PLASCOAT SYSTEMS LIMITED
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Cash
£386K
-13.1% vs 2024
Net assets
£5.6M
+16.7% vs 2024
Employees
28
-9.7% lowest in 5 filed years
Profit before tax
£1.4M
+528.6% highest in 5 filed years
Net assets
5-year trend · vs Basic Materials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | £12,001,000 | £12,715,000 | £11,765,000 | -7.5% | |
| Operating profit | — | — | -£277,000 | -£147,000 | £1,490,000 | +1,113.6% | |
| Profit before tax | -£378,000 | £490,000 | -£551,000 | -£315,000 | £1,350,000 | +528.6% | |
| Net profit | -£65,000 | £164,000 | -£878,000 | -£644,000 | £1,003,000 | +255.7% | |
| Cash | £4,055,000 | £536,000 | £158,000 | £444,000 | £386,000 | -13.1% | |
| Total assets less current liabilities | £13,315,000 | £12,248,000 | £10,385,000 | £8,513,000 | £8,427,000 | -1% | |
| Net assets | £5,097,000 | £5,738,000 | £4,921,000 | £4,762,000 | £5,558,000 | +16.7% | |
| Equity | £5,097,000 | £5,738,000 | £4,921,000 | £4,762,000 | £5,558,000 | +16.7% | |
| Average employees | 32 | 31 | 30 | 31 | 28 | -9.7% | |
| Wages | £1,162,000 | £1,290,000 | £1,369,000 | £1,325,000 | £1,321,000 | -0.3% | |
| Directors' remuneration | — | — | — | — | — | — |
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 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | -2.3% | -1.2% | 12.7% | |
| Net margin | — | — | -7.3% | -5.1% | 8.5% | |
| Return on capital employed | — | — | -2.7% | -1.7% | 17.7% | |
| Gearing (liabilities / total assets) | — | — | — | 54.1% | 52.8% | |
| Current ratio | — | — | 5.26x | 3.67x | 2.01x | |
| Interest cover | — | — | -0.98x | -0.68x | 9.09x |
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 2 times since incorporation
- PLASCOAT SYSTEMS LIMITED 2003-01-17 → present
- PLASCOAT U.K. LIMITED 1980-12-31 → 2003-01-17
- PLASTIC COATINGS LIMITED 1952-12-29 → 1980-12-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Johnston Carmichael LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. In reaching this conclusion, they have prepared trading forecasts for the period to 31 December 2027 and are satisfied that the company has sufficient financial resources to continue to operate and meet its liabilities as they fall due, for a period of at least 12 months from the date of signing these financial statements.”
Group structure
- PLASCOAT SYSTEMS LIMITED · parent
- Plascoat Corp 100%
- Plascoat Europe BV 100%
- Plascoat Holdings Limited 100%
- Plascoat Inc 100%
- Plastic Coatings Holdings Europe BV 100%
Significant events
- “Akzo Nobel N.V. ("Akzo Nobel") and Axalta Coating Systems Limited have entered into an agreement to combine in an all-stock merger of equals, expected to complete in late 2026 or 2027, subject to approval.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DOLAN, Farrell | Director | 2019-06-24 | Dec 1969 | British |
| RIDDEX, Michael Anthony | Director | 2025-07-08 | Oct 1969 | British |
| YOUENS, Laura Michele | Director | 2025-03-28 | Feb 1983 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BILHAM, Keith John | Secretary | 2004-12-24 | 2017-08-14 |
| ELKIN, George Frank | Secretary | 1996-04-23 | 2004-12-24 |
| INVENSYS SECRETARIES LIMITED | Corporate Secretary | — | 1996-04-23 |
| BENSON, Patrick | Director | 2003-03-31 | 2017-08-14 |
| BILHAM, Keith John | Director | 2001-12-19 | 2017-08-14 |
| BLENKINSOPP, James Ian | Director | 2017-08-14 | 2025-03-28 |
| BROWN, Robert Casson | Director | 1993-06-07 | 1996-04-23 |
| DAVIS, Michael Keith | Director | 2017-08-14 | 2019-06-24 |
| DUNNETT, Christopher Frederic | Director | 1994-04-07 | 2013-07-30 |
| ELKIN, George Frank | Director | — | 2003-03-31 |
| STOKE, Jeremy Michael | Director | 2007-06-13 | 2017-08-14 |
| THOM, James Demmink | Director | — | 1996-04-23 |
| WALTERS, Harold Edward | Director | — | 1996-04-23 |
| WILLIAMS, Stanley Killa | Director | — | 1993-06-08 |
| WILSON, David John | Director | — | 1994-04-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Axalta Coating Systems Uk Holding Limited | Corporate entity | Shares 75–100% | 2017-08-14 | Active |
| International Process Technologies Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2017-08-14 |
Filing timeline
Last 20 of 205 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-08 | AA | accounts | Accounts with accounts type full | |
| 2026-03-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-22 | AA | accounts | Accounts with accounts type full | |
| 2025-07-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-19 | AA | accounts | Accounts with accounts type full | |
| 2024-03-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-12 | AA | accounts | Accounts with accounts type full | |
| 2023-04-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-04-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-03-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-19 | AA | accounts | Accounts with accounts type full | |
| 2022-03-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-05 | AA | accounts | Accounts with accounts type full | |
| 2021-04-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-08-28 | AA | accounts | Accounts with accounts type full | |
| 2020-03-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-07-08 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 0
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.