precise packaging limited
precise packaging limited Company Information
Company Number
09584946
Next Accounts
Feb 2026
Directors
Shareholders
michael peter hibbert
sally hibbert
Group Structure
View All
Industry
Wholesale of other intermediate products
Registered Address
1st floor waterside house, waterside drive, wigan, lancashire, WN3 5AZ
precise packaging limited Estimated Valuation
Pomanda estimates the enterprise value of PRECISE PACKAGING LIMITED at £757.2k based on a Turnover of £2.2m and 0.34x industry multiple (adjusted for size and gross margin).
precise packaging limited Estimated Valuation
Pomanda estimates the enterprise value of PRECISE PACKAGING LIMITED at £49.5k based on an EBITDA of £15k and a 3.31x industry multiple (adjusted for size and gross margin).
precise packaging limited Estimated Valuation
Pomanda estimates the enterprise value of PRECISE PACKAGING LIMITED at £389.7k based on Net Assets of £175.3k and 2.22x industry multiple (adjusted for liquidity).
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Precise Packaging Limited Overview
Precise Packaging Limited is a live company located in wigan, WN3 5AZ with a Companies House number of 09584946. It operates in the wholesale of other intermediate products sector, SIC Code 46760. Founded in May 2015, it's largest shareholder is michael peter hibbert with a 85.5% stake. Precise Packaging Limited is a established, small sized company, Pomanda has estimated its turnover at £2.2m with healthy growth in recent years.
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Precise Packaging Limited Health Check
Pomanda's financial health check has awarded Precise Packaging Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £2.2m, make it smaller than the average company (£18.9m)
- Precise Packaging Limited
£18.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (9.8%)
- Precise Packaging Limited
9.8% - Industry AVG
Production
with a gross margin of 27.2%, this company has a comparable cost of product (27.2%)
- Precise Packaging Limited
27.2% - Industry AVG
Profitability
an operating margin of -2.1% make it less profitable than the average company (6.3%)
- Precise Packaging Limited
6.3% - Industry AVG
Employees
with 3 employees, this is below the industry average (39)
3 - Precise Packaging Limited
39 - Industry AVG
Pay Structure
on an average salary of £46.6k, the company has an equivalent pay structure (£46.6k)
- Precise Packaging Limited
£46.6k - Industry AVG
Efficiency
resulting in sales per employee of £736.2k, this is more efficient (£420.3k)
- Precise Packaging Limited
£420.3k - Industry AVG
Debtor Days
it gets paid by customers after 71 days, this is later than average (55 days)
- Precise Packaging Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 86 days, this is slower than average (28 days)
- Precise Packaging Limited
28 days - Industry AVG
Stock Days
it holds stock equivalent to 38 days, this is less than average (78 days)
- Precise Packaging Limited
78 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 21 weeks, this is more cash available to meet short term requirements (14 weeks)
21 weeks - Precise Packaging Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 86%, this is a higher level of debt than the average (43.8%)
86% - Precise Packaging Limited
43.8% - Industry AVG
PRECISE PACKAGING LIMITED financials
Precise Packaging Limited's latest turnover from May 2024 is estimated at £2.2 million and the company has net assets of £175.3 thousand. According to their latest financial statements, Precise Packaging Limited has 3 employees and maintains cash reserves of £369.3 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 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 3 | 4 | 4 | 3 | 3 | 3 | 3 | 3 |
| EBITDA* |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 218,239 | 173,369 | 133,058 | 14,669 | 12,516 | 16,181 | 21,271 | 21,355 | 30,473 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 218,239 | 173,369 | 133,058 | 14,669 | 12,516 | 16,181 | 21,271 | 21,355 | 30,473 |
| Stock & work in progress | 168,811 | 157,873 | 175,708 | 144,343 | 82,817 | 99,212 | 111,341 | 84,885 | 59,629 |
| Trade Debtors | 431,553 | 349,457 | 346,922 | 295,975 | 198,050 | 325,744 | 415,693 | 210,900 | 209,333 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 68,174 | 51,205 | 73,257 | 95,184 | 130,014 | 141,231 | 82,215 | 65,577 | 22,842 |
| Cash | 369,307 | 362,585 | 426,482 | 254,633 | 60,798 | 50,609 | 36,437 | 26,178 | 29,369 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,037,845 | 921,120 | 1,022,369 | 790,135 | 471,679 | 616,796 | 645,686 | 387,540 | 321,173 |
