Polar Technology Management Group Limited

Polar Technology Management Group Ltd, based in Banbury, UK, is a holding company with an active status, established thirteen years ago. The company employs 219 people and holds assets worth £14,247,885. While it has a registered address, fifty-three companies share the same location, suggesting a virtual address. Three directors and two owners manage the business, which boasts a perfect 5.0 Google rating from seventeen reviews. The company regularly imports machinery, boilers, and mechanical appliances (parts for seventy-seven months), and exports vehicles, parts, and accessories (not for trains or trams) for 281 months.

Polar Technology Management Group operates in the engineering design activities for industrial process and production industries. It owns several companies: Sst Technology Limited, Lentus Composites Limited, Horizon Engineering Limited, and Polar Venture Management Limited. Previously known as Polar Venture Management Limited, the company’s core business revolves around the design, development, and manufacture of high-tech engineered components for various markets, including aerospace, defence, motorsport, automotive, medical, and energy.

Financially, the company's performance shows a mixed picture. Current assets decreased by 22%, falling to £14 million. Bank borrowings increased by 180%, reaching £1.3 million, while cash reserves dropped 54%, leaving £420,000. Trade debtors increased by 890%, suggesting a possible issue with customer payments or an expansion of credit terms. The company's net assets plummeted 73%, leaving just £16,000. Creditors decreased by 18%, which is a positive sign. The company’s small size helps it stay agile, but the sharp equity drop raises questions. The company’s accounts were audited by Whitley Stimpson Limited.

While the import and export activities indicate a stable business, the financial trends suggest a period of strain. The company’s reliance on a virtual address and the decrease in cash reserves are points to watch. The company’s success hinges on its ability to maintain its engineering expertise and navigate these financial challenges.

Registered in England/Wales under the registration number 07861070, with a registered address at OX16 9BE, Banbury, Oxfordshire, Penrose House, 67 Hightown Road.

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