Polytank Group Limited

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polytank group limited Company Information

Company Number

01016434

Next Accounts

Jun 2025

Directors

John Fidler

Sean McHugh

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Shareholders

polytank holdings ltd

Group Structure

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Industry

Manufacture of other plastic products

Registered Address

unit 2 olympic court, whitehills business park, blackpool, lancashire, FY4 5GU

Website

www.polytank.co.uk

polytank group limited Estimated Valuation

£5.7m

Pomanda estimates the enterprise value of POLYTANK GROUP LIMITED at £5.7m based on Net Assets of £3.4m and 1.67x industry multiple (adjusted for liquidity).

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Polytank Group Limited is a live company located in blackpool, FY4 5GU with a Companies House number of 01016434. It operates in the manufacture of other plastic products sector, SIC Code 22290. Founded in July 1971, it's largest shareholder is polytank holdings ltd with a 100% stake. Polytank Group Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.2m with declining growth in recent years.

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Pomanda's financial health check has awarded Polytank Group Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £3.2m, make it smaller than the average company (£15.8m)

Growth

3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (7.2%)

EXPORT

Polytank Group Limited's latest turnover from September 2023 is estimated at £3.2 million and the company has net assets of £3.4 million. According to their latest financial statements, Polytank Group Limited has 4 employees and maintains cash reserves of £12.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	3,163,968	5,538,063	4,234,250	4,288,579	4,347,484	3,649,694	3,136,153	3,179,055	3,578,406	5,172,357	5,682,674	7,023,560	6,842,233	6,450,618
Other Income Or Grants
Cost Of Sales	2,345,692	4,017,989	3,037,948	3,083,733	3,166,968	2,587,376	2,194,641	2,222,607	2,551,685	3,663,332	4,061,902	5,025,265	4,817,261	4,461,292
Gross Profit	818,276	1,520,073	1,196,302	1,204,847	1,180,516	1,062,318	941,512	956,448	1,026,721	1,509,025	1,620,771	1,998,295	2,024,972	1,989,326
Admin Expenses	694,834	1,227,114	1,631,642	1,136,154	917,533	751,521	742,222	772,537	740,552	1,233,667	1,589,986	2,009,153	1,900,469	1,523,469	-1,475,813
Operating Profit	123,442	292,959	-435,340	68,693	262,983	310,797	199,290	183,911	286,169	275,358	30,785	-10,858	124,503	465,857	1,475,813
Interest Payable	141,813	112,307	89,599	86,982	91,758	108,364	116,638	109,028	81,110	62,100	32,301		13,016	32,600	19,585
Interest Receivable	523	731	49	21	37	97	74	187	270	6	10	9	7	7	2
Pre-Tax Profit	-17,848	181,384	-524,890	-18,268	171,262	202,530	82,726	75,070	205,329	213,265	-1,507	-10,849	111,495	433,264	1,456,231
Tax		-34,463			-32,540	-38,481	-15,718	-15,014	-41,066	-44,786			-28,989	-121,314	-407,745
Profit After Tax	-17,848	146,921	-524,890	-18,268	138,722	164,049	67,008	60,056	164,263	168,479	-1,507	-10,849	82,506	311,950	1,048,486
Dividends Paid
Retained Profit	-17,848	146,921	-524,890	-18,268	138,722	164,049	67,008	60,056	164,263	168,479	-1,507	-10,849	82,506	311,950	1,048,486
Employee Costs	145,507	1,432,402	1,483,863	1,532,963	1,347,776	1,204,887	1,191,233	1,137,793	1,100,860	1,152,592	1,269,415	1,552,881	1,615,982	1,646,408
Number Of Employees	4	41	44	47	42	38	39	39	38	41	46	57	60	62
EBITDA*	304,549	453,846	-305,326	215,295	428,566	454,252	352,825	365,907	461,278	466,754	182,238	-10,858	252,103	613,468	1,641,386

