pola minerals limited Company Information
Company Number
02762340
Website
http://polaminerals.co.ukRegistered Address
ninth avenue east team valley, gateshead, tyne and wear, NE11 0EJ
Industry
Non-specialised wholesale trade
Telephone
01914914869
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
pola minerals (holdings) ltd 100%
pola minerals limited Estimated Valuation
Pomanda estimates the enterprise value of POLA MINERALS LIMITED at £1.7m based on a Turnover of £5.4m and 0.31x industry multiple (adjusted for size and gross margin).
pola minerals limited Estimated Valuation
Pomanda estimates the enterprise value of POLA MINERALS LIMITED at £3.1m based on an EBITDA of £925.9k and a 3.31x industry multiple (adjusted for size and gross margin).
pola minerals limited Estimated Valuation
Pomanda estimates the enterprise value of POLA MINERALS LIMITED at £4.6m based on Net Assets of £3m and 1.51x industry multiple (adjusted for liquidity).
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Pola Minerals Limited Overview
Pola Minerals Limited is a live company located in tyne and wear, NE11 0EJ with a Companies House number of 02762340. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in November 1992, it's largest shareholder is pola minerals (holdings) ltd with a 100% stake. Pola Minerals Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.4m with low growth in recent years.
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Pola Minerals Limited Health Check
Pomanda's financial health check has awarded Pola Minerals Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
4 Weak
Size
annual sales of £5.4m, make it smaller than the average company (£14.6m)
- Pola Minerals Limited
£14.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (4.2%)
- Pola Minerals Limited
4.2% - Industry AVG
Production
with a gross margin of 28.1%, this company has a comparable cost of product (28.1%)
- Pola Minerals Limited
28.1% - Industry AVG
Profitability
an operating margin of 15.7% make it more profitable than the average company (5.9%)
- Pola Minerals Limited
5.9% - Industry AVG
Employees
with 17 employees, this is below the industry average (40)
17 - Pola Minerals Limited
40 - Industry AVG
Pay Structure
on an average salary of £42.1k, the company has an equivalent pay structure (£42.1k)
- Pola Minerals Limited
£42.1k - Industry AVG
Efficiency
resulting in sales per employee of £319.3k, this is equally as efficient (£356.9k)
- Pola Minerals Limited
£356.9k - Industry AVG
Debtor Days
it gets paid by customers after 47 days, this is near the average (53 days)
- Pola Minerals Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 85 days, this is slower than average (35 days)
- Pola Minerals Limited
35 days - Industry AVG
Stock Days
it holds stock equivalent to 118 days, this is more than average (79 days)
- Pola Minerals Limited
79 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 62 weeks, this is more cash available to meet short term requirements (15 weeks)
62 weeks - Pola Minerals Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 34.8%, this is a lower level of debt than the average (47.9%)
34.8% - Pola Minerals Limited
47.9% - Industry AVG
pola minerals limited Credit Report and Business Information
Pola Minerals Limited Competitor Analysis
Perform a competitor analysis for pola minerals limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
pola minerals limited Ownership
POLA MINERALS LIMITED group structure
Pola Minerals Limited has no subsidiary companies.
