JOTUN PAINTS (EUROPE) LIMITED
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Cash
£17m
+19.9% highest in 3 filed years
Net assets
£40m
+2.8% vs 2024
Employees
235
-6.7% lowest in 3 filed years
Profit before tax
£15m
+30.9% vs 2024
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 | £213,044,000 | £182,354,000 | £184,295,000 | +1.1% | |
| Operating profit | £20,513,000 | £14,762,000 | £16,331,000 | +10.6% | |
| Profit before tax | £18,633,000 | £11,390,000 | £14,910,000 | +30.9% | |
| Net profit | £13,975,000 | £8,315,000 | £11,340,000 | +36.4% | |
| Cash | £15,634,000 | £14,416,000 | £17,288,000 | +19.9% | |
| Total assets less current liabilities | £70,480,000 | £67,196,000 | £67,677,000 | +0.7% | |
| Net assets | £43,023,000 | £38,427,000 | £39,514,000 | +2.8% | |
| Equity | £43,023,000 | £38,427,000 | £39,514,000 | +2.8% | |
| Average employees | 256 | 252 | 235 | -6.7% | |
| Wages | £14,610,000 | £14,750,000 | £14,492,000 | -1.7% | |
| Directors' remuneration | £490,000 | £532,000 | £574,000 | +7.9% | |
| Directors' pension contributions | £76,000 | £91,000 | £100,000 | +9.9% | |
| Highest paid director | £178,000 | £208,000 | £231,000 | +11.1% |
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 | 9.6% | 8.1% | 8.9% | |
| Net margin | 6.6% | 4.6% | 6.2% | |
| Return on capital employed | 29.1% | 22.0% | 24.1% | |
| Gearing (liabilities / total assets) | 56.2% | 59.1% | 58.9% | |
| Current ratio | 2.78x | 2.79x | 2.76x | |
| Interest cover | 9.97x | 4.39x | 11.82x |
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
- JOTUN PAINTS (EUROPE) LIMITED 2001-10-01 → present
- JOTUN-HENRY CLARK LIMITED 1967-12-22 → 2001-10-01
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On the basis of their assessment of the Company's financial position the Company's Directors have a reasonable expectation that the Company will be able to continue in operational existence for the foreseeable future and at least until the going concern review period of 30 June 2027. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Significant events
- “The war in Iran has had minimal impact to the company at this point and the impact is being assessed.”
- “During December 2024 the scheme performed a buy-in, purchasing a bulk annuity to reduce volatility in the asset and liability movements.”
- “Jotun Paints (Europe) Limited have a £100,000 contingent liability in respect of a guarantee issued to HM Customs & Excise for deferred VAT and Duty levies.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 27 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WEST, John William | Secretary | 2018-05-01 | — | — |
| BIGSETH, Jon | Director | 2022-06-08 | Jan 1974 | South Korean |
| MYRSETH, Kenneth | Director | 2022-06-08 | Mar 1970 | Norwegian |
| OSTAD, Sigbjorn | Director | 2022-06-08 | Jan 1974 | Norwegian |
Show 27 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOOTH, Malcolm Kevin | Secretary | 2007-07-13 | 2018-05-01 |
| WESTON, Michael Anthony | Secretary | — | 2007-07-13 |
| BERG, Per | Director | — | 1996-08-01 |
| BOHLIN, Peder | Director | 2001-05-11 | 2005-06-10 |
| CHAPMAN, Richard Mark | Director | 2005-06-10 | 2013-05-28 |
| CHEW, Martin | Director | 2006-09-19 | 2008-05-28 |
| CLARK, Lionel Derek Musgrove | Director | — | 2002-01-20 |
| COX, Kenneth John | Director | — | 1998-06-30 |
| DOBBIN, Gordon Joseph | Director | 2022-03-30 | 2022-06-30 |
| FJELDSKAR, Stian | Director | 2017-12-07 | 2022-06-08 |
| FON, Morten | Director | 2005-07-04 | 2006-09-19 |
| GUNDERSEN, Kjell | Director | 2013-01-01 | 2017-02-14 |
| GUREN, Ben | Director | 2007-11-23 | 2012-03-16 |
| HEGGEM, Wenche Olsen | Director | 2017-02-14 | 2017-12-07 |
| HERSEY, Martin John | Director | 1998-12-18 | 2005-06-10 |
| HERSVE, Esben | Director | 2004-03-22 | 2007-11-23 |
| HVALVIK, Harald | Director | 2017-03-15 | 2021-12-31 |
| JOHANSEN, Peter John Sverre | Director | 1992-05-06 | 1997-03-07 |
| LANGNES, Arne Jorgen | Director | — | 1993-05-18 |
| LUNDE, Stein Petter | Director | 2007-11-23 | 2012-12-31 |
| MELAND, Harald | Director | 1996-08-01 | 2001-05-11 |
| MOHN, Frank | Director | 2002-09-27 | 2004-03-22 |
| NILSEN, Marianne Terland | Director | 2013-05-28 | 2017-03-15 |
| RONEID, Audun | Director | 2004-03-22 | 2007-11-23 |
| SCOTLAND, Nicholas John | Director | — | 2005-06-10 |
| SLETSJOE, Kjell | Director | 2000-05-11 | 2005-06-10 |
| YOUNG, Michael John | Director | 2012-03-01 | 2022-05-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Bjorn Skjelby | Individual | Significant influence | 2022-03-01 | Active |
| Mr Harald Hvalvik | Individual | Significant influence | 2017-03-15 | Ceased 2021-12-31 |
| Mrs Wenche Olsen Heggem | Individual | Significant influence | 2017-02-14 | Ceased 2022-02-28 |
| Jotun A/S | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, Appoints directors (as firm), Significant influence (as firm) | 2016-04-06 | Ceased 2021-01-01 |
| Mrs Marianne Terland Nilsen | Individual | Significant influence, Significant influence (as firm) | 2016-04-06 | Ceased 2017-03-15 |
| Mr Kjell Gundersen | Individual | Significant influence | 2016-04-06 | Ceased 2017-02-14 |
Filing timeline
Last 20 of 200 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-26 | TM01 | officers | Termination director company with name termination date | |
| 2026-08-19 | AA | accounts | Accounts with accounts type full | |
| 2026-02-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-07 | AA | accounts | Accounts with accounts type full | |
| 2025-02-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-29 | AA | accounts | Accounts with accounts type full | |
| 2024-02-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-11 | AA | accounts | Accounts with accounts type full | |
| 2023-02-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-21 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-02-21 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-07-13 | TM01 | officers | Termination director company with name termination date | |
| 2022-06-14 | TM01 | officers | Termination director company with name termination date | |
| 2022-06-14 | AP01 | officers | Appoint person director company with name date | |
| 2022-06-14 | AP01 | officers | Appoint person director company with name date | |
| 2022-06-14 | AP01 | officers | Appoint person director company with name date | |
| 2022-05-31 | TM01 | officers | Termination director company with name termination date | |
| 2022-04-12 | AA | accounts | Accounts with accounts type full | |
| 2022-03-30 | AP01 | officers | Appoint person director company with name date | |
| 2022-02-08 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- 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.