PZ CUSSONS PLC
Listed on the London Stock Exchange, this British consumer goods manufacturer produces personal care, beauty, and hygiene products under well-known brands including Imperial Leather, Carex, Original Source, and St.Tropez.
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Cash
£52m
+15.1% highest in 3 filed years
Net assets
£242m
+13.4% highest in 3 filed years
Employees
2,041
-15.3% lowest in 3 filed years
Profit before tax
£77m
+1,090.8% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-05-31
| Metric | Trend | 2024-05-31 | 2025-05-31 | 2026-05-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £527,900,000 | £513,800,000 | £541,400,000 | +5.4% | |
| Operating profit | -£83,700,000 | £20,600,000 | £86,800,000 | +321.4% | |
| Profit before tax | -£95,900,000 | £6,500,000 | £77,400,000 | +1,090.8% | |
| Net profit | -£71,800,000 | -£5,200,000 | £28,400,000 | +646.2% | |
| Cash | £51,300,000 | £45,100,000 | £51,900,000 | +15.1% | |
| Total assets less current liabilities | £459,200,000 | £374,900,000 | £317,500,000 | -15.3% | |
| Net assets | £235,200,000 | £213,500,000 | £242,100,000 | +13.4% | |
| Equity | £235,200,000 | £213,500,000 | £242,100,000 | +13.4% | |
| Average employees | 2,567 | 2,411 | 2,041 | -15.3% | |
| Wages | £69,200,000 | £64,600,000 | £65,400,000 | +1.2% | |
| Directors' remuneration | £1,770,404 | £1,819,893 | — | — | |
| Directors' pension contributions | £93,574 | £97,120 | — | — | |
| Highest paid director | £747,870 | £2,000,000 | £2,400,000 | +20% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-05-31 | 2025-05-31 | 2026-05-31 |
|---|---|---|---|---|
| Operating margin | -15.9% | 4.0% | 16.0% | |
| Net margin | -13.6% | -1.0% | 5.2% | |
| Return on capital employed | -18.2% | 5.5% | 27.3% | |
| Gearing (liabilities / total assets) | 63.8% | 65.3% | 59.3% | |
| Current ratio | 1.17x | 1.51x | 1.40x | |
| Interest cover | -3.46x | 1.14x | 6.78x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- PZ CUSSONS PLC 2002-05-31 → present
- PATERSON ZOCHONIS PUBLIC LIMITED COMPANY 1884-02-20 → 2002-05-31
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“the Directors have a reasonable expectation that the Company and the Group will be able to continue in operation and meet all its liabilities as they fall due up to may 2031.”
Group structure
- PZ CUSSONS PLC · parent
- PZ Cussons (Holdings) Pty Limited 100%
- PZ Cussons Australia Pty Limited 100%
- PZ Cussons Beauty Australia (Holdings) Pty Limited 100%
- Rafferty's Garden Pty Limited 100%
- United Laboratories Limited 100%
- PZ Cussons (New Zealand) Pty Limited 100%
- Paterson Services (Shanghai) Limited 100%
- Bronson Holdings Limited 100%
- Milk Ventures (UK) Limited 100%
- PZ Cussons (Africa Holdings) Limited 100%
- PZ Cussons (Holdings) Limited 100%
- PZ Cussons (International Finance) Limited 100%
- PZ Cussons (International) Limited 100%
- PZ Cussons (UK) Limited 100%
- PZ Cussons Beauty LLP 100%
- Seven Scent Limited 100%
- St. Tropez Acquisition Co. Limited 100%
- St. Tropez Holdings Limited 100%
- St. Tropez Operations Limited 100%
- Thermocool Engineering Company Limited 100%
- PZ Cussons Acquisition Co Limited 100%
- Tadley Holdings Limited 100%
- Childs Farm Ltd 100%
- PZ Cussons Ghana PLC 100%
- PZ Cussons (Hong Kong) Limited 100%
- PZ Cussons India PVT Limited 100%
- PT PZ Cussons Indonesia 100%
- PZ Cussons (Europe) Limited 100%
- Childs Farm Europe Ltd 100%
- PZ Cussons East Africa Limited 99.99%
- Food For Life International Limited 99.99%
- Harefield Industrial Nigeria Limited 99.99%
- HPZ Limited 74.99%
- Nutricima Limited 99.99%
- PZ Cussons Nigeria PLC 73.27%
- Roberts Pharmaceuticals Limited 100%
- PZ Cussons Polska S.A. 100%
- PZ Cussons Singapore Private Limited 100%
- Guardian Holdings Company Limited 49%
- PZ Cussons (Thailand) Limited 99.99%
- PZ Cussons Middle East and South Asia FZE 100%
- St. Tropez Inc. 100%
- Childs Farm, Inc. 100%
Significant events
- “Disposal of 50% stake in PZ Wilmar joint venture during the year.”