Ultimate parent company
2 parents
POLA MINERALS LIMITED
02762340
pola minerals limited directors
Pola Minerals Limited currently has 2 directors. The longest serving directors include Mr David Winters (Nov 1992) and Mrs Pamela Winters (Mar 2023).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr David Winters | 67 years | Nov 1992 | - | Director | |
Mrs Pamela Winters | 42 years | Mar 2023 | - | Director |
POLA MINERALS LIMITED financials
Pola Minerals Limited's latest turnover from December 2022 is estimated at £5.4 million and the company has net assets of £3 million. According to their latest financial statements, Pola Minerals Limited has 17 employees and maintains cash reserves of £1.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | ||||||||||||||
Other Income Or Grants | ||||||||||||||
Cost Of Sales | ||||||||||||||
Gross Profit | ||||||||||||||
Admin Expenses | ||||||||||||||
Operating Profit | ||||||||||||||
Interest Payable | ||||||||||||||
Interest Receivable | ||||||||||||||
Pre-Tax Profit | ||||||||||||||
Tax | ||||||||||||||
Profit After Tax | ||||||||||||||
Dividends Paid | ||||||||||||||
Retained Profit | ||||||||||||||
Employee Costs | ||||||||||||||
Number Of Employees | 17 | 18 | 17 | 16 | 17 | 16 | 16 | 15 | ||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 580,484 | 620,787 | 573,287 | 452,827 | 440,300 | 498,610 | 577,991 | 657,372 | 619,817 | 684,057 | 755,933 | 831,703 | 84,060 | 113,030 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 580,484 | 620,787 | 573,287 | 452,827 | 540,300 | 498,610 | 577,991 | 657,372 | 619,817 | 684,057 | 755,933 | 831,703 | 84,060 | 113,030 |
Stock & work in progress | 1,266,345 | 1,174,824 | 1,446,455 | 1,776,658 | 1,139,348 | 1,289,455 | 1,161,864 | 1,475,871 | 1,675,921 | 1,745,673 | 2,013,323 | 1,641,882 | 1,334,231 | 946,636 |
Trade Debtors | 710,723 | 776,094 | 595,314 | 458,849 | 759,232 | 862,232 | 843,261 | 753,509 | 1,061,635 | 961,374 | 1,170,275 | 1,254,814 | 1,260,084 | 1,078,484 |
Group Debtors | 26,626 | 26,627 | 26,627 | 26,627 | 26,627 | 26,627 | 26,627 | 26,627 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 182,196 | 404,696 | 99,421 | 91,027 | 187,895 | 122,088 | 93,323 | 70,095 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 1,851,532 | 935,721 | 870,173 | 340,512 | 649,324 | 474,042 | 563,511 | 328,972 | 329,095 | 78,642 | 42,934 | 120,179 | 50,907 | 115,152 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 4,037,422 | 3,317,962 | 3,037,990 | 2,693,673 | 2,762,426 | 2,774,444 | 2,688,586 | 2,655,074 | 3,066,651 | 2,785,689 | 3,226,532 | 3,016,875 | 2,645,222 | 2,140,272 |
total assets | 4,617,906 | 3,938,749 | 3,611,277 | 3,146,500 | 3,302,726 | 3,273,054 | 3,266,577 | 3,312,446 | 3,686,468 | 3,469,746 | 3,982,465 | 3,848,578 | 2,729,282 | 2,253,302 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 46,900 | 261,859 | 235,728 | 70,267 | 465,764 | 306,814 | 238,195 | 310,163 |
Bank loan | 0 | 0 | 39,083 | 46,900 | 46,900 | 46,900 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 914,369 | 1,117,872 | 910,889 | 891,279 | 888,910 | 849,137 | 519,559 | 535,941 | 1,185,000 | 1,109,930 | 1,282,353 | 1,407,344 | 1,219,144 | 837,453 |
Group/Directors Accounts | 2,776 | 2,776 | 2,776 | 2,776 | 2,776 | 2,776 | 2,776 | 2,776 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 14,636 | 16,582 | 15,544 | 0 | 0 | 13,615 | 32,676 | 29,953 | 0 | 18,348 | 35,209 | 40,918 | 10,752 | 26,880 |
other current liabilities | 606,492 | 434,558 | 364,991 | 243,510 | 402,835 | 407,902 | 676,290 | 457,461 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 1,538,273 | 1,571,788 | 1,333,283 | 1,184,465 | 1,341,421 | 1,320,330 | 1,278,201 | 1,287,990 | 1,420,728 | 1,198,545 | 1,783,326 | 1,755,076 | 1,468,091 | 1,174,496 |
loans | 0 | 0 | 0 | 39,083 | 85,983 | 132,884 | 179,784 | 0 | 261,859 | 308,758 | 355,658 | 402,558 | 0 | 0 |
