Plastic Shims & Gaskets Co. Limited

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plastic shims & gaskets co. limited Company Information

Live

EstablishedSmallDeclining

Company Number

06252479

Website

plasticshimsandgaskets.co.uk

Registered Address

polymex house, unit 9 sketchley meadows, hinckley, leicestershire, LE10 3EN

Industry

Other manufacturing n.e.c.

Telephone

02077409705

Next Accounts Due

June 2025

Group Structure

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Directors

Lawrence Gardezi17 Years

Steven Tierney4 Years

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Shareholders

psg group international limited 100%

plastic shims & gaskets co. limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of PLASTIC SHIMS & GASKETS CO. LIMITED at £1.1m based on a Turnover of £2m and 0.53x industry multiple (adjusted for size and gross margin).

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Plastic Shims & Gaskets Co. Limited is a live company located in hinckley, LE10 3EN with a Companies House number of 06252479. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in May 2007, it's largest shareholder is psg group international limited with a 100% stake. Plastic Shims & Gaskets Co. Limited is a established, small sized company, Pomanda has estimated its turnover at £2m with declining growth in recent years.

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Pomanda's financial health check has awarded Plastic Shims & Gaskets Co. Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

1 Regular

7 Weak

Size

annual sales of £2m, make it smaller than the average company (£13.6m)

Growth

3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (4.7%)

EXPORT

Plastic Shims & Gaskets Co. Limited's latest turnover from September 2023 is estimated at £2 million and the company has net assets of £1.1 million. According to their latest financial statements, Plastic Shims & Gaskets Co. Limited has 20 employees and maintains cash reserves of £373.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Turnover	2,005,535	1,659,599	1,720,286	3,323,521	2,651,007	2,485,439	1,557,218
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	1,602,843	1,331,892	1,390,699	2,662,539	2,106,037	1,960,946	1,209,771
Gross Profit	402,692	327,707	329,587	660,982	544,970	524,493	347,447
Admin Expenses	227,958	179,108	280,434	629,308	398,910	380,052	-333,053
Operating Profit	174,734	148,599	49,153	31,674	146,060	144,441	680,500
Interest Payable	2,249	9,222	5,572	0	0	0	0
Interest Receivable	16,097	7,888	323	203	1,740	1,464	146
Pre-Tax Profit	188,583	147,264	43,904	31,877	147,800	145,905	680,646
Tax	-47,146	-27,980	-8,342	-6,057	-28,082	-27,722	-129,323
Profit After Tax	141,437	119,284	35,562	25,820	119,718	118,183	551,323
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	141,437	119,284	35,562	25,820	119,718	118,183	551,323
Employee Costs	816,072	895,860	928,665	880,466	719,538	140,976	67,771
Number Of Employees	20	23	25	24	20	4	2
EBITDA*	217,359	192,970	101,693	81,371	173,270	188,753	715,700

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016
Tangible Assets	263,909	297,357	323,858	321,410	311,856	247,683	140,800	0
Intangible Assets	68,277	59,662	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0
Total Fixed Assets	332,186	357,019	323,858	321,410	311,856	247,683	140,800	0
Stock & work in progress	590,337	482,307	384,966	560,516	644,348	820,167	0	0
Trade Debtors	405,495	447,970	498,501	923,553	642,080	584,814	666,332	0
Group Debtors	0	0	62,938	0	0	0	0	0
Misc Debtors	0	0	55,198	0	0	133,058	0	100
Cash	373,506	270,375	430,773	214,919	190,298	273,722	116,636	0
misc current assets	0	0	0	0	0	0	0	0
total current assets	1,369,338	1,200,652	1,432,376	1,698,988	1,476,726	1,811,761	782,968	100
total assets	1,701,524	1,557,671	1,756,234	2,020,398	1,788,582	2,059,444	923,768	100
Bank overdraft	0	40,884	182,688	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0
Trade Creditors	590,097	149,278	201,483	1,005,254	999,258	1,366,736	193,767	0
Group/Directors Accounts	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0
other current liabilities	0	397,519	521,357	0	0	23,102	178,578	0
total current liabilities	590,097	587,681	905,528	1,005,254	999,258	1,389,838	372,345	0
loans	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0
other liabilities	0	0	0	200,000	0	0	0	0
provisions	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	200,000	0	0	0	0
total liabilities	590,097	587,681	905,528	1,205,254	999,258	1,389,838	372,345	0
net assets	1,111,427	969,990	850,706	815,144	789,324	669,606	551,423	100
total shareholders funds	1,111,427	969,990	850,706	815,144	789,324	669,606	551,423	100

