Polaris Controls Ltd

Polaris Controls Ltd from Camberley UK is a small, active company founded seven years ago. With just two employees and £241,960 in assets, it operates from a virtual address – a detail flagged by the fact that 140 other companies are registered at the same location. The company is led by two directors and two owners, though the list of owners changed four years ago.

The company’s core business revolves around importing optical and medical tools and devices – a regular activity spanning 61 months, with the most recent import occurring in January 2025. It also engages in exporting these same products, though this is an irregular activity, with only two months of export activity recorded as of August 2024. Polaris Controls Ltd operates within the agents involved in the sale of a variety of goods industries.

Looking at the financial data, Polaris Controls Ltd’s performance presents a mixed picture. Current assets have decreased by 21% to £240,000, while net assets have also fallen by 11% to £110,000. Bank borrowings have increased significantly by 310%, reaching £69,000, and cash reserves have dropped by 24% to £73,000. Creditors have also decreased by 30%, which could indicate improved debt management. The company meets two of the three criteria to be considered small (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees). The sharp decline in equity, however, raises concerns about the company’s financial health. There is no auditor mentioned, likely due to the company’s small size and exemption from an audit.

The financial trends suggest Polaris Controls Ltd may be facing challenges. The increased borrowing and decreased cash reserves could indicate a need for increased funding or a period of tight cash flow. The decrease in creditors suggests the company is managing its short-term liabilities effectively, but the overall picture is one of a company needing to carefully manage its resources.

Registered in England/Wales under the registration number 11032696, with a registered address at GU15 3YY, England, Camberley, Surrey, 1 Minster Court, Tuscam Way.

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