frimpeks limited
frimpeks limited Company Information
Company Number
09390816
Next Accounts
Sep 2025
Shareholders
frimpeks kimya ve etiket sanayi ticaret
Group Structure
View All
Industry
Manufacture of other articles of paper and paperboard
Registered Address
1b euro business park, market harborough, leicestershire, LE16 7QF
Website
www.frimpeks.comfrimpeks limited Estimated Valuation
Pomanda estimates the enterprise value of FRIMPEKS LIMITED at £6.3m based on a Turnover of £21.8m and 0.29x industry multiple (adjusted for size and gross margin).
frimpeks limited Estimated Valuation
Pomanda estimates the enterprise value of FRIMPEKS LIMITED at £0 based on an EBITDA of £-1.5m and a 2.44x industry multiple (adjusted for size and gross margin).
frimpeks limited Estimated Valuation
Pomanda estimates the enterprise value of FRIMPEKS LIMITED at £0 based on Net Assets of £-48.5k and 1.43x industry multiple (adjusted for liquidity).
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Frimpeks Limited Overview
Frimpeks Limited is a live company located in leicestershire, LE16 7QF with a Companies House number of 09390816. It operates in the manufacture of other articles of paper and paperboard n.e.c. sector, SIC Code 17290. Founded in January 2015, it's largest shareholder is frimpeks kimya ve etiket sanayi ticaret with a 100% stake. Frimpeks Limited is a established, large sized company, Pomanda has estimated its turnover at £21.8m with healthy growth in recent years.
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Frimpeks Limited Health Check
Pomanda's financial health check has awarded Frimpeks Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
5 Regular
4 Weak
Size
annual sales of £21.8m, make it larger than the average company (£14.7m)
£21.8m - Frimpeks Limited
£14.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (7.3%)
10% - Frimpeks Limited
7.3% - Industry AVG
Production
with a gross margin of -0.7%, this company has a higher cost of product (26.1%)
-0.7% - Frimpeks Limited
26.1% - Industry AVG
Profitability
an operating margin of -8.3% make it less profitable than the average company (5%)
-8.3% - Frimpeks Limited
5% - Industry AVG
Employees
with 74 employees, this is similar to the industry average (69)
74 - Frimpeks Limited
69 - Industry AVG
Pay Structure
on an average salary of £41.6k, the company has an equivalent pay structure (£39.2k)
£41.6k - Frimpeks Limited
£39.2k - Industry AVG
Efficiency
resulting in sales per employee of £294.9k, this is more efficient (£206.8k)
£294.9k - Frimpeks Limited
£206.8k - Industry AVG
Debtor Days
it gets paid by customers after 57 days, this is near the average (57 days)
57 days - Frimpeks Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 44 days, this is close to average (43 days)
44 days - Frimpeks Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 62 days, this is in line with average (63 days)
62 days - Frimpeks Limited
63 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (6 weeks)
2 weeks - Frimpeks Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100.5%, this is a higher level of debt than the average (53.7%)
100.5% - Frimpeks Limited
53.7% - Industry AVG
FRIMPEKS LIMITED financials
Frimpeks Limited's latest turnover from December 2023 is £21.8 million and the company has net assets of -£48.5 thousand. According to their latest financial statements, Frimpeks Limited has 74 employees and maintains cash reserves of £384.5 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 21,822,529 | 29,490,988 | 18,828,102 | 16,496,671 | 14,374,501 | 8,751,317 | 5,811,071 | 2,269,787 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 21,976,989 | 26,498,550 | 17,591,340 | 15,908,827 | 14,447,690 | 8,794,653 | 5,172,143 | 1,882,226 | |