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	5,304,371	5,371,461	5,287,904	3,637,244	3,854,998	3,478,909	3,585,874	3,779,507	3,331,812	3,426,809	3,558,606	3,922,862	3,907,882	3,587,287	3,576,901
Intangible Assets					262	816	3,921	9,812	16,028	22,244	30,944	39,643	48,344	54,411	60,214
Investments & Other	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
Debtors (Due After 1 year)
Total Fixed Assets	5,304,373	5,371,463	5,287,906	3,637,246	3,855,262	3,479,727	3,589,797	3,789,321	3,347,842	3,449,055	3,589,552	3,962,507	3,956,228	3,641,700	3,637,117
Stock & work in progress	407,587	497,361	424,470	352,613	394,017	401,020	350,566	337,325	326,395	316,113	425,313	436,530	369,260	409,279	335,973
Trade Debtors	800,703	1,076,875	764,225	705,295	760,719	595,119	484,175	558,324	695,613	922,569	934,329	1,253,825	1,121,250	1,070,196	926,890
Group Debtors	750	360		711,132	710,832	522,469	319,034	94,083
Misc Debtors	64,004	43,210	74,333	52,188	81,708	143,765	65,668	96,383	111,486		26,892		73,897	32,228	7,218
Cash	12,486	7,443	57,575	41,133	219	9,688	16,123	42,972	106,937	1,064	1,454	2,419	1,046	1,775	983
misc current assets
total current assets	1,285,530	1,625,249	1,320,603	1,862,361	1,947,495	1,672,061	1,235,566	1,129,087	1,240,431	1,239,746	1,387,988	1,692,774	1,565,453	1,513,478	1,271,064
total assets	6,589,903	6,996,712	6,608,509	5,499,607	5,802,757	5,151,788	4,825,363	4,918,408	4,588,273	4,688,801	4,977,540	5,655,281	5,521,681	5,155,178	4,908,181
Bank overdraft	94,763	109,720	112,992	101,228	61,542	61,383	63,528	57,394	46,000
Bank loan
Trade Creditors	598,122	995,049	614,174	494,014	688,136	571,712	459,732	441,644	474,814	1,444,443	1,662,078	2,066,449	2,411,706	2,121,562	1,852,560
Group/Directors Accounts
other short term finances							375,905	354,863	351,143
hp & lease commitments	164,419	148,500	170,470	145,087	145,932	17,762	50,102	97,441	77,650
other current liabilities	346,338	309,188	423,334	500,587	814,736	695,229	199,858	235,691	261,951
total current liabilities	1,203,642	1,562,457	1,320,970	1,240,916	1,710,346	1,346,086	1,149,125	1,187,033	1,211,558	1,444,443	1,662,078	2,066,449	2,411,706	2,121,562	1,852,560
loans	1,119,883	1,196,759	1,303,114	1,420,339	1,268,750	1,327,083	1,382,891	1,497,849	1,181,653	916,889	993,883			400,477	602,609
hp & lease commitments	231,334	309,602	259,504	280,553	224,009	45,602
Accruals and Deferred Income
other liabilities										281,778	424,515	1,279,279	1,028,394	634,064	765,887
provisions	604,014	463,258	391,448	207,447	223,994	194,275	213,617	227,463	246,754	251,646	254,654	238,821
total long term liabilities	1,955,231	1,969,619	1,954,066	1,908,339	1,716,753	1,566,960	1,596,508	1,725,312	1,428,407	1,450,313	1,673,052	1,518,100	1,028,394	1,034,541	1,368,496
total liabilities	3,158,873	3,532,076	3,275,036	3,149,255	3,427,099	2,913,046	2,745,633	2,912,345	2,639,965	2,894,756	3,335,130	3,584,549	3,440,100	3,156,103	3,221,056
net assets	3,431,030	3,464,636	3,333,473	2,350,352	2,375,658	2,238,742	2,079,730	2,006,063	1,948,308	1,794,045	1,642,410	2,070,732	2,081,581	1,999,075	1,687,125
total shareholders funds	3,431,030	3,464,636	3,333,473	2,350,352	2,375,658	2,238,742	2,079,730	2,006,063	1,948,308	1,794,045	1,642,410	2,070,732	2,081,581	1,999,075	1,687,125

