Polestar Cooling Limited

Polestar Cooling Ltd from Bognor Regis UK: a small company, holding company, and active status, was founded 21 years ago. With 35 employees and £2,286,619 in assets, it operates from a real address and is overseen by six directors and one owner. The company regularly imports machinery, boilers, and mechanical appliances; parts (82 months imported), and exports similar items (3 months exported). It’s a holding company, meaning it likely owns other businesses.

The company’s website is not available, so it’s difficult to determine if they operate an e-commerce platform. However, they manufacture non-domestic cooling and ventilation equipment.

Financially, Polestar Cooling Ltd shows a mixed picture. Current assets increased by 18%, reaching £2,300,000, while net assets grew by 5.5% to £1,900,000. Bank borrowings remained stable, and cash reserves increased significantly by 200%, reaching £700,000. Creditors increased by 48%, suggesting a need for better cash flow management. Debtors decreased by 14%, which is a good sign. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in creditors could be a concern. The company's accounts are unaudited, which is typical for small businesses.

The company’s increase in assets and cash reserves are positive signs, but the rise in creditors warrants attention. The company’s continued import and export activity suggests ongoing operations, and the increase in employee numbers (to 36) indicates growth.

Registered in England/Wales under the registration number 04750332, with a registered address at PO22 9TS, England, Bognor Regis, Sussex, Unit 6-7 Beeding Close.

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