How much does Polymermedics Limited make?

Polymermedics Limited reported revenue of £9.4m and a loss of £236k in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Polymermedics Limited have?

Polymermedics Limited reported an average of 67 employees in the year to 31 Dec 2024.

Is Polymermedics Limited profitable?

No — Polymermedics Limited reported a loss of £236k in the year to 31 Dec 2024.

Company No. 07559870 · Incorporated 10 Mar 2011

Polymermedics Limited

Registered name: POLYMERMEDICS LIMITED

Polymermedics Limited made £9.4m revenue and a £236k loss in the year to 31 Dec 2024.

Polymermedics Limited’s revenue was £9.4m in the year to 31 Dec 2024, with a loss of £236k and 67 employees. The company is classified under “manufacture of other plastic products” and is based in ST Austell; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 22290Manufacture of other plastic products

Status: Active
Location: ST Austell, South West
Age: 15 yrs · since 2011
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. From the filing: “Gamma Beteiligungsgesellschaft GmbH,”

Latest accounts · year to 31 Dec 2024

Key figures

Cash flow filed

Revenue

£9.4m

Growth —

Profit

−£236k

Growth ▼115.3%

Profit margin

−2.5%

Gross 31.3%

Employees

Change ▲1.5%

Profit / employee

−£3.5k

Revenue/employee £140k

Profitable streak

0yrs

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 Dec 2021	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	No P&L	No P&L	Profit only	Full P&L
Profit & loss
Revenue (turnover)	—	—	—	£9.4m
Cost of sales	—	—	—	£6.5m
Gross profit	—	—	—	£2.9m
Operating profit	—	—	—	£509k
Profit before tax	—	—	£1.5m	−£215k
Profit after tax	—	—	—	−£236k
Profit (best available)	—	—	£1.5m	−£236k
Staff costs	—	—	£2.3m	£2.5m
Employees (average)	70	71	66	67
Ratios
Profit margin	—	—	—	−2.5%
Gross margin	—	—	—	31.3%
Revenue per employee	—	—	—	£140k
Profit per employee	—	—	£23.3k	−£3.5k
Cash conversion	—	—	—	522.5%
Growth (year on year)
Profit growth	—	—	—	▼115.3%
Headcount growth	—	▲1.4%	▼7%	▲1.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£586k	£903k	—	£1.8m
Net assets	£1.7m	£6.5m	—	£7.4m
Fixed assets	£1.4m	£1.3m	£1.5m	£1.8m
Current assets	£2.7m	£9.6m	—	£10.6m
Debtors	£914k	£441k	£935k	£1.4m
Cash from operations	—	—	—	£2.7m
Source	Accounts · bulk data Jan 2024	Accounts · bulk data Jan 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2025

Derived from the latest filing

How the business works

Profit margin: −2.5%; Profit ÷ revenue.
Gross margin: 31.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £140k; Revenue ÷ average employees.
Profit per employee: −£3.5k; Profit ÷ average employees.
Cash conversion: 522.5%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 19%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 14.9%; 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 £7.4m
Cash at bank: —; Now £1.8m
Headcount: ▲2%; Now 67
Deferred income: —; Now —
Fixed assets: ▲22%; Now £1.8m

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£236k), from the Companies House accounts bulk data published Sep 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.