Frugalpac Limited

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frugalpac limited Company Information

Live

EstablishedSmallHigh

Company Number

07600690

Next Accounts

Sep 2025

Industry

Manufacture of paper and paperboard containers other than sacks and bags

Directors

Andrew Stone

Nigel Kennedy

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Shareholders

jeremy young

andrew stone

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Group Structure

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Contact

Registered Address

frugal house,, 37 crane boulevard, ipswich, IP3 9SQ

Website

www.frugalpac.com

frugalpac limited Estimated Valuation

£3.8m

Pomanda estimates the enterprise value of FRUGALPAC LIMITED at £3.8m based on Net Assets of £2.3m and 1.62x industry multiple (adjusted for liquidity).

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Frugalpac Limited is a live company located in ipswich, IP3 9SQ with a Companies House number of 07600690. It operates in the manufacture of other paper and paperboard containers sector, SIC Code 17219. Founded in April 2011, it's largest shareholder is jeremy young with a 23.2% stake. Frugalpac Limited is a established, small sized company, Pomanda has estimated its turnover at £2m with high growth in recent years.

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Pomanda's financial health check has awarded Frugalpac Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £2m, make it smaller than the average company (£19.2m)

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (9.2%)

EXPORT

Frugalpac Limited's latest turnover from December 2023 is estimated at £2 million and the company has net assets of £2.3 million. According to their latest financial statements, Frugalpac Limited has 26 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012
Turnover	1,977,686	2,496,269	1,621,361	1,241,995	1,189,793	1,001,246	564,828	800,840	358,245	175,080	181,051	148,291	16,573
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,444,333	1,863,783	1,205,318	915,142	895,625	765,820	424,398	598,432	258,944	126,865	130,516	109,231	12,166
Gross Profit	533,353	632,487	416,043	326,852	294,168	235,426	140,430	202,408	99,301	48,215	50,536	39,060	4,407
Admin Expenses	2,710,622	2,724,989	2,238,765	3,093,118	3,366,744	1,998,186	1,906,675	2,160,160	1,103,568	396,369	251,469	236,160	66,895
Operating Profit	-2,177,269	-2,092,502	-1,822,722	-2,766,266	-3,072,576	-1,762,760	-1,766,245	-1,957,752	-1,004,267	-348,154	-200,933	-197,100	-62,488
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	62,990	44,437	3,302	1,083	5,335	10,985	2,198	1,323	960	87	90	21	11
Pre-Tax Profit	-2,114,279	-2,048,065	-1,819,420	-2,765,184	-3,067,241	-1,751,775	-1,764,047	-1,956,429	-1,003,307	-348,067	-200,843	-197,079	-62,477
Tax	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Tax	-2,114,279	-2,048,065	-1,819,420	-2,765,184	-3,067,241	-1,751,775	-1,764,047	-1,956,429	-1,003,307	-348,067	-200,843	-197,079	-62,477
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-2,114,279	-2,048,065	-1,819,420	-2,765,184	-3,067,241	-1,751,775	-1,764,047	-1,956,429	-1,003,307	-348,067	-200,843	-197,079	-62,477
Employee Costs	996,366	1,026,820	998,442	790,245	652,570	507,727	352,150	216,784	61,611	58,236	57,143	57,058	29,098
Number Of Employees	26	28	28	23	19	15	11	7	2	2	2	2	1
EBITDA*	-1,987,471	-1,995,561	-1,731,695	-2,627,257	-2,993,829	-1,720,254	-1,763,949	-1,956,812	-1,003,327	-347,787	-200,869	-197,036	-62,466

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012
Tangible Assets	1,256,072	1,412,520	1,281,065	161,708	616,177	625,463	25,793	1,363	2,303	949	367	431	496
Intangible Assets	32,002	62,098	97,307	122,066	17,189	21,009	0	0	0	0	0	0	0
Investments & Other	2	2	2	2	2	2	2	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	10,500	10,500	0	0	0	0	0	0	0
Total Fixed Assets	1,288,076	1,474,620	1,378,374	283,776	643,868	656,974	25,795	1,363	2,303	949	367	431	496
Stock & work in progress	330,223	370,800	130,879	66,138	108,090	108,046	10,414	0	0	0	0	0	0
Trade Debtors	18,877	53,330	3,504	13,940	6,999	861	1,320	0	0	6,153	7,053	11,927	2,018
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	333,087	398,309	540,195	420,583	459,631	236,792	36,712	112,698	62,624	0	0	0	0
Cash	1,557,243	842,378	1,696,863	944,653	1,220,346	2,727,084	202,280	676,906	381,182	2,811	32,034	4,031	4,558
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,239,430	1,664,817	2,371,441	1,445,314	1,795,066	3,072,783	250,726	789,604	443,806	8,964	39,087	15,958	6,576
total assets	3,527,506	3,139,437	3,749,815	1,729,090	2,438,934	3,729,757	276,521	790,967	446,109	9,913	39,454	16,389	7,072
Bank overdraft	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
Trade Creditors	109,577	433,966	142,164	116,657	178,321	139,440	66,982	112,892	113,844	103,675	94,150	63,442	5,984
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	0	0	0	0
hp & lease commitments	23,173	20,915	2,526	2,409	0	0	0	0	0	0	0	0	0
other current liabilities	986,346	285,298	211,024	143,642	175,174	189,412	56,314	85,604	33,894	0	0	0	0
total current liabilities	1,119,096	740,179	355,714	262,708	353,495	328,852	123,296	198,496	147,738	103,675	94,150	63,442	5,984
loans	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	3,679	26,852	5,582	8,291	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	0	0	0	0	0	0	0	0	93,750	93,750	93,750	38,563
provisions	70,000	32,000	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	73,679	58,852	5,582	8,291	0	0	0	0	0	93,750	93,750	93,750	38,563
total liabilities	1,192,775	799,031	361,296	270,999	353,495	328,852	123,296	198,496	147,738	197,425	187,900	157,192	44,547
net assets	2,334,731	2,340,406	3,388,519	1,458,091	2,085,439	3,400,905	153,225	592,471	298,371	-187,512	-148,446	-140,803	-37,475
total shareholders funds	2,334,731	2,340,406	3,388,519	1,458,091	2,085,439	3,400,905	153,225	592,471	298,371	-187,512	-148,446	-140,803	-37,475

