Gap Polymers Ltd

Gap Polymers Ltd is a small, active company based in Gateshead, UK, founded seven years ago in 2017. With £230,743 in assets, it operates from a real address and is managed by two directors and one owner. The company’s status is active. It’s a irregular importer, bringing in machinery, boilers, and mechanical appliances parts for two months, with the last import in 2019. Conversely, it’s a regular exporter of plastics and plastic products, with eight months of export activity recorded, the most recent in October 2024. The company operates in the recovery of sorted materials industries.

The business’s website is non-existent, which makes it difficult to determine if it operates an e-commerce platform or solely functions as a wholesale supplier.

Financially, Gap Polymers Ltd presents a mixed picture. Cash reserves have increased dramatically, up 12,000% to £69,000, a significant turnaround from just £580. However, net assets have fallen by 140% to -£620,000, a substantial decline. Creditors have also risen sharply, increasing by 120% to £2.6 million, and trade debtors have fallen by 100% to zero. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain agile, but the sharp equity drop raises concerns. The company’s bank borrowings increased by 17%, reaching £1.3 million. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The increase in cash reserves suggests a period of successful exporting, while the rising creditors could indicate a need to manage short-term obligations. The company's financial health is uncertain, and it’s burning through money.

Registered in England/Wales under the registration number 11102263, with a registered address at NE10 0ES, United Kingdom, Gateshead, Gap House, Nest Road.

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