BASF METAL FORWARDS LIMITED

• ⚠

  Material uncertainty over going concern

  The directors have not prepared the financial statements on a going concern basis, as the Directors have made the decision to dissolve the business (Note 1 (b)). Emphasis of matter - Financial statements prepared on a basis other than that of a going concern. We draw attention to note 1(b) in the financial statements, which indicates that the financial statements have been prepared on a basis other than that of a going concern.

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  —

  Not reported

• Cash

  +8.8%

  £1,894,296 → £2,061,748

• Net assets

  -93.5%

  £31,869,627 → £2,059,505

• Employees

  —

  Not reported

• Operating profit

  +197.9%

  -£282,575 → £276,594

• Profit before tax

  +355.5%

  £382,747 → £1,743,291

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

1. BASF METAL FORWARDS LIMITED 2012-03-15 → present
2. ENGELHARD INTERNATIONAL LIMITED 1995-09-12 → 2012-03-15

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The directors have not prepared the financial statements on a going concern basis, as the Directors have made the decision to dissolve the business (Note 1 (b)). Emphasis of matter - Financial statements prepared on a basis other than that of a going concern. We draw attention to note 1(b) in the financial statements, which indicates that the financial statements have been prepared on a basis other than that of a going concern.”

Significant events

• “The Company ceased trading activities in June 2022 and the final client contract matured in December 2023.”
• “On 2nd April 2024 the Financial Conduct Authority approved the Company's application to cancel its Investment Firm status.”
• “On 21st October 2024, the Directors approved a proposal to reduce the share capital of the Company from £25,000,000 (comprising 25,000,000 ordinary shares of £1 each) to £1 (comprising of 1 ordinary share of £1). A dividend of $41,750,000 was paid to the parent company on 22nd October 2024.”
• “On 20 June 2025 the Company transferred its shareholding of 8,000 1p B shares in LME Holdings Limited to another group company, at carrying value, in preparation of the liquidation process.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

2

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.