Pomanda estimates the enterprise value of POLAR (N.E.) LIMITED at £4.7m based on a Turnover of £11.7m and 0.4x industry multiple (adjusted for size and gross margin).
polar (n.e.) limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of POLAR (N.E.) LIMITED at £0 based on an EBITDA of £-255k and a 4.26x industry multiple (adjusted for size and gross margin).
polar (n.e.) limitedEstimated Valuation
£1.6m
Pomanda estimates the enterprise value of POLAR (N.E.) LIMITED at £1.6m based on Net Assets of £748.6k and 2.14x industry multiple (adjusted for liquidity).
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Polar (n.e.) LimitedOverview
Polar (n.e.) Limited is a live company located in middlesbrough, TS6 6UT with a Companies House number of 01740670. It operates in the glazing sector, SIC Code 43342. Founded in July 1983, it's largest shareholder is
hill baxter holdings limited
with a 67.3% stake. Polar (n.e.) Limited is a mature,
mid sized company, Pomanda has estimated its turnover at
£11.7m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Polar (N.E.) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
6 Strong
1 Regular
5 Weak
Size
annual sales of £11.7m, make it larger than the average company (£423.4k)
£11.7m - Polar (n.e.) Limited
£423.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (1.4%)
5% - Polar (n.e.) Limited
1.4% - Industry AVG
Production
with a gross margin of 29.6%, this company has a comparable cost of product (30.6%)
29.6% - Polar (n.e.) Limited
30.6% - Industry AVG
Profitability
an operating margin of -2.7% make it less profitable than the average company (7.2%)
-2.7% - Polar (n.e.) Limited
7.2% - Industry AVG
Employees
with 81 employees, this is above the industry average (4)
81 - Polar (n.e.) Limited
4 - Industry AVG
Pay Structure
on an average salary of £39.3k, the company has a higher pay structure (£26.5k)
£39.3k - Polar (n.e.) Limited
£26.5k - Industry AVG
Efficiency
resulting in sales per employee of £144.3k, this is more efficient (£121k)
£144.3k - Polar (n.e.) Limited
£121k - Industry AVG
Debtor Days
it gets paid by customers after 105 days, this is later than average (49 days)
105 days - Polar (n.e.) Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 104 days, this is slower than average (41 days)
104 days - Polar (n.e.) Limited
41 days - Industry AVG
Stock Days
it holds stock equivalent to 10 days, this is less than average (23 days)
10 days - Polar (n.e.) Limited
23 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 1 weeks, this is less cash available to meet short term requirements (23 weeks)
1 weeks - Polar (n.e.) Limited
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84.1%, this is a higher level of debt than the average (67.6%)
84.1% - Polar (n.e.) Limited
67.6% - Industry AVG
POLAR (N.E.) LIMITED financials
EXPORT
Polar (N.E.) Limited's latest turnover from October 2022 is £11.7 million and the company has net assets of £748.6 thousand. According to their latest financial statements, Polar (N.E.) Limited has 81 employees and maintains cash reserves of £100.8 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Oct 2022
Oct 2021
Oct 2020
Oct 2019
Oct 2018
Oct 2017
Oct 2016
Oct 2015
Oct 2014
Oct 2013
Oct 2012
Oct 2011
Oct 2010
Oct 2009
Turnover
11,691,369
11,473,134
9,761,120
10,213,488
9,671,918
10,134,929
9,119,783
10,287,915
8,164,992
6,556,545
12,176,204
9,036,816
10,696,384
Other Income Or Grants
Cost Of Sales
8,230,839
7,432,662
6,875,706
7,424,992
7,149,345
6,863,507
6,048,226
7,019,273
5,287,898
4,309,308
8,001,298
5,819,953
6,778,572
Gross Profit
3,460,530
4,040,472
2,885,414
2,788,496
2,522,573
3,271,422
3,071,557
3,268,641
2,877,094
2,247,236
4,174,906
3,216,863
3,917,812
Admin Expenses
3,773,487
3,018,640
2,585,395
3,052,132
2,397,939
3,394,568
3,551,770
3,285,379
2,898,275
1,939,105
3,679,921
3,577,524
