{"name":"PIL MEMBRANES LIMITED","company_number":"04925636","status":"Active","type":"Private Limited Company","incorporated":"2003-10-08","dissolved":null,"registered_office":"Riverside Industrial Estate,, Estuary Road, King's Lynn, Norfolk, United Kingdom, PE30 2HS","postcode":"PE30 2HS","sic_codes":[{"code":22210,"description":"Manufacture of plastic plates, sheets, tubes and profiles"}],"principal_activity":null,"previous_names":[{"name":"KL TECHNOLOGIES LIMITED","changed_on":"2007-08-21"},{"name":"LEGISLATOR 1652 LIMITED","changed_on":"2003-12-03"}],"warnings":[],"accounts":{"category":"Full","year_end":"30 November","last_made_up_to":"2025-11-30","next_due":"2027-08-31"},"employees":{"count":125,"accounts_date":"2025-11-30"},"financials":[{"financial_date":"2025-11-30","turnover":18390737,"profit_loss":960781,"net_assets":4348329,"cash":1271457,"average_employees":125},{"financial_date":"2024-11-30","turnover":19718058,"net_assets":4771488,"cash":2138330},{"financial_date":"2024-11-29","turnover":19718058,"profit_loss":1767466,"net_assets":4771488,"cash":2138330,"average_employees":129},{"financial_date":"2023-11-30","turnover":17481947,"net_assets":4791153,"cash":2228577},{"financial_date":"2022-11-25","turnover":18915342,"net_assets":5645015,"cash":1658156}],"officers":{"current":6,"resigned":15,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":4,"outstanding":2},"gazette_notices":[],"insolvency_outcome":null,"ai_summary":"PIL Membranes is a profitable, growing manufacturer with a 21-year track record and strong market position in breathable membranes. Revenue has grown 21% from £16.3M (2020) to £19.7M (2024), with operating profit doubling in the latest year to £2.2M. However, the Employee Ownership Trust contributions of £1.8M annually are eroding net assets and consuming virtually all post-tax profits, leaving limited free cash flow for additional debt service. Credit approval is recommended on a conditional basis, with covenants structured around EOT contribution restrictions and minimum net asset thresholds.","website":"https://www.pilmembranes.com","links":{"page":"https://www.companiesintheuk.co.uk/ltd/pil-membranes","people":"https://www.companiesintheuk.co.uk/company/pil-membranes/people","filing_history":"https://www.companiesintheuk.co.uk/company/pil-membranes/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/04925636","financials":"https://www.companiesintheuk.co.uk/company/pil-membranes/financial","control":"https://www.companiesintheuk.co.uk/company/pil-membranes/control","charges":"https://www.companiesintheuk.co.uk/company/pil-membranes/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/pil-membranes/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/pil-membranes"}