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ITEC PACKAGING (CHESTER-LE-STREET) LIMITED
C/O FRP ADVISORY TRADING LIMITED, APEX 3, EDINBURGH, EH12 5HDPrevious name: PACCOR UK LIMITED (changed on 24-Oct-2022)
Previous name: COVERIS RIGID UK LIMITED (changed on 14-Sep-2018)
Previous name: KOBUSCH UK LIMITED (changed on 08-Jan-2014)
Company Number: SC121847
Incorporation date: 11-Dec-1989
Status: In Administration
Entity type: Private Limited Company
SIC codes:
22220 Manufacture of plastic packing goods
SUMMARY
This company is 34.4 years old and is currently in administration. It is controlled by multiple entities. The company has negative equity (net assets) of GBP -13 million which has worsened since the previous year's figure of GBP -6.3 million. The latest reported revenue figure is GBP 30.2 million which is down -10% on the previous year. The company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (GBP -37.7 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 6 active officers (directors or partners) who are or were officers of 68 other companies, 14 (20.6%) of which have since been dissolved or are proposed for strike off. 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-2023Accounts Filed: FULL (31-Dec-2021)
P&L Financials:
Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|---|---|---|---|---|---|---|
31-Dec-2019 | GBP | 30,159,000 | -6,649,000 | 943,000 | 2,367,000 | -6,462,000 | |
31-Dec-2018 | GBP | 32,461,000 | -6,005,000 | 517,000 | 1,611,000 | -6,359,000 | |
31-Dec-2017 | GBP | 30,363,000 | -2,958,000 | 143,000 | 822,000 | -2,575,000 |
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
31-Dec-2019 | GBP | 105,000 | 10,835,000 | 11,315,000 | 41,103,000 | 9,902,000 | 14,620,000 | -37,727,000 | -12,961,000 |
31-Dec-2018 | GBP | 40,000 | 11,604,000 | 13,661,000 | 38,382,000 | 9,902,000 | 14,620,000 | -31,066,000 | -6,300,000 |
31-Dec-2017 | GBP | 519,000 | 13,006,000 | 35,041,000 | 922,000 | 9,902,000 | 14,620,000 | -28,243,000 | -3,477,000 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
---|---|---|---|---|---|---|
Resigned | Kevin William BATEY | 01 Apr 2001 | 21 May 2014 | 0 - 10 | ||
Resigned | Roberto LUCHERINI | 31 Oct 1999 | 01 Apr 2001 | 1 - 8 | ||
Resigned | David Edward ZERHUSEN | 01 Jun 1997 | 31 Oct 1999 | 0 - 29 | ||
Resigned | Kenneth Dale ALLEN | 18 Dec 1995 | 01 Jun 1997 | 0 - 29 | ||
Resigned | Paul Roger JEFFERSON | 16 Dec 1992 | 31 Dec 1995 | 1 - 30 | ||
Resigned | George Leslie KERR | 08 Oct 1992 | 16 Dec 1992 | 0 - 1 | ||
Resigned | Reed Hallum CECIL | 20 Jul 1990 | 08 Oct 1992 | 0 - 6 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Active | Andrew John LIMMER | 11 Jan 2023 | Chartered Accountant | British | 2 - 3 | 2 (40.0%) | |
Active | Nicholas HILL | 26 Oct 2022 | Plant Manager | British | 2 - 0 | 2 (100.0%) | |
Active | Michael Desmond WALTON | 22 Sep 2022 | Director | British | 12 - 17 | 17 (58.6%) | |
Active | Michael Anthony WELDEN | 22 Sep 2022 | Director | British | 4 - 12 | 4 (25.0%) | |
Active | Neil David GOSTELOW | 22 Sep 2022 | Director | British | 28 - 0 | 1 (3.6%) | |
Resigned | Michael FORSTER | 24 Aug 2022 | 09 Jan 2023 | Chartered Accountant | British | 1 - 4 | 3 (60.0%) |
Resigned | Timo HIEKKARANTA | 08 Feb 2022 | 25 Aug 2022 | General Manager | Finnish | 0 - 2 | 2 (100.0%) |
Resigned | Ian Glen STAPLETON | 08 Mar 2021 | 08 Feb 2022 | Accountant | British | 0 - 2 | 1 (50.0%) |
Active | Stephen NAYLOR | 17 Jul 2019 | Company Director | British | 3 - 1 | 2 (50.0%) | |
Resigned | Keith Ashley JONES | 19 Oct 2017 | 05 Aug 2019 | Manager | British | 0 - 3 | 2 (66.7%) |
Resigned | Andrew Richard HOLLYHEAD | 02 Dec 2013 | 03 Sep 2019 | Accountant | British | 0 - 17 | 3 (17.6%) |
Resigned | Graham BARTON | 02 Dec 2013 | 31 Dec 2015 | Managing Director | British | 3 - 10 | 6 (46.2%) |
Resigned | Kevin William BATEY | 29 Sep 2005 | 21 May 2014 | Director | British | 0 - 10 | 5 (50.0%) |
