How much does Weedon Corrugated Products Limited make?

Weedon Corrugated Products Limited reported revenue of £17.3m and £485k profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Weedon Corrugated Products Limited have?

Weedon Corrugated Products Limited reported an average of 103 employees in the year to 31 Dec 2023.

Is Weedon Corrugated Products Limited profitable?

Yes — Weedon Corrugated Products Limited reported a profit of £485k in the year to 31 Dec 2023.

Company No. 07550404 · Incorporated 3 Mar 2011

Weedon Corrugated Products Limited

Registered name: WEEDON CORRUGATED PRODUCTS LIMITED

Part of Zeus Packaging Investments (UK) Limited group

Weedon Corrugated Products Limited made £17.3m revenue and £485k profit in the year to 31 Dec 2023. read from filing text

Weedon Corrugated Products Limited’s revenue fell 9% to £17.3m in the year to 31 Dec 2023, with £485k profit and 103 employees. The company is classified under “manufacture of corrugated paper and paperboard, sacks and bags” and is based in Cannock; we hold 2 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 17211Manufacture of corrugated paper and paperboard, sacks and bags SIC 17219Manufacture of other paper and paperboard containers

Status: Active
Location: Cannock, West Midlands
Age: 15 yrs · since 2011
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

Capital-light

Revenue

£17.3m

Growth ▼8.7%

Profit

£485k

Growth ▼22.4%

Profit margin

2.8%

Gross 30%

Employees

103

Change ▲1%

Profit / employee

£4.7k

Revenue/employee £168k

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&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£19m	£17.3m
Cost of sales	£14.4m	£12.1m
Gross profit	£4.5m	£5.2m
Operating profit	£741k	£786k
Profit before tax	£616k	£634k
Profit after tax	£625k	£485k
Profit (best available)	£625k	£485k
Staff costs	£3.2m	£3.4m
Employees (average)	102	103
Ratios
Profit margin	3.3%	2.8%
Gross margin	24%	30%
Revenue per employee	£186k	£168k
Profit per employee	£6.1k	£4.7k
Growth (year on year)
Revenue growth	—	▼8.7%
Profit growth	—	▼22.4%
Headcount growth	—	▲1%
Balance sheet — indirect signals, not revenue
Cash at bank	£37.5k	£70.5k
Net assets	−£586k	−£101k
Fixed assets	£1.4m	£1.3m
Current assets	£4m	£2.9m
Debtors	£2.4m	£1.5m
Deferred income	£767k	£458k
Source	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data Apr 2024

Derived from the latest filing

How the business works

Profit margin: 2.8%; Profit ÷ revenue.
Gross margin: 30%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £168k; Revenue ÷ average employees.
Profit per employee: £4.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 7.8%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 8.4%; 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: —; Now −£101k
Cash at bank: ▲88%; Now £70.5k
Headcount: ▲1%; Now 103
Deferred income: ▼40%; Now £458k
Fixed assets: ▼6%; Now £1.3m

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

Zeus Packaging Investments (UK) Limitedultimate parent75–100%
Weedon Holdings Limited75–100%
Weedon Corrugated Products Limitedthis company

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

Sister companies (2)

Weedon Packaging Solution Centre LimitedRev. £20.3m · Profit £442k
I2I Europe LimitedRev. — · Profit £46.6k

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 £485k), from the Companies House accounts bulk data published Apr 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.