solapak limited
solapak limited Company Information
Company Number
05475678
Website
www.solapak.co.ukRegistered Address
basepoint lincoln road, cressex business park, high wycombe, buckinghamshire, HP12 3RL
Industry
Manufacture of electricity distribution and control apparatus
Telephone
01494614523
Next Accounts Due
September 2024
Group Structure
View All
Directors
Ibrahim El-Ghawanmeh9 Years
Shareholders
ibrahim el ghawanmeh 100%
solapak limited Estimated Valuation
Pomanda estimates the enterprise value of SOLAPAK LIMITED at £3.6m based on a Turnover of £5.2m and 0.69x industry multiple (adjusted for size and gross margin).
solapak limited Estimated Valuation
Pomanda estimates the enterprise value of SOLAPAK LIMITED at £687.3k based on an EBITDA of £147.9k and a 4.65x industry multiple (adjusted for size and gross margin).
solapak limited Estimated Valuation
Pomanda estimates the enterprise value of SOLAPAK LIMITED at £175.6k based on Net Assets of £433.6k and 0.41x industry multiple (adjusted for liquidity).
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Solapak Limited Overview
Solapak Limited is a live company located in high wycombe, HP12 3RL with a Companies House number of 05475678. It operates in the manufacture of electricity distribution and control apparatus sector, SIC Code 27120. Founded in June 2005, it's largest shareholder is ibrahim el ghawanmeh with a 100% stake. Solapak Limited is a established, mid sized company, Pomanda has estimated its turnover at £5.2m with rapid growth in recent years.
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Solapak Limited Health Check
Pomanda's financial health check has awarded Solapak Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 8 areas for improvement. Company Health Check FAQs
4 Strong
0 Regular
8 Weak
Size
annual sales of £5.2m, make it smaller than the average company (£17m)
£5.2m - Solapak Limited
£17m - Industry AVG
Growth
3 year (CAGR) sales growth of 62%, show it is growing at a faster rate (4.9%)
62% - Solapak Limited
4.9% - Industry AVG
Production
with a gross margin of 17.6%, this company has a higher cost of product (24.4%)
17.6% - Solapak Limited
24.4% - Industry AVG
Profitability
an operating margin of 2.6% make it less profitable than the average company (3.6%)
2.6% - Solapak Limited
3.6% - Industry AVG
Employees
with 7 employees, this is below the industry average (81)
7 - Solapak Limited
81 - Industry AVG
Pay Structure
on an average salary of £123.6k, the company has a higher pay structure (£47.1k)
£123.6k - Solapak Limited
£47.1k - Industry AVG
Efficiency
resulting in sales per employee of £742.4k, this is more efficient (£188.6k)
£742.4k - Solapak Limited
£188.6k - Industry AVG
Debtor Days
it gets paid by customers after 163 days, this is later than average (69 days)
163 days - Solapak Limited
69 days - Industry AVG
Creditor Days
its suppliers are paid after 77 days, this is slower than average (44 days)
77 days - Solapak Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (68 days)
2 days - Solapak Limited
68 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (9 weeks)
5 weeks - Solapak Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 83.3%, this is a higher level of debt than the average (56.9%)
83.3% - Solapak Limited
56.9% - Industry AVG
SOLAPAK LIMITED financials
Solapak Limited's latest turnover from December 2022 is £5.2 million and the company has net assets of £433.6 thousand. According to their latest financial statements, Solapak Limited has 7 employees and maintains cash reserves of £218.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 5,196,498 | 4,439,919 | 3,162,112 | 1,220,318 | 900,433 | 4,365,901 | 1,969,467 | 2,649,315 | 1,622,055 | 55,950 | 33,408 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 4,283,066 | 3,234,535 | 2,380,113 | 911,168 | 725,134 | 3,822,507 | 1,599,645 | 2,074,235 | 1,247,812 | 47,997 | 12,218 | |||
