GEO SPECIALTY CHEMICALS UK LIMITED
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Cash
£2.9M
EUR 3,361,624
-23.8% vs 2023
Net assets
£18M
EUR 21,552,218
-19.8% vs 2023
Employees
141
-5.4% vs 2023
Profit before tax
-£5.2M
EUR -6,118,777
+45.2% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £71,828,088 | £66,732,870 | -7.1% | |
| Operating profit | -£7,121,517 | -£2,650,863 | +62.8% | |
| Profit before tax | -£9,570,407 | -£5,245,415 | +45.2% | |
| Net profit | -£7,213,228 | -£4,571,477 | +36.6% | |
| Cash | £3,783,156 | £2,881,804 | -23.8% | |
| Total assets less current liabilities | £38,343,589 | £33,171,739 | -13.5% | |
| Net assets | £23,047,446 | £18,475,969 | -19.8% | |
| Equity | £23,047,446 | £18,475,969 | -19.8% | |
| Average employees | 149 | 141 | -5.4% | |
| Wages | £8,552,210 | £8,141,763 | -4.8% | |
| Directors' remuneration | £240,658 | £188,772 | -21.6% |
Figures converted to GBP from EUR at 0.857 per EUR (Frankfurter spot rate) — hover any figure for the original. — 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 |
|---|---|---|---|
| Operating margin | -9.9% | -4.0% | |
| Net margin | -10.0% | -6.9% | |
| Return on capital employed | -18.6% | -8.0% | |
| Current ratio | 1.59x | 1.33x | |
| Interest cover | -2.91x | -1.02x |
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
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have sought assurances from CPS Performance Materials Holding, LLC that it shall provide such sufficient financial support to enable the Company to trade and to discharge its debts and liabilities for at least 12 months from the date of approval of the financial statements for the year ended 31 December 2024. GEO Specialty Chemicals, INC. will not request repayment of any sums owed to them as at 31 December 2024 during the period of 12 months from the date of approval of the financial statements for the year ended 31 December 2024 of the Company to the extent that the Company is unable to discharge all its debts and liabilities as they fall due. Overall they have concluded that the company will have adequate resources and facilities to continue in the foreseeable future and for this reason, continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “In 2024, the Company demonstrated significant resilience in a challenging economic environment, achieving a significant reduction in losses.”
- “As part of this strategy the Company continues its commitment to research and development, focused on new product development, especially in the Contact Lens and PAG businesses.”
- “The Company is looking forward to executing capital investment projects geared to producing further growth in future years during 2025.”
- “In 2024 the Company has undertaken a number of programs to improve energy efficiency and reduce our carbon footprint, including investment in solar panels, and we continue to look for further improvement opportunities.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HAYTHORNTHWAITE, Simon | Director | 2022-07-01 | Oct 1964 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| QUAYSECO LIMITED | Corporate Secretary | 2011-05-27 | 2025-12-22 |
| ECKMAN, William Phillip | Director | 2011-05-27 | 2018-01-02 |
| EINOLF, Steven Richard | Director | 2011-05-27 | 2018-08-24 |
| GHAZEY, Kenneth | Director | 2011-05-27 | 2019-08-30 |
| LAY, Randall Robert | Director | 2018-01-02 | 2019-08-30 |
| LIPTROT, Nicholas | Director | 2013-09-01 | 2022-07-01 |
| NOBILE, Robert | Director | 2019-08-30 | 2025-12-22 |
| STEINFINK, Jeremy | Director | 2019-08-30 | 2025-12-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Project Hercules Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-12-22 | Active |
| Endless Llp | Corporate entity | Significant influence | 2025-12-22 | Active |
Filing timeline
Last 20 of 89 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-01-03 RESOLUTIONS Resolution
- 2026-01-03 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-03 | RESOLUTIONS | resolution | Resolution | |
| 2026-01-03 | MA | incorporation | Memorandum articles | |
| 2025-12-27 | SH01 | capital | Capital allotment shares | |
| 2025-12-24 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-12-24 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-12-24 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2025-12-24 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-12-24 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-24 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-24 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-12-24 | SH01 | capital | Capital allotment shares | |
| 2025-12-23 | SH01 | capital | Capital allotment shares | |
| 2025-12-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-08-05 | AA | accounts | Accounts with accounts type full | |
| 2025-05-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-30 | CH01 | officers | Change person director company with change date | |
| 2025-05-30 | CH01 | officers | Change person director company with change date | |
| 2024-09-16 | AA | accounts | Accounts with accounts type full | |
| 2024-07-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-07-09 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 3
- Officers appointed
- 0
- Officers resigned
- 3
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.