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Polar Bearings Limited

04691348

active
Private Limited Company
Companies House
Health Score
88 / 100

Healthy

30/30
Filing
20/30
Financial
38/40
Risk
  • 1 outstanding charge (-2)

Details

1ST FLOOR GALLERY COURT, LONDON, N3 2FG
Incorporated 10/03/2003

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25990
Manufacture of other fabricated metal products

Officers

Mr Joseph Philip Constable

director · Since 10/03/2003

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 66

Also on 3 other boards

Mr Daniel Ellis

director · Since 05/07/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 44

Also on 2 other boards

Mr Neil Ellis

director · Since 05/07/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 47

Also on 2 other boards

Persons with Significant Control

Polar Bearings (Holdings) Limited

75–100% shares
75–100% votes

1st Floor Gallery Court, 28 Arcadia Avenue, London, N3 2FG

Reg: 13994418 · Companies House England And Wales · Private Limited Company

Notified 10/04/2022

Former PSCs

Mr Christopher Ellis

Ceased 10/04/2022

Mr Joseph Philip Constable

Ceased 10/04/2022

Charges1 outstanding

Charge
outstanding

AMICUS COMMERCIAL FINANCE NO 1 LIMITED

Created 30/06/2016Registered 06/07/2016
charge
satisfied

EUROFACTOR (UK) LIMITED

Created 06/11/2006Registered 09/11/2006Satisfied 06/07/2016
charge
satisfied

LLOYDS TSB BANK PLC

Created 26/06/2003Registered 01/07/2003Satisfied 12/04/2014

CompanyRankvs 2977+ SIC 25990 peers
52

Financial strength70th percentile among SIC peers · 18/25
Employees10th percentile among SIC peers · 2/15
LiquidityCurrent ratio 1.3× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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2977Polar Bearings Limited
62
How is this score calculated?
Financial strength18/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees2/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/05/2025

Net Worth

£208k

Balance sheet strength

Cash

£52k

Cash in the bank

Net Current Assets

£193k

Working capital

Current Assets

£826k

Current Liabilities

£633k

Fixed Assets

£52k

Debtors

£560k

0avg. employees-10

Tax at Year End

Corp tax£13k

Balance Sheet

Intangible assets£0
Assets less current liabilities£245k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20251.30-£50k
20241.37-£43k
20231.44+£54k
20221.34-£41k
20211.59+£57k
20209.42+£728
20191.45—

Derived from filed accounts. Not audited figures.