Polyco Limited

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polyco limited Company Information

Live

EstablishedSmallDeclining

Company Number

06916369

Website

http://whoward.eu

Registered Address

lower green lane, astley, manchester, M29 7JZ

Industry

Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials

Telephone

01942881900

Next Accounts Due

September 2025

Group Structure

View All

Directors

Jonathan Grant15 Years

Shareholders

w howard group ltd 75%

jonathan alan grant 25%

polyco limited Estimated Valuation

£2m

Pomanda estimates the enterprise value of POLYCO LIMITED at £2m based on an EBITDA of £489.8k and a 4.13x industry multiple (adjusted for size and gross margin).

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Polyco Limited is a live company located in manchester, M29 7JZ with a Companies House number of 06916369. It operates in the manufacture of other products of wood sector, SIC Code 16290. Founded in May 2009, it's largest shareholder is w howard group ltd with a 75% stake. Polyco Limited is a established, small sized company, Pomanda has estimated its turnover at £1.2m with declining growth in recent years.

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Pomanda's financial health check has awarded Polyco Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

2 Strong

4 Regular

6 Weak

Size

annual sales of £1.2m, make it smaller than the average company (£14.1m)

Growth

3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (7%)

EXPORT

Polyco Limited's latest turnover from December 2023 is estimated at £1.2 million and the company has net assets of £1.2 million. According to their latest financial statements, Polyco Limited has 10 employees and maintains cash reserves of £124.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	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	1,221,015	1,352,609	1,769,094	1,940,343	2,903,108	3,823,428	2,061,931	2,344,107	2,303,579	3,415,060	2,578,066	2,197,177	2,850,949	2,980,154	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	860,826	989,735	1,293,313	1,400,832	2,084,303	2,766,983	1,477,560	1,646,540	1,678,406	2,512,122	1,888,856	1,617,218	2,105,534	2,157,221	0
Gross Profit	360,189	362,874	475,781	539,511	818,805	1,056,445	584,371	697,568	625,173	902,939	689,210	579,960	745,415	822,932	0
Admin Expenses	-41,521	208,043	323,848	467,402	749,724	997,752	425,594	409,640	451,642	701,180	683,912	557,926	721,897	808,703	-182,154
Operating Profit	401,710	154,831	151,933	72,109	69,081	58,693	158,777	287,928	173,531	201,759	5,298	22,034	23,518	14,229	182,154
Interest Payable	31,745	51,706	40,621	40,762	50,729	50,713	48,034	53,452	28,359	0	0	0	0	0	0
Interest Receivable	7,381	5,257	308	80	225	168	363	210	129	3	2	2	1	0	0
Pre-Tax Profit	377,345	108,381	111,620	31,427	18,578	8,148	111,106	234,686	145,301	201,762	5,300	22,036	23,519	14,229	182,154
Tax	-94,336	-20,592	-21,208	-5,971	-3,530	-1,548	-21,110	-46,937	-29,060	-42,370	-1,219	-5,289	-6,115	-3,984	-51,003
Profit After Tax	283,009	87,789	90,412	25,456	15,048	6,600	89,996	187,749	116,241	159,392	4,081	16,747	17,404	10,245	131,151
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	283,009	87,789	90,412	25,456	15,048	6,600	89,996	187,749	116,241	159,392	4,081	16,747	17,404	10,245	131,151
Employee Costs	358,815	385,371	368,618	354,605	792,569	520,368	518,526	523,715	404,519	694,859	524,952	444,957	550,223	634,461	0
Number Of Employees	10	12	12	12	28	19	19	19	15	27	21	18	22	26	0
EBITDA*	489,847	245,141	251,244	150,780	217,623	193,926	292,675	411,321	268,345	278,700	66,796	77,246	70,166	55,886	197,252

