ITALMATCH CHEMICALS GB LIMITED
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Cash
£2.1M
+22.8% vs 2024
Net assets
£39M
+4.5% highest in 3 filed years
Employees
58
-6.5% lowest in 3 filed years
Profit before tax
£1.6M
-53.9% 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 | £46,922,000 | £44,120,000 | £37,828,000 | -14.3% | |
| Operating profit | £3,916,000 | £4,770,000 | £2,428,000 | -49.1% | |
| Profit before tax | £2,374,000 | £3,566,000 | £1,643,000 | -53.9% | |
| Net profit | £2,961,000 | £2,578,000 | £1,688,000 | -34.5% | |
| Cash | £2,453,000 | £1,735,000 | £2,130,000 | +22.8% | |
| Total assets less current liabilities | £67,153,000 | £64,985,000 | £65,422,000 | +0.7% | |
| Net assets | £34,772,000 | £37,350,000 | £39,038,000 | +4.5% | |
| Equity | £34,772,000 | £37,350,000 | £39,038,000 | +4.5% | |
| Average employees | 74 | 62 | 58 | -6.5% | |
| Wages | £3,465,000 | £3,614,000 | £3,014,000 | -16.6% | |
| 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 | 8.3% | 10.8% | 6.4% | |
| Net margin | 6.3% | 5.8% | 4.5% | |
| Return on capital employed | 5.8% | 7.3% | 3.7% | |
| Gearing (liabilities / total assets) | — | 56.9% | 53.4% | |
| Current ratio | 1.10x | 0.99x | 1.03x | |
| Interest cover | 1.67x | 2.25x | 1.31x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Ecovis Wingrave Yeats LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. The Company has received a letter of support from its parent undertaking confirming that it intends to continue to provide financial support to the Company. The directors believe that the going concern basis of preparation remains appropriate.”
Group structure
- ITALMATCH CHEMICALS GB LIMITED · parent
- BWA Water Additives UK Limited 100%
- Italmatch Japan Ltd 84%
- BWA Water Additives FZE 100%
- Aubin Limited 100%
- Aubin Inc. 100%
- Aubin Energy DMCC 100%
Significant events
- “On 5 February 2026, the Group refinanced its debt through the issuance of €690million senior secured notes and amendments to its revolving credit facility. As part of this refinancing, the Company entered into a Global Guarantee and Security Deed, granting first ranking fixed charges over its shares and bank accounts and providing a guarantee of certain Group obligations. This refinancing constitutes a non adjusting event and does not affect the amounts recognised at the reporting date.”
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 | 2018-04-27 | — | — |
| DE JONG, Foort | Director | 2018-04-27 | May 1960 | Dutch |
| TURCI, Maurizio | Director | 2018-04-27 | Jun 1959 | Italian |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GENERALI, Sergio | Director | 2018-04-27 | 2018-08-03 |
| SAVIDGE, Alan | Director | 2018-04-27 | 2018-08-03 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 33 total filings
Material constitutional events — rename, articles re-file, resolution
- 2020-12-22 MA Memorandum articles
- 2020-12-22 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-04 | AA | accounts | Accounts with accounts type full | |
| 2026-04-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-29 | AA | accounts | Accounts with accounts type full | |
| 2025-04-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-23 | AA | accounts | Accounts with accounts type full | |
| 2024-04-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-25 | AA | accounts | Accounts with accounts type full | |
| 2023-04-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-09-08 | AA | accounts | Accounts with accounts type full | |
| 2022-04-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-03 | AA | accounts | Accounts with accounts type full | |
| 2021-04-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-22 | MA | incorporation | Memorandum articles | |
| 2020-12-22 | RESOLUTIONS | resolution | Resolution | |
| 2020-12-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-04-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-03-23 | AA | accounts | Accounts with accounts type full | |
| 2019-04-26 | CS01 | confirmation-statement | Confirmation statement with updates |
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.