polar refrigeration hire limited
polar refrigeration hire limited Company Information
Company Number
04956476
Website
www.polaronline.co.ukRegistered Address
the riddings riddings lane, draycott in the clay, ashbourne, derbyshire, DE6 5BQ
Industry
Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Telephone
01283821141
Next Accounts Due
December 2025
Group Structure
View All
Directors
Michael Prince20 Years
Shareholders
michael anthony prince 100%
polar refrigeration hire limited Estimated Valuation
Pomanda estimates the enterprise value of POLAR REFRIGERATION HIRE LIMITED at £48.2k based on a Turnover of £87.5k and 0.55x industry multiple (adjusted for size and gross margin).
polar refrigeration hire limited Estimated Valuation
Pomanda estimates the enterprise value of POLAR REFRIGERATION HIRE LIMITED at £16.8k based on an EBITDA of £7.7k and a 2.19x industry multiple (adjusted for size and gross margin).
polar refrigeration hire limited Estimated Valuation
Pomanda estimates the enterprise value of POLAR REFRIGERATION HIRE LIMITED at £44.3k based on Net Assets of £20.7k and 2.14x industry multiple (adjusted for liquidity).
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Polar Refrigeration Hire Limited Overview
Polar Refrigeration Hire Limited is a live company located in ashbourne, DE6 5BQ with a Companies House number of 04956476. It operates in the renting and leasing of other machinery, equipment and tangible goods n.e.c. sector, SIC Code 77390. Founded in November 2003, it's largest shareholder is michael anthony prince with a 100% stake. Polar Refrigeration Hire Limited is a mature, micro sized company, Pomanda has estimated its turnover at £87.5k with unknown growth in recent years.
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Polar Refrigeration Hire Limited Health Check
Pomanda's financial health check has awarded Polar Refrigeration Hire Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
5 Weak
Size
annual sales of £87.5k, make it smaller than the average company (£13.1m)
- Polar Refrigeration Hire Limited
£13.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Polar Refrigeration Hire Limited
- - Industry AVG
Production
with a gross margin of 26.8%, this company has a higher cost of product (45.6%)
- Polar Refrigeration Hire Limited
45.6% - Industry AVG
Profitability
an operating margin of 8.8% make it less profitable than the average company (13.1%)
- Polar Refrigeration Hire Limited
13.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (67)
1 - Polar Refrigeration Hire Limited
67 - Industry AVG
Pay Structure
on an average salary of £44.6k, the company has an equivalent pay structure (£44.6k)
- Polar Refrigeration Hire Limited
£44.6k - Industry AVG
Efficiency
resulting in sales per employee of £87.5k, this is less efficient (£203.4k)
- Polar Refrigeration Hire Limited
£203.4k - Industry AVG
Debtor Days
it gets paid by customers after 63 days, this is near the average (55 days)
- Polar Refrigeration Hire Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 141 days, this is slower than average (51 days)
- Polar Refrigeration Hire Limited
51 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Polar Refrigeration Hire Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Polar Refrigeration Hire Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 54.9%, this is a lower level of debt than the average (62.7%)
54.9% - Polar Refrigeration Hire Limited
62.7% - Industry AVG
POLAR REFRIGERATION HIRE LIMITED financials
Polar Refrigeration Hire Limited's latest turnover from March 2024 is estimated at £87.5 thousand and the company has net assets of £20.7 thousand. According to their latest financial statements, Polar Refrigeration Hire Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 30,559 | 33,772 | 29,792 | 28,799 | 29,487 | 27,157 | 29,933 | 26,091 | 14,714 | 18,574 | 23,909 | 30,809 | 28,535 | 35,600 | 33,772 |
| Intangible Assets | 0 | 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 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 30,559 | 33,772 | 29,792 | 28,799 | 29,487 | 27,157 | 29,933 | 26,091 | 14,714 | 18,574 | 23,909 | 30,809 | 28,535 | 35,600 | 33,772 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 15,277 | 25,661 | 0 | 0 | 1,242 | 0 | 0 | 758 | 4,010 | 275 | 647 | 15,069 | 2,920 | 1,874 | 2,463 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 955 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 24,575 | 20,545 | 25,189 | 19,487 | 15,271 | 11,025 | 16,846 | 7,196 | 10,941 | 6,976 | 9,078 | 12,414 | 14,199 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 15,277 | 25,661 | 24,575 | 21,500 | 26,431 | 19,487 | 15,271 | 11,783 | 20,856 | 7,471 | 11,588 | 22,045 | 11,998 | 14,288 | 16,662 |
