The Accounts · daily brief
17 May 2026
Surging sales and a substantial director loan book
The takeaways
- 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]
Top-line surge
| Line | FY25 | FY24 |
|---|---|---|
| Turnover | EUR 632m▲ +42% | EUR 444m |
| Operating profit | EUR 57m▲ +34% | EUR 42m |
| Profit before tax | EUR 110m▲ +67% | EUR 66m |
| Net profit | EUR 103m▲ +83% | EUR 56m |
| Avg. headcount | 658▲ +3% | 636 |
| Staff cost | EUR 69m▲ +0% | EUR 69m |
| Director pay | EUR 4.8m▲ +9% | EUR 4.4m |
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]
Margin expansion
| Line | FY25 | FY24 |
|---|---|---|
| Turnover | £365m▲ +20% | £305m |
| Operating profit | £28m▲ +60% | £18m |
| Profit before tax | £22m▲ +90% | £12m |
| Net profit | £15m▲ +85% | £8.3m |
| Avg. headcount | 4,692▲ +14% | 4,125 |
| Staff cost | £98m▲ +17% | £83m |
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]
Substantial loan book
| Line | FY25 | FY24 |
|---|---|---|
| Turnover | £279m▲ +27% | £220m |
| Operating profit | £10.0m▲ +22% | £8.2m |
| Profit before tax | £11m▲ +48% | £7.1m |
| Net profit | £7.9m▲ +49% | £5.3m |
| Avg. headcount | 182▲ +56% | 117 |
| Staff cost | £11m▲ +34% | £8.5m |
| Director pay | £2.6m▼ −16% | £3.1m |
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]
Parent-backed
| Line | FY25 | FY24 |
|---|---|---|
| Turnover | £95m▼ −2% | £97m |
| Operating profit | £7.9m▲ +3% | £7.7m |
| Profit before tax | £7.7m▲ +41% | £5.4m |
| Net profit | £6.1m▲ +44% | £4.3m |
| Avg. headcount | 181▼ −3% | 187 |
| Staff cost | £11m▼ −4% | £11m |
| Director pay | £149k▼ −58% | £357k |
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]
Sparse and shrinking
| Line | FY25 | FY24 |
|---|---|---|
| Turnover | £84m▼ −17% | £101m |
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.
Sources
- Innospec Limited — Companies House filing history
- Blue Diamond Uk Limited — Companies House filing history
- The Remet Group Limited — Companies House filing history
- Carl Zeiss Microscopy Limited — Companies House filing history
- Select Technology Sales And Distribution (Uk) Limited — Companies House filing history