INDUSTRIAL CHEMICALS GROUP LIMITED
Get an alert when INDUSTRIAL CHEMICALS GROUP LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£2.2m
+143.2% vs 2024
Net assets
£96m
-1.8% vs 2024
Employees
472
-0.2% vs 2024
Profit before tax
£9.2m
+26.9% highest 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 | £188,490,377 | £169,767,726 | £177,301,428 | +4.4% | |
| Operating profit | £8,318,601 | £5,429,616 | £3,777,603 | -30.4% | |
| Profit before tax | £7,803,304 | £7,280,639 | £9,239,818 | +26.9% | |
| Net profit | £7,104,569 | £5,458,679 | £2,726,510 | -50.1% | |
| Cash | £7,150,081 | £905,871 | £2,203,411 | +143.2% | |
| Total assets less current liabilities | £99,758,989 | £109,590,274 | £112,792,514 | +2.9% | |
| Net assets | £91,939,419 | £97,311,380 | £95,561,890 | -1.8% | |
| Equity | £91,939,419 | £97,311,380 | £95,561,890 | -1.8% | |
| Average employees | 465 | 473 | 472 | -0.2% | |
| Wages | £24,819,387 | £26,021,686 | £26,411,924 | +1.5% | |
| Directors' remuneration | £759,953 | £1,258,388 | £1,500,357 | +19.2% | |
| Directors' pension contributions | £41,031 | £172,698 | £173,714 | +0.6% | |
| Highest paid director | £330,667 | £354,678 | £372,242 | +5% |
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 | 4.4% | 3.2% | 2.1% | |
| Net margin | 3.8% | 3.2% | 1.5% | |
| Return on capital employed | 8.3% | 5.0% | 3.3% | |
| Gearing (liabilities / total assets) | 38.3% | 36.2% | 39.7% | |
| Current ratio | 0.67x | 0.64x | 0.67x | |
| Interest cover | 16.11x | 16.39x | 8.01x |
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 2 times since incorporation
- INDUSTRIAL CHEMICALS GROUP LIMITED 1994-01-04 → present
- DAGENHAM STEEL LIMITED 1979-12-31 → 1994-01-04
- DAWNELLA ENGINEERING LIMITED 1976-03-10 → 1979-12-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Rickard Luckin Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“the directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going-concern basis in preparing the financial statements.”
Group structure
- INDUSTRIAL CHEMICALS GROUP LIMITED · parent
- Industrial Chemicals Limited 100%
Significant events
- “On 24 April 2026, a fine of £3.8m was imposed following HSE proceedings relating to two safety incidents that occurred in 2019 and 2022 respectively.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LOWTHIAN, Benjamin James | Secretary | 2015-01-19 | — | — |
| BOLLAND, Andrew James | Director | 2023-10-20 | Dec 1971 | British |
| CARVER, Allen Rodney | Director | — | Aug 1947 | British |
| CARVER, Charles Daryl | Director | — | Jun 1964 | British |
| CARVER, John William | Director | 2023-10-20 | Apr 1986 | British |
| STRANG, Edwin John | Director | 2012-03-26 | Mar 1958 | British |
| SWABY, Steven Mark | Director | 2023-10-20 | May 1977 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARVER, Charles Daryl | Secretary | — | 2015-01-19 |
| CARVER, John William | Director | — | 2020-08-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr John William Carver | Individual | Voting 25–50% | 2023-10-11 | Active |
| Mrs Joan Margarete Carver | Individual | Shares 25–50% | 2023-07-26 | Ceased 2023-10-11 |
| Mr John William Carver | Individual | Shares 25–50% | 2016-04-06 | Ceased 2020-08-18 |
| Mr Charles Daryl Carver | Individual | Voting 25–50% | 2016-04-06 | Active |
| Mr Allen Rodney Carver | Individual | Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 186 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-29 | AA | accounts | Accounts with accounts type group | |
| 2025-11-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2024-12-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-23 | CH01 | officers | Change person director company with change date | |
| 2024-10-23 | CH01 | officers | Change person director company with change date | |
| 2024-10-22 | CH01 | officers | Change person director company with change date | |
| 2024-09-27 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-09-27 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-09-27 | PSC04 | persons-with-significant-control | Change to a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.