first packaging services limitedEstimated Valuation
£1.1m
Pomanda estimates the enterprise value of FIRST PACKAGING SERVICES LIMITED at £1.1m based on a Turnover of £1.9m and 0.58x industry multiple (adjusted for size and gross margin).
first packaging services limitedEstimated Valuation
£605.6k
Pomanda estimates the enterprise value of FIRST PACKAGING SERVICES LIMITED at £605.6k based on an EBITDA of £171.1k and a 3.54x industry multiple (adjusted for size and gross margin).
first packaging services limitedEstimated Valuation
£1.7m
Pomanda estimates the enterprise value of FIRST PACKAGING SERVICES LIMITED at £1.7m based on Net Assets of £708.5k and 2.38x industry multiple (adjusted for liquidity).
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First Packaging Services LimitedOverview
First Packaging Services Limited is a live company located in manchester, M1 3BE with a Companies House number of 06660841. It operates in the packaging activities sector, SIC Code 82920. Founded in July 2008, it's largest shareholder is
jcco 222 limited
with a 100% stake. First Packaging Services Limited is a established,
small sized company, Pomanda has estimated its turnover at
£1.9m with
low
growth in recent years.
Pomanda's financial health check has awarded First Packaging Services 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 £1.9m, make it smaller than the average company (£12.7m)
£1.9m - First Packaging Services Limited
£12.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (6.1%)
0% - First Packaging Services Limited
6.1% - Industry AVG
Production
with a gross margin of 25.3%, this company has a comparable cost of product (25.3%)
25.3% - First Packaging Services Limited
25.3% - Industry AVG
Profitability
an operating margin of 7.5% make it more profitable than the average company (4.5%)
7.5% - First Packaging Services Limited
4.5% - Industry AVG
Employees
with 12 employees, this is below the industry average (42)
12 - First Packaging Services Limited
42 - Industry AVG
Pay Structure
on an average salary of £40.6k, the company has an equivalent pay structure (£40.6k)
£40.6k - First Packaging Services Limited
£40.6k - Industry AVG
Efficiency
resulting in sales per employee of £155.1k, this is less efficient (£233k)
£155.1k - First Packaging Services Limited
£233k - Industry AVG
Debtor Days
it gets paid by customers after 53 days, this is near the average (57 days)
53 days - First Packaging Services Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 92 days, this is slower than average (38 days)
92 days - First Packaging Services Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 6 days, this is less than average (46 days)
6 days - First Packaging Services Limited
46 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 2 weeks, this is less cash available to meet short term requirements (11 weeks)
2 weeks - First Packaging Services Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 50.3%, this is a lower level of debt than the average (68.3%)
50.3% - First Packaging Services Limited
68.3% - Industry AVG
FIRST PACKAGING SERVICES LIMITED financials
EXPORT
First Packaging Services Limited's latest turnover from December 2023 is estimated at £1.9 million and the company has net assets of £708.5 thousand. According to their latest financial statements, First Packaging Services Limited has 12 employees and maintains cash reserves of £31.1 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Jul 2022
Jul 2021
Jul 2020
Jul 2019
Jul 2018
Jul 2017
Jul 2016
Jul 2015
Jul 2014
Jul 2013
Jul 2012
Jul 2011
Jul 2010
Jul 2009
Turnover
1,861,676
2,029,927
3,139,015
1,855,733
2,824,476
2,725,717
2,497,506
2,151,290
1,903,968
1,848,994
1,904,275
1,552,298
1,371,761
1,006,117
Other Income Or Grants
Cost Of Sales
1,390,485
1,552,347
2,366,129
1,426,214
2,155,230
1,996,818
1,817,721
1,600,043
1,450,726
1,394,135
1,423,515
1,158,515
