Polar Enterprises Ltd

Polar Enterprises Ltd, based in Halifax, UK, is a small, active company founded two years ago. It's a solo venture, with one director, one owner (Mellor Alex James), and a single employee. The company operates from a real address and has a turnover of less than £10.2 million, a balance sheet total under £5.1 million, and fewer than 50 employees, qualifying it as a small business.

Polar Enterprises Ltd focuses on retail sales via mail order houses or the internet. Its website, though currently unavailable, likely reflects this business model, offering products directly to consumers. The company's operations are straightforward, catering to a specific retail niche.

Financially, Polar Enterprises Ltd presents a mixed picture. Cash on hand has seen a remarkable increase, jumping from £1,100 to £13,000 – a 1,100% growth. However, creditors have also risen significantly, increasing by 190% to £17,000. Net assets liabilities, while still negative, have improved slightly, decreasing from -£5,000 to -£4,400. The company’s bank balance is good, but the rising debts need to be watched. The accounts are filleted and unaudited, and the company has elected not to deliver a profit and loss account. Clever Accounts Ltd is listed as the company's accountants.

Despite the challenges, the company's growth in cash reserves suggests a positive trend, perhaps fueled by increased sales or efficient cost management. The increase in creditors could be a result of expanding operations or negotiating better terms with suppliers. It's possible the company is reinvesting profits into its business, which could explain the rising debts.

Registered in England/Wales under the registration number 14204400, with a registered address at HX3 7TH, England, Halifax, 14 Pepper Hill, Shelf.

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