POLYCAST LIMITED
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Cash
£47K
-70.1% vs 2023
Net assets
-£3.3M
-14.8% lowest in 4 filed years
Employees
1
-93.3% lowest in 4 filed years
Profit before tax
-£427K
+81.5% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-07-04.
-
Negative shareholders' funds
Net assets
4-year trend · vs Basic Materials median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | — | £2,769,000 | £164,000 | -94.1% | |
| Operating profit | — | — | -£2,274,000 | -£428,000 | +81.2% | |
| Profit before tax | — | — | -£2,303,000 | -£427,000 | +81.5% | |
| Net profit | — | — | -£2,303,000 | -£427,000 | +81.5% | |
| Cash | £14,735 | £7,153 | £157,000 | £47,000 | -70.1% | |
| Total assets less current liabilities | £286,793 | £363,960 | — | — | — | |
| Net assets | £286,793 | £236,434 | -£2,891,000 | -£3,318,000 | -14.8% | |
| Equity | £286,793 | £236,434 | — | — | — | |
| Average employees | 28 | 25 | 15 | 1 | -93.3% | |
| Wages | — | — | — | — | — | |
| Directors' remuneration | — | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-03-31 | 2021-03-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | -82.1% | — | |
| Net margin | — | — | -83.2% | — | |
| Gearing (liabilities / total assets) | — | — | 313.4% | 6480.8% | |
| Current ratio | — | — | 0.32x | 0.02x | |
| Interest cover | — | — | -78.41x | — |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- POLYCAST LIMITED 1984-11-28 → present
- SPRIGBOND LIMITED 1984-09-28 → 1984-11-28
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- MC Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “The directors made the decision to close the business in September 2023 and the last manufacturing took place in October 2023. During 2024 the Company have fulfilled outstanding orders and wound down the business. Trade officially ceased with effect from 30 September 2024. From this date the Company was no longer carrying out business activity of any kind and is dormant.”
- “All staff were made redundant on 31 January 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| EGAN, David John | Director | 2024-07-04 | Dec 1967 | British |
| QUINN, Michael Joseph | Director | 2022-06-29 | Sep 1968 | Irish |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PULLEN, John Anthony | Secretary | 2003-10-29 | 2020-09-01 |
| SADLER, John Ernest, Reverend | Secretary | 2002-04-11 | 2003-10-29 |
| WORTHINGTON, Philip Michael | Secretary | — | 2002-04-10 |
| BARRETT-HAGUE, Helen | Director | 2023-08-01 | 2024-03-08 |
| COLYER, John Robert | Director | 1999-08-19 | 2007-01-26 |
| HARRIS, Glenn Charles | Director | 2002-04-26 | 2021-02-01 |
| MARTIN, Andrew David | Director | 2010-10-04 | 2022-06-29 |
| MARTLE, Simon David | Director | 2022-06-29 | 2023-08-01 |
| MCINTYRE, Stuart Alexander | Director | 2002-04-26 | 2021-02-01 |
| ORR, David | Director | 2021-02-01 | 2023-06-09 |
| PULLEN, John Anthony | Director | 2012-09-01 | 2020-09-01 |
| PULLEN, John Anthony | Director | — | 1999-05-26 |
| RUSSELL, William Henry | Director | 2001-10-29 | 2003-02-28 |
| SADLER, David Barry | Director | — | 2018-03-12 |
| SADLER, John Ernest, Reverend | Director | 1999-08-31 | 2004-07-05 |
| SADLER, Thomas Michael | Director | 2020-04-20 | 2021-02-01 |
| WILTON, Richard Joseph | Director | 1999-08-31 | 2021-02-01 |
| WORTHINGTON, Philip Michael | Director | — | 2002-04-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Jiangyin Uni-Pol Co Limited | Corporate entity | Shares 75–100% | 2021-06-25 | Ceased 2021-06-25 |
| Polycast International Limited | Corporate entity | Shares 75–100% | 2021-06-25 | Active |
| Carrick Scott Limited | Corporate entity | Shares 75–100% | 2021-02-01 | Ceased 2021-06-25 |
| Mr Thomas Michael Sadler | Individual | Shares 25–50%, Voting 25–50% | 2018-04-15 | Ceased 2021-02-01 |
| Mr John Anthony Pullen | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2021-02-01 |
| David Barry Sadler | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2018-04-15 |
Filing timeline
Last 20 of 200 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-06-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-05 | AA | accounts | Accounts with accounts type full | |
| 2024-10-01 | AA | accounts | Accounts with accounts type small | |
| 2024-07-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-18 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-04-18 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-03-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-03-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-05 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-03-05 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-02-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-01-31 | AA | accounts | Accounts with accounts type small | |
| 2023-11-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-11-14 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-09-20 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-08-01 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-06-19 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months