AXALTA COATING SYSTEMS HUTHWAITE UK LIMITED
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Cash
£534K
-75.3% lowest in 5 filed years
Net assets
£11M
-0.4% vs 2024
Employees
63
-14.9% lowest in 5 filed years
Profit before tax
-£56K
+97% highest 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 | £12,480,340 | £16,220,462 | £13,727,755 | £12,287,370 | £11,886,664 | -3.3% | |
| Operating profit | -£806,345 | -£2,702,369 | -£1,720,686 | -£1,712,753 | -£166,072 | +90.3% | |
| Profit before tax | -£806,473 | -£2,765,405 | -£2,031,417 | -£1,854,248 | -£56,165 | +97% | |
| Net profit | -£808,108 | -£2,813,529 | -£2,458,029 | -£1,684,353 | -£43,760 | +97.4% | |
| Cash | £824,217 | £1,121,945 | £1,942,923 | £2,158,607 | £533,757 | -75.3% | |
| Total assets less current liabilities | £9,738,222 | £6,972,817 | £10,425,144 | £11,925,003 | £11,723,955 | -1.7% | |
| Net assets | £9,216,587 | £6,403,058 | £9,428,773 | £11,098,527 | £11,054,767 | -0.4% | |
| Equity | £9,216,587 | £6,403,058 | £9,428,773 | £11,098,527 | £11,054,767 | -0.4% | |
| Average employees | 74 | 96 | 89 | 74 | 63 | -14.9% | |
| Wages | £2,172,652 | £2,990,544 | £2,941,938 | £2,677,007 | £2,357,337 | -11.9% | |
| 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 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | -6.5% | -16.7% | -12.5% | -13.9% | -1.4% | |
| Net margin | -6.5% | -17.3% | -17.9% | -13.7% | -0.4% | |
| Return on capital employed | -8.3% | -38.8% | -16.5% | -14.4% | -1.4% | |
| Current ratio | — | — | 1.92x | 3.73x | 4.39x | |
| Interest cover | — | -40.08x | -5.17x | -10.68x | — |
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
- AXALTA COATING SYSTEMS HUTHWAITE UK LIMITED 2018-04-03 → present
- SPENCER COATINGS LIMITED 1990-10-15 → 2018-04-03
- SPENCER (ABERDEEN) LIMITED 1909-03-23 → 1990-10-15
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Johnston Carmichael LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have, at the time of approving these financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. In reaching this conclusion, they have prepared trading forecasts for an appropriate future outlook period and are satisfied that the company has sufficient financial resources to continue to operate and meet its liabilities as they fall due, for a period of at least 12 months from the date of signing these financial statements.”
Significant events
- “Akzo Nobel N.V. ("Akzo Nobel") and Axalta Coating Systems Limited have entered into an agreement to combine in an all-stock merger of equals, expected to complete in late 2026 or 2027, subject to approval.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DOLAN, Farrell | Director | 2019-06-24 | Dec 1969 | British |
| YOUENS, Laura Michele | Director | 2025-03-28 | Feb 1983 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ADAMS, Patricia Margaret | Secretary | 1990-09-10 | 1993-02-18 |
| BUCK, Philip Anthony | Secretary | 1996-01-26 | 1996-03-20 |
| MOROCCO, Frank | Secretary | 1993-02-18 | 1996-01-26 |
| STRONACH, Graham Charles | Secretary | 1996-03-20 | 2017-06-01 |
| JAMES AND GEORGE COLLIE | Corporate Secretary | — | 1990-09-10 |
| BLENKINSOPP, James Ian | Director | 2017-06-01 | 2025-03-28 |
| BUCK, Philip Anthony | Director | 1995-09-29 | 2017-06-01 |
| CARR, John | Director | 1990-05-14 | 1995-09-29 |
| DAVIS, Michael Keith | Director | 2017-06-01 | 2019-06-24 |
| DYSON, Allan Frederick | Director | 1990-06-05 | 1998-08-07 |
| FINDLAY, William James | Director | — | 1991-04-11 |
| JOYCE, Richard | Director | 2018-02-12 | 2024-09-03 |
| LEE-STEERE, Gordon Ernest | Director | — | 1990-05-14 |
| LEWIS, Andrew Douglas Fyfe | Director | — | 1990-05-14 |
| LITTLE, Hugh Wilson Mcintosh | Director | 1993-02-26 | 1997-04-16 |
| MCGRATH, Austin Dominic | Director | 1999-03-01 | 2001-05-15 |
| SIMPSON, George Alexander | Director | — | 1990-05-14 |
| STEPHEN, Robert Smith | Director | 1997-09-01 | 2010-12-21 |
| STOKES, James Andrew | Director | 2014-07-31 | 2017-06-01 |
| STRONACH, Graham Charles | Director | 1997-09-01 | 2017-06-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Spencer Coatings Group Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 178 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-12-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-01 | AA | accounts | Accounts with accounts type full | |
| 2026-05-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-22 | AA | accounts | Accounts with accounts type full | |
| 2025-05-22 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-05-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-02 | SH01 | capital | Capital allotment shares | |
| 2024-09-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-19 | AA | accounts | Accounts with accounts type full | |
| 2024-05-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-12-12 | RESOLUTIONS | resolution | Resolution | |
| 2023-12-06 | SH01 | capital | Capital allotment shares | |
| 2023-09-28 | AA | accounts | Accounts with accounts type full | |
| 2023-05-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-14 | AA | accounts | Accounts with accounts type full | |
| 2022-05-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-07-28 | AA | accounts | Accounts with accounts type full | |
| 2021-07-27 | SH01 | capital | Capital allotment shares | |
| 2021-06-11 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 1
- 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.