SIDERISE INSULATION LIMITED
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Cash
£9.4m
+87.7% highest in 6 filed years
Net assets
£57m
+9.7% highest in 6 filed years
Employees
138
-3.5% vs 2024
Profit before tax
£6.9m
-44.2% lowest in 6 filed years
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £24,093,849 | £28,719,932 | £36,788,296 | £44,914,000 | £47,697,000 | £45,694,000 | -4.2% | |
| Operating profit | £11,279,504 | £13,114,422 | £16,331,299 | £18,583,000 | £15,478,000 | £9,749,000 | -37% | |
| Profit before tax | £7,130,625 | £9,094,739 | £12,176,140 | £14,938,000 | £12,389,000 | £6,913,000 | -44.2% | |
| Net profit | £5,896,364 | £7,492,106 | £9,806,982 | £11,546,000 | £9,036,000 | £5,018,000 | -44.5% | |
| Cash | £6,338,713 | £6,877,939 | £2,741,901 | £8,816,000 | £4,986,000 | £9,361,000 | +87.7% | |
| Total assets less current liabilities | £14,051,170 | £21,720,637 | £31,914,702 | £43,343,000 | £52,743,000 | £57,599,000 | +9.2% | |
| Net assets | £13,970,276 | £21,462,382 | £31,269,364 | £42,815,000 | £51,851,000 | £56,869,000 | +9.7% | |
| Equity | £13,970,276 | £21,462,382 | £31,269,364 | £42,815,000 | £51,851,000 | £56,869,000 | +9.7% | |
| Average employees | 88 | 105 | 120 | 131 | 143 | 138 | -3.5% | |
| Wages | £3,141,548 | £4,082,764 | £4,400,652 | £5,946,000 | £7,453,000 | £7,667,000 | +2.9% | |
| Directors' remuneration | £105,705 | £185,591 | £141,052 | £246,000 | £223,000 | £94,000 | -57.8% | |
| Directors' pension contributions | £NaN | £NaN | £NaN | £6,000 | £9,000 | £9,000 | 0% | |
| Highest paid director | £NaN | £NaN | £NaN | £99,000 | £84,000 | — | — |
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 46.8% | 45.7% | 44.4% | 41.4% | 32.5% | 21.3% | |
| Net margin | 24.5% | 26.1% | 26.7% | 25.7% | 18.9% | 11.0% | |
| Return on capital employed | 80.3% | 60.4% | 51.2% | 42.9% | 29.3% | 16.9% | |
| Gearing (liabilities / total assets) | 29.1% | 18.2% | 23.9% | 22.9% | 21.9% | 26.0% | |
| Current ratio | — | — | — | 4.00x | 4.53x | 3.76x | |
| Interest cover | 2.72x | 3.26x | 3.93x | 4.92x | 4.84x | 3.03x |
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
- SIDERISE INSULATION LIMITED 2004-12-30 → present
- SIDERISE (WESTERN) LIMITED 1989-04-10 → 2004-12-30
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- SIDERISE INSULATION LIMITED · parent
- Siderise Middle East FZE 100%
- Siderise (Asia Pacific) PTE. Ltd. 100%
- Siderise India Private Limited 100%
- Siderise US LLC 100%
Significant events
- “During the year, the company recognised management charges of £3,690,000 (2024: £nil) relating to previous accounting periods and were identified and agreed during the current year.”
- “The exceptional costs in the prior year comprise: c.£1.25m in relation to exit preparation in readiness for the next stage in the life cycle of a private equity owned business; £763k in relation to asset and stock impairment, see note 12.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HENDY, Mark James | Director | 2023-09-19 | May 1985 | British |
| LADD, David | Director | 2025-09-29 | Dec 1964 | British |
| LAWS, Graham John | Director | 2020-12-14 | Jun 1976 | British |
| REES, Gavin Ian | Director | 2023-09-19 | Jan 1977 | British |
| RYAN, Tony Michael | Director | 2022-11-15 | Jul 1987 | Irish |
| TURK, Adam Marc | Director | 2020-12-14 | Mar 1964 | British |
| VIDLER, Richard Anthony | Director | 2023-09-19 | Aug 1976 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOND, Stephen William | Secretary | 2011-09-17 | 2012-09-10 |
| FREETH, Stephen Peter | Secretary | — | 2011-09-17 |
| PALMER, Leigh Graham | Secretary | 2012-09-10 | 2019-06-25 |
| BOND, Stephen William | Director | — | 2019-06-25 |
| BUSH, Stephen Thomas | Director | — | 1996-12-31 |
| HALL, Christopher | Director | 2019-01-02 | 2020-04-05 |
| HOLTON, Michael Damien | Director | 2023-09-19 | 2025-09-29 |
| JAMES, Anthony Rowden, Mr. | Director | 2018-04-17 | 2018-04-17 |
| JAMES, Antony Rowden, Mr. | Director | 2018-04-17 | 2020-12-31 |
| JAMES, Thomas Antony | Director | 2019-01-02 | 2022-02-07 |
| MOHAN, Philip | Director | 2007-11-01 | 2014-09-09 |
| PALMER, Leigh Graham | Director | 2012-03-01 | 2019-06-25 |
| PAVETT, Christopher | Director | 2020-12-14 | 2023-02-28 |
| SWALES, Stephen Charles, Mr. | Director | 2019-06-25 | 2025-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Siderise (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 133 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-10 | AA | accounts | Accounts with accounts type full | |
| 2026-06-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-18 | AA | accounts | Accounts with accounts type full | |
| 2025-05-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-27 | AA | accounts | Accounts with accounts type full | |
| 2024-04-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-29 | AA | accounts | Accounts with accounts type full | |
| 2023-04-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-28 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-21 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- 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.