Wipak UK Limited
Registered name: WIPAK UK LIMITED
Wipak UK Limited made £32.1m revenue and £959k profit in the year to 31 Dec 2025. read from filing text
Wipak UK Limited’s revenue was £32.1m in the year to 31 Dec 2025, with £959k profit and 118 employees. The company is classified under “manufacture of plastic packing goods” and is based in Welshpool; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Welshpool, West Midlands
- Age
- 50 yrs · since 1976
- 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. From the filing: “Parent's undertaking”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | £31.4m | £33.3m | £31.9m | £32.1m |
| Cost of sales | £26.4m | £28.7m | £27.8m | £27.1m |
| Gross profit | £5m | £4.5m | £4.2m | £5m |
| Operating profit | £1.9m | £1.8m | £1.6m | £1.8m |
| Profit before tax | £1.6m | £1.1m | £961k | £1.3m |
| Profit after tax | £1.2m | £857k | £714k | £959k |
| Profit (best available) | £1.2m | £857k | £714k | £959k |
| Staff costs | £5.1m | £5.5m | £5.7m | £6.1m |
| Employees (average) | 109 | 116 | 118 | 118 |
| Ratios | ||||
| Profit margin | 3.8% | 2.6% | 2.2% | 3% |
| Gross margin | 15.8% | 13.6% | 13.1% | 15.5% |
| Revenue per employee | £288k | £287k | £271k | £272k |
| Profit per employee | £10.9k | £7.4k | £6k | £8.1k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲6% | ▼4% | ▲0.3% |
| Profit growth | — | ▼27.9% | ▼16.7% | ▲34.4% |
| Headcount growth | — | ▲6.4% | ▲1.7% | 0% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £17.1k | £0 | £1.6k | £0 |
| Net assets | £3.5m | £4.4m | £4.6m | £4.9m |
| Fixed assets | £8.6m | £8.1m | £7.5m | £7.2m |
| Current assets | £10.9m | £11.3m | £9.1m | £8.7m |
| Debtors | £7m | £6.7m | £5.5m | £5.2m |
| Deferred income | £8.5k | £6.2k | £4k | £1.7k |
| Source | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Jun 2026 |
How the business works
- Profit margin
- 3%
- Profit ÷ revenue.
- Gross margin
- 15.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £272k
- Revenue ÷ average employees.
- Profit per employee
- £8.1k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 22.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 16.4%
- 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
- ▲6%
- Now £4.9m
- Cash at bank
- ▼100%
- Now £0
- Headcount
- 0%
- Now 118
- Deferred income
- ▼57%
- Now £1.7k
- Fixed assets
- ▼4%
- Now £7.2m
Similar profitable businesses
- Nolato Jaycare LimitedNewcastle Upon Tyne · Manufacture of plastic packing goods
- Revenue
- £32.5m
- Profit
- £6.5m
- Staff
- 176
- NDC Polipak LimitedSutton Coldfield · Manufacture of plastic packing goods
- Revenue
- £33m
- Profit
- £1.5m
- Staff
- 144
- Duo Plastics LimitedManchester · Manufacture of plastic packing goods
- Revenue
- £27m
- Profit
- £1.4m
- Staff
- 115
- Pont Packaging LimitedManchester · Manufacture of plastic packing goods
- Revenue
- £27m
- Profit
- £1.5m
- Staff
- 31
- Nexus Packaging Ltd.Glasgow · Manufacture of plastic packing goods
- Revenue
- £25.4m
- Profit
- £1.6m
- Staff
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- TS (UK) LimitedMiddleton · Manufacture of plastic packing goods
- Revenue
- £21.7m
- Profit
- £529k
- Staff
- 132
Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £959k), from the Companies House accounts bulk data published Jun 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.