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Polaris International Holdings Limited

14396977

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

6TH FLOOR, MANFIELD HOUSE,, LONDON, WC2R 0LR
Incorporated 04/10/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64209
Activities of other holding companies

Officers

Walid Salloum

director · Since 04/10/2022

DIRECTOR

GERMAN · GERMANY · Age 34

Mr Marius Toft

director · Since 06/11/2023

CEO

NORWEGIAN · ENGLAND · Age 42

Also on 6 other boards

Persons with Significant Control

Walid Salloum

75–100% shares
75–100% votes

German · Germany · Age 34

6th Floor, Manfield House,, 1 Southampton Street, London, WC2R 0LR

Notified 04/10/2022

Charges1 outstanding

Charge
outstanding

OCEAN PROMISING LIMITED

Created 26/10/2023Registered 01/11/2023

CompanyRankvs 24809+ SIC 64209 peers
29

Financial strength99th percentile among SIC peers · 25/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.32× · 2/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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24809Polaris International Holdings Limited
48
How is this score calculated?
Financial strength25/25 pts

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

Employees3/15 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.

Longevity4/15 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

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

£39.2M

Balance sheet strength

Cash

£8.8M

Cash in the bank

Net Current Assets

-£1.3M

Working capital

Current Assets

£605k

Current Liabilities

£1.9M

Fixed Assets

£35.1M

Debtors

£103k

Cost of Sales

£150.3M

Admin Expenses

£2.8M

Profit After Tax

£25.2M

0avg. employees-2

Tax at Year End

Corp tax£633k

People Costs

Wages & salaries£666k

Balance Sheet

Assets less current liabilities-£103k
Prepared with CCH Software

EstimatesDerived

YearCurrent Ratio
20240.32
20230.22

Derived from filed accounts. Not audited figures.