SHOTTON MILL LIMITED
Owned by the Turkish conglomerate Eren Holding, the company operates a major paper mill in North Wales manufacturing containerboard and tissue paper from recycled materials.
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Cash
£30m
-65% vs 2024
Net assets
£153m
-7.9% vs 2024
Employees
215
+20.8% highest in 5 filed years
Profit before tax
-£22m
-121.3% lowest in 5 filed years
Net assets
5-year trend · vs Basic Materials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £46,517,517 | £65,068,594 | £38,522,101 | £33,718,854 | £33,348,908 | -1.1% | |
| Operating profit | -£4,313,744 | -£2,080,840 | -£14,256,468 | -£14,799,498 | -£13,936,736 | +5.8% | |
| Profit before tax | -£4,334,968 | -£2,134,477 | -£14,854,258 | -£9,877,157 | -£21,856,629 | -121.3% | |
| Net profit | -£4,020,968 | -£2,195,758 | -£14,784,601 | -£8,521,816 | -£13,221,378 | -55.1% | |
| Cash | £2,733,349 | £3,610,120 | £21,534,243 | £85,328,943 | £29,825,183 | -65% | |
| Total assets less current liabilities | £49,835,755 | £174,114,617 | £396,236,437 | £871,119,788 | £1,265,096,138 | +45.2% | |
| Net assets | £37,482,070 | £61,981,726 | £165,197,125 | £166,575,182 | £153,353,804 | -7.9% | |
| Equity | £37,482,070 | £61,981,726 | £165,197,125 | £166,575,182 | £153,353,804 | -7.9% | |
| Average employees | 188 | 169 | 176 | 178 | 215 | +20.8% | |
| Wages | £10,045,739 | £5,870,191 | £6,008,792 | £4,440,759 | £5,314,859 | +19.7% | |
| Directors' remuneration | — | — | £1,078,232 | £1,385,845 | — | — |
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 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | -9.3% | -3.2% | -37.0% | -43.9% | -41.8% | |
| Net margin | -8.6% | -3.4% | -38.4% | -25.3% | -39.6% | |
| Return on capital employed | -8.7% | -1.2% | -3.6% | -1.7% | -1.1% | |
| Gearing (liabilities / total assets) | 50.7% | 68.4% | 61.5% | 82.4% | 88.8% | |
| Current ratio | — | — | 1.35x | 1.41x | 0.47x | |
| Interest cover | — | -38.79x | -23.85x | -5.12x | -1.75x |
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
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company has prepared its financial statements on a going concern basis which assumes adequate resources will be available for a period of at least twelve months following approval of the financial statements.”
Significant events
- “As at 16 March 2026, aggregate amounts drawn by the Group under the term loan facility agreement with various lenders totalled GBP 158.7 million, comprising EUR 114.9 million and GBP 59.4 million. In addition, during 2026 the Company has received GBP 33 million of funding from related parties.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CEKCEOGLU, Cigdem | Director | 2021-09-30 | Oct 1977 | Turkish |
| EREN, Hamdullah | Director | 2021-09-30 | Mar 1970 | Turkish |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AIRAMAA, Jarkko Mikko | Director | 2020-12-10 | 2021-09-30 |
| PAGE, Simon Anthony | Director | 2020-12-10 | 2021-09-30 |
| SALMELIN, Mirja Inkeri Margareeta | Director | 2020-12-10 | 2021-09-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Eren Paper Ltd | Corporate entity | Shares 75–100% | 2021-09-30 | Active |
| Upm-Kymmene (Uk) Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-12-10 | Ceased 2021-09-30 |
Filing timeline
Last 20 of 27 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-04-03 RESOLUTIONS Resolution
- 2024-04-03 MA Memorandum articles
- 2022-01-26 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-04 | AA | accounts | Accounts with accounts type full | |
| 2025-12-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-12 | AA | accounts | Accounts with accounts type full | |
| 2024-12-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-02 | AA | accounts | Accounts with accounts type full | |
| 2024-04-03 | RESOLUTIONS | resolution | Resolution | |
| 2024-04-03 | MA | incorporation | Memorandum articles | |
| 2024-03-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-03-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-23 | SH01 | capital | Capital allotment shares | |
| 2024-01-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-11-10 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-06-21 | AA | accounts | Accounts with accounts type full | |
| 2023-05-09 | SH01 | capital | Capital allotment shares | |
| 2023-01-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-09-28 | AA | accounts | Accounts with accounts type full | |
| 2022-01-26 | RESOLUTIONS | resolution | Resolution | |
| 2022-01-21 | SH01 | capital | Capital allotment shares | |
| 2022-01-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-10-06 | AP01 | officers | Appoint person director company with name date |
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.