willpack ltd

4.5

willpack ltd Company Information

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Company Number

05195622

Registered Address

unit 4 pedmore road, brierley hill, west midlands, DY5 1TJ

Industry

Manufacture of wooden containers

 

Telephone

01215594949

Next Accounts Due

May 2024

Group Structure

View All

Directors

Stephen Willetts19 Years

Leslie Willetts19 Years

Shareholders

mr stephen david willetts 100%

willpack ltd Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of WILLPACK LTD at £1.4m based on a Turnover of £2m and 0.73x industry multiple (adjusted for size and gross margin).

willpack ltd Estimated Valuation

£186.5k

Pomanda estimates the enterprise value of WILLPACK LTD at £186.5k based on an EBITDA of £39.2k and a 4.76x industry multiple (adjusted for size and gross margin).

willpack ltd Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of WILLPACK LTD at £2.4m based on Net Assets of £1.3m and 1.91x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from August 2022 

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Willpack Ltd Overview

Willpack Ltd is a live company located in west midlands, DY5 1TJ with a Companies House number of 05195622. It operates in the manufacture of wooden containers sector, SIC Code 16240. Founded in August 2004, it's largest shareholder is mr stephen david willetts with a 100% stake. Willpack Ltd is a mature, small sized company, Pomanda has estimated its turnover at £2m with declining growth in recent years.

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Willpack Ltd Health Check

Pomanda's financial health check has awarded Willpack Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

4 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £2m, make it smaller than the average company (£8.9m)

£2m - Willpack Ltd

£8.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (10.8%)

-4% - Willpack Ltd

10.8% - Industry AVG

production

Production

with a gross margin of 25.1%, this company has a comparable cost of product (25.1%)

25.1% - Willpack Ltd

25.1% - Industry AVG

profitability

Profitability

an operating margin of 1.9% make it less profitable than the average company (7.2%)

1.9% - Willpack Ltd

7.2% - Industry AVG

employees

Employees

with 14 employees, this is below the industry average (59)

14 - Willpack Ltd

59 - Industry AVG

paystructure

Pay Structure

on an average salary of £32.1k, the company has an equivalent pay structure (£32.1k)

£32.1k - Willpack Ltd

£32.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £141.5k, this is equally as efficient (£133.2k)

£141.5k - Willpack Ltd

£133.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 114 days, this is later than average (72 days)

114 days - Willpack Ltd

72 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 87 days, this is slower than average (61 days)

87 days - Willpack Ltd

61 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 12 days, this is less than average (34 days)

12 days - Willpack Ltd

34 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 108 weeks, this is more cash available to meet short term requirements (8 weeks)

108 weeks - Willpack Ltd

8 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 21.9%, this is a lower level of debt than the average (54.5%)

21.9% - Willpack Ltd

54.5% - Industry AVG

willpack ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Willpack Ltd Competitor Analysis

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Perform a competitor analysis for willpack ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.

willpack ltd Ownership

WILLPACK LTD group structure

Willpack Ltd has no subsidiary companies.

Ultimate parent company

WILLPACK LTD

05195622

WILLPACK LTD Shareholders

mr stephen david willetts 100%

willpack ltd directors

Willpack Ltd currently has 2 directors. The longest serving directors include Mr Stephen Willetts (Aug 2004) and Leslie Willetts (Aug 2004).

officercountryagestartendrole
Mr Stephen Willetts48 years Aug 2004- Director
Leslie Willetts80 years Aug 2004- Director

WILLPACK LTD financials

EXPORTms excel logo

Willpack Ltd's latest turnover from August 2022 is estimated at £2 million and the company has net assets of £1.3 million. According to their latest financial statements, Willpack Ltd has 14 employees and maintains cash reserves of £743.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Feb 2013Feb 2012Feb 2011Feb 2010
Turnover1,981,1602,635,6062,782,0632,248,7423,155,6922,353,0972,071,7992,142,0691,724,1391,574,9551,807,0312,490,5142,463,3252,665,693
Other Income Or Grants00000000000000
Cost Of Sales1,483,9641,913,8572,065,5081,680,5312,294,2741,783,4571,562,0561,623,0101,321,8781,190,6581,407,4341,914,7851,843,9791,886,189
Gross Profit497,196721,750716,555568,211861,417569,640509,743519,059402,261384,297399,597575,729619,346779,504
Admin Expenses459,407569,758584,621585,703830,541545,552359,693317,938264,991-1,641199,210467,609542,399565,980
Operating Profit37,789151,992131,934-17,49230,87624,088150,050201,121137,270385,938200,387108,12076,947213,524
Interest Payable0000750695000002,8056,0253,220
Interest Receivable11,8384833591,7931,0817998941,0207899348511,5031,748796
Pre-Tax Profit49,627152,475132,293-15,69931,20724,193150,944202,141138,059386,871201,238106,81872,671211,100
Tax-9,429-28,970-25,1360-5,929-4,597-30,189-40,428-28,992-88,980-48,297-27,773-20,348-59,108
Profit After Tax40,198123,505107,157-15,69925,27819,596120,755161,713109,067297,891152,94179,04552,323151,992
Dividends Paid00000000000000
Retained Profit40,198123,505107,157-15,69925,27819,596120,755161,713109,067297,891152,94179,04552,323151,992
Employee Costs450,023493,406501,109488,304539,298561,543679,303555,125392,672410,839389,663568,461597,677667,176
Number Of Employees1416181820202422171817252629
EBITDA*39,172153,375133,317-16,10830,87624,088150,195201,609140,654387,630206,467124,940111,552296,317

