VERSALIS UK LTD
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Cash
£15M
+512.7% vs 2023
Net assets
£24M
+691.9% vs 2023
Employees
—
Average over period
Profit before tax
-£13M
+78.1% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-06-15.
-
Accounts not prepared on a going-concern basis
Taking into considerations the ceasing of operations at the Grangemouth plant and related trading activity in 2024, the directors have prepared the Financial Statements on the basis of 'other than going concern'.
-
Going-concern uncertainty disclosed
Net assets
2-year trend · vs Basic Materials 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 | £68,261,000 | £34,458,000 | -49.5% | |
| Operating profit | -£56,581,000 | -£13,144,000 | +76.8% | |
| Profit before tax | -£57,533,000 | -£12,590,000 | +78.1% | |
| Net profit | — | £17,841,000 | — | |
| Cash | £2,410,000 | £14,766,000 | +512.7% | |
| Total assets less current liabilities | £24,876,000 | £39,599,000 | +59.2% | |
| Net assets | -£4,024,000 | £23,817,000 | +691.9% | |
| Equity | -£4,024,000 | £23,817,000 | +691.9% | |
| Average employees | — | — | — | |
| Wages | £7,463,000 | £8,709,000 | +16.7% | |
| Directors' remuneration | £370,000 | £191,000 | -48.4% |
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 | -82.9% | -38.1% | |
| Net margin | — | 51.8% | |
| Return on capital employed | -227.5% | -33.2% | |
| Gearing (liabilities / total assets) | 110.1% | 50.6% | |
| Current ratio | 2.64x | 5.59x | |
| Interest cover | -59.43x | — |
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 4 times since incorporation
- VERSALIS UK LTD 2014-03-03 → present
- POLIMERI EUROPA UK LIMITED 2002-10-01 → 2014-03-03
- ENICHEM UK LIMITED 1998-01-01 → 2002-10-01
- ENICHEM ELASTOMERS LIMITED 1984-01-03 → 1998-01-01
- ENOXY CHEMICAL LIMITED 1955-11-25 → 1984-01-03
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“Taking into considerations the ceasing of operations at the Grangemouth plant and related trading activity in 2024, the directors have prepared the Financial Statements on the basis of 'other than going concern'.”
Significant events
- “As a direct result of the consultation that concluded in December 2023 the first stage of redundancies took place in April 2024 and the second set of redundancies took place in December 2024.”
- “The business ceased production and economic activity in 2024, so the risk and uncertainties have changed and reflect those risks and uncertainties associated with a discontinued business.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 46 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCCORMICK, John Patterson | Secretary | 2016-12-15 | — | — |
| CARIANNI, Graziana | Director | 2025-05-14 | Jun 1970 | Italian |
| PASCOE, Andrew John | Director | 2023-06-01 | Mar 1973 | British |
| SQUADRONE, Renato | Director | 2024-07-29 | Jul 1965 | Italian |
Show 46 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GOODSON, Peter | Secretary | 2015-09-30 | 2017-04-26 |
| MACDONALD, James Douglas | Secretary | 1996-11-28 | 2003-09-22 |
| MAYNARD, Nicholas Francis | Secretary | 2003-09-23 | 2009-08-21 |
| MCKINLEY, James Alexander | Secretary | 2009-11-09 | 2015-09-30 |
| MIDDLETON, William | Secretary | — | 1996-10-16 |
| ATKINSON, David John | Director | 2014-01-01 | 2017-04-30 |
| ATKINSON, David John | Director | 2008-05-12 | 2014-01-01 |
