Professional Packaging Services Ltd.
01567813
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 14/09/2021
REGIONAL FINANCE DIRECTOR, EIMEA
BRITISH · UNITED KINGDOM · Age 41
Also on 7 other boards
director · Since 14/09/2021
GROUP CHIEF COMMERCIAL OFFICER FINANCE
BRITISH · UNITED KINGDOM · Age 48
Also on 21 other boards
Persons with Significant Control
Innerworkings Europe Limited
5, Cranbrook Way, Solihull, B90 4GT
Reg: 04680562 · Companies House · Private Limited Company
Notified 01/10/2020
Former PSCs
Professional Packaging Services (Holdings) Limited
Ceased 27/10/2017
Innerworkings Europe Limited
Ceased 01/10/2020
Charges0 outstanding
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CompanyRankvs 2660+ SIC 32990 peers65
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
or - the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. Other information The directors are responsible for the other inform
Key FinancialsYear ending 31/12/2018
Turnover
£37.9M
Annual revenue
Net Worth
£12.5M
Balance sheet strength
Cash
£829k
Cash in the bank
Profit Before Tax
£3.6M
Bottom line earnings
Net Current Assets
£12.4M
Working capital
Current Assets
£20.8M
Current Liabilities
£8.5M
Fixed Assets
£130k
Debtors
£16.8M
Cost of Sales
£31.4M
Gross Profit
£6.5M
Admin Expenses
£3.1M
Operating Profit
£3.6M
Profit After Tax
£3.0M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2018 | 2.46 | +£3.0M |
| 2017 | 2.78 | — |
Derived from filed accounts. Not audited figures.