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Gap Polymers Ltd

11102263

active
Private Limited Company
england wales
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • 1 outstanding charge (-2)

Details

GAP HOUSE, GATESHEAD, NE10 0ES
Incorporated 07/12/2017

Compliance

Last accounts

31/12/2024

small

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 06/12/2025

Due 20/12/2026

On track

Industry

38320
Recovery of sorted materials

Officers

Mr Andrew Gavin Laight-Wiltshire

director · Since 07/12/2017

DIRECTOR

BRITISH · UNITED KINGDOM · Age 55

Also on 3 other boards

Mr Peter Anthony Moody

director · Since 07/12/2017

DIRECTOR

BRITISH · ENGLAND · Age 60

Also on 14 other boards

Mr Jonathan Archer

director · Since 25/11/2025

BRITISH · UNITED KINGDOM · Age 49

Also on 12 other boards

Persons with Significant Control

Gap Group North East Limited

25–50% shares
25–50% votes

Gap House, Nest Road, Gateshead

Reg: 09903046 · Companies House · Limited

Notified 07/12/2017

Former PSCs

Sirg Uk Ltd

Ceased 31/10/2021

Charges1 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 13/03/2023Registered 14/03/2023
Charge
satisfied

LEUMI ABL LIMITED

Created 28/05/2021Registered 04/06/2021Satisfied 14/03/2023

CompanyRankvs 19520+ SIC 38320 peers
18

Financial strength1th percentile among SIC peers · 0/25
Employees12th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.24× · 2/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength0/25 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.

Liquidity2/20 pts

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

Longevity9/15 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 31/12/2024

Net Worth

-£1.6M

Balance sheet strength

Cash

£268k

Cash in the bank

Net Current Assets

-£3.0M

Working capital

Current Assets

£948k

Current Liabilities

£4.0M

Fixed Assets

£5.2M

Debtors

£597k

0avg. employees

Balance Sheet

Assets less current liabilities£2.2M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20240.24-£1.0M
20230.09-£362k
20210.02+£0
20200.02+£0
20190.02-£235k
20181.13

Derived from filed accounts. Not audited figures.