STORA ENSO UK LIMITED
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Cash
£17m
+174.7% vs 2023
Net assets
£22m
-30.7% vs 2023
Employees
35
-10.3% vs 2023
Profit before tax
£3.9m
-1.5% vs 2023
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £150,518,000 | £151,799,000 | +0.9% | |
| Operating profit | £3,582,000 | £2,663,000 | -25.7% | |
| Profit before tax | £3,980,000 | £3,922,000 | -1.5% | |
| Net profit | £3,078,000 | £2,856,000 | -7.2% | |
| Cash | £6,254,000 | £17,181,000 | +174.7% | |
| Total assets less current liabilities | £31,816,000 | £22,015,000 | -30.8% | |
| Net assets | £31,582,000 | £21,883,000 | -30.7% | |
| Equity | £31,582,000 | £21,883,000 | -30.7% | |
| Average employees | 39 | 35 | -10.3% | |
| Wages | £3,190,000 | £3,492,000 | +9.5% | |
| Directors' remuneration | £446,000 | £772,000 | +73.1% | |
| Directors' pension contributions | £34,000 | £45,000 | +32.4% | |
| Highest paid director | £214,000 | £405,000 | +89.3% |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 2.4% | 1.8% | |
| Net margin | 2.0% | 1.9% | |
| Return on capital employed | 11.3% | 12.1% | |
| Gearing (liabilities / total assets) | 46.3% | 54.1% | |
| Current ratio | 2.16x | 1.84x |
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 6 times since incorporation
- STORA ENSO UK LIMITED 2019-09-30 → present
- STORA ENSO TIMBER UK LIMITED 1999-08-06 → 2019-09-30
- ENSO TIMBER LIMITED 1996-01-08 → 1999-08-06
- ENSO (SOFTWOODS) LIMITED 1991-11-22 → 1996-01-08
- HACKMAN (UK) LTD 1985-12-19 → 1991-11-22
- HACKMAN U.K. (SOFTWOODS) LIMITED 1983-12-09 → 1985-12-19
- HARDING & VICK LIMITED 1926-08-11 → 1983-12-09
Audit & accounting basis
- Accounting basis
- FRS 101 'Reduced Disclosure Framework'
- Reporting scope
- Standalone (parent only)
- Auditor
- HaysMac LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors of the board of the Company's ultimate parent undertaking and controlling party, Stora Enso Oyj, have confirmed their commitment via a letter of support, to continue providing financial support to the Company for a period of at least 12 months from the date on which the financial statements of the Company are approved by its board of directors. After consideration, the directors of the Company have a reasonable expectation that the parent company has adequate resources to honour this commitment. Additionally, the same is expected of the Company's resources and therefore its ability to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.”
Significant events
- “Declaration of dividend The Directors approved the payment of a dividend of £12.467m during the year.”
- “Office relocation The Directors made the decision to exit the Company's leased office premises at Ash Tree Court, Nottingham in October 2024, transitioning to a virtual office arrangement.”
- “Board composition During the year, the Directors oversaw changes to the Board, including the resignation of H M Sidney-Wilmot and R V Towsey in June 2024 and the appointment of J F Barr and M J J Terho in May 2024.”
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 |
|---|---|---|---|---|
| ETHERIDGE, Theresa | Director | 2026-01-26 | Nov 1971 | British |
| TERHO, Marko Jari Juhani | Director | 2024-05-31 | Jul 1972 | French |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARR, James Ford | Secretary | 2009-06-30 | 2013-11-01 |
| GLOVER, David Barrie | Secretary | — | 1999-06-30 |
| TICK, Aubrey Edward | Secretary | 1999-06-30 | 2009-06-30 |
| VALIKANGAS, Ville Valtteri | Secretary | 2013-11-01 | 2021-10-20 |
| BARDSLEY, John | Director | 2007-07-23 | 2009-07-31 |
| BARR, James Ford | Director | 2024-05-31 | 2026-01-26 |
| BARR, James Ford | Director | 2009-06-30 | 2021-06-24 |
| GLOVER, David Barrie | Director | 1995-01-01 | 1999-06-30 |
| HERMANSSON, Jorgen | Director | 2011-06-20 | 2017-12-03 |
| HONKANEN, Jari | Director | 2009-08-01 | 2011-06-20 |
| HUTTUNEN, Antti Jussi | Director | 1995-01-01 | 2007-07-23 |
| LARVIO, Eero Pentti Juhani | Director | 1993-01-01 | 2009-08-01 |
| MACADAM, William Roy | Director | — | 1992-12-01 |
| PELKONEN, Arno | Director | 1994-01-19 | 1995-01-01 |
| SIDNEY-WILMOT, Howard Mark | Director | 2017-12-03 | 2024-06-28 |
| SILVENNOINEN, Pertti Kalevi | Director | — | 1994-08-31 |
| TAHVANAINEN, Veli-Matti | Director | — | 1996-12-31 |
| TICK, Aubrey Edward | Director | 1999-06-30 | 2009-06-30 |
| TOWSEY, Russell Victor | Director | 2021-06-25 | 2024-06-28 |
| WAGER, Petri | Director | — | 1995-01-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Stora Enso Oyj | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-09-27 | Active |
| Stora Enso Holdings Uk Ltd | Corporate entity | Shares 75–100% | 2017-04-16 | Ceased 2022-09-27 |
Filing timeline
Last 20 of 160 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-25 | AA | accounts | Accounts with accounts type full | |
| 2026-01-29 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-29 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-30 | AA | accounts | Accounts with accounts type full | |
| 2025-06-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-27 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-10-31 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-07-26 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-26 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-09 | AA | accounts | Accounts with accounts type full | |
| 2023-06-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-11-29 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-11-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-11-03 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-09-23 | AA | accounts | Accounts with accounts type full | |
| 2022-06-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-13 | PSC05 | persons-with-significant-control | Change to a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.