clean tech u.k. limited
clean tech u.k. limited Company Information
Company Number
10445078
Next Accounts
Jul 2025
Shareholders
plastipak uk ltd
Group Structure
View All
Industry
Manufacture of other plastic products
Registered Address
hangar 4 hemswell business park, hemswell, lincolnshire, DN21 5TU
Website
www.clean-tech.euclean tech u.k. limited Estimated Valuation
Pomanda estimates the enterprise value of CLEAN TECH U.K. LIMITED at £42.9m based on a Turnover of £58.8m and 0.73x industry multiple (adjusted for size and gross margin).
clean tech u.k. limited Estimated Valuation
Pomanda estimates the enterprise value of CLEAN TECH U.K. LIMITED at £0 based on an EBITDA of £-351k and a 5.61x industry multiple (adjusted for size and gross margin).
clean tech u.k. limited Estimated Valuation
Pomanda estimates the enterprise value of CLEAN TECH U.K. LIMITED at £14.6m based on Net Assets of £8.8m and 1.67x industry multiple (adjusted for liquidity).
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Clean Tech U.k. Limited Overview
Clean Tech U.k. Limited is a live company located in lincolnshire, DN21 5TU with a Companies House number of 10445078. It operates in the manufacture of other plastic products sector, SIC Code 22290. Founded in October 2016, it's largest shareholder is plastipak uk ltd with a 100% stake. Clean Tech U.k. Limited is a young, large sized company, Pomanda has estimated its turnover at £58.8m with healthy growth in recent years.
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Clean Tech U.k. Limited Health Check
Pomanda's financial health check has awarded Clean Tech U.K. Limited a 3.5 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 £58.8m, make it larger than the average company (£15.7m)
£58.8m - Clean Tech U.k. Limited
£15.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (7.6%)
7% - Clean Tech U.k. Limited
7.6% - Industry AVG
Production
with a gross margin of 16.9%, this company has a higher cost of product (26.5%)
16.9% - Clean Tech U.k. Limited
26.5% - Industry AVG
Profitability
an operating margin of -3% make it less profitable than the average company (5.5%)
-3% - Clean Tech U.k. Limited
5.5% - Industry AVG
Employees
with 157 employees, this is above the industry average (93)
157 - Clean Tech U.k. Limited
93 - Industry AVG
Pay Structure
on an average salary of £47.5k, the company has a higher pay structure (£36.2k)
£47.5k - Clean Tech U.k. Limited
£36.2k - Industry AVG
Efficiency
resulting in sales per employee of £374.7k, this is more efficient (£166.3k)
£374.7k - Clean Tech U.k. Limited
£166.3k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is earlier than average (53 days)
10 days - Clean Tech U.k. Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 42 days, this is close to average (41 days)
42 days - Clean Tech U.k. Limited
41 days - Industry AVG
Stock Days
it holds stock equivalent to 48 days, this is less than average (60 days)
48 days - Clean Tech U.k. Limited
60 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - Clean Tech U.k. Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 63.3%, this is a higher level of debt than the average (42.4%)
63.3% - Clean Tech U.k. Limited
42.4% - Industry AVG
CLEAN TECH U.K. LIMITED financials
Clean Tech U.K. Limited's latest turnover from October 2023 is £58.8 million and the company has net assets of £8.8 million. According to their latest financial statements, Clean Tech U.K. Limited has 157 employees and maintains cash reserves of £139 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 | |
|---|---|---|---|---|---|---|---|
| Turnover | 58,823,000 | 78,304,000 | 51,316,000 | 47,916,000 | 41,042,000 | 27,010,000 | 27,890,000 |
