AXALTA COATING SYSTEMS UK LIMITED
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Cash
£5.7m
-67.1% vs 2024
Net assets
£3.7bn
-0.7% vs 2024
Employees
61
+19.6% highest in 5 filed years
Profit before tax
£170m
+5,301% first positive since 2024
Net assets
5-year trend · vs Basic Materials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £40,994,000 | £49,495,000 | £58,304,000 | £52,591,000 | £49,674,000 | -5.5% | |
| Operating profit | £158,000 | £320,000 | £3,295,000 | -£6,963,000 | £8,300,000 | +219.2% | |
| Profit before tax | £85,508,000 | £43,792,000 | £265,808,000 | -£3,273,000 | £170,229,000 | +5,301% | |
| Net profit | £85,424,000 | £43,430,000 | £265,242,000 | -£3,797,000 | — | — | |
| Cash | £7,413,000 | £3,824,000 | £6,356,000 | £17,209,000 | £5,669,000 | -67.1% | |
| Total assets less current liabilities | £1,857,429,000 | £1,922,274,000 | £3,686,127,000 | £3,682,516,000 | £3,658,102,000 | -0.7% | |
| Net assets | — | — | £3,685,496,000 | £3,681,699,000 | £3,657,269,000 | -0.7% | |
| Equity | — | — | £3,685,496,000 | £3,681,699,000 | £3,657,269,000 | -0.7% | |
| Average employees | 44 | 44 | 45 | 51 | 61 | +19.6% | |
| Wages | £2,997,000 | £3,101,000 | £3,638,000 | £4,378,000 | £5,291,000 | +20.9% | |
| Directors' remuneration | £261,000 | £297,000 | £275,000 | £365,000 | £360,000 | -1.4% | |
| Directors' pension contributions | — | — | £23,000 | £24,000 | — | — | |
| Highest paid director | — | — | £182,000 | £249,000 | £249,000 | 0% |
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 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | 0.4% | 0.6% | 5.7% | -13.2% | 16.7% | |
| Net margin | — | 87.7% | — | -7.2% | — | |
| Return on capital employed | 0.0% | 0.0% | 0.1% | -0.2% | 0.2% | |
| Gearing (liabilities / total assets) | — | — | 0.6% | 0.5% | 0.5% | |
| Current ratio | — | — | 4.61x | 5.00x | 4.20x | |
| Interest cover | 79.00x | 4.38x | — | — | — |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 4 times since incorporation
- AXALTA COATING SYSTEMS UK LIMITED 2013-05-31 → present
- DUPONT PERFORMANCE COATINGS (U.K.) LIMITED 2000-01-10 → 2013-05-31
- DUPONT AUTOMOTIVE COATINGS (U.K.) LIMITED 1997-04-01 → 2000-01-10
- IDAC UK LIMITED 1988-05-09 → 1997-04-01
- INTERCEDE 538 LIMITED 1988-03-31 → 1988-05-09
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Johnston Carmichael LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Accordingly the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of at least 12 months from the date of approval of the financial statements, and have therefore prepared the financial statements on a going concern basis.”
Group structure
- AXALTA COATING SYSTEMS UK LIMITED · parent
- Axalta Coatings Systems GmbH 100%
- Axalta Coating Systems EMEA Holding B.V. 100%
- Axalta Coating Systems Belgium BV 100%
Significant events
- “Akzo Nobel N.V. ("Akzo Nobel") and Axalta Coating Systems Limited have entered into an agreement to combine in an all-stock merger of equals, expected to complete in late 2026 or 2027, subject to approval.”
- “On 30 June 2026, UPOL Limited disposed of its subsidiary, UPOL Canada, to Axalta Coating Systems UK Limited, for further reorganisation in Canada.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DOLAN, Farrell | Director | 2019-06-24 | Dec 1969 | British |
| YOUENS, Laura Michele | Director | 2025-03-28 | Feb 1983 | British |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAKER, Andrew | Secretary | 2005-10-06 | 2013-01-24 |
| BLENKINSOPP, James Ian | Secretary | 2013-03-20 | 2025-03-28 |
| CLEMENTS, Sarah Frances | Secretary | 2001-02-28 | 2005-10-06 |
| EVELEIGH, David Charles | Secretary | 1999-03-15 | 2001-02-28 |
| LEIPER, Janice Kathleen May | Secretary | 1996-04-18 | 1999-03-15 |
| TURTON, Patricia Anne | Secretary | 1994-02-11 | 1996-04-18 |
| WISNIEWSKI, Joseph Paul | Secretary | — | 1994-02-11 |
| BAKER, Andrew | Director | 2004-08-03 | 2013-01-24 |
| BELLAMY, Brian Leslie | Director | 1997-04-01 | 1998-10-10 |
| BLENKINSOPP, James Ian | Director | 2013-01-24 | 2025-03-28 |
| DAVIS, Michael Keith | Director | 2013-01-24 | 2019-06-24 |
| DIENST, Klaus Max | Director | 1992-12-17 | 1994-03-07 |
| EDWARDS, John Robert | Director | — | 1992-12-17 |
| GOUGH, Adrian Paul | Director | 2008-01-31 | 2013-01-24 |
| HUGHES, Trevor John | Director | 1998-10-12 | 2000-06-02 |
| KNIGHT, George Barry Richard | Director | 1999-12-16 | 2002-05-30 |
| KORDOMENOS, Panagiotis Ioannis, Dr | Director | 1992-12-17 | 1996-05-13 |
| LEWIS, John Ralph | Director | — | 1992-12-17 |
| PEARSON, Joseph Linton | Director | — | 2004-08-03 |
| TAYLOR, Michael John | Director | 1999-12-16 | 2008-01-31 |
| TURTON, Patricia Anne | Director | 1994-02-11 | 1996-03-31 |
| WEIGAND, James Robert | Director | — | 1995-02-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Axalta Coating Systems Uk Holding Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 201 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AA | accounts | Accounts with accounts type full | |
| 2026-09-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-27 | AA | accounts | Accounts with accounts type full | |
| 2025-10-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-28 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-03-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-22 | AA | accounts | Accounts with accounts type full | |
| 2024-02-15 | SH01 | capital | Capital allotment shares | |
| 2023-12-16 | AAMD | accounts | Accounts amended with accounts type full | |
| 2023-10-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-29 | AA | accounts | Accounts with accounts type full | |
| 2023-04-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-04-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-04-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-04-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-10-11 | SH01 | capital | Capital allotment shares | |
| 2022-10-06 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.