COVESTRO UK LIMITED
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Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
—
Average over period
Profit before tax
£1.2m
-14.7% lowest 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 | £22,691,912 | £24,006,836 | £20,584,500 | -14.3% | |
| Operating profit | £1,211,023 | £1,298,134 | £1,106,285 | -14.8% | |
| Profit before tax | £1,269,133 | £1,435,720 | £1,224,956 | -14.7% | |
| Net profit | £965,124 | £1,066,881 | £916,525 | -14.1% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | £3,795,723 | £4,862,604 | — | — | |
| Net assets | £3,719,700 | £4,786,581 | — | — | |
| Equity | £3,719,700 | £4,786,581 | — | — | |
| Average employees | 22 | 17 | — | — | |
| Wages | £1,520,342 | £1,360,067 | — | — | |
| Directors' remuneration | £126,539 | £127,636 | — | — | |
| Directors' pension contributions | £13,208 | £25,899 | — | — |
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 | 5.3% | 5.4% | 5.4% | |
| Net margin | 4.3% | 4.4% | 4.5% | |
| Return on capital employed | 31.9% | 26.7% | — | |
| Gearing (liabilities / total assets) | 47.3% | 35.8% | — | |
| Current ratio | 2.10x | 2.81x | — |
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
- COVESTRO UK LIMITED 2015-09-02 → present
- BAULE UK LIMITED 1999-07-13 → 2015-09-02
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Josolyne LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Director has prepared cash flow forecasts for a period of 21 months from the date of approval of these financial statements which indicate that, taking account of reasonably possible downsides and its financial resources, the Company will have sufficient funds to meet its liabilities”
Significant events
- “On the 10 December 2025 Covestro AG announced the successful closing of its strategic partnership with XRG P.J.S.C. (formerly ADNOC International Limited, together with its subsidiaries in the following "XRG").”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GORMLEY, Stephen | Secretary | 2015-07-01 | — | — |
| GORMLEY, Stephen | Director | 2005-07-01 | May 1965 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WALKER, Diane | Secretary | 1999-07-14 | 2010-11-18 |
| WILKINSON, Mark Alastair | Secretary | 2014-04-15 | 2015-07-01 |
| HAMMOND SUDDARDS SECRETARIES LIMITED | Corporate Nominee Secretary | 1999-07-13 | 1999-07-14 |
| BAULE, Michel | Director | 1999-07-14 | 2012-04-01 |
| BRAIG, Thomas, Dr | Director | 2017-09-01 | 2018-07-18 |
| FRIEDE, Michael Bjorn | Director | 2014-11-01 | 2017-08-31 |
| GILLAN, Seamus | Director | 2015-07-01 | 2018-07-18 |
| HORNER, Philip | Director | 2004-02-10 | 2015-07-01 |
| LAMBERTS, Matthias Walter Wilheim, Dr. | Director | 2012-04-01 | 2014-10-31 |
| WALKER, Brian | Director | 1999-07-14 | 2010-11-18 |
| WALKER, Diane | Director | 2001-12-01 | 2010-11-18 |
| HAMMOND SUDDARDS DIRECTORS LIMITED | Corporate Nominee Director | 1999-07-13 | 1999-07-14 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 103 total filings
Material constitutional events — rename, articles re-file, resolution
- 2018-07-30 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-28 | AA | accounts | Accounts with accounts type full | |
| 2026-07-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-02 | AA | accounts | Accounts with accounts type full | |
| 2025-07-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-03 | AA | accounts | Accounts with accounts type full | |
| 2024-07-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-25 | AA | accounts | Accounts with accounts type full | |
| 2023-09-21 | CH01 | officers | Change person director company with change date | |
| 2023-07-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-06 | AA | accounts | Accounts with accounts type full | |
| 2022-07-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-09 | AA | accounts | Accounts with accounts type full | |
| 2021-07-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-19 | AA | accounts | Accounts with accounts type full | |
| 2020-07-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-08-19 | AA | accounts | Accounts with accounts type full | |
| 2019-07-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-07-30 | RESOLUTIONS | resolution | Resolution | |
| 2018-07-23 | TM01 | officers | Termination director company with name termination date | |
| 2018-07-23 | TM01 | officers | Termination director company with name termination date |
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.