POLYTEC CAR STYLING UK LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to Note 2 (Going Concern) of the financial statements, which indicates that the company recorded a profit of £1.19 million for the year ended 31 December 2024 (2023: loss of £4.01 million). As at that date, the company had a net current liability of £3.83 million (2023: £3.56 million). The company's ability to continue as a going concern is dependent on the successful implementation of the strategic initiatives described on Note 2, which are aimed at improving its financial position and achieving sustained profitability. These conditions, along with other matters presented in the Note indicate the existence of material uncertainty that may cast significant doubt on the company's ability to continue as a going concern.

1. POLYTEC CAR STYLING UK LIMITED 2018-03-14 → present
2. POLYTEC CAR STYLING BROMYARD LIMITED 2012-04-02 → 2018-03-14
3. POLYTEC HOLDEN LIMITED 2004-10-11 → 2012-04-02
4. POLYTEC AUSTRIA UK LIMITED 2000-09-14 → 2004-10-11
5. FANTASTIC DEVELOPMENTS LIMITED 2000-07-04 → 2000-09-14

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 102

Reporting scope

Standalone (parent only)

Auditor

Rödl & Partner Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to Note 2 (Going Concern) of the financial statements, which indicates that the company recorded a profit of £1.19 million for the year ended 31 December 2024 (2023: loss of £4.01 million). As at that date, the company had a net current liability of £3.83 million (2023: £3.56 million). The company's ability to continue as a going concern is dependent on the successful implementation of the strategic initiatives described on Note 2, which are aimed at improving its financial position and achieving sustained profitability. These conditions, along with other matters presented in the Note indicate the existence of material uncertainty that may cast significant doubt on the company's ability to continue as a going concern.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +12%

  £42,767,248 → £47,899,547

• Cash

  -62.7%

  £2,912,074 → £1,087,318

• Net assets

  +287.7%

  -£415,176 → £779,479

• Employees

  +21.8%

  262 → 319

• Operating profit

  +236%

  -£2,102,437 → £2,858,867

• Profit before tax

  +129.8%

  -£4,005,696 → £1,194,655

• Wages

  +33.2%

  £8,921,632 → £11,884,156

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