island plastics (kent) limited
island plastics (kent) limited Company Information
Company Number
08109462
Registered Address
unit 6 marshlands industrial est, lower road, sheerness, ME12 3RT
Industry
Agents involved in the sale of timber and building materials
Telephone
01795665100
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
nigel ord 33.3%
julie salmon 33.3%
View Allisland plastics (kent) limited Estimated Valuation
Pomanda estimates the enterprise value of ISLAND PLASTICS (KENT) LIMITED at £244.1k based on a Turnover of £627k and 0.39x industry multiple (adjusted for size and gross margin).
island plastics (kent) limited Estimated Valuation
Pomanda estimates the enterprise value of ISLAND PLASTICS (KENT) LIMITED at £349.4k based on an EBITDA of £86.5k and a 4.04x industry multiple (adjusted for size and gross margin).
island plastics (kent) limited Estimated Valuation
Pomanda estimates the enterprise value of ISLAND PLASTICS (KENT) LIMITED at £294.5k based on Net Assets of £141.6k and 2.08x industry multiple (adjusted for liquidity).
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Island Plastics (kent) Limited Overview
Island Plastics (kent) Limited is a live company located in sheerness, ME12 3RT with a Companies House number of 08109462. It operates in the agents involved in the sale of timber and building materials sector, SIC Code 46130. Founded in June 2012, it's largest shareholder is nigel ord with a 33.3% stake. Island Plastics (kent) Limited is a established, small sized company, Pomanda has estimated its turnover at £627k with healthy growth in recent years.
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Island Plastics (kent) Limited Health Check
Pomanda's financial health check has awarded Island Plastics (Kent) Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
5 Weak
Size
annual sales of £627k, make it smaller than the average company (£13.4m)
- Island Plastics (kent) Limited
£13.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (10.1%)
- Island Plastics (kent) Limited
10.1% - Industry AVG
Production
with a gross margin of 27.1%, this company has a comparable cost of product (27.1%)
- Island Plastics (kent) Limited
27.1% - Industry AVG
Profitability
an operating margin of 11.9% make it more profitable than the average company (6%)
- Island Plastics (kent) Limited
6% - Industry AVG
Employees
with 3 employees, this is below the industry average (31)
3 - Island Plastics (kent) Limited
31 - Industry AVG
Pay Structure
on an average salary of £37.3k, the company has an equivalent pay structure (£37.3k)
- Island Plastics (kent) Limited
£37.3k - Industry AVG
Efficiency
resulting in sales per employee of £209k, this is less efficient (£336.4k)
- Island Plastics (kent) Limited
£336.4k - Industry AVG
Debtor Days
it gets paid by customers after 44 days, this is near the average (48 days)
- Island Plastics (kent) Limited
48 days - Industry AVG
Creditor Days
its suppliers are paid after 34 days, this is quicker than average (47 days)
- Island Plastics (kent) Limited
47 days - Industry AVG
Stock Days
it holds stock equivalent to 112 days, this is more than average (60 days)
- Island Plastics (kent) Limited
60 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is more cash available to meet short term requirements (3 weeks)
15 weeks - Island Plastics (kent) Limited
3 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 47.3%, this is a lower level of debt than the average (61%)
47.3% - Island Plastics (kent) Limited
61% - Industry AVG
ISLAND PLASTICS (KENT) LIMITED financials
Island Plastics (Kent) Limited's latest turnover from June 2023 is estimated at £627 thousand and the company has net assets of £141.6 thousand. According to their latest financial statements, Island Plastics (Kent) Limited has 3 employees and maintains cash reserves of £26.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 7,968 | 8,462 | 10,759 | 12,160 | 15,358 | 4,419 | 3,645 | 2,818 | 1,758 | 0 | 0 |
| Intangible Assets | 9,756 | 19,511 | 27,585 | 35,659 | 43,733 | 51,807 | 59,881 | 67,955 | 76,029 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 17,724 | 27,973 | 38,344 | 47,819 | 59,091 | 56,226 | 63,526 | 70,773 | 77,787 | 0 | 0 |
| Stock & work in progress | 140,918 | 101,821 | 62,544 | 25,260 | 23,670 | 23,788 | 22,547 | 25,622 | 24,177 | 0 | 0 |
| Trade Debtors | 76,031 | 82,825 | 67,350 | 51,562 | 31,731 | 18,657 | 20,755 | 22,618 | 35,266 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 7,683 | 14,970 | 14,970 | 17,223 | 30,057 | 30,208 | 24,021 | 11,100 | 0 | 0 | 0 |
| Cash | 26,498 | 36,766 | 42,114 | 79,569 | 76 | 146 | 989 | 10,135 | 34,994 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 251,130 | 236,382 | 186,978 | 173,614 | 85,534 | 72,799 | 68,312 | 69,475 | 94,437 | 0 | 0 |
