2K POLYMER SYSTEMS LIMITED
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Cash
£4.3m
-4.7% lowest in 3 filed years
Net assets
£21m
+21.9% highest in 3 filed years
Employees
107
-2.7% vs 2024
Profit before tax
£5.1m
+58% highest in 3 filed years
Net assets
3-year trend · vs Basic Materials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £33,149,790 | £32,241,880 | £32,947,365 | +2.2% | |
| Operating profit | £3,133,524 | £3,205,288 | £5,070,838 | +58.2% | |
| Profit before tax | £3,136,828 | £3,209,911 | £5,070,838 | +58% | |
| Net profit | £2,077,816 | £2,355,560 | £3,749,125 | +59.2% | |
| Cash | £5,987,504 | £4,505,014 | £4,292,264 | -4.7% | |
| Total assets less current liabilities | £16,865,662 | £17,337,964 | £21,105,894 | +21.7% | |
| Net assets | £16,787,031 | £17,152,883 | £20,902,008 | +21.9% | |
| Equity | £16,787,031 | £17,152,883 | £20,902,008 | +21.9% | |
| Average employees | 100 | 110 | 107 | -2.7% | |
| Wages | £3,664,936 | £3,997,762 | £4,139,309 | +3.5% | |
| Directors' remuneration | £123,875 | £127,961 | £153,952 | +20.3% | |
| Directors' pension contributions | £61,284 | £76,612 | £71,431 | -6.8% | |
| Highest paid director | £123,875 | £127,961 | £153,952 | +20.3% |
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 —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 9.5% | 9.9% | 15.4% | |
| Net margin | 6.3% | 7.3% | 11.4% | |
| Return on capital employed | 18.6% | 18.5% | 24.0% | |
| Gearing (liabilities / total assets) | 27.2% | 23.8% | 15.1% | |
| Current ratio | 2.66x | 2.92x | 4.43x |
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 1 time since incorporation
- 2K POLYMER SYSTEMS LIMITED 2007-02-26 → present
- SEALWOOD POLYMER SYSTEMS LIMITED 2007-02-06 → 2007-02-26
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After reviewing the company's forecast and projections, and also considering the effect of the current economic climate on the going concern position, the directors consider that the company has adequate resources to continue in operational existence for the foreseeable future.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MANNING, Heather Hathaway | Secretary | 2023-03-01 | — | — |
| PATEL, Nimesh | Secretary | 2007-02-06 | — | British |
| ANDERSON, Jeffrey Daniel | Director | 2021-04-01 | Jun 1970 | American |
| JENKINS, Courtney Elizabeth | Director | 2022-05-17 | Jan 1986 | American |
| PATEL, Nimesh | Director | 2007-02-06 | Sep 1966 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GONZALEZ-MAGAZ, Jose | Secretary | 2022-05-17 | 2023-02-28 |
| GRAUER, Corey | Secretary | 2021-04-01 | 2022-05-17 |
| EUROLIFE SECRETARIES LIMITED | Corporate Secretary | 2007-02-06 | 2007-02-06 |
| DEVONPORT, Paul | Director | 2007-08-01 | 2017-01-13 |
| GERNES, Timothy John | Director | 2021-04-01 | 2022-05-17 |
| GRIFFITHS, Sydney James | Director | 2017-01-13 | 2020-03-13 |
| HACKETT, Mark | Director | 2017-01-13 | 2021-04-01 |
| MACKNAMARA, Len | Director | 2007-08-01 | 2012-02-26 |
| PATERSON, Robert Leslie | Director | 2007-02-06 | 2017-01-13 |
| PATERSON, Robert Ian | Director | 2007-02-06 | 2017-01-13 |
| EUROLIFE DIRECTORS LIMITED | Corporate Director | 2007-02-06 | 2007-02-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Marmon Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-04-01 | Active |
| Mitek Industries Limited | Corporate entity | Shares 25–50%, Shares 75–100% (as firm) | 2017-02-06 | Ceased 2021-04-01 |
Filing timeline
Last 20 of 111 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-25 | AA | accounts | Accounts with accounts type full | |
| 2026-05-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-03 | AA | accounts | Accounts with accounts type full | |
| 2025-04-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-03 | AA | accounts | Accounts with accounts type full | |
| 2024-04-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-05 | AA | accounts | Accounts with accounts type full | |
| 2023-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-11 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-04-11 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-09-08 | AA | accounts | Accounts with accounts type full | |
| 2022-05-18 | AP01 | officers | Appoint person director company with name date | |
| 2022-05-18 | CH03 | officers | Change person secretary company with change date | |
| 2022-05-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-18 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-05-18 | TM01 | officers | Termination director company with name termination date | |
| 2022-05-18 | TM02 | officers | Termination secretary company with name termination date | |
| 2021-10-02 | AA | accounts | Accounts with accounts type full | |
| 2021-04-08 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.