Polybrite Limited

Polybrite Limited, based in Winchester, UK, is a small, active company founded 22 years ago. It’s a privately held business with two directors and two owners, operating from a real address. The company’s core business revolves around retail sales via mail order and internet, but a deeper look reveals a fascinating and complex story.

The company’s website, Polybrite Inc., boldly proclaims "Making the World Brighter!" and showcases a diverse range of lighting solutions, from indoor and outdoor options to specialized streetlights and custom designs. It’s clear the company has evolved, rebranding itself as Borealis Solar Corporation and focusing on advanced LED lighting products for both commercial and consumer applications. The website details a history stretching back to 1995, highlighting a commitment to innovation and even mentioning a 2012 Chicago Innovation Award for its A19 LED light bulb. The site also emphasizes a 29-year track record and partnerships with companies like Compdetail for hosting and design.

Financially, Polybrite Limited presents a mixed picture. While the company meets the criteria for a small business (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), its financial data reveals some concerning trends. Accumulated depreciation has remained static, and the company has a significant amount of specific advance or credit to directors, though repayments have been minimal. Creditors are steady, but equity has plummeted to -£61,000, and net current assets liabilities are also at -£61,000. Despite this, property plant equipment has remained consistent. The company is exempt from an audit, so the figures are unaudited.

Overall, Polybrite Limited appears to be navigating a challenging environment. While the Borealis brand and focus on LED technology suggest a forward-looking strategy, the negative equity and reliance on director advances raise questions about its long-term financial stability. It’s likely the company is facing pressures to maintain its operations and innovate in a competitive market.

Registered in England/Wales under the registration number 04537603, with a registered address at SO23 0QQ, England, Winchester, Hampshire, 68 Gordon Avenue.

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