PROAMPAC GRIMSBY LIMITED

PEGASUS WAY, EUROPARC GRIMSBY, NORTH EAST LINCOLNSHIRE, DN37 9TS

Previous name: ULTIMATE PACKAGING LIMITED (changed on 30-Sep-2021)

Company Number: 01625575
Incorporation date: 30-Mar-1982
Status: Active
Entity type: Private Limited Company

SIC codes:
22220 Manufacture of plastic packing goods

SUMMARY

This company is 43.7 years old and is currently active. It is controlled by multiple entities. The company has positive equity (net assets) of GBP 18.1 million which has increased from GBP 16.3 million in the previous year. The company has 2 active officers (directors or partners) who are or were officers of 9 other companies. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.

FINANCIALS (BETA)

Next accounts due: 30-Sep-2026
Accounts Filed: FULL (31-Dec-2024)

P&L Financials:

Year end	Currency	Revenue	Operating profit	Interest Received	Interest Paid	Tax	Net Profit GBP
31-Dec-2022	GBP		1,446,443		20,910	-320,126	1,745,659
31-Dec-2021	GBP		1,310,021		75,097	492,712	742,212
28-Feb-2019	GBP	46,902,261	3,209,649		183,600	473,228	3,026,049
28-Feb-2018	GBP	45,104,793	2,593,618		155,972	517,838	2,437,646
28-Feb-2017	GBP	41,667,355	2,494,478		221,509	380,017	2,272,969
29-Feb-2016	GBP	43,534,633	1,291,428	1,929	229,002	63,977	1,064,355
28-Feb-2015	GBP	45,414,352	944,246		199,098	68,923	745,148
28-Feb-2014	GBP	43,053,637	1,386,905		221,072	180,016	1,165,833
28-Feb-2013	GBP	39,024,310	981,706		215,390	145,750	766,316
29-Feb-2012	GBP	36,833,592	2,193,136		164,477	466,045	2,028,659
28-Feb-2011	GBP	34,022,361	606,741		204,783	66,980	392,699
28-Feb-2010	GBP	32,029,654	691,085		170,072	111,894	21

Balance Sheet Financials:

Year end	Currency	Cash	Current Assets	Current Liabilities	Debt	Share Capital	Premium Reserve	Retained Earnings	Net Assets
31-Dec-2022	GBP	899,271	23,216,905	15,424,404		16,803		18,049,323	18,071,151
31-Dec-2021	GBP	2,560,898	21,939,725	16,943,305	14,171	16,803		16,303,664	16,325,492
28-Feb-2021	GBP					16,503		15,953,184	15,974,712
28-Feb-2019	GBP	185,727	14,560,380	9,933,889	4,076,398	16,503	5,025	12,673,707	12,695,235
28-Feb-2018	GBP	422,830	15,196,451	9,741,608	1,384,031	16,503	5,025	12,972,052	12,993,580
28-Feb-2017	GBP	526,789	13,325,489	9,731,097	1,742,584	15,075	5,025	11,840,174	11,860,274
29-Feb-2016	GBP	44,470	12,449,195	10,498,263	2,356,207	15,075	5,025	10,624,249	10,644,349
28-Feb-2015	GBP	332,319	14,484,464	12,907,734	173,226	15,075	5,025	10,052,990	10,073,090
28-Feb-2014	GBP	264,711	12,149,493	9,928,194	1,596,136	15,075	5,025	9,844,917	9,865,017
28-Feb-2013	GBP	364,928	11,613,289	10,071,125	2,275,041	15,075	25	9,327,252	9,347,352
29-Feb-2012	GBP	1	10,517,304	7,375,866	1,034,723	15,075	5,025	9,181,176	9,201,276
28-Feb-2011	GBP	102,853	10,081,188	8,746,701	1,367,466	15,075	5,025	7,836,977	7,857,077
28-Feb-2010	GBP	277,648	10,482,974	9,466,666	1,781,578	15,075	5,025	7,705,132	7,725,232

VALUATION EVENTS (BETA)

