Polar Technology Holdings Limited
12411131
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Polar Technology Buyer Ltd
Suite 1, 7th Floor, London, SW1H 0DB
Reg: 17026251 · Uk Companies House · Private Limited Company
Notified 04/03/2026
Former PSCs
Scott Silas John Roberts
Ceased 04/03/2026
Michael James Dewhirst
Ceased 04/03/2026
Bgf Nominees Limited (A/C Bgf Investments Lp)
Ceased 04/03/2026
Charges1 outstanding
GLAS AMERICAS LLC AS SECURITY AGENT
ARBUTHNOT COMMERCIAL ASSET BASED LENDING LIMITED
RBS INVOICE FINANCE LTD
NATIONAL WESTMINSTER BANK PLC
CompanyRankvs 1404+ SIC 64209 peers59
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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
any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent 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
£1.9M
Balance sheet strength
Cash
£82k
Cash in the bank
Net Current Assets
£7.9M
Working capital
Current Assets
£8.8M
Current Liabilities
£905k
Fixed Assets
£10.1M
Debtors
£8.8M
Cost of Sales
£20.4M
Admin Expenses
£10.6M
Profit After Tax
-£1.5M
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 9.70 | -£12.2M |
| 2023 | 10.74 | — |
Derived from filed accounts. Not audited figures.