| total assets | 1,256,084 | 1,094,489 | 1,155,427 | 804,804 | 484,195 | 632,977 | 666,957 | 408,895 | 351,646 |
| Bank overdraft | 40,000 | 40,000 | 40,000 | 0 | 0 | 0 | 368,321 | 87,776 | 163,491 |
| Bank loan | 0 | 0 | 0 | 39,923 | 192,226 | 298,064 | 0 | 0 | 0 |
| Trade Creditors | 379,211 | 364,340 | 314,005 | 226,849 | 131,397 | 228,622 | 181,832 | 231,053 | 125,491 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 34,561 | 13,346 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 436,611 | 318,090 | 447,138 | 275,493 | 60,123 | 37,882 | 56,550 | 53,240 | 31,466 |
| total current liabilities | 890,383 | 735,776 | 801,143 | 542,265 | 383,746 | 564,568 | 606,703 | 372,069 | 320,448 |
| loans | 56,667 | 100,000 | 140,000 | 177,800 | 64,980 | 35,263 | 31,508 | 35,126 | 0 |
| hp & lease commitments | 133,733 | 43,219 | 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 | 23,148 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 190,400 | 143,219 | 140,000 | 177,800 | 64,980 | 35,263 | 31,508 | 35,126 | 23,148 |
| total liabilities | 1,080,783 | 878,995 | 941,143 | 720,065 | 448,726 | 599,831 | 638,211 | 407,195 | 343,596 |
| net assets | 175,301 | 215,494 | 214,284 | 84,739 | 35,469 | 33,146 | 28,746 | 1,700 | 8,050 |
| total shareholders funds | 175,301 | 215,494 | 214,284 | 84,739 | 35,469 | 33,146 | 28,746 | 1,700 | 8,050 |
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 61,060 | 34,237 | 4,287 | 3,460 | 3,665 | 5,089 | 8,767 | 7,718 | 9,465 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | 10,938 | -17,835 | 31,365 | 61,526 | -16,395 | -12,129 | 26,456 | 25,256 | 59,629 |
| Debtors | 99,065 | -19,517 | 29,020 | 63,095 | -138,911 | -30,933 | 221,431 | 44,302 | 232,175 |
| Creditors | 14,871 | 50,335 | 87,156 | 95,452 | -97,225 | 46,790 | -49,221 | 105,562 | 125,491 |
| Accruals and Deferred Income | 118,521 | -129,048 | 171,645 | 215,370 | 22,241 | -18,668 | 3,310 | 21,774 | 31,466 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | -39,923 | -152,303 | -105,838 | 298,064 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -43,333 | -40,000 | -37,800 | 112,820 | 29,717 | 3,755 | -3,618 | 35,126 | 0 |
| Hire Purchase and Lease Commitments | 111,729 | 56,565 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -23,148 | 23,148 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 6,722 | -63,897 | 171,849 | 193,835 | 10,189 | 14,172 | 10,259 | -3,191 | 29,369 |
| overdraft | 0 | 0 | 40,000 | 0 | 0 | -368,321 | 280,545 | -75,715 | 163,491 |
| change in cash | 6,722 | -63,897 | 131,849 | 193,835 | 10,189 | 382,493 | -270,286 | 72,524 | -134,122 |
precise packaging limited Credit Report and Business Information
Precise Packaging Limited Competitor Analysis
Perform a competitor analysis for precise packaging 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 WN3 area or any other competitors across 12 key performance metrics.
precise packaging limited Ownership
PRECISE PACKAGING LIMITED group structure
Precise Packaging Limited has no subsidiary companies.
Ultimate parent company
PRECISE PACKAGING LIMITED
09584946
precise packaging limited directors
Precise Packaging Limited currently has 1 director, Mr Michael Hibbert serving since May 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Hibbert | England | 49 years | May 2015 | - | Director |
P&L
May 2024turnover
2.2m
+15%
operating profit
-46.1k
0%
gross margin
27.2%
+9.48%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2024net assets
175.3k
-0.19%
total assets
1.3m
+0.15%
cash
369.3k
+0.02%
net assets
Total assets minus all liabilities
precise packaging limited company details
company number
09584946
Type
Private limited with Share Capital
industry
46760 - Wholesale of other intermediate products
incorporation date
May 2015
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
May 2024
previous names
N/A
accountant
NRB
auditor
-
address
1st floor waterside house, waterside drive, wigan, lancashire, WN3 5AZ
Bank
-
Legal Advisor
-
precise packaging 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 precise packaging limited. Currently there are 3 open charges and 0 have been satisfied in the past.
precise packaging 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.
Click to start generating capital raising & share issue transactions for PRECISE PACKAGING LIMITED. This can take several minutes, an email will notify you when this has completed.
precise packaging limited Companies House Filings - See Documents
| date | description | view/download |
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