polar technology holdings limited
polar technology holdings limited Company Information
Company Number
12411131
Next Accounts
Sep 2025
Shareholders
bgf nominees limited (a/c bgf investments lp)
trustee of scott silas john roberts
View AllGroup Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
penrose house 67 hightown road, banbury, oxfordshire, OX16 9BE
Website
-polar technology holdings limited Estimated Valuation
Pomanda estimates the enterprise value of POLAR TECHNOLOGY HOLDINGS LIMITED at £50.4m based on a Turnover of £28m and 1.8x industry multiple (adjusted for size and gross margin).
polar technology holdings limited Estimated Valuation
Pomanda estimates the enterprise value of POLAR TECHNOLOGY HOLDINGS LIMITED at £30.6m based on an EBITDA of £4.1m and a 7.53x industry multiple (adjusted for size and gross margin).
polar technology holdings limited Estimated Valuation
Pomanda estimates the enterprise value of POLAR TECHNOLOGY HOLDINGS LIMITED at £4.4m based on Net Assets of £3.4m and 1.31x industry multiple (adjusted for liquidity).
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Polar Technology Holdings Limited Overview
Polar Technology Holdings Limited is a live company located in oxfordshire, OX16 9BE with a Companies House number of 12411131. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in January 2020, it's largest shareholder is bgf nominees limited (a/c bgf investments lp) with a 23.2% stake. Polar Technology Holdings Limited is a young, large sized company, Pomanda has estimated its turnover at £28m with unknown growth in recent years.
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Polar Technology Holdings Limited Health Check
Pomanda's financial health check has awarded Polar Technology Holdings Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
6 Weak
Size
annual sales of £28m, make it larger than the average company (£18.9m)
£28m - Polar Technology Holdings Limited
£18.9m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Polar Technology Holdings Limited
- - Industry AVG
Production
with a gross margin of 34.6%, this company has a comparable cost of product (36.3%)
34.6% - Polar Technology Holdings Limited
36.3% - Industry AVG
Profitability
an operating margin of 0.8% make it less profitable than the average company (4.5%)
0.8% - Polar Technology Holdings Limited
4.5% - Industry AVG
Employees
with 235 employees, this is above the industry average (104)
235 - Polar Technology Holdings Limited
104 - Industry AVG
Pay Structure
on an average salary of £42.5k, the company has an equivalent pay structure (£44.7k)
£42.5k - Polar Technology Holdings Limited
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £119.1k, this is less efficient (£191k)
£119.1k - Polar Technology Holdings Limited
£191k - Industry AVG
Debtor Days
it gets paid by customers after 55 days, this is later than average (45 days)
55 days - Polar Technology Holdings Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 65 days, this is slower than average (44 days)
65 days - Polar Technology Holdings Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 118 days, this is more than average (40 days)
118 days - Polar Technology Holdings Limited
40 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (14 weeks)
1 weeks - Polar Technology Holdings Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 89.8%, this is a higher level of debt than the average (69.7%)
89.8% - Polar Technology Holdings Limited
69.7% - Industry AVG
POLAR TECHNOLOGY HOLDINGS LIMITED financials
Polar Technology Holdings Limited's latest turnover from December 2023 is £28 million and the company has net assets of £3.4 million. According to their latest financial statements, Polar Technology Holdings Limited has 235 employees and maintains cash reserves of £422 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Turnover | 27,991,885 | 23,332,816 | 16,231,066 | |
| Other Income Or Grants | ||||
| Cost Of Sales | 18,305,911 | 14,443,336 | 13,300,155 | |
| Gross Profit | 9,685,974 | 8,889,480 | 2,930,911 | |
| Admin Expenses | 9,476,912 | 9,237,464 | 11,080,352 | |
| Operating Profit | 209,062 | -347,984 | -8,149,441 | |
| Interest Payable | 2,023,866 | 1,818,192 | 1,335,916 | |
| Interest Receivable | 284 | 141 | 56 | |
| Pre-Tax Profit | -1,814,520 | -2,166,035 | -10,517,836 | |
| Tax | 110,205 | 150,260 | 959,029 | |
| Profit After Tax | -1,704,315 | -2,015,775 | -9,558,807 | |
| Dividends Paid | ||||
| Retained Profit | -1,704,315 | -2,015,775 | -9,558,807 | |
| Employee Costs | 9,996,286 | 8,255,330 | 7,917,149 | |
| Number Of Employees | 235 | 220 | 229 | |
| EBITDA* | 4,067,616 | 3,341,110 | -3,220,950 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Tangible Assets | 7,913,673 | 7,149,129 | 8,366,263 | |
| Intangible Assets | 12,656,317 | 13,679,564 | 14,746,997 | |
