TRANSCEND PACKAGING LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-29 (in 4mo)
Last made up 2025-09-15
Watchouts
None on the register
Cash
£948K
+104.3% vs 2023
Net assets
£14M
+103.1% highest in 6 filed years
Employees
245
-14.6% vs 2023
Profit before tax
-£10M
-56.2% vs 2023
Net assets
6-year trend · vs Basic Materials median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £19,221,000 | £13,688,000 | |
| Operating profit | — | — | — | — | -£4,572,000 | -£8,550,000 | |
| Profit before tax | — | — | — | — | -£6,161,000 | -£9,625,000 | |
| Net profit | -£5,629,720 | -£2,871,650 | -£6,658,362 | -£7,882,811 | -£6,161,000 | -£9,625,000 | |
| Cash | £224,582 | £1,000,348 | £96,509 | £702,497 | £464,000 | £948,000 | |
| Total assets less current liabilities | £2,481,738 | — | — | — | £16,310,000 | £21,287,000 | |
| Net assets | -£1,470,930 | £1,906,595 | -£3,973,531 | -£11,856,326 | £6,846,000 | £13,905,000 | |
| Equity | — | — | — | -£11,856,326 | £6,846,000 | £13,905,000 | |
| Average employees | 51 | 108 | 155 | 206 | 287 | 245 | |
| Wages | £3,462,183 | £4,616,168 | £6,802,056 | £6,459,969 | £7,687,000 | £7,013,000 | |
| Directors' remuneration | — | — | — | — | £471,000 | £565,000 |
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
-28.8%
£19,221,000 £13,688,000
-
Cash
+104.3%
£464,000 £948,000
-
Net assets
+103.1%
£6,846,000 £13,905,000
highest in 6 filed years
-
Employees
-14.6%
287 245
-
Operating profit
-87%
-£4,572,000 -£8,550,000
-
Profit before tax
-56.2%
-£6,161,000 -£9,625,000
-
Wages
-8.8%
£7,687,000 £7,013,000
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 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | -23.8% | -62.5% | |
| Net margin | — | — | — | — | -32.1% | -70.3% | |
| Return on capital employed | — | — | — | — | -28.0% | -40.2% | |
| Gearing (liabilities / total assets) | — | — | — | — | 78.8% | 58.7% | |
| Current ratio | — | — | — | — | 0.83x | 1.36x | |
| Interest cover | — | — | — | — | -2.87x | -7.21x |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- MHA
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are confident that sufficient additional funding will be obtained to enable the group and company to continue to discharge their liabilities as and when they fall due. On this basis, the Directors consider it appropriate to prepare the financial statements on the going concern basis.”
Group structure
- TRANSCEND PACKAGING LIMITED · parent
- Transcend Packaging Italy S.r.l 57%
- Roda Packaging d.o.o 100%
- Transcend Packaging B.V.
Significant events
- “In 2024, the group focused on strategic development, laying the groundwork for future product innovation, business expansion, and market differentiation.”
- “A key milestone in 2024 was securing additional equity funding, building on the investment received in 2023 which removed the convertible loan note funding.”
- “New environmental regulations across several EU countries accelerated its adoption... PE-free cup is now being produced at scale for a customer who has also become an equity partner.”
- “A comprehensive review of business costs led to annual savings of over £1 million.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LOWE, Timothy Alun | Secretary | 2026-05-01 | — | — |
| ANGELUCCI, Lorenzo | Director | 2017-10-23 | Sep 1966 | Italian |
| BAILES, Justin Alan | Director | 2019-06-25 | Aug 1971 | American |
| BRANFIELD, Leigh Charles | Director | 2017-10-23 | Aug 1968 | British |
| FYSH, Gabriel Robert Laurence | Director | 2018-06-14 | Nov 1973 | British |
| PETRI, Alex Valente | Director | 2022-09-27 | Feb 1985 | Italian |
| REGOLI, Paolo | Director | 2025-02-27 | Sep 1971 | Italian |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FYSH, Gabriel Robert Laurence | Secretary | 2017-11-05 | 2020-03-01 |
| KERSLEY, David Paul | Secretary | 2020-05-22 | 2022-06-16 |
| KINDRED, Ashley | Secretary | 2022-06-16 | 2026-03-24 |
| CRAIG-WOOD, Christopher John | Director | 2020-12-01 | 2021-11-30 |
| DICKSON, Charles Edward | Director | 2019-04-11 | 2019-11-22 |
| LIDGITT, Douglas Edmund | Director | 2020-09-22 | 2022-05-03 |
| SNOW, Alexander Charles Wallace | Director | 2019-06-28 | 2020-02-28 |
| SUZUKI, Yuto | Director | 2023-07-01 | 2026-02-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Lorenzo Angelucci | Individual | Shares 50–75%, Voting 50–75% | 2017-10-23 | Ceased 2018-09-25 |
| Mr Leigh Charles Branfield | Individual | Shares 25–50%, Voting 25–50% | 2017-10-23 | Ceased 2017-11-14 |
Filing timeline
Last 20 of 159 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-07 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-03-24 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-03-03 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-07 | AA | accounts | Accounts with accounts type group | |
| 2025-12-28 | SH01 | capital | Capital allotment shares | |
| 2025-11-28 | SH01 | capital | Capital allotment shares | |
| 2025-10-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-11 | SH01 | capital | Capital allotment shares | |
| 2025-03-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-03-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-21 | SH01 | capital | Capital allotment shares | |
| 2024-12-20 | AA | accounts | Accounts with accounts type group | |
| 2024-11-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-24 | ANNOTATION | miscellaneous | Legacy | |
| 2024-10-24 | ANNOTATION | miscellaneous | Legacy | |
| 2024-10-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-01 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2024-09-17 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 6
- 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.