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	174,734	148,599	49,153	31,674	146,060	144,441	680,500	0	0	0	0	0	0	0
Depreciation	42,625	44,371	52,540	49,697	27,210	44,312	35,200	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-47,146	-27,980	-8,342	-6,057	-28,082	-27,722	-129,323	0	0	0	0	0	0	0
Stock	108,030	97,341	-175,550	-83,832	-175,819	820,167	0	0	0	0	0	0	0	0
Debtors	-42,475	-168,667	-306,916	281,473	-75,792	51,540	666,232	100	0	0	0	0	0	0
Creditors	440,819	-52,205	-803,771	5,996	-367,478	1,172,969	193,767	0	0	0	0	0	0	0
Accruals and Deferred Income	-397,519	-123,838	521,357	0	-23,102	-155,476	178,578	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	147,958	60,273	293,403	-116,331	6,219	306,817	292,490	-100	0	0	0	0	0	0
Investing Activities
capital expenditure	-17,792	-77,532	-54,988	-59,251	-91,383	-151,195	-176,000	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-17,792	-77,532	-54,988	-59,251	-91,383	-151,195	-176,000	0	0	0	0	0	0	0
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	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	-200,000	200,000	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	100	0	0	0	0	0	0
interest	13,848	-1,334	-5,249	203	1,740	1,464	146	0	0	0	0	0	0	0
cash flow from financing	13,848	-1,334	-205,249	200,203	1,740	1,464	146	100	0	0	0	0	0	0
cash and cash equivalents
cash	103,131	-160,398	215,854	24,621	-83,424	157,086	116,636	0	0	0	0	0	0	0
overdraft	-40,884	-141,804	182,688	0	0	0	0	0	0	0	0	0	0	0
change in cash	144,015	-18,594	33,166	24,621	-83,424	157,086	116,636	0	0	0	0	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PLASTIC SHIMS & GASKETS CO. LIMITED group structure

Plastic Shims & Gaskets Co. Limited has no subsidiary companies.

Ultimate parent company

PSG GROUP INTERNATIONAL LIMITED

12488386

1 parent

PLASTIC SHIMS & GASKETS CO. LIMITED

06252479

PLASTIC SHIMS & GASKETS CO. LIMITED Shareholders

psg group international limited

100%

Plastic Shims & Gaskets Co. Limited currently has 3 directors. The longest serving directors include Mr Lawrence Gardezi (May 2007) and Mr Steven Tierney (Oct 2019).

officer	country	age	start	end	role
Mr Lawrence Gardezi		49 years	May 2007	-	Director
Mr Steven Tierney	United Kingdom	57 years	Oct 2019	-	Director
Mr Adrian Walczak	United Kingdom	41 years	Jan 2022	-	Director

P&L

September 2023

turnover

+21%

operating profit

174.7k

gross margin

20.1%

+1.69%

turnover

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

Balance Sheet

September 2023

net assets

1.1m

+0.15%

total assets

1.7m

+0.09%

cash

373.5k

+0.38%

net assets

Total assets minus all liabilities

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company number

06252479

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

May 2007

accounts

Unaudited Abridged

ultimate parent company

PSG GROUP INTERNATIONAL LIMITED

previous names

fiveport limited (July 2007)

last accounts submitted

September 2023

address

polymex house, unit 9 sketchley meadows, hinckley, leicestershire, LE10 3EN

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 plastic shims & gaskets co. limited.

plastic shims & gaskets co. limited Company Information

plastic shims & gaskets co. limited Estimated Valuation

plastic shims & gaskets co. limited Estimated Valuation

plastic shims & gaskets co. limited Estimated Valuation

Plastic Shims & Gaskets Co. Limited Overview

Plastic Shims & Gaskets Co. Limited Health Check

PLASTIC SHIMS & GASKETS CO. LIMITED financials

plastic shims & gaskets co. limited Credit Report and Business Information

Plastic Shims & Gaskets Co. Limited Competitor Analysis

plastic shims & gaskets co. limited Ownership

plastic shims & gaskets co. limited directors

plastic shims & gaskets co. limited company details

plastic shims & gaskets co. limited Charges & Mortgages

plastic shims & gaskets co. limited Companies House Filings - See Documents