NICE-PAK INTERNATIONAL LIMITED
Operating as a wholly owned subsidiary of the US-based Nice-Pak Products Inc, the company manufactures non-woven materials and products from its base in Wales.
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Cash
£216k
-64.6% lowest in 3 filed years
Net assets
£20m
-18% lowest in 3 filed years
Employees
536
-14% lowest in 3 filed years
Profit before tax
-£3.9m
+63.1% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £154,275,997 | £146,898,772 | £136,652,720 | -7% | |
| Operating profit | -£4,917,569 | -£9,308,513 | -£2,649,841 | +71.5% | |
| Profit before tax | -£5,957,313 | -£10,462,143 | -£3,864,123 | +63.1% | |
| Net profit | -£4,546,379 | -£9,320,709 | -£4,546,004 | +51.2% | |
| Cash | £1,149,370 | £610,709 | £216,454 | -64.6% | |
| Total assets less current liabilities | £35,697,584 | £24,735,920 | £20,281,398 | -18% | |
| Net assets | £34,285,979 | £24,735,920 | £20,281,398 | -18% | |
| Equity | £34,285,979 | £24,735,920 | £20,281,398 | -18% | |
| Average employees | 651 | 623 | 536 | -14% | |
| Wages | £22,395,977 | £27,136,225 | £20,505,757 | -24.4% | |
| Directors' remuneration | £194,225 | £362,098 | £736,150 | +103.3% | |
| Directors' pension contributions | £0 | £0 | £33,495 | — | |
| Highest paid director | £194,225 | £362,098 | £769,645 | +112.6% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -3.2% | -6.3% | -1.9% | |
| Net margin | -2.9% | -6.3% | -3.3% | |
| Return on capital employed | -13.8% | -37.6% | -13.1% | |
| Gearing (liabilities / total assets) | 45.5% | 56.6% | 60.1% | |
| Current ratio | — | 1.06x | 1.07x | |
| Interest cover | -4.65x | -7.96x | -2.17x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- NICE-PAK INTERNATIONAL LIMITED 1987-05-28 → present
- RAPID 2831 LIMITED 1987-04-03 → 1987-05-28
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Board is satisfied it has sufficient cash resources to meet its obligations as they fall due for a period of at least twelve months from the date of signing of this annual report and financial statements”
Group structure
- NICE-PAK INTERNATIONAL LIMITED · parent
- Nice-Pak Deutschland GmbH 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BILLHARTZ, Gregory | Director | 2025-08-13 | Aug 1972 | American |
| DOCKER, Michael Bruce | Director | 2025-01-09 | Mar 1968 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COWELL, David John | Secretary | 2011-11-28 | 2024-04-22 |
| MCENERY, Kevin James | Secretary | — | 1992-03-24 |
| NAPACH, Lester | Secretary | 1993-04-29 | 1993-12-02 |
| PESKOE, Andrew Charles | Secretary | 1992-04-01 | 1993-04-01 |
| ROSENBAUM, Stanley Guy | Secretary | 1993-12-02 | 1997-09-12 |
| EDIS- BATES ASSOCIATES LIMITED | Corporate Secretary | 2007-07-24 | 2011-11-28 |
| EDIS-BATES SECRETARIES LIMITED | Corporate Secretary | 2000-09-07 | 2007-07-24 |
| HAMMOND SUDDARDS SECRETARIES LIMITED | Corporate Secretary | 1997-09-12 | 2000-09-07 |
| BUNDY, Christopher | Director | 1995-07-24 | 1997-05-06 |
| COWELL, David John | Director | 2024-04-23 | 2024-04-30 |
| COWELL, David John | Director | 2021-03-23 | 2024-04-22 |
| JULIUS, Robert Picker | Director | — | 2025-01-09 |
| NAPACH, Lester | Director | 1992-08-20 | 1993-04-29 |
| OLIN GILES, Gary | Director | 2024-03-11 | 2025-08-13 |
| PESKOE, Andrew Charles | Director | 1992-04-01 | 1992-11-02 |
| STATON, Michael Alexander | Director | 1997-11-14 | 2021-03-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Robert Picker Julius | Individual | Significant influence | 2016-04-06 | Ceased 2024-12-31 |
Filing timeline
Last 20 of 221 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-24 RESOLUTIONS Resolution
- 2025-09-23 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-17 | AA | accounts | Accounts with accounts type group | |
| 2026-07-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-24 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-23 | AA | accounts | Accounts with accounts type group | |
| 2025-09-23 | MA | incorporation | Memorandum articles | |
| 2025-09-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-08-26 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-26 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-14 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.