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	123,442	292,959	-435,340	68,693	262,983	310,797	199,290	183,911	286,169	275,358	30,785	-10,858	124,503	465,857	1,475,813
Depreciation	181,107	160,887	130,014	146,602	165,029	140,350	147,644	175,780	168,893	182,696	142,753		118,900	138,905	157,157
Amortisation					554	3,105	5,891	6,216	6,216	8,700	8,700		8,700	8,706	8,416
Tax		-34,463			-32,540	-38,481	-15,718	-15,014	-41,066	-44,786			-28,989	-121,314	-407,745
Stock	-89,774	72,891	71,857	-41,404	-7,003	50,454	13,241	10,930	10,282	-109,200	-11,217	67,270	-40,019	73,306	335,973
Debtors	-254,988	281,887	-630,057	-84,644	291,906	392,476	120,087	-58,309	-115,470	-38,652	-292,604	58,678	92,723	168,316	934,108
Creditors	-396,927	380,875	120,160	-194,122	116,424	111,980	18,088	-33,170	-969,629	-217,635	-404,371	-345,257	290,144	269,002	1,852,560
Accruals and Deferred Income	37,150	-114,146	-77,253	-314,149	119,507	495,371	-35,833	-26,260	261,951
Deferred Taxes & Provisions	140,756	71,810	184,001	-16,547	29,719	-19,342	-13,846	-19,291	-4,892	-3,008	15,833	238,821
Cash flow from operations	430,290	403,144	479,782	-183,475	376,773	560,850	172,188	319,551	-187,170	349,177	97,521	-243,242	460,554	519,534	1,816,120
Investing Activities
capital expenditure	-114,017	-244,444	-1,780,674	71,414	-541,118	-33,385	45,989	-623,475	-73,896	-50,899	221,502	-6,279	-442,128	-152,194	-3,802,688
Change in Investments															2
cash flow from investments	-114,017	-244,444	-1,780,674	71,414	-541,118	-33,385	45,989	-623,475	-73,896	-50,899	221,502	-6,279	-442,128	-152,194	-3,802,690
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans						-375,905	21,042	3,720	351,143
Long term loans	-76,876	-106,355	-117,225	151,589	-58,333	-55,808	-114,958	316,196	264,764	-76,994	993,883		-400,477	-202,132	602,609
Hire Purchase and Lease Commitments	-62,349	28,128	4,334	55,699	306,577	13,262	-47,339	19,791	77,650
other long term liabilities									-281,778	-142,737	-854,764	250,885	394,330	-131,823	765,887
share issue	-15,758	-15,758	1,508,011	-7,038	-1,806	-5,037	6,659	-2,301	-10,000	-16,844	-426,815				638,639
interest	-141,290	-111,576	-89,550	-86,961	-91,721	-108,267	-116,564	-108,841	-80,840	-62,094	-32,291	9	-13,009	-32,593	-19,583
cash flow from financing	-296,273	-205,561	1,305,570	113,289	154,717	-531,755	-251,160	228,565	320,939	-298,669	-319,987	250,894	-19,156	-366,548	1,987,552
cash and cash equivalents
cash	5,043	-50,132	16,442	40,914	-9,469	-6,435	-26,849	-63,965	105,873	-390	-965	1,373	-729	792	983
overdraft	-14,957	-3,272	11,764	39,686	159	-2,145	6,134	11,394	46,000
change in cash	20,000	-46,860	4,678	1,228	-9,628	-4,290	-32,983	-75,359	59,873	-390	-965	1,373	-729	792	983

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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POLYTANK GROUP LIMITED group structure

Polytank Group Limited has 1 subsidiary company.

Ultimate parent company

POLYTANK HOLDINGS LIMITED

09244690

1 parent

POLYTANK GROUP LIMITED

01016434

1 subsidiary

POLYTANK LIMITED

03897197

POLYTANK GROUP LIMITED Shareholders

polytank holdings ltd

100%

Polytank Group Limited currently has 5 directors. The longest serving directors include Mr John Fidler (Mar 1991) and Mr Sean McHugh (Apr 2000).

officer	country	age	start	end	role
Mr John Fidler		86 years	Mar 1991	-	Director
Mr Sean McHugh		57 years	Apr 2000	-	Director
Mr John Fidler	England	60 years	May 2024	-	Director
Miss Chloe Fidler	England	27 years	May 2024	-	Director
Miss Amy Fidler	England	36 years	May 2024	-	Director

P&L

September 2023

turnover

3.2m

-43%

operating profit

123.4k

gross margin

25.9%

-5.78%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

September 2023

net assets

3.4m

-0.01%

total assets

6.6m

-0.06%

cash

12.5k

+0.68%

net assets

Total assets minus all liabilities

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company number

01016434

Type

Private limited with Share Capital

industry

22290 - Manufacture of other plastic products

incorporation date

July 1971

ultimate parent company

POLYTANK HOLDINGS LIMITED

previous names

polytank limited (March 2008)

plumbing equipment limited (July 1985)

address

unit 2 olympic court, whitehills business park, blackpool, lancashire, FY4 5GU

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 12 charges/mortgages relating to polytank group limited. Currently there are 3 open charges and 9 have been satisfied in the past.

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polytank group limited Company Information

polytank group limited Estimated Valuation

polytank group limited Estimated Valuation

polytank group limited Estimated Valuation

Polytank Group Limited Overview

Polytank Group Limited Health Check

POLYTANK GROUP LIMITED financials

polytank group limited Credit Report and Business Information

Polytank Group Limited Competitor Analysis

polytank group limited Ownership

polytank group limited directors

polytank group limited company details

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polytank group limited Capital Raised & Share Issues BETA

polytank group limited Companies House Filings - See Documents