Packaging Innovations Uk Limited

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packaging innovations uk limited Company Information

Live

EstablishedSmallDeclining

Company Number

06690985

Website

www.packaginginnovations.co.uk

Registered Address

albion place albion place, maidstone, ME14 5EG

Industry

Packaging activities

Telephone

01795430064

Next Accounts Due

September 2024

Group Structure

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Directors

Nathan Hutchinson11 Years

Verity Hutchinson9 Years

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Shareholders

verity hutchinson & nathan hutchinson 75%

james radford & samantha radford 25%

packaging innovations uk limited Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of PACKAGING INNOVATIONS UK LIMITED at £1.6m based on a Turnover of £3.2m and 0.49x industry multiple (adjusted for size and gross margin).

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Packaging Innovations Uk Limited is a live company located in maidstone, ME14 5EG with a Companies House number of 06690985. It operates in the packaging activities sector, SIC Code 82920. Founded in September 2008, it's largest shareholder is verity hutchinson & nathan hutchinson with a 75% stake. Packaging Innovations Uk Limited is a established, small sized company, Pomanda has estimated its turnover at £3.2m with declining growth in recent years.

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Pomanda's financial health check has awarded Packaging Innovations Uk Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

3 Regular

8 Weak

Size

annual sales of £3.2m, make it smaller than the average company (£12.8m)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (5.2%)

EXPORT

Packaging Innovations Uk Limited's latest turnover from December 2022 is estimated at £3.2 million and the company has net assets of £160.4 thousand. According to their latest financial statements, Packaging Innovations Uk Limited has 12 employees and maintains cash reserves of £56.7 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	3,226,336	2,512,574	1,952,451	3,529,131	2,277,988	2,442,016	2,111,716	2,482,832	2,506,776	2,388,914	3,400,974	2,356,824	2,070,780	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,467,277	1,868,733	1,479,326	2,692,920	1,712,362	1,810,042	1,584,509	1,879,315	1,887,379	1,772,623	2,542,351	1,755,073	1,530,033	0
Gross Profit	759,059	643,841	473,126	836,211	565,626	631,974	527,207	603,517	619,397	616,291	858,623	601,751	540,748	0
Admin Expenses	894,282	382,217	413,753	766,291	520,266	598,703	523,749	590,373	624,896	580,499	861,075	582,083	485,942	-937
Operating Profit	-135,223	261,624	59,373	69,920	45,360	33,271	3,458	13,144	-5,499	35,792	-2,452	19,668	54,806	937
Interest Payable	13,396	20,044	36,852	39,578	31,484	29,856	25,250	11,908	0	0	0	0	0	0
Interest Receivable	1,533	63	80	700	199	46	26	64	90	90	69	91	137	75
Pre-Tax Profit	-147,086	241,643	22,601	31,042	14,075	3,460	-21,766	1,301	-5,409	35,882	-2,383	19,759	54,943	1,013
Tax	0	-45,912	-4,294	-5,898	-2,674	-657	0	-260	0	-8,253	0	-5,137	-15,384	-283
Profit After Tax	-147,086	195,731	18,307	25,144	11,401	2,803	-21,766	1,041	-5,409	27,629	-2,383	14,622	39,559	729
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-147,086	195,731	18,307	25,144	11,401	2,803	-21,766	1,041	-5,409	27,629	-2,383	14,622	39,559	729
Employee Costs	463,101	295,963	268,468	236,842	204,990	336,378	273,482	497,857	527,143	467,462	545,318	500,244	429,503	0
Number Of Employees	12	9	9	7	6	10	9	17	18	16	17	16	15	0
EBITDA*	-106,075	278,553	65,273	74,462	75,259	59,756	15,644	20,344	-286	38,408	-74	22,462	58,333	1,409

* 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	129,725	12,455	15,052	14,688	1,741	31,580	34,177	6,153	8,657	6,534	9,150	10,753	13,220	1,508
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)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	129,725	12,455	15,052	14,688	1,741	31,580	34,177	6,153	8,657	6,534	9,150	10,753	13,220	1,508
Stock & work in progress	276,734	352,861	197,994	220,441	218,662	317,415	341,830	350,261	358,057	289,914	241,569	224,182	166,092	42,450
Trade Debtors	1,015,971	719,793	549,503	1,037,965	635,364	572,422	434,475	474,315	349,140	383,453	623,091	439,561	418,500	111,831
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	54,072	42,320	44,330	92,943	36,704	50,160	50,212	17,247	0	9,000	0	0	0	0
Cash	56,668	30,957	19,610	141,036	45,596	7,487	10,745	9,737	16,036	19,850	16,033	11,763	24,643	30,010
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,403,445	1,145,931	811,437	1,492,385	936,326	947,484	837,262	851,560	723,233	702,217	880,693	675,506	609,235	184,291
total assets	1,533,170	1,158,386	826,489	1,507,073	938,067	979,064	871,439	857,713	731,890	708,751	889,843	686,259	622,455	185,799
Bank overdraft	30,000	16,633	405,245	704,025	431,971	443,288	399,848	366,389	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	158,927	138,488	51,819	580,948	309,971	385,170	310,035	241,090	555,312	527,195	735,386	529,681	388,794	62,487
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	21,989	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	973,669	560,024	168,638	112,992	103,637	53,924	58,833	173,115	0	0	0	0	0	0
total current liabilities	1,184,585	715,145	625,702	1,397,965	845,579	882,382	768,716	780,594	555,312	527,195	735,386	529,681	388,794	62,487
loans	102,020	133,367	86,150	12,847	23,831	33,757	41,766	0	0	0	0	0	0	0
hp & lease commitments	72,524	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	100,000	100,000	100,000	99,417	190,497	122,166
provisions	13,619	2,366	2,860	2,791	331	6,000	6,835	1,231	1,731	1,300	1,830	2,151	2,776	317
total long term liabilities	188,163	135,733	89,010	15,638	24,162	39,757	48,601	1,231	101,731	101,300	101,830	101,568	193,273	122,483
total liabilities	1,372,748	850,878	714,712	1,413,603	869,741	922,139	817,317	781,825	657,043	628,495	837,216	631,249	582,067	184,970
net assets	160,422	307,508	111,777	93,470	68,326	56,925	54,122	75,888	74,847	80,256	52,627	55,010	40,388	829
total shareholders funds	160,422	307,508	111,777	93,470	68,326	56,925	54,122	75,888	74,847	80,256	52,627	55,010	40,388	829

