Polar Manufacturing

Polar Manufacturing

Polar Manufacturing Ltd., designs and manufactures high quality carbon fibre and composite products for a wide range of markets.

Polar Manufacturing had grown significantly since its formation and had begun looking towards refinancing to fund the next stage in their expansion and a restructure of their business. Last year they approached Price Bailey to help.

How our services have helped

Our first task was to gain a deep understanding of the company, its structure, it goals and objectives in order to deliver the appropriate support going forward.

In addition to providing accounting and compliance services, the team got to work to produce an analysis of current and future funding needs and helped the business restructure, ensuring it was well positioned to continue with its growth plans.

As the relationship developed Price Bailey was able to advise the company in a range of areas including personal tax planning, staff incentive initiative including an EMI (Enterprise Management Incentives) share scheme and longer term funding needs.

The Price Bailey tax team was also able to support the Polar management team to secure a substantial tax claim through the R&D tax relief scheme.

As the company has continued to grow the relationship with Price Bailey has developed, with the firm advising on a two new business opportunities and supporting early stage strategic planning.

“We’ve been really impressed with the range of services and advice that the team at Price Bailey has been able to provide – from accounts compliance to advice on growth strategy through to share schemes and succession planning. In the past we’ve had to search around for additional services beyond just accounts. Now we know that if we need advice or support on any business issue we can go direct to Price Bailey for a solution.” Mike Harris, Managing Director, Polar Manufacturing Ltd