new horizon plastics co ltd
new horizon plastics co ltd Company Information
Company Number
11777585
Next Accounts
94 days late
Shareholders
philip roger thomas
Group Structure
View All
Industry
Recovery of sorted materials
Registered Address
st.john's chambers love street, chester, CH1 1QY
Website
www.newhorizonplastics.co.uknew horizon plastics co ltd Estimated Valuation
Pomanda estimates the enterprise value of NEW HORIZON PLASTICS CO LTD at £6.2m based on a Turnover of £9m and 0.69x industry multiple (adjusted for size and gross margin).
new horizon plastics co ltd Estimated Valuation
Pomanda estimates the enterprise value of NEW HORIZON PLASTICS CO LTD at £13.7m based on an EBITDA of £3.1m and a 4.47x industry multiple (adjusted for size and gross margin).
new horizon plastics co ltd Estimated Valuation
Pomanda estimates the enterprise value of NEW HORIZON PLASTICS CO LTD at £5.9m based on Net Assets of £2.5m and 2.34x industry multiple (adjusted for liquidity).
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New Horizon Plastics Co Ltd Overview
New Horizon Plastics Co Ltd is a live company located in chester, CH1 1QY with a Companies House number of 11777585. It operates in the recovery of sorted materials sector, SIC Code 38320. Founded in January 2019, it's largest shareholder is philip roger thomas with a 100% stake. New Horizon Plastics Co Ltd is a young, mid sized company, Pomanda has estimated its turnover at £9m with rapid growth in recent years.
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New Horizon Plastics Co Ltd Health Check
Pomanda's financial health check has awarded New Horizon Plastics Co Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
3 Weak
Size
annual sales of £9m, make it smaller than the average company (£14m)
- New Horizon Plastics Co Ltd
£14m - Industry AVG
Growth
3 year (CAGR) sales growth of 74%, show it is growing at a faster rate (11.3%)
- New Horizon Plastics Co Ltd
11.3% - Industry AVG
Production
with a gross margin of 23.1%, this company has a comparable cost of product (23.1%)
- New Horizon Plastics Co Ltd
23.1% - Industry AVG
Profitability
an operating margin of 20.7% make it more profitable than the average company (7.4%)
- New Horizon Plastics Co Ltd
7.4% - Industry AVG
Employees
with 28 employees, this is below the industry average (39)
28 - New Horizon Plastics Co Ltd
39 - Industry AVG
Pay Structure
on an average salary of £36.6k, the company has an equivalent pay structure (£36.6k)
- New Horizon Plastics Co Ltd
£36.6k - Industry AVG
Efficiency
resulting in sales per employee of £322.8k, this is equally as efficient (£363k)
- New Horizon Plastics Co Ltd
£363k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is earlier than average (30 days)
- New Horizon Plastics Co Ltd
30 days - Industry AVG
Creditor Days
its suppliers are paid after 120 days, this is slower than average (33 days)
- New Horizon Plastics Co Ltd
33 days - Industry AVG
Stock Days
it holds stock equivalent to 6 days, this is less than average (13 days)
- New Horizon Plastics Co Ltd
13 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 32 weeks, this is more cash available to meet short term requirements (17 weeks)
32 weeks - New Horizon Plastics Co Ltd
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84.1%, this is a higher level of debt than the average (53.1%)
84.1% - New Horizon Plastics Co Ltd
53.1% - Industry AVG
NEW HORIZON PLASTICS CO LTD financials
New Horizon Plastics Co Ltd's latest turnover from January 2023 is estimated at £9 million and the company has net assets of £2.5 million. According to their latest financial statements, New Horizon Plastics Co Ltd has 28 employees and maintains cash reserves of £7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | |
|---|---|---|---|---|---|
| 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 | 28 | 21 | 10 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 6,702,351 | 4,336,554 | 3,723,819 | 1,339,603 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 6,702,351 | 4,336,554 | 3,723,819 | 1,339,603 | 0 |
| Stock & work in progress | 125,000 | 105,000 | 55,000 | 65,000 | 0 |
