plastipak uk ltd
plastipak uk ltd Company Information
Company Number
09582502
Next Accounts
Jul 2025
Shareholders
plastipak bawt sarl
Group Structure
View All
Industry
Manufacture of plastic packing goods
Registered Address
gresford industrial park, chester road, wrexham, LL12 8LX
Website
www.plastipakeurope.complastipak uk ltd Estimated Valuation
Pomanda estimates the enterprise value of PLASTIPAK UK LTD at £164.2m based on a Turnover of £190.1m and 0.86x industry multiple (adjusted for size and gross margin).
plastipak uk ltd Estimated Valuation
Pomanda estimates the enterprise value of PLASTIPAK UK LTD at £14m based on an EBITDA of £2.2m and a 6.24x industry multiple (adjusted for size and gross margin).
plastipak uk ltd Estimated Valuation
Pomanda estimates the enterprise value of PLASTIPAK UK LTD at £0 based on Net Assets of £-1.3m and 2.06x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Plastipak Uk Ltd Overview
Plastipak Uk Ltd is a live company located in wrexham, LL12 8LX with a Companies House number of 09582502. It operates in the manufacture of plastic packing goods sector, SIC Code 22220. Founded in May 2015, it's largest shareholder is plastipak bawt sarl with a 100% stake. Plastipak Uk Ltd is a established, mega sized company, Pomanda has estimated its turnover at £190.1m with healthy growth in recent years.
Upgrade for unlimited company reports & a free credit check
Plastipak Uk Ltd Health Check
Pomanda's financial health check has awarded Plastipak Uk Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £190.1m, make it larger than the average company (£25.6m)
£190.1m - Plastipak Uk Ltd
£25.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (7.7%)
5% - Plastipak Uk Ltd
7.7% - Industry AVG
Production
with a gross margin of 14.3%, this company has a higher cost of product (18%)
14.3% - Plastipak Uk Ltd
18% - Industry AVG
Profitability
an operating margin of -1.5% make it less profitable than the average company (3.5%)
-1.5% - Plastipak Uk Ltd
3.5% - Industry AVG
Employees
with 413 employees, this is above the industry average (99)
413 - Plastipak Uk Ltd
99 - Industry AVG
Pay Structure
on an average salary of £53.6k, the company has a higher pay structure (£39.3k)
£53.6k - Plastipak Uk Ltd
£39.3k - Industry AVG
Efficiency
resulting in sales per employee of £460.2k, this is more efficient (£265.2k)
£460.2k - Plastipak Uk Ltd
£265.2k - Industry AVG
Debtor Days
it gets paid by customers after 21 days, this is earlier than average (62 days)
21 days - Plastipak Uk Ltd
62 days - Industry AVG
Creditor Days
its suppliers are paid after 79 days, this is slower than average (47 days)
79 days - Plastipak Uk Ltd
47 days - Industry AVG
Stock Days
it holds stock equivalent to 45 days, this is in line with average (55 days)
45 days - Plastipak Uk Ltd
55 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (6 weeks)
0 weeks - Plastipak Uk Ltd
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 101.4%, this is a higher level of debt than the average (56.5%)
101.4% - Plastipak Uk Ltd
56.5% - Industry AVG
PLASTIPAK UK LTD financials
