Plastics Express Limited

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plastics express limited Company Information

Live

EstablishedSmallHigh

Company Number

07226042

Website

www.plastics-express.co.uk

Registered Address

75a st. james mill road, northampton, northamptonshire, NN5 5JP

Industry

Retail sale via mail order houses or via Internet

Telephone

08005610302

Next Accounts Due

December 2024

Group Structure

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Directors

Julian Kaye14 Years

Jason Croxford7 Years

Shareholders

jason croxford 50%

julian kaye 50%

plastics express limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of PLASTICS EXPRESS LIMITED at £1.5m based on Net Assets of £676.4k and 2.18x industry multiple (adjusted for liquidity).

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Plastics Express Limited is a live company located in northamptonshire, NN5 5JP with a Companies House number of 07226042. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in April 2010, it's largest shareholder is jason croxford with a 50% stake. Plastics Express Limited is a established, small sized company, Pomanda has estimated its turnover at £4.2m with high growth in recent years.

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Pomanda's financial health check has awarded Plastics Express Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

5 Regular

2 Weak

Size

annual sales of £4.2m, make it larger than the average company (£348k)

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (6.1%)

EXPORT

Plastics Express Limited's latest turnover from March 2023 is estimated at £4.2 million and the company has net assets of £676.4 thousand. According to their latest financial statements, Plastics Express Limited has 27 employees and maintains cash reserves of £43.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Turnover	4,204,666	2,752,039	2,761,956	2,491,555	2,556,584	1,478,478	1,235,916	1,430,934	5,080,017	1,860,560	0	2,651,249	889,165
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,664,919	1,716,525	1,716,804	1,579,968	1,546,862	893,467	753,680	875,322	3,037,676	1,102,210	0	1,576,445	524,672
Gross Profit	1,539,747	1,035,514	1,045,151	911,587	1,009,721	585,011	482,236	555,612	2,042,340	758,350	0	1,074,804	364,493
Admin Expenses	1,437,182	936,615	948,420	776,942	880,455	481,777	406,163	517,009	2,009,581	735,971	-8,412	1,058,073	349,683
Operating Profit	102,565	98,899	96,731	134,645	129,266	103,234	76,073	38,603	32,759	22,379	8,412	16,731	14,810
Interest Payable	2,563	3,375	2,265	1,429	1,591	1,535	1,045	350	6,496	11,608	5,112	0	0
Interest Receivable	1,148	558	130	84	261	115	45	44	52	118	156	129	55
Pre-Tax Profit	101,151	96,081	94,595	133,300	127,936	101,814	75,073	38,298	26,315	10,890	3,455	16,861	14,865
Tax	-19,219	-18,255	-17,973	-25,327	-24,308	-19,345	-15,014	-7,659	-5,526	-2,505	-829	-4,384	-4,162
Profit After Tax	81,932	77,826	76,622	107,973	103,628	82,469	60,058	30,638	20,789	8,385	2,626	12,477	10,703
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	81,932	77,826	76,622	107,973	103,628	82,469	60,058	30,638	20,789	8,385	2,626	12,477	10,703
Employee Costs	728,298	715,641	698,606	637,765	695,905	475,864	364,486	302,443	626,770	242,895	0	336,467	134,606
Number Of Employees	27	26	26	24	24	16	13	11	23	9	0	13	5
EBITDA*	143,507	138,563	116,767	144,474	139,764	103,234	88,005	52,150	47,719	24,426	9,009	16,731	14,810

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Tangible Assets	95,332	136,274	144,999	134,136	111,466	58,735	9,411	40,491	42,232	44,518	2,389	0	0
Intangible Assets	9,411	9,411	9,411	9,411	9,411	9,411	41,683	9,411	9,411	9,411	1,771	640	0
Investments & Other	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	146,826	0	0
Total Fixed Assets	104,743	145,685	154,410	143,547	120,877	68,146	51,094	49,902	51,643	53,929	150,986	640	0
Stock & work in progress	779,550	634,681	574,838	536,513	557,042	399,696	251,235	155,753	119,176	66,198	0	0	0
Trade Debtors	318,551	112,323	24,290	75,855	83,583	31,602	38,291	55,275	387,067	99,343	0	157,279	52,717
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	359,117	455,723	667,770	619,637	469,881	209,409	207,544	246,028	0	0	0	0	0
Cash	43,927	10,085	138,581	120,797	47,838	21,696	24,299	11,746	5,869	14,899	32,410	29,823	21,917
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,501,145	1,212,812	1,405,479	1,352,802	1,158,344	662,403	521,369	468,802	512,112	180,440	32,410	187,102	74,634
total assets	1,605,888	1,358,497	1,559,889	1,496,349	1,279,221	730,549	572,463	518,704	563,755	234,369	183,396	187,742	74,634
Bank overdraft	0	0	0	24,272	22,588	24,548	22,687	10,766	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	672,529	505,152	724,430	653,196	604,223	303,317	211,157	195,847	338,475	0	0	164,262	63,631
Group/Directors Accounts	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	199,878	157,290	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	256,933	173,808	177,142	142,695	127,258	168,255	140,360	60,673	0	0	0	0	0
total current liabilities	929,462	678,960	901,572	820,163	754,069	496,120	374,204	267,286	338,475	199,878	157,290	164,262	63,631
loans	0	50,000	50,000	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	35,043	91,649	236,140	193,079	5,984	52,283	165,500	170,000	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	85,043	141,649	236,140	193,079	5,984	52,283	165,500	170,000	0	0	0	0
total liabilities	929,462	764,003	1,043,221	1,056,303	947,148	502,104	426,487	432,786	508,475	199,878	157,290	164,262	63,631
net assets	676,426	594,494	516,668	440,046	332,073	228,445	145,976	85,918	55,280	34,491	26,106	23,480	11,003
total shareholders funds	676,426	594,494	516,668	440,046	332,073	228,445	145,976	85,918	55,280	34,491	26,106	23,480	11,003

