AQUAPAK POLYMERS LTD

• ⚠

  Annual accounts overdue

  Due 2025-12-31.

• ⚠

  Material uncertainty over going concern

  These events or conditions give rise to a material uncertainty that may cast significant doubt upon the Group and consequently on the Company's ability to continue as a going concern.

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

  -73.2%

  £2,726,693 → £731,599

• Cash

  +47%

  £188,567 → £277,176

  highest in 5 filed years

• Net assets

  +0.9%

  £239,331,308 → £241,517,652

  highest in 3 filed years

• Employees

  +8.5%

  59 → 64

  highest in 4 filed years

• Operating profit

  -39%

  -£7,742,285 → -£10,762,246

  lowest in 3 filed years

• Profit before tax

  -104.8%

  £226,071,673 → -£10,762,246

  lowest in 3 filed years

• Wages

  +41.2%

  £2,249,169 → £3,175,280

  highest in 3 filed years

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

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. AQUAPAK POLYMERS LTD 2010-09-07 → present
2. AQUAPAK LIMITED 2005-01-26 → 2010-09-07

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“These events or conditions give rise to a material uncertainty that may cast significant doubt upon the Group and consequently on the Company's ability to continue as a going concern.”

Significant events

• “The Company set up a manufacturing facility in Birmingham, UK, where it produces Hydropol in the form of a thermally extruded pellet on full scale manufacturing lines to supply the packaging and conversion industry.”
• “The Company continued to invest heavily to develop its manufacturing and R&D capabilities and its core technology platform, to broaden its customer base of blown film manufacturers, paper coaters and fibre producers, and to develop enhanced formulations of Hydropol.”
• “The Company raised finance in late 2022 by means of a loan to its parent company Aquapak Hydropolymers Limited, which has been loaned down to the Company and forms part of the capital of the Company.”
• “As part of the major debt funding successfully concluded in December 2022... all the intellectual property (IP) assets... were transferred into a new company, Aquapak IP Limited.”

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

Filings

4

last 12 months

Capital events

1

last 24 months

Officers appointed

1

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.