2K POLYMER SYSTEMS LIMITED

1. 2K POLYMER SYSTEMS LIMITED 2007-02-26 → present
2. SEALWOOD POLYMER SYSTEMS LIMITED 2007-02-06 → 2007-02-26

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

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After reviewing the company's forecast and projections, and also considering the effect of the current economic climate on the going concern position, the directors consider that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements. In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “Despite the current economic climate and certain embargoed trading constraints, the company recorded a strong year with turnover of £32.2m (2023: £33.1m). Profit before tax increased by 2% in 2024. This was influenced by increased sales volumes and associated manufacturing efficiencies as the business progresses with its investment programme for growth, machinery and product development. Significant focus continues in maintaining an active product approvals certification programme operating as an industry-leading private label chemical anchoring manufacturer. The company continues to pursue acceleration of its diversification and expansion plans on a global basis.”
• “There is a further anticipation over the coming two-year period for global repercussions from the two conflicts in Russia/Ukraine and the Middle East along with the impact of political elections due for three major economies.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -2.7%

  £33,149,790 → £32,241,880

• Cash

  -24.8%

  £5,987,504 → £4,505,014

• Net assets

  +2.2%

  £16,787,031 → £17,152,883

• Employees

  +10%

  100 → 110

• Operating profit

  +2.3%

  £3,133,524 → £3,205,288

• Profit before tax

  +2.3%

  £3,136,828 → £3,209,911

• Wages

  +9.1%

  £3,664,936 → £3,997,762

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