POLARSEAL TAPES AND CONVERSIONS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-18 (in 1y)
Last made up 2026-05-04
Watchouts
None on the register
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
Net assets
6-year trend · vs Health Care median
Accounts
6-year trend · latest reflected 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 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 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | 13.0% | — | 1.7% | — | — | |
| Net margin | — | 10.5% | — | 1.6% | — | — | |
| Return on capital employed | — | 27.2% | — | 4.2% | — | — | |
| Interest cover | — | 217.76x | — | 18.85x | — | — |
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
- 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 and subsidiary information is drawn from the narrative of the latest annual accounts. 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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
—
Not reported
-
Cash
+51.3%
£523,358 £791,813
-
Net assets
+6.2%
£2,987,981 £3,172,459
-
Employees
-5.3%
94 89
-
Profit before tax
+167.7%
£435,197 £1,165,208
-
Wages
+2%
£3,035,963 £3,098,158
highest in 4 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers