PLASTIPAK UK LTD
Operating as a UK subsidiary of the American group Plastipak Holdings Inc, the company manufactures plastic packaging products from its facility in Wrexham.
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Cash
£176K
-45% vs 2024
Net assets
£21M
+13% highest in 3 filed years
Employees
357
-8.7% lowest in 3 filed years
Profit before tax
£3.9M
+231.3% highest in 3 filed years
Net assets
3-year trend · vs Basic Materials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-10-31
| Metric | Trend | 2023-10-31 | 2024-10-31 | 2025-10-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £190,075,000 | £175,423,000 | £169,738,000 | -3.2% | |
| Operating profit | -£2,916,000 | -£1,271,000 | £7,578,000 | +696.2% | |
| Profit before tax | -£7,833,000 | -£2,946,000 | £3,869,000 | +231.3% | |
| Net profit | -£6,710,000 | -£2,562,000 | £2,982,000 | +216.4% | |
| Cash | £170,000 | £320,000 | £176,000 | -45% | |
| Total assets less current liabilities | £39,597,000 | £35,746,000 | £35,387,000 | -1% | |
| Net assets | -£1,284,000 | £18,261,000 | £20,636,000 | +13% | |
| Equity | -£1,284,000 | £18,261,000 | £20,636,000 | +13% | |
| Average employees | 413 | 391 | 357 | -8.7% | |
| Wages | £18,324,000 | £18,349,000 | £17,772,000 | -3.1% | |
| Directors' remuneration | — | £0 | £0 | — |
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 | 2023-10-31 | 2024-10-31 | 2025-10-31 |
|---|---|---|---|---|
| Operating margin | -1.5% | -0.7% | 4.5% | |
| Net margin | -3.5% | -1.5% | 1.8% | |
| Return on capital employed | -7.4% | -3.6% | 21.4% | |
| Gearing (liabilities / total assets) | — | 78.1% | 73.4% | |
| Current ratio | 1.31x | 1.29x | 1.41x | |
| Interest cover | -0.70x | -0.76x | 2.04x |
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
- PLASTIPAK UK LTD 2015-07-27 → present
- PLASTIPAK U.K., LTD. 2015-05-08 → 2015-07-27
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Grant Thornton
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After reviewing the Group's forecast and projections coupled with the ultimate parental financial support available and waived of loan repayment by the related party, the directors believe that the Group is well placed to manage its business risks successfully despite the current uncertain economic outlook, the directors are satisfied that the Group has adequate resources to continue in operational existence for the foreseeable future and therefore has adopted the going concern basis in preparing these financial statements.”
Group structure
- PLASTIPAK UK LTD · parent
- Clean Tech UK Ltd 100%
Significant events
- “The ongoing war in Ukraine has driven up commodity and energy prices, whilst the current cost-of-living crisis has lowered consumer demand.”
- “EPR (Extended Producer Responsibility) was introduced in 2024, and the government continues with plans to introduce DRS (Deposit Return Schemes).”
- “Plastics Packaging Tax came into effect on 1st April 2022.”
- “The Group repaid £21,719,000 against a loan with the parent company in October 2024.”
- “The new Extended Producer Responsibility system was introduced in 2023 but the UK government delayed its full introduction until 19th December 2024 when The Producer Responsibility Obligations (Packaging and Packaging Waste) Regulations 2024 became law. Obligations under the old rules contained in the Packaging Waste Regulations 2007 are calculated differently, therefore Plastipak released the difference in the provision in the fiscal year 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FRANZ, Matthew Gerard | Director | 2020-09-21 | Sep 1959 | American |
| MORGAN, Edward Vincent | Director | 2025-09-23 | Aug 1968 | American |
| PLOTZKE, Michael | Director | 2015-05-08 | Aug 1957 | American |
| RODRIGUES MARTINS, Pedro Manuel | Director | 2025-09-23 | Jun 1976 | Portuguese |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| POLLOCK, Francis | Director | 2015-05-08 | 2020-09-21 |
| YOUNG, William | Director | 2015-05-08 | 2025-09-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr William Young | Individual | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 39 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-23 | AA | accounts | Accounts with accounts type group | |
| 2026-05-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-15 | AA | accounts | Accounts with accounts type group | |
| 2024-11-13 | SH01 | capital | Capital allotment shares | |
| 2024-08-05 | AA | accounts | Accounts with accounts type group | |
| 2024-05-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-04 | AA | accounts | Accounts with accounts type group | |
| 2023-05-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-08-09 | AA | accounts | Accounts with accounts type group | |
| 2022-05-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-03 | AA | accounts | Accounts with accounts type full | |
| 2021-05-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-10-12 | AP01 | officers | Appoint person director company with name date | |
| 2020-10-12 | TM01 | officers | Termination director company with name termination date | |
| 2020-08-13 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 1
- Officers appointed
- 2
- Officers resigned
- 1
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.