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Ip3 Plastics Holding Company Limited

07999002

active
Private Limited Company
england wales
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

9A BURROUGHS GARDENS, LONDON, NW4 4AU
Incorporated 21/03/2012

Compliance

Last accounts

31/12/2024

group

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 08/05/2026

Due 22/05/2027

On track

Industry

82990
Other business support service activities

Officers

Mr Leonard Maleson Levie

director · Since 21/03/2012

EXECUTIVE

AMERICAN · UNITED STATES · Age 70

Also on 18 other boards

Mr Xiaodong Zhang

director · Since 21/03/2012

EXECUTIVE

AMERICAN · UNITED STATES · Age 59

Persons with Significant Control

Mr Leonard Levie

75–100% shares

American · United States · Age 70

9a, Burroughs Gardens, London, NW4 4AU

Notified 04/09/2018

CompanyRankvs 92026+ SIC 82990 peers
40

Financial strength0th percentile among SIC peers · 0/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1× · 6/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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92026Ip3 Plastics Holding Company Limited
46
How is this score calculated?
Financial strength0/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity14/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

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

in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material Uncertainty related to Going Concern The directors have identified events or conditions that may cast doubt on the group's ability to continue as a going concern, in particular with regard to a dispute with a key customer at Polysembl

Key FinancialsYear ending 31/12/2024

Turnover

£23.9M

Annual revenue

Net Worth

-£3.9M

Balance sheet strength

Cash

£718k

Cash in the bank

Profit Before Tax

£909k

Bottom line earnings

Net Current Assets

-£2k

Working capital

Current Assets

£7.9M

Current Liabilities

£7.9M

Fixed Assets

£2.6M

Debtors

£4.2M

Cost of Sales

£24.5M

Gross Profit

-£644k

Admin Expenses

£1.1M

Operating Profit

-£1.6M

Profit After Tax

£905k

197avg. employees

People Costs

Wages & salaries£4.9M
NI contributions£2.5M

Balance Sheet

Intangible assets-£50k
Interest payable£209k
Assets less current liabilities£2.6M
Signed by Mr L Levie 13/05/2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent Ratio
20241.00

Derived from filed accounts. Not audited figures.