Philip Tyler Polymers Limited

Philip Tyler Polymers Ltd, based in Cirencester, UK, is a small holding company with an active status, having been founded 31 years ago in 1993. The company employs 13 people and holds assets totaling £2,521,186. It has a real address and is managed by five directors, with one owner reported. The company regularly imports plastics and plastic products (7 months) and exports them (201 months), with the last export operation taking place in February 2025.

The company operates in the manufacture of other plastic products industries. 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. The company’s website is non-existent, so it's hard to tell if they operate an e-commerce site.

Looking at the financial data, Philip Tyler Polymers Ltd has experienced some notable shifts. Cash bank on hand has decreased significantly by 51%, falling to £470,000. Creditors have also decreased by 37%, dropping to £1.4 million, which could indicate better debt management. However, net assets have also declined by 31%, settling at £1.2 million. Trade debtors have decreased by 37%, and corporation tax payable has decreased by 79%, suggesting a reduction in outstanding tax obligations. The company’s equity has also decreased by 36%, and bank borrowings have increased by 45%.

These changes could be attributed to various factors, such as shifts in market demand, increased competition, or changes in the company's operational strategies. It’s also worth noting that the company’s net losses have deepened, and cash reserves have fallen considerably. The lack of an auditor mentioned suggests that the company is exempt from an audit due to its small size.

Registered in England/Wales under the registration number 02877316, with a registered address at GL7 1YG, Cirencester, Gloucestershire, Globe House, Love Lane.

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