| Gross Profit | -154,460 | 2,992,438 | 1,236,762 | 587,844 | -73,189 | -43,336 | 638,928 | 387,561 | |
| Admin Expenses | 1,648,676 | 1,820,182 | 1,225,949 | 1,062,935 | 1,416,124 | 1,150,029 | 440,446 | 342,302 | |
| Operating Profit | -1,803,136 | 1,172,256 | 10,813 | -475,091 | -1,489,313 | -1,193,365 | 198,482 | 45,259 | |
| Interest Payable | 364,133 | 137,460 | 8,948 | 0 | 839 | 0 | 0 | 0 | |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pre-Tax Profit | -2,167,269 | 1,034,796 | 1,865 | -475,091 | -1,490,152 | -1,193,365 | 198,482 | 45,259 | |
| Tax | -1,097,053 | -74,374 | 384,175 | 90,267 | 284,717 | 226,242 | -22,332 | -28,100 | |
| Profit After Tax | -3,264,322 | 960,422 | 386,040 | -384,824 | -1,205,435 | -967,123 | 176,150 | 17,159 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | -3,264,322 | 960,422 | 386,040 | -384,824 | -1,205,435 | -967,123 | 176,150 | 17,159 | |
| Employee Costs | 3,077,658 | 3,141,632 | 2,151,308 | 1,934,792 | 1,822,220 | ||||
| Number Of Employees | 74 | 76 | 63 | 61 | 63 | 63 | 37 | 22 | 14 |
| EBITDA* | -1,459,635 | 1,504,068 | 269,087 | -229,934 | -1,266,751 | -1,009,220 | 227,716 | 57,150 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,104,343 | 1,269,646 | 2,210,500 | 2,292,826 | 2,427,829 | 1,625,792 | 1,605,042 | 697,347 | 140,501 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 1,097,053 | 1,224,063 | 1,125,510 | 1,035,243 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,104,343 | 2,366,699 | 2,210,500 | 2,292,826 | 2,427,829 | 1,625,792 | 1,605,042 | 697,347 | 140,501 |
| Stock & work in progress | 3,787,157 | 8,555,964 | 2,954,466 | 2,361,981 | 2,481,243 | 2,221,786 | 2,255,261 | 1,188,744 | 498,599 |
| Trade Debtors | 3,443,424 | 5,670,350 | 4,916,866 | 3,347,603 | 2,888,696 | 3,780,016 | 1,909,573 | 1,122,758 | 299,969 |
| Group Debtors | 735,582 | 233,500 | 172,536 | 332,503 | 203,467 | 0 | 452,977 | 688,740 | 463,039 |
| Misc Debtors | 216,490 | 191,993 | 203,335 | 297,878 | 223,546 | 0 | 605,088 | 197,259 | 116,394 |
| Cash | 384,467 | 429,395 | 368,554 | 353,309 | 222,666 | 197,897 | 27,874 | 106,312 | 28,971 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,567,120 | 15,081,202 | 8,615,757 | 6,693,274 | 6,019,618 | 6,199,699 | 5,250,773 | 3,303,813 | 1,406,972 |
| total assets | 9,671,463 | 17,447,901 | 10,826,257 | 8,986,100 | 8,447,447 | 7,825,491 | 6,855,815 | 4,001,160 | 1,547,473 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,660,432 | 6,945,443 | 3,726,984 | 2,744,744 | 2,957,297 | 7,065,852 | 1,895,950 | 1,241,943 | 774,802 |
| Group/Directors Accounts | 5,193,522 | 4,469,323 | 0 | 0 | 0 | 0 | 3,775,339 | 2,265,555 | 486,980 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,865,989 | 2,817,293 | 4,843,853 | 4,371,976 | 5,935,946 | 0 | 958,340 | 49,921 | 40,432 |
| total current liabilities | 9,719,943 | 14,232,059 | 8,570,837 | 7,116,720 | 8,893,243 | 7,065,852 | 6,629,629 | 3,557,419 | 1,302,214 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50,432 | 28,100 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50,432 | 28,100 |
| total liabilities | 9,719,943 | 14,232,059 | 8,570,837 | 7,116,720 | 8,893,243 | 7,065,852 | 6,629,629 | 3,607,851 | 1,330,314 |
| net assets | -48,480 | 3,215,842 | 2,255,420 | 1,869,380 | -445,796 | 759,639 | 226,186 | 393,309 | 217,159 |
| total shareholders funds | -48,480 | 3,215,842 | 2,255,420 | 1,869,380 | -445,796 | 759,639 | 226,186 | 393,309 | 217,159 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | -1,803,136 | 1,172,256 | 10,813 | -475,091 | -1,489,313 | -1,193,365 | 198,482 | 45,259 | |
