IPL PLASTICS (UK) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-26 (in 9mo)
Last made up 2026-02-12
Watchouts
Cash
£6M
-20.2% vs 2023
Net assets
£9M
-47.5% vs 2023
Employees
524
+75.3% vs 2023
Profit before tax
-£8M
+69.6% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 2 times since incorporation
- IPL PLASTICS (UK) LIMITED 2023-05-31 → present
- ONE51 ES PLASTICS (UK) LIMITED 2009-07-13 → 2023-05-31
- HALLCO 1438 LIMITED 2007-02-12 → 2009-07-13
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £69,861,000 | £138,350,000 | |
| Operating profit | £4,667,000 | -£1,524,000 | |
| Profit before tax | -£26,125,000 | -£7,930,000 | |
| Net profit | -£22,712,000 | -£7,930,000 | |
| Cash | £7,951,000 | £6,347,000 | |
| Total assets less current liabilities | £118,041,000 | £76,943,000 | |
| Net assets | £16,692,000 | £8,762,000 | |
| Equity | £16,692,000 | £8,762,000 | |
| Average employees | 299 | 524 | |
| Wages | £11,436,000 | £12,996,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 6.7% | -1.1% | |
| Net margin | -32.5% | -5.7% | |
| Return on capital employed | 4.0% | -2.0% | |
| Gearing (liabilities / total assets) | 89.7% | 93.6% | |
| Current ratio | 1.41x | 0.93x | |
| Interest cover | 0.49x | -0.28x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Intelligent Packaging Sub Limited Partnership, the Company's intermediate parent undertaking, has provided a formal letter of support indicating its willingness to provide financial support to assist the Company in meeting its liabilities as and when they fall due, to the extent that money is not otherwise available to meet such liabilities, for a period of twelve months from the approval of these financial statements. On this basis the Directors consider it appropriate to prepare the financial statements on a going concern basis.”
Group structure
- IPL PLASTICS (UK) LIMITED · parent
- Coral Products (Mouldings) Limited 100%
- Brightgreen Plastics Limited 100%
- IPL US Holding Company 100%
Significant events
- “On 30 April 2025, the Companies ultimate parent announced its intention to merge with Schoeller Allibert, primarily a European manufacturer of reusable transport packaging solutions headquartered in Hoofddorp, the Netherlands. The proposed merger, which is subject to certain closing conditions including the receipt of regulatory approvals, is expected to close in the third quarter of 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BROWNE, Patrick James | Secretary | 2020-12-11 | — | — |
| BROWNE, Patrick James | Director | 2022-09-15 | Jun 1974 | Irish |
| WALSH, Alan | Director | 2011-09-05 | Nov 1976 | Irish |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HOLBURN, Susan | Secretary | 2007-05-17 | 2019-01-14 |
| MARCOUX, Christian | Secretary | 2019-01-14 | 2020-12-11 |
| WILKINSON, Anthony Donald | Secretary | 2007-05-17 | 2007-05-17 |
| HALLIWELLS SECRETARIES LIMITED | Corporate Nominee Secretary | 2007-02-12 | 2007-05-17 |
| BROWNE, Patrick James | Director | 2020-05-13 | 2020-12-11 |
| CONNAIRE, Matthew | Director | 2007-05-17 | 2008-12-31 |
| DALTON, Patrick Joseph | Director | 2018-03-16 | 2020-05-13 |
| DROOG, Hans | Director | 2008-12-31 | 2009-11-09 |
| LONG, Michael | Director | 2009-11-09 | 2011-09-05 |
| LUSHER, David Andrew | Director | 2015-12-31 | 2017-04-25 |
| MCCONNELL, Kerry | Director | 2020-12-11 | 2022-09-14 |
| MCDONALD, Fintan | Director | 2011-09-05 | 2013-02-07 |
| MURDOCH, Paul Raymond | Director | 2013-02-07 | 2015-12-31 |
| SUGRUE, Conor | Director | 2009-08-31 | 2011-09-05 |
| WILKINSON, Anthony Donald | Director | 2007-05-17 | 2009-08-31 |
| HALLIWELLS DIRECTORS LIMITED | Corporate Director | 2007-02-12 | 2007-05-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Alan Walsh | Individual | Significant influence | 2020-10-15 | Ceased 2025-07-01 |
| Mr Paul Finnegan | Individual | Significant influence | 2020-10-15 | Ceased 2020-10-15 |
| Mr Samuel Mencoff | Individual | Significant influence | 2020-10-15 | Ceased 2020-10-15 |
| One51 Es Plastics (Ireland) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2016-04-06 |
Filing timeline
Last 20 of 146 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-05-31 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-16 | AA | accounts | Accounts with accounts type full | |
| 2025-07-11 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2025-07-11 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-07-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-27 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2025-02-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-23 | AA | accounts | Accounts with accounts type full | |
| 2024-02-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-15 | SH01 | capital | Capital allotment shares | |
| 2023-11-07 | AA | accounts | Accounts with accounts type full | |
| 2023-05-31 | CH01 | officers | Change person director company with change date | |
| 2023-05-31 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-04-26 | AA | accounts | Accounts with accounts type full | |
| 2023-02-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-09-22 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-22 | TM01 | officers | Termination director company with name termination date | |
| 2022-04-26 | PSC01 | persons-with-significant-control | Notification of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+98%
£69,861,000 £138,350,000
-
Cash
-20.2%
£7,951,000 £6,347,000
-
Net assets
-47.5%
£16,692,000 £8,762,000
-
Employees
+75.3%
299 524
-
Operating profit
-132.7%
£4,667,000 -£1,524,000
-
Profit before tax
+69.6%
-£26,125,000 -£7,930,000
-
Wages
+13.6%
£11,436,000 £12,996,000
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