Polarseal Tapes And Conversions Limited

PolarSeal Tapes And Conversions Ltd from Farnham UK is a large company, holding company, and active status, founded eight years ago. It employs 81 people and holds £6,883,319 in assets, generating £12,093,424 in revenue annually. The company has five directors and one owner, and operates from a real address with only two other companies registered there. It regularly imports and exports plastics and plastic products, with 158 months of import activity and 103 months of export activity.

PolarSeal is a medical device contract manufacturing and healthcare material conversion specialist. Its website highlights a diverse range of capabilities, from flat bed die cutting to 3D printing, serving markets like wound care, fixation devices, and diagnostics. They even offer services like sterilization, RD prototyping, and material selection, providing a full-service solution for medical device companies. The company’s website also showcases a commitment to quality, with mentions of CE marking, FDA 510K certification, and ISO accreditation.

Financially, PolarSeal shows some interesting trends. Accrued liabilities have increased significantly, jumping 370%, while accumulated amortisation of computer software has risen by 12%. Depreciation expense for property and plant equipment decreased by 21%, and staff costs have increased by 12%. Revenue grew by a solid 13%, reaching £12,093,424, but net assets decreased by 9.6% to £3,400,000. Bank borrowings have surged, and cash reserves have fallen by 51%, which could indicate a period of investment or increased operational expenses. The company’s size—meeting two of three criteria for a large company—suggests it’s a significant player in its niche.

The company’s auditor is Kreston Reeves LLP. While the figures don't offer a complete picture, they suggest PolarSeal is a growing business facing some financial pressures, likely driven by investment in its capabilities and expansion into new markets.

Registered in England/Wales under the registration number 10164939, with a registered address at GU9 9PZ, United Kingdom, Farnham, Polarseal Tapes And Conversions, Guildford Road Trading Estate.

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