Plastipak Uk Ltd's latest turnover from October 2023 is £190.1 million and the company has net assets of -£1.3 million. According to their latest financial statements, Plastipak Uk Ltd has 413 employees and maintains cash reserves of £170 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 190,075,000 | 212,681,000 | 155,403,000 | 164,148,000 | 177,384,000 | 173,172,000 | 158,794,000 | 162,437,000 | 50,818,000 |
| Other Income Or Grants | |||||||||
| Cost Of Sales | 162,855,000 | 170,217,000 | 119,358,000 | 127,007,000 | 138,503,000 | 130,075,000 | 115,812,000 | 119,294,000 | 34,330,000 |
| Gross Profit | 27,220,000 | 42,464,000 | 36,045,000 | 37,141,000 | 38,881,000 | 43,097,000 | 42,982,000 | 43,143,000 | 16,488,000 |
| Admin Expenses | 30,136,000 | 35,564,000 | 31,264,000 | 32,101,000 | 44,794,000 | 38,547,000 | 38,924,000 | 38,724,000 | 14,973,000 |
| Operating Profit | -2,916,000 | 6,900,000 | 4,781,000 | 5,040,000 | -5,913,000 | 4,550,000 | 4,058,000 | 4,419,000 | 1,515,000 |
| Interest Payable | 4,938,000 | 3,616,000 | 1,249,000 | 5,003,000 | 1,734,000 | 2,002,000 | 2,474,000 | 1,870,000 | 605,000 |
| Interest Receivable | 21,000 | 11,000 | 3,391,000 | 29,000 | |||||
| Pre-Tax Profit | -7,833,000 | 3,295,000 | 6,923,000 | 66,000 | -5,800,000 | 1,671,000 | 2,198,000 | -6,226,000 | 395,000 |
| Tax | 1,123,000 | 1,499,000 | 97,000 | -20,000 | 1,009,000 | -347,000 | -519,000 | 1,165,000 | -203,000 |
| Profit After Tax | -6,710,000 | 4,794,000 | 7,020,000 | 46,000 | -4,791,000 | 1,324,000 | 1,679,000 | -5,061,000 | 192,000 |
| Dividends Paid | |||||||||
| Retained Profit | -6,710,000 | 4,794,000 | 7,020,000 | 46,000 | -4,791,000 | 1,324,000 | 1,679,000 | -5,061,000 | 192,000 |
| Employee Costs | 22,119,000 | 21,995,000 | 21,464,000 | 20,286,000 | 18,317,000 | 15,670,000 | 16,066,000 | 16,841,000 | 5,092,000 |
| Number Of Employees | 413 | 413 | 415 | 429 | 285 | 294 | 321 | 324 | 322 |
| EBITDA* | 2,236,000 | 12,528,000 | 12,010,000 | 13,563,000 | 884,000 | 11,417,000 | 10,838,000 | 11,098,000 | 3,302,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 24,158,000 | 22,077,000 | 24,927,000 | 28,749,000 | 21,525,000 | 24,371,000 | 28,460,000 | 30,580,000 | 31,842,000 |
| Intangible Assets | 382,000 | 637,000 | 934,000 | 1,236,000 | 1,450,000 | 1,818,000 | 1,905,000 | 2,234,000 | 2,658,000 |
| Investments & Other | 6,200,000 | 6,200,000 | 6,200,000 | ||||||
| Debtors (Due After 1 year) | 5,257,000 | 4,094,000 | |||||||
| Total Fixed Assets | 29,797,000 | 26,808,000 | 25,861,000 | 29,985,000 | 29,175,000 | 32,389,000 | 36,565,000 | 32,814,000 | 34,500,000 |
| Stock & work in progress | 20,297,000 | 28,324,000 | 21,441,000 | 19,301,000 | 14,870,000 | 12,328,000 | 13,098,000 | 13,094,000 | 12,732,000 |
| Trade Debtors | 10,953,000 | 26,436,000 | 21,843,000 | 16,733,000 | 19,301,000 | 14,288,000 | 23,614,000 | 20,243,000 | 28,543,000 |
| Group Debtors | 25,259,000 | 24,489,000 | 25,496,000 | 27,280,000 | 21,092,000 | 27,782,000 | 1,138,000 | 3,600,000 | 3,627,000 |
| Misc Debtors | 1,021,000 | 1,594,000 | 4,412,000 | 4,353,000 | 2,960,000 | 2,164,000 | 2,730,000 | 11,853,000 | 1,302,000 |
| Cash | 170,000 | 67,000 | 109,000 | 177,000 | 18,000 | 38,000 | 501,000 | 6,072,000 | |
| misc current assets | 795,000 | 1,296,000 | |||||||
| total current assets | 58,495,000 | 82,206,000 | 73,301,000 | 67,844,000 | 58,223,000 | 56,580,000 | 40,618,000 | 49,291,000 | 52,276,000 |