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	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	211,559	240,203	954,525	939,715	1,238,668	1,312,320	1,362,375	1,398,524	1,323,059	504,710	456,619	374,621	306,161	303,732	161,920
Intangible Assets	0	0	0	0	0	0	10,000	20,000	30,000	40,000	50,000	60,000	70,000	80,000	90,000
Investments & Other	800,000	649,038	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	1,011,559	889,241	954,525	939,715	1,238,668	1,312,320	1,372,375	1,418,524	1,353,059	544,710	506,619	434,621	376,161	383,732	251,920
Stock & work in progress	163,278	196,252	268,759	362,662	314,708	421,853	347,784	268,642	342,697	352,209	324,982	317,251	368,919	465,267	235,143
Trade Debtors	256,282	313,378	417,492	411,942	588,293	874,265	334,069	589,521	485,813	681,938	452,501	411,129	434,512	435,824	443,574
Group Debtors	0	175,000	123,870	76,214	0	85,152	3,057	0	6,069	0	0	0	0	0	0
Misc Debtors	215,426	15,739	25,412	142,492	70,951	24,750	28,576	20,626	108,542	0	0	0	0	0	0
Cash	124,823	170,400	129,974	116,557	43,544	16,564	28,155	117,221	51,144	411	674	316	316	16	156
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	759,809	870,769	965,507	1,109,867	1,017,496	1,422,584	741,641	996,010	994,265	1,034,558	778,157	728,696	803,747	901,107	678,873
total assets	1,771,368	1,760,010	1,920,032	2,049,582	2,256,164	2,734,904	2,114,016	2,414,534	2,347,324	1,579,268	1,284,776	1,163,317	1,179,908	1,284,839	930,793
Bank overdraft	92,630	237,992	330,427	389,535	0	520,024	261,974	436,852	452,365	0	0	0	0	0	0
Bank loan	0	0	0	0	324,699	0	0	0	0	0	0	0	0	0	0
Trade Creditors	30,237	22,541	160,549	221,147	409,072	798,797	415,643	248,939	319,277	728,831	532,652	357,444	588,768	553,837	724,529
Group/Directors Accounts	116,493	90,538	0	0	39,072	0	0	300,498	412,156	0	0	0	0	0	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	21,816	28,650	48,496	22,165	25,680	0	0	0	0	0	0
other current liabilities	239,494	92,192	152,207	232,659	231,448	141,002	81,442	141,744	57,864	0	0	0	0	0	0
total current liabilities	478,854	443,263	643,183	843,341	1,026,107	1,488,473	807,555	1,150,198	1,267,342	728,831	532,652	357,444	588,768	553,837	724,529
loans	0	246,563	273,559	306,353	315,867	342,494	378,111	401,045	420,205	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	28,362	12,081	39,871	59,636	45,512	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	94,933	102,500	128,000	128,000	128,000	128,000	0	0	0	0	0	0
other liabilities	0	77,867	86,400	0	0	0	0	0	0	511,413	572,492	630,322	432,336	589,602	75,109
provisions	51,190	34,002	46,364	24,841	28,670	24,246	27,469	32,641	31,000	0	0	0	0	0	0
total long term liabilities	51,190	358,432	406,323	426,127	475,399	506,821	573,451	621,322	624,717	511,413	572,492	630,322	432,336	589,602	75,109
total liabilities	530,044	801,695	1,049,506	1,269,468	1,501,506	1,995,294	1,381,006	1,771,520	1,892,059	1,240,244	1,105,144	987,766	1,021,104	1,143,439	799,638
net assets	1,241,324	958,315	870,526	780,114	754,658	739,610	733,010	643,014	455,265	339,024	179,632	175,551	158,804	141,400	131,155
total shareholders funds	1,241,324	958,315	870,526	780,114	754,658	739,610	733,010	643,014	455,265	339,024	179,632	175,551	158,804	141,400	131,155