| Other Income Or Grants | |||||||
| Cost Of Sales | 48,885,000 | 60,348,000 | 38,637,000 | 37,407,000 | 30,762,000 | 22,453,000 | 28,033,000 |
| Gross Profit | 9,938,000 | 17,956,000 | 12,679,000 | 10,509,000 | 10,280,000 | 4,557,000 | -143,000 |
| Admin Expenses | 11,722,000 | 13,658,000 | 10,997,000 | 10,749,000 | 10,314,000 | 9,776,000 | 5,497,000 |
| Operating Profit | -1,784,000 | 4,298,000 | 1,682,000 | -240,000 | -34,000 | -5,219,000 | -5,640,000 |
| Interest Payable | 767,000 | 653,000 | 377,000 | 1,042,000 | 682,000 | 435,000 | 200,000 |
| Interest Receivable | 18,000 | ||||||
| Pre-Tax Profit | -2,142,000 | 3,811,000 | 1,689,000 | -925,000 | -477,000 | -5,666,000 | -5,772,000 |
| Tax | 295,000 | 1,183,000 | 569,000 | ||||
| Profit After Tax | -1,847,000 | 4,994,000 | 2,258,000 | -925,000 | -477,000 | -5,666,000 | -5,772,000 |
| Dividends Paid | |||||||
| Retained Profit | -1,847,000 | 4,994,000 | 2,258,000 | -925,000 | -477,000 | -5,666,000 | -5,772,000 |
| Employee Costs | 7,459,000 | 7,258,000 | 6,036,000 | 5,985,000 | 6,029,000 | 5,467,000 | 5,081,000 |
| Number Of Employees | 157 | 151 | 149 | 151 | 159 | 148 | 125 |
| EBITDA* | -351,000 | 6,427,000 | 3,669,000 | 1,617,000 | 1,012,000 | -4,452,000 | -4,876,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 8,492,000 | 9,728,000 | 11,469,000 | 11,866,000 | 13,041,000 | 11,812,000 | 5,667,000 |
| Intangible Assets | 4,000 | 10,000 | 17,000 | 21,000 | 26,000 | ||
| Investments & Other | |||||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 8,496,000 | 9,738,000 | 11,486,000 | 11,887,000 | 13,067,000 | 11,812,000 | 5,667,000 |
| Stock & work in progress | 6,462,000 | 10,139,000 | 6,988,000 | 7,058,000 | 7,089,000 | 3,108,000 | 2,832,000 |
| Trade Debtors | 1,621,000 | 1,824,000 | 1,385,000 | 1,162,000 | 1,523,000 | 3,558,000 | 2,195,000 |
| Group Debtors | 3,666,000 | 7,626,000 | 6,113,000 | 3,613,000 | 4,588,000 | 2,351,000 | 977,000 |
| Misc Debtors | 2,678,000 | 2,463,000 | 1,374,000 | 832,000 | 665,000 | 798,000 | 797,000 |
| Cash | 139,000 | 92,000 | 37,000 | 103,000 | 34,000 | 119,000 | |
| misc current assets | 795,000 | 1,296,000 | |||||
| total current assets | 15,361,000 | 23,348,000 | 15,952,000 | 12,702,000 | 13,968,000 | 9,849,000 | 6,920,000 |
| total assets | 23,857,000 | 33,086,000 | 27,438,000 | 24,589,000 | 27,035,000 | 21,661,000 | 12,587,000 |
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 5,740,000 | 9,267,000 | 5,695,000 | 3,949,000 | 4,267,000 | 5,097,000 | 1,668,000 |
| Group/Directors Accounts | 41,000 | 5,350,000 | 281,000 | 319,000 | 346,000 | 54,000 | |
| other short term finances | |||||||
| hp & lease commitments | |||||||
| other current liabilities | 3,081,000 | 1,627,000 | 2,475,000 | 2,018,000 | 1,435,000 | 972,000 | 1,656,000 |
| total current liabilities | 8,862,000 | 16,244,000 | 8,451,000 | 6,286,000 | 6,048,000 | 6,123,000 | 3,324,000 |
| loans | 6,230,000 | 6,230,000 | 13,369,000 | 14,943,000 | 26,702,000 | 20,776,000 | 8,835,000 |
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | |||||||
| provisions | |||||||
| total long term liabilities | 6,230,000 | 6,230,000 | 13,369,000 | 14,943,000 | 26,702,000 | 20,776,000 | 8,835,000 |
| total liabilities | 15,092,000 | 22,474,000 | 21,820,000 | 21,229,000 | 32,750,000 | 26,899,000 | 12,159,000 |
| net assets | 8,765,000 | 10,612,000 | 5,618,000 | 3,360,000 | -5,715,000 | -5,238,000 | 428,000 |
| total shareholders funds | 8,765,000 | 10,612,000 | 5,618,000 | 3,360,000 | -5,715,000 | -5,238,000 | 428,000 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -1,784,000 | 4,298,000 | 1,682,000 | -240,000 | -34,000 | -5,219,000 | -5,640,000 |
