LINPAC PACKAGING LIMITED

• ⚠

  Material uncertainty over going concern

  The Company's ability to continue as a going concern is dependent upon the successful completion of a refinancing of existing borrowing facilities by the Parent company of the Group (Kleopatra Holdings 2 S.C.A). Note 27 describes events or conditions that indicate a material uncertainty related to going concern.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. LINPAC PACKAGING LIMITED 2008-02-14 → present
2. LINPAC PLASTICS LIMITED 1994-12-30 → 2008-02-14
3. LINPAC PLASTICS INTERNATIONAL LIMITED 1991-06-11 → 1994-12-30
4. LIN PAC PLASTICS INTERNATIONAL LIMITED 1969-03-10 → 1991-06-11

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 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Company's ability to continue as a going concern is dependent upon the successful completion of a refinancing of existing borrowing facilities by the Parent company of the Group (Kleopatra Holdings 2 S.C.A). Note 27 describes events or conditions that indicate a material uncertainty related to going concern.”

Group structure

1. LINPAC PACKAGING LIMITED · parent
   1. LINPAC Packaging Italia SpA 100% · Italy · Holding Company
   2. Infia S.r.l 100% · Italy · Plastic conversion
   3. Infia Iberica S.L. 75% · Spain · Distribution
   4. Infia Plastic S.L. 100% · Spain · Plastic Conversion
   5. LINPAC Packaging Verona S.r.l 100% · Italy · Plastic Conversion
   6. LINPAC Packaging Holdings S.L.U. 100% · Spain · Holding Company
   7. LINPAC Packaging Pravia S.A. 100% · Spain · Plastic Conversion
   8. Ovarpack Embalagens S.A. 100% · Portugal · Distribution
   9. Moldpack S.L. 100% · Spain · Tooling
   10. LINPAC Packaging China Holdings Ltd 100% · UK · Holding Company
   11. LINPAC Packaging (Changzhou) Co. Ltd 100% · China · Plastic Conversion
   12. LINPAC Packaging East (Belarus)* 99% · Belarus · Plastic Conversion
   13. LINPAC Packaging Australia PTY.Ltd* 100% · Australia · Plastic Conversion
   14. Klockner Pentaplast de México S. de R.L. de C.V. 99.99% · Mexico · Sales
   15. Klöckner Pentaplast do Brasil, Ltda 100% · Brazil · Plant - COT
   16. Pentaplast, Unipessoal, Lda. 100% · Portugal · Plant - SAN
   17. Klöckner Pentaplast España S.A.U. 100% · Spain · Plant - GIR
   18. Klöckner PentaplastGebze Ambalaj Maddeleri A.S.0 100% · Turkey · Plant - GEB

Significant events

• “Following the LINPAC Australia loan elimination project which started in 2024, in January 2025 Linpac Group Holdings agreed to subscribe for shares in Linpac Packaging equal to the value of the Promissory Note of AUD 46.5m and the Promissory Note was settled against debt arising from the Share Subscription Balance by way of offset.”
• “In June 2025 the LINPAC Packaging Limited purchased 100% indirect subsidiary LINPAC Packaging Verona Srl from LINPAC Packaging Italia SpA (owned 100% directly by LINPAC Packaging Limited) for €5 million.”
• “In August 2025 LINPAC Packaging Limited incorporated two new English legal entities, INFIA Midco 1 Limited and INFIA Midco 2 Limited, and its direct shareholding in LINPAC Packaging Italia SpA was transferred at book value to INFIA Midco2 Limited. LINPAC Packaging Limited then transferred its shareholding in INFIA Midco2 Limited to INFIA Midco1 Limited at book value.”
• “On 24 October 2025 LINPAC Australia was sold for a total net consideration of AUD7.6m.”
• “On 4 November, 2025, Kleopatra Holdings 2 S.C.A. and certain of its Debtor affiliates filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas.”
• “On 5 November, 2025, the Debtors filed the Joint Prepackaged Plan of Reorganization (the "Plan") which is expected to be confirmed by the Court before 31 March 2026.”

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

Filings

15

last 12 months

Capital events

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  +9.2%

  £66,862,000 → £72,990,000

• Cash

  -18%

  £14,529,000 → £11,914,000

• Net assets

  -2.5%

  £410,260,000 → £400,041,000

• Employees

  +1.9%

  267 → 272

• Operating profit

  -136.5%

  £3,526,000 → -£1,286,000

• Profit before tax

  -149.8%

  £18,487,000 → -£9,206,000

• Wages

  +6.7%

  £9,932,000 → £10,602,000

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