| Depreciation | 343,501 | 331,812 | 258,274 | 245,157 | 222,562 | 288,062 | 184,145 | 29,234 | 11,891 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -1,097,053 | -74,374 | 384,175 | 90,267 | 284,717 | 226,242 | -22,332 | -28,100 | |
| Stock | -4,768,807 | 5,601,498 | 592,485 | -119,262 | 259,457 | -33,475 | 1,066,517 | 690,145 | 498,599 |
| Debtors | -2,797,400 | 676,096 | 1,413,306 | 752,542 | 570,936 | 812,378 | 958,881 | 1,129,355 | 879,402 |
| Creditors | -4,285,011 | 3,218,459 | 982,240 | -212,553 | -4,108,555 | 5,169,902 | 654,007 | 467,141 | 774,802 |
| Accruals and Deferred Income | -951,304 | -2,026,560 | 471,877 | -1,563,970 | 5,935,946 | -958,340 | 908,419 | 9,489 | 40,432 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | -50,432 | 22,332 | 28,100 |
| Cash flow from operations | -226,796 | -3,656,001 | 101,588 | -2,549,470 | 14,964 | -1,296,382 | -1,115,154 | -505,617 | |
| Investing Activities | |||||||||
| capital expenditure | 0 | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | ||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 724,199 | 4,469,323 | 0 | 0 | 0 | -3,775,339 | 1,509,784 | 1,778,575 | 486,980 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | -364,133 | -137,460 | -8,948 | 0 | -839 | 0 | 0 | 0 | |
| cash flow from financing | 360,066 | 4,331,863 | -8,948 | 2,700,000 | -839 | 2,309,784 | 1,778,575 | 686,980 | |
| cash and cash equivalents | |||||||||
| cash | -44,928 | 60,841 | 15,245 | 130,643 | 24,769 | 170,023 | -78,438 | 77,341 | 28,971 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -44,928 | 60,841 | 15,245 | 130,643 | 24,769 | 170,023 | -78,438 | 77,341 | 28,971 |
frimpeks limited Credit Report and Business Information
Frimpeks Limited Competitor Analysis
Perform a competitor analysis for frimpeks limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in LE16 area or any other competitors across 12 key performance metrics.
frimpeks limited Ownership
FRIMPEKS LIMITED group structure
Frimpeks Limited has no subsidiary companies.
Ultimate parent company
FRIMPEKS KIMYA VE ETIKET SANAYI TICARET
#0099472
1 parent
FRIMPEKS LIMITED
09390816
frimpeks limited directors
Frimpeks Limited currently has 2 directors. The longest serving directors include Mr Emre Sayer (Nov 2016) and Mr Lee Unsworth (Mar 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Emre Sayer | England | 47 years | Nov 2016 | - | Director |
| Mr Lee Unsworth | England | 48 years | Mar 2018 | - | Director |
P&L
December 2023turnover
21.8m
-26%
operating profit
-1.8m
-254%
gross margin
-0.7%
-106.98%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-48.5k
-1.02%
total assets
9.7m
-0.45%
cash
384.5k
-0.1%
net assets
Total assets minus all liabilities
frimpeks limited company details
company number
09390816
Type
Private limited with Share Capital
industry
17290 - Manufacture of other articles of paper and paperboard
incorporation date
January 2015
age
10
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
MENZIES LLP
address
1b euro business park, market harborough, leicestershire, LE16 7QF
Bank
-
Legal Advisor
-
frimpeks 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 3 charges/mortgages relating to frimpeks limited. Currently there are 2 open charges and 1 have been satisfied in the past.
frimpeks 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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frimpeks limited Companies House Filings - See Documents
| date | description | view/download |
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