Company Overview
Polytech It Ltd is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Thursday 01 October 2020. Polytech It Ltd has been in business for 5 years and 6 months. The accounts status is total exemption full and the accounts are next due on Friday 31 July 2026.
Registered Address

Unit 7 Hainge Park, Hainge Road, Oldbury, West Midlands, B69 2NU
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Companies House Data
Company NamePOLYTECH IT LTD
Company Number12919624
Registered Office AddressUnit 7 Hainge Park
 Hainge Road
 B69 2NU
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date01/10/2020
Accounting Reference Date Day31
Accounting Reference Date Month10
Accounts Next Due Date31/07/2026
Accounts Last Made Up Date31/10/2024
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date29/10/2021
Directors & Members
Show Resigned
Jimneet Bhui - Director
(British, 47 years old, born June 1979)
Appointed 01 October 2020
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Jimneet Bhui
EV MOB LTD
HIMLEY GREEN LIMITED
MAYSWOOD INVESTMENTS LTD
NIPPYSHOP LTD
PROGUARDE LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Balance Sheet
Fixed Assets 821 821 0
Current Assets 71,330 71,330 33,562
Creditors Due Within One Year 25,704 25,704 14,624
Working Cap 45,626 45,626 18,938
Total Assets Less Current Liabilities 46,447 46,447 18,938
Long-term Liabilities 156 156 0
Net Assets 46,291 46,291 18,938
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 46,291 46,291 18,938
Common Size Financial Analysis Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Tangible Fixed Assets - - -
Fixed Assets 1.1% 1.1% 0.0%
Stocks Inventory - - -
Debtors 39.1% 39.1% 51.4%
Cash Bank In Hand 59.7% 59.7% 48.6%
Current Assets 98.9% 98.9% 100.0%
Creditors Due Within One Year 35.6% 35.6% 43.6%
Net Current Assets Liabilities 63.2% 63.2% 56.4%
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 64.2% 64.2% 56.4%
Capital Employed - - -
Total Assets Less Current Liabilities 64.4% 64.4% 56.4%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Liquidity Ratio 2.8 2.8 2.3
Solvency Ratio 2.8 2.8 2.3
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Assets 72,151 72,151 33,562
Debt 25,860 25,860 14,624
Net Assets/Debt 46,291 46,291 18,938

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. The balance sheet presents modest net assets. 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. The balance sheet presents modest net assets. 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. The balance sheet presents modest net assets. 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
Confirmation statement made on 18 March 2026 with no updates
Confirmation statement made on 23 March 2025 with updates
Termination of appointment of Adamneet Singh Bhui as a director on 15 March 2025
Confirmation statement made on 23 March 2024 with no updates
Termination of appointment of Jack James Bayliss as a director on 24 April 2023
Confirmation statement made on 23 March 2023 with no updates
Termination of appointment of Harpinder Kaur Dhillon-Lally as a director on 19 July 2022
Confirmation statement made on 23 March 2022 with no updates
Confirmation statement made on 23 March 2021 with updates
Appointment of Mrs Harpinder Kaur Dhillon-Lally as a director on 1 December 2020
Termination of appointment of Gurjeet Singh as a director on 1 December 2020
Change of details for Mr Jimneet Singh Bhui as a person with significant control on 1 December 2020
Cessation of Adamneet Singh Bhui as a person with significant control on 1 December 2020
Cessation of Jack James Bayliss as a person with significant control on 1 December 2020
Appointment of Mr Gurjeet Singh as a director on 1 December 2020
Registered office address changed from Polytech It Ltd Unit 7 Hainge Park Hainge Road Oldbury West Midlands B69 2NU England to Unit 7 Hainge Park Hainge Road Oldbury West Midlands B69 2NU on 4 November 2020
Registered office address changed from Unit 7 Hainge Park Hainge Road Tividale Oldbury B69 2NU England to Polytech It Ltd Unit 7 Hainge Park Hainge Road Oldbury West Midlands B69 2NU on 4 November 2020
Change of details for Mr Jimneet Singh Bhui as a person with significant control on 1 October 2020
Registered office address changed from Unit 7 Hainge Park Hainge Road Tividale Oldbury B69 2NU England to Unit 7 Hainge Park Hainge Road Tividale Oldbury B69 2NU on 30 October 2020
Director's details changed for Mr Jimneet Singh Bhui on 1 October 2020
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