VALMET LIMITED
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Cash
£11M
+105.6% highest in 5 filed years
Net assets
£8.7M
+29% highest in 5 filed years
Employees
132
+10% vs 2023
Profit before tax
£4.6M
+98.1% highest in 5 filed years
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £27,242,000 | £32,175,000 | £31,846,000 | £46,585,000 | £52,167,000 | +12% | |
| Operating profit | £1,980,000 | £1,787,000 | £2,871,000 | £2,079,000 | £4,379,000 | +110.6% | |
| Profit before tax | £1,966,000 | £1,785,000 | £2,854,000 | £2,299,000 | £4,555,000 | +98.1% | |
| Net profit | £1,641,000 | £1,319,000 | £2,487,000 | £1,666,000 | £3,461,000 | +107.7% | |
| Cash | £3,361,000 | £774,000 | £1,988,000 | £5,466,000 | £11,236,000 | +105.6% | |
| Total assets less current liabilities | £7,223,000 | £6,274,000 | £8,497,000 | £9,977,000 | £15,083,000 | +51.2% | |
| Net assets | £6,136,000 | £4,955,000 | £6,742,000 | £6,766,000 | £8,727,000 | +29% | |
| Equity | £6,136,000 | £4,955,000 | £6,742,000 | £6,766,000 | £8,727,000 | +29% | |
| Average employees | 140 | 118 | 116 | 120 | 132 | +10% | |
| Wages | £6,839,000 | £6,197,000 | £6,094,000 | £7,126,000 | £8,418,000 | +18.1% | |
| Directors' remuneration | £107,000 | £83,000 | £66,000 | £70,000 | £71,000 | +1.4% |
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 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | 7.3% | 5.6% | 9.0% | 4.5% | 8.4% | |
| Net margin | 6.0% | 4.1% | 7.8% | 3.6% | 6.6% | |
| Return on capital employed | 27.4% | 28.5% | 33.8% | 20.8% | 29.0% | |
| Gearing (liabilities / total assets) | — | — | — | 79.6% | 80.2% | |
| Current ratio | — | — | — | 1.35x | 1.35x | |
| Interest cover | — | — | — | — | 22.46x |
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 4 times since incorporation
- VALMET LIMITED 2013-12-19 → present
- METSO PAPER LIMITED 2008-12-31 → 2013-12-19
- METSO PAPER BENDER HOLDINGS LIMITED 2007-09-17 → 2008-12-31
- BENDER HOLDINGS LIMITED 2003-03-31 → 2007-09-17
- BENDER LIMITED 2003-01-10 → 2003-03-31
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- BK Plus Audit Limited
- 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.”
Significant events
- “During 2024 Valmet Limited merged with Neles UK Ltd by way of a business transfer, following the group merger having being completed in April 2022.”
- “On 1 September 2024 the company acquired an unincorporated business, Neles UK for consideration of £1,587,000.”
- “On 15 March 2024 the company acquired an unincorporated business, Process Gas Chromatographs for consideration of £432,000”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ROSS, Andrea | Secretary | 2020-09-01 | — | — |
| RAISKINEN, Teemu Kalevi | Director | 2026-03-17 | Jun 1968 | Finnish |
| ROSS, Andrea | Director | 2020-09-01 | Jan 1981 | British |
| TOIVONEN, Mikko Ilmari | Director | 2020-06-22 | Mar 1966 | Finnish |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARNES, Peter | Secretary | 2003-01-10 | 2017-01-24 |
| MILLER, Daniel Philip | Secretary | 2017-01-24 | 2020-09-01 |
| SECRETARIAL APPOINTMENTS LIMITED | Corporate Nominee Secretary | 2003-01-10 | 2003-01-10 |
| BJORN, Per Anders | Director | 2008-03-06 | 2011-07-06 |
| BROWN, Barry Peter | Director | 2003-01-10 | 2014-01-31 |
| BYROM, Erwin Robert | Director | 2003-01-10 | 2007-07-18 |
| HEISKANEN, Henri Mikael | Director | 2020-06-22 | 2025-11-30 |
| JARVINEN, Jorma Juhani | Director | 2014-02-01 | 2016-07-20 |
| LAKKA, Petri | Director | 2007-07-18 | 2008-10-15 |
| LAURIO, Markus | Director | 2007-07-18 | 2007-10-31 |
| MARCHEGGIANI, Marco | Director | 2007-07-18 | 2011-07-06 |
| MILLER, Daniel | Director | 2019-10-20 | 2020-09-01 |
| RASANEN, Lauri Juhani | Director | 2014-06-10 | 2015-01-31 |
| SALMINEN, Marjut Hannele | Director | 2016-07-20 | 2020-06-22 |
| SWORD, Mike Andrew | Director | 2016-07-20 | 2019-10-20 |
| TOLVANEN, Mika Petteri | Director | 2008-10-21 | 2020-06-22 |
| CORPORATE APPOINTMENTS LIMITED | Corporate Nominee Director | 2003-01-10 | 2003-01-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Valmet Corporation Oyj | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 105 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-17 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-26 | AA | accounts | Accounts with accounts type full | |
| 2025-02-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-19 | AA | accounts | Accounts with accounts type full | |
| 2024-01-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-13 | AA | accounts | Accounts with accounts type full | |
| 2023-01-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-29 | AA | accounts | Accounts with accounts type full | |
| 2022-03-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-30 | AA | accounts | Accounts with accounts type full | |
| 2021-02-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-12 | AA | accounts | Accounts with accounts type full | |
| 2020-09-01 | AP03 | officers | Appoint person secretary company with name date | |
| 2020-09-01 | AP01 | officers | Appoint person director company with name date | |
| 2020-09-01 | TM01 | officers | Termination director company with name termination date | |
| 2020-09-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2020-06-23 | AP01 | officers | Appoint person director company with name date | |
| 2020-06-22 | 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
- 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.