| total assets | 45,836 | 59,433 | 54,367 | 50,299 | 55,918 | 46,644 | 45,204 | 37,874 | 35,570 | 26,045 | 35,497 | 52,854 | 40,533 | 49,888 | 50,434 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 24,891 | 43,266 | 1,304 | 0 | 159 | 192 | 142 | 136 | 138 | 36,972 | 43,236 | 46,396 | 39,611 | 41,710 | 38,635 |
| Group/Directors Accounts | 0 | 0 | 47,805 | 47,531 | 43,143 | 43,368 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 2,050 | 2,226 | 3,583 | 1,901 | 44,947 | 36,280 | 32,169 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 24,891 | 43,266 | 51,159 | 49,757 | 46,885 | 45,461 | 45,089 | 36,416 | 32,307 | 36,972 | 43,236 | 46,396 | 39,611 | 41,710 | 38,635 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 264 | 1,237 | 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 | 933 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 264 | 1,237 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 933 | 0 |
| total liabilities | 25,155 | 44,503 | 51,159 | 49,757 | 46,885 | 45,461 | 45,089 | 36,416 | 32,307 | 36,972 | 43,236 | 46,396 | 39,611 | 42,643 | 38,635 |
| net assets | 20,681 | 14,930 | 3,208 | 542 | 9,033 | 1,183 | 115 | 1,458 | 3,263 | -10,927 | -7,739 | 6,458 | 922 | 7,245 | 11,799 |
| total shareholders funds | 20,681 | 14,930 | 3,208 | 542 | 9,033 | 1,183 | 115 | 1,458 | 3,263 | -10,927 | -7,739 | 6,458 | 922 | 7,245 | 11,799 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 3,020 | 2,431 | 2,926 | 3,420 | 2,776 | 2,594 | 3,271 | 4,127 | 5,335 | 6,900 | 8,932 | 7,746 | 9,772 | 8,641 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | |||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -10,384 | 25,661 | -955 | -287 | 1,242 | 0 | -758 | -3,252 | 3,735 | -372 | -14,422 | 12,149 | 1,046 | -589 | 2,463 |
| Creditors | -18,375 | 41,962 | 1,304 | -159 | -33 | 50 | 6 | -2 | -36,834 | -6,264 | -3,160 | 6,785 | -2,099 | 3,075 | 38,635 |
| Accruals and Deferred Income | -973 | -813 | -176 | -1,357 | 1,682 | -43,046 | 8,667 | 4,111 | 32,169 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -47,805 | 274 | 4,388 | -225 | 43,368 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -933 | 933 | 0 |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 0 | -24,575 | 4,030 | -4,644 | 5,702 | 4,216 | 4,246 | -5,821 | 9,650 | -3,745 | 3,965 | -2,102 | -3,336 | -1,785 | 14,199 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | -24,575 | 4,030 | -4,644 | 5,702 | 4,216 | 4,246 | -5,821 | 9,650 | -3,745 | 3,965 | -2,102 | -3,336 | -1,785 | 14,199 |
polar refrigeration hire limited Credit Report and Business Information
Polar Refrigeration Hire Limited Competitor Analysis
Perform a competitor analysis for polar refrigeration hire limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in DE6 area or any other competitors across 12 key performance metrics.
polar refrigeration hire limited Ownership
POLAR REFRIGERATION HIRE LIMITED group structure
Polar Refrigeration Hire Limited has no subsidiary companies.
Ultimate parent company
POLAR REFRIGERATION HIRE LIMITED
04956476
polar refrigeration hire limited directors
Polar Refrigeration Hire Limited currently has 1 director, Mr Michael Prince serving since Nov 2003.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Prince | United Kingdom | 53 years | Nov 2003 | - | Director |
P&L
March 2024turnover
87.5k
-18%
operating profit
7.7k
0%
gross margin
26.8%
-7.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
20.7k
+0.39%
total assets
45.8k
-0.23%
cash
0
0%
net assets
Total assets minus all liabilities
polar refrigeration hire limited company details
company number
04956476
Type
Private limited with Share Capital
industry
77390 - Renting and leasing of other machinery, equipment and tangible goods n.e.c.
incorporation date
November 2003
age
21
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
the riddings riddings lane, draycott in the clay, ashbourne, derbyshire, DE6 5BQ
Bank
-
Legal Advisor
-
polar refrigeration hire 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 did not find charges/mortgages relating to polar refrigeration hire limited.
polar refrigeration hire limited Companies House Filings - See Documents
| date | description | view/download |
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