How much does Polar (N.e.) Limited make?

Polar (N.e.) Limited reported revenue of £8.7m and £735k profit in the year to 30 Apr 2025, according to its accounts filed at Companies House.

How many employees does Polar (N.e.) Limited have?

Polar (N.e.) Limited reported an average of 45 employees in the year to 30 Apr 2025.

Is Polar (N.e.) Limited profitable?

Yes — Polar (N.e.) Limited reported a profit of £735k in the year to 30 Apr 2025.

Company No. 01740670 · Incorporated 19 Jul 1983

Polar (N.e.) Limited

Registered name: POLAR (N.E.) LIMITED

Part of Hill Baxter Group Ltd group

Polar (N.e.) Limited made £8.7m revenue and £735k profit in the year to 30 Apr 2025.

Polar (N.e.) Limited’s revenue was £8.7m in the year to 30 Apr 2025, with £735k profit and 45 employees. The company is classified under “glazing” and is based in Middlesbrough; we hold 4 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43342Glazing

Status: Active
Location: Middlesbrough, North East
Age: 43 yrs · since 1983
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 30 Apr 2025

Key figures

Capital-lightCash flow filed

Revenue

£8.7m

Growth —

Profit

£735k

Growth —

Profit margin

8.5%

Gross 43.6%

Employees

Change —

Profit / employee

£16.3k

Revenue/employee £192k

Profitable streak

1yr

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Oct 2021	31 Oct 2022	30 Apr 2024	30 Apr 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£11.5m	£11.7m	£16.5m	£8.7m
Cost of sales	£7.4m	£8.2m	£12.1m	£4.9m
Gross profit	£4m	£3.5m	£4.4m	£3.8m
Operating profit	£1m	−£313k	−£364k	£1.3m
Profit before tax	£972k	−£361k	−£663k	£979k
Profit after tax	£858k	−£157k	−£341k	£735k
Profit (best available)	£858k	−£157k	−£341k	£735k
Staff costs	£2.8m	£3.2m	£4.3m	£2.1m
Employees (average)	76	81	67	45
Ratios
Profit margin	7.5%	−1.3%	−2.1%	8.5%
Gross margin	35.2%	29.6%	26.8%	43.6%
Revenue per employee	£151k	£144k	£246k	£192k
Profit per employee	£11.3k	−£1.9k	−£5.1k	£16.3k
Cash conversion	−49.5%	—	—	−91.1%
Growth (year on year)
Revenue growth	—	▲1.9%	—	—
Profit growth	—	▼118.3%	—	—
Headcount growth	—	▲6.6%	—	—
Balance sheet — indirect signals, not revenue
Cash at bank	£168k	£101k	£168k	£433k
Net assets	£941k	£749k	−£257k	£479k
Fixed assets	£227k	£210k	£196k	£204k
Current assets	£3.5m	£4.5m	£2.8m	£2.6m
Debtors	£1.2m	£141k	£1.3m	£1.1m
Deferred income	£0	£123k	£191k	£0
Cash from operations	−£506k	£152k	£327k	−£1.2m
Source	Accounts · bulk data Oct 2023	Accounts · bulk data Oct 2023	FullAccounts · bulk data Aug 2025	FullAccounts · bulk data Aug 2025

Derived from the latest filing

How the business works

Profit margin: 8.5%; Profit ÷ revenue.
Gross margin: 43.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £192k; Revenue ÷ average employees.
Profit per employee: £16.3k; Profit ÷ average employees.
Cash conversion: −91.1%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 12.7%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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 £479k
Cash at bank: —; Now £433k
Headcount: —; Now 45
Deferred income: —; Now £0
Fixed assets: —; Now £204k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Hill Baxter Group Ltdultimate parent50–75%
Polar (N.e.) Limitedthis company

Bands show the share of ownership each company holds in the one below it.

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Apr 2025 (profit £735k), from the Companies House accounts bulk data published Aug 2025. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.