R3 Polygon UK Ltd.
Registered name: R3 POLYGON UK LTD.
Part of Polygon International Ab groupR3 Polygon UK Ltd. made £49.2m revenue and a £9.2m loss in the year to 31 Dec 2024.
R3 Polygon UK Ltd.’s revenue grew 5% to £49.2m in the year to 31 Dec 2024, with a loss of £9.2m and 439 employees. The company is classified under “other specialised construction activities” and is based in Huntingdon; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Huntingdon
- Age
- 80 yrs · since 1946
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £34m | £47m | £49.2m |
| Cost of sales | −£24.3m | −£40.4m | −£42.4m |
| Gross profit | £9.7m | £6.6m | £6.8m |
| Operating profit | −£1.8m | −£30.5m | −£4.8m |
| Profit before tax | −£1.7m | −£31.9m | −£9.6m |
| Profit after tax | −£2.1m | −£31.5m | −£9.2m |
| Profit (best available) | −£2.1m | −£31.5m | −£9.2m |
| Employees (average) | 350 | 454 | 439 |
| Ratios | |||
| Profit margin | −6.2% | −67.1% | −18.8% |
| Gross margin | 28.6% | 14% | 13.9% |
| Revenue per employee | £97.1k | £104k | £112k |
| Profit per employee | −£6k | −£69.5k | −£21k |
| Growth (year on year) | |||
| Revenue growth | — | ▲38.3% | ▲4.7% |
| Headcount growth | — | ▲29.7% | ▼3.3% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Mar 2025 | Accounts · bulk data Mar 2025 | Accounts · bulk data Oct 2025 |
How the business works
- Profit margin
- −18.8%
- Profit ÷ revenue.
- Gross margin
- 13.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £112k
- Revenue ÷ average employees.
- Profit per employee
- −£21k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▼3%
- Now 439
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Polygon International Ab (registered outside the UK register)ultimate parent75–100%
- R3 Polygon UK Ltd.this company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (7)
- Neways Associates LimitedRev. £11.3m · Profit −£1.2m
- Ark and General LimitedFigures not disclosed
- Harwell Technical Services LimitedFigures not disclosed
- Polygon Damage Control LimitedFigures not disclosed
- Polygon Digital Solutions LtdFigures not disclosed
- Polygon Ireland LimitedFigures not disclosed
- The Plastic Surgeon Holdings LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit −£9.2m), from the Companies House accounts bulk data published Oct 2025. Spotted an error? Request a correction.
Updated from Companies House on 22 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.