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Polar Specialist Coatings Ltd

11616572

liquidation
Private Limited Company
Companies House
Health Score
N/A

Details

GROSVENOR HOUSE, ALTRINCHAM, WA14 1DU
Incorporated 11/10/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47520
Retail sale of hardware, paints and glass in specialised stores

Officers

Mr Thomas Charles Johnstone

director · Since 11/10/2018

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 34

Also on 7 other boards

Persons with Significant Control

Mr Thomas Charles Johnstone

75–100% shares
75–100% votes

British · United Kingdom · Age 34

Grosvenor House, 22 Grafton Street, Altrincham, WA14 1DU

Notified 11/10/2018

Former PSCs

Mr John David Johnstone

Ceased 27/10/2021

Charges1 outstanding

Charge
outstanding

NPIF NW DEBT LP ACTING BY NORTH WEST LOANS NPIF GP LIMITED AS THE GENERAL PARTNER OF NPIF NW DE

Created 16/02/2023Registered 22/02/2023

CompanyRankvs 15+ SIC 47520 peers
29

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 1.89× · 16/20
Longevity8 years trading (max 15) · 8/15
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.

Employees0/15 pts

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

Liquidity16/20 pts

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

Longevity8/15 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 31/10/2022

Net Worth

£385k

Balance sheet strength

Cash

£48k

Cash in the bank

Net Current Assets

£412k

Working capital

Current Assets

£873k

Current Liabilities

£461k

Fixed Assets

£16k

Debtors

£234k

15avg. employees

Balance Sheet

Bank loans & overdrafts£34k
Assets less current liabilities£428k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20221.89-£2k
20212.39+£194k
20201.53+£194k
20190.90—

Derived from filed accounts. Not audited figures.