polarbit limited
polarbit limited Company Information
Company Number
10789578
Next Accounts
Dec 2024
Industry
Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
Directors
Shareholders
simon coleman
dawn coleman
Group Structure
View All
Contact
Registered Address
chestnut field house, chestnut field, rugby, CV21 2PD
Website
-polarbit limited Estimated Valuation
Pomanda estimates the enterprise value of POLARBIT LIMITED at £18.7k based on a Turnover of £49.3k and 0.38x industry multiple (adjusted for size and gross margin).
polarbit limited Estimated Valuation
Pomanda estimates the enterprise value of POLARBIT LIMITED at £0 based on an EBITDA of £-4.3k and a 3.23x industry multiple (adjusted for size and gross margin).
polarbit limited Estimated Valuation
Pomanda estimates the enterprise value of POLARBIT LIMITED at £0 based on Net Assets of £-2.1k and 2.32x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Polarbit Limited Overview
Polarbit Limited is a dissolved company that was located in rugby, CV21 2PD with a Companies House number of 10789578. It operated in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in May 2017, it's largest shareholder was simon coleman with a 80% stake. The last turnover for Polarbit Limited was estimated at £49.3k.
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Polarbit Limited Health Check
Pomanda's financial health check has awarded Polarbit Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
6 Weak
Size
annual sales of £49.3k, make it smaller than the average company (£941.8k)
- Polarbit Limited
£941.8k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Polarbit Limited
- - Industry AVG
Production
with a gross margin of 25.8%, this company has a higher cost of product (46.9%)
- Polarbit Limited
46.9% - Industry AVG
Profitability
an operating margin of -8.7% make it less profitable than the average company (7.2%)
- Polarbit Limited
7.2% - Industry AVG
Employees
with 2 employees, this is below the industry average (17)
2 - Polarbit Limited
17 - Industry AVG
Pay Structure
on an average salary of £44.5k, the company has an equivalent pay structure (£44.5k)
- Polarbit Limited
£44.5k - Industry AVG
Efficiency
resulting in sales per employee of £24.7k, this is less efficient (£114.1k)
- Polarbit Limited
£114.1k - Industry AVG
Debtor Days
it gets paid by customers after 13 days, this is earlier than average (55 days)
- Polarbit Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 78 days, this is slower than average (36 days)
- Polarbit Limited
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Polarbit Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Polarbit Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 136.1%, this is a higher level of debt than the average (53.4%)
136.1% - Polarbit Limited
53.4% - Industry AVG
POLARBIT LIMITED financials
Polarbit Limited's latest turnover from May 2019 is estimated at £49.3 thousand and the company has net assets of -£2.1 thousand. According to their latest financial statements, Polarbit Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2019 | May 2018 | |
|---|---|---|
| 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 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2019 | May 2018 | |
|---|---|---|
| Tangible Assets | 3,896 | 5,250 |
| Intangible Assets | 0 | 0 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 3,896 | 5,250 |
| Stock & work in progress | 0 | 0 |
| Trade Debtors | 1,866 | 12,738 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 0 | 0 |
| Cash | 0 | 0 |
| misc current assets | 0 | 0 |
| total current assets | 1,866 | 12,738 |
| total assets | 5,762 | 17,988 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 7,844 | 15,802 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 0 | 0 |
| total current liabilities | 7,844 | 15,802 |
| loans | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 0 | 0 |
| total long term liabilities | 0 | 0 |
| total liabilities | 7,844 | 15,802 |
| net assets | -2,082 | 2,186 |
| total shareholders funds | -2,082 | 2,186 |
| May 2019 | May 2018 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | ||
| Amortisation | ||
| Tax | ||
| Stock | 0 | 0 |
| Debtors | -10,872 | 12,738 |
| Creditors | -7,958 | 15,802 |
| Accruals and Deferred Income | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | ||
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 0 | 0 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 0 | 0 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | ||
| cash flow from financing | ||
| cash and cash equivalents | ||
| cash | 0 | 0 |
| overdraft | 0 | 0 |
| change in cash | 0 | 0 |
polarbit limited Credit Report and Business Information
Polarbit Limited Competitor Analysis
Perform a competitor analysis for polarbit limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other undefined companies, companies in CV21 area or any other competitors across 12 key performance metrics.
polarbit limited Ownership
POLARBIT LIMITED group structure
Polarbit Limited has no subsidiary companies.
Ultimate parent company
POLARBIT LIMITED
10789578
polarbit limited directors
Polarbit Limited currently has 1 director, Mr Simon Coleman serving since May 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Coleman | 69 years | May 2017 | - | Director |
P&L
May 2019turnover
49.3k
-31%
operating profit
-4.3k
0%
gross margin
25.9%
-0.12%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2019net assets
-2.1k
-1.95%
total assets
5.8k
-0.68%
cash
0
0%
net assets
Total assets minus all liabilities
polarbit limited company details
company number
10789578
Type
Private limited with Share Capital
industry
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
incorporation date
May 2017
age
7
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
May 2019
previous names
N/A
accountant
-
auditor
-
address
chestnut field house, chestnut field, rugby, CV21 2PD
Bank
-
Legal Advisor
-
polarbit 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 polarbit limited.
polarbit limited Companies House Filings - See Documents
| date | description | view/download |
|---|