Year end	Currency	% Equity	Sum raised	Pre-Money Valuation*	Post-Money Valuation*	Enterprise Value**
31-Dec-2021	GBP	1.79%	300	16,503	16,803	-1,256,711
28-Feb-2018	GBP	8.65%	1,428	15,075	16,503	1,104,287

* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All apointments (active/resigned)
Resigned	Michael David TONGE		01 Jul 2021		British	0 - 4

DIRECTORS

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All appointments (active/resigned)	Dissolved companies (rate)
Active	Eric BRADFORD	01 Jul 2021		Director	American	8 - 0	0 (0.0%)
Active	Gregory Robert TUCKER	01 Jul 2021		Director	American	9 - 1	0 (0.0%)
Resigned	Andrew James CHAPPELL	01 Apr 2021	01 Jul 2021	Company Director	British	0 - 7	3 (42.9%)
Resigned	Justin Marc TONGE	04 Jan 2016	01 Jul 2021	Company Director	British	0 - 1	0 (0.0%)
Resigned	Paul BEST	03 Aug 2015	01 Jul 2021	Sales Director	British	0 - 1	0 (0.0%)
Resigned	Jonathan Robert MCCARTHY	01 Mar 2012	31 Mar 2021	Company Director	British	0 - 3	2 (66.7%)
Resigned	John Charles FISHER	01 May 2004	31 Aug 2014	Company Director	British	0 - 1	0 (0.0%)
Resigned	Jeremy Paul HODSON	01 Nov 1999	01 Jul 2021	Accountant	British	0 - 2	0 (0.0%)
Resigned	Jon Anthony FLETCHER	01 Nov 1999	31 Mar 2004	Company Director	British	0 - 3	0 (0.0%)
Resigned	Howard TONGE		05 Mar 1999	Company Director	British	0 - 2	0 (0.0%)
Resigned	Nigel TONGE		01 Jul 2021	Company Director	British	0 - 3	0 (0.0%)
Resigned	Christopher Michael TONGE		01 Jul 2021	Company Director	British	0 - 5	2 (40.0%)
Resigned	Michael David TONGE		01 Jul 2021	Company Director	British	0 - 4	0 (0.0%)

Number of active directors: 2
Average tenure of active directors: 4.4 years
Average tenure of resigned directors: 5.2 years
Average active director Dissolution Rate: 0.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name	Eric BRADFORD	Gregory Robert TUCKER
PROAMPAC GRIMSBY LIMITED (01625575) - Active	✔	✔
PROAMPAC ELSHAM PUBLIC LIMITED COMPANY (02228238) - Active	✔	✔
PETHICK & MONEY LIMITED (02714938) - Active	✔	✔
PROAMPAC LONDON LIMITED (03188948) - Active	✔	✔
PROAMPAC ELSHAM HOLDINGS LIMITED (04108502) - Active	✔	✔
PROAMPAC LINCOLN LIMITED (05570833) - Active	✔	✔
PROAMPAC SECURITY PRODUCTS LIMITED (05990845) - Active		✔
BE AEROSPACE THERMAL AND POWER MANAGEMENT HOLDINGS (UK) LIMITED (07471665) - Active		✔
BRAYFOUR LIMITED (09705396) - Active	✔	✔
PROAMPAC UK LIMITED (13114905) - Active	✔	✔

SHAREHOLDERS (BETA)

Shareholder name	Share class	Shares at confirmation date
Shareholder name	Share class	2017-10-19	2015-10-19	2014-10-19	2013-10-19	2012-10-19
NIGEL TONGE	A ORDINARY	7,914 48.0%	7,914 52.5%	7,914 52.5%	7,914 52.5%	7,914 52.5%
C.M. TONGE	B ORDINARY	4,146 25.1%	4,146 27.5%	4,146 27.5%	4,146 27.5%	4,146 27.5%
M.D. TONGE	C ORDINARY	3,015 18.3%	3,015 20%	3,015 20%	3,015 20%	3,015 20%
JEREMY HODSON	D ORDINARY	1,428 8.65%	0 0%	0 0%	0 0%	0 0%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES

25-50%:Mr Christopher Michael Tonge - ceased
25-50%:Mr Nigel Howard Tonge - ceased
>75%:Proampac Uk Limited (13114905 - United Kingdom) active