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Operating Activities
Operating Profit	102,565	98,899	96,731	134,645	129,266	103,234	76,073	38,603	32,759	22,379	8,412	16,731	14,810
Depreciation	40,942	39,664	20,036	9,829	10,498	0	11,932	13,547	14,960	2,047	597	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-19,219	-18,255	-17,973	-25,327	-24,308	-19,345	-15,014	-7,659	-5,526	-2,505	-829	-4,384	-4,162
Stock	144,869	59,843	38,325	-20,529	157,346	148,461	95,482	36,577	52,978	66,198	0	0	0
Debtors	109,622	-124,014	-3,432	142,028	312,453	-4,824	-55,468	-85,764	287,724	-47,483	-10,453	104,562	52,717
Creditors	167,377	-219,278	71,234	48,973	300,906	92,160	15,310	-142,628	338,475	0	-164,262	100,631	63,631
Accruals and Deferred Income	83,125	-3,334	34,447	15,437	-40,997	27,895	79,687	60,673	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	120,299	-38,133	169,582	62,058	-94,434	60,307	127,974	11,723	39,966	3,206	-145,629	8,416	21,562
Investing Activities
capital expenditure	0	-30,939	-30,899	-32,499	-63,229	-17,052	-13,124	-11,806	-12,674	-51,816	-4,117	-640	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-30,939	-30,899	-32,499	-63,229	-17,052	-13,124	-11,806	-12,674	-51,816	-4,117	-640	0
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	-199,878	42,588	157,290	0	0
Long term loans	-50,000	0	50,000	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
other long term liabilities	-35,043	-56,606	-144,491	43,061	187,095	-46,299	-113,217	-4,500	170,000	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	300
interest	-1,415	-2,817	-2,135	-1,345	-1,330	-1,420	-1,000	-306	-6,444	-11,490	-4,956	129	55
cash flow from financing	-86,458	-59,423	-96,626	41,716	185,765	-47,719	-114,217	-4,806	-36,322	31,098	152,334	129	355
cash and cash equivalents
cash	33,842	-128,496	17,784	72,959	26,142	-2,603	12,553	5,877	-9,030	-17,511	2,587	7,906	21,917
overdraft	0	0	-24,272	1,684	-1,960	1,861	11,921	10,766	0	0	0	0	0
change in cash	33,842	-128,496	42,056	71,275	28,102	-4,464	632	-4,889	-9,030	-17,511	2,587	7,906	21,917

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 plastics express limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in NN5 area or any other competitors across 12 key performance metrics.

PLASTICS EXPRESS LIMITED group structure

Plastics Express Limited has no subsidiary companies.

Ultimate parent company

PLASTICS EXPRESS LIMITED

07226042

PLASTICS EXPRESS LIMITED Shareholders

jason croxford	50%
julian kaye	50%

Plastics Express Limited currently has 2 directors. The longest serving directors include Mr Julian Kaye (Apr 2010) and Mr Jason Croxford (Nov 2016).

officer	country	age	start	end	role
Mr Julian Kaye	England	60 years	Apr 2010	-	Director
Mr Jason Croxford	England	57 years	Nov 2016	-	Director

P&L

March 2023

turnover

4.2m

+53%

operating profit

102.6k

gross margin

36.7%

-2.68%

turnover

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

Balance Sheet

March 2023

net assets

676.4k

+0.14%

total assets

1.6m

+0.18%

cash

43.9k

+3.36%

net assets

Total assets minus all liabilities

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company number

07226042

Type

Private limited with Share Capital

industry

47910 - Retail sale via mail order houses or via Internet

incorporation date

April 2010

ultimate parent company

None

previous names

N/A

address

75a st. james mill road, northampton, northamptonshire, NN5 5JP

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 2 charges/mortgages relating to plastics express limited. Currently there are 0 open charges and 2 have been satisfied in the past.

plastics express limited Company Information

plastics express limited Estimated Valuation

plastics express limited Estimated Valuation

plastics express limited Estimated Valuation

Plastics Express Limited Overview

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PLASTICS EXPRESS LIMITED financials

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