SPM PLASTICS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-08 (in 10mo)
Last made up 2026-02-22
Watchouts
None on the register
Cash
£535K
-0.1% vs 2023
Net assets
£3M
-14.6% vs 2023
Employees
101
-9% lowest in 6 filed years
Profit before tax
-£247K
+69.8% vs 2023
Net assets
8-year trend · vs Basic Materials median
Accounts
8-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | £9,684,000 | £9,224,000 | — | £9,796,511 | — | — | £9,118,023 | £9,071,539 | |
| Operating profit | £544,000 | £353,000 | — | £976,086 | — | — | -£839,506 | -£262,485 | |
| Profit before tax | £506,000 | £322,000 | — | £938,157 | £537,385 | — | -£816,506 | -£246,888 | |
| Net profit | £416,000 | £325,000 | — | £745,806 | £586,018 | — | -£668,490 | -£460,802 | |
| Cash | £225,000 | £167,000 | — | £135,114 | £410,911 | — | £535,954 | £535,234 | |
| Total assets less current liabilities | £2,727,000 | £3,172,000 | — | £3,794,880 | £4,207,057 | — | £3,379,971 | £3,020,523 | |
| Net assets | £2,146,000 | £2,031,000 | — | £3,078,857 | £3,988,374 | — | £3,200,134 | £2,734,332 | |
| Equity | — | — | £2,030,801 | £3,078,857 | £3,988,374 | £3,988,374 | £3,200,134 | £2,734,332 | |
| Average employees | 121 | 115 | — | 115 | 111 | — | 111 | 101 | |
| Wages | £2,551,000 | £2,511,000 | — | £2,750,876 | £3,515,424 | — | £2,781,329 | £2,839,059 | |
| Directors' remuneration | — | — | — | — | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-0.5%
£9,118,023 £9,071,539
lowest in 5 filed years
-
Cash
-0.1%
£535,954 £535,234
-
Net assets
-14.6%
£3,200,134 £2,734,332
-
Employees
-9%
111 101
lowest in 6 filed years
-
Operating profit
+68.7%
-£839,506 -£262,485
-
Profit before tax
+69.8%
-£816,506 -£246,888
-
Wages
+2.1%
£2,781,329 £2,839,059
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-31 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 5.6% | 3.8% | — | 10.0% | — | — | -9.2% | -2.9% | |
| Net margin | 4.3% | 3.5% | — | 7.6% | — | — | -7.3% | -5.1% | |
| Return on capital employed | 19.9% | 11.1% | — | 25.7% | — | — | -24.8% | -8.7% | |
| Current ratio | — | — | — | — | — | — | 1.23x | 1.13x | |
| Interest cover | 14.32x | 11.39x | — | 25.73x | — | — | — | — |
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 2 times since incorporation
- SPM PLASTICS LIMITED 2000-05-23 → present
- DYNACAST PLASTICS LIMITED 2000-04-20 → 2000-05-23
- OTHERTEST LIMITED 2000-02-24 → 2000-04-20
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Menzies LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis which assumes the Company will continue in operational existence for the foreseeable future. In making their assessment the directors have reviewed the statement of financial position, the likely future cashflows of the business and have considered the facilities that are in place at the date of signing the report. The company does not currently have any external borrowings as any finance required is provided by the ultimate parent company The Partner Companies LLC. The Partner Companies LLC has confirmed it will continue to provide any financial support required for a period of at least twelve months from the signing of these financial statements.”
Group structure
- SPM PLASTICS LIMITED · parent
- United Plastics Group (Barbados) SRL 100%
- United Plastics Group (Suzhou), Co, Ltd 100%
Significant events
- “The directors report a small decrease in turnover for the year ended 31 December 2024 of 0.5% from £9,118,023 in 2023 to £9,071,539 in 2024 as the business transitions away from automotive business to more stable sectors.”
- “Loss before taxation has reduced from £816,506 to £246,888 in the year to 31 December 2024.”
- “During the year, the Company operated a defined benefit pension scheme the assets and liabilities of which were transferred to Just Retirement Limited on 30 July 2024 and the scheme formally wound up on 16 December 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 28 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JOWETT, James Andrew | Secretary | 2021-10-28 | — | — |
| BOWEN, Lee | Director | 2025-06-16 | Apr 1966 | British |
Show 28 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOWEN, Lee | Secretary | 2006-09-30 | 2012-04-02 |
| DOERR, James | Secretary | 2012-04-02 | 2016-06-08 |
| GOLD, Robert | Secretary | 2008-05-31 | 2012-04-02 |
| HARRIS, Richard | Secretary | 2001-09-14 | 2005-10-15 |
| KOFFMAN, Ilya | Secretary | 2016-06-08 | 2021-10-28 |
| KORAL, Gregory David | Secretary | 2000-03-09 | 2000-09-01 |
| MINIHANE, Neil Joseph | Secretary | 2016-06-08 | 2021-10-28 |
| MOREFIELD, Michael Thomas | Secretary | 2000-09-01 | 2001-09-14 |
| OSPALIK, Robert | Secretary | 2012-04-02 | 2016-06-08 |
| STRASZYNSKI, Mark | Secretary | 2005-10-15 | 2008-05-31 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2000-02-24 | 2000-03-09 |
| BRICKMAN, Charles Andrew | Director | 2012-04-02 | 2016-06-08 |
| FAIG, Harold | Director | 2012-04-02 | 2016-06-08 |
| GILLESPIE, Graham Richard William | Director | 2000-03-09 | 2000-09-01 |
| GOLD, Robert | Director | 2007-02-28 | 2012-04-02 |
| GOMEZ, Luis Demetrio | Director | 2024-06-30 | 2025-05-21 |
| HARRIS, Richard | Director | 2001-09-14 | 2007-05-22 |
| JOWETT, James Andrew | Director | 2021-10-28 | 2025-06-17 |
| KOFFMAN, Ilya | Director | 2016-06-08 | 2021-10-28 |
| KORAL, Gregory David | Director | 2000-03-09 | 2000-09-01 |
| KRISS, William Joseph | Director | 2000-09-01 | 2001-07-17 |
| MINIHANE, Neil Joseph | Director | 2016-06-08 | 2021-10-28 |
| MOREFIELD, Michael Thomas | Director | 2000-09-01 | 2001-09-14 |
| MURPHY, Maurice William | Director | 2021-10-28 | 2024-06-30 |
| NOLAN, Timothy Doyle, Mr. | Director | 2009-11-30 | 2012-04-02 |
| SIGMON, Christopher | Director | 2006-09-30 | 2009-11-30 |
| WHITE, Shannon Marlow | Director | 2001-07-17 | 2005-06-30 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 2000-02-24 | 2000-03-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Inspire Upg Uk Limited | Corporate entity | Shares 75–100% | 2016-06-08 | Active |
Filing timeline
Last 20 of 146 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-06-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-06-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-02-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-27 | AA | accounts | Accounts with accounts type full | |
| 2023-03-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-09-26 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-08-02 | AA | accounts | Accounts with accounts type full | |
| 2022-02-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-02 | AP03 | officers | Appoint person secretary company with name date | |
| 2021-11-02 | TM01 | officers | Termination director company with name termination date | |
| 2021-11-02 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
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.