packing technology limited
packing technology limited Company Information
Group Structure
View All
Industry
Agents involved in the sale of machinery, industrial equipment, ships and aircraft
+1Registered Address
24 grange park, skircoat moor road, halifax, west yorkshire, HX3 0JS
Website
-packing technology limited Estimated Valuation
Pomanda estimates the enterprise value of PACKING TECHNOLOGY LIMITED at £221.1k based on a Turnover of £518.8k and 0.43x industry multiple (adjusted for size and gross margin).
packing technology limited Estimated Valuation
Pomanda estimates the enterprise value of PACKING TECHNOLOGY LIMITED at £126.2k based on an EBITDA of £31.2k and a 4.04x industry multiple (adjusted for size and gross margin).
packing technology limited Estimated Valuation
Pomanda estimates the enterprise value of PACKING TECHNOLOGY LIMITED at £633.3k based on Net Assets of £268.6k and 2.36x industry multiple (adjusted for liquidity).
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Packing Technology Limited Overview
Packing Technology Limited is a live company located in halifax, HX3 0JS with a Companies House number of 07869773. It operates in the agents involved in the sale of machinery, industrial equipment, ships and aircraft sector, SIC Code 46140. Founded in December 2011, it's largest shareholder is mark hiley with a 100% stake. Packing Technology Limited is a established, small sized company, Pomanda has estimated its turnover at £518.8k with declining growth in recent years.
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Packing Technology Limited Health Check
Pomanda's financial health check has awarded Packing Technology 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
4 Strong
2 Regular
6 Weak
Size
annual sales of £518.8k, make it smaller than the average company (£7.8m)
- Packing Technology Limited
£7.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (8.1%)
- Packing Technology Limited
8.1% - Industry AVG
Production
with a gross margin of 42.8%, this company has a comparable cost of product (42.8%)
- Packing Technology Limited
42.8% - Industry AVG
Profitability
an operating margin of 5% make it less profitable than the average company (6.4%)
- Packing Technology Limited
6.4% - Industry AVG
Employees
with 4 employees, this is below the industry average (19)
4 - Packing Technology Limited
19 - Industry AVG
Pay Structure
on an average salary of £55.7k, the company has an equivalent pay structure (£55.7k)
- Packing Technology Limited
£55.7k - Industry AVG
Efficiency
resulting in sales per employee of £129.7k, this is less efficient (£253.3k)
- Packing Technology Limited
£253.3k - Industry AVG
Debtor Days
it gets paid by customers after 73 days, this is later than average (55 days)
- Packing Technology Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is slower than average (30 days)
- Packing Technology Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 3 days, this is less than average (54 days)
- Packing Technology Limited
54 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 78 weeks, this is more cash available to meet short term requirements (17 weeks)
78 weeks - Packing Technology Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 47.7%, this is a lower level of debt than the average (58.8%)
47.7% - Packing Technology Limited
58.8% - Industry AVG
PACKING TECHNOLOGY LIMITED financials
Packing Technology Limited's latest turnover from December 2023 is estimated at £518.8 thousand and the company has net assets of £268.6 thousand. According to their latest financial statements, Packing Technology Limited has 4 employees and maintains cash reserves of £268.9 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | ||||||||||||
| Gross Profit | ||||||||||||
| Admin Expenses | ||||||||||||
| Operating Profit | ||||||||||||
| Interest Payable | ||||||||||||
| Interest Receivable | ||||||||||||
| Pre-Tax Profit | ||||||||||||
| Tax | ||||||||||||
| Profit After Tax | ||||||||||||
| Dividends Paid | ||||||||||||
| Retained Profit | ||||||||||||
| Employee Costs | ||||||||||||
| Number Of Employees | 4 | 4 | 4 | 2 | 2 | 2 | 2 | |||||
| EBITDA* |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 94,547 | 14,434 | 13,997 | 26,352 | 41,340 | 61,503 | 46,350 | 3,331 | 10,932 | 23,414 | 38,492 | 53,617 |
| Intangible Assets | ||||||||||||
| Investments & Other | 2,989 | 640 | ||||||||||
| Debtors (Due After 1 year) | ||||||||||||
| Total Fixed Assets | 94,547 | 14,434 | 13,997 | 26,352 | 41,340 | 61,503 | 46,350 | 3,331 | 10,932 | 26,403 | 39,132 | 53,617 |
| Stock & work in progress | 2,751 | 8,375 | 6,569 | 5,656 | 2,606 | 2,920 | ||||||
| Trade Debtors | 104,467 | 44,606 | 55,592 | 233,968 | 155,707 | 145,341 | 212,752 | 186,182 | 101,005 | 25,290 | 60,891 | 32,999 |
| Group Debtors | ||||||||||||
| Misc Debtors | 43,021 | 61,619 | 84,093 | 13,025 | 10,166 | |||||||
| Cash | 268,904 | 219,088 | 192,871 | 30,106 | 8,427 | 52,911 | ||||||
| misc current assets | 9,522 | 6,276 | 6,262 | 4,758 | ||||||||
| total current assets | 419,143 | 333,688 | 339,125 | 246,993 | 165,873 | 154,863 | 219,028 | 192,444 | 105,763 | 61,052 | 71,924 | 88,830 |