| Investments & Other | ||||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 20,569,990 | 20,828,693 | 23,113,260 | |
| Stock & work in progress | 5,942,254 | 4,862,042 | 3,831,667 | |
| Trade Debtors | 4,257,069 | 4,521,264 | 4,072,714 | |
| Group Debtors | ||||
| Misc Debtors | 1,628,399 | 1,393,148 | 3,091,509 | |
| Cash | 422,023 | 918,370 | 200,724 | 100 |
| misc current assets | ||||
| total current assets | 12,249,745 | 11,694,824 | 11,196,614 | 100 |
| total assets | 32,819,735 | 32,523,517 | 34,309,874 | 100 |
| Bank overdraft | ||||
| Bank loan | 223,583 | |||
| Trade Creditors | 3,272,072 | 2,312,337 | 3,304,322 | |
| Group/Directors Accounts | 1,311,870 | 476,217 | ||
| other short term finances | 100,000 | |||
| hp & lease commitments | 178,409 | 114,324 | 796,096 | |
| other current liabilities | 6,242,087 | 5,216,140 | 5,232,643 | |
| total current liabilities | 11,004,438 | 8,119,018 | 9,656,644 | |
| loans | 4,731,507 | 5,666,783 | 3,881,567 | |
| hp & lease commitments | 327,807 | 248,331 | 1,315,176 | |
| Accruals and Deferred Income | 5,271,363 | 4,772,927 | 3,893,433 | |
| other liabilities | 8,063,898 | 8,269,779 | 7,510,335 | |
| provisions | 69,856 | 391,544 | 981,879 | |
| total long term liabilities | 18,464,431 | 19,349,364 | 17,582,390 | |
| total liabilities | 29,468,869 | 27,468,382 | 27,239,034 | |
| net assets | 3,350,509 | 5,054,778 | 7,070,483 | 100 |
| total shareholders funds | 3,350,509 | 5,054,778 | 7,070,483 | 100 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | 209,062 | -347,984 | -8,149,441 | |
| Depreciation | 1,790,619 | 1,617,983 | 1,460,718 | |
| Amortisation | 2,067,935 | 2,071,111 | 3,467,773 | |
| Tax | 110,205 | 150,260 | 959,029 | |
| Stock | 1,080,212 | 1,030,375 | 3,831,667 | |
| Debtors | -28,944 | -1,249,811 | 7,164,223 | |
| Creditors | 959,735 | -991,985 | 3,304,322 | |
| Accruals and Deferred Income | 1,524,383 | 862,991 | 9,126,076 | |
| Deferred Taxes & Provisions | -321,688 | -590,335 | 981,879 | |
| Cash flow from operations | 5,288,983 | 2,991,477 | 154,466 | |
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | ||||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | -223,583 | 223,583 | ||
| Group/Directors Accounts | 835,653 | 476,217 | ||
| Other Short Term Loans | -100,000 | 100,000 | ||
| Long term loans | -935,276 | 1,785,216 | 3,881,567 | |
| Hire Purchase and Lease Commitments | 143,561 | -1,748,617 | 2,111,272 | |
| other long term liabilities | -205,881 | 759,444 | 7,510,335 | |
| share issue | ||||
| interest | -2,023,582 | -1,818,051 | -1,335,860 | |
| cash flow from financing | -2,185,479 | -869,304 | 29,120,087 | |
| cash and cash equivalents | ||||
| cash | -496,347 | 717,646 | 200,624 | 100 |
| overdraft | ||||
| change in cash | -496,347 | 717,646 | 200,624 | 100 |
polar technology holdings limited Credit Report and Business Information
Polar Technology Holdings Limited Competitor Analysis
Perform a competitor analysis for polar technology holdings limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in OX16 area or any other competitors across 12 key performance metrics.
polar technology holdings limited Ownership
POLAR TECHNOLOGY HOLDINGS LIMITED group structure
Polar Technology Holdings Limited has 1 subsidiary company.
Ultimate parent company
POLAR TECHNOLOGY HOLDINGS LIMITED
12411131
1 subsidiary
polar technology holdings limited directors
Polar Technology Holdings Limited currently has 4 directors. The longest serving directors include Mr Scott Roberts (Jan 2020) and Mr Michael Dewhirst (Jan 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Scott Roberts | United Kingdom | 59 years | Jan 2020 | - | Director |
| Mr Michael Dewhirst | United Kingdom | 52 years | Jan 2020 | - | Director |
| Mr William Gresty | United Kingdom | 45 years | Jul 2021 | - | Director |
| Mr James Sumner | United Kingdom | 59 years | Nov 2022 | - | Director |
P&L
December 2023turnover
28m
+20%
operating profit
209.1k
-160%
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
3.4m
-0.34%
total assets
32.8m
+0.01%
cash
422k
-0.54%
net assets
Total assets minus all liabilities
polar technology holdings limited company details
company number
12411131
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
January 2020
age
5
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
WHITLEY STIMPSON LTD
address
penrose house 67 hightown road, banbury, oxfordshire, OX16 9BE
Bank
-
Legal Advisor
-
polar technology holdings 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 3 charges/mortgages relating to polar technology holdings limited. Currently there are 1 open charges and 2 have been satisfied in the past.
polar technology holdings 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.
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polar technology holdings limited Companies House Filings - See Documents
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