JIFFY PACKAGING COMPANY LIMITED

1. JIFFY PACKAGING COMPANY LIMITED 2005-10-26 → present
2. PACTIV JIFFY LIMITED 2002-03-30 → 2005-10-26
3. JIFFY PACKAGING COMPANY LIMITED 1984-01-01 → 2002-03-30
4. BALDWIN PACKAGING LIMITED 1979-12-31 → 1984-01-01
5. JIFFY PACKAGING CO.LIMITED 1964-03-13 → 1979-12-31

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

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After reviewing the company's forecasts and projections, the Directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. The Directors therefore believe that it remains appropriate to prepare the financial statements on a going concern basis.”

Significant events

• “The Company turnover has decreased year on year by 11.7% which is mainly driven by a general slowdown in the industry and because of industrial action in Quarter 3 of the year.”
• “The ongoing challenges relating to the situation in Ukraine have led to further inflationary pressures on Raw Material, Energy and Transport cost.”
• “The Gross Margin level has fallen by 27.06%, which is due to the need to purchase in goods from group companies during the industrial action to maintain supply to our customers.”
• “The Company continues to invest in new capital equipment. Capital expenditure of £1.5M in the year is geared towards increasing capacity in a number of key product areas and further improving operational efficiency.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -11.7%

  £25,726,000 → £22,707,000

• Cash

  -80.6%

  £1,348,000 → £261,000

• Net assets

  -2.4%

  £8,314,000 → £8,112,000

• Employees

  -9.8%

  123 → 111

• Operating profit

  -122.8%

  £1,125,000 → -£256,000

• Profit before tax

  -117.5%

  £1,157,000 → -£202,000

• Wages

  -6.3%

  £4,412,000 → £4,134,000

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