hp & lease commitments | 0 | 14,733 | 31,482 | 0 | 0 | 0 | 13,615 | 49,014 | 0 | 0 | 18,348 | 54,699 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 67,996 | 68,828 | 40,051 | 9,729 | 720 | 3,469 | 0 | 18,853 | 0 | 6,656 | 11,550 | 16,077 | 0 | 3,994 |
total long term liabilities | 67,996 | 83,561 | 71,533 | 48,812 | 86,703 | 136,353 | 193,399 | 67,867 | 261,859 | 315,414 | 385,556 | 473,334 | 0 | 3,994 |
total liabilities | 1,606,269 | 1,655,349 | 1,404,816 | 1,233,277 | 1,428,124 | 1,456,683 | 1,471,600 | 1,355,857 | 1,682,587 | 1,513,959 | 2,168,882 | 2,228,410 | 1,468,091 | 1,178,490 |
net assets | 3,011,637 | 2,283,400 | 2,206,461 | 1,913,223 | 1,874,602 | 1,816,371 | 1,794,977 | 1,956,589 | 2,003,881 | 1,955,787 | 1,813,583 | 1,620,168 | 1,261,191 | 1,074,812 |
total shareholders funds | 3,011,637 | 2,283,400 | 2,206,461 | 1,913,223 | 1,874,602 | 1,816,371 | 1,794,977 | 1,956,589 | 2,003,881 | 1,955,787 | 1,813,583 | 1,620,168 | 1,261,191 | 1,074,812 |
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | ||||||||||||||
Depreciation | 75,571 | 71,272 | 51,036 | 44,493 | 58,310 | 79,381 | 79,381 | 70,251 | 64,240 | 71,876 | 80,301 | 41,382 | 38,330 | 39,693 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | ||||||||||||||
Stock | 91,521 | -271,631 | -330,203 | 637,310 | -150,107 | 127,591 | -314,007 | -200,050 | -69,752 | -267,650 | 371,441 | 307,651 | 387,595 | 946,636 |
Debtors | -287,872 | 486,055 | 144,859 | -497,251 | 62,807 | 47,736 | 112,980 | -211,404 | 100,261 | -208,901 | -84,539 | -5,270 | 181,600 | 1,078,484 |
Creditors | -203,503 | 206,983 | 19,610 | 2,369 | 39,773 | 329,578 | -16,382 | -649,059 | 75,070 | -172,423 | -124,991 | 188,200 | 381,691 | 837,453 |
Accruals and Deferred Income | 171,934 | 69,567 | 121,481 | -159,325 | -5,067 | -268,388 | 218,829 | 457,461 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | -832 | 28,777 | 30,322 | 9,009 | -2,749 | 3,469 | -18,853 | 18,853 | -6,656 | -4,894 | -4,527 | 16,077 | -3,994 | 3,994 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | -39,083 | -7,817 | 0 | 0 | 46,900 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,776 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | -39,083 | -46,900 | -46,901 | -46,900 | 179,784 | -261,859 | -46,899 | -46,900 | -46,900 | 402,558 | 0 | 0 |
Hire Purchase and Lease Commitments | -16,679 | -15,711 | 47,026 | 0 | -13,615 | -32,676 | -32,676 | 78,967 | -18,348 | -35,209 | -42,060 | 84,865 | -16,128 | 26,880 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | 915,811 | 65,548 | 529,661 | -308,812 | 175,282 | -89,469 | 234,539 | -123 | 250,453 | 35,708 | -77,245 | 69,272 | -64,245 | 115,152 |
overdraft | 0 | 0 | 0 | 0 | 0 | -46,900 | -214,959 | 26,131 | 165,461 | -395,497 | 158,950 | 68,619 | -71,968 | 310,163 |
change in cash | 915,811 | 65,548 | 529,661 | -308,812 | 175,282 | -42,569 | 449,498 | -26,254 | 84,992 | 431,205 | -236,195 | 653 | 7,723 | -195,011 |
P&L
December 2022turnover
5.4m
-9%
operating profit
850.3k
0%
gross margin
28.1%
+1.44%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
3m
+0.32%
total assets
4.6m
+0.17%
cash
1.9m
+0.98%
net assets
Total assets minus all liabilities
pola minerals limited company details
company number
02762340
Type
Private limited with Share Capital
industry
46900 - Non-specialised wholesale trade
incorporation date
November 1992
age
32
accounts
Small Company
ultimate parent company
previous names
noticestyle limited (November 1992)
incorporated
UK
address
ninth avenue east team valley, gateshead, tyne and wear, NE11 0EJ
last accounts submitted
December 2022
pola minerals 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 4 charges/mortgages relating to pola minerals limited. Currently there are 3 open charges and 1 have been satisfied in the past.
pola minerals limited Companies House Filings - See Documents
date | description | view/download |
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