PPS MIDLANDS LIMITED

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

• Turnover

  +8.3%

  £8,733,515 → £9,455,604

• Cash

  +189%

  £67,198 → £194,213

• Net assets

  +102.1%

  £145,639 → £294,355

• Employees

  -3.6%

  84 → 81

• Operating profit

  +89.6%

  £190,208 → £360,571

• Profit before tax

  +2,469%

  £7,899 → £202,922

• Wages

  -1.1%

  £2,925,953 → £2,893,191

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

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.

1. PPS MIDLANDS LIMITED 2010-07-12 → present
2. PPS EQUIPMENT MANAGEMENT LIMITED 2004-05-24 → 2010-07-12
3. PLASTIC PALLET SYSTEMS LIMITED 2002-12-02 → 2004-05-24

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In April 2024, the wider group secured additional new debt of £0.3m via shareholder loans. A further £0.6m of shareholder loans were injected into to the wider group in October 2024. This provides headroom to support additional working capital and capital equipment expenditure. Company trading has continued to improve following the full year effect of automation in 2023. EBITDA in the year was £1.5m compared to £1.3m in the previous year. The directors have prepared detailed budgets and forecasts covering the period to 31 December 2026 which model expected trading results, cash flows and the level of facilities the company requires on a month-by-month basis.”

Significant events

• “In April 2024, the wider group secured additional new debt of £0.3m via shareholder loans. A further £0.6m of shareholder loans were injected into to the wider group in October 2024.”
• “In the year, the company further invested in the equipment pool. Along with the investment in machinery in 2023 this puts the company in a strong position to take on new customers and extend the services provided to current clients.”
• “At 31 December 2024, group bank loans totalled £2,579,375 (2023: £3,319,376) and net group invoice financing drawdowns totalled £1,234,214 (2023: £1,196,184).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.