Polymateria Limited

Polymateria Ltd, based in London, UK, is a large, active company founded nine years ago in 2015. Employing 34 people and boasting assets of £5,891,813, it’s a significant player despite having a virtual address – a red flag as 545 companies are registered at the same location. The company is led by eight directors, but notably, there are no reported owners, which is unusual. Polymateria is an irregular importer of plastics and plastic products, with just one month of import activity recorded as of October 2023.

The company operates in the other professional, scientific and technical activities n.e.c. industries, but lacks a readily available website to analyze its specific operations. It's unclear if Polymateria is an e-commerce business or primarily engages in B2B transactions.

Financially, Polymateria presents a mixed picture. While it meets the criteria to be considered a large company, with turnover exceeding £36 million, balance sheet total over £18 million, and more than 750 employees, some trends are concerning. Accumulated amortisation impairment intangible assets has increased by 35%, while cash bank on hand has dropped by a substantial 48% to £4.2 million. Net assets have decreased by 87% to £540,000. Trade debtors have increased by 84%, suggesting potential issues with customer payments, and bank borrowings have increased by 2400%. Despite these challenges, the company raised an additional £6.9 million in investment, and currently has over £5 million in cash reserves. The company's accounts are audited, and the auditor is BDO LLP.

The lack of owners and the virtual address are noteworthy, and the declining cash reserves warrant closer scrutiny. However, the recent investment suggests confidence in the company's future, and the large employee count indicates a significant operational scale.

Registered in England/Wales under the registration number 09875556, with a registered address at EC4M 7RD, United Kingdom, London, First Floor, 5 Fleet Place.

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