Simpac (holdings) Limited

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simpac (holdings) limited Company Information

Company Number

SC375176

Next Accounts

May 2026

Directors

Luke Cobbett

Alexander Bole

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Shareholders

alexander bole

irene macfarlane cobbett

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Group Structure

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Industry

Manufacture of corrugated paper and paperboard; manufacture of sacks and bags of paper

Registered Address

spiersbridge business park, spiersbridge avenue, glasgow, G46 8NL

Website

www.simpac.co.uk

simpac (holdings) limited Estimated Valuation

£21.1m

Pomanda estimates the enterprise value of SIMPAC (HOLDINGS) LIMITED at £21.1m based on a Turnover of £30.9m and 0.69x industry multiple (adjusted for size and gross margin).

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Simpac (holdings) Limited is a live company located in glasgow, G46 8NL with a Companies House number of SC375176. It operates in the manufacture of corrugated paper and paperboard, sacks and bags sector, SIC Code 17211. Founded in March 2010, it's largest shareholder is alexander bole with a 45.9% stake. Simpac (holdings) Limited is a established, large sized company, Pomanda has estimated its turnover at £30.9m with healthy growth in recent years.

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Pomanda's financial health check has awarded Simpac (Holdings) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

4 Strong

7 Regular

1 Weak

Size

annual sales of £30.9m, make it in line with the average company (£30.9m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (8.8%)

EXPORT

Simpac (Holdings) Limited's latest turnover from August 2024 is £30.9 million and the company has net assets of £7.7 million. According to their latest financial statements, Simpac (Holdings) Limited has 133 employees and maintains cash reserves of £3.1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2024	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011
Turnover	30,861,156	30,352,343	28,070,666	25,229,348	24,109,085	26,881,217	30,760,514	26,468,956	25,328,551	29,507,950	36,498,267	35,542,721	34,422,527	44,478,209
Other Income Or Grants
Cost Of Sales	23,625,674	24,967,673	22,658,884	20,186,737	19,533,834	22,975,914	26,122,839	22,029,761	20,316,318	24,497,863	30,702,191	29,957,754	28,950,198	38,552,173
Gross Profit	7,235,482	5,384,670	5,411,782	5,042,611	4,575,251	3,905,303	4,637,675	4,439,195	5,012,233	5,010,087	5,796,076	5,584,967	5,472,329	5,926,036
Admin Expenses	4,719,129	3,716,122	3,885,843	3,679,238	3,325,981	3,198,027	3,715,197	3,371,552	3,752,055	3,100,220	4,043,870	3,278,704	3,956,413	3,883,704
Operating Profit	2,516,353	1,668,548	1,525,939	1,363,373	1,249,270	707,276	922,478	1,067,643	1,260,178	1,909,867	1,752,206	2,306,263	1,515,916	2,042,332
Interest Payable	71,462	158,759	89,583	49,137	38,031	54,444	21,741	13,681	18,488	30,032	40,486	85,886	140,485	299,342
Interest Receivable	9,384	23	7	29	525	56	527	2,038	4,136	5,005	3,821	3,565
Pre-Tax Profit	2,454,275	1,509,812	1,436,363	1,314,265	1,211,764	652,888	901,264	1,056,000	1,245,826	1,784,676	1,615,377	2,123,778	1,275,267	1,601,091
Tax	-671,662	-308,012	-316,199	-377,250	-304,217	-83,785	-200,762	-228,305	-262,620	-423,956	-383,940	-523,032	-348,088	-505,215
Profit After Tax	1,782,613	1,201,800	1,120,164	937,015	907,547	569,103	700,502	827,695	983,206	1,360,720	1,231,437	1,600,746	927,179	1,095,876
Dividends Paid	585,693	376,851	637,751	637,751	442,456	460,625	75,000	797,202	713,970	690,771	785,068	277,036	270,015	86,357
Retained Profit	1,196,920	824,949	482,413	299,264	465,091	108,478	625,502	30,493	269,236	669,949	446,369	1,323,710	657,164	1,009,519
Employee Costs	4,919,250	4,436,721	4,533,559	4,497,185	3,762,128	3,715,774	3,936,240	3,454,944	3,945,118	3,293,476	3,645,189	3,055,269	3,786,084	4,486,692
Number Of Employees	133	136	143	136	116	117	127	119	118	118	124	125	126	127
EBITDA*	2,815,189	2,451,199	2,184,615	1,885,407	1,713,452	1,179,115	1,283,733	1,387,889	1,549,600	2,150,897	1,935,134	2,475,779	1,745,848	2,391,166

