polar technology management group limited
polar technology management group limited Company Information
Company Number
07861070
Next Accounts
Sep 2025
Shareholders
polar technology holdings limited
Group Structure
View All
Industry
Engineering design activities for industrial process and production
Registered Address
penrose house 67 hightown road, banbury, oxfordshire, OX16 9BE
Website
www.polartechnology.co.ukpolar technology management group limited Estimated Valuation
Pomanda estimates the enterprise value of POLAR TECHNOLOGY MANAGEMENT GROUP LIMITED at £21.9m based on a Turnover of £28m and 0.78x industry multiple (adjusted for size and gross margin).
polar technology management group limited Estimated Valuation
Pomanda estimates the enterprise value of POLAR TECHNOLOGY MANAGEMENT GROUP LIMITED at £27.5m based on an EBITDA of £4.1m and a 6.78x industry multiple (adjusted for size and gross margin).
polar technology management group limited Estimated Valuation
Pomanda estimates the enterprise value of POLAR TECHNOLOGY MANAGEMENT GROUP LIMITED at £0 based on Net Assets of £-6.3m and 2.63x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Polar Technology Management Group Limited Overview
Polar Technology Management Group Limited is a live company located in oxfordshire, OX16 9BE with a Companies House number of 07861070. It operates in the engineering design activities for industrial process and production sector, SIC Code 71121. Founded in November 2011, it's largest shareholder is polar technology holdings limited with a 100% stake. Polar Technology Management Group Limited is a established, large sized company, Pomanda has estimated its turnover at £28m with high growth in recent years.
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Polar Technology Management Group Limited Health Check
Pomanda's financial health check has awarded Polar Technology Management Group Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
3 Weak
Size
annual sales of £28m, make it larger than the average company (£2.2m)
£28m - Polar Technology Management Group Limited
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (8%)
24% - Polar Technology Management Group Limited
8% - Industry AVG
Production
with a gross margin of 34.6%, this company has a comparable cost of product (31.5%)
34.6% - Polar Technology Management Group Limited
31.5% - Industry AVG
Profitability
an operating margin of 5.3% make it as profitable than the average company (5.9%)
5.3% - Polar Technology Management Group Limited
5.9% - Industry AVG
Employees
with 233 employees, this is above the industry average (31)
233 - Polar Technology Management Group Limited
31 - Industry AVG
Pay Structure
on an average salary of £42.9k, the company has a lower pay structure (£57.4k)
£42.9k - Polar Technology Management Group Limited
£57.4k - Industry AVG
Efficiency
resulting in sales per employee of £120.1k, this is equally as efficient (£113.3k)
£120.1k - Polar Technology Management Group Limited
£113.3k - Industry AVG
Debtor Days
it gets paid by customers after 55 days, this is earlier than average (73 days)
55 days - Polar Technology Management Group Limited
73 days - Industry AVG
Creditor Days
its suppliers are paid after 65 days, this is slower than average (39 days)
65 days - Polar Technology Management Group Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 118 days, this is more than average (30 days)
118 days - Polar Technology Management Group Limited
30 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (18 weeks)
2 weeks - Polar Technology Management Group Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 126.7%, this is a higher level of debt than the average (50.6%)
126.7% - Polar Technology Management Group Limited
50.6% - Industry AVG
