Vip-polymers Limited

Vip Polymers Ltd, based in Huntingdon, UK, is a large, active family business established 23 years ago. With 110 employees and £5,081,922 in assets, the company generates a yearly revenue of £14,957,440. It’s managed by four directors and owned by Grove Jonathon and Grove Simon, and has a solid 4.0 Google rating from nine reviews. The company regularly imports iron or steel products (165 months) and exports rubber and rubber products (156 months).

Vip Polymers specializes in sealing solutions, particularly for pipelines, tunnels, and rail applications. Its website highlights a diverse range of products, from pipe seals to tunnel segment gaskets, and even includes a division dedicated to piano restoration—a surprising diversification. The company operates globally, with manufacturing and distribution operations in the UK, Germany, China, and India.

Financially, Vip Polymers shows some concerning trends. While turnover remains substantial, net assets decreased by 12%, and cash reserves dropped by 80% to a mere £30,000. Bank borrowings increased by 10%, reaching £410,000, and current assets fell by 3%. However, creditors also decreased, suggesting improved debt management. The company meets the criteria for a large company, having turnover more than £36 million, balance sheet more than £18 million, and employees more than 250. The accounts are audited, and the auditor is MHA.

The decrease in cash reserves and increase in bank borrowings are worth noting, potentially reflecting increased investment or working capital needs. However, the company’s established global presence and diverse product range—from sealing solutions to piano restoration—suggest a resilient business model. The lack of a senior statutory auditor name mentioned is not unusual for companies of this size.

Registered in England/Wales under the registration number 04256307, with a registered address at PE29 7EB, United Kingdom, Huntingdon, Cambridgeshire, 15 Windover Road.

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