Polar Technology Management Group Limited
07861070
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
secretary · Since 23/06/2022
director · Since 04/03/2026
BRITISH · ENGLAND · Age 41
Also on 4 other boards
Persons with Significant Control
Polar Technology Holdings Limited
Penrose House, 67 Hightown Road, Banbury, OX16 9BE
Reg: 12411131 · Polar Technology Holdings Limited · Limited Company With Shares
Notified 08/12/2020
Former PSCs
Scott Silas John Roberts
Ceased 08/12/2020
Michael James Dewhirst
Ceased 08/12/2020
Charges2 outstanding
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CompanyRankvs 3358+ SIC 71121 peers37
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to
Key FinancialsYear ending 31/12/2024
Net Worth
-£3.5M
Balance sheet strength
Cash
£80k
Cash in the bank
Profit Before Tax
£466k
Bottom line earnings
Net Current Assets
£2.3M
Working capital
Current Assets
£12.5M
Current Liabilities
£10.2M
Fixed Assets
£14.6M
Debtors
£7.3M
Admin Expenses
£9.4M
Profit After Tax
£729k
Tax at Year End(2022)
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.22 | +£729k |
| 2023 | 1.41 | +£488k |
| 2022 | 1.35 | -£3.7M |
| 2021 | 0.83 | — |
Derived from filed accounts. Not audited figures.