BRITANNIA REFINED METALS LIMITED
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Cash
£742k
-79.9% lowest in 3 filed years
Net assets
£85m
+0.1% vs 2024
Employees
144
-1.4% lowest in 3 filed years
Profit before tax
£4.2m
-36.7% lowest in 3 filed years
Net assets
3-year trend · vs Basic Materials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £68,386,000 | £73,350,000 | £72,527,000 | -1.1% | |
| Operating profit | £6,500,000 | £5,880,000 | £4,271,000 | -27.4% | |
| Profit before tax | £7,892,000 | £6,631,000 | £4,198,000 | -36.7% | |
| Net profit | £5,393,000 | £4,246,000 | -£360,000 | -108.5% | |
| Cash | £21,887,000 | £3,692,000 | £742,000 | -79.9% | |
| Total assets less current liabilities | £96,779,000 | £105,520,000 | £111,751,000 | +5.9% | |
| Net assets | £80,785,000 | £84,468,000 | £84,568,000 | +0.1% | |
| Equity | £80,785,000 | £84,468,000 | £84,568,000 | +0.1% | |
| Average employees | 147 | 146 | 144 | -1.4% | |
| Wages | £8,369,000 | £8,841,000 | £9,396,000 | +6.3% | |
| Directors' remuneration | £1,005,357 | £1,107,290 | £1,166,273 | +5.3% | |
| Directors' pension contributions | £85,952 | £112,756 | £114,383 | +1.4% | |
| Highest paid director | £566,147 | £605,484 | £623,287 | +2.9% |
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 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 9.5% | 8.0% | 5.9% | |
| Net margin | 7.9% | 5.8% | -0.5% | |
| Return on capital employed | 6.7% | 5.6% | 3.8% | |
| Gearing (liabilities / total assets) | 26.1% | 31.4% | 37.0% | |
| Current ratio | 3.36x | 1.59x | 1.06x | |
| Interest cover | 23.21x | 17.60x | 5.59x |
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 1 time since incorporation
- BRITANNIA REFINED METALS LIMITED 1979-12-31 → present
- BRITANNIA LEAD COMPANY LIMITED 1930-12-04 → 1979-12-31
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared the financial statements on the going concern basis after considering the company's ability to continue operations for the foreseeable future.”
Group structure
- BRITANNIA REFINED METALS LIMITED · parent
- Britannia Refined Metals Retirement Plan Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 25 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PIGOTT, Martin James | Secretary | 2020-06-01 | — | — |
| CARSON, Anna | Director | 2015-10-01 | Feb 1970 | British |
| CONSTANT, Carole Anne | Director | 2014-03-18 | Mar 1961 | British |
| HERNANDEZ ARNANZ, Miguel Angel | Director | 2022-03-10 | Aug 1989 | Spanish |
| WILSON, Neil Andrew | Director | 2025-07-01 | Apr 1975 | British |
Show 25 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CROMACK, Andrew Michael | Secretary | 1996-01-01 | 2000-08-29 |
| GILROY, Howard Stephen | Secretary | 2005-01-07 | 2020-05-31 |
| GLADWIN, Michael | Secretary | — | 1995-12-31 |
| HAYES, Roger | Secretary | 2000-08-30 | 2001-10-19 |
| SURACE, Vincenzo | Secretary | 2001-10-19 | 2005-01-07 |
| BREEN, Alan Mackie | Director | 2001-11-06 | 2004-06-28 |
| CRAVEN, Graeme | Director | 2009-03-25 | 2014-03-18 |
| DIXON, Michael William | Director | — | 1992-09-28 |
| DOUGHTY, William Ronald, Sir | Director | — | 1995-09-30 |
| FRAMP, Paul Charles | Director | 1995-10-01 | 2001-11-06 |
| GILROY, Howard Stephen | Director | 2005-01-07 | 2020-05-31 |
| HAYES, Roger | Director | 1995-09-29 | 2001-10-19 |
| HENDERSON, Jeffrey William | Director | 2018-01-31 | 2021-09-27 |
| IRWIN, Alastair Giles | Director | — | 1995-09-30 |
| MILLS, Robert Hurst Yarnton | Director | — | 1995-09-30 |
| NAVALPOTRO, Carlos | Director | 2018-01-31 | 2022-08-18 |
| PUGH, Alan Victor | Director | — | 2000-12-31 |
| ROMERO FERNANDEZ, Manuel | Director | 2009-03-25 | 2018-01-31 |
| SUAREZ, Fernando | Director | 2009-03-25 | 2018-01-31 |
| SURACE, Vincenzo | Director | 2001-10-19 | 2005-01-07 |
| TAYLOR, Matthew | Director | 2009-03-25 | 2018-06-30 |
| TEMBOURY, Javier | Director | 2009-03-25 | 2015-10-01 |
| VON STEINKELLER, Florian Jurgen Bogislaw | Director | 2012-05-16 | 2026-02-24 |
| WARDLE, Neil | Director | 2003-05-02 | 2012-05-25 |
| WILLIAMS, Tobias Damodara Dasa | Director | 2021-11-12 | 2025-07-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Glencore Plc | Corporate entity | Shares 75–100% | 2021-12-20 | Active |
| Glencore Uk Ltd | Corporate entity | Shares 75–100% | 2021-11-15 | Ceased 2021-12-20 |
| Xstrata Limited | Corporate entity | Shares 75–100% | 2016-11-17 | Ceased 2021-11-15 |
| Mount Isa Holdings (Uk) Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2016-11-17 |
Filing timeline
Last 20 of 165 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-23 | AA | accounts | Accounts with accounts type full | |
| 2026-02-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-04 | AA | accounts | Accounts with accounts type full | |
| 2025-09-29 | CH01 | officers | Change person director company with change date | |
| 2025-07-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-31 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-09 | AA | accounts | Accounts with accounts type full | |
| 2023-12-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-08 | AA | accounts | Accounts with accounts type full | |
| 2022-12-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-09 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-12-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-09-26 | AA | accounts | Accounts with accounts type full | |
| 2022-08-18 | TM01 | officers | Termination director company with name termination date | |
| 2022-03-10 | AP01 | officers | Appoint person director company with name date | |
| 2021-12-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- 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.