POLAR TECHNOLOGY MANAGEMENT GROUP LIMITED financials
Polar Technology Management Group Limited's latest turnover from December 2023 is £28 million and the company has net assets of -£6.3 million. According to their latest financial statements, Polar Technology Management Group Limited has 233 employees and maintains cash reserves of £419.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 27,991,885 | 23,332,817 | 16,231,066 | 14,662,291 | 21,958,237 | 18,036,548 | 15,208,888 | 10,671,891 | 8,316,959 | 4,669,719 | ||
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | 18,305,911 | 14,443,336 | 13,300,155 | 10,212,496 | 12,946,483 | 10,887,074 | 9,271,246 | 6,795,556 | 5,428,179 | |||
| Gross Profit | 9,685,974 | 8,889,481 | 2,930,911 | 4,449,795 | 9,011,754 | 7,149,474 | 5,937,642 | 3,876,335 | 2,888,780 | |||
| Admin Expenses | 8,202,989 | 7,957,834 | 9,667,705 | 7,640,799 | 7,103,493 | 6,006,278 | 4,759,117 | 2,565,909 | 2,882,955 | |||
| Operating Profit | 1,482,985 | 931,647 | -6,736,794 | -3,191,004 | 1,908,261 | 1,143,196 | 1,178,525 | 1,310,426 | 5,825 | -622,957 | ||
| Interest Payable | 1,131,161 | 1,058,748 | 825,581 | 1,089,331 | 787,530 | 739,971 | 634,176 | 612,321 | 549,925 | 327,975 | ||
| Interest Receivable | 284 | 141 | 56 | 49,553 | 559 | 46 | 147 | 230 | 167 | 525 | ||
| Pre-Tax Profit | 352,108 | -126,960 | -8,153,961 | -4,230,782 | 1,121,290 | 403,271 | 544,496 | 698,335 | -543,933 | -950,407 | ||
| Tax | 110,205 | 150,260 | 959,029 | 1,052,851 | 724,730 | 450,601 | 400,252 | 279,786 | 220,766 | 288,856 | ||
| Profit After Tax | 462,313 | 23,300 | -7,194,932 | -3,177,931 | 1,846,020 | 853,872 | 944,748 | 978,121 | -323,167 | -661,551 | ||
| Dividends Paid | 200 | |||||||||||
| Retained Profit | 462,313 | 23,300 | -7,195,132 | -3,177,931 | 1,846,020 | 853,872 | 944,748 | 978,121 | -323,167 | -661,551 | ||
| Employee Costs | 9,996,286 | 8,255,330 | 7,917,149 | 7,305,679 | 7,947,488 | 7,121,284 | 6,684,414 | 4,673,507 | 3,909,186 | 2,339,780 | ||
| Number Of Employees | 233 | 219 | 229 | 211 | 224 | 214 | 190 | 135 | 99 | 60 | ||
| EBITDA* | 4,062,341 | 3,341,543 | -2,874,301 | 93,503 | 4,084,219 | 3,012,252 | 2,779,895 | 2,585,971 | 996,926 | 91,985 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 7,913,673 | 7,149,129 | 8,366,263 | 21,824,467 | 22,138,460 | 16,305,237 | 11,262,943 | 9,568,808 | 7,795,949 | 6,396,406 | 2,288,756 | |
| Intangible Assets | 3,488,730 | 3,232,779 | 3,021,014 | 4,353,586 | 4,163,718 | 2,915,232 | 2,248,645 | 1,727,375 | 1,634,292 | 1,954,232 | ||
| Investments & Other | 200 | 100 | ||||||||||
| Debtors (Due After 1 year) | 3,593,984 | 3,681,860 | ||||||||||
| Total Fixed Assets | 11,402,403 | 10,381,908 | 11,387,277 | 26,178,053 | 26,302,178 | 19,220,469 | 13,511,588 | 11,296,183 | 9,430,241 | 8,350,638 | 5,882,940 | 3,681,960 |
| Stock & work in progress | 5,942,254 | 4,862,042 | 3,831,667 | 2,878,289 | 2,166,256 | 2,063,015 | 1,697,664 | 724,266 | 600,029 | 343,135 | ||
| Trade Debtors | 4,257,069 | 4,521,265 | 4,072,714 | 2,520,296 | 4,586,414 | 2,533,238 | 2,403,280 | 1,251,106 | 1,143,426 | 401,459 | 66,314 | 23,434 |
| Group Debtors | 30,000 | |||||||||||
| Misc Debtors | 1,628,797 | 1,392,688 | 4,432,321 | 3,911,870 | 2,252,610 | 2,355,901 | 1,790,706 | 966,854 | 947,397 | 644,893 | ||
| Cash | 419,480 | 914,257 | 200,724 | 1,082,152 | 773,756 | 236,464 | 705,982 | 1,046,632 | 700,987 | 587,143 | 236,242 | 20,797 |
| misc current assets | 8,873 | |||||||||||
| total current assets | 12,247,600 | 11,690,252 | 12,567,426 | 10,392,607 | 9,779,036 | 7,188,618 | 6,597,632 | 3,988,858 | 3,400,712 | 1,976,630 | 302,556 | 44,231 |
| total assets | 23,650,003 | 22,072,160 | 23,954,703 | 36,570,660 | 36,081,214 | 26,409,087 | 20,109,220 | 15,285,041 | 12,830,953 | 10,327,268 | 6,185,496 | 3,726,191 |