| Depreciation | 1,433,000 | 2,129,000 | 1,987,000 | 1,857,000 | 1,046,000 | 767,000 | 764,000 |
| Amortisation | |||||||
| Tax | 295,000 | 1,183,000 | 569,000 | ||||
| Stock | -3,677,000 | 3,151,000 | -70,000 | -31,000 | 3,981,000 | 276,000 | 2,832,000 |
| Debtors | -3,948,000 | 3,041,000 | 3,265,000 | -1,169,000 | 69,000 | 2,738,000 | 3,969,000 |
| Creditors | -3,527,000 | 3,572,000 | 1,746,000 | -318,000 | -830,000 | 3,429,000 | 1,668,000 |
| Accruals and Deferred Income | 1,454,000 | -848,000 | 457,000 | 583,000 | 463,000 | -684,000 | 1,656,000 |
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | 5,496,000 | 4,142,000 | 3,246,000 | 3,082,000 | -3,405,000 | -4,721,000 | -8,353,000 |
| Investing Activities | |||||||
| capital expenditure | -2,302,000 | -6,912,000 | -7,527,000 | ||||
| Change in Investments | |||||||
| cash flow from investments | -2,302,000 | -6,912,000 | -7,527,000 | ||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | -5,309,000 | 5,069,000 | -38,000 | -27,000 | 292,000 | 54,000 | |
| Other Short Term Loans | |||||||
| Long term loans | -7,139,000 | -1,574,000 | -11,759,000 | 5,926,000 | 11,941,000 | 8,835,000 | |
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | |||||||
| share issue | |||||||
| interest | -767,000 | -653,000 | -377,000 | -1,042,000 | -682,000 | -435,000 | -182,000 |
| cash flow from financing | -6,076,000 | -2,723,000 | -1,989,000 | -2,828,000 | 5,536,000 | 11,560,000 | 14,853,000 |
| cash and cash equivalents | |||||||
| cash | 139,000 | -92,000 | 55,000 | -66,000 | 69,000 | -85,000 | 119,000 |
| overdraft | |||||||
| change in cash | 139,000 | -92,000 | 55,000 | -66,000 | 69,000 | -85,000 | 119,000 |
clean tech u.k. limited Credit Report and Business Information
Clean Tech U.k. Limited Competitor Analysis
Perform a competitor analysis for clean tech u.k. limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in DN21 area or any other competitors across 12 key performance metrics.
clean tech u.k. limited Ownership
CLEAN TECH U.K. LIMITED group structure
Clean Tech U.K. Limited has no subsidiary companies.
Ultimate parent company
PLASTIPAK HOLDINGS INC
#0100920
2 parents
CLEAN TECH U.K. LIMITED
10445078
clean tech u.k. limited directors
Clean Tech U.K. Limited currently has 3 directors. The longest serving directors include Mr Michael Plotzke (Oct 2016) and Mr William Young (Oct 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Plotzke | United States | 67 years | Oct 2016 | - | Director |
| Mr William Young | United States | 84 years | Oct 2016 | - | Director |
| Mr Matthew Franz | United States | 65 years | Sep 2020 | - | Director |
P&L
October 2023turnover
58.8m
-25%
operating profit
-1.8m
-142%
gross margin
16.9%
-26.32%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
8.8m
-0.17%
total assets
23.9m
-0.28%
cash
139k
0%
net assets
Total assets minus all liabilities
clean tech u.k. limited company details
company number
10445078
Type
Private limited with Share Capital
industry
22290 - Manufacture of other plastic products
incorporation date
October 2016
age
9
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
October 2023
previous names
clean tech europe limited (November 2016)
accountant
-
auditor
GRANT THORNTON
address
hangar 4 hemswell business park, hemswell, lincolnshire, DN21 5TU
Bank
CITIBANK PLC
Legal Advisor
-
clean tech u.k. 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 clean tech u.k. limited.
clean tech u.k. limited Capital Raised & Share Issues BETA
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clean tech u.k. limited Companies House Filings - See Documents
| date | description | view/download |
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