Polyseam Limited

Polyseam Ltd from Huddersfield UK: a large company with an active status, was founded 31 years ago in 1993. The company employs 130 people and holds £6,947,688 in assets, operating from a real address. Eight directors and one owner oversee the business, which currently has a Google rating of 4.0 based on six reviews. Polyseam regularly imports machinery, boilers, and mechanical appliances parts, with 45 months of import activity recorded, and exports stone, plaster, cement, and similar material products, with 131 months of export activity.

The company specializes in manufacturing paints, varnishes, and sealants, operating in a competitive market. It’s a sizable operation, meeting two of the three criteria to be classified as large: turnover exceeding £36 million and a balance sheet total over £18 million, as well as having more than 250 employees. The company’s website doesn't appear to be an e-commerce site, suggesting a business-to-business model rather than direct sales to consumers.

Looking at the financials, there are some interesting trends. Accrued liabilities deferred income increased by 44%, while depreciation on plant machinery decreased slightly. Cash and cash equivalents took a hit, falling by 68%, which could indicate increased investment or working capital needs. Net assets, however, grew by a healthy 12%, suggesting overall financial stability. Despite this, the company's net loss deepened by 37%, which could be attributed to rising administrative expenses.

It's worth noting that trade debtors increased, which might be a sign of delayed payments from customers, or perhaps a strategic decision to offer more credit. The company’s bank borrowings also decreased, suggesting improved debt management. The accounts are unaudited, and the company is not required to have an auditor, but the figures provide a snapshot of its financial performance. The company’s ultimate parent is Protecta Group AS, incorporated in Norway. The auditor is Robson Laidler Accountants Limited.

Registered in England/Wales under the registration number 02839491, with a registered address at HD1 6SB, England, Huddersfield, 15 St. Andrews Road.

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