1,008,791
754,597
Gross Profit
471,192
477,580
772,886
429,519
669,246
728,899
679,785
551,247
453,241
454,859
480,760
393,784
362,970
251,521
Admin Expenses
331,729
322,069
680,335
390,953
637,170
659,679
561,858
502,643
404,434
357,307
362,834
391,226
316,085
252,635
-24,357
Operating Profit
139,463
155,511
92,551
38,566
32,076
69,220
117,927
48,604
48,807
97,552
117,926
2,558
46,885
-1,114
24,357
Interest Payable
22,935
30,938
24,820
6,377
11,872
23,303
18,593
7,467
Interest Receivable
2,841
2,715
212
110
2,164
1,859
788
1,339
942
511
460
403
201
343
215
Pre-Tax Profit
119,369
127,288
67,943
32,299
22,368
47,777
100,121
42,476
49,749
98,063
118,386
2,961
47,086
-771
24,572
Tax
-29,842
-24,185
-12,909
-6,137
-4,250
-9,078
-19,023
-8,495
-9,950
-20,593
-27,229
-711
-12,242
-6,880
Profit After Tax
89,527
103,103
55,034
26,162
18,118
38,699
81,098
33,981
39,799
77,470
91,157
2,250
34,844
-771
17,692
Dividends Paid
Retained Profit
89,527
103,103
55,034
26,162
18,118
38,699
81,098
33,981
39,799
77,470
91,157
2,250
34,844
-771
17,692
Employee Costs
486,714
453,110
509,807
580,286
717,464
781,296
702,210
704,501
410,000
374,965
367,502
320,775
295,376
249,902
Number Of Employees
12
12
15
18
21
22
22
24
14
13
12
10
10
9
EBITDA*
171,136
184,460
127,966
79,669
77,927
124,240
183,376
111,529
88,473
141,438
160,117
38,983
70,243
17,223
44,407
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Jul 2022
Jul 2021
Jul 2020
Jul 2019
Jul 2018
Jul 2017
Jul 2016
Jul 2015
Jul 2014
Jul 2013
Jul 2012
Jul 2011
Jul 2010
Jul 2009
Tangible Assets
104,038
135,483
170,128
191,894
218,162
256,241
346,062
287,683
273,898
245,696
225,904
195,958
118,425
88,534
73,093
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
104,038
135,483
170,128
191,894
218,162
256,241
346,062
287,683
273,898
245,696
225,904
195,958
118,425
88,534
73,093
Stock & work in progress
25,736
44,175
71,531
59,178
108,275
111,685
91,843
79,800
32,952
35,750
20,875
43,762
49,486
45,125
18,725
Trade Debtors
275,022
478,456
691,699
343,172
529,969
640,517
582,039
401,311
369,743
387,483
378,988
273,543
294,348
216,693
137,007
Group Debtors
927,345
897,345
552,345
530,000
Misc Debtors
61,299
80,756
31,352
8,027
204,712
33,804
9,684
12,249
Cash
31,110
77,124
357,201
67,455
152,418
424,633
318,980
311,259
224,337
152,391
52,136
131,835
29,226
51,350
85,925
misc current assets
total current assets
1,320,512
1,577,856
1,704,128
1,007,832
995,374
1,210,639
1,002,546
804,619
627,032
575,624
451,999
449,140
373,060
313,168
241,657
total assets
1,424,550
1,713,339
1,874,256
1,199,726
1,213,536
1,466,880
1,348,608
1,092,302
900,930
821,320
677,903
645,098
491,485
401,702
314,750
Bank overdraft
292,507
209,095
351,757
365,246
229,743
Bank loan
63,400
63,400
Trade Creditors
354,056
336,994
607,805
308,083
641,954
510,009
393,237
318,354
545,333
509,267
449,430
464,797
324,266
277,174
195,735
Group/Directors Accounts
29,000
79,000
other short term finances
hp & lease commitments
other current liabilities
187,532
485,730
87,766
106,521
80,633
112,107
89,119
104,611
total current liabilities
604,988
886,124
1,017,078
702,699
722,587
973,873
847,602
652,708
545,333
509,267
449,430
464,797
324,266
277,174
195,735
loans
95,560
185,377
312,177
hp & lease commitments
Accruals and Deferred Income
other liabilities
20,084
33,480
75,364
99,601
48,232
provisions
15,539
22,902
29,168
36,228
36,228
43,008
47,822
43,271
44,624
39,336
33,226
26,211
15,379
7,532
1,248
total long term liabilities
111,099
208,279
341,345
36,228
56,312
76,488
123,186
142,872
92,856
39,336
33,226
26,211
15,379
7,532
1,248
total liabilities
716,087
1,094,403
1,358,423
738,927
778,899
1,050,361
970,788
795,580
638,189
548,603
482,656
491,008
339,645
284,706
196,983
net assets
708,463
618,936
515,833
460,799
434,637
416,519
377,820
296,722
262,741
272,717
195,247
154,090
151,840
116,996
117,767
total shareholders funds
708,463
618,936