Controlling entities above

PROAMPAC GRIMSBY LIMITED

Controlled companies below

>75%:ULTIMATE POLYTHENE LIMITED (02481120 - UK) active

LATE PAYMENTS REPORT

Start date	End date	Average days to pay	% invoices paid over 60 days	% invoices not paid within agreed terms	Gov.uk report
2021-03-01	2021-08-31	54	40%	60%	50055
2020-09-01	2021-02-28	54	42%	62%	43343
2020-03-01	2020-08-31	54	40%	58%	36293
2019-09-01	2020-02-29	54	41%	67%	29628
2019-03-01	2019-08-31	51	37%	61%	21867
2018-09-01	2019-02-28	55	42%	66%	13959
2018-03-01	2018-08-31	53	34%	63%	6887

COURT CASES

No Court Cases found

PATENTS

No Patents found

COMPETITORS

(Based on Sic code: 22220 Manufacture of plastic packing goods)

Company	Registered Address	Company Number	YE Date	Revenue GBP	Net Profit GBP	Other SIC codes
RPC CONTAINERS LIMITED	CORBY HUB 4 SALLOW ROAD, WELDON NORTH INDUSTRIAL ESTATE, CORBY, UNITED KINGDOM, NN17 5JX	02786492	2018-03-31	247,900,000	59,800,000	22290-Manufacture of other plastic products
COVERIS FLEXIBLES (GAINSBOROUGH) UK LIMITED	HOLLAND PLACE WARDENTREE PARK, PINCHBECK, SPALDING, LINCOLNSHIRE, PE11 3ZN	04786458	2017-12-31	183,655,000	989,000
SEALED AIR LIMITED	1-3 CROMWELL ROAD, ST. NEOTS, CAMBRIDGESHIRE, ENGLAND, PE19 1QN	03443946	2017-12-31	153,118,000	4,577,000
AMCOR FLEXIBLES UK LIMITED	83 TOWER ROAD NORTH, WARMLEY, BRISTOL, UNITED KINGDOM, BS30 8XP	02808801	2018-06-30	117,095,000	24,037,000
MAYNARD & HARRIS PLASTICS	CORBY HUB 4 SALLOW ROAD, WELDON NORTH INDUSTRIAL ESTATE, CORBY, UNITED KINGDOM, NN17 5JX	01195337	2018-12-31	103,864,000	20,353,000
SIVA PLASTICS LIMITED	SPITFIRE HOUSE, HAZEL ROAD, WOOLSTON, SOUTHAMPTON, SO19 7GB	02409513	2017-10-31	68,177,074	4,849,258
AMCOR FLEXIBLES WINTERBOURNE LIMITED	83 TOWER ROAD NORTH, WARMLEY, BRISTOL, UNITED KINGDOM, BS30 8XP	02456291	2018-06-30	56,207,000	4,326,000
ESSENTRA PACKAGING & SECURITY LIMITED	ROBIN MILLS LEEDS ROAD, IDLE, BRADFORD, UNITED KINGDOM, BD10 9TE	07271407	2017-12-31	55,258,000	-43,221,000	22290-Manufacture of other plastic products 32990-Other manufacturing not elsewhere classified
ULTIMATE PACKAGING LIMITED	PEGASUS WAY, EUROPARC GRIMSBY, NORTH EAST LINCOLNSHIRE, DN37 9TS	01625575	2018-02-28	45,104,793	1,919,808
MASSMOULD LIMITED	CORBY HUB 4 SALLOW ROAD, WELDON NORTH INDUSTRIAL ESTATE, CORBY, UNITED KINGDOM, NN17 5JX	01597033	2018-03-31	43,145,000	4,652,000
PROMENS PACKAGING LIMITED	CORBY HUB 4 SALLOW ROAD, WELDON NORTH INDUSTRIAL ESTATE, CORBY, UNITED KINGDOM, NN17 5JX	04846267	2018-03-31	41,651,000	1,681,000