| Bank overdraft | 63,437 | 21,489 | 171,629 | 545,381 | 727,194 | 154,745 | ||||||
| Bank loan | 1,311,870 | 476,217 | 223,583 | 470,440 | 138,000 | 299,339 | ||||||
| Trade Creditors | 3,272,072 | 2,312,337 | 3,304,322 | 1,662,154 | 2,995,998 | 3,071,438 | 2,228,848 | 1,134,681 | 1,079,754 | 460,522 | 146,148 | 23,667 |
| Group/Directors Accounts | 630,000 | 659,545 | 2,132 | |||||||||
| other short term finances | 100,000 | |||||||||||
| hp & lease commitments | 178,409 | 114,324 | 796,096 | 922,865 | 1,075,710 | 939,509 | 944,367 | 715,330 | 539,024 | 387,524 | ||
| other current liabilities | 5,363,213 | 5,208,442 | 6,571,147 | 12,406,699 | 7,085,024 | 6,492,725 | 4,660,694 | 1,935,254 | 1,537,707 | 773,934 | ||
| total current liabilities | 10,125,564 | 8,741,320 | 11,654,693 | 15,462,158 | 11,358,169 | 10,824,500 | 8,005,538 | 4,330,646 | 3,883,679 | 1,776,725 | 146,148 | 25,799 |
| loans | 14,168,551 | 14,693,489 | 12,908,273 | 17,991,228 | 18,144,122 | 11,248,471 | 8,265,465 | 8,449,336 | 7,795,835 | 7,410,146 | ||
| hp & lease commitments | 327,807 | 248,331 | 1,315,176 | 1,513,475 | 1,724,466 | 1,349,568 | 1,728,650 | 1,559,330 | 1,460,937 | 1,424,784 | ||
| Accruals and Deferred Income | 5,271,363 | 4,772,927 | 3,893,433 | 270,754 | 433,738 | 399,624 | 458,870 | 490,032 | ||||
| other liabilities | 241,726 | 6,060,000 | 3,710,000 | |||||||||
| provisions | 69,856 | 391,544 | 981,879 | 495,769 | 405,512 | 417,737 | 335,382 | 85,130 | 56,330 | |||
| total long term liabilities | 19,837,577 | 20,106,291 | 19,098,761 | 20,271,226 | 20,707,838 | 13,415,400 | 10,788,367 | 10,583,828 | 9,554,828 | 8,834,930 | 6,060,000 | 3,710,000 |
| total liabilities | 29,963,141 | 28,847,611 | 30,753,454 | 35,733,384 | 32,066,007 | 24,239,900 | 18,793,905 | 14,914,474 | 13,438,507 | 10,611,655 | 6,206,148 | 3,735,799 |
| net assets | -6,313,495 | -6,775,808 | -6,799,108 | 836,919 | 4,014,850 | 2,168,830 | 1,314,958 | 370,210 | -607,911 | -284,744 | -20,652 | -9,608 |
| total shareholders funds | -6,313,495 | -6,775,808 | -6,799,108 | 836,919 | 4,014,850 | 2,168,830 | 1,314,958 | 370,210 | -607,911 | -284,744 | -20,652 | -9,608 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | 1,482,985 | 931,647 | -6,736,794 | -3,191,004 | 1,908,261 | 1,143,196 | 1,178,525 | 1,310,426 | 5,825 | -622,957 | ||
| Depreciation | 1,790,619 | 1,617,983 | 1,460,718 | 1,819,457 | 1,501,807 | 1,339,474 | 1,197,315 | 950,432 | 665,988 | 389,829 | 15,361 | |
| Amortisation | 788,737 | 791,913 | 2,401,775 | 1,465,050 | 674,151 | 529,582 | 404,055 | 325,113 | 325,113 | 325,113 | ||
| Tax | 110,205 | 150,260 | 959,029 | 1,052,851 | 724,730 | 450,601 | 400,252 | 279,786 | 220,766 | 288,856 | ||
| Stock | 1,080,212 | 1,030,375 | 953,378 | 712,033 | 103,241 | 365,351 | 973,398 | 124,237 | 256,894 | 343,135 | ||
| Debtors | -28,087 | -2,621,082 | 2,102,869 | -406,858 | 1,949,885 | 695,153 | 1,976,026 | 127,137 | 1,044,471 | -2,613,946 | -44,996 | 3,705,294 |
| Creditors | 959,735 | -991,985 | 1,642,168 | -1,333,844 | -75,440 | 842,590 | 1,094,167 | 54,927 | 619,232 | 314,374 | 122,481 | 23,667 |
| Accruals and Deferred Income | 653,207 | -483,211 | -2,212,873 | 5,158,691 | 626,413 | 1,772,785 | 2,694,278 | 887,579 | 763,773 | 773,934 | ||
| Deferred Taxes & Provisions | -321,688 | -590,335 | 486,110 | 90,257 | -12,225 | 82,355 | 250,252 | 28,800 | 56,330 | |||
| Cash flow from operations | 4,411,675 | 3,016,979 | -5,056,114 | 4,756,283 | 3,294,571 | 5,100,079 | 4,269,420 | 3,585,689 | 1,355,662 | 3,739,960 | ||
| Investing Activities | ||||||||||||
| capital expenditure | -6,977,683 | -3,821,100 | -2,084,247 | -3,042,948 | ||||||||
| Change in Investments | -200 | 100 | 100 | |||||||||
| cash flow from investments | -6,977,683 | -3,821,100 | -2,084,247 | -3,042,748 | ||||||||
