Electra Polymers Limited

Electra Polymers Ltd, based in Kent, UK, is a small holding company with an active status, marking its 27th year in operation. Employing 27 people and boasting assets of £5,895,543, the company has a real registered address and is overseen by seven directors and one owner. It’s a regular importer of machinery, boilers, and mechanical appliances parts, with 9 months of import activity recorded, and a regular exporter of miscellaneous chemical products, having exported for 47 months.

The company operates in the manufacture of other chemical products n.e.c. industries. Its registered address is TN11 9SG, Kent, Roughway Mill, Tonbridge. The address is probably real as only four companies registered at the address. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

Looking at the financial data, Electra Polymers Ltd shows some concerning trends. Cash bank on hand has decreased significantly by 39%, dropping to £1.8 million. Similarly, current assets have fallen by 8%, now at £5.9 million. However, trade debtors have increased by a substantial 40%, reaching £3 million—suggesting potential issues with customer payments. On a positive note, creditors have decreased by 11%, indicating improved debt management. The company’s net assets have grown by a modest 3%, reaching £4.9 million.

Furthermore, the number of employees has risen by 22% to 33, which could be a sign of growth or increased workload. Accumulated amortisation for intangible assets has grown by 7%, and depreciation for property, plant, and equipment has remained stable. The company’s fixed assets have increased dramatically by 300%, now at £530,000.

As a small company, Electra Polymers Ltd is exempt from an audit, and its financial statements are unaudited. The company's financial health appears to be in a transitional phase, with both positive and negative indicators. The increase in debtors and decrease in cash reserves warrants close monitoring, while the growth in fixed assets suggests investment or expansion.

Registered in England/Wales under the registration number 03435974, with a registered address at TN11 9SG, Kent, Roughway Mill, Tonbridge.

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