How much does PB Packaging Group Ltd make?

PB Packaging Group Ltd reported revenue of £19m and £437k profit in the year to 30 Nov 2025, according to its accounts filed at Companies House.

How many employees does PB Packaging Group Ltd have?

PB Packaging Group Ltd reported an average of 149 employees in the year to 30 Nov 2025.

Is PB Packaging Group Ltd profitable?

Yes — PB Packaging Group Ltd reported a profit of £437k in the year to 30 Nov 2025.

Company No. 00698834 · Incorporated 19 Jul 1961

PB Packaging Group Ltd

Registered name: PB PACKAGING GROUP LTD

PB Packaging Group Ltd made £19m revenue and £437k profit in the year to 30 Nov 2025.

PB Packaging Group Ltd’s revenue grew 3% to £19m in the year to 30 Nov 2025, with £437k profit and 149 employees. The company is classified under “manufacture of corrugated paper and paperboard, sacks and bags” and is based in Middlesex; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 17211Manufacture of corrugated paper and paperboard, sacks and bags SIC 22210Manufacture of plastic plates, sheets, tubes and profiles SIC 22220Manufacture of plastic packing goods

Status: Active
Location: Middlesex, London
Age: 65 yrs · since 1961
Type: Private Limited Company

Latest accounts · year to 30 Nov 2025

Key figures

IndependentOperating leverageCash flow filed

Revenue

£19m

Growth ▲2.6%

Profit

£437k

Growth ▲249.6%

Profit margin

2.3%

Gross 41.4%

Employees

149

Change ▲0.7%

Profit / employee

£2.9k

Revenue/employee £128k

Profitable streak

4yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Nov 2022	30 Nov 2023	30 Nov 2024	30 Nov 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£18.6m	£18.5m	£18.5m	£19m
Cost of sales	£12.7m	£11.1m	£11.4m	£11.1m
Gross profit	£5.9m	£7.4m	£7.1m	£7.9m
Operating profit	£309k	£774k	−£118k	£443k
Profit before tax	£373k	£863k	£281k	£694k
Profit after tax	£333k	£476k	£125k	£437k
Profit (best available)	£333k	£476k	£125k	£437k
Staff costs	£4.3m	£5.3m	£5.9m	£5.7m
Employees (average)	89	142	148	149
Ratios
Profit margin	1.8%	2.6%	0.7%	2.3%
Gross margin	31.9%	39.9%	38.5%	41.4%
Revenue per employee	£209k	£130k	£125k	£128k
Profit per employee	£3.7k	£3.4k	£845	£2.9k
Cash conversion	274.2%	255.2%	—	418.9%
Growth (year on year)
Revenue growth	—	▼0.6%	▲0.3%	▲2.6%
Profit growth	—	▲42.8%	▼73.7%	▲249.6%
Headcount growth	—	▲59.6%	▲4.2%	▲0.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.2m	£2.2m	£889k	£1.5m
Net assets	£8.2m	£8.7m	£8.9m	£9m
Fixed assets	£1.8m	£1.9m	£2.2m	£2m
Current assets	£9.8m	£10.6m	£9.1m	£9.8m
Debtors	£2.4m	£2.1m	£2.3m	£2.3m
Cash from operations	£846k	£2m	−£1.3m	£1.9m
Source	Accounts · bulk data Nov 2024	Accounts · bulk data Nov 2024	FullAccounts · bulk data Jun 2025	FullAccounts · bulk data Jul 2026

Derived from the latest filing

How the business works

Profit margin: 2.3%; Profit ÷ revenue.
Gross margin: 41.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £128k; Revenue ÷ average employees.
Profit per employee: £2.9k; Profit ÷ average employees.
Cash conversion: 418.9%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 10.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 12.1%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▲2%; Now £9m
Cash at bank: ▲71%; Now £1.5m
Headcount: ▲1%; Now 149
Deferred income: —; Now —
Fixed assets: ▼12%; Now £2m

Corporate ownership

Group structure

Subsidiaries (1)

Polybags UK LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Nov 2025 (profit £437k), from the Companies House accounts bulk data published Jul 2026. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.