Gap Plastics Limited

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gap plastics limited Company Information

Live

EstablishedSmallHealthy

Company Number

05592264

Website

www.gapplastics.co.uk

Registered Address

unit 16 glossop brook business, park surrey street, glossop, derbyshire sk13 7aj, SK13 8GG

Industry

Manufacture of plastics in primary forms

Telephone

01457856900

Next Accounts Due

July 2025

Group Structure

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Directors

Glyn Fitzpatrick18 Years

Stephen Priestley18 Years

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Shareholders

glyn fitzpatrick 33.3%

stephen patrick priestley 33.3%

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gap plastics limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of GAP PLASTICS LIMITED at £1.7m based on Net Assets of £886.3k and 1.94x industry multiple (adjusted for liquidity).

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Gap Plastics Limited is a live company located in glossop, SK13 8GG with a Companies House number of 05592264. It operates in the manufacture of plastics in primary forms sector, SIC Code 20160. Founded in October 2005, it's largest shareholder is glyn fitzpatrick with a 33.3% stake. Gap Plastics Limited is a established, small sized company, Pomanda has estimated its turnover at £1.8m with healthy growth in recent years.

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Pomanda's financial health check has awarded Gap Plastics Limited a 4 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 Rating4out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £1.8m, make it smaller than the average company (£23.1m)

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (6.7%)

EXPORT

Gap Plastics Limited's latest turnover from October 2023 is estimated at £1.8 million and the company has net assets of £886.3 thousand. According to their latest financial statements, Gap Plastics Limited has 12 employees and maintains cash reserves of £360.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	1,846,243	1,953,567	1,569,209	1,402,957	4,360,597	1,820,153	1,585,279	1,857,124	5,042,967	2,866,549	3,952,966	2,050,172	1,000,049	1,568,278	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,514,118	1,561,558	1,241,222	1,114,460	3,463,251	1,413,264	1,211,824	1,490,773	3,986,699	2,242,163	3,036,759	1,612,838	780,681	1,194,587	0
Gross Profit	332,125	392,009	327,987	288,496	897,346	406,889	373,455	366,351	1,056,268	624,387	916,207	437,334	219,368	373,692	0
Admin Expenses	539,005	380,399	610,600	486,116	914,015	357,072	439,938	296,984	563,264	412,524	324,319	451,593	194,220	159,856	-480,414
Operating Profit	-206,880	11,610	-282,613	-197,620	-16,669	49,817	-66,483	69,367	493,004	211,863	591,888	-14,259	25,148	213,836	480,414
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	12,263	2,788	202	267	3,893	5,785	1,919	1,428	1,521	685	82	339	425	310	201
Pre-Tax Profit	-194,617	14,398	-282,411	-197,353	-12,776	55,601	-64,564	70,795	494,525	212,548	591,970	-13,921	25,573	214,146	480,615
Tax	0	-2,736	0	0	0	-10,564	0	-14,159	-98,905	-44,635	-136,153	0	-6,649	-59,961	-134,572
Profit After Tax	-194,617	11,662	-282,411	-197,353	-12,776	45,037	-64,564	56,636	395,620	167,913	455,817	-13,921	18,924	154,185	346,043
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-194,617	11,662	-282,411	-197,353	-12,776	45,037	-64,564	56,636	395,620	167,913	455,817	-13,921	18,924	154,185	346,043
Employee Costs	583,462	573,258	517,547	530,233	706,812	619,446	591,195	297,779	812,872	407,719	609,755	280,432	146,082	272,485	0
Number Of Employees	12	13	12	12	16	15	14	8	22	12	17	8	4	8	0
EBITDA*	-148,432	77,384	-206,188	-108,196	85,813	155,902	42,060	166,402	597,835	318,147	715,956	18,098	61,977	257,123	526,674

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	329,323	370,172	437,148	504,489	577,898	597,541	567,644	544,582	589,238	596,025	695,252	180,966	205,621	241,300	256,958
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	329,323	370,172	437,148	504,489	577,898	597,541	567,644	544,582	589,238	596,025	695,252	180,966	205,621	241,300	256,958
Stock & work in progress	79,260	75,127	87,179	136,933	135,012	214,662	97,340	103,330	91,088	101,622	84,788	80,489	85,122	69,951	66,254
Trade Debtors	202,421	341,823	232,369	145,839	1,105,931	194,919	250,998	464,307	1,248,362	672,063	954,297	527,165	231,191	398,774	231,546
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	109,258	459,800	463,549	469,837	117,076	24,920	30,813	17,347	0	50,214	27,326	0	440	2,843	0
Cash	360,645	129,873	117,914	286,854	247,157	791,057	751,512	784,004	358,147	250,346	23,595	9,145	126,254	43,601	80,497
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	751,584	1,006,623	901,011	1,039,463	1,605,176	1,225,558	1,130,663	1,368,988	1,697,597	1,074,245	1,090,006	616,799	443,007	515,169	378,297
total assets	1,080,907	1,376,795	1,338,159	1,543,952	2,183,074	1,823,099	1,698,307	1,913,570	2,286,835	1,670,270	1,785,258	797,765	648,628	756,469	635,255
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	77,839	102,327	121,995	45,088	401,471	135,762	79,622	204,199	694,924	483,734	698,767	264,013	121,047	252,349	273,254
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	4,415	8,327	3,790	0
other short term finances	0	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	0
other current liabilities	42,628	137,457	78,090	68,709	144,529	38,517	26,413	60,644	0	0	0	0	0	0	0
total current liabilities	120,467	239,784	200,085	113,797	546,000	174,279	106,035	264,843	694,924	483,734	698,767	268,428	129,374	256,139	273,254
loans	0	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	0
Accruals and Deferred Income	0	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	61,573	0	0	0	15,856
provisions	74,143	56,097	68,822	78,492	88,058	87,028	75,517	67,408	67,228	57,473	63,768	24,004	0	0	0
total long term liabilities	74,143	56,097	68,822	78,492	88,058	87,028	75,517	67,408	67,228	57,473	125,341	24,004	0	0	15,856
total liabilities	194,610	295,881	268,907	192,289	634,058	261,307	181,552	332,251	762,152	541,207	824,108	292,432	129,374	256,139	289,110
net assets	886,297	1,080,914	1,069,252	1,351,663	1,549,016	1,561,792	1,516,755	1,581,319	1,524,683	1,129,063	961,150	505,333	519,254	500,330	346,145
total shareholders funds	886,297	1,080,914	1,069,252	1,351,663	1,549,016	1,561,792	1,516,755	1,581,319	1,524,683	1,129,063	961,150	505,333	519,254	500,330	346,145

