MAPEI (UK) LIMITED
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Cash
£6.8m
-2.3% vs 2024
Net assets
£41m
+7.8% highest in 3 filed years
Employees
423
+15.9% highest in 3 filed years
Profit before tax
£4.9m
-48.3% lowest in 3 filed years
Net assets
3-year trend · vs Basic Materials 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 | £102,537,732 | £107,894,409 | £124,351,234 | +15.3% | |
| Operating profit | £8,317,602 | £9,232,879 | £5,162,953 | -44.1% | |
| Profit before tax | £8,590,476 | £9,482,576 | £4,899,490 | -48.3% | |
| Net profit | £6,483,124 | £7,014,284 | £2,987,054 | -57.4% | |
| Cash | £1,727,863 | £6,954,939 | £6,793,171 | -2.3% | |
| Total assets less current liabilities | £31,229,724 | £42,989,496 | £42,255,652 | -1.7% | |
| Net assets | £31,091,664 | £38,105,948 | £41,093,002 | +7.8% | |
| Equity | £31,091,664 | £38,105,948 | £41,093,002 | +7.8% | |
| Average employees | 327 | 365 | 423 | +15.9% | |
| Wages | £13,900,798 | £16,410,973 | £21,151,748 | +28.9% | |
| Directors' remuneration | £297,769 | £317,319 | £331,704 | +4.5% |
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 | 8.1% | 8.6% | 4.2% | |
| Net margin | 6.3% | 6.5% | 2.4% | |
| Return on capital employed | 26.6% | 21.5% | 12.2% | |
| Gearing (liabilities / total assets) | 40.4% | 47.8% | — | |
| Current ratio | 2.07x | 1.33x | 1.40x | |
| Interest cover | — | — | 18.25x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of 12 months from the date of approval of this financial statements.”
Group structure
- MAPEI (UK) LIMITED · parent
- Wykamol Group Limited 100%
- Lectros International Limited 100%
Significant events
- “On 30 September 2024, the Company acquired 100% of the share holdings in Lectros International Limited and its wholly owned subsidiary, Wykamol Group Limited (together known as 'Wykamol Group') for a total consideration of £23.1m (including a deferred consideration of £4.4m, which was paid in March 2026 and adjustments to initial consideration of £0.8m as per the sale and purchase agreement).”
- “The directors agreed to hive-up the trade and net assets of Wykamol Group Limited at net book value, totalling to £3.4m into the company following a Transfer Agreement dated 31 January 2025, initially for loan consideration.”
- “No Dividend was paid in 2025 to facilitate the reduction of the cash pooling borrowings for the prior year acquisition.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WALTERS, Mark Anthony | Secretary | 2024-09-27 | — | — |
| BREAKSPEAR, Philip Andrew | Director | 2013-02-28 | Dec 1961 | British |
| SQUINZI, Marco | Director | 2013-02-28 | Sep 1971 | Italian |
| SQUINZI, Veronica | Director | 2003-01-29 | Dec 1972 | Italian |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FRADGLEY, Colin Peter | Secretary | 2005-11-29 | 2019-03-20 |
| LOUCH, Mark | Secretary | 1999-06-28 | 2005-11-29 |
| MANDALL, Brian John, Mr. | Secretary | 2019-03-20 | 2024-09-27 |
| TURNER, Trevor John | Secretary | — | 1999-06-28 |
| LOUCH, Mark | Director | 1999-06-28 | 2019-04-30 |
| ORIANI, Sergio | Director | — | 2003-01-28 |
| SQUINZI, Giorgio | Director | — | 2020-01-01 |
| TURNER, Trevor John | Director | — | 1999-06-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs Simona Giorgetta | Individual | Shares 25–50% | 2020-01-01 | Active |
| Mrs Veronica Squinzi | Individual | Shares 25–50%, Voting 25–50% | 2020-01-01 | Active |
| Mr Marco Squinzi | Individual | Shares 25–50% | 2020-01-01 | Active |
| Doctor Giorgio Squinzi | Individual | Appoints directors | 2016-05-09 | Ceased 2020-01-01 |
Filing timeline
Last 20 of 149 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-08 | AA | accounts | Accounts with accounts type full | |
| 2026-04-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-19 | AA | accounts | Accounts with accounts type full | |
| 2025-06-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-30 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-09-27 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-06-28 | AA | accounts | Accounts with accounts type full | |
| 2024-06-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-04 | AA | accounts | Accounts with accounts type full | |
| 2023-06-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-14 | AA | accounts | Accounts with accounts type full | |
| 2022-06-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-17 | AA | accounts | Accounts with accounts type full | |
| 2021-06-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-10-16 | AA | accounts | Accounts with accounts type full | |
| 2020-06-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-02-11 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2020-02-11 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2020-02-11 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2020-01-23 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- 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.