Circular Polymers Limited

Circular Polymers Limited, based in Hull, UK, is a small, active holding company founded eight years ago in 2017. With just three employees and £2,275 in assets, it operates from a real address shared by only one other company. The company is led by two directors, with one owner reported, though this list may not be exhaustive. It functions as an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances—parts—with the last import operation recorded one month ago. The company’s website describes it as agents specialized in the sale of other particular products.

While Circular Polymers Limited appears to be a relatively small operation, it's linked to Cleaneco Group Ltd, its owner. The director list was changed two months ago, a good sign, and the company’s previous names were Orange Box Systems Ltd and Cleantank (hull) Limited. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

Financially, the company’s recent performance presents a mixed picture. Cash bank on hand has seen a dramatic increase of 960%, jumping to £2,300, which is good. However, accrued liabilities deferred income have also risen significantly by 97%, reaching £3,000. More concerning is the substantial increase in amounts owed to group undertakings, now standing at £1.4 million—a considerable jump. Net assets have plummeted to -£280,000, a large decrease from -£3,300 the previous year, and creditors have increased by 670% to £1.5 million. Despite these challenges, trade creditors have decreased by 93%, suggesting improved management of short-term debts. The company’s property, plant, and equipment have increased by 540% to £1.2 million, which could be a good investment for the future.

The lack of an auditor is typical for a small company, meaning the figures are unaudited. Overall, Circular Polymers Limited is facing some financial headwinds, but its connection to a larger group and its focus on specialized product sales could provide a foundation for future growth—though it’s clear the company is burning through money.

Registered in England/Wales under the registration number 10582594, with a registered address at HU7 0XF, England, Hull, Amsterdam Road, Sutton Fields Industrial Estate.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.