POLYSEAM LIMITED
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Cash
£1.7M
+232.1% vs 2023
Net assets
£7.8M
+27.7% vs 2023
Employees
133
-5% vs 2023
Profit before tax
£2.1M
+241.2% vs 2023
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £22,936,394 | £24,257,517 | +5.8% | |
| Operating profit | £682,953 | £2,141,959 | +213.6% | |
| Profit before tax | £604,966 | £2,064,036 | +241.2% | |
| Net profit | £644,134 | £1,694,872 | +163.1% | |
| Cash | £499,202 | £1,657,911 | +232.1% | |
| Total assets less current liabilities | £6,876,058 | £8,541,962 | +24.2% | |
| Net assets | £6,119,498 | £7,814,370 | +27.7% | |
| Equity | £6,119,498 | £7,814,370 | +27.7% | |
| Average employees | 140 | 133 | -5% | |
| Wages | £5,320,274 | £5,325,264 | +0.1% | |
| Directors' remuneration | £1,004,083 | £1,175,619 | +17.1% |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 3.0% | 8.8% | |
| Net margin | 2.8% | 7.0% | |
| Return on capital employed | 9.9% | 25.1% | |
| Gearing (liabilities / total assets) | 37.2% | 38.2% | |
| Current ratio | 2.42x | 2.39x | |
| Interest cover | 6.09x | 17.06x |
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. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- POLYSEAM LIMITED 1994-06-21 → present
- DEALGRADE LIMITED 1993-07-26 → 1994-06-21
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Robson Laidler Accountants 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
- “Polyseam has continued to expand in passive fire protection markets. The key brands to Polyseam are Protecta, Graft and several customer own brands.”
- “New personnel have been welcomed to Polyseam with the main one being the position of Head of Engineering.”
- “To meet the demand for certified passive fire protection products, research and development, design and fire testing divisions are being strengthened with new appointments.”
- “New machinery and equipment investment included commissioning of the new Board Line (due February 2025).”
- “Plans are being prepared for automation of the EX Mortar line as demand continues to increase.”
- “Attacks targeting ships in the Red Sea have disrupted commercial shipping operations since December 2023 and continue to delay schedules adding many weeks to our deliveries.”
- “New SMART objectives were created in 2024. Also there is a drive to create an environmental and CSR strategy and mission statement.”
- “Sales turnover for 2024 increased to £24.2m (2023 £22.9m).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| NIGHTINGALE, Adam | Secretary | 2021-01-06 | — | — |
| ALLEN, David | Director | 2022-02-07 | Mar 1964 | British |
| BOGSTAD, Kjetil | Director | 2013-03-18 | Oct 1971 | Norwegian |
| FORRESTER, Wayne James | Director | 2024-01-18 | Jun 1982 | British |
| HORTON, Paul William | Director | 2022-01-27 | Oct 1982 | British |
| MCALISKEY, Catherine Mary | Director | 2022-05-23 | Jul 1989 | British |
| NIGHTINGALE, Adam | Director | 2024-01-19 | Aug 1973 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COSGROVE, Tanya Rachael | Secretary | 2003-05-01 | 2010-12-24 |
| DIXON, Christopher James | Secretary | 1993-09-21 | 2003-05-01 |
| GALLIVAN, Denis Anthony, Mr. | Secretary | 2011-04-15 | 2015-12-23 |
| HUSSAIN, Ali | Secretary | 2015-12-23 | 2020-12-09 |
| RWL REGISTRARS LIMITED | Corporate Nominee Secretary | 1993-07-26 | 1993-09-21 |
| DIXON, Christopher James | Director | 2015-02-16 | 2016-06-29 |
| DIXON, Christopher James | Director | 1993-09-21 | 2011-04-15 |
| FITZSIMONS, James Patrick | Director | 2003-10-13 | 2007-08-31 |
| HLUCHAN, Wolodymyr Iwan | Director | 2014-08-06 | 2025-10-08 |
| LOCKWOOD, Nigel | Director | 1993-09-21 | 2003-09-30 |
| PRICE, Steven Andrew Leslie | Director | 2014-05-27 | 2017-06-30 |
| SALINA, Olando Eric | Director | 2017-11-10 | 2019-02-08 |
| SMITH, Neil John | Director | 2014-08-06 | 2018-04-03 |
| SUTULIC, Andrew | Director | 1994-07-26 | 2020-01-09 |
| BONUSWORTH LIMITED | Corporate Nominee Director | 1993-07-26 | 1993-09-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Kjetil Bogstad | Individual | Significant influence | 2016-04-07 | Active |
Filing timeline
Last 20 of 136 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-26 | AA | accounts | Accounts with accounts type full | |
| 2025-08-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-28 | AA | accounts | Accounts with accounts type full | |
| 2024-01-23 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-28 | AA | accounts | Accounts with accounts type full | |
| 2023-08-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-30 | AA | accounts | Accounts with accounts type full | |
| 2022-08-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-24 | CH01 | officers | Change person director company with change date | |
| 2022-05-24 | CH01 | officers | Change person director company with change date | |
| 2022-05-24 | AP01 | officers | Appoint person director company with name date | |
| 2022-02-08 | AP01 | officers | Appoint person director company with name date | |
| 2022-01-31 | AP01 | officers | Appoint person director company with name date | |
| 2021-08-24 | AA | accounts | Accounts with accounts type full | |
| 2021-08-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-01-07 | AP03 | officers | Appoint person secretary company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.