R3 POLYGON UK LTD.

1. R3 POLYGON UK LTD. 2010-09-30 → present
2. MUNTERS LIMITED 1995-12-15 → 2010-09-30
3. ROTAIRE LIMITED 1990-12-17 → 1995-12-15
4. MUNTERS LTD 1986-08-21 → 1990-12-17
5. MUNTERS ROTAIRE LIMITED 1982-11-12 → 1986-08-21
6. ROTAIRE DRIERS LIMITED 1976-12-31 → 1982-11-12
7. CARGOCAIRE LIMITED 1946-01-03 → 1976-12-31

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 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making due enquiries, considering the impact of the global macroeconomic and domestic pressures impacting the Company and the support available from the parent company described above, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for 12 months from the date of approval of these financial statements.”

Group structure

1. R3 POLYGON UK LTD. · parent
   1. Harwell Technical Services Limited 100% · UK · Restoration services
   2. Neways Associates Limited 100% · UK · Repairs and refurbishment and removal and storage
   3. The Plastic Surgeon Holdings Limited 100% · UK · Holding
   4. TPSFF Holdings Limited 100% · UK · Holding
   5. The Plastic Surgeon Limited 100% · UK · Cosmetic repair services
   6. TPS Fine Finishing Limited 100% · UK · Dormant
   7. The Plastic Surgeon (Franchising) Limited 100% · UK · Dormant
   8. The Plastic Surgeon (Logistics) Limited 100% · UK · Dormant
   9. Caption Data Limited 80.2% · UK · Other information technology service activities
   10. Polygon Damage Control Limited 100% · UK · Restoration Services
   11. Polygon Ireland Limited 100% · Ireland · Restoration Services
   12. Tersus Limited 100% · UK · Restoration Services
   13. Ark and General Ltd 100% · UK · Restoration Services
   14. Damage Control Scotland Ltd 100% · UK · Restoration Services

Significant events

• “In 2024, the Company achieved revenue of £49,184,000, an increase of 4.46% compared to 2023, which was principally the result of a full year impact of the Polygon Damage Control Hive-up on 1 July 2023. Further, an increase in activity in insurance claims due to weather events 2023 resulting in work throughout the subsequent months of 2024.”
• “An annual impairment review was completed as at 31 December 2024 which resulted in an impairment of Polygon Digital Solutions Ltd of £1,604,000.”
• “The MRB Scheme was closed to new members and closed to further accrual of benefits with effect from 31 December 2002.”
• “During September 2022, the Trustees carried out a bulk annuity transaction with Aviva which covered the remaining defined benefits (as set out in the Trust Deed and Rules) for members of the MRB Scheme and purchased a bulk annuity policy to meet these benefits as they fall due.”
• “The MRB Scheme was wound-up in September 2024.”
• “On 31 December 2024 the Company issued 250,000 ordinary shares to the immediate parent Polygon International AB for total consideration of £13,604,000 This share issue was used to fund working capital and did not result in a change in ownership.”

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

Filings

5

last 12 months

Capital events

1

last 24 months

Officers appointed

2

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

  +4.7%

  £46,989,000 → £49,184,000

• Cash

  —

  Not reported

• Net assets

  +22.9%

  -£19,087,000 → -£14,707,000

• Employees

  -3.3%

  454 → 439

• Operating profit

  +84.4%

  -£30,511,000 → -£4,759,000

• Profit before tax

  +69.9%

  -£31,850,000 → -£9,583,000

• Wages

  +5.4%

  £13,872,000 → £14,626,000

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