MITSUBISHI CHEMICAL UK LIMITED

Figures converted to GBP from EUR at 0.870 per EUR (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

  -1.3%

  £416,644,926 → £411,253,152

• Cash

  +203.2%

  £8,087,660 → £24,523,872

• Net assets

  +10%

  £170,275,676 → £187,233,672

• Employees

  -19.1%

  535 → 433

• Operating profit

  -62.5%

  £59,831,290 → £22,436,734

• Profit before tax

  -66.1%

  £53,048,091 → £18,001,565

• Wages

  -0.7%

  £34,959,562 → £34,698,669

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

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.

1. MITSUBISHI CHEMICAL UK LIMITED 2020-11-16 → present
2. LUCITE INTERNATIONAL UK LIMITED 2002-05-08 → 2020-11-16
3. INEOS ACRYLICS UK LIMITED 1999-10-20 → 2002-05-08
4. INEOS ACRYLICS UK TRADER LIMITED 1999-09-28 → 1999-10-20
5. SERIESDESIGN LIMITED 1999-08-23 → 1999-09-28

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have prepared cashflow forecasts for the Company for the period to 31 March 2027 under a base case scenario based upon their best estimate of future trading performance and under a number of stressed scenarios. ... Additionally, the Directors have received written confirmation from the ultimate parent, Mitsubishi Chemical Group Corporation, which it will continue to provide unconditional financial support to the Company for the period to 31 March 2027. On the basis of their assessment of the Company's financial position and the risks to which it is exposed, the Directors believe that the Company will be able to continue in operational existence throughout the going concern period.”

Significant events

• “the Company took the decision to close its UK production site in February 2023.”
• “the Company agreed to sell the Electrolyte division in December 2025.”
• “a significant milestone during the year was the continued development of the Soarnol plant extension at the Saltend Chemicals Park in Hull.”
• “The Methacrylates division will continue to manage the safe demolition of the production plant at the Cassel site.”
• “Electrolytes division sale: since the year end, the Company has been working with its ultimate parent company, Mitsubishi Chemical Group Corporation, on its decision to sell its UK and US lithium-ion battery manufacturing bases.”
• “In September 2025, the Company entered into a new loan agreement with Mitsubishi Chemical Europe GmbH, securing funding of €275 million, rising to a maximum of €470 million.”
• “During December 2025, the Company agreed to sell its Electrolyte division for a total consideration less than the current fixed asset value.”

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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