Atlantic Plastics Limited
Registered name: ATLANTIC PLASTICS LIMITED
Atlantic Plastics Limited made £30.3m revenue and £3.5m profit in the year to 30 Sep 2023.
Atlantic Plastics Limited’s revenue grew 13% to £30.3m in the year to 30 Sep 2023, with £3.5m profit and 155 employees. The company is classified under “manufacture of plastics in primary forms” and is based in Bridgend; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Bridgend, Wales
- Age
- 52 yrs · since 1974
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Sep 2022 | 30 Sep 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £26.8m | £30.3m |
| Cost of sales | £23m | £22.8m |
| Gross profit | £3.8m | £7.5m |
| Operating profit | £901k | £4.7m |
| Profit before tax | £839k | £4.7m |
| Profit after tax | £600k | £3.5m |
| Profit (best available) | £600k | £3.5m |
| Staff costs | £4.9m | £5.7m |
| Employees (average) | 161 | 155 |
| Ratios | ||
| Profit margin | 2.2% | 11.5% |
| Gross margin | 14.2% | 24.9% |
| Revenue per employee | £166k | £196k |
| Profit per employee | £3.7k | £22.6k |
| Growth (year on year) | ||
| Revenue growth | — | ▲13.1% |
| Profit growth | — | ▲482.7% |
| Headcount growth | — | ▼3.7% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £1.5m | £1m |
| Net assets | £10.6m | £11.3m |
| Fixed assets | £5.5m | £6m |
| Current assets | £12.4m | £12.3m |
| Debtors | £5.5m | £5.8m |
| Deferred income | £453k | £730k |
| Source | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2024 |
How the business works
- Profit margin
- 11.5%
- Profit ÷ revenue.
- Gross margin
- 24.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £196k
- Revenue ÷ average employees.
- Profit per employee
- £22.6k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 19.6%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 2.4%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 19.1%
- 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
- ▲7%
- Now £11.3m
- Cash at bank
- ▼31%
- Now £1m
- Headcount
- ▼4%
- Now 155
- Deferred income
- ▲61%
- Now £730k
- Fixed assets
- ▲9%
- Now £6m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Similar profitable businesses
- Novares Peterlee LimitedPeterlee · Manufacture of plastics in primary forms
- Revenue
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- Profit
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- Staff
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- Vil Resins Ltd.Bolton · Manufacture of plastics in primary forms
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- Toray Advanced Composites UK LtdNottingham · Manufacture of plastics in primary forms
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- Profit
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- Benvic Dugdale LimitedWest Yorkshire · Manufacture of plastics in primary forms
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- Polyram U.K. LimitedGloucester · Manufacture of plastics in primary forms
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- £20.6m
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- Hexpol Tpe LtdManchester · Manufacture of plastics in primary forms
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- Profit
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Sources
Latest figures from FullAccounts for the year to 30 Sep 2023 (profit £3.5m), from the Companies House accounts bulk data published Jun 2024. 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.