GLENCORE UK LTD.
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Cash
£3.4m
USD 4,579,000
-15.9% vs 2024
Net assets
£173m
USD 233,014,000
-3.7% vs 2024
Employees
531
-0.4% vs 2024
Profit before tax
-£909k
USD -1,225,000
-122.7% vs 2024
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £182,256,040 | £216,524,196 | £207,506,494 | -4.2% | |
| Operating profit | £820,521 | £9,868,672 | £3,719,481 | -62.3% | |
| Profit before tax | -£4,766,238 | £4,004,298 | -£909,091 | -122.7% | |
| Net profit | -£6,074,678 | £6,034,702 | -£6,051,948 | -200.3% | |
| Cash | £575,777 | £4,040,115 | £3,398,145 | -15.9% | |
| Total assets less current liabilities | £244,566,991 | £249,003,502 | £228,575,139 | -8.2% | |
| Net assets | £157,783,182 | £179,634,670 | £172,923,191 | -3.7% | |
| Equity | £157,783,182 | £179,634,670 | £172,923,191 | -3.7% | |
| Average employees | 485 | 533 | 531 | -0.4% | |
| Wages | £87,438,029 | £113,947,787 | £107,206,679 | -5.9% | |
| Directors' remuneration | £3,294,634 | £1,423,910 | £1,289,054 | -9.5% | |
| Directors' pension contributions | £126,294 | £43,776 | £43,043 | -1.7% | |
| Highest paid director | £1,366,489 | £1,423,910 | £1,289,054 | -9.5% |
Figures converted to GBP from USD at 0.742 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 0.5% | 4.6% | 1.8% | |
| Net margin | -3.3% | 2.8% | -2.9% | |
| Return on capital employed | 0.3% | 4.0% | 1.6% | |
| Gearing (liabilities / total assets) | 64.3% | 61.2% | 58.3% | |
| Current ratio | 1.55x | 1.55x | 1.62x | |
| Interest cover | 0.15x | 1.67x | 0.80x |
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
- GLENCORE UK LTD. 1994-09-01 → present
- MARC RICH & CO. LIMITED 1974-05-20 → 1994-09-01
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Through the existing trading facilitation agreements, which the Directors expect to continue for the foreseeable future, a period not less than 12 months from the date of this report, the Company has access to the Group's committed funding and liquidity lines.”
Group structure
- GLENCORE UK LTD. · parent
- Glencore Commodities Ltd 100%
- Glencore Energy UK Ltd 100%
- Glencore Shipping Limited 100%
- Glencore Energy Europe B.V. 100%
- GENUK Services Nigeria Limited 100%
Significant events
- “During the year, the Company approved the acquisition of a 100% subsidiary and a 50% joint venture, pursuant to two separate share purchase agreements that were entered into between the Company and its immediate parent company, Glencore International AG.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DUBROVSKA, Kateryna | Secretary | 2024-05-23 | — | — |
| BAILLY, Leo-Paul | Director | 2026-04-07 | Oct 1985 | French |
| BLOUNT, Warren Michael | Director | 2017-11-22 | Aug 1973 | British |
| BULLEN, Louise Jayne | Director | 2018-03-19 | May 1979 | British |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOXER, James Michael John | Secretary | — | 2000-03-14 |
| DILWORTH, Eoin | Secretary | 2008-04-01 | 2012-09-20 |
| HINKS, Matthew | Secretary | 2012-09-20 | 2015-09-25 |
| REID, Nicholas James | Secretary | 2015-09-25 | 2024-05-23 |
| SMITH, Colin Richard | Secretary | 2000-03-14 | 2008-08-28 |
| BEARD, Alexander Frank | Director | 2007-01-01 | 2019-06-30 |
| DAUPHIN, Claude | Director | 1991-12-16 | 1992-07-09 |
| DESTRIBATS, Frank Emmanuel | Director | 2005-09-01 | 2007-01-31 |
| DREYFUSS, Daniel Natan | Director | 1993-01-07 | 2005-08-31 |
| FIGEAC, Aurelien Jean Marie Romain | Director | 2021-09-06 | 2026-03-16 |
| GIBSON, Andrew | Director | 2007-08-01 | 2018-03-29 |
| GRIMES, Laurence William | Director | — | 1995-09-13 |
| MULLERVY, Terence Anthony | Director | 2001-04-30 | 2007-08-31 |
| POSEN, Felix D | Director | — | 1991-12-16 |
| RICH, Marc | Director | — | 1993-11-14 |
| STROTHOTTE, Willy Reinhard | Director | 1994-01-06 | 2011-05-25 |
| TUCKEY, Michael John | Director | 1993-03-29 | 2001-04-30 |
| WEISS, Manny | Director | 1991-12-16 | 1992-05-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Glencore Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 176 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-18 | AA | accounts | Accounts with accounts type full | |
| 2026-04-08 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-17 | AA | accounts | Accounts with accounts type full | |
| 2025-04-29 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2025-04-22 | ANNOTATION | miscellaneous | Legacy | |
| 2025-04-22 | ANNOTATION | miscellaneous | Legacy | |
| 2025-01-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-18 | AA | accounts | Accounts with accounts type full | |
| 2024-05-23 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-05-23 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-01-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-23 | AA | accounts | Accounts with accounts type full | |
| 2023-01-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-22 | AA | accounts | Accounts with accounts type full | |
| 2022-06-15 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-01-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-12-20 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2021-12-20 | SH20 | capital | Legacy |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.