515,833
460,799
434,637
416,519
377,820
296,722
262,741
272,717
195,247
154,090
151,840
116,996
117,767
Dec 2023
Jul 2022
Jul 2021
Jul 2020
Jul 2019
Jul 2018
Jul 2017
Jul 2016
Jul 2015
Jul 2014
Jul 2013
Jul 2012
Jul 2011
Jul 2010
Jul 2009
Operating Activities
Operating Profit
139,463
155,511
92,551
38,566
32,076
69,220
117,927
48,604
48,807
97,552
117,926
2,558
46,885
-1,114
24,357
Depreciation
31,673
28,949
35,415
41,103
45,851
55,020
65,449
62,925
39,666
43,886
42,191
36,425
23,358
18,337
20,050
Amortisation
Tax
-29,842
-24,185
-12,909
-6,137
-4,250
-9,078
-19,023
-8,495
-9,950
-20,593
-27,229
-711
-12,242
-6,880
Stock
-18,439
-27,356
12,353
-49,097
-3,410
19,842
12,043
46,848
-2,798
14,875
-22,887
-5,724
4,361
26,400
18,725
Debtors
-192,891
181,161
394,197
146,518
60,360
82,598
178,163
43,817
-17,740
8,495
105,445
-20,805
77,655
79,686
137,007
Creditors
17,062
-270,811
299,722
-333,871
131,945
116,772
74,883
-226,979
36,066
59,837
-15,367
140,531
47,092
81,439
195,735
Accruals and Deferred Income
-298,198
397,964
-18,755
25,888
-31,474
22,988
-15,492
104,611
Deferred Taxes & Provisions
-7,363
-6,266
-7,060
-6,780
-4,814
4,551
-1,353
5,288
6,110
7,015
10,832
7,847
6,284
1,248
Cash flow from operations
64,125
127,357
-17,586
-331,872
110,418
147,668
38,089
-111,352
140,415
163,422
41,978
216,164
30,924
-1,140
78,778
Investing Activities
capital expenditure
-228
5,696
-13,649
-14,835
-7,772
34,801
-123,828
-76,710
-67,868
-63,678
-72,137
-113,958
-53,249
-33,778
-93,143
Change in Investments
cash flow from investments
-228
5,696
-13,649
-14,835
-7,772
34,801
-123,828
-76,710
-67,868
-63,678
-72,137
-113,958
-53,249
-33,778
-93,143
Financing Activities
Bank loans
63,400
Group/Directors Accounts
-29,000
-50,000
79,000
Other Short Term Loans
Long term loans
-89,817
-126,800
312,177
Hire Purchase and Lease Commitments
other long term liabilities
-20,084
-13,396
-41,884
-24,237
51,369
48,232
share issue
-49,775
-50,000
100,075
interest
-20,094
-28,223
-24,608
-6,267
-9,708
-21,444
-17,805
-6,128
942
511
460
403
201
343
215
cash flow from financing
-109,911
-120,623
237,569
52,649
-23,104
-63,328
-42,042
45,241
-601
511
-49,540
403
201
343
100,290
cash and cash equivalents
cash
-46,014
-280,077
289,746
-84,963
-272,215
105,653
7,721
86,922
71,946
100,255
-79,699
102,609
-22,124
-34,575
85,925
overdraft
-292,507
83,412
209,095
-351,757
-13,489
135,503
229,743
change in cash
-46,014
12,430
206,334
-294,058
79,542
119,142
-127,782
-142,821
71,946
100,255
-79,699
102,609
-22,124
-34,575
85,925
first packaging services limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for first packaging services limited. Get real-time insights into first packaging services limited's credit score, group structure and payment trends.
First Packaging Services Limited Competitor Analysis
Perform a competitor analysis for first packaging services limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in M 1 area or any other competitors across 12 key performance metrics.
first packaging services limited Ownership
FIRST PACKAGING SERVICES LIMITED group structure
First Packaging Services Limited has no subsidiary companies.
The sole shareholder of First Packaging Services Limited is Jcco 222 Limited.
jcco 222 limited
100%
first packaging services limited directors
First Packaging Services Limited currently has 2 directors.
The longest serving directors include
Mr Adam Crichton- Prince (Jun 2024) and
Mr John McKeown (Jun 2024).
first packaging services 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 found 4 charges/mortgages relating to first packaging services limited. Currently there are 1 open charges and 3 have been satisfied in the past.
first packaging services limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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first packaging services limitedCompanies House Filings - See Documents
