POLARSEAL TAPES AND CONVERSIONS LIMITED
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Cash
£23K
-97% lowest in 4 filed years
Net assets
£2.9M
-8.8% lowest in 4 filed years
Employees
96
+7.9% highest in 4 filed years
Profit before tax
£305K
-73.8% vs 2024
Net assets
4-year trend · vs Health Care median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | £10,842,891 | £10,725,521 | £12,934,977 | £18,288,456 | +41.4% | |
| Operating profit | £1,405,634 | £181,132 | £1,156,142 | £320,211 | -72.3% | |
| Profit before tax | £1,399,179 | £172,278 | £1,165,208 | £304,804 | -73.8% | |
| Net profit | £1,134,763 | £166,582 | £780,052 | £138,229 | -82.3% | |
| Cash | £759,214 | £498,132 | £791,813 | £23,481 | -97% | |
| Total assets less current liabilities | £5,176,503 | £4,320,348 | £3,317,825 | £3,097,751 | -6.6% | |
| Net assets | £3,531,869 | £3,304,179 | £3,172,459 | £2,893,809 | -8.8% | |
| Equity | £3,531,869 | £3,304,179 | £3,172,459 | £2,893,809 | -8.8% | |
| Average employees | 68 | 81 | 89 | 96 | +7.9% | |
| Wages | £2,229,348 | £2,708,924 | £3,098,158 | £3,987,344 | +28.7% | |
| Directors' remuneration | £198,558 | £181,586 | £150,825 | £297,632 | +97.3% |
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 | 2021-12-31 | 2022-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|
| Operating margin | 13.0% | 1.7% | 8.9% | 1.8% | |
| Net margin | 10.5% | 1.6% | 6.0% | 0.8% | |
| Return on capital employed | 27.2% | 4.2% | 34.8% | 10.3% | |
| Current ratio | — | — | 1.73x | 1.24x | |
| Interest cover | — | 18.85x | — | 15.87x |
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
- POLARSEAL TAPES AND CONVERSIONS LIMITED 2016-06-01 → present
- FORMATIONS TWENTY ONE LIMITED 2016-05-05 → 2016-06-01
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Moore Kingston Smith LLP
- 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
- “On 25 February 2026, the company entered into an invoice discounting facility with HSBC Invoice Finance (UK) Limited. The facility is secured by fixed charges over purchased debts and includes a negative pledge.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RICH, Matthew | Secretary | 2025-01-27 | — | — |
| RICH, John | Director | 2016-05-05 | May 1968 | British |
| RICH, Matthew Dale | Director | 2016-05-05 | Jan 1991 | British |
| RICH, Simon Frank | Director | 2016-05-05 | Jun 1962 | British |
| RICH, Tobias | Director | 2016-05-05 | Jul 1991 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Polarseal Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2022-10-12 | Active |
Filing timeline
Last 20 of 56 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-11-17 RESOLUTIONS Resolution
- 2022-09-15 MA Memorandum articles
- 2022-09-02 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-15 | AA | accounts | Accounts with accounts type full | |
| 2026-05-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-03 | AA | accounts | Accounts with accounts type full | |
| 2025-05-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-03 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-22 | AA | accounts | Accounts with accounts type full | |
| 2023-05-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-05-16 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-05-16 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2023-05-12 | AD02 | address | Change sail address company with old address new address | |
| 2023-05-12 | CH01 | officers | Change person director company with change date | |
| 2023-05-12 | CH01 | officers | Change person director company with change date | |
| 2022-11-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-11-17 | RESOLUTIONS | resolution | Resolution | |
| 2022-09-30 | AA | accounts | Accounts with accounts type full | |
| 2022-09-15 | MA | incorporation | Memorandum articles | |
| 2022-09-02 | RESOLUTIONS | resolution | Resolution |
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.