| total assets | 268,854 | 264,355 | 225,322 | 221,433 | 144,625 | 129,025 | 131,838 | 140,248 | 172,224 | 0 | 0 |
| Bank overdraft | 5,956 | 6,139 | 3,241 | 0 | 7,408 | 10,726 | 776 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 43,150 | 50,505 | 51,809 | 57,075 | 37,975 | 44,279 | 41,573 | 41,627 | 170,914 | 0 | 0 |
| Group/Directors Accounts | 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 |
| hp & lease commitments | 2,694 | 3,862 | 3,647 | 3,432 | 3,217 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 38,054 | 70,122 | 78,553 | 85,511 | 88,749 | 92,380 | 87,782 | 97,905 | 0 | 0 | 0 |
| total current liabilities | 89,854 | 130,628 | 137,250 | 146,018 | 137,349 | 147,385 | 130,131 | 139,532 | 170,914 | 0 | 0 |
| loans | 35,243 | 41,199 | 46,759 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 2,694 | 6,557 | 10,204 | 13,636 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 2,112 | 1,608 | 2,045 | 2,124 | 1,599 | 840 | 693 | 564 | 352 | 0 | 0 |
| total long term liabilities | 37,355 | 45,501 | 55,361 | 62,328 | 15,235 | 840 | 693 | 564 | 352 | 0 | 0 |
| total liabilities | 127,209 | 176,129 | 192,611 | 208,346 | 152,584 | 148,225 | 130,824 | 140,096 | 171,266 | 0 | 0 |
| net assets | 141,645 | 88,226 | 32,711 | 13,087 | -7,959 | -19,200 | 1,014 | 152 | 958 | 0 | 0 |
| total shareholders funds | 141,645 | 88,226 | 32,711 | 13,087 | -7,959 | -19,200 | 1,014 | 152 | 958 | 0 | 0 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 2,258 | 2,322 | 2,903 | 3,198 | 4,051 | 1,474 | 1,216 | 940 | 300 | ||
| Amortisation | 9,755 | 8,074 | 8,074 | 8,074 | 8,074 | 8,074 | 8,074 | 8,074 | 4,710 | ||
| Tax | |||||||||||
| Stock | 39,097 | 39,277 | 37,284 | 1,590 | -118 | 1,241 | -3,075 | 1,445 | 24,177 | 0 | 0 |
| Debtors | -14,081 | 15,475 | 13,535 | 6,997 | 12,923 | 4,089 | 11,058 | -1,548 | 35,266 | 0 | 0 |
| Creditors | -7,355 | -1,304 | -5,266 | 19,100 | -6,304 | 2,706 | -54 | -129,287 | 170,914 | 0 | 0 |
| Accruals and Deferred Income | -32,068 | -8,431 | -6,958 | -3,238 | -3,631 | 4,598 | -10,123 | 97,905 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 504 | -437 | -79 | 525 | 759 | 147 | 129 | 212 | 352 | 0 | 0 |
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 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 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -5,956 | -5,560 | -3,241 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -3,862 | -3,648 | -3,432 | -3,217 | 16,853 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | -10,268 | -5,348 | -37,455 | 79,493 | -70 | -843 | -9,146 | -24,859 | 34,994 | 0 | 0 |
| overdraft | -183 | 2,898 | 3,241 | -7,408 | -3,318 | 9,950 | 776 | 0 | 0 | 0 | 0 |
| change in cash | -10,085 | -8,246 | -40,696 | 86,901 | 3,248 | -10,793 | -9,922 | -24,859 | 34,994 | 0 | 0 |
island plastics (kent) limited Credit Report and Business Information
Island Plastics (kent) Limited Competitor Analysis
Perform a competitor analysis for island plastics (kent) 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 ME12 area or any other competitors across 12 key performance metrics.
island plastics (kent) limited Ownership
ISLAND PLASTICS (KENT) LIMITED group structure
Island Plastics (Kent) Limited has no subsidiary companies.
Ultimate parent company
ISLAND PLASTICS (KENT) LIMITED
08109462
island plastics (kent) limited directors
Island Plastics (Kent) Limited currently has 3 directors. The longest serving directors include Mr Timothy Dobbs (Jun 2012) and Mr Nigel Ord (Jun 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Timothy Dobbs | United Kingdom | 66 years | Jun 2012 | - | Director |
| Mr Nigel Ord | England | 57 years | Jun 2012 | - | Director |
| Mrs Julie Salmon | United Kingdom | 62 years | Jun 2012 | - | Director |
P&L
June 2023turnover
627k
-9%
operating profit
74.5k
0%
gross margin
27.2%
-1.64%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
141.6k
+0.61%
total assets
268.9k
+0.02%
cash
26.5k
-0.28%
net assets
Total assets minus all liabilities
island plastics (kent) limited company details
company number
08109462
Type
Private limited with Share Capital
industry
46130 - Agents involved in the sale of timber and building materials
incorporation date
June 2012
age
12
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
June 2023
address
unit 6 marshlands industrial est, lower road, sheerness, ME12 3RT
accountant
ADAMS WATKINS & CO
auditor
-
island plastics (kent) 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 island plastics (kent) limited.
island plastics (kent) limited Companies House Filings - See Documents
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