POLYMER N3 LIMITED

1. POLYMER N3 LIMITED 2012-05-31 → present
2. MM&S (5716) LIMITED 2012-05-25 → 2012-05-31

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

Consolidated group

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors, making due and careful enquiry, have considered the business risks highlighted in the strategic report for forecasting the position going forward. The directors expect the group to remain profitable and are of the opinion that the group will continue to improve its strong liquidity position. This will enable it to execute its operations and make any payments to the parent undertaking to settle their loan notes over the next 12 months from the balance sheet signing date. The financial statements have therefore been prepared on a going concern basis.”

Group structure

1. POLYMER N3 LIMITED · parent
   1. NCCL Limited 100% · UK · Dormant
   2. Polymer Holdings Limited 100% · UK · Design, development and manufacture of rubber, plastic and cast products
   3. Tube-tec (Tubular Protection) Limited 100% · UK · Dormant

Significant events

• “Two trading divisions of a related party were transferred to the group during the year which has contributed to increased turnover levels and has expanded the group's customer base.”
• “The cash position of the group has decreased from £7.1m to £5.6m impacted by the purchase of buildings (see note 13) and acquisition of current asset investments (see note 18) in the year.”
• “During the year the net assets of two trading divisions of a related party were transferred to the group for £165,895.”

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

Filings

1

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

  +25%

  £22,866,532 → £28,573,038

• Cash

  -21.2%

  £7,053,937 → £5,560,331

• Net assets

  +12.3%

  £74,388,106 → £83,562,935

• Employees

  +6.3%

  32 → 34

• Operating profit

  +20.8%

  £9,111,789 → £11,003,874

• Profit before tax

  +30.9%

  £9,102,508 → £11,916,577

• Wages

  +50.8%

  £801,743 → £1,209,073

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