composite products limited
composite products limited Company Information
Company Number
07935728
Next Accounts
Feb 2026
Shareholders
avingtrans plc
Group Structure
View All
Industry
Manufacture of other plastic products
+1Registered Address
chatteris business park, honeysome road, chatteris, cambridgeshire, PE16 6SA
Website
www.sigmacomposites.co.ukcomposite products limited Estimated Valuation
Pomanda estimates the enterprise value of COMPOSITE PRODUCTS LIMITED at £576.7k based on a Turnover of £1.5m and 0.4x industry multiple (adjusted for size and gross margin).
composite products limited Estimated Valuation
Pomanda estimates the enterprise value of COMPOSITE PRODUCTS LIMITED at £279.2k based on an EBITDA of £90.8k and a 3.07x industry multiple (adjusted for size and gross margin).
composite products limited Estimated Valuation
Pomanda estimates the enterprise value of COMPOSITE PRODUCTS LIMITED at £0 based on Net Assets of £-51k and 1.67x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Composite Products Limited Overview
Composite Products Limited is a live company located in chatteris, PE16 6SA with a Companies House number of 07935728. It operates in the manufacture of other plastic products sector, SIC Code 22290. Founded in February 2012, it's largest shareholder is avingtrans plc with a 100% stake. Composite Products Limited is a established, small sized company, Pomanda has estimated its turnover at £1.5m with declining growth in recent years.
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Composite Products Limited Health Check
Pomanda's financial health check has awarded Composite Products Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
8 Weak
Size
annual sales of £1.5m, make it smaller than the average company (£13.5m)
£1.5m - Composite Products Limited
£13.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (8%)
- Composite Products Limited
8% - Industry AVG
Production
with a gross margin of 26.2%, this company has a comparable cost of product (28.2%)
26.2% - Composite Products Limited
28.2% - Industry AVG
Profitability
an operating margin of 1.1% make it less profitable than the average company (5.8%)
1.1% - Composite Products Limited
5.8% - Industry AVG
Employees
with 7 employees, this is below the industry average (92)
7 - Composite Products Limited
92 - Industry AVG
Pay Structure
on an average salary of £47k, the company has an equivalent pay structure (£42.4k)
£47k - Composite Products Limited
£42.4k - Industry AVG
Efficiency
resulting in sales per employee of £208.4k, this is more efficient (£156k)
£208.4k - Composite Products Limited
£156k - Industry AVG
Debtor Days
it gets paid by customers after 73 days, this is later than average (58 days)
73 days - Composite Products Limited
58 days - Industry AVG
Creditor Days
its suppliers are paid after 34 days, this is quicker than average (43 days)
34 days - Composite Products Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 22 days, this is less than average (64 days)
22 days - Composite Products Limited
64 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (13 weeks)
4 weeks - Composite Products Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 107.7%, this is a higher level of debt than the average (43.6%)
107.7% - Composite Products Limited
43.6% - Industry AVG
COMPOSITE PRODUCTS LIMITED financials
Composite Products Limited's latest turnover from May 2024 is £1.5 million and the company has net assets of -£51 thousand. According to their latest financial statements, Composite Products Limited has 7 employees and maintains cash reserves of £50.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,458,510 | 1,125,636 | 1,200,983 | 1,460,144 | 795,987 | 690,019 | 864,063 | 509,200 | 774,710 | 596,166 | 2,043,063 | 2,019,832 |
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | 1,076,947 | 844,550 | 910,388 | 1,050,393 | 540,172 | 405,492 | 374,328 | 290,285 | 549,925 | 595,527 | 1,621,975 | 2,113,242 |
| Gross Profit | 381,563 | 281,086 | 290,595 | 409,751 | 255,815 | 284,527 | 489,735 | 218,915 | 224,785 | 639 | 421,088 | -93,410 |
| Admin Expenses | 366,169 | 289,645 | 304,526 | 369,853 | 330,544 | 293,538 | 354,068 | 381,319 | 538,774 | 566,429 | 666,714 | 647,283 |
| Operating Profit | 15,394 | -8,559 | -13,931 | 39,898 | -74,729 | -9,011 | 135,667 | -162,404 | -313,989 | -565,790 | -245,626 | -740,693 |
| Interest Payable | 13,772 | 15,905 | 14,810 | 16,418 | 35,522 | 42,574 | 42,618 | 1,750 | 3,662 | 4,362 | 11,283 | |
| Interest Receivable | 329 | |||||||||||
| Pre-Tax Profit | 1,622 | -24,464 | -28,741 | 23,480 | -110,251 | -51,585 | 93,049 | -162,404 | -315,739 | -569,452 | -249,988 | -751,647 |
| Tax | 58 | 4,750 | 5,968 | -4,537 | 21,829 | 12,902 | 4,509 | 25,038 | 62,875 | 159,760 | -30,426 | 182,385 |
| Profit After Tax | 1,680 | -19,714 | -22,773 | 18,943 | -88,422 | -38,683 | 97,558 | -137,366 | -252,864 | -409,692 | -280,414 | -569,262 |
| Dividends Paid | ||||||||||||
| Retained Profit | 1,680 | -19,714 | -22,773 | 18,943 | -88,422 | -38,683 | 97,558 | -137,366 | -252,864 | -409,692 | -280,414 | -569,262 |
| Employee Costs | 329,046 | 330,699 | 231,392 | 267,531 | 268,897 | 245,201 | 213,310 | 209,787 | 276,076 | 475,261 | 945,209 | 1,414,951 |
| Number Of Employees | 7 | 9 | 6 | 8 | 8 | 8 | 7 | 8 | 9 | 15 | 28 | 34 |
| EBITDA* | 90,836 | 70,811 | 72,718 | 132,396 | 36,878 | 36,019 | 184,298 | -111,445 | -259,013 | -472,885 | -153,020 | -662,749 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 194,410 | 267,696 | 337,902 | 423,922 | 477,022 | 107,113 | 62,514 | 97,287 | 130,637 | 310,847 | 358,136 | 435,806 |
| Intangible Assets | 12,840 | 6,523 | 25,079 | 17,795 | 31,478 | 28,169 | 6,223 | 9,277 | 12,331 | |||
| Investments & Other | ||||||||||||
| Debtors (Due After 1 year) | ||||||||||||
| Total Fixed Assets | 207,250 | 274,219 | 337,902 | 423,922 | 477,022 | 132,192 | 80,309 | 128,765 | 158,806 | 317,070 | 367,413 | 448,137 |
| Stock & work in progress | 66,853 | 132,404 | 176,035 | 147,599 | 39,926 | 102,751 | 32,163 | 79,835 | 94,515 | 103,514 | 68,598 | 72,490 |
| Trade Debtors | 293,807 | 200,912 | 202,011 | 205,836 | 84,837 | 61,656 | 104,213 | 1,157 | 139,197 | 95,950 | 323,378 | 294,796 |
| Group Debtors | 25,222 | 286,506 | 286,506 | 407,906 | 325,923 | 560,571 | 215,952 | 376,708 | ||||
| Misc Debtors | 45,683 | 38,503 | 34,486 | 32,725 | 39,588 | 54,590 | 46,312 | 59,252 | 91,049 | 85,353 | 73,504 | 82,095 |
| Cash | 50,919 | 90,948 | 111,790 | 92,722 | 71,103 | 49,903 | 79,662 | 30,150 | 193 | 205 | 39,721 | 66,126 |
| misc current assets | ||||||||||||
| total current assets | 457,262 | 462,767 | 524,322 | 478,882 | 260,676 | 555,406 | 548,856 | 578,300 | 650,877 | 845,593 | 721,153 | 892,215 |
| total assets | 664,512 | 736,986 | 862,224 | 902,804 | 737,698 | 687,598 | 629,165 | 707,065 | 809,683 | 1,162,663 | 1,088,566 | 1,340,352 |
| Bank overdraft | 2,001,691 | 1,955,295 | 1,543,433 | 1,425,017 | ||||||||
| Bank loan | ||||||||||||
| Trade Creditors | 102,054 | 71,766 | 71,908 | 121,417 | 88,667 | 135,914 | 79,449 | 50,604 | 100,452 | 125,066 | 213,001 | 210,198 |
| Group/Directors Accounts | 333,926 | 382,769 | 502,521 | 380,931 | 229,328 | 2,095,789 | 2,063,326 | 2,276,473 | 190,534 | 231,810 | ||
| other short term finances | ||||||||||||
| hp & lease commitments | 59,212 | 57,162 | 55,022 | 53,273 | 67,429 | 37,817 | 45,269 | 50,743 | ||||
| other current liabilities | 116,900 | 115,336 | 45,783 | 82,398 | 53,159 | 46,617 | 38,428 | 29,585 | 29,237 | 26,888 | 53,368 | 83,150 |
| total current liabilities | 612,092 | 627,033 | 675,234 | 638,019 | 438,583 | 2,278,320 | 2,181,203 | 2,356,662 | 2,321,914 | 2,376,876 | 1,855,071 | 1,769,108 |
| loans | ||||||||||||
| hp & lease commitments | 103,428 | 162,641 | 219,964 | 274,986 | 328,259 | 30,950 | 68,767 | 119,966 | ||||
| Accruals and Deferred Income | ||||||||||||
| other liabilities | ||||||||||||
| provisions | 14,204 | 14,403 | 20,539 | |||||||||
| total long term liabilities | 103,428 | 162,641 | 219,964 | 274,986 | 328,259 | 45,154 | 83,170 | 140,505 | ||||
| total liabilities | 715,520 | 789,674 | 895,198 | 913,005 | 766,842 | 2,278,320 | 2,181,203 | 2,356,662 | 2,321,914 | 2,422,030 | 1,938,241 | 1,909,613 |
| net assets | -51,008 | -52,688 | -32,974 | -10,201 | -29,144 | -1,590,722 | -1,552,038 | -1,649,597 | -1,512,231 | -1,259,367 | -849,675 | -569,261 |
| total shareholders funds | -51,008 | -52,688 | -32,974 | -10,201 | -29,144 | -1,590,722 | -1,552,038 | -1,649,597 | -1,512,231 | -1,259,367 | -849,675 | -569,261 |
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | 15,394 | -8,559 | -13,931 | 39,898 | -74,729 | -9,011 | 135,667 | -162,404 | -313,989 | -565,790 | -245,626 | -740,693 |