| Gross Profit | 913,432 | 1,205,384 | 781,999 | 309,151 | 175,298 | 543,394 | 369,823 | 575,080 | 374,243 | 7,954 | 21,190 | |||
| Admin Expenses | 777,924 | 1,059,092 | 700,303 | 298,915 | 198,572 | 474,645 | 322,178 | 477,458 | 331,114 | 107,441 | 14,400 | |||
| Operating Profit | 135,508 | 146,292 | 81,696 | 10,236 | -23,274 | 68,749 | 47,645 | 97,622 | 43,129 | -99,487 | 6,790 | |||
| Interest Payable | 1,560 | 3,165 | 10,531 | 1,805 | 12,186 | 16,522 | 0 | 0 | 0 | 0 | 0 | |||
| Interest Receivable | 0 | 0 | 41 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Pre-Tax Profit | 133,948 | 143,127 | 71,207 | 8,431 | -35,460 | 52,226 | 47,644 | 97,622 | 43,129 | -99,487 | 6,790 | |||
| Tax | -24,430 | -31,733 | -14,220 | -4,623 | 6,462 | -11,345 | -10,404 | -20,708 | 14,798 | 0 | -1,403 | |||
| Profit After Tax | 109,518 | 111,394 | 56,987 | 3,808 | -28,998 | 40,881 | 37,240 | 76,914 | 57,927 | -99,487 | 5,387 | |||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,634 | |||
| Retained Profit | 109,518 | 111,394 | 56,987 | 3,808 | -28,998 | 40,881 | 37,240 | 76,914 | 57,927 | -99,487 | -2,247 | |||
| Employee Costs | 865,104 | 1,160,221 | 764,258 | 297,946 | 89,159 | 351,363 | 225,005 | 394,523 | 241,171 | 82,674 | ||||
| Number Of Employees | 7 | 7 | 7 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | ||||
| EBITDA* | 147,875 | 161,815 | 90,141 | 16,292 | -18,427 | 74,536 | 57,991 | 106,713 | 49,266 | -97,992 | 7,136 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 32,038 | 28,410 | 22,441 | 17,380 | 8,175 | 9,067 | 10,723 | 13,468 | 27,817 | 10,672 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 5,723 | 3,729 | 3,174 | 2,503 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 26,314 | 24,681 | 19,266 | 14,875 | 8,175 | 9,066 | 10,723 | 13,468 | 27,817 | 10,672 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 25,454 | 29,891 | 73,989 | 78,778 | 85,272 | 87,184 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,322,863 | 2,074,129 | 807,692 | 203,068 | 130,085 | 1,796,152 | 1,077,580 | 1,236,989 | 741,021 | 41,866 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 9,174 | 26,835 | 138,424 | 415,642 | 7,888 | 56,471 | 9,421 | 11,396 | 11,558 | 3,225 | 0 | 0 | 0 | 8,200 |
| Cash | 218,141 | 123,708 | 327,040 | 199,706 | 346,113 | 101,432 | 165,123 | 98,707 | 153,509 | 26,180 | 1 | 0 | 0 | 91 |
| misc current assets | 0 | 0 | 0 | 0 | 4,377 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,575,634 | 2,254,564 | 1,347,147 | 897,741 | 573,736 | 2,041,241 | 1,252,125 | 1,347,093 | 906,089 | 71,272 | 1 | 0 | 0 | 8,291 |
| total assets | 2,601,948 | 2,279,245 | 1,366,413 | 912,616 | 581,911 | 2,050,307 | 1,262,848 | 1,360,561 | 933,906 | 81,944 | 1 | 0 | 0 | 8,291 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 242,310 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 905,959 | 657,325 | 269,664 | 419,776 | 5,457 | 915,910 | 594,092 | 400,326 | 635,340 | 0 | 0 | 0 | 0 | 1,811 |
| Group/Directors Accounts | 202,151 | 202,151 | 203,103 | 271,444 | 0 | 0 | 375,678 | 384,569 | 1 | 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 | 1,060,201 | 1,095,649 | 679,919 | 81,744 | 404,493 | 288,531 | 135,670 | 452,404 | 270,239 | 181,425 | 0 | 0 | 0 | 6,106 |
| total current liabilities | 2,168,312 | 1,955,127 | 1,152,687 | 772,964 | 409,951 | 1,842,354 | 1,105,441 | 1,237,299 | 905,580 | 181,426 | 0 | 0 | 0 | 7,917 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 49,836 | 55,931 | 50,611 | 52,988 | 18,814 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 24,918 | 27,966 | 25,306 | 26,494 | 9,407 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 2,168,312 | 1,955,127 | 1,152,687 | 772,964 | 434,869 | 1,870,320 | 1,130,747 | 1,263,793 | 914,987 | 181,426 | 0 | 0 | 0 | 7,917 |
| net assets | 433,635 | 324,117 | 213,725 | 139,652 | 147,042 | 179,987 | 132,101 | 96,768 | 18,919 | -99,482 | 1 | 0 | 0 | 374 |
