RAI POLYMERS UK LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-20 (in 6mo)
Last made up 2025-11-06
Watchouts
None on the register
Cash
£607K
+70.5% vs 2023
Net assets
£5M
+0.4% vs 2023
Employees
14
-6.7% vs 2023
Profit before tax
£19K
+101.5% vs 2023
Name history
Renamed 2 times since incorporation — the current trading name was adopted 2024-12-23
- RAI POLYMERS UK LTD 2024-12-23 → present
- POLYDIST (UK) LIMITED 2015-04-01 → 2024-12-23
- RESIN TRADE LIMITED 1992-11-19 → 2015-04-01
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £28,672,000 | £27,306,000 | |
| Operating profit | -£992,000 | £283,000 | |
| Profit before tax | -£1,305,000 | £19,000 | |
| Net profit | -£1,119,000 | £19,000 | |
| Cash | £356,000 | £607,000 | |
| Total assets less current liabilities | £4,813,000 | £4,831,000 | |
| Net assets | £4,813,000 | £4,831,000 | |
| Equity | £4,813,000 | £4,831,000 | |
| Average employees | 15 | 14 | |
| Wages | £789,000 | £761,000 |
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 | -3.5% | 1.0% | |
| Net margin | -3.9% | 0.1% | |
| Return on capital employed | -20.6% | 5.9% | |
| Current ratio | 1.41x | 1.39x | |
| Interest cover | -2.41x | 0.76x |
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 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As a result of the above and the cash flow projections, the board believe there is sufficient evidence that the Company has the ability to meet its obligations, as and when they fall due, for the foreseeable future and as such the going concern basis of preparation is appropriate.”
Group structure
- RAI POLYMERS UK LTD · parent
- Polydist Benelux B.V. 100%
- Resin Trade Limited 100%
- Polydist (Europe) Limited 100%
- Polydist (UK) Limited 100%
- Polydist Europe Holdings Limited 100%
Significant events
- “The company has been rebranded as RAI Polymers UK Ltd from 23rd December 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AL NAQEEB, Said | Director | 2006-04-13 | Jul 1955 | Kuwaiti |
| AL NAQEEB, Tareq | Director | 2015-07-21 | Jan 1985 | Kuwaiti |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CORNISH, Susan | Secretary | 1992-11-19 | 1998-09-01 |
| SMITH, Maria Michelle | Secretary | 1998-09-01 | 2020-06-30 |
| BLACK-ROBERTS, Timothy | Director | 1992-11-19 | 1997-03-03 |
| BRADWELL, Richard Francis George | Director | 1992-11-19 | 2022-06-10 |
| CONTREIRAS RODRIGUES NETO, Eduardo | Director | 2022-01-27 | 2025-08-27 |
| EL-KHOURY, Ghassan | Director | 2015-07-21 | 2015-10-09 |
| ROTH, Henry | Director | 2015-07-21 | 2022-01-27 |
| YAMINE, Germene Gerges | Director | 2015-10-09 | 2024-10-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Rai Europe Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-06-16 | Active |
Filing timeline
Last 20 of 137 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-12-23 CERTNM Certificate change of name company
- 2024-12-23 CONNOT Change of name notice
- 2024-11-28 MA Memorandum articles
- 2024-11-20 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-22 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-04-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-09 | AA | accounts | Accounts with accounts type full | |
| 2025-09-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-11 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-01-03 | MISC | miscellaneous | Miscellaneous | |
| 2024-12-23 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-12-23 | CONNOT | change-of-name | Change of name notice | |
| 2024-11-28 | MA | incorporation | Memorandum articles | |
| 2024-11-20 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-23 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-26 | AA | accounts | Accounts with accounts type full | |
| 2024-04-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-03-27 | CH01 | officers | Change person director company with change date | |
| 2024-03-26 | CH01 | officers | Change person director company with change date | |
| 2024-03-26 | CH01 | officers | Change person director company with change date | |
| 2024-03-26 | CH01 | officers | Change person director company with change date | |
| 2024-02-13 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- 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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-4.8%
£28,672,000 £27,306,000
-
Cash
+70.5%
£356,000 £607,000
-
Net assets
+0.4%
£4,813,000 £4,831,000
-
Employees
-6.7%
15 14
-
Operating profit
+128.5%
-£992,000 £283,000
-
Profit before tax
+101.5%
-£1,305,000 £19,000
-
Wages
-3.5%
£789,000 £761,000
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