The Accounts daily brief — 17 May 2026

The Accounts · daily brief

Surging sales and a substantial director loan book

  • Blue Diamond grew revenue by 20% and widened operating margins nicely
  • Innospec's highest-paid director saw a 36% bump on flat overall staff costs
  • Remet Group's related-party note details an extensive array of seven-figure director loans

Innospec Limited [1]

00344359 · Parent-only

Top-line surge

Line FY25 FY24 YoY
Profit & loss
Turnover EUR 631.9m EUR 444.5m ▲ +42%
Gross profit EUR 149.5m EUR 136.5m ▲ +10%
Admin expenses EUR 83.9m EUR 83.2m ▲ +1%
Operating profit EUR 56.8m EUR 42.3m ▲ +34%
Finance costs EUR 37.3m EUR 5m ▲ +644%
Profit before tax EUR 110m EUR 65.7m ▲ +67%
Net profit EUR 102.8m EUR 56.3m ▲ +83%
People & pay
Avg. headcount 658 636 ▲ +3%
Staff cost EUR 69.3m EUR 69.1m ▲ +0%
Director pay EUR 4.8m EUR 4.4m ▲ +9%
Highest-paid director EUR 2.2m EUR 1.6m ▲ +37%

Turnover surged 42% to €631.9m, lifting net profit to a solid €102.8m. Staff costs remained broadly flat despite the addition of 22 heads, meaning average pay slipped slightly year-on-year. Remuneration for the highest-paid director saw a 37% bump to €2.23m. A steady set of parent-company numbers, noting a €47k scrap metal transaction with European Metal Recycling.

Blue Diamond Uk Limited [2]

02421720 · Group

Margin expansion

Line FY25 FY24 YoY
Profit & loss
Turnover £365.4m £304.8m ▲ +20%
Gross profit £198.8m £164.1m ▲ +21%
Admin expenses £177.5m £151.8m ▲ +17%
Operating profit £28.2m £17.6m ▲ +60%
Finance costs £6.1m £6m ▲ +1%
Profit before tax £22.1m £11.6m ▲ +90%
Net profit £15.3m £8.3m ▲ +85%
People & pay
Avg. headcount 4,692 4,125 ▲ +14%
Staff cost £97.6m £83.3m ▲ +17%

Solid consolidated numbers here. A 20% jump in turnover to £365.4m translated to a 60% expansion at the operating level, hitting £28.2m. Average headcount rose by over 500 staff to support the growth. The going-concern position is supported by access to a £100m committed lending facility extending out to 2029.

The Remet Group Limited [3]

13949461 · Group

Substantial loan book

Line FY25 FY24 YoY
Profit & loss
Turnover £278.8m £219.7m ▲ +27%
Gross profit £28.6m £22.2m ▲ +29%
Admin expenses £18.8m £13.8m ▲ +36%
Operating profit £10m £8.2m ▲ +22%
Finance costs £2.6m £3.4m ▼ −24%
Profit before tax £10.6m £7.1m ▲ +48%
Net profit £7.9m £5.3m ▲ +49%
People & pay
Avg. headcount 182 117 ▲ +56%
Staff cost £11.4m £8.5m ▲ +34%
Director pay £2.6m £3.1m ▼ −16%
Highest-paid director £1.5m £1.2m ▲ +27%

Turnover climbed 27% to £278.8m, taking operating profit up to £10m. Headcount expanded by 55%, though total director remuneration actually shrank 16%. However, the highest-paid director line still recorded a 26% increase to £1.54m. The notable reading is in the related-party notes, which detail an extensive array of seven-figure loans moving between the company, the wider group, and the directors.

Carl Zeiss Microscopy Limited [4]

03053545 · Parent-only

Parent-backed

Line FY25 FY24 YoY
Profit & loss
Turnover £94.7m £96.8m ▼ −2%
Gross profit £24.5m £20.5m ▲ +20%
Operating profit £7.9m £7.7m ▲ +3%
Finance costs £21,000 £21,000 ▲ −0%
Profit before tax £7.7m £5.4m ▲ +41%
Net profit £6.1m £4.3m ▲ +44%
People & pay
Avg. headcount 181 187 ▼ −3%
Staff cost £10.5m £10.9m ▼ −4%
Director pay £149k £357k ▼ −58%
Highest-paid director £149k £214k ▼ −30%

A quiet, parent-only filing. Turnover slipped 2% to £94.7m, but net profit jumped 42% to £6.1m. Average headcount fell slightly and the boardroom payroll halved. The going-concern note is supported by a cash pool facility and a letter of support from the German parent entity.

Select Technology Sales And Distribution (Uk) Limited [5]

07034450 · Parent-only

Sparse and shrinking

Line FY25 FY24 YoY
Profit & loss
Turnover £83.7m £100.9m ▼ −17%
Gross profit £8.7m £10.3m ▼ −15%
Admin expenses £8.4m £9.8m ▼ −14%

A filleted set of accounts with no profit or headcount lines to review. What we can see is a 17% drop in turnover to £83.7m, taking gross profit down with it. Not much meat on this bone.

I'd note the director loans, but I'm too busy looking for the missing profit lines.

  1. Innospec Limited (00344359)
  2. Blue Diamond Uk Limited (02421720)
  3. The Remet Group Limited (13949461)
  4. Carl Zeiss Microscopy Limited (03053545)
  5. Select Technology Sales And Distribution (Uk) Limited (07034450)