Packsafe Products Ltd

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packsafe products ltd Company Information

Live

EstablishedMicroDeclining

Company Number

06915215

Website

www.packsafeproducts.co.uk

Registered Address

341 lytham road, blackpool, lancashire, FY4 1DS

Industry

Retail sale via mail order houses or via Internet

Telephone

03451635180

Next Accounts Due

June 2025

Group Structure

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Directors

Raja Reddy15 Years

Shareholders

anita sivaram 50%

raja prabhakar reddy 50%

packsafe products ltd Estimated Valuation

£56.4k

Pomanda estimates the enterprise value of PACKSAFE PRODUCTS LTD at £56.4k based on a Turnover of £242.9k and 0.23x industry multiple (adjusted for size and gross margin).

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Packsafe Products Ltd is a live company located in lancashire, FY4 1DS with a Companies House number of 06915215. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in May 2009, it's largest shareholder is anita sivaram with a 50% stake. Packsafe Products Ltd is a established, micro sized company, Pomanda has estimated its turnover at £242.9k with declining growth in recent years.

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Pomanda's financial health check has awarded Packsafe Products Ltd a 1 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 Rating1out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £242.9k, make it smaller than the average company (£325.8k)

Growth

3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (5.5%)

EXPORT

Packsafe Products Ltd's latest turnover from September 2023 is estimated at £242.9 thousand and the company has net assets of -£71.8 thousand. According to their latest financial statements, Packsafe Products Ltd has 2 employees and maintains cash reserves of 0 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	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010
Turnover	242,889	309,607	291,949	337,716	177,201	281,057	406,917	533,883	459,679	434,606	373,890	90,475	88,654	10,691
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	194,442	244,494	225,217	262,492	133,473	215,028	309,585	407,073	340,958	321,670	265,050	66,009	66,583	7,747
Gross Profit	48,448	65,113	66,732	75,224	43,728	66,028	97,332	126,810	118,721	112,937	108,840	24,467	22,071	2,944
Admin Expenses	67,412	93,951	78,052	90,416	44,014	65,595	96,349	125,868	132,762	114,012	102,076	23,946	7,454	3,689
Operating Profit	-18,964	-28,838	-11,320	-15,192	-286	433	983	942	-14,041	-1,075	6,764	521	14,617	-745
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	3	29	46	101	127	72	25
Pre-Tax Profit	-18,964	-28,838	-11,320	-15,192	-286	433	983	945	-14,012	-1,029	6,865	647	14,689	-720
Tax	0	0	0	0	0	-82	-187	-189	0	0	-1,579	-155	-3,819	0
Profit After Tax	-18,964	-28,838	-11,320	-15,192	-286	351	796	756	-14,012	-1,029	5,286	492	10,870	-720
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-18,964	-28,838	-11,320	-15,192	-286	351	796	756	-14,012	-1,029	5,286	492	10,870	-720
Employee Costs	55,037	54,046	54,479	51,197	55,258	60,500	56,177	54,362	54,704	54,674	52,544	25,325	25,882	26,914
Number Of Employees	2	2	2	2	2	2	2	2	2	2	2	1	1	1
EBITDA*	-18,964	-28,838	-11,320	-15,192	-286	433	983	942	-12,402	125	7,838	1,760	15,149	-564

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010
Tangible Assets	0	0	141	1,328	2,195	3,739	5,483	13,858	3,055	4,694	2,595	3,669	4,908	339
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	0	0	141	1,328	2,195	3,739	5,483	13,858	3,055	4,694	2,595	3,669	4,908	339
Stock & work in progress	0	0	0	0	0	0	0	0	3,586	3,586	3,586	3,586	6,396	0
Trade Debtors	40,393	72,173	87,237	107,134	49,048	73,863	116,899	119,459	83,730	74,649	67,086	10,140	11,760	303
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	2,240	9,465	8,749	31,770	18,924	9,959
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	40,393	72,173	87,237	107,134	49,048	73,863	116,899	119,459	89,556	87,700	79,421	45,496	37,080	10,262
total assets	40,393	72,173	87,378	108,462	51,243	77,602	122,382	133,317	92,611	92,394	82,016	49,165	41,988	10,601
Bank overdraft	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
Trade Creditors	95,744	100,854	83,269	91,150	48,739	68,239	106,854	115,089	90,364	71,284	53,574	36,283	28,598	7,128
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	95,744	100,854	83,269	91,150	48,739	68,239	106,854	115,089	90,364	71,284	53,574	36,283	28,598	7,128
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	1,800	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	16,459	22,365	28,117	30,000	0	6,573	13,089	16,585	1,260	6,111	12,414	2,140	3,140	4,093
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	16,459	24,165	28,117	30,000	0	6,573	13,089	16,585	1,260	6,111	12,414	2,140	3,140	4,093
total liabilities	112,203	125,019	111,386	121,150	48,739	74,812	119,943	131,674	91,624	77,395	65,988	38,423	31,738	11,221
net assets	-71,810	-52,846	-24,008	-12,688	2,504	2,790	2,439	1,643	987	14,999	16,028	10,742	10,250	-620
total shareholders funds	-71,810	-52,846	-24,008	-12,688	2,504	2,790	2,439	1,643	987	14,999	16,028	10,742	10,250	-620