4,168,419
-1,037,608
Operating Profit
-312,957
1,021,832
300,019
-263,636
124,634
-123,146
-480,213
-16,738
-21,181
308,131
494,985
-360,661
-250,607
1,037,608
Interest Payable
48,156
50,189
10,714
11,949
13,240
13,110
14,597
7,854
Interest Receivable
1
3
2
4
8
371
1,837
1,478
8
11
1,901
1,895
Pre-Tax Profit
-361,113
971,643
289,305
-275,582
111,396
-136,252
-494,802
-24,221
-19,344
309,609
494,993
-360,650
-248,706
1,039,503
Tax
204,450
-114,047
-54,968
-21,165
-71,210
-118,798
-291,061
Profit After Tax
-156,663
857,596
234,337
-275,582
90,231
-136,252
-494,802
-24,221
-19,344
238,399
376,195
-360,650
-248,706
748,442
Dividends Paid
Retained Profit
-156,663
857,596
234,337
-275,582
90,231
-136,252
-494,802
-24,221
-19,344
238,399
376,195
-360,650
-248,706
748,442
Employee Costs
3,186,921
2,768,774
2,012,024
2,559,396
2,355,274
2,365,276
2,566,816
2,588,589
2,418,145
1,767,746
3,651,646
2,509,272
2,622,371
Number Of Employees
81
77
82
89
82
90
91
86
87
66
138
97
111
EBITDA*
-255,005
1,079,615
355,281
-221,963
152,054
-86,031
-440,975
24,840
13,525
335,649
515,560
-341,188
-233,262
1,058,016
* Earnings Before Interest, Tax, Depreciation and Amortisation
Oct 2022
Oct 2021
Oct 2020
Oct 2019
Oct 2018
Oct 2017
Oct 2016
Oct 2015
Oct 2014
Oct 2013
Oct 2012
Oct 2011
Oct 2010
Oct 2009
Tangible Assets
210,068
226,532
274,684
321,105
197,717
207,555
126,249
156,100
141,953
96,738
46,273
56,617
52,845
55,552
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
38,666
102,716
120,786
108,275
89,157
30,115
130,367
Total Fixed Assets
210,068
226,532
313,350
423,821
197,717
207,555
247,035
264,375
231,110
126,853
176,640
56,617
52,845
55,552
Stock & work in progress
240,389
282,548
200,415
182,772
205,341
180,775
140,706
108,651
36,515
40,551
68,188
15,730
15,673
81,455
Trade Debtors
3,370,662
2,829,275
2,127,579
1,787,432
1,701,415
1,911,528
1,607,066
2,195,271
1,489,236
970,003
1,739,431
1,487,492
1,581,530
798,639
Group Debtors
Misc Debtors
775,479
191,475
346,510
206,945
274,370
203,434
273,753
149,963
Cash
100,844
168,446
611
596
269
300
2,830
3,833
144,758
589,963
1,132
2,071
2,399
757,953
misc current assets
total current assets
4,487,374
3,471,744
2,675,115
2,177,745
2,181,395
2,296,037
2,024,355
2,457,718
1,670,509
1,600,517
1,808,751
1,505,293
1,599,602
1,638,047
total assets
4,697,442
3,698,276
2,988,465
2,601,566
2,379,112
2,503,592
2,271,390
2,722,093
1,901,619
1,727,370
1,985,391
1,561,910
1,652,447
1,693,599
Bank overdraft
9,681
7,093
195,458
155,836
198,214
194,075
225,445
241,664
Bank loan
Trade Creditors
2,366,114
1,199,656
923,701
1,486,213
1,019,172
1,212,059
1,066,730
1,183,139
1,121,878
935,208
1,461,196
1,410,648
1,148,530
944,569
Group/Directors Accounts
other short term finances
328,872
62,384
hp & lease commitments
18,234
29,999
30,864
30,930
17,383
23,120
16,355
27,201
other current liabilities
1,009,156
1,044,233
1,299,738
727,485
508,367
610,501
644,102
510,834
total current liabilities
3,732,057
2,343,365
2,449,761
2,400,464
1,743,136
2,039,755
1,952,632
1,962,838
1,121,878
935,208
1,461,196
1,410,648
1,148,530
944,569
loans
133,889
202,662
hp & lease commitments
5,850
24,084
55,856
86,720
47,802
65,105
5,857
22,752
Accruals and Deferred Income
other liabilities
77,078
144,934
330,213
220,084
394,294
297,083
75,000
21,817
24,894
3,326
11,588
3,593
provisions
42,000
24,000
24,000
22,000
22,000
25,800
23,000
13,000
5,000
total long term liabilities
216,817
413,680
410,069
306,804
466,096
384,188
102,857
48,552
44,817
37,894
8,326
11,588
3,593
total liabilities
3,948,874
2,757,045
2,859,830
2,707,268
2,209,232
2,423,943
2,055,489
2,011,390
1,166,695
973,102
1,469,522
1,422,236
1,152,123
944,569
net assets
748,568
941,231
128,635
-105,702
169,880
79,649
215,901
710,703
734,924
754,268
515,869
139,674
500,324
749,030
total shareholders funds
748,568
941,231