	Dec 2023	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	401,710	154,831	151,933	72,109	69,081	58,693	158,777	287,928	173,531	201,759	5,298	22,034	23,518	14,229	182,154
Depreciation	88,137	90,310	99,311	78,671	148,542	125,233	123,898	113,393	84,814	66,941	51,498	45,212	36,648	31,657	5,098
Amortisation	0	0	0	0	0	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000
Tax	-94,336	-20,592	-21,208	-5,971	-3,530	-1,548	-21,110	-46,937	-29,060	-42,370	-1,219	-5,289	-6,115	-3,984	-51,003
Stock	-32,974	-72,507	-93,903	47,954	-107,145	74,069	79,142	-74,055	-9,512	27,227	7,731	-51,668	-96,348	230,124	235,143
Debtors	-32,409	-62,657	-63,874	-28,596	-324,923	618,465	-244,445	9,723	-81,514	229,437	41,372	-23,383	-1,312	-7,750	443,574
Creditors	7,696	-138,008	-60,598	-187,925	-389,725	383,154	166,704	-70,338	-409,554	196,179	175,208	-231,324	34,931	-170,692	724,529
Accruals and Deferred Income	147,302	-60,015	-175,385	-6,356	64,946	59,560	-60,302	83,880	185,864	0	0	0	0	0	0
Deferred Taxes & Provisions	17,188	-12,362	21,523	-3,829	4,424	-3,223	-5,172	1,641	31,000	0	0	0	0	0	0
Cash flow from operations	633,080	149,328	173,353	-72,659	325,806	-60,665	538,098	443,899	137,621	175,845	191,682	-84,316	196,642	-341,164	192,061
Investing Activities
capital expenditure	-59,493	624,012	-114,121	220,282	-74,890	-75,178	-87,749	-188,858	-903,163	-115,032	-133,496	-113,672	-39,077	-173,469	-267,018
Change in Investments	150,962	649,038	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-210,455	-25,026	-114,121	220,282	-74,890	-75,178	-87,749	-188,858	-903,163	-115,032	-133,496	-113,672	-39,077	-173,469	-267,018
Financing Activities
Bank loans	0	0	0	-324,699	324,699	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	25,955	90,538	0	-39,072	39,072	0	-300,498	-111,658	412,156	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-246,563	-26,996	-32,794	-9,514	-26,627	-35,617	-22,934	-19,160	420,205	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	-50,178	9,447	-47,636	6,566	10,609	71,192	0	0	0	0	0	0
other long term liabilities	-77,867	-8,533	86,400	0	0	0	0	0	-511,413	-61,079	-57,830	197,986	-157,266	514,493	75,109
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4
interest	-24,364	-46,449	-40,313	-40,682	-50,504	-50,545	-47,671	-53,242	-28,230	3	2	2	1	0	0
cash flow from financing	-322,839	8,560	13,293	-464,145	296,087	-133,798	-364,537	-173,451	363,910	-61,076	-57,828	197,988	-157,265	514,493	75,113
cash and cash equivalents
cash	-45,577	40,426	13,417	73,013	26,980	-11,591	-89,066	66,077	50,733	-263	358	0	300	-140	156
overdraft	-145,362	-92,435	-59,108	389,535	-520,024	258,050	-174,878	-15,513	452,365	0	0	0	0	0	0
change in cash	99,785	132,861	72,525	-316,522	547,004	-269,641	85,812	81,590	-401,632	-263	358	0	300	-140	156

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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POLYCO LIMITED group structure

Polyco Limited has no subsidiary companies.

Ultimate parent company

W HOWARD GROUP HOLDINGS LIMITED

15441408

W HOWARD GROUP LTD

04179813

2 parents

POLYCO LIMITED

06916369

POLYCO LIMITED Shareholders

w howard group ltd	75%
jonathan alan grant	25%

Polyco Limited currently has 1 director, Mr Jonathan Grant serving since Jul 2009.

officer	country	age	start	end	role
Mr Jonathan Grant		59 years	Jul 2009	-	Director

P&L

December 2023

turnover

1.2m

-10%

operating profit

401.7k

gross margin

29.5%

+9.96%

turnover

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

Balance Sheet

December 2023

net assets

1.2m

+0.3%

total assets

1.8m

+0.01%

cash

124.8k

-0.27%

net assets

Total assets minus all liabilities

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company number

06916369

Type

Private limited with Share Capital

industry

16290 - Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials

incorporation date

May 2009

ultimate parent company

W HOWARD GROUP HOLDINGS LIMITED

previous names

polyco (unit f) limited (August 2009)

yourco 118 limited (June 2009)

address

lower green lane, astley, manchester, M29 7JZ

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 5 charges/mortgages relating to polyco limited. Currently there are 2 open charges and 3 have been satisfied in the past.

polyco limited Company Information

polyco limited Estimated Valuation

polyco limited Estimated Valuation

polyco limited Estimated Valuation

Polyco Limited Overview

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POLYCO LIMITED financials

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