| Depreciation | 75,442 | 79,370 | 86,649 | 92,498 | 86,528 | 31,962 | 34,948 | 40,077 | 51,922 | 89,851 | 89,552 | 75,005 |
| Amortisation | 25,079 | 13,068 | 13,683 | 10,882 | 3,054 | 3,054 | 3,054 | 2,939 | ||||
| Tax | 58 | 4,750 | 5,968 | -4,537 | 21,829 | 12,902 | 4,509 | 25,038 | 62,875 | 159,760 | -30,426 | 182,385 |
| Stock | -65,551 | -43,631 | 28,436 | 107,673 | -62,825 | 70,588 | -47,672 | -14,680 | -8,999 | 34,916 | -3,892 | 72,490 |
| Debtors | 100,075 | 2,918 | -2,064 | 88,914 | -253,105 | -34,279 | -31,284 | -87,854 | -185,705 | 129,040 | -140,765 | 753,599 |
| Creditors | 30,288 | -142 | -49,509 | 32,750 | -47,247 | 56,465 | 28,845 | -49,848 | -24,614 | -87,935 | 2,803 | 210,198 |
| Accruals and Deferred Income | 1,564 | 69,553 | -36,615 | 29,239 | 6,542 | 8,189 | 8,843 | 348 | 2,349 | -26,480 | -29,782 | 83,150 |
| Deferred Taxes & Provisions | -14,204 | -199 | -6,136 | 20,539 | ||||||||
| Cash flow from operations | 88,222 | 185,685 | -33,810 | -6,739 | 333,932 | 77,266 | 305,451 | -33,373 | -37,903 | -591,695 | -71,904 | -992,566 |
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | ||||||||||||
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | ||||||||||||
| Group/Directors Accounts | -48,843 | -119,752 | 121,590 | 151,603 | -1,866,461 | 32,463 | -213,147 | 2,085,939 | -41,276 | 231,810 | ||
| Other Short Term Loans | ||||||||||||
| Long term loans | ||||||||||||
| Hire Purchase and Lease Commitments | -57,163 | -55,183 | -53,273 | -67,429 | 395,688 | -68,767 | -45,269 | -56,673 | 170,709 | |||
| other long term liabilities | ||||||||||||
| share issue | ||||||||||||
| interest | -13,772 | -15,905 | -14,810 | -16,418 | -35,522 | -42,574 | -42,618 | -1,750 | -3,662 | -4,362 | -10,954 | |
| cash flow from financing | -119,778 | -190,840 | 53,507 | 67,756 | 143,705 | -10,112 | -255,764 | 2,085,939 | -111,793 | 182,879 | -61,035 | 159,756 |
| cash and cash equivalents | ||||||||||||
| cash | -40,029 | -20,842 | 19,068 | 21,619 | 21,200 | -29,759 | 49,512 | 29,957 | -12 | -39,516 | -26,405 | 66,126 |
| overdraft | -2,001,691 | 46,396 | 411,862 | 118,416 | 1,425,017 | |||||||
| change in cash | -40,029 | -20,842 | 19,068 | 21,619 | 21,200 | -29,759 | 49,512 | 2,031,648 | -46,408 | -451,378 | -144,821 | -1,358,891 |
composite products limited Credit Report and Business Information
Composite Products Limited Competitor Analysis
Perform a competitor analysis for composite products limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in PE16 area or any other competitors across 12 key performance metrics.
composite products limited Ownership
COMPOSITE PRODUCTS LIMITED group structure
Composite Products Limited has no subsidiary companies.
composite products limited directors
Composite Products Limited currently has 2 directors. The longest serving directors include Mr Stephen King (Feb 2012) and Mr Stephen McQuillan (Feb 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen King | United Kingdom | 58 years | Feb 2012 | - | Director |
| Mr Stephen McQuillan | England | 63 years | Feb 2012 | - | Director |
P&L
May 2024turnover
1.5m
+30%
operating profit
15.4k
-280%
gross margin
26.2%
+4.76%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2024net assets
-51k
-0.03%
total assets
664.5k
-0.1%
cash
50.9k
-0.44%
net assets
Total assets minus all liabilities
composite products limited company details
company number
07935728
Type
Private limited with Share Capital
industry
22290 - Manufacture of other plastic products
25620 - Machining
incorporation date
February 2012
age
13
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
May 2024
previous names
composites products limited (June 2016)
sigma composites limited (May 2016)
accountant
-
auditor
COOPER PARRY GROUP LIMITED
address
chatteris business park, honeysome road, chatteris, cambridgeshire, PE16 6SA
Bank
HSBC BANK PLC
Legal Advisor
SHAKESPEARE MARTINEAU LLP
composite products 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 found 4 charges/mortgages relating to composite products limited. Currently there are 4 open charges and 0 have been satisfied in the past.
composite products 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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composite products limited Companies House Filings - See Documents
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