BERICAP U.K. LIMITED.	OSLO ROAD, SUTTON FIELDS INDUSTRIAL ESTATE, HULL, HU7 0YN	02566980	2017-12-31	38,273,191	1,991,094	25920-Manufacture of light metal packaging
PFF PACKAGING LIMITED	C/O INTERPATH ADVISORY 4TH FLOOR, TAILORS CORNER, THIRSK ROW, LEEDS, LS1 4DP	02648722	2017-07-31	17,500,996	0
BRAYFORD PLASTICS LIMITED	HORNCASTLE LANE, DUNHOLME, LINCOLN, LN2 3QF	05570833	2018-03-31	15,767,873	0
MARPAK EXTRUSIONS LIMITED	1 PARKVIEW COURT, ST. PAULS ROAD, SHIPLEY, WEST YORKSHIRE, ENGLAND, BD18 3DZ	03905265	2017-12-31	15,389,033	0
PLASTIC BOTTLE SUPPLIES LIMITED	C/O IPL PLASTICS (UK) LTD DENIS HOUSE, MARINER, LICHFIELD ROAD INDUSTRIAL ESTATE, TAMWORTH, STAFFORDSHIRE, UNITED KINGDOM, B79 7UL	03379557	2017-12-31	13,067,984	0
LOTAN LIMITED	2 ASHTON CLOSE, LEICESTER, LE4 2BQ	01948114	2018-03-31	11,168,356	0
PLASTIQUE LIMITED	UNIT 4 KINGSWOOD BUSINESS PARK CONNAUGHT ROAD, KINGSWOOD, HULL, ENGLAND, HU7 3AP	01407996	2017-09-30	10,718,774	0
EUROPLAST (BLACKBURN) LIMITED	EURO HOUSE UNITS 1 & 2, SHADSWORTH BUSINESS PARK,, DUTTONS WAY, BLACKBURN, LANCASHIRE, BB1 2QR	02798524	2018-03-30	9,875,905	0	68209-Other letting and operating of own or leased real estate
SPECTRA PACKAGING SOLUTIONS LIMITED	ANTONINE WAY SPARROWHAWK ROAD, HOLTON, HALESWORTH, SUFFOLK, IP19 8RX	06323869	2016-12-31	8,349,191	0
ENTHEOS ENTERPRISE LIMITED	UNIT D1/D2, HILTON INDUSTRIAL, PARK, EAST WITTERING, CHICHESTER, WEST SUSSEX, PO20 8RL	05550728	2016-06-30	1,161,158	0
PHOENIX PACKAGING (FLEXIBLES) LIMITED	16 COPPER BEECHES, RIPLEY, DERBYSHIRE, DE5 3ED	07689897	2017-09-30	1,018,106	0
PENTEX MACHINERY LIMITED	4 TELGARTH ROAD, FERRING, WORTHING, ENGLAND, BN12 5PX	03800879	2018-07-31	59,542	0
PLASTIQUE HOLDINGS LIMITED	UNIT 4 KINGSWOOD BUSINESS PARK CONNAUGHT ROAD, KINGSWOOD, HULL, ENGLAND, HU7 3AP	04420002	2018-09-30	0	0
ZIPPER-STICKER LTD	90 BROOKSIDE, BURBAGE, HINCKLEY, LEICESTERSHIRE, ENGLAND, LE10 2TN	09871972	2018-11-30	0	0
SIVA HOLDINGS LIMITED	SPITFIRE HOUSE, HAZEL RD, WOOLSTON, SOUTHAMPTON, SO19 7GB	01439398	0000-00-00	0	0

LIQUIDATION RISK (BETA)

This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:

Basis	Liquidation within 3 months	Liquidation within 6 months	Liquidation within 12 months	Prediction confidence
PROAMPAC GRIMSBY LIMITED	0.7%	3.6%	7.1%	Medium
Other companies Active in the same sector	Too few competitors


Age	0.4%	1.4%	2.7%	Medium
Company Type	0.7%	3.7%	7.4%	Medium
Accounts category	0.7%	2.2%	3.8%	Medium
Accounting Month	0.6%	2.4%	5.5%	Medium
Sic code count	0.7%	3.5%	7.0%	Medium