ASCEND PERFORMANCE MATERIALS EUROPEAN LIMITED
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Cash
£1.1m
EUR 1,329,140
+3.8% vs 2023
Net assets
£19m
EUR 22,716,125
+55.6% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£8.7m
EUR 10,116,387
+92.3% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Basic Materials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £441,259,862 | £343,875,081 | £323,293,189 | -6% | |
| Operating profit | £1,678,147 | £4,506,304 | £8,664,257 | +92.3% | |
| Profit before tax | £1,677,381 | £4,504,764 | £8,664,257 | +92.3% | |
| Net profit | £1,677,381 | £4,504,764 | £8,664,257 | +92.3% | |
| Cash | £2,130,410 | £1,096,697 | £1,138,352 | +3.8% | |
| Total assets less current liabilities | — | — | — | — | |
| Net assets | £9,155,512 | £12,504,058 | £19,455,400 | +55.6% | |
| Equity | £9,155,512 | £12,504,058 | £19,455,400 | +55.6% | |
| Average employees | — | — | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
Figures converted to GBP from EUR at 0.856 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 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Operating margin | 0.4% | 1.3% | 2.7% | |
| Net margin | 0.4% | 1.3% | 2.7% | |
| Current ratio | 1.07x | 1.16x | 1.27x |
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
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or to cease its operations, as they have concluded that the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern.”
Significant events
- “Ascend filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the Southern District of Texas on 21 April 2025 to restructure its U.S. operations, deleverage its balance sheet, and position the company for long-term financial strength with the support of its key lenders.”
- “On 9 December 2025, the Bankruptcy Court confirmed the Plan of Reorganization, clearing the way for full implementation and exit from Chapter 11, and Ascend emerged on 19 December 2025.”
- “Ascend SRL (Belgian entity where cost+ methodology applied towards APM European LTD) underwent a workforce review in Q4 2025, resulting in a restructuring. This restructuring affected seven employees, at a total cost of EUR 501,590.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RALSTON, Scott Andrew | Director | 2025-01-08 | Feb 1966 | American |
| STALLER, Christelle | Director | 2025-01-08 | Sep 1969 | French |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MCDIVITT, Phil | Director | 2018-10-14 | 2026-04-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| President Ceo Phillip Martin Mcdivitt | Individual | Significant influence | 2025-01-01 | Active |
| Barry Siadat | Individual | Shares 25–50%, Voting 25–50% | 2018-10-14 | Ceased 2025-03-19 |
| Jamshid Keynejad | Individual | Shares 25–50%, Voting 25–50% | 2018-10-14 | Ceased 2025-03-19 |
Filing timeline
Last 20 of 50 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-07-11 | AA | accounts | Accounts with accounts type full | |
| 2026-06-18 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-06-17 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-04-14 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-05 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-09-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 19
- Capital events
- 0
- Officers appointed
- 0
- 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.