VIP-POLYMERS LIMITED
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Cash
£19K
lowest in 3 filed years
Net assets
£684K
lowest in 3 filed years
Employees
102
Average over period
Profit before tax
-£160K
Period ending 2025-06-28
Net assets
3-year trend · vs Basic Materials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-06-28
| Metric | Trend | 2023-07-01 | 2024-06-29 | 2025-06-28 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £19,409,052 | £14,957,440 | £14,133,479 | — | |
| Operating profit | £436,462 | £557,525 | £167,633 | — | |
| Profit before tax | £178,019 | -£1,458 | -£160,112 | — | |
| Net profit | £348,783 | £5,033 | -£160,112 | — | |
| Cash | £151,578 | £30,344 | £18,508 | — | |
| Total assets less current liabilities | £1,924,366 | £1,674,089 | £1,787,319 | — | |
| Net assets | £839,202 | £844,235 | £684,123 | — | |
| Equity | £839,202 | £844,235 | £684,123 | — | |
| Average employees | 110 | 100 | 102 | — | |
| Wages | £4,062,195 | £3,267,670 | £3,277,053 | — | |
| Directors' remuneration | £130,596 | £123,202 | £85,905 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. Year-on-year comparison hidden: this filing covers about 12 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-07-01 | 2024-06-29 | 2025-06-28 |
|---|---|---|---|---|
| Operating margin | 2.2% | 3.7% | 1.2% | |
| Net margin | 1.8% | 0.0% | -1.1% | |
| Return on capital employed | 22.7% | 33.3% | 9.4% | |
| Current ratio | — | 0.93x | 1.03x | |
| Interest cover | 1.58x | 1.00x | 0.51x |
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.
Name history
Renamed 2 times since incorporation
- VIP-POLYMERS LIMITED 2005-05-06 → present
- VIP-HEINKE LIMITED 2002-02-27 → 2005-05-06
- 115CR (115) LIMITED 2001-07-20 → 2002-02-27
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- MHA Audit Services LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Management concludes that there are no material uncertainties that would cast doubt about the company's ability to continue as a going concern and the going concern basis of accounting is appropriate.”
Significant events
- “Market conditions have been challenging during the year however the business has mitigated losses through ongoing restructuring actions.”
- “Results for the year saw revenues of £14.1m and operating profit at £167k which were lower than the same period last year, primarily due to market softening, delays in new business projects and restructuring costs.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MILLAR, John Stewart Duncan | Secretary | 2019-10-03 | — | — |
| LITWINOWICZ, Leszek Richard | Director | 2002-02-12 | May 1958 | British |
| MIDDLETON, Trevor | Director | 2002-02-12 | Feb 1957 | British |
| MILLAR, John Stewart Duncan | Director | 2005-12-14 | Aug 1964 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LITWINOWICZ, Leszek Richard | Secretary | 2002-02-12 | 2012-11-30 |
| MCCULLUM, Glenn | Secretary | 2012-12-01 | 2019-05-31 |
| PEET, Alastair Jonathan Taylor | Secretary | 2001-07-20 | 2002-02-12 |
| CASEY, Stephen Thomas | Director | 2005-12-14 | 2019-09-30 |
| FISHER, Jacqueline | Nominee Director | 2001-07-20 | 2002-02-12 |
| GROVE, David Leslie | Director | 2002-02-12 | 2011-11-13 |
| LISTER, Terence Rodney | Director | 2002-02-12 | 2004-08-26 |
| MAHONEY, Stephen John | Director | 2005-12-14 | 2012-08-30 |
| MC CULLUM, Glenn | Director | 2005-12-14 | 2019-05-31 |
| PEET, Alastair Jonathan Taylor | Director | 2001-07-20 | 2002-02-12 |
| WEBB, Paul Christopher | Director | 2005-12-14 | 2009-05-26 |
| WILDIG, Simon Roger | Director | 2002-02-12 | 2005-06-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Jonathon David Grove | Individual | Shares 25–50%, Voting 25–50% | 2018-05-03 | Active |
| Mr Simon Leslie Grove | Individual | Shares 25–50%, Voting 25–50% | 2018-05-03 | Active |
| David Grove Discretionary Will Trust | Corporate entity | Shares 50–75% | 2016-12-14 | Ceased 2018-05-03 |
Filing timeline
Last 20 of 137 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-28 | AA | accounts | Accounts with accounts type full | |
| 2025-07-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-21 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-07-21 | CH03 | officers | Change person secretary company with change date | |
| 2025-07-21 | CH01 | officers | Change person director company with change date | |
| 2025-03-31 | AA | accounts | Accounts with accounts type full | |
| 2024-07-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-15 | CH01 | officers | Change person director company with change date | |
| 2024-07-10 | CH01 | officers | Change person director company with change date | |
| 2024-07-10 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-07-10 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-03-20 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-03-20 | CH03 | officers | Change person secretary company with change date | |
| 2024-03-20 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-12-22 | AA | accounts | Accounts with accounts type full | |
| 2023-12-08 | AA01 | accounts | Change account reference date company previous extended | |
| 2023-07-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-04 | AA | accounts | Accounts with accounts type full | |
| 2022-07-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-12-31 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.