PITREAVIE PACKAGING LIMITED
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Cash
£868k
Latest balance sheet
Net assets
£1m
lowest in 6 filed years
Employees
159
highest in 6 filed years
Profit before tax
-£701k
Period ending 2025-12-31
Net assets
6-year trend · vs Basic Materials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £15,072,636 | £20,187,391 | £23,679,542 | £24,145,978 | £24,977,515 | £19,359,192 | — | |
| Operating profit | -£253,874 | £1,426,109 | £615,541 | £1,173,850 | £1,036,445 | -£501,454 | — | |
| Profit before tax | £756,543 | £1,340,943 | £347,527 | £745,840 | £632,409 | -£701,271 | — | |
| Net profit | £677,465 | — | — | £568,608 | £693,733 | -£593,351 | — | |
| Cash | £168,532 | £1,854,812 | £1,105,126 | £1,445,046 | £1,207,886 | £867,571 | — | |
| Total assets less current liabilities | £2,608,674 | £3,777,314 | £4,163,602 | £3,910,626 | £2,678,052 | £3,980,777 | — | |
| Net assets | £1,494,322 | £2,196,629 | £2,198,630 | £1,367,238 | £1,700,971 | £1,016,431 | — | |
| Equity | £1,494,322 | £2,196,629 | £2,198,630 | £1,367,238 | £1,700,971 | £1,016,431 | — | |
| Average employees | 92 | 132 | 149 | 154 | 157 | 159 | — | |
| Wages | £3,326,730 | £4,048,708 | £4,937,557 | £5,300,803 | £5,555,513 | £4,544,728 | — | |
| Directors' remuneration | £291,079 | £208,172 | £262,471 | £268,043 | £286,917 | £171,492 | — | |
| Directors' pension contributions | — | — | — | £88,755 | £140,435 | £70,775 | — | |
| Highest paid director | — | — | — | £92,082 | £111,303 | £83,047 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. Year-on-year comparison hidden: this filing covers about 9 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | -1.7% | 7.1% | 2.6% | 4.9% | 4.1% | -2.6% | |
| Net margin | 4.5% | — | — | 2.4% | 2.8% | -3.1% | |
| Return on capital employed | -9.7% | 37.8% | 14.8% | 30.0% | 38.7% | -12.6% | |
| Gearing (liabilities / total assets) | 81.6% | 81.3% | 83.0% | 88.9% | 84.2% | 91.5% | |
| Current ratio | — | — | — | 0.99x | 0.89x | 0.92x | |
| Interest cover | -2.60x | 16.75x | 2.30x | 2.74x | 2.57x | -2.51x |
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.
Name history
Renamed 1 time since incorporation
- PITREAVIE PACKAGING LIMITED 2015-10-20 → present
- DEL OFFICE SUPPORT LIMITED 2005-09-16 → 2015-10-20
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“the Directors have a reasonable expectation that the Company has adequate resources to continue in existence for at least twelve months from the date of signing these financial statements. For this reason, they continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “The company's immediate controlling party (Pitreavie Group Ltd) was 100 % acquired in January 2025 by MacFarlane Group UK Ltd a wholly owned subsidiary of MacFarlane Group PLC”
- “We were deeply saddened to report in October 2025 the loss of one of our colleagues in a tragic incident at the corrugate manufacturing facility.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ATKINSON, Peter Duncan | Director | 2025-01-10 | Oct 1956 | British |
| GRAY, Ivor | Director | 2025-01-10 | Jul 1969 | British |
| MACDONALD, James | Director | 2025-01-10 | Jan 1986 | British |
| RUSSELL, Julie Ann | Director | 2023-08-21 | Nov 1971 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DELANEY, Lynda | Secretary | 2005-09-16 | 2010-04-01 |
| G D RYALLS & CO LTD | Corporate Secretary | 2007-09-12 | 2012-03-31 |
| ALEXANDER, Scott | Director | 2019-11-05 | 2025-01-10 |
| DELANEY, Gordon | Director | 2005-09-16 | 2025-01-10 |
| DELANEY, Lynda | Director | 2005-09-16 | 2010-04-01 |
| DIAMOND, Joseph O'Neill | Director | 2007-12-12 | 2025-01-10 |
| HESLOP, Stephen | Director | 2011-05-25 | 2025-12-18 |
| TONER, Adam James | Director | 2010-08-10 | 2011-05-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Pitreavie Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 96 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-01-15 MA Memorandum articles
- 2025-01-15 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-14 | AA | accounts | Accounts with accounts type full | |
| 2026-04-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-04 | AA | accounts | Accounts with accounts type full | |
| 2025-07-23 | AA01 | accounts | Change account reference date company current shortened | |
| 2025-04-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-17 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2025-03-13 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2025-03-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-15 | MA | incorporation | Memorandum articles | |
| 2025-01-15 | RESOLUTIONS | resolution | Resolution | |
| 2025-01-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-08 | SH08 | capital | Capital name of class of shares | |
| 2024-07-05 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 1
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.