| total assets | 513,690 | 348,122 | 353,122 | 273,345 | 207,213 | 216,366 | 265,378 | 195,775 | 116,695 | 87,455 | 111,056 | 142,447 |
| Bank overdraft | 10,000 | 10,000 | 10,000 | |||||||||
| Bank loan | ||||||||||||
| Trade Creditors | 33,355 | 30,654 | 22,305 | 19,116 | 18,430 | 24,633 | 25,232 | 28,795 | 26,256 | 18,494 | 35,040 | 57,968 |
| Group/Directors Accounts | ||||||||||||
| other short term finances | ||||||||||||
| hp & lease commitments | 16,774 | |||||||||||
| other current liabilities | 117,674 | 36,028 | 20,607 | |||||||||
| total current liabilities | 177,803 | 76,682 | 52,912 | 19,116 | 18,430 | 24,633 | 25,232 | 28,795 | 26,256 | 18,494 | 35,040 | 57,968 |
| loans | 19,167 | 29,167 | 39,167 | |||||||||
| hp & lease commitments | 37,565 | |||||||||||
| Accruals and Deferred Income | 2,037 | 1,448 | 1,408 | 1,022 | 46,496 | 872 | 981 | |||||
| other liabilities | 49,167 | 9,228 | 27,070 | 10,377 | 22,526 | |||||||
| provisions | 8,546 | 1,660 | ||||||||||
| total long term liabilities | 67,315 | 29,167 | 39,167 | 50,615 | 1,408 | 10,250 | 73,566 | 872 | 981 | 10,377 | 24,186 | |
| total liabilities | 245,118 | 105,849 | 92,079 | 69,731 | 19,838 | 34,883 | 98,798 | 29,667 | 27,237 | 18,494 | 45,417 | 82,154 |
| net assets | 268,572 | 242,273 | 261,043 | 203,614 | 187,375 | 181,483 | 166,580 | 166,108 | 89,458 | 68,961 | 65,639 | 60,293 |
| total shareholders funds | 268,572 | 242,273 | 261,043 | 203,614 | 187,375 | 181,483 | 166,580 | 166,108 | 89,458 | 68,961 | 65,639 | 60,293 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | ||||||||||||
| Depreciation | 5,097 | 8,247 | 15,772 | 15,573 | 5,112 | |||||||
| Amortisation | ||||||||||||
| Tax | ||||||||||||
| Stock | -5,624 | 1,806 | 6,569 | -5,656 | 3,050 | -314 | 2,920 | |||||
| Debtors | 41,263 | -33,460 | -107,308 | 81,120 | 20,532 | -67,411 | 26,570 | 85,177 | 75,715 | -35,601 | 27,892 | 32,999 |
| Creditors | 2,701 | 8,349 | 3,189 | 686 | -6,203 | -599 | -3,563 | 2,539 | 7,762 | -16,546 | -22,928 | 57,968 |
| Accruals and Deferred Income | 83,683 | 15,421 | 19,159 | 40 | 386 | -45,474 | 45,624 | -109 | 981 | |||
| Deferred Taxes & Provisions | 8,546 | -1,660 | 1,660 | |||||||||
| Cash flow from operations | ||||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | -2,989 | 2,349 | 640 | |||||||||
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | ||||||||||||
| Group/Directors Accounts | ||||||||||||
| Other Short Term Loans | ||||||||||||
| Long term loans | -10,000 | -10,000 | 39,167 | |||||||||
| Hire Purchase and Lease Commitments | 54,339 | |||||||||||
| other long term liabilities | -49,167 | 49,167 | -9,228 | -17,842 | 27,070 | -10,377 | -12,149 | 22,526 | ||||
| share issue | ||||||||||||
| interest | ||||||||||||
| cash flow from financing | ||||||||||||
| cash and cash equivalents | ||||||||||||
| cash | 49,816 | 26,217 | 192,871 | -30,106 | 21,679 | -44,484 | 52,911 | |||||
| overdraft | 10,000 | |||||||||||
| change in cash | 49,816 | 26,217 | 182,871 | -30,106 | 21,679 | -44,484 | 52,911 |
packing technology limited Credit Report and Business Information
Packing Technology Limited Competitor Analysis
Perform a competitor analysis for packing technology 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 HX3 area or any other competitors across 12 key performance metrics.
packing technology limited Ownership
PACKING TECHNOLOGY LIMITED group structure
Packing Technology Limited has no subsidiary companies.
Ultimate parent company
PACKING TECHNOLOGY LIMITED
07869773
packing technology limited directors
Packing Technology Limited currently has 2 directors. The longest serving directors include Mrs Rita Hiley (Dec 2011) and Mr Mark Hiley (Apr 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Rita Hiley | England | 82 years | Dec 2011 | - | Director |
| Mr Mark Hiley | England | 56 years | Apr 2013 | - | Director |
P&L
December 2023turnover
518.8k
+41%
operating profit
26.1k
0%
gross margin
42.9%
+2.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
268.6k
+0.11%
total assets
513.7k
+0.48%
cash
268.9k
+0.23%
net assets
Total assets minus all liabilities
packing technology limited company details
company number
07869773
Type
Private limited with Share Capital
industry
46140 - Agents involved in the sale of machinery, industrial equipment, ships and aircraft
70229 - Management consultancy activities (other than financial management)
incorporation date
December 2011
age
14
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
hiley limited (January 2015)
accountant
WALTER DAWSON & SON
auditor
-
address
24 grange park, skircoat moor road, halifax, west yorkshire, HX3 0JS
Bank
-
Legal Advisor
-
packing technology limited Charges & Mortgages
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 did not find charges/mortgages relating to packing technology limited.
packing technology limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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packing technology limited Companies House Filings - See Documents
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