Independent Polymer Technology Ltd

Independent Polymer Technology Ltd, based in Telford, UK, is a small, active company established 22 years ago. With four employees and £173,042 in assets, it operates from a real address and is overseen by three directors and two owners. The company holds a Google rating of 3.0 based on one review. It’s a regular importer, primarily of rubber and rubber products, with its last import activity recorded four months ago in April 2018.

The company's website isn't available, so it’s difficult to know exactly what they do beyond what’s stated in the report. However, the company operates in the other research and experimental development on natural sciences and engineering, the technical testing and analysis industries.

Financially, Independent Polymer Technology Ltd presents a mixed picture. While cash bank on hand dropped by 25% to £120,000, trade debtors increased significantly by 200% to £40,000. Creditors also rose by 33% to £18,000. Net assets declined by 11% to £220,000. The company's small size – meeting two of three conditions for a small company – helps it remain flexible, but the decrease in equity and cash reserves is something to keep an eye on. The lack of an auditor mentioned suggests it’s exempt as a small company, meaning the financial data is unaudited. The company’s fixed assets also decreased by 20% to £65,000, which could be due to depreciation or asset sales. It’s worth noting that the company’s plant and machinery has seen a significant decrease, dropping 30% to £38,000.

Registered in England/Wales under the registration number 04627765, with a registered address at TF7 4NY, Telford, Shropshire, Unit F4, Halesfield 23.

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