POLYMERMEDICS 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

  -5.3%

  £9,924,107 → £9,393,623

• Cash

  -1.6%

  £1,804,176 → £1,775,793

• Net assets

  -3.1%

  £7,678,323 → £7,442,206

• Employees

  +1.5%

  66 → 67

• Operating profit

  -60.9%

  £1,303,967 → £509,389

• Profit before tax

  -113.9%

  £1,539,228 → -£214,583

• Wages

  +7.2%

  £2,023,704 → £2,170,297

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. POLYMERMEDICS LIMITED 2012-09-10 → present
2. POLYMEROPTIX UK LIMITED 2011-03-10 → 2012-09-10

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PKF Francis Clark

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the balance sheet date the company had net current assets of £5,847,828 (2023 - £6,463,195). Management have assessed a number of factors in respect of the appropriateness of the going concern assertion, and in particular the current economic climate with regards to inflationary pressures on raw material and energy costs, and uncertainty created through tariff increases in the US. The company is currently in negotiations with its core customer with regards to pricing, and forecasts have been prepared which support the ability of the company to meet its obligations as and when they fall due. Management will continue to monitor these forecasts in light of the uncertain economic environment. After due consideration of these factors the Directors are satisfied that the company will be able to operate within their available facilities and continue as a going concern for the foreseeable future - being a period no less than 12 months from the date of approval of these financial statements.”

Significant events

• “A full impairment of investments of £858,461 has been recognised in the year.”
• “The company continues to engage in research and development to support the products and services that it offers its customers.”

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

Filings

2

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.