| total shareholders funds | 433,635 | 324,117 | 213,726 | 139,653 | 147,041 | 179,988 | 132,101 | 96,768 | 18,918 | -99,482 | 1 | 0 | 0 | 374 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 135,508 | 146,292 | 81,696 | 10,236 | -23,274 | 68,749 | 47,645 | 97,622 | 43,129 | -99,487 | 6,790 | |||
| Depreciation | 12,367 | 15,523 | 8,445 | 6,056 | 4,846 | 5,787 | 10,346 | 9,091 | 6,136 | 1,495 | 0 | 346 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax | -24,430 | -31,733 | -14,220 | -4,623 | 6,462 | -11,345 | -10,404 | -20,708 | 14,798 | 0 | -1,403 | |||
| Stock | -4,437 | -44,098 | -4,789 | -6,494 | -1,912 | 87,184 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 233,068 | 1,155,402 | 328,077 | 483,240 | -1,714,650 | 765,622 | -161,384 | 495,806 | 707,488 | 45,091 | 0 | 0 | -8,200 | 8,200 |
| Creditors | 248,633 | 387,661 | -150,112 | 414,318 | -910,452 | 321,818 | 193,766 | -235,014 | 635,340 | 0 | 0 | 0 | -1,811 | 1,811 |
| Accruals and Deferred Income | -35,448 | 415,730 | 598,175 | -322,749 | 115,962 | 152,861 | -316,734 | 182,165 | 88,814 | 181,425 | 0 | 0 | -6,106 | 6,106 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | -49,836 | -6,095 | 5,320 | -2,377 | 34,174 | 18,814 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 107,999 | -177,831 | 200,696 | -423,344 | 904,011 | -309,616 | 83,626 | -428,476 | 99,543 | 38,342 | 5,450 | |||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | -242,310 | 242,310 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 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 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -1,560 | -3,165 | -10,490 | -1,805 | -12,186 | -16,522 | 0 | 0 | 0 | 0 | 0 | |||
| cash flow from financing | -1,560 | -4,167 | 6,596 | -13,002 | -258,445 | 232,794 | -1,907 | 935 | 60,473 | 4 | 2,621 | |||
| cash and cash equivalents | ||||||||||||||
| cash | 94,433 | -203,332 | 127,334 | -146,407 | 244,681 | -63,691 | 66,416 | -54,802 | 127,329 | 26,179 | 1 | 0 | -91 | 91 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 94,433 | -203,332 | 127,334 | -146,407 | 244,681 | -63,691 | 66,416 | -54,802 | 127,329 | 26,179 | 1 | 0 | -91 | 91 |
solapak limited Credit Report and Business Information
Solapak Limited Competitor Analysis
Perform a competitor analysis for solapak limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in HP12 area or any other competitors across 12 key performance metrics.
solapak limited Ownership
SOLAPAK LIMITED group structure
Solapak Limited has no subsidiary companies.
Ultimate parent company
SOLAPAK LIMITED
05475678
solapak limited directors
Solapak Limited currently has 1 director, Mr Ibrahim El-Ghawanmeh serving since Apr 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ibrahim El-Ghawanmeh | England | 67 years | Apr 2015 | - | Director |
P&L
December 2022turnover
5.2m
+17%
operating profit
135.5k
-7%
gross margin
17.6%
-35.25%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
433.6k
+0.34%
total assets
2.6m
+0.14%
cash
218.1k
+0.76%
net assets
Total assets minus all liabilities
Similar Companies
solapak limited company details
company number
05475678
Type
Private limited with Share Capital
industry
27120 - Manufacture of electricity distribution and control apparatus
incorporation date
June 2005
age
19
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
spk solar sales limited (July 2012)
last accounts submitted
December 2022
address
basepoint lincoln road, cressex business park, high wycombe, buckinghamshire, HP12 3RL
accountant
-
auditor
SEYMOUR TAYLOR LIMITED
solapak limited 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 did not find charges/mortgages relating to solapak limited.
solapak limited Companies House Filings - See Documents
| date | description | view/download |
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