Company Overview
Reform Polythene Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 10 April 1995, so this is a well established company. Reform Polythene Limited has been in business for 30 years and 11 months. The accounts status is unaudited abridged and the accounts are next due on Wednesday 30 September 2026.
Registered Address

Stewart House, Primett Road, Stevenage, SG1 3EE
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Companies House Data
Company NameREFORM POLYTHENE LIMITED
Company Number03044343
Registered Office AddressStewart House
 Primett Road
 SG1 3EE
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date10/04/1995
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2026
Accounts Last Made Up Date31/12/2024
Accounts Account CategoryUNAUDITED ABRIDGED
Returns Next Due Date08/05/2017
Returns Last Made Up Date10/04/2016
Previous Company NameChanged Date
REFORM PLASTICS (DERBY) LIMITED30 Apr 2024
Directors & Members
Show Resigned
Hilary Stewart - Director
(British, 61 years old, born February 1965)
Appointed 29 October 2024
 Active
Secretaries
Show Resigned
Other Company Directorships
Hilary Stewart
HAPPY MECHANICS LIMITED
JOINT COLLEGES NURSERY (CAMBRIDGE) LIMITED(THE)
STEVENAGE PACKAGING LIMITED
SUSTAINABLE POLYTHENE LIMITED
TRUMPINGTON ESTATES LIMITED
UNIQUENESS LIMITED
WORLD PACKAGING LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Balance Sheet
Fixed Assets 350,234 350,234 461,957
Current Assets 2,896,576 2,896,576 2,682,931
Creditors Due Within One Year 1,565,373 1,565,373 1,552,177
Working Cap 1,331,203 1,331,203 1,130,754
Total Assets Less Current Liabilities 1,681,437 1,681,437 1,592,711
Long-term Liabilities 351,714 351,714 414,241
Net Assets 1,329,723 1,329,723 1,178,470
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 1,329,723 1,329,723 1,178,470
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Tangible Fixed Assets - - -
Fixed Assets 10.8% 10.8% 14.7%
Stocks Inventory - - -
Debtors 55.7% 55.7% 53.5%
Cash Bank In Hand 14.9% 14.9% 10.8%
Current Assets 89.2% 89.2% 85.3%
Creditors Due Within One Year 48.2% 48.2% 49.4%
Net Current Assets Liabilities 41.0% 41.0% 36.0%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 41.0% 41.0% 37.5%
Capital Employed - - -
Total Assets Less Current Liabilities 51.8% 51.8% 50.6%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Liquidity Ratio 1.9 1.9 1.7
Solvency Ratio 1.7 1.7 1.6
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 3
Mortgages Outstanding 1
Mortgages Part Satisfied 0
Mortgages Satisfied 2
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Assets 3,246,810 3,246,810 3,144,888
Debt 1,917,087 1,917,087 1,966,418
Net Assets/Debt 1,329,723 1,329,723 1,178,470

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Registered office address changed from Stewart House Primett Road Stevenage SG1 3EE England to 2nd Floor, Churchill House 26-30 Upper Marlborough Road St Albans AL1 3UU on 1 April 2026
Appointment of an administrator
Confirmation statement made on 10 April 2025 with updates
Termination of appointment of Robert John Stewart as a director on 29 October 2024
Appointment of Mrs Hilary Stewart as a director on 29 October 2024
Cessation of World Packaging Limited as a person with significant control on 29 October 2024
Notification of Genetics Gymnasium Ltd as a person with significant control on 29 October 2024
Certificate of change of name
Confirmation statement made on 10 April 2024 with no updates
Confirmation statement made on 10 April 2023 with no updates
Previous accounting period extended from 31 July 2021 to 31 December 2021
Confirmation statement made on 10 April 2022 with updates
Registered office address changed from Oakhurst House 57 Ashbourne Road Derby Derbyshire DE22 3FS to Stewart House Primett Road Stevenage SG1 3EE on 7 February 2022
Appointment of Mr Robert John Stewart as a director on 1 June 2021
Notification of World Packaging Limited as a person with significant control on 1 June 2021
Cessation of David Eric Waller as a person with significant control on 1 June 2021
Termination of appointment of Kay Waller as a director on 1 June 2021
Termination of appointment of David Eric Waller as a secretary on 1 June 2021
Termination of appointment of David Eric Waller as a director on 1 June 2021
Confirmation statement made on 10 April 2021 with updates
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