ITALMATCH UK LIMITED
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Cash
£414K
+961.5% highest in 3 filed years
Net assets
£13M
+5.9% highest in 3 filed years
Employees
0
Average over period
Profit before tax
£1M
+10.1% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The financial statements have been prepared on a going concern basis which assumes the Company will continue to trade. The validity of this latter assumption is dependent upon support from the Company's intermediate parent undertaking on which the Company is wholly reliant. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue, although at the date of approval of these financial statements, they have no reason to believe that it will not do so.
-
Going-concern uncertainty disclosed
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 | £12,515,000 | £14,065,000 | £15,342,000 | +9.1% | |
| Operating profit | £811,000 | £910,000 | £1,002,000 | +10.1% | |
| Profit before tax | — | £910,000 | £1,002,000 | +10.1% | |
| Net profit | £822,000 | £406,000 | £740,000 | +82.3% | |
| Cash | £6,000 | £39,000 | £414,000 | +961.5% | |
| Total assets less current liabilities | £12,927,000 | £14,505,000 | £15,757,000 | +8.6% | |
| Net assets | £12,152,000 | £12,558,000 | £13,298,000 | +5.9% | |
| Equity | £12,152,000 | £12,558,000 | £13,298,000 | +5.9% | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £0 | £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 | 6.5% | 6.5% | 6.5% | |
| Net margin | 6.6% | 2.9% | 4.8% | |
| Return on capital employed | 6.3% | 6.3% | 6.4% | |
| Gearing (liabilities / total assets) | 18.6% | 23.8% | — | |
| Current ratio | 3.87x | 3.42x | 3.37x |
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
- ITALMATCH UK LIMITED 2013-04-04 → present
- THERMPHOS DEQUEST UK LIMITED 2007-06-13 → 2013-04-04
- TUK PROPERTY LIMITED 2007-03-02 → 2007-06-13
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ecovis Wingrave Yeats LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The financial statements have been prepared on a going concern basis which assumes the Company will continue to trade. The validity of this latter assumption is dependent upon support from the Company's intermediate parent undertaking on which the Company is wholly reliant. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue, although at the date of approval of these financial statements, they have no reason to believe that it will not do so.”
Significant events
- “As a result of the war in Ukraine and the subsequent sanctions on Russian oil and gas, global energy costs have increased. This has impacted the cost of production but since these costs are ultimately passed on via an invoice to the parent company, Italmatch Chemicals S.p.A, management do not anticipate an impact to the underlying business.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| QUAYSECO LIMITED | Corporate Secretary | 2007-03-02 | — | — |
| DE JONG, Foort | Director | 2013-03-18 | May 1960 | Dutch |
| TURCI, Maurizio | Director | 2013-03-01 | Jun 1959 | Italian |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRENNAN, Paul Leigh | Director | 2007-03-02 | 2013-03-01 |
| IORIO, Sergio | Director | 2013-03-01 | 2013-03-18 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 63 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-21 | AA | accounts | Accounts with accounts type full | |
| 2026-03-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-28 | AA | accounts | Accounts with accounts type full | |
| 2025-03-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-23 | AA | accounts | Accounts with accounts type full | |
| 2024-03-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-13 | AA | accounts | Accounts with accounts type full | |
| 2023-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-09 | AA | accounts | Accounts with accounts type full | |
| 2022-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-03-29 | AA | accounts | Accounts with accounts type full | |
| 2021-03-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-03-20 | AA | accounts | Accounts with accounts type full | |
| 2020-03-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-03-22 | AA | accounts | Accounts with accounts type full | |
| 2019-03-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-04-26 | CH01 | officers | Change person director company with change date | |
| 2018-03-14 | AA | accounts | Accounts with accounts type full | |
| 2018-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2017-04-19 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.