ETEX UK INSULATION LIMITED
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Cash
£3.5m
-30.9% lowest in 3 filed years
Net assets
£43m
+15.3% highest in 3 filed years
Employees
176
-5.4% lowest in 3 filed years
Profit before tax
£9.3m
+62.6% highest in 3 filed years
Net assets
3-year trend · vs Industrials 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 | £68,392,000 | £58,710,000 | £70,817,000 | +20.6% | |
| Operating profit | £10,695,000 | £6,565,000 | £9,637,000 | +46.8% | |
| Profit before tax | £4,207,000 | £5,746,000 | £9,342,000 | +62.6% | |
| Net profit | £1,984,000 | £4,173,000 | £8,194,000 | +96.4% | |
| Cash | £9,874,000 | £5,057,000 | £3,492,000 | -30.9% | |
| Total assets less current liabilities | £48,451,000 | £47,166,000 | £50,732,000 | +7.6% | |
| Net assets | £23,959,000 | £37,182,000 | £42,856,000 | +15.3% | |
| Equity | £23,959,000 | £37,182,000 | £42,856,000 | +15.3% | |
| Average employees | 190 | 186 | 176 | -5.4% | |
| Wages | £9,243,000 | £8,802,000 | £9,031,000 | +2.6% | |
| Directors' remuneration | £4,554,000 | £315,000 | £374,000 | +18.7% | |
| Directors' pension contributions | £32,000 | £27,000 | £38,000 | +40.7% | |
| Highest paid director | £2,230,000 | £342,000 | £387,000 | +13.2% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 15.6% | 11.2% | 13.6% | |
| Net margin | 2.9% | 7.1% | 11.6% | |
| Return on capital employed | 22.1% | 13.9% | 19.0% | |
| Gearing (liabilities / total assets) | 65.5% | 45.8% | 43.0% | |
| Current ratio | 1.41x | 1.41x | 1.59x | |
| Interest cover | 7.56x | 9.67x | 39.50x |
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 — the current trading name was adopted 2024-12-18
- ETEX UK INSULATION LIMITED 2024-12-18 → present
- SUPERGLASS INSULATION LIMITED 1987-11-27 → 2024-12-18
- SAVECHIEF LIMITED 1987-09-02 → 1987-11-27
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After reviewing the current liquidity position, financial forecasts and stress testing of potential risks and based on the current funding facilities outlined, the Board has a reasonable expectation that, the Company has sufficient resources to continue in operational existence for the period to 31 July 2027.”
Significant events
- “On 1 January 2025 the property rights and operational assets of URSA UK Limited, a sister company, were hived up to the Company at book value for a consideration of £9,532,000.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 35 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SKOREK, Wojciech Bartosz | Director | 2024-04-22 | Apr 1978 | Polish |
| TOLSON, John Kevin | Director | 2025-11-01 | Mar 1968 | British |
Show 35 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BILSLAND, Nicol Muir | Secretary | — | 1993-06-30 |
| CLOW, Allan James | Secretary | 2012-08-28 | 2013-11-29 |
| KIRK, Philip Anthony | Secretary | 1993-06-30 | 2005-08-16 |
| KIRKBRIGHT, Anthony | Secretary | 2005-08-16 | 2012-02-20 |
| LEA, Christopher Paul | Secretary | 2013-12-02 | 2016-06-30 |
| MCLEAN, Theresa Mary | Secretary | 2016-07-01 | 2025-11-01 |
| MCLEOD, Alexander John | Secretary | 2012-02-20 | 2012-08-28 |
| ATHERTON, Mark Richard | Director | 2015-09-16 | 2023-06-21 |
| BEARD, Michael Gareth | Director | 2001-06-05 | 2012-07-20 |
| BILSLAND, Nicol Muir | Director | — | 1993-06-30 |
| CAIRNS, David | Director | 2007-04-26 | 2014-02-07 |
| CLOW, Allan James | Director | 2012-08-28 | 2013-11-29 |
| CREIGHTON, David Marshall | Director | — | 2001-06-05 |
| DE VOGÜÉ, Melchior Marie Hervé | Director | 2023-06-21 | 2024-04-22 |
| FRIEDRICHS, Jochen | Director | 2023-06-21 | 2024-04-22 |
| GEDDES, James Lobban | Director | — | 1993-01-31 |
| HUBBARD, Howard Austin | Director | 1998-02-12 | 2006-12-22 |
| HUBBARD, Howard Austin | Director | — | 1997-11-12 |
| IVINSON, John Charles | Director | 2010-05-01 | 2014-03-31 |
| KIRK, Philip Anthony | Director | 1993-06-30 | 2005-08-16 |
| KIRKBRIGHT, Anthony | Director | 1998-02-12 | 2012-02-20 |
| KIRKBRIGHT, Anthony | Director | — | 1997-11-12 |
| LANCASTER, Anthony Kevin | Director | — | 1997-07-08 |
| LEA, Christopher Paul | Director | 2013-12-02 | 2016-06-30 |
| MASCALL, Stephen | Director | 1998-02-12 | 2000-10-31 |
| MAVER, Bruce Nelson Clark | Director | 1998-02-12 | 2008-07-31 |
| MAVER, Bruce Nelson Clark | Director | 1994-09-01 | 1997-11-12 |
| MCKERRACHER, Iain Douglas | Director | — | 2005-08-16 |
| MCLEAN, Theresa Mary | Director | 2016-06-01 | 2025-11-01 |
| MCLEOD, Alexander John | Director | 2009-11-01 | 2015-06-15 |
| MCLEOD, Alexander John | Director | 2009-11-01 | 2009-11-01 |
| MUNRO, Kenneth George | Director | 2015-02-01 | 2023-06-21 |
| PATERSON, Robert | Director | 2002-03-05 | 2009-11-06 |
| PATERSON, Robert | Director | — | 1993-06-14 |
| SMELLIE, John | Director | — | 2009-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Superglass Holdings Limited | Corporate entity | Shares 75–100% | 2018-06-12 | Active |
| Superglass Group Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2018-06-12 |
Filing timeline
Last 20 of 264 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-12-18 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-16 | AA | accounts | Accounts with accounts type full | |
| 2026-06-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-03 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-10-03 | AA | accounts | Accounts with accounts type full | |
| 2025-06-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-18 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-10-04 | AA | accounts | Accounts with accounts type full | |
| 2024-06-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-04-23 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-04 | SH01 | capital | Capital allotment shares | |
| 2023-10-06 | AA | accounts | Accounts with accounts type full | |
| 2023-06-26 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-06-26 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-06-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-23 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
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.