| total assets | 88,292,000 | 109,014,000 | 99,162,000 | 97,829,000 | 87,398,000 | 88,969,000 | 77,183,000 | 82,105,000 | 86,776,000 |
| Bank overdraft | |||||||||
| Bank loan | |||||||||
| Trade Creditors | 35,541,000 | 45,427,000 | 34,480,000 | 27,869,000 | 25,481,000 | 27,660,000 | 21,128,000 | 21,104,000 | 16,416,000 |
| Group/Directors Accounts | 8,596,000 | 9,896,000 | 9,972,000 | 18,761,000 | 12,543,000 | 9,469,000 | 3,930,000 | 4,297,000 | 5,431,000 |
| other short term finances | 1,743,000 | 860,000 | |||||||
| hp & lease commitments | 65,000 | ||||||||
| other current liabilities | 4,558,000 | 4,894,000 | 6,072,000 | 8,954,000 | 9,339,000 | 5,355,000 | 6,502,000 | 6,895,000 | 14,358,000 |
| total current liabilities | 48,695,000 | 60,217,000 | 50,524,000 | 55,584,000 | 49,106,000 | 42,484,000 | 31,560,000 | 32,296,000 | 37,130,000 |
| loans | 38,496,000 | 38,033,000 | 44,572,000 | 45,128,000 | 31,810,000 | 32,823,000 | 32,446,000 | 47,074,000 | 42,654,000 |
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | 133,000 | 853,000 | |||||||
| provisions | 2,252,000 | 4,578,000 | 1,721,000 | 1,680,000 | 1,536,000 | 1,496,000 | 1,456,000 | 16,451,000 | 4,877,000 |
| total long term liabilities | 40,881,000 | 42,611,000 | 47,760,000 | 48,687,000 | 33,508,000 | 36,904,000 | 38,274,000 | 64,378,000 | 47,531,000 |
| total liabilities | 89,576,000 | 102,828,000 | 98,284,000 | 104,271,000 | 82,614,000 | 79,388,000 | 69,834,000 | 96,674,000 | 84,661,000 |
| net assets | -1,284,000 | 6,186,000 | 878,000 | -6,442,000 | 4,784,000 | 9,581,000 | 7,349,000 | -14,569,000 | 2,115,000 |
| total shareholders funds | -1,284,000 | 6,186,000 | 878,000 | -6,442,000 | 4,784,000 | 9,581,000 | 7,349,000 | -14,569,000 | 2,115,000 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | -2,916,000 | 6,900,000 | 4,781,000 | 5,040,000 | -5,913,000 | 4,550,000 | 4,058,000 | 4,419,000 | 1,515,000 |
| Depreciation | 4,899,000 | 5,316,000 | 6,922,000 | 8,179,000 | 6,402,000 | 6,532,000 | 6,449,000 | 6,359,000 | 1,686,000 |
| Amortisation | 253,000 | 312,000 | 307,000 | 344,000 | 395,000 | 335,000 | 331,000 | 320,000 | 101,000 |
| Tax | 1,123,000 | 1,499,000 | 97,000 | -20,000 | 1,009,000 | -347,000 | -519,000 | 1,165,000 | -203,000 |
| Stock | -8,027,000 | 6,883,000 | 2,140,000 | 4,431,000 | 2,542,000 | -770,000 | 4,000 | 362,000 | 12,732,000 |
| Debtors | -14,123,000 | 4,862,000 | 3,385,000 | 5,013,000 | -881,000 | 16,752,000 | -8,214,000 | 2,224,000 | 33,472,000 |
| Creditors | -9,886,000 | 10,947,000 | 6,611,000 | 2,388,000 | -2,179,000 | 6,532,000 | 24,000 | 4,688,000 | 16,416,000 |
| Accruals and Deferred Income | -336,000 | -1,178,000 | -2,882,000 | -385,000 | 3,984,000 | -1,147,000 | -393,000 | -7,463,000 | 14,358,000 |
| Deferred Taxes & Provisions | -2,326,000 | 2,857,000 | 41,000 | 144,000 | 40,000 | 40,000 | -14,995,000 | 11,574,000 | 4,877,000 |
| Cash flow from operations | 12,961,000 | 14,908,000 | 10,352,000 | 6,246,000 | 2,077,000 | 513,000 | 3,165,000 | 18,476,000 | -7,454,000 |
| Investing Activities | |||||||||
| capital expenditure | -4,310,000 | -2,867,000 | -10,772,000 | -5,153,000 | -648,000 | ||||
| Change in Investments | -6,200,000 | 6,200,000 | |||||||