| BALDRATI, Paolo | Director | 2014-01-01 | 2017-01-01 |
| BATTERSBY, Robert Langford | Director | 2003-09-18 | 2007-01-31 |
| CARIANNI, Graziana | Director | 2017-01-01 | 2019-12-31 |
| CASADIO, Vito | Director | 2007-02-01 | 2011-07-01 |
| COLOMBO, Alessandra | Director | 2014-01-01 | 2017-01-01 |
| DELFINO, Franco | Director | 1995-03-03 | 1997-04-17 |
| DIOTTI, Marco | Director | 2020-01-01 | 2024-07-29 |
| FALZONE, Michele Corrado, Dr | Director | 2007-02-01 | 2008-12-22 |
| FIORE, Benito | Director | 1992-06-19 | 1995-05-01 |
| FOGLIANO, Amedeo | Director | 1995-01-01 | 1997-04-17 |
| FRONZONI, Ferruccio | Director | — | 1994-12-31 |
| GIAMPAOLO, Carlo | Director | 1991-11-26 | 1994-12-12 |
| GUELLA, Luigi | Director | 2007-02-01 | 2008-05-09 |
| GUELLA, Luigi | Director | 1998-10-02 | 2003-09-18 |
| IABICHELLA, Salvatore | Director | 1997-04-17 | 2000-12-05 |
| LA SCOLA, Giuseppe | Director | 2011-07-01 | 2012-02-15 |
| LARGHI, Cesare | Director | 1997-04-17 | 1998-10-02 |
| LAROCCA, Vincenzo Maria | Director | 2003-04-15 | 2006-12-30 |
| MACDONALD, James Douglas | Director | 2003-09-18 | 2011-07-01 |
| MUCCIOLI, Vanni | Director | 2017-01-01 | 2024-12-03 |
| NANNINI, Gian Luigi, Doctor | Director | 1999-03-09 | 2001-12-19 |
| NAPOLITANO, Nicola | Director | 2011-07-01 | 2014-01-01 |
| ORIOLI, Gianpetro | Director | — | 1994-10-24 |
| OTTAVIANO, Claudio | Director | 2008-05-12 | 2011-05-11 |
| PAIELLA, Roberto, Dott | Director | 2000-12-12 | 2006-12-30 |
| PANELLA, Paolo | Director | — | 1994-10-10 |
| PAZZINI, Emanuele | Director | 2024-12-03 | 2025-05-14 |
| PETYX, Federico | Director | 1994-03-18 | 1994-09-26 |
| PHELAN, Edgar Thomas | Director | — | 1995-03-02 |
| PROTOPAPA, Antonio | Director | 2008-05-12 | 2014-01-01 |
| SALA, Franco | Director | 1998-10-02 | 2001-12-10 |
| SAMPIETRO, Giuseppe | Director | — | 1994-12-12 |
| SANTAMARIA AMATO, Giuseppe | Director | 1997-04-17 | 1998-05-28 |
| SAPORITO, Giovanni | Director | 2008-12-22 | 2014-01-01 |
| SCHIAFFELLA, Paolo | Director | 2001-12-14 | 2003-04-14 |
| SPREAFICO, Cesare | Director | 1994-10-12 | 1998-10-02 |
| TOMASINO, Andrea | Director | 2017-05-01 | 2023-05-31 |
| VASINI, Gilberto | Director | — | 1994-02-16 |
| ZAPPATERRA, Tiziano | Director | — | 1993-07-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Versalis Spa | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 244 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-17 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-16 | AAMD | accounts | Accounts amended with accounts type full | |
| 2025-12-23 | RP01SH01 | miscellaneous | Legacy | |
| 2025-12-17 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-12-17 | SH20 | capital | Legacy | |
| 2025-12-17 | CAP-SS | insolvency | Legacy | |
| 2025-12-17 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-17 | RP01SH01 | miscellaneous | Legacy | |
| 2025-12-17 | RP01SH01 | miscellaneous | Legacy | |
| 2025-08-18 | AA | accounts | Accounts with accounts type full | |
| 2025-06-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-07 | AA | accounts | Accounts with accounts type full | |
| 2024-09-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-03 | SH01 | capital | Capital allotment shares | |
| 2024-04-02 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 0
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.