willpack ltd Company Information
Company Number
05195622
Website
www.willpack.netRegistered 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
Shareholders
mr stephen david willetts 100%
willpack ltd Estimated Valuation
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
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
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).
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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
4 Strong
3 Regular
5 Weak
Size
annual sales of £2m, make it smaller than the average company (£8.9m)
- Willpack Ltd
£8.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (10.8%)
- Willpack Ltd
10.8% - Industry AVG
Production
with a gross margin of 25.1%, this company has a comparable cost of product (25.1%)
- Willpack Ltd
25.1% - Industry AVG
Profitability
an operating margin of 1.9% make it less profitable than the average company (7.2%)
- Willpack Ltd
7.2% - Industry AVG
Employees
with 14 employees, this is below the industry average (59)
14 - Willpack Ltd
59 - Industry AVG
Pay Structure
on an average salary of £32.1k, the company has an equivalent pay structure (£32.1k)
- Willpack Ltd
£32.1k - Industry AVG
Efficiency
resulting in sales per employee of £141.5k, this is equally as efficient (£133.2k)
- Willpack Ltd
£133.2k - Industry AVG
Debtor Days
it gets paid by customers after 114 days, this is later than average (72 days)
- Willpack Ltd
72 days - Industry AVG
Creditor Days
its suppliers are paid after 87 days, this is slower than average (61 days)
- Willpack Ltd
61 days - Industry AVG
Stock Days
it holds stock equivalent to 12 days, this is less than average (34 days)
- Willpack Ltd
34 days - Industry AVG
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
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
Willpack Ltd Competitor Analysis
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 directors
Willpack Ltd currently has 2 directors. The longest serving directors include Mr Stephen Willetts (Aug 2004) and Leslie Willetts (Aug 2004).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Stephen Willetts | 48 years | Aug 2004 | - | Director | |
Leslie Willetts | 80 years | Aug 2004 | - | Director |
WILLPACK LTD financials
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 House, Pomanda Estimates
Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | ||||||||||||||
Other Income Or Grants | ||||||||||||||
Cost Of Sales | ||||||||||||||
Gross Profit | ||||||||||||||
Admin Expenses | ||||||||||||||
Operating Profit | ||||||||||||||
Interest Payable | ||||||||||||||
Interest Receivable | ||||||||||||||
Pre-Tax Profit | ||||||||||||||
Tax | ||||||||||||||
Profit After Tax | ||||||||||||||
Dividends Paid | ||||||||||||||
Retained Profit | ||||||||||||||
Employee Costs | ||||||||||||||
Number Of Employees | 14 | 16 | 18 | 18 | 20 | 20 | 24 | |||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 1,388 | 2,771 | 4,154 | 5,537 | 0 | 0 | 0 | 145 | 633 | 4,017 | 6,669 | 200,391 | 215,761 | 245,995 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 214,982 | 241,642 | 145,403 | 177,579 | 229,619 | 249,745 | 293,995 | 158,996 | 236,169 | 150,082 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 216,370 | 244,413 | 149,557 | 183,116 | 229,619 | 249,745 | 293,995 | 159,141 | 236,802 | 154,099 | 6,669 | 200,391 | 215,761 | 245,995 |
Stock & work in progress | 49,913 | 107,059 | 63,695 | 92,046 | 84,492 | 64,679 | 96,076 | 67,763 | 67,344 | 24,611 | 26,151 | 42,425 | 28,288 | 50,813 |
Trade Debtors | 619,255 | 859,522 | 858,160 | 663,194 | 1,095,412 | 787,747 | 456,226 | 646,957 | 524,465 | 515,343 | 579,531 | 610,789 | 558,042 | 475,117 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 743,306 | 609,656 | 356,985 | 360,027 | 118,230 | 170,148 | 469,170 | 245,700 | 162,253 | 153,378 | 120,428 | 220,051 | 381,055 | 318,307 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 1,412,474 | 1,576,237 | 1,278,840 | 1,115,267 | 1,298,134 | 1,022,574 | 1,021,472 | 960,420 | 754,062 | 693,332 | 726,110 | 873,265 | 967,385 | 844,237 |
total assets | 1,628,844 | 1,820,650 | 1,428,397 | 1,298,383 | 1,527,753 | 1,272,319 | 1,315,467 | 1,119,561 | 990,864 | 847,431 | 732,779 | 1,073,656 | 1,183,146 | 1,090,232 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 22,226 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 355,923 | 353,552 | 319,179 | 296,322 | 509,993 | 257,611 | 342,581 | 267,430 | 300,446 | 266,080 | 296,378 | 790,196 | 840,015 | 786,648 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 355,923 | 353,552 | 319,179 | 296,322 | 509,993 | 279,837 | 342,581 | 267,430 | 300,446 | 266,080 | 296,378 | 790,196 | 840,015 | 786,648 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 86,300 | 99,075 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 234,375 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 52,416 | 52,417 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 0 | 234,375 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 138,716 | 151,492 |
total liabilities | 355,923 | 587,927 | 319,179 | 296,322 | 509,993 | 279,837 | 342,581 | 267,430 | 300,446 | 266,080 | 296,378 | 790,196 | 978,731 | 938,140 |
net assets | 1,272,921 | 1,232,723 | 1,109,218 | 1,002,061 | 1,017,760 | 992,482 | 972,886 | 852,131 | 690,418 | 581,351 | 436,401 | 283,460 | 204,415 | 152,092 |
total shareholders funds | 1,272,921 | 1,232,723 | 1,109,218 | 1,002,061 | 1,017,760 | 992,482 | 972,886 | 852,131 | 690,418 | 581,351 | 436,401 | 283,460 | 204,415 | 152,092 |
Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | ||||||||||||||
Depreciation | 1,383 | 1,383 | 1,383 | 1,384 | 0 | 0 | 145 | 488 | 3,384 | 1,692 | 6,080 | 16,820 | 34,605 | 82,793 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | ||||||||||||||
Stock | -57,146 | 43,364 | -28,351 | 7,554 | 19,813 | -31,397 | 28,313 | 419 | 42,733 | -17,814 | -16,274 | 14,137 | -22,525 | 50,813 |
Debtors | -240,267 | 1,362 | 194,966 | -432,218 | 307,665 | 331,521 | -190,731 | 122,492 | 9,122 | -95,446 | -31,258 | 52,747 | 82,925 | 475,117 |
Creditors | 2,371 | 34,373 | 22,857 | -213,671 | 252,382 | -84,970 | 75,151 | -33,016 | 34,366 | -524,116 | -493,818 | -49,819 | 53,367 | 786,648 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | -26,660 | 96,239 | -32,176 | -52,040 | -20,126 | -44,250 | 134,999 | -77,173 | 86,087 | 150,082 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -86,300 | -12,775 | 99,075 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | -234,375 | 234,375 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -52,416 | -1 | 52,417 |
share issue | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | 133,650 | 252,671 | -3,042 | 241,797 | -51,918 | -299,022 | 223,470 | 83,447 | 8,875 | -66,673 | -99,623 | -161,004 | 62,748 | 318,307 |
overdraft | 0 | 0 | 0 | 0 | -22,226 | 22,226 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 133,650 | 252,671 | -3,042 | 241,797 | -29,692 | -321,248 | 223,470 | 83,447 | 8,875 | -66,673 | -99,623 | -161,004 | 62,748 | 318,307 |
P&L
August 2022turnover
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 2022net 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
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.
willpack ltd Companies House Filings - See Documents
date | description | view/download |
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