- “Refinanced credit facilities in June 2026, entering into a new £225.0 million Revolving Credit Facility.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 50 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MOUSTAFA, Kareem | Secretary | 2024-08-01 | — | — |
| ADEBAJO, Adepeju | Director | 2026-10-01 | Aug 1966 | British |
| AHUJA, Vivek Gopaldas | Director | 2024-05-01 | Sep 1966 | Singaporean |
| BASHFORTH, Ann Kirsty | Director | 2019-11-01 | Jan 1970 | British |
| BRAMALL, Janine | Director | 2026-03-23 | Oct 1972 | British |
| MILES, Sarah | Director | 2026-10-01 | Jun 1972 | British |
| MYERS, Jonathan Charles | Director | 2020-05-01 | Apr 1969 | British |
| TYLER, David | Director | 2022-11-24 | Jan 1953 | British |
Show 50 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HARRISON, Thomas Frederick George | Secretary | — | 2001-12-31 |
| LEIGH, Brandon Howard | Secretary | 2004-02-23 | 2008-08-31 |
| MASSIE, Kevin Michael | Secretary | 2020-06-01 | 2024-08-01 |
| MCDERMOTT, Alaric Paul | Secretary | 2002-12-01 | 2004-02-23 |
| PLANT, Simon Paul | Secretary | 2008-09-01 | 2020-05-31 |
| SMITH, Ruston Arthur Mark | Secretary | 2002-01-01 | 2002-11-30 |
| ARNOLD, John Andre, Professor | Director | 2007-01-01 | 2016-12-31 |
| CALDER, Archibald Graham | Director | 1998-04-01 | 2010-03-31 |
| DAVIS, Chris | Director | 2006-01-01 | 2017-09-27 |
| EDOZIEN, Ngozi | Director | 2012-01-01 | 2017-09-27 |
| GIANNOPOULOS, John | Director | — | 1992-05-05 |
| GIOURAS, Panayiotis | Director | — | 2001-05-31 |
| GODWIN, David Christopher | Director | 1998-10-01 | 2005-09-30 |
| GREEN, Anthony John | Director | — | 2010-06-30 |
| GREEN, Christopher Nigel | Director | — | 2006-05-31 |
| GRIMWOOD, Paul | Director | 2019-11-01 | 2020-04-30 |
| HARRISON, Thomas Frederick George | Director | 1993-10-26 | 2001-12-31 |
| HARVEY, Richard John | Director | 2010-01-01 | 2016-12-31 |
| HEALE, Simon John Newton | Director | 2008-01-01 | 2013-12-31 |
| HERBERT, Keith | Director | — | 1999-03-31 |
| HUNTER, David Ian | Director | 1994-01-01 | 1998-12-31 |
| JUAREZ, Valeria | Director | 2021-09-22 | 2026-10-01 |
| KANELLIS, Anthony George | Director | — | 1994-12-31 |
| KANELLIS, George Alexander | Director | 2003-06-01 | 2020-01-31 |
| KUCZ, Dariusz | Director | 2018-05-01 | 2023-09-14 |
| LEE, John Robert Louis, Lord Lee Of Trafford | Director | — | 2000-12-31 |
| LEIGH, Brandon Howard | Director | 2006-01-01 | 2019-06-13 |
| LEWIS, Derek William | Director | 2004-06-01 | 2012-09-19 |
| LOUDIADIS, Lycourgos | Director | — | 1995-12-31 |
| LOUPOS, George Anargyros | Director | — | 1996-05-31 |
| MAIDEN, Jeremy Kim | Director | 2016-11-01 | 2020-05-31 |
| MINICK-SCOKALO, Tamara Lee | Director | 2018-05-01 | 2020-11-26 |
| NICOLOULIAS, Constantin | Director | 2000-06-01 | 2007-05-31 |
| NICOLSON, John Ross | Director | 2016-05-01 | 2024-11-21 |
| OWERS, Helen | Director | 2012-01-01 | 2020-11-26 |
| PANTELIREIS, John | Director | 2005-06-01 | 2013-03-31 |
| POLLARD, Sarah | Director | 2021-01-04 | 2026-02-13 |
| ROGERS, William Scofield | Director | 1997-01-01 | 2004-05-31 |
| SELLERS, Rodney Horrocks | Director | 2000-01-01 | 2007-05-31 |
| SILVER, Caroline Louise | Director | 2014-04-01 | 2023-03-23 |
| SMITH, James David Michael | Director | 2000-03-01 | 2008-05-31 |
| SMYTH, Philip Jonathan | Director | 1998-06-01 | 2007-05-31 |
| SODHA, Jitesh Himatlal | Director | 2021-07-01 | 2026-10-01 |
| SPYRIDOULIAS, John | Director | 1996-01-01 | 2006-02-28 |
| STEEL, James Thomas Jordan | Director | 2005-10-01 | 2014-12-23 |
| TOWNSEND, Jeremy Charles Douglas | Director | 2020-04-01 | 2024-02-28 |
| WHITEWOOD, David Malcolm | Director | 2002-06-01 | 2005-05-31 |
| WHITTAKER, Alan | Director | — | 1998-05-31 |
| WILTSHIRE, Stanley William | Director | — | 1997-05-31 |
| ZOCHONIS, John Basil, Sir | Director | — | 1993-12-06 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 348 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-10-13 RESOLUTIONS Resolution
- 2025-11-26 RESOLUTIONS Resolution
- 2024-11-23 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-14 | AA | accounts | Accounts with accounts type group | |
| 2026-10-13 | RESOLUTIONS | resolution | Resolution | |
| 2026-10-04 | AP01 | officers | Appoint person director company with name date | |
| 2026-10-04 | AP01 | officers | Appoint person director company with name date | |
| 2026-10-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-10-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-23 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-12 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-12-10 | CH01 | officers | Change person director company with change date | |
| 2025-11-26 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-30 | AA | accounts | Accounts with accounts type group | |
| 2025-03-06 | CH01 | officers | Change person director company with change date | |
| 2024-12-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-23 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-30 | AA | accounts | Accounts with accounts type interim | |
| 2024-10-25 | AA | accounts | Accounts with accounts type group | |
| 2024-10-08 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 3
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.