Coda Plastics Limited
Registered name: CODA PLASTICS LIMITED
Part of Newship Group Limited groupCoda Plastics Limited made £4.8m revenue and £76.6k profit in the year to 31 Dec 2025.
Coda Plastics Limited’s revenue was £4.8m in the year to 31 Dec 2025, with £76.6k profit and 56 employees. The company is classified under “manufacture of plastic packing goods” and is based in Norfolk; we hold 5 years of its filed accounts.
- Status
- Active
- Location
- Norfolk, East of England
- Age
- 53 yrs · since 1973
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 May 2022 | 31 May 2023 | 31 May 2024 | 31 May 2025 | 31 Dec 2025 |
|---|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||||
| Revenue (turnover) | £9.3m | £10.6m | £9.4m | £9.5m | £4.8m |
| Cost of sales | £6.7m | £6.8m | £5.9m | £6.2m | £3.2m |
| Gross profit | £2.5m | £3.8m | £3.6m | £3.4m | £1.5m |
| Operating profit | £206k | £1.2m | £951k | £664k | £120k |
| Profit before tax | £177k | £1.2m | £931k | £659k | £107k |
| Profit after tax | £159k | £808k | £694k | £511k | £76.6k |
| Profit (best available) | £159k | £808k | £694k | £511k | £76.6k |
| Staff costs | £2.2m | £2.3m | £2.2m | £2.3m | — |
| Employees (average) | 65 | 59 | 59 | 60 | 56 |
| Ratios | |||||
| Profit margin | 1.7% | 7.6% | 7.4% | 5.4% | 1.6% |
| Gross margin | 27.4% | 36% | 37.9% | 35.2% | 32.4% |
| Revenue per employee | £143k | £180k | £160k | £159k | £85.2k |
| Profit per employee | £2.4k | £13.7k | £11.8k | £8.5k | £1.4k |
| Growth (year on year) | |||||
| Revenue growth | — | ▲14.6% | ▼11.3% | ▲1.1% | — |
| Profit growth | — | ▲409.6% | ▼14.1% | ▼26.4% | — |
| Headcount growth | — | ▼9.2% | 0% | ▲1.7% | — |
| Balance sheet — indirect signals, not revenue | |||||
| Cash at bank | £722k | £810k | £922k | £814k | £1.1m |
| Net assets | £3.6m | £4.1m | £3.6m | £3.9m | £3.9m |
| Fixed assets | £3.3m | £3.1m | £2.6m | £2.1m | £1.9m |
| Current assets | £4m | £4.1m | £3.7m | £4.1m | £3.8m |
| Debtors | £2m | £2.2m | £1.7m | £2.2m | £1.6m |
| Source | Accounts · bulk data Jan 2024 | Accounts · bulk data Jan 2024 | FullAccounts · bulk data Jan 2025 | FullAccounts · bulk data Oct 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 1.6%
- Profit ÷ revenue.
- Gross margin
- 32.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £85.2k
- Revenue ÷ average employees.
- Profit per employee
- £1.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 39.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 33.7%
- Money owed by customers. Low = customers pay quickly.
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
- —
- Now £3.9m
- Cash at bank
- —
- Now £1.1m
- Headcount
- —
- Now 56
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now £1.9m
Group structure
Ownership chain
- Newship Group Limitedultimate parent75–100%
- Newship Limited75–100%
- Campbell & Tate Ltd75–100%
- Coda Plastics Limitedthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £76.6k), from the Companies House accounts bulk data published Sep 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.