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2024	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011
Tangible Assets	4,030,437	4,545,698	3,898,796	2,795,942	2,507,727	2,298,608	2,148,565	1,919,431	1,810,686	1,497,039	1,108,147	812,780	890,971	968,149
Intangible Assets						58,428	158,592	258,756	358,920	459,084	559,248	659,412	759,576	859,740
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	4,030,437	4,545,698	3,898,796	2,795,942	2,507,727	2,357,036	2,307,157	2,178,187	2,169,606	1,956,123	1,667,395	1,472,192	1,650,547	1,827,889
Stock & work in progress	1,885,333	3,280,930	3,452,798	2,192,881	1,931,354	2,349,136	2,507,535	2,512,399	1,793,904	2,583,313	2,359,588	3,072,010	2,910,661	3,714,716
Trade Debtors	4,560,921	4,890,414	5,065,764	4,805,150	3,658,786	4,267,300	5,123,885	5,264,235	4,068,776	4,907,043	5,399,356	6,043,175	5,805,078	6,452,707
Group Debtors
Misc Debtors	834,362	158,579	80,420	143,622	72,861	64,261	62,547	33,176	32,942	248,238	30,220	91,487	183,471	352,260
Cash	3,063,878	576,401	720,863	1,596,557	2,596,449	808,543	450,309	713,789	2,401,573	828,878	2,291,537	1,696,543	1,183,014	3,880
misc current assets
total current assets	10,344,494	8,906,324	9,319,845	8,738,210	8,259,450	7,489,240	8,144,276	8,523,599	8,297,195	8,567,472	10,080,701	10,903,215	10,082,224	10,523,563
total assets	14,374,931	13,452,022	13,218,641	11,534,152	10,767,177	9,846,276	10,451,433	10,701,786	10,466,801	10,523,595	11,748,096	12,375,407	11,732,771	12,351,452
Bank overdraft														1,389,906
Bank loan		750,000	1,500,000	500,000			837,500	150,000	150,000	537,500	350,000	350,000	350,000	350,000
Trade Creditors	2,826,528	2,411,860	3,370,226	3,053,599	2,151,383	2,582,667	2,440,124	2,661,643	2,256,465	2,800,176	3,145,787	3,912,323	3,482,315	3,131,847
Group/Directors Accounts
other short term finances											423,808	423,808	423,808	256,707
hp & lease commitments	351,725	370,471	453,577	349,302	288,597	215,914	118,604	115,536	49,343	47,877			690	10,484
other current liabilities	1,997,601	1,480,085	1,120,568	1,359,468	1,534,060	983,753	1,469,548	1,414,797	1,747,766	1,343,788	2,074,329	1,664,798	1,948,488	1,404,368
total current liabilities	5,175,854	5,012,416	6,444,371	5,262,369	3,974,040	3,782,334	4,865,776	4,341,976	4,203,574	4,729,341	5,993,924	6,350,929	6,205,301	6,543,312
loans								37,500	187,500		808,961	1,582,402	2,358,698	3,285,936
hp & lease commitments	802,996	1,154,720	1,501,774	652,940	707,089	534,335	223,310	342,036	129,758	179,101				689
Accruals and Deferred Income
other liabilities
provisions	711,252	796,977	665,440	494,200	307,592	216,242	157,460	150,889	147,077	85,497	85,504	28,738	31,144	41,051
total long term liabilities	1,514,248	1,951,697	2,167,214	1,147,140	1,014,681	750,577	380,770	530,425	464,335	264,598	894,465	1,611,140	2,389,842	3,327,676
total liabilities	6,690,102	6,964,113	8,611,585	6,409,509	4,988,721	4,532,911	5,246,546	4,872,401	4,667,909	4,993,939	6,888,389	7,962,069	8,595,143	9,870,988
net assets	7,684,829	6,487,909	4,607,056	5,124,643	5,778,456	5,313,365	5,204,887	5,829,385	5,798,892	5,529,656	4,859,707	4,413,338	3,137,628	2,480,464
total shareholders funds	7,684,829	6,487,909	4,607,056	5,124,643	5,778,456	5,313,365	5,204,887	5,829,385	5,798,892	5,529,656	4,859,707	4,413,338	3,137,628	2,480,464

