POLYN TECHNOLOGY LIMITED Financials
- Company number
- 11951258CopyCopy
- Registered office
- 1st Floor Waterside House, Waterside Drive, Wigan WN3 5AZ
- Incorporated
- 17/04/2019
Company snapshot
- Status
- Active
- Employees
- 12 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-1.02K%vs 20232023: £-398.83K
Total Assets
10.19%vs 20232023: £1.41M
Cash in Bank
48.40%vs 20232023: £82.37K
Total Liabilities
237.16%vs 20232023: £1.78M
Employees
+1vs 20232023: 11
In 2024, POLYN TECHNOLOGY LIMITED reported net assets of £-4.48M. The same filing shows total assets of £1.55M, cash in bank of £122.24K and total liabilities of £6.01M. Reported headcount was 12 in 2024. Total Liabilities rose from £1.78M in 2023 to £6.01M in 2024 (237.16%). Okredo holds filed figures for 2021–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-1.02K%from £-398.83K in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures POLYN TECHNOLOGY LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-259%vs 2022Cash in Bank
-96.1%vs 2022-80.3% a year compound (CAGR)
Total Assets
-60.7%vs 2022-37.3% a year compound (CAGR)
Total Liabilities
+443%vs 2022+133% a year compound (CAGR)
Employees
+50%vs 2022+4Biggest increase
Total Liabilities+443%
£1.11M in 2022 to £6.01M in 2024
Biggest decrease
Net Assets-259%
£2.83M in 2022 to £-4.48M in 2024
POLYN TECHNOLOGY LIMITED's filings pull in both directions between 2022 and 2024. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, set against a fall in net assets, pointing to a weakening balance sheet. See the full year-by-year figures.
Ratios from the filed figures
Calculated from POLYN TECHNOLOGY LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- -289.29%2024
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 387.87%2024
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 2.03%2024
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 7.89%2024
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for POLYN TECHNOLOGY LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 54.32K | 2.83M | -398.83K | -4.48M |
| Total Assets£ | 122.58K | 3.94M | 1.41M | 1.55M |
| Cash in Bank£ | – | 3.15M | 82.37K | 122.24K |
| Total Liabilities£ | 58.00K | 1.11M | 1.78M | 6.01M |
| Employees | 6 | 8 | 11 | 12 |
POLYN TECHNOLOGY LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for POLYN TECHNOLOGY LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
POLYN TECHNOLOGY LIMITED reported net assets of £-4.48M for 2024. That compares with £-398.83K in 2023, a change of -1.02K%.
POLYN TECHNOLOGY LIMITED reported total assets of £1.55M for 2024. That compares with £1.41M in 2023, a change of 10.19%.
POLYN TECHNOLOGY LIMITED reported cash in bank of £122.24K for 2024. That compares with £82.37K in 2023, a change of 48.40%.
POLYN TECHNOLOGY LIMITED reported 12 employees in 2024, compared with 11 in 2023.
Between 2022 and 2024, POLYN TECHNOLOGY LIMITED's net assets fell by 259%, cash in bank fell by 96.1%, total assets fell by 60.7% and total liabilities rose by 443%. Cash in bank contracted at 80.3% a year across the two years to 2024, from £3.15M to £122.24K. Reported headcount went from 8 in 2022 to 12 in 2024 (+4).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.