	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	-135,223	261,624	59,373	69,920	45,360	33,271	3,458	13,144	-5,499	35,792	-2,452	19,668	54,806	937
Depreciation	29,148	16,929	5,900	4,542	29,899	26,485	12,186	7,200	5,213	2,616	2,378	2,794	3,527	472
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-45,912	-4,294	-5,898	-2,674	-657	0	-260	0	-8,253	0	-5,137	-15,384	-283
Stock	-76,127	154,867	-22,447	1,779	-98,753	-24,415	-8,431	-7,796	68,143	48,345	17,387	58,090	123,642	42,450
Debtors	307,930	168,280	-537,075	458,840	49,486	137,895	-6,875	142,422	-43,313	-230,638	183,530	21,061	306,669	111,831
Creditors	20,439	86,669	-529,129	270,977	-75,199	75,135	68,945	-314,222	28,117	-208,191	205,705	140,887	326,307	62,487
Accruals and Deferred Income	413,645	391,386	55,646	9,355	49,713	-4,909	-114,282	173,115	0	0	0	0	0	0
Deferred Taxes & Provisions	11,253	-494	69	2,460	-5,669	-835	5,604	-500	431	-530	-321	-625	2,459	317
Cash flow from operations	107,459	387,055	147,087	-109,263	90,697	15,010	-8,783	-256,149	3,432	3,727	4,393	78,436	-58,596	-90,351
Investing Activities
capital expenditure	-146,418	-14,332	-6,264	-17,489	-60	-23,888	-40,210	-4,696	-7,336	0	-775	-327	-15,239	-1,980
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-146,418	-14,332	-6,264	-17,489	-60	-23,888	-40,210	-4,696	-7,336	0	-775	-327	-15,239	-1,980
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	-31,347	47,217	73,303	-10,984	-9,926	-8,009	41,766	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	94,513	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-100,000	0	0	583	-91,080	68,331	122,166
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-11,863	-19,981	-36,772	-38,878	-31,285	-29,810	-25,224	-11,844	90	90	69	91	137	75
cash flow from financing	51,303	27,236	36,531	-49,862	-41,211	-37,819	16,542	-111,844	90	90	652	-90,989	68,468	122,341
cash and cash equivalents
cash	25,711	11,347	-121,426	95,440	38,109	-3,258	1,008	-6,299	-3,814	3,817	4,270	-12,880	-5,367	30,010
overdraft	13,367	-388,612	-298,780	272,054	-11,317	43,440	33,459	366,389	0	0	0	0	0	0
change in cash	12,344	399,959	177,354	-176,614	49,426	-46,698	-32,451	-372,688	-3,814	3,817	4,270	-12,880	-5,367	30,010

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PACKAGING INNOVATIONS UK LIMITED group structure

Packaging Innovations Uk Limited has no subsidiary companies.

Ultimate parent company

PACKAGING INNOVATIONS UK LIMITED

06690985

PACKAGING INNOVATIONS UK LIMITED Shareholders

verity hutchinson & nathan hutchinson	75%
james radford & samantha radford	25%

Packaging Innovations Uk Limited currently has 3 directors. The longest serving directors include Mr Nathan Hutchinson (Jan 2013) and Mrs Verity Hutchinson (Mar 2015).

officer	country	age	start	end	role
Mr Nathan Hutchinson	England	40 years	Jan 2013	-	Director
Mrs Verity Hutchinson	England	47 years	Mar 2015	-	Director
Mr James Radford	England	44 years	Oct 2022	-	Director

P&L

December 2022

turnover

3.2m

+28%

operating profit

-135.2k

gross margin

23.6%

-8.19%

turnover

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

Balance Sheet

December 2022

net assets

160.4k

-0.48%

total assets

1.5m

+0.32%

cash

56.7k

+0.83%

net assets

Total assets minus all liabilities

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company number

06690985

Type

Private limited with Share Capital

industry

82920 - Packaging activities

incorporation date

September 2008

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

albion place albion place, maidstone, ME14 5EG

last accounts submitted

December 2022

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 3 charges/mortgages relating to packaging innovations uk limited. Currently there are 1 open charges and 2 have been satisfied in the past.

packaging innovations uk limited Company Information

packaging innovations uk limited Estimated Valuation

packaging innovations uk limited Estimated Valuation

packaging innovations uk limited Estimated Valuation

Packaging Innovations Uk Limited Overview

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PACKAGING INNOVATIONS UK LIMITED financials

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packaging innovations uk limited Ownership

packaging innovations uk limited directors

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