	Aug 2024	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011
Operating Activities
Operating Profit	2,516,353	1,668,548	1,525,939	1,363,373	1,249,270	707,276	922,478	1,067,643	1,260,178	1,909,867	1,752,206	2,306,263	1,515,916	2,042,332
Depreciation	298,836	782,651	658,676	522,034	405,754	371,675	261,091	220,082	189,258	140,866	82,764	69,352	129,768	206,935
Amortisation					58,428	100,164	100,164	100,164	100,164	100,164	100,164	100,164	100,164	141,899
Tax	-671,662	-308,012	-316,199	-377,250	-304,217	-83,785	-200,762	-228,305	-262,620	-423,956	-383,940	-523,032	-348,088	-505,215
Stock	-1,395,597	-171,868	1,259,917	261,527	-417,782	-158,399	-4,864	718,495	-789,409	223,725	-712,422	161,349	-804,055	3,714,716
Debtors	346,290	-97,191	197,412	1,217,125	-599,914	-854,871	-110,979	1,195,693	-1,053,563	-274,295	-705,086	146,113	-816,418	6,804,967
Creditors	414,668	-958,366	316,627	902,216	-431,284	142,543	-221,519	405,178	-543,711	-345,611	-766,536	430,008	350,468	3,131,847
Accruals and Deferred Income	517,516	359,517	-238,900	-174,592	550,307	-485,795	54,751	-332,969	403,978	-730,541	409,531	-283,690	544,120	1,404,368
Deferred Taxes & Provisions	-85,725	131,537	171,240	186,608	91,350	58,782	6,571	3,812	61,580	-7	56,766	-2,406	-9,907	41,051
Cash flow from operations	4,039,293	1,944,934	660,054	943,737	2,637,304	1,824,130	1,038,617	-678,583	3,051,799	701,352	2,668,463	1,789,197	3,902,914	-4,056,466
Investing Activities
capital expenditure					-146,105	247,938	-490,225	-320,515	-502,905	-389,380	-379,787	-38,500	-52,761	-1,192,269
Change in Investments
cash flow from investments					-146,105	247,938	-490,225	-320,515	-502,905	-389,380	-379,787	-38,500	-52,761	-1,192,269
Financing Activities
Bank loans	-750,000	-750,000	1,000,000	500,000		-837,500	687,500		-387,500	187,500				350,000
Group/Directors Accounts
Other Short Term Loans										-423,808			167,101	256,707
Long term loans							-37,500	-150,000	187,500	-808,961	-773,441	-776,296	-927,238	3,285,936
Hire Purchase and Lease Commitments	-370,470	-430,160	953,109	6,556	245,437	408,335	-115,658	278,471	-47,877	226,978		-690	-10,483	11,173
other long term liabilities
share issue		1,055,904	-1,000,000	-953,077			-1,250,000					-48,000		1,470,945
interest	-62,078	-158,736	-89,576	-49,108	-37,506	-54,388	-21,214	-11,643	-14,352	-25,027	-36,665	-82,321	-140,485	-299,342
cash flow from financing	-1,182,548	-282,992	863,533	-495,629	207,931	-483,553	-736,872	116,828	-262,229	-843,318	-810,106	-907,307	-911,105	5,075,419
cash and cash equivalents
cash	2,487,477	-144,462	-875,694	-999,892	1,787,906	358,234	-263,480	-1,687,784	1,572,695	-1,462,659	594,994	513,529	1,179,134	3,880
overdraft													-1,389,906	1,389,906
change in cash	2,487,477	-144,462	-875,694	-999,892	1,787,906	358,234	-263,480	-1,687,784	1,572,695	-1,462,659	594,994	513,529	2,569,040	-1,386,026

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SIMPAC (HOLDINGS) LIMITED group structure

Simpac (Holdings) Limited has 1 subsidiary company.

Ultimate parent company

SIMPAC (HOLDINGS) LIMITED

SC375176

1 subsidiary

JAMES P SIM & CO. LIMITED

SC153026

SIMPAC (HOLDINGS) LIMITED Shareholders

alexander bole	45.95%
irene macfarlane cobbett	20.22%
luke cobbett	20.22%
scott clarke	2.76%
karina clarke	2.76%
zoe cobbett	2.76%
harry cobbett	2.76%
karen clarke	1.3%
thomas gerard clarke	1.3%

Simpac (Holdings) Limited currently has 4 directors. The longest serving directors include Mr Luke Cobbett (Mar 2010) and Mr Alexander Bole (Mar 2010).

officer	country	age	start	end	role
Mr Luke Cobbett		57 years	Mar 2010	-	Director
Mr Alexander Bole		59 years	Mar 2010	-	Director
Mr Owen Shearer	England	54 years	Mar 2022	-	Director
Mr Owen Shearer		54 years	Mar 2022	-	Director

P&L

August 2024

turnover

30.9m

+2%

operating profit

2.5m

+51%

gross margin

23.5%

+32.16%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

August 2024

net assets

7.7m

+0.18%

total assets

14.4m

+0.07%

cash

3.1m

+4.32%

net assets

Total assets minus all liabilities

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company number

SC375176

Type

Private limited with Share Capital

industry

17211 - Manufacture of corrugated paper and paperboard; manufacture of sacks and bags of paper

incorporation date

March 2010

ultimate parent company

None

previous names

N/A

address

spiersbridge business park, spiersbridge avenue, glasgow, G46 8NL

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 1 charges/mortgages relating to simpac (holdings) limited. Currently there are 1 open charges and 0 have been satisfied in the past.

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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simpac (holdings) limited Company Information

simpac (holdings) limited Estimated Valuation

simpac (holdings) limited Estimated Valuation

simpac (holdings) limited Estimated Valuation

Simpac (holdings) Limited Overview

Simpac (holdings) Limited Health Check

SIMPAC (HOLDINGS) LIMITED financials

simpac (holdings) limited Credit Report and Business Information

Simpac (holdings) Limited Competitor Analysis

simpac (holdings) limited Ownership

simpac (holdings) limited directors

simpac (holdings) limited company details

simpac (holdings) limited Charges & Mortgages

simpac (holdings) limited Capital Raised & Share Issues BETA

simpac (holdings) limited Companies House Filings - See Documents