POLYSEAM LIMITED

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

• Turnover

  +5.8%

  £22,936,394 → £24,257,517

• Cash

  +232.1%

  £499,202 → £1,657,911

• Net assets

  +27.7%

  £6,119,498 → £7,814,370

• Employees

  -5%

  140 → 133

• Operating profit

  +213.6%

  £682,953 → £2,141,959

• Profit before tax

  +241.2%

  £604,966 → £2,064,036

• Wages

  +0.1%

  £5,320,274 → £5,325,264

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

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.

1. POLYSEAM LIMITED 1994-06-21 → present
2. DEALGRADE LIMITED 1993-07-26 → 1994-06-21

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Robson Laidler Accountants Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“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

• “Polyseam has continued to expand in passive fire protection markets. The key brands to Polyseam are Protecta, Graft and several customer own brands.”
• “New personnel have been welcomed to Polyseam with the main one being the position of Head of Engineering.”
• “To meet the demand for certified passive fire protection products, research and development, design and fire testing divisions are being strengthened with new appointments.”
• “New machinery and equipment investment included commissioning of the new Board Line (due February 2025).”
• “Plans are being prepared for automation of the EX Mortar line as demand continues to increase.”
• “Attacks targeting ships in the Red Sea have disrupted commercial shipping operations since December 2023 and continue to delay schedules adding many weeks to our deliveries.”
• “New SMART objectives were created in 2024. Also there is a drive to create an environmental and CSR strategy and mission statement.”
• “Sales turnover for 2024 increased to £24.2m (2023 £22.9m).”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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