* Earnings Before Interest, Tax, Depreciation and Amortisation

Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Feb 2013Feb 2012Feb 2011Feb 2010
Tangible Assets1,3882,7714,1545,5370001456334,0176,669200,391215,761245,995
Intangible Assets00000000000000
Investments & Other214,982241,642145,403177,579229,619249,745293,995158,996236,169150,0820000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets216,370244,413149,557183,116229,619249,745293,995159,141236,802154,0996,669200,391215,761245,995
Stock & work in progress49,913107,05963,69592,04684,49264,67996,07667,76367,34424,61126,15142,42528,28850,813
Trade Debtors619,255859,522858,160663,1941,095,412787,747456,226646,957524,465515,343579,531610,789558,042475,117
Group Debtors00000000000000
Misc Debtors00000000000000
Cash743,306609,656356,985360,027118,230170,148469,170245,700162,253153,378120,428220,051381,055318,307
misc current assets00000000000000
total current assets1,412,4741,576,2371,278,8401,115,2671,298,1341,022,5741,021,472960,420754,062693,332726,110873,265967,385844,237
total assets1,628,8441,820,6501,428,3971,298,3831,527,7531,272,3191,315,4671,119,561990,864847,431732,7791,073,6561,183,1461,090,232
Bank overdraft0000022,22600000000
Bank loan00000000000000
Trade Creditors 355,923353,552319,179296,322509,993257,611342,581267,430300,446266,080296,378790,196840,015786,648
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities00000000000000
total current liabilities355,923353,552319,179296,322509,993279,837342,581267,430300,446266,080296,378790,196840,015786,648
loans00000000000086,30099,075
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities0234,375000000000052,41652,417
provisions00000000000000
total long term liabilities0234,3750000000000138,716151,492
total liabilities355,923587,927319,179296,322509,993279,837342,581267,430300,446266,080296,378790,196978,731938,140
net assets1,272,9211,232,7231,109,2181,002,0611,017,760992,482972,886852,131690,418581,351436,401283,460204,415152,092
total shareholders funds1,272,9211,232,7231,109,2181,002,0611,017,760992,482972,886852,131690,418581,351436,401283,460204,415152,092
Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Aug 2015Aug 2014Aug 2013Feb 2013Feb 2012Feb 2011Feb 2010
Operating Activities
Operating Profit37,789151,992131,934-17,49230,87624,088150,050201,121137,270385,938200,387108,12076,947213,524
Depreciation1,3831,3831,3831,384001454883,3841,6926,08016,82034,60582,793
Amortisation00000000000000
Tax-9,429-28,970-25,1360-5,929-4,597-30,189-40,428-28,992-88,980-48,297-27,773-20,348-59,108
Stock-57,14643,364-28,3517,55419,813-31,39728,31341942,733-17,814-16,27414,137-22,52550,813
Debtors-240,2671,362194,966-432,218307,665331,521-190,731122,4929,122-95,446-31,25852,74782,925475,117
Creditors2,37134,37322,857-213,671252,382-84,97075,151-33,01634,366-524,116-493,818-49,81953,367786,648
Accruals and Deferred Income00000000000000
Deferred Taxes & Provisions00000000000000
Cash flow from operations329,527114,052-35,577194,885-50,149-365,603357,5755,25494,173-112,206-288,116-19,53684,171497,927
Investing Activities
capital expenditure000-6,92100000194,682187,642-1,450-4,371-328,788
Change in Investments-26,66096,239-32,176-52,040-20,126-44,250134,999-77,17386,087150,0820000
cash flow from investments26,660-96,23932,17645,11920,12644,250-134,99977,173-86,08744,600187,642-1,450-4,371-328,788
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans00000000000-86,300-12,77599,075
Hire Purchase and Lease Commitments00000000000000
other long term liabilities-234,375234,375000000000-52,416-152,417
share issue0000000000000100
interest11,8384833591,7933311048941,020789934851-1,302-4,277-2,424
cash flow from financing-222,537234,8583591,7933311048941,020789934851-140,018-17,053149,168
cash and cash equivalents
cash133,650252,671-3,042241,797-51,918-299,022223,47083,4478,875-66,673-99,623-161,00462,748318,307
overdraft0000-22,22622,22600000000
change in cash133,650252,671-3,042241,797-29,692-321,248223,47083,4478,875-66,673-99,623-161,00462,748318,307

P&L

August 2022

turnover

2m

-25%

operating profit

37.8k

0%

gross margin

25.1%

-8.36%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

August 2022

net assets

1.3m

+0.03%

total assets

1.6m

-0.11%

cash

743.3k

+0.22%

net assets

Total assets minus all liabilities

willpack ltd company details

company number

05195622

Type

Private limited with Share Capital

industry

16240 - Manufacture of wooden containers

incorporation date

August 2004

age

20

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

UK

address

unit 4 pedmore road, brierley hill, west midlands, DY5 1TJ

last accounts submitted

August 2022

willpack ltd Charges & Mortgages

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 4 charges/mortgages relating to willpack ltd. Currently there are 0 open charges and 4 have been satisfied in the past.

charges

willpack ltd Companies House Filings - See Documents

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