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
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]

02421720 · Group

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]

13949461 · Group

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]

03053545 · Parent-only

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]

07034450 · Parent-only

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.

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