SABIC UK PETROCHEMICALS LIMITED
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Cash
£0
Latest balance sheet
Net assets
£366m
-39.4% lowest in 3 filed years
Employees
309
-7.8% lowest in 3 filed years
Profit before tax
-£306m
-1,751.4% 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 | £222,000,000 | £231,800,000 | £199,300,000 | -14% | |
| Operating profit | £25,600,000 | £26,300,000 | -£292,900,000 | -1,213.7% | |
| Profit before tax | £18,100,000 | £18,500,000 | -£305,500,000 | -1,751.4% | |
| Net profit | £20,500,000 | £7,400,000 | -£239,800,000 | -3,340.5% | |
| Cash | £0 | £0 | £0 | — | |
| Total assets less current liabilities | £847,800,000 | £858,900,000 | £588,200,000 | -31.5% | |
| Net assets | £599,100,000 | £603,800,000 | £365,900,000 | -39.4% | |
| Equity | £599,100,000 | £603,800,000 | £365,900,000 | -39.4% | |
| Average employees | 359 | 335 | 309 | -7.8% | |
| Wages | £27,300,000 | £26,900,000 | £26,000,000 | -3.3% | |
| Directors' remuneration | £600,000 | £700,000 | £500,000 | -28.6% | |
| Directors' pension contributions | £100,000 | £100,000 | £100,000 | 0% | |
| Highest paid director | £200,000 | £200,000 | £200,000 | 0% |
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 | 11.5% | 11.3% | -147.0% | |
| Net margin | 9.2% | 3.2% | -120.3% | |
| Return on capital employed | 3.0% | 3.1% | -49.8% | |
| Gearing (liabilities / total assets) | 38.4% | 39.8% | 46.4% | |
| Current ratio | 1.45x | 1.01x | 6.68x | |
| Interest cover | 1.91x | 2.14x | -19.79x |
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
- SABIC UK PETROCHEMICALS LIMITED 2007-01-02 → present
- HUNTSMAN PETROCHEMICALS (UK) LIMITED 2000-11-28 → 2007-01-02
- HUNTSMAN ICI PETROCHEMICALS (UK) LIMITED 1999-05-05 → 2000-11-28
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. In making this assessment, the directors have considered the Company's forecast cash flows and internal financial projections covering a period of at least 12 months from the date of approval of these financial statements.”
Significant events
- “In June 2025 the ultimate parent Company made a decision not to continue with the cracker improvement project and to permanently close the Olefins cracker, leading to a £670.7m impairment provision.”
- “On 8 January 2026, SABIC Group announced signing an agreement with AEQUITA GmbH to acquire all SABIC shares in SABIC Europe BV.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 43 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GRANT, Ronald Napier | Director | 2008-03-27 | Nov 1957 | British |
| MALAN, Louis Daniel Jordaan | Director | 2026-04-29 | Jul 1974 | British |
| SMITH, Julie | Director | 2026-04-29 | Nov 1971 | British |
Show 43 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BUSBY, David John | Secretary | 1999-06-28 | 2000-11-30 |
| CHEATLE, Penelope Anne | Secretary | 1999-05-05 | 1999-06-07 |
| GRAHAM, Christopher | Secretary | 2006-12-29 | 2010-12-31 |
| KAY, John Lawrence | Secretary | 1999-06-07 | 1999-06-28 |
| MAUGHAN, Michael Andrew James | Secretary | 2000-12-01 | 2006-12-29 |
| MIDDLETON, John | Secretary | 2010-12-31 | 2024-02-29 |
| BADAHDAH, Omar Saeed | Director | 2016-12-01 | 2017-10-02 |
| BAZID, Abdullah Saeed Mohammed | Director | 2006-12-29 | 2008-02-01 |
| BOOTH, Paul | Director | 2006-12-29 | 2016-06-30 |
| BRUIJNOOGE, Jan | Director | 2016-12-01 | 2018-01-03 |
| CHEATLE, Penelope Anne | Director | 1999-05-05 | 1999-06-07 |
| CORNES, Peter Leslie, Dr | Director | 1999-06-07 | 1999-06-28 |
| DEN HOLDER, Johan | Director | 2014-02-01 | 2015-08-07 |
| DUCKER, Michael Edward | Director | 2009-12-21 | 2016-03-24 |
| EMERSON, Duncan | Director | 1999-06-28 | 2006-12-29 |
| ESPLIN, Kimo | Director | 1999-06-28 | 2006-12-29 |
| GILLETT, Philip John | Director | 1999-05-05 | 1999-06-07 |
| GRAHAM, Christopher | Director | 2010-01-19 | 2010-12-31 |
| HEALY, Russell | Director | 1999-06-28 | 2006-12-29 |
| HUNTSMAN, Peter Riley | Director | 1999-06-28 | 2006-12-29 |
| KAY, John Lawrence | Director | 1999-06-07 | 1999-06-28 |
| KEENAN, Thomas James | Director | 2004-10-21 | 2006-12-29 |
| LITJENS, Matheus Wilhelmus Garardus | Director | 2006-12-29 | 2009-12-21 |
| MAUGHAN, Michael Andrew James | Director | 2006-12-15 | 2006-12-29 |
| MEESSEN, Hubertus Henricus Josephus | Director | 2008-06-06 | 2009-12-21 |
| MIDDLETON, John Christopher | Director | 2011-01-24 | 2024-02-29 |
| MUELLER, Michael Alfred, Dr | Director | 2009-12-21 | 2012-05-04 |
| NINOW, Kevin John | Director | 1999-10-01 | 2006-12-29 |
| O'NEILL, John Ellison | Director | 2007-04-02 | 2007-12-31 |
| O'NEILL, John Ellison | Director | 2004-10-21 | 2006-12-29 |
| OHALI, Mosaed Sulaiman A Al | Director | 2008-02-01 | 2009-12-21 |
| SHOVLIN, Thomas Anthony | Director | 1999-06-07 | 1999-06-28 |
| SLABBERS, Jacobus Henricus Johanna Maria | Director | 2006-12-29 | 2008-06-06 |
| SMITH, Daren | Director | 2017-10-02 | 2022-06-24 |
| SMITH, Daren James | Director | 2012-05-28 | 2016-06-30 |
| STEWART, Colin | Director | 2009-12-21 | 2011-07-01 |
| THOMPSON, Graham Leslie | Director | 1999-06-28 | 2005-03-22 |
| VAN HAASTEREN, Jacobus Antonius Maria | Director | 2006-12-29 | 2008-06-06 |
| VESTER, Mark Theodor | Director | 2006-12-29 | 2008-03-27 |
| VISSER, Johannes Bernardus Maria | Director | 2022-06-16 | 2026-04-29 |
| WASSON, Alan | Director | 2011-01-24 | 2016-12-01 |
| WATSON, Claire Louise | Director | 2009-12-21 | 2015-12-23 |
| WILLIAMS, Mark Lawrence | Director | 2008-09-25 | 2016-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sabic Tees Holdings Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 184 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-09-22 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-28 | AA | accounts | Accounts with accounts type full | |
| 2026-09-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-09-22 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2026-09-22 | SH20 | capital | Legacy | |
| 2026-09-22 | CAP-SS | insolvency | Legacy | |
| 2026-09-22 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-29 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-29 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-28 | AA | accounts | Accounts with accounts type full | |
| 2025-09-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-09-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-08 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-03-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-18 | AA | accounts | Accounts with accounts type full | |
| 2023-09-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-26 | AA | accounts | Accounts with accounts type full | |
| 2022-09-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-27 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 2
- Officers appointed
- 2
- 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.