| Trade Debtors | 173,727 | 61,990 | 1,942 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,965,740 | 659,306 | 483,717 | 99,983 | 0 |
| Cash | 6,953,293 | 269,792 | 82,316 | 510,839 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 9,217,760 | 1,096,088 | 622,975 | 675,822 | 0 |
| total assets | 15,920,111 | 5,432,642 | 4,346,794 | 2,015,425 | 0 |
| Bank overdraft | 9,884 | 23,104 | 81,208 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,289,205 | 489,036 | 464,062 | 211,272 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 760,065 | 554,279 | 299,523 | 105,417 | 0 |
| other current liabilities | 8,124,058 | 1,504,537 | 865,120 | 527,586 | 0 |
| total current liabilities | 11,183,212 | 2,570,956 | 1,709,913 | 844,275 | 0 |
| loans | 28,197 | 37,500 | 0 | 0 | 0 |
| hp & lease commitments | 1,587,528 | 1,513,151 | 760,279 | 339,074 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 590,670 | 394,124 | 305,618 | 163,023 | 0 |
| total long term liabilities | 2,206,395 | 1,944,775 | 1,065,897 | 502,097 | 0 |
| total liabilities | 13,389,607 | 4,515,731 | 2,775,810 | 1,346,372 | 0 |
| net assets | 2,530,504 | 916,911 | 1,570,984 | 669,053 | 0 |
| total shareholders funds | 2,530,504 | 916,911 | 1,570,984 | 669,053 | 0 |
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 1,198,249 | 790,339 | 687,523 | 250,382 | |
| Amortisation | 0 | 0 | 0 | 0 | |
| Tax | |||||
| Stock | 20,000 | 50,000 | -10,000 | 65,000 | 0 |
| Debtors | 1,418,171 | 235,637 | 385,676 | 99,983 | 0 |
| Creditors | 1,800,169 | 24,974 | 252,790 | 211,272 | 0 |
| Accruals and Deferred Income | 6,619,521 | 639,417 | 337,534 | 527,586 | 0 |
| Deferred Taxes & Provisions | 196,546 | 88,506 | 142,595 | 163,023 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -9,303 | 37,500 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 280,163 | 1,007,628 | 615,311 | 444,491 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 6,683,501 | 187,476 | -428,523 | 510,839 | 0 |
| overdraft | -13,220 | -58,104 | 81,208 | 0 | 0 |
| change in cash | 6,696,721 | 245,580 | -509,731 | 510,839 | 0 |
new horizon plastics co ltd Credit Report and Business Information
New Horizon Plastics Co Ltd Competitor Analysis
Perform a competitor analysis for new horizon plastics co ltd by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other mid companies, companies in CH1 area or any other competitors across 12 key performance metrics.
new horizon plastics co ltd Ownership
NEW HORIZON PLASTICS CO LTD group structure
New Horizon Plastics Co Ltd has no subsidiary companies.
Ultimate parent company
NEW HORIZON PLASTICS CO LTD
11777585
new horizon plastics co ltd directors
New Horizon Plastics Co Ltd currently has 3 directors. The longest serving directors include Mr Philip Thomas (Jan 2019) and Mrs Karyn Thomas (Jul 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Philip Thomas | England | 59 years | Jan 2019 | - | Director |
| Mrs Karyn Thomas | United Kingdom | 56 years | Jul 2022 | - | Director |
| Mrs Karyn Thomas | England | 56 years | Jul 2022 | - | Director |
P&L
January 2023turnover
9m
+244%
operating profit
1.9m
0%
gross margin
23.2%
-5.19%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
2.5m
+1.76%
total assets
15.9m
+1.93%
cash
7m
+24.77%
net assets
Total assets minus all liabilities
new horizon plastics co ltd company details
company number
11777585
Type
Private limited with Share Capital
industry
38320 - Recovery of sorted materials
incorporation date
January 2019
age
6
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
January 2023
previous names
N/A
accountant
MACLEAN & COMPANY
auditor
-
address
st.john's chambers love street, chester, CH1 1QY
Bank
-
Legal Advisor
-
new horizon plastics co 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 found 3 charges/mortgages relating to new horizon plastics co ltd. Currently there are 3 open charges and 0 have been satisfied in the past.
new horizon plastics co 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 NEW HORIZON PLASTICS CO LTD. This can take several minutes, an email will notify you when this has completed.
new horizon plastics co ltd Companies House Filings - See Documents
| date | description | view/download |
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