Resigned | Peter LEWIS | 29 Sep 2005 | 30 Apr 2007 | Director | British | 0 - 18 | 10 (55.6%) |
Resigned | Cyril Joseph GREEN | 01 Apr 2001 | 15 Jun 2004 | Group Managing Director | British | 1 - 34 | 12 (34.3%) |
Resigned | James MORRIS | 29 Feb 2000 | 28 Sep 2005 | Senior Vice President And Gen | American | 0 - 7 | 6 (85.7%) |
Resigned | David Paul BRUSH | 31 Oct 1999 | 28 Sep 2005 | Vice President & Teasurer | American | 0 - 9 | 8 (88.9%) |
Resigned | Peter LEWIS | 02 Nov 1998 | 01 Apr 2001 | Managing Director | British | 0 - 18 | 10 (55.6%) |
Resigned | Harry REED | 01 Jan 1998 | 31 Oct 1998 | Md - Tenneco Packaging Uk | British | 1 - 13 | 6 (42.9%) |
Resigned | David Edward ZERHUSEN | 01 Jun 1997 | 31 Oct 1999 | Attorney | American | 0 - 29 | 13 (44.8%) |
Resigned | Graham Leslie JOHNSON | 14 Sep 1995 | 01 Jan 1998 | Managing Director | British | 0 - 11 | 5 (45.5%) |
Resigned | Kenneth Dale ALLEN | 14 Sep 1995 | 01 Jun 1997 | Managing Director | American | 0 - 29 | 13 (44.8%) |
Resigned | Paul John GRISWOLD | 14 Sep 1995 | 29 Feb 2000 | Vice President/General Manager | American | 0 - 7 | 6 (85.7%) |
Resigned | Paul Roger JEFFERSON | 05 May 1994 | 31 Dec 1995 | Lawyer | British | 1 - 30 | 14 (45.2%) |
Resigned | Paul Thomas STECKO | 31 Dec 1993 | 26 Jun 1996 | President And Chief Eo | American | 0 - 3 | 2 (66.7%) |
Resigned | Lawrence Arthur MCVICKER | 23 Sep 1991 | 13 Jan 1995 | Senior Vice President | Us | 0 - 2 | 2 (100.0%) |
Resigned | Reed Hallum CECIL | 20 Jul 1990 | 04 Apr 1994 | Us | 0 - 6 | 5 (83.3%) | |
Resigned | Monte HAYMON | 20 Jul 1990 | 31 Dec 1993 | American | 0 - 3 | 3 (100.0%) |
Average tenure of active directors: 2.0 years
Average tenure of resigned directors: 3.0 years
Average active director Dissolution Rate: 46.2%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
SHAREHOLDERS (BETA)
Shareholder name | Share class | Shares at confirmation date | ||||
---|---|---|---|---|---|---|
2020-12-11 | 2018-12-11 | 2015-12-11 | 2014-12-11 | 2013-12-11 | ||
PACCOR INTERNATIONAL HOLDINGS S.A.R.L | ORDINARY | 9,901,812 100% | 0 0% | 0 0% | 0 0% | 0 0% |
DAISY UK HOLDCO LIMITED | ORDINARY | 0 0% | 9,901,811 100% | 0 0% | 0 0% | 0 0% |
THE LAW DEBENTURE INTERMEDIARY CORPORATION PLC | ORDINARY | 0 0% | 0 0% | 9,901,811 100% | 9,901,811 100% | 0 0% |
EIFEL BIDCO LTD | ORDINARY | 0 0% | 0 0% | 0 0% | 0 0% | 9,901,811 100% |
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
ITEC PACKAGING (CHESTER-LE-STREET) LIMITED
no controlled companies
LATE PAYMENTS REPORT
This company has not filed any late payment reports possibly because it is not considered \'Large\'.
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 | SAPPHIRE HOUSE, CROWN WAY, RUSHDEN, NORTHAMPTONSHIRE, NN10 6FB | 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 | SAPPHIRE HOUSE, CROWN WAY, RUSHDEN, NORTHAMPTONSHIRE, NN10 6FB | 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 | SAPPHIRE HOUSE, CROWN WAY, RUSHDEN, ENGLAND, NN10 6FB | 01597033 | 2018-03-31 | 43,145,000 | 4,652,000 | |
PROMENS PACKAGING LIMITED | SAPPHIRE HOUSE, CROWN WAY, RUSHDEN, NORTHAMPTONSHIRE, NN10 6FB | 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 | UNIT 3 AIREDALE PARK, ROYD INGS AVENUE, KEIGHLEY, WEST YORKSHIRE, BD21 4BZ | 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 | C/O SONOCO CORES & PAPER LTD STAINLAND BOARD MILLS, HOLYWELL GREEN, HALIFAX, ENGLAND, HX4 9PY | 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 | C/O SONOCO CORES & PAPER LTD STAINLAND BOARD MILLS, HOLYWELL GREEN, HALIFAX, ENGLAND, HX4 9PY | 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 In Administration. Statistically, such companies have a VERY HIGH 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 |
---|---|---|---|---|
Company status | 99.8% | 99.8% | 99.4% | High |
Other companies Active in the same sector | Too few competitors | |||
Age | 0.3% | 1.3% | 2.4% | 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 |