FIRST CIRCLE PACKAGING LIMITED

1. FIRST CIRCLE PACKAGING LIMITED 2020-10-07 → present
2. NAMPAK PLASTICS EUROPE LIMITED 2003-06-03 → 2020-10-07
3. NAMPAK PLC 2001-03-30 → 2003-06-03
4. PLYSU P L C 1945-11-02 → 2001-03-30

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

MHA

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors are satisfied that the Company has sufficient cash reserves and headroom in its credit facilities to continue trading for a period of at least 12 months from the date of approval of these financial statements and accordingly continue to prepare the financial statements on a going concern basis.”

Significant events

• “As part of the final phases of turnaround during 2023 the business exited several large supply agreements that had unacceptably low profitability and that had resisted acceptable improvement.”
• “During the year the Company has acquired four additional PET production machines, more than trebling our PET production capacity. One machine was installed and commissioned during the year, with all of the remaining three entering production between March and May 2025.”
• “The business has been developing automation, including robotics and other changes which we have started to improve processes by driving efficiencies, mitigating human error, and reducing waste production, energy consumption and simplifying packaging and handling processes.”
• “During the last year the Company has installed a new ERP system which has driven efficiencies in its own right and is now supporting further efficiencies through the improved quality, speed and availability of key operational and performance information.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  +6.8%

  £33,735,000 → £36,016,000

• Cash

  -32.5%

  £1,948,000 → £1,314,000

• Net assets

  +8.4%

  £2,838,000 → £3,076,000

• Employees

  -5.4%

  184 → 174

• Operating profit

  +154.6%

  £1,132,000 → £2,882,000

• Profit before tax

  +508.9%

  £292,000 → £1,778,000

• Wages

  +9.8%

  £6,463,000 → £7,097,000

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