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	-206,880	11,610	-282,613	-197,620	-16,669	49,817	-66,483	69,367	493,004	211,863	591,888	-14,259	25,148	213,836	480,414
Depreciation	58,448	65,774	76,425	89,424	102,482	106,085	108,543	97,035	104,831	106,284	124,068	32,357	36,829	43,287	46,260
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-2,736	0	0	0	-10,564	0	-14,159	-98,905	-44,635	-136,153	0	-6,649	-59,961	-134,572
Stock	4,133	-12,052	-49,754	1,921	-79,650	117,322	-5,990	12,242	-10,534	16,834	4,299	-4,633	15,171	3,697	66,254
Debtors	-489,944	105,705	80,242	-607,331	1,003,168	-61,972	-199,843	-766,708	526,085	-259,346	454,458	295,534	-169,986	170,071	231,546
Creditors	-24,488	-19,668	76,907	-356,383	265,709	56,140	-124,577	-490,725	211,190	-215,033	434,754	142,966	-131,302	-20,905	273,254
Accruals and Deferred Income	-94,829	59,367	9,381	-75,820	106,012	12,104	-34,231	60,644	0	0	0	0	0	0	0
Deferred Taxes & Provisions	18,046	-12,725	-9,670	-9,566	1,030	11,511	8,109	180	9,755	-6,295	39,764	24,004	0	0	0
Cash flow from operations	236,108	7,969	-160,058	55,445	-464,954	169,743	97,194	476,808	204,324	294,696	595,564	-105,833	78,841	2,489	367,556
Investing Activities
capital expenditure	-17,599	1,202	-9,084	-16,015	-82,839	-135,982	-131,605	-52,379	-98,044	-7,057	-638,354	-7,702	-1,150	-27,629	-303,218
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-17,599	1,202	-9,084	-16,015	-82,839	-135,982	-131,605	-52,379	-98,044	-7,057	-638,354	-7,702	-1,150	-27,629	-303,218
Financing Activities
Bank loans	0	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	-4,415	-3,912	4,537	3,790	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	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	-61,573	61,573	0	0	-15,856	15,856
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	102
interest	12,263	2,788	202	267	3,893	5,785	1,919	1,428	1,521	685	82	339	425	310	201
cash flow from financing	12,263	2,788	202	267	3,893	5,785	1,919	1,428	1,521	-60,888	57,240	-3,573	4,962	-11,756	16,159
cash and cash equivalents
cash	230,772	11,959	-168,940	39,697	-543,900	39,545	-32,492	425,857	107,801	226,751	14,450	-117,109	82,653	-36,896	80,497
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	230,772	11,959	-168,940	39,697	-543,900	39,545	-32,492	425,857	107,801	226,751	14,450	-117,109	82,653	-36,896	80,497

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GAP PLASTICS LIMITED group structure

Gap Plastics Limited has no subsidiary companies.

Ultimate parent company

GAP PLASTICS LIMITED

05592264

GAP PLASTICS LIMITED Shareholders

glyn fitzpatrick	33.33%
stephen patrick priestley	33.33%
andrew adderley	33.33%

Gap Plastics Limited currently has 5 directors. The longest serving directors include Mr Glyn Fitzpatrick (Oct 2005) and Mr Stephen Priestley (Oct 2005).

officer	age	start	end	role
Mr Glyn Fitzpatrick	66 years	Oct 2005	-	Director
Mr Stephen Priestley	63 years	Oct 2005	-	Director
Mr Andrew Adderley	64 years	Feb 2008	-	Director
Mr Robert Adderley	37 years	Apr 2021	-	Director
Mr Steven Fitzpatrick	42 years	Apr 2021	-	Director

P&L

October 2023

turnover

1.8m

-5%

operating profit

-206.9k

gross margin

18%

-10.35%

turnover

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

Balance Sheet

October 2023

net assets

886.3k

-0.18%

total assets

1.1m

-0.21%

cash

360.6k

+1.78%

net assets

Total assets minus all liabilities

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2.5

company number

05592264

Type

Private limited with Share Capital

industry

20160 - Manufacture of plastics in primary forms

incorporation date

October 2005

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

unit 16 glossop brook business, park surrey street, glossop, derbyshire sk13 7aj, SK13 8GG

last accounts submitted

October 2023

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 gap plastics limited. Currently there are 1 open charges and 3 have been satisfied in the past.

gap plastics limited Company Information

gap plastics limited Estimated Valuation

gap plastics limited Estimated Valuation

gap plastics limited Estimated Valuation

Gap Plastics Limited Overview

Gap Plastics Limited Health Check

GAP PLASTICS LIMITED financials

gap plastics limited Credit Report and Business Information

Gap Plastics Limited Competitor Analysis

gap plastics limited Ownership

gap plastics limited directors

gap plastics limited company details

gap plastics limited Charges & Mortgages

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