Polar Audio Limited

Polar Audio Ltd, based in Bexley, UK, is a well-established holding company with a 55-year history. Employing 29 people, the company holds assets worth £9.46 million and generates a yearly revenue of £10.85 million. While it has a registered address, fifty companies are registered at the same address, suggesting a virtual address. The company is active, with two directors and one owner, and boasts a solid 4.0 Google rating from 34 reviews. Polar Audio regularly imports and exports electrical machinery and equipment, with 1048 months of import activity and 246 months of export activity.

The company's website, polar-audio.co.uk, describes Polar Audio as a wholesale supplier of audio tapes, records, CDs, and video tapes, as well as the equipment used to play them. It seems to operate primarily as a B2B supplier, catering to businesses rather than individual consumers. While the website provides a general overview of the company's products and services, it doesn't offer a detailed e-commerce platform.

Financially, Polar Audio Ltd presents a mixed picture. While turnover remained steady at £11 million, net assets decreased by 13% to £7.1 million. Cash reserves fell by 29% to £2.7 million, and bank borrowings increased by 39% to £1.3 million. Creditors also increased by 14% to £2.4 million. The company’s small size (meeting two of three criteria for a large company) allows for agility, but the decrease in equity and rise in debt could indicate financial pressures. The company's auditor is Swindells LLP.

The company’s consistent import and export activity suggests a stable business model, but the rising debt levels warrant closer monitoring. It's likely the company is facing increased competition or experiencing margin pressures, but more detailed financial information would be needed to draw firm conclusions.

Registered in England/Wales under the registration number 00957438, with a registered address at DA5 3AP, Bexley, Kent, 19 Montpelier Avenue.

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