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012
Operating Activities
Operating Profit	-2,177,269	-2,092,502	-1,822,722	-2,766,266	-3,072,576	-1,762,760	-1,766,245	-1,957,752	-1,004,267	-348,154	-200,933	-197,100	-62,488
Depreciation	159,702	61,732	56,219	123,632	74,927	40,596	2,296	940	940	367	64	64	22
Amortisation	30,096	35,209	34,808	15,377	3,820	1,910	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock	-40,577	239,921	64,741	-41,952	97,676	97,632	10,414	0	0	0	0	0	0
Debtors	-99,675	-92,060	109,176	-42,607	439,098	210,121	-74,666	50,074	56,471	-900	-4,874	9,909	2,018
Creditors	-324,389	291,802	25,507	-61,664	111,339	72,458	-45,910	-952	10,169	9,525	30,708	57,458	5,984
Accruals and Deferred Income	701,048	74,274	67,382	-31,532	118,860	133,098	-29,290	51,710	33,894	0	0	0	0
Deferred Taxes & Provisions	38,000	32,000	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-1,432,560	-1,745,346	-1,812,723	-2,635,894	-3,300,404	-1,822,451	-1,774,897	-1,956,128	-1,015,735	-337,362	-165,287	-149,487	-58,500
Investing Activities
capital expenditure	-3,254	-193,187	-1,185,625	210,583	-686,320	-663,185	-26,726	0	-2,294	-949	0	1	-518
Change in Investments	0	0	0	0	0	0	2	0	0	0	0	0	0
cash flow from investments	-3,254	-193,187	-1,185,625	210,583	-686,320	-663,185	-26,728	0	-2,294	-949	0	1	-518
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	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-20,915	39,659	-2,592	10,700	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-93,750	0	0	55,187	38,563
share issue	2,108,604	999,952	3,749,848	2,137,836	4,999,455	4,999,455	1,324,801	2,250,529	1,489,190	309,001	193,200	93,751	25,002
interest	62,990	44,437	3,302	1,083	5,335	10,985	2,198	1,323	960	87	90	21	11
cash flow from financing	2,150,679	1,084,048	3,750,558	2,149,619	5,004,790	5,010,440	1,326,999	2,251,852	1,396,400	309,088	193,290	148,959	63,576
cash and cash equivalents
cash	714,865	-854,485	752,210	-275,693	1,018,066	2,524,804	-474,626	295,724	378,371	-29,223	28,003	-527	4,558
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	714,865	-854,485	752,210	-275,693	1,018,066	2,524,804	-474,626	295,724	378,371	-29,223	28,003	-527	4,558

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FRUGALPAC LIMITED group structure

Frugalpac Limited has no subsidiary companies.

Ultimate parent company

FRUGALPAC LIMITED

07600690

FRUGALPAC LIMITED Shareholders

jeremy young	23.21%
andrew stone	11.15%
andrew scott	3.71%
david macaire	3.39%
nigel corner	3.33%
charles stone	3.09%
marina stone	2.69%
harriet corner	2.4%
patrick o'brien	2.17%
susan young	1.84%

Frugalpac Limited currently has 7 directors. The longest serving directors include Mr Andrew Stone (Sep 2015) and Mr Nigel Kennedy (Sep 2015).

officer	country	age	start	end	role
Mr Andrew Stone		54 years	Sep 2015	-	Director
Mr Nigel Kennedy	United Kingdom	68 years	Sep 2015	-	Director
Mr Thomas O'Brien	England	63 years	Jul 2017	-	Director
Mr Jeremy Young	United Kingdom	59 years	Aug 2017	-	Director
Mr Andrew Waugh	United Kingdom	57 years	Jul 2018	-	Director
Mr Nigel Corner		59 years	Nov 2018	-	Director
Ms Lisa Jillett	England	56 years	Apr 2022	-	Director

P&L

December 2023

turnover

-21%

operating profit

-2.2m

gross margin

27%

+6.44%

turnover

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

Balance Sheet

December 2023

net assets

2.3m

total assets

3.5m

+0.12%

cash

1.6m

+0.85%

net assets

Total assets minus all liabilities

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3.5

company number

07600690

Type

Private limited with Share Capital

industry

17219 - Manufacture of paper and paperboard containers other than sacks and bags

incorporation date

April 2011

ultimate parent company

None

previous names

3 boys ltd (December 2016)

address

frugal house,, 37 crane boulevard, ipswich, IP3 9SQ

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.

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frugalpac limited Company Information

frugalpac limited Estimated Valuation

frugalpac limited Estimated Valuation

frugalpac limited Estimated Valuation

Frugalpac Limited Overview

Frugalpac Limited Health Check

FRUGALPAC LIMITED financials

frugalpac limited Credit Report and Business Information

Frugalpac Limited Competitor Analysis

frugalpac limited Ownership

frugalpac limited directors

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frugalpac limited Charges & Mortgages

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frugalpac limited Companies House Filings - See Documents