POLYMER HOLDINGS LIMITED
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Cash
£2.7m
-36.5% vs 2024
Net assets
£18m
-56.2% lowest in 3 filed years
Employees
30
-11.8% lowest in 3 filed years
Profit before tax
£9.1m
-16.9% lowest 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 2025-06-30
| Metric | Trend | 2023-06-30 | 2024-06-30 | 2025-06-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £21,980,007 | £28,573,038 | £26,384,212 | -7.7% | |
| Operating profit | £8,509,928 | £11,027,282 | £9,107,546 | -17.4% | |
| Profit before tax | £11,484,454 | £10,953,538 | £9,107,630 | -16.9% | |
| Net profit | £9,747,211 | £8,211,790 | £6,831,973 | -16.8% | |
| Cash | £1,956,103 | £4,280,637 | £2,717,156 | -36.5% | |
| Total assets less current liabilities | £33,120,927 | £41,316,052 | £18,136,466 | -56.1% | |
| Net assets | £33,006,093 | £41,217,883 | £18,049,856 | -56.2% | |
| Equity | £33,006,093 | £41,217,883 | £18,049,856 | -56.2% | |
| Average employees | 32 | 34 | 30 | -11.8% | |
| Wages | £774,176 | £1,209,073 | £1,313,511 | +8.6% | |
| Directors' remuneration | — | £156,425 | £173,778 | +11.1% |
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 | 2023-06-30 | 2024-06-30 | 2025-06-30 |
|---|---|---|---|---|
| Operating margin | 38.7% | 38.6% | 34.5% | |
| Net margin | 44.3% | 28.7% | 25.9% | |
| Return on capital employed | 25.7% | 26.7% | 50.2% | |
| Current ratio | 8.53x | 11.30x | 6.95x |
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
- POLYMER HOLDINGS LIMITED 1998-10-12 → present
- POLYMER APPLICATIONS LIMITED 1988-04-19 → 1998-10-12
- REDHILL DEVELOPMENTS LIMITED 1984-09-06 → 1988-04-19
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors expect the company to remain profitable and are of the opinion that the company has a strong liquidity position which will enable it to execute its operations for at least the next 12 months from the balance sheet signing date. The financial statements have therefore been prepared on a going concern basis.”
Group structure
- POLYMER HOLDINGS LIMITED · parent
- NCCL Limited 100%
- Tube-tec (Tubular Protection) Limited 100%
Significant events
- “During the year, a dividend of £30m was declared to the parent company which was applied in settlement of intergroup balances.”
- “In the prior year there was a VAT group in place in which Polymer Holdings Limited was liable for the amounts due to HMRC from related parties within the Polymer N2 Limited Group of companies. At the end of the prior year, the net liability was £9,877. In the current year, the related parties within the Polymer N2 Limited Group of companies were removed from the VAT group.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| STEPHEN, Derek | Secretary | 1998-02-12 | — | British |
| LISTER, Kate Millicent | Director | 2013-12-01 | Jan 1986 | British |
| SPEIRS, Graeme Kenneth, Dr | Director | — | Apr 1949 | British |
| SPEIRS, Lucinda Jane | Director | 2013-12-01 | May 1971 | British |
| STEPHEN, Derek | Director | 2024-01-31 | Jun 1963 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SPEIRS, Ethel Victoria | Secretary | — | 1998-02-12 |
| SMITH, Gordon | Director | — | 1992-04-24 |
| SPEIRS, Ethel Victoria | Director | — | 1997-11-17 |
| STOPANI, Ernest | Director | — | 1992-04-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Polymer N3 Limited Employee Ownership Trust | Corporate entity | Significant influence | 2019-08-21 | Ceased 2019-08-21 |
| Trident Trust Company Limited | Corporate entity | Voting 75–100% (as trust), Appoints directors (as trust), Significant influence (as trust) | 2019-08-21 | Active |
| Mr Graeme Kenneth Speirs | Individual | Shares 75–100% (as firm), Voting 75–100% (as firm), Appoints directors | 2016-04-06 | Ceased 2019-08-21 |
| Polymer N3 Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 165 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-06 | AA | accounts | Accounts with accounts type full | |
| 2025-10-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-27 | AA | accounts | Accounts with accounts type full | |
| 2025-02-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-11 | AA | accounts | Accounts with accounts type full | |
| 2023-10-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-06 | CH01 | officers | Change person director company with change date | |
| 2023-03-27 | AA | accounts | Accounts with accounts type full | |
| 2022-11-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-01 | AA | accounts | Accounts with accounts type full | |
| 2021-10-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-16 | AA | accounts | Accounts with accounts type full | |
| 2020-10-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-05-28 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2020-05-28 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2020-03-24 | AA | accounts | Accounts with accounts type full | |
| 2019-11-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2019-11-14 | PSC02 | persons-with-significant-control | Notification of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.