How much does Verplas Limited make?

Verplas Limited reported revenue of £13.2m and £898k profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Verplas Limited have?

Verplas Limited reported an average of 78 employees in the year to 31 Dec 2023.

Is Verplas Limited profitable?

Yes — Verplas Limited reported a profit of £898k in the year to 31 Dec 2023.

Company No. 02033296 · Incorporated 2 Jul 1986

Verplas Limited

Registered name: VERPLAS LIMITED

Part of Indutrade Ab group

Verplas Limited made £13.2m revenue and £898k profit in the year to 31 Dec 2023.

Verplas Limited’s revenue fell 2% to £13.2m in the year to 31 Dec 2023, with £898k profit and 78 employees. The company is classified under “manufacture of other plastic products” and is based in Verwood; we hold 2 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 22290Manufacture of other plastic products SIC 96090Other service activities n.e.c.

Status: Active
Location: Verwood, South West
Age: 40 yrs · since 1986
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.

Latest accounts · year to 31 Dec 2023

Key figures

Cash flow filed

Revenue

£13.2m

Growth ▼1.7%

Profit

£898k

Growth ▼20.9%

Profit margin

6.8%

Gross 34.3%

Employees

Change ▲1.3%

Profit / employee

£11.5k

Revenue/employee £169k

Profitable streak

2yrs

Consecutive profitable years in our data

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

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£13.4m	£13.2m
Cost of sales	£8.9m	£8.7m
Gross profit	£4.6m	£4.5m
Operating profit	£1.5m	£1.3m
Profit before tax	£1.5m	£1.2m
Profit after tax	£1.1m	£898k
Profit (best available)	£1.1m	£898k
Staff costs	£2.6m	£2.8m
Employees (average)	77	78
Ratios
Profit margin	8.5%	6.8%
Gross margin	34%	34.3%
Revenue per employee	£175k	£169k
Profit per employee	£14.8k	£11.5k
Cash conversion	62.3%	154.7%
Growth (year on year)
Revenue growth	—	▼1.7%
Profit growth	—	▼20.9%
Headcount growth	—	▲1.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£25.2k	£67.3k
Net assets	£3.4m	£3.5m
Fixed assets	£1.9m	£2m
Current assets	£4.9m	£4.8m
Debtors	£2.4m	£2.4m
Deferred income	£378k	£457k
Cash from operations	£964k	£2.1m
Source	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Aug 2024

Derived from the latest filing

How the business works

Profit margin: 6.8%; Profit ÷ revenue.
Gross margin: 34.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £169k; Revenue ÷ average employees.
Profit per employee: £11.5k; Profit ÷ average employees.
Cash conversion: 154.7%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 14.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 3.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 18.4%; 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: ▲3%; Now £3.5m
Cash at bank: ▲167%; Now £67.3k
Headcount: ▲1%; Now 78
Deferred income: ▲21%; Now £457k
Fixed assets: ▲1%; Now £2m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Indutrade Ab (registered outside the UK register)ultimate parent75–100%
Indutrade UK Limited75–100%
Verplas Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (24)

Ellard LimitedRev. £13.9m · Profit £532k
Birmingham Specialities LimitedRev. £6.7m · Profit £978k
Bailey Morris LimitedRev. £6m · Profit £307k
Natgraph LimitedRev. £5.7m · Profit −£346k
Precision Products (UK) LimitedRev. £4.2m · Profit −£1m
Adam Equipment Co. LimitedRev. £2.7m · Profit £3m
Pipe Equipment Specialists LimitedRev. £1.7m · Profit £253k
Inscale LimitedRev. £262k · Profit £24.5k
Tidyco Topco 24 LimitedRev. £0 · Profit £345
A L H Systems LimitedFigures not disclosed
Adaero Precision Components LimitedFigures not disclosed
Advance Technical Systems LtdFigures not disclosed
Autoroll Investments LtdFigures not disclosed
Beldam Crossley LimitedFigures not disclosed
Crane Group Holdings LtdRev. — · Profit £0
Datum Electronics LtdFigures not disclosed
Flowstop LimitedFigures not disclosed
Geosense LimitedRev. — · Profit £1.4m
Huntingdon Fusion Techniques LimitedFigures not disclosed
Irvine Spring Company LimitedLiquidationFigures not disclosed
Micro Spring & Presswork Company Limited(The)Figures not disclosed
Milltech Precision Engineering LimitedFigures not disclosed
N.W. Metal Sections LtdFigures not disclosed
Wholesale Welding Supplies LimitedRev. — · Profit −£1.3m

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 31 Dec 2023 (profit £898k), from the Companies House accounts bulk data published Aug 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.