| cash flow from investments | 6,200,000 | -4,310,000 | -2,867,000 | -16,972,000 | -5,153,000 | -648,000 | |||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | -1,300,000 | -76,000 | -8,789,000 | 6,218,000 | 3,074,000 | 5,539,000 | -367,000 | -1,134,000 | 5,431,000 |
| Other Short Term Loans | -1,743,000 | 1,743,000 | -860,000 | 860,000 | |||||
| Long term loans | 463,000 | -6,539,000 | -556,000 | 13,318,000 | -1,013,000 | 377,000 | -14,628,000 | 4,420,000 | 42,654,000 |
| Hire Purchase and Lease Commitments | -65,000 | 65,000 | |||||||
| other long term liabilities | 133,000 | -853,000 | 853,000 | ||||||
| share issue | |||||||||
| interest | -4,917,000 | -3,605,000 | 2,142,000 | -4,974,000 | -1,734,000 | -2,002,000 | -2,474,000 | -1,870,000 | -605,000 |
| cash flow from financing | -6,381,000 | -9,706,000 | -6,903,000 | 1,547,000 | 2,064,000 | 4,822,000 | 1,917,000 | -10,279,000 | 50,328,000 |
| cash and cash equivalents | |||||||||
| cash | 103,000 | -42,000 | -68,000 | 177,000 | -18,000 | -20,000 | -463,000 | -5,571,000 | 6,072,000 |
| overdraft | |||||||||
| change in cash | 103,000 | -42,000 | -68,000 | 177,000 | -18,000 | -20,000 | -463,000 | -5,571,000 | 6,072,000 |
plastipak uk ltd Credit Report and Business Information
Plastipak Uk Ltd Competitor Analysis
Perform a competitor analysis for plastipak uk ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in LL12 area or any other competitors across 12 key performance metrics.
plastipak uk ltd Ownership
PLASTIPAK UK LTD group structure
Plastipak Uk Ltd has 1 subsidiary company.
Ultimate parent company
PLASTIPAK HOLDINGS INC
#0100920
PLASTIPAK BAWT SARL
#0100919
2 parents
PLASTIPAK UK LTD
09582502
1 subsidiary
plastipak uk ltd directors
Plastipak Uk Ltd currently has 4 directors. The longest serving directors include Mr William Young (May 2015) and Mr Michael Plotzke (May 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Young | United States | 84 years | May 2015 | - | Director |
| Mr Michael Plotzke | United States | 67 years | May 2015 | - | Director |
| Mr Matthew Franz | United States | 65 years | Sep 2020 | - | Director |
| Mr Matthew Franz | United States | 65 years | Sep 2020 | - | Director |
P&L
October 2023turnover
190.1m
-11%
operating profit
-2.9m
-142%
gross margin
14.4%
-28.27%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
-1.3m
-1.21%
total assets
88.3m
-0.19%
cash
170k
+1.54%
net assets
Total assets minus all liabilities
plastipak uk ltd company details
company number
09582502
Type
Private limited with Share Capital
industry
22220 - Manufacture of plastic packing goods
incorporation date
May 2015
age
10
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
October 2023
previous names
plastipak u.k., ltd. (July 2015)
accountant
-
auditor
GRANT THORNTON
address
gresford industrial park, chester road, wrexham, LL12 8LX
Bank
CITIBANK PLC
Legal Advisor
-
plastipak uk ltd 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 plastipak uk ltd.
plastipak uk ltd 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.
Click to start generating capital raising & share issue transactions for PLASTIPAK UK LTD. This can take several minutes, an email will notify you when this has completed.
plastipak uk ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