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010
Operating Activities
Operating Profit	-18,964	-28,838	-11,320	-15,192	-286	433	983	942	-14,041	-1,075	6,764	521	14,617	-745
Depreciation	0	0	0	0	0	0	0	0	1,639	1,200	1,074	1,239	532	181
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	-82	-187	-189	0	0	-1,579	-155	-3,819	0
Stock	0	0	0	0	0	0	0	-3,586	0	0	0	-2,810	6,396	0
Debtors	-31,780	-15,064	-19,897	58,086	-24,815	-43,036	-2,560	35,729	9,081	7,563	56,946	-1,620	11,457	303
Creditors	-5,110	17,585	-7,881	42,411	-19,500	-38,615	-8,235	24,725	19,080	17,710	17,291	7,685	21,470	7,128
Accruals and Deferred Income	-1,800	1,800	0	0	0	0	0	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	5,906	5,611	696	-30,867	5,029	4,772	-4,879	-6,665	-2,403	10,272	-33,396	13,720	14,947	6,261
Investing Activities
capital expenditure	0	141	1,187	867	1,544	1,744	8,375	-10,803	0	-3,299	0	0	-5,101	-520
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	141	1,187	867	1,544	1,744	8,375	-10,803	0	-3,299	0	0	-5,101	-520
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	-5,906	-5,752	-1,883	30,000	-6,573	-6,516	-3,496	15,325	-4,851	-6,303	10,274	-1,000	-953	4,093
share issue	0	0	0	0	0	0	0	-100	0	0	0	0	0	100
interest	0	0	0	0	0	0	0	3	29	46	101	127	72	25
cash flow from financing	-5,906	-5,752	-1,883	30,000	-6,573	-6,516	-3,496	15,228	-4,822	-6,257	10,375	-873	-881	4,218
cash and cash equivalents
cash	0	0	0	0	0	0	0	-2,240	-7,225	716	-23,021	12,846	8,965	9,959
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-2,240	-7,225	716	-23,021	12,846	8,965	9,959

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for packsafe products ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in FY4 area or any other competitors across 12 key performance metrics.

PACKSAFE PRODUCTS LTD group structure

Packsafe Products Ltd has no subsidiary companies.

Ultimate parent company

PACKSAFE PRODUCTS LTD

06915215

PACKSAFE PRODUCTS LTD Shareholders

anita sivaram	50%
raja prabhakar reddy	50%

Packsafe Products Ltd currently has 1 director, Mr Raja Reddy serving since May 2009.

officer	country	age	start	end	role
Mr Raja Reddy	United Kingdom	50 years	May 2009	-	Director

P&L

September 2023

turnover

242.9k

-22%

operating profit

-19k

gross margin

20%

-5.16%

turnover

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

Balance Sheet

September 2023

net assets

-71.8k

+0.36%

total assets

40.4k

-0.44%

cash

net assets

Total assets minus all liabilities

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1.5

company number

06915215

Type

Private limited with Share Capital

industry

47910 - Retail sale via mail order houses or via Internet

incorporation date

May 2009

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

September 2023

address

341 lytham road, blackpool, lancashire, FY4 1DS

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 1 charges/mortgages relating to packsafe products ltd. Currently there are 1 open charges and 0 have been satisfied in the past.

packsafe products ltd Company Information

packsafe products ltd Estimated Valuation

packsafe products ltd Estimated Valuation

packsafe products ltd Estimated Valuation

Packsafe Products Ltd Overview

Packsafe Products Ltd Health Check

PACKSAFE PRODUCTS LTD financials

packsafe products ltd Credit Report and Business Information

Packsafe Products Ltd Competitor Analysis

packsafe products ltd Ownership

packsafe products ltd directors

packsafe products ltd company details

packsafe products ltd Charges & Mortgages

packsafe products ltd Companies House Filings - See Documents