UK Companies House feature
POLARSEAL TAPES AND CONVERSIONS LIMITED
Cash
£792K
+51.3% vs 2023
Net assets
£3M
+6.2% vs 2023
Employees
89
-5.3% vs 2023
Profit before tax
£1M
+167.7% vs 2023
Profile
- Company number
- 10164939
- Status
- Active
- Incorporation
- 2016-05-05
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 32500
- Hubs
- UK Healthcare
Net assets
6-year trend · vs UK Healthcare median
Accounts
6-year trend · latest 2024-12-31
| Metric | Trend | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | £10,842,891 | — | £10,725,521 | — | — | |
| Operating profit | — | £1,405,634 | — | £181,132 | — | — | |
| Profit before tax | — | £1,399,179 | — | £172,278 | £435,197 | £1,165,208 | |
| Net profit | — | £1,134,763 | — | £166,582 | £241,716 | £780,052 | |
| Cash | £898,162 | £759,214 | £703,070 | £498,132 | £523,358 | £791,813 | |
| Total assets less current liabilities | — | £5,176,503 | — | £4,320,348 | £3,398,576 | £3,317,825 | |
| Net assets | — | £3,531,869 | — | £3,304,179 | £2,987,981 | £3,172,459 | |
| Equity | £2,812,526 | £3,531,869 | £3,531,869 | £3,304,179 | £2,987,981 | £3,172,459 | |
| Average employees | — | 68 | — | 81 | 94 | 89 | |
| Wages | — | £2,229,348 | — | £2,708,924 | £3,035,963 | £3,098,158 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Moore Kingston Smith LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors believe the Company is well placed to manage its business risks. As an expanding business the company carefully manages its cashflows and compiles a 13 week cash flow forecast. Budgets are produced annually and a rolling Forecast monthly... the directors believe the Company to be in a strong financial position.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
5 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RICH, Matthew | Secretary | 2025-01-27 | — | — |
| RICH, John | Director | 2016-05-05 | May 1968 | British |
| RICH, Matthew Dale | Director | 2016-05-05 | Jan 1991 | British |
| RICH, Simon Frank | Director | 2016-05-05 | Jun 1962 | British |
| RICH, Tobias | Director | 2016-05-05 | Jul 1991 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Polarseal Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2022-10-12 | Active |
Filing timeline
Last 20 of 55 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-05-05 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2026-03-04 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2025-06-03 | AA | accounts | accounts with accounts type full |
| 2025-05-27 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-02-03 | AP03 | officers | appoint person secretary company with name date |
| 2024-09-30 | AA | accounts | accounts with accounts type full |
| 2024-05-09 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-12-22 | AA | accounts | accounts with accounts type full |
| 2023-05-17 | CS01 | confirmation-statement | confirmation statement with updates |
| 2023-05-16 | PSC02 | persons-with-significant-control | notification of a person with significant control |
| 2023-05-16 | PSC09 | persons-with-significant-control | withdrawal of a person with significant control statement |
| 2023-05-12 | AD02 | address | change sail address company with old address new address |
| 2023-05-12 | CH01 | officers | change person director company with change date |
| 2023-05-12 | CH01 | officers | change person director company with change date |
| 2022-11-22 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2022-11-17 | RESOLUTIONS | resolution | resolution |
| 2022-09-30 | AA | accounts | accounts with accounts type full |
| 2022-09-15 | MA | incorporation | memorandum articles |
| 2022-09-02 | RESOLUTIONS | resolution | resolution |
| 2022-09-01 | SH10 | capital | capital variation of rights attached to shares |
Credit score
Altman Z″ (private-firm) · reference 2024-12-31
4.54
SAFE
Altman Z″
- Working capital / Total assets 0.346 × 6.56 = +2.27
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.182 × 6.72 = +1.22
- Book equity / Total liabilities 0.997 × 1.05 = +1.05
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory