VPK PACKAGING LTD

1. VPK PACKAGING LTD 2020-09-25 → present
2. RIGID CONTAINERS LIMITED 1978-12-31 → 2020-09-25
3. DESBOROUGH PACKAGING LIMITED 1934-08-02 → 1978-12-31

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements are prepared on a going concern basis which the directors consider to be appropriate for the following reasons. The directors have prepared cash flow forecasts that cover the period to June 2026. These demonstrate that the company anticipates being profitable and overall cash generative. The company is partially funded through a debt factoring arrangement provided by a fellow subsidiary of VPK Group NV, a bank loan guaranteed by VPK Group NV, together with other intercompany current accounts. The directors anticipate this funding arrangement to continue throughout the forecast period. Based on these forecasts and the anticipated continued support of the wider group, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Significant events

• “VPK Packaging Limited has on 4th February 2025, entered into a joint venture with McLaren packaging, headquartered in Port Glasgow, Scotland. The new combined business is named McLaren Corrugate Limited.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -7.7%

  £166,925,836 → £154,129,517

• Cash

  —

  Not reported

• Net assets

  -33.6%

  £30,173,290 → £20,024,114

• Employees

  +2.3%

  784 → 802

• Operating profit

  -353.7%

  £4,747,008 → -£12,045,077

• Profit before tax

  -347.1%

  £4,833,969 → -£11,945,089

• Wages

  +11.1%

  £29,201,089 → £32,446,310

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