| Financing Activities | ||||||||||||
| Bank loans | 835,653 | 252,634 | -246,857 | 332,440 | -161,339 | 299,339 | ||||||
| Group/Directors Accounts | -630,000 | -29,545 | 659,545 | -2,132 | 2,132 | |||||||
| Other Short Term Loans | -100,000 | 100,000 | ||||||||||
| Long term loans | -524,938 | 1,785,216 | -5,082,955 | -152,894 | 6,895,651 | 2,983,006 | -183,871 | 653,501 | 385,689 | 7,410,146 | ||
| Hire Purchase and Lease Commitments | 143,561 | -1,748,617 | -325,068 | -363,836 | 511,099 | -383,940 | 398,357 | 274,699 | 187,653 | 1,812,308 | ||
| other long term liabilities | -241,726 | 241,726 | -6,060,000 | 2,350,000 | 3,710,000 | |||||||
| share issue | ||||||||||||
| interest | -1,130,877 | -1,058,607 | -825,525 | -1,039,778 | -786,971 | -739,925 | -634,029 | -612,091 | -549,758 | -327,450 | ||
| cash flow from financing | -1,306,601 | -898,919 | -6,161,755 | -1,224,068 | 6,458,440 | 2,158,480 | -419,543 | 74,383 | 265,310 | 3,232,463 | ||
| cash and cash equivalents | ||||||||||||
| cash | -494,777 | 713,533 | -881,428 | 308,396 | 537,292 | -469,518 | -340,650 | 345,645 | 113,844 | 350,901 | 215,445 | 20,797 |
| overdraft | -63,437 | 41,948 | -150,140 | -373,752 | -181,813 | 572,449 | 154,745 | |||||
| change in cash | -494,777 | 713,533 | -881,428 | 371,833 | 495,344 | -319,378 | 33,102 | 527,458 | -458,605 | 196,156 | 215,445 | 20,797 |
polar technology management group limited Credit Report and Business Information
Polar Technology Management Group Limited Competitor Analysis
Perform a competitor analysis for polar technology management group limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in OX16 area or any other competitors across 12 key performance metrics.
polar technology management group limited Ownership
POLAR TECHNOLOGY MANAGEMENT GROUP LIMITED group structure
Polar Technology Management Group Limited has 4 subsidiary companies.
Ultimate parent company
1 parent
POLAR TECHNOLOGY MANAGEMENT GROUP LIMITED
07861070
4 subsidiaries
polar technology management group limited directors
Polar Technology Management Group Limited currently has 2 directors. The longest serving directors include Mr Scott Roberts (Nov 2011) and Mr Michael Dewhirst (Nov 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Scott Roberts | United Kingdom | 59 years | Nov 2011 | - | Director |
| Mr Michael Dewhirst | Great Britain | 52 years | Nov 2011 | - | Director |
P&L
December 2023turnover
28m
+20%
operating profit
1.5m
+59%
gross margin
34.7%
-9.18%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-6.3m
-0.07%
total assets
23.7m
+0.07%
cash
419.5k
-0.54%
net assets
Total assets minus all liabilities
polar technology management group limited company details
company number
07861070
Type
Private limited with Share Capital
industry
71121 - Engineering design activities for industrial process and production
incorporation date
November 2011
age
14
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
polar venture management limited (August 2014)
accountant
-
auditor
WHITLEY STIMPSON LIMITED
address
penrose house 67 hightown road, banbury, oxfordshire, OX16 9BE
Bank
-
Legal Advisor
-
polar technology management group 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 11 charges/mortgages relating to polar technology management group limited. Currently there are 4 open charges and 7 have been satisfied in the past.
polar technology management group 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 TECHNOLOGY MANAGEMENT GROUP LIMITED. This can take several minutes, an email will notify you when this has completed.
polar technology management group limited Companies House Filings - See Documents
| date | description | view/download |
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