128,635
-105,702
169,880
79,649
215,901
710,703
734,924
754,268
515,869
139,674
500,324
749,030
Oct 2022
Oct 2021
Oct 2020
Oct 2019
Oct 2018
Oct 2017
Oct 2016
Oct 2015
Oct 2014
Oct 2013
Oct 2012
Oct 2011
Oct 2010
Oct 2009
Operating Activities
Operating Profit
-312,957
1,021,832
300,019
-263,636
124,634
-123,146
-480,213
-16,738
-21,181
308,131
494,985
-360,661
-250,607
1,037,608
Depreciation
57,952
57,783
55,262
41,673
27,420
37,115
39,238
41,578
34,706
27,518
20,575
19,473
17,345
20,408
Amortisation
Tax
204,450
-114,047
-54,968
-21,165
-71,210
-118,798
-291,061
Stock
-42,159
82,133
17,643
-22,569
24,566
40,069
32,055
72,136
-4,036
-27,637
52,458
57
-65,782
81,455
Debtors
1,125,391
507,995
415,662
121,308
-139,177
113,357
-451,904
875,116
578,275
-869,680
382,306
-94,038
782,891
798,639
Creditors
1,166,458
275,955
-562,512
467,041
-192,887
145,329
-116,409
61,261
186,670
-525,988
50,548
262,118
203,961
944,569
Accruals and Deferred Income
-35,077
-255,505
572,253
219,118
-102,134
-33,601
133,268
510,834
Deferred Taxes & Provisions
-42,000
18,000
24,000
-24,000
2,000
-3,800
2,800
10,000
8,000
5,000
Cash flow from operations
-44,406
413,890
-99,251
341,457
-47,521
-127,729
-8,067
-347,517
-364,044
643,768
17,546
14,911
-746,410
831,430
Investing Activities
capital expenditure
-8,841
-165,061
-17,582
-118,421
-9,387
-55,725
-79,921
-77,983
-10,231
-23,245
-14,638
-75,960
Change in Investments
cash flow from investments
-8,841
-165,061
-17,582
-118,421
-9,387
-55,725
-79,921
-77,983
-10,231
-23,245
-14,638
-75,960
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
266,488
62,384
Long term loans
-68,773
202,662
Hire Purchase and Lease Commitments
-29,999
-32,637
-30,930
52,465
-23,040
66,013
-27,741
49,953
other long term liabilities
-67,856
-185,279
110,129
-174,210
97,211
222,083
75,000
-21,817
-3,077
21,568
-8,262
7,995
3,593
share issue
-36,000
-45,000
588
interest
-48,156
-50,189
-10,713
-11,946
-13,238
-13,106
-14,589
-7,483
1,837
1,478
8
11
1,901
1,895
cash flow from financing
15,704
-48,059
68,486
-133,691
60,933
274,990
32,670
20,653
-1,240
23,046
-8,254
8,006
5,494
2,483
cash and cash equivalents
cash
-67,602
167,835
15
327
-31
-2,530
-1,003
-140,925
-445,205
588,831
-939
-328
-755,554
757,953
overdraft
2,588
-188,365
39,622
-42,378
4,139
-31,370
-16,219
241,664
change in cash
-70,190
356,200
-39,607
42,705
-4,170
28,840
15,216
-382,589
-445,205
588,831
-939
-328
-755,554
757,953
polar (n.e.) limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for polar (n.e.) limited. Get real-time insights into polar (n.e.) limited's credit score, group structure and payment trends.
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polar (n.e.) limited Ownership
POLAR (N.E.) LIMITED group structure
Polar (N.E.) Limited has no subsidiary companies.
Ultimate parent company
POLAR (N.E.) LIMITED
01740670
POLAR (N.E.) LIMITED Shareholders
The largest shareholders in Polar (N.E.) Limited include Hill Baxter Holdings Limited and James Hill.
hill baxter holdings limited
67.35%
james hill
16.33%
nathan baxter
16.33%
polar (n.e.) limited directors
Polar (N.E.) Limited currently has 2 directors.
The longest serving directors include
Mr James Hill (Nov 2017) and
Mr Nathan Baxter (Oct 2022).
unit 9 stephenson court, skippers lane industrial estate, middlesbrough, cleveland, TS6 6UT
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
polar (n.e.) limited Charges & Mortgages
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 5 charges/mortgages relating to polar (n.e.) limited. Currently there are 2 open charges and 3 have been satisfied in the past.
polar (n.e.) limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for POLAR (N.E.) LIMITED. This can take several minutes, an email will notify you when this has completed.
polar (n.e.) limitedCompanies House Filings - See Documents
