IGM RESINS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-13 (in 3mo)
Last made up 2025-07-30
Watchouts
Cash
£268K
-49.4% lowest in 5 filed years
Net assets
£7M
+2.5% vs 2023
Employees
3
0% vs 2023
Profit before tax
£246K
+537.5% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | £12,023,373 | £12,567,404 | — | £8,216,685 | £9,877,269 | |
| Operating profit | £2,613,168 | £2,657,477 | — | £44,241 | £236,837 | |
| Profit before tax | £2,611,314 | £2,654,745 | £3,033,663 | £38,540 | £245,694 | |
| Net profit | £2,114,683 | £2,148,022 | £2,456,788 | £29,523 | £184,500 | |
| Cash | £749,418 | £821,821 | £1,532,311 | £530,279 | £268,400 | |
| Total assets less current liabilities | — | — | — | £7,286,261 | £7,470,761 | |
| Net assets | — | — | — | £7,286,261 | £7,470,761 | |
| Equity | £2,651,928 | £4,799,950 | £7,256,738 | £7,286,261 | £7,470,761 | |
| Average employees | 5 | — | 3 | 3 | 3 | |
| Wages | £339,312 | £218,877 | £217,153 | £223,550 | £161,951 | |
| Directors' remuneration | — | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+20.2%
£8,216,685 £9,877,269
-
Cash
-49.4%
£530,279 £268,400
lowest in 5 filed years
-
Net assets
+2.5%
£7,286,261 £7,470,761
-
Employees
0%
3 3
-
Operating profit
+435.3%
£44,241 £236,837
-
Profit before tax
+537.5%
£38,540 £245,694
-
Wages
-27.6%
£223,550 £161,951
lowest in 5 filed years
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
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 |
|---|---|---|---|---|---|---|
| Operating margin | 21.7% | 21.1% | — | 0.5% | 2.4% | |
| Net margin | 17.6% | 17.1% | — | 0.4% | 1.9% | |
| Return on capital employed | — | — | — | 0.6% | 3.2% | |
| Current ratio | — | — | — | 3.26x | 3.21x | |
| Interest cover | 1409.48x | 972.72x | — | 7.76x | — |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services
- Audit opinion
- Qualified
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Significant events
- “In 2024, changed (market) circumstances required a (re) alignment of IGM's strategic trajectory that further built on the foundations of IGM's Go Grow Green Strategy. A bottom-up gap analysis reviewing what was needed to get to Go Grow Green's desired goals, led to the formulation of 9 Strategic Actions.”
- “IGM's state-of-the-art facility in Anging (China), that went fully online over the course of 2024, again allows the Company to (re) introduce a competitive offering to customers in all regions.”
- “The commercial launch of the new BAPO-L, expected for Q3 2025, will further enhance this potential.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MORELISSEN, Jacob Hendrik Boudewijn | Director | 2024-04-05 | Sep 1970 | Dutch |
| VAN DER HEIDE, Matthijs | Director | 2022-02-09 | Aug 1979 | Dutch |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HARRISON, Irene Lesley | Nominee Secretary | 2003-07-30 | 2003-07-30 |
| HUIJBRECHTS, Adriaan | Secretary | 2004-05-04 | 2010-03-05 |
| SATTER, Wim | Secretary | 2010-03-05 | 2014-08-29 |
| BUSINESS INFORMATION RESEARCH & REPORTING LTD | Corporate Secretary | 2003-07-30 | 2004-08-16 |
| FRINDT JR, Edward Steven, Director | Director | 2018-03-03 | 2021-01-19 |
| GAMBADE, Wilfrid Alain | Director | 2021-01-19 | 2024-03-29 |
| HUIBERTS, John | Director | 2003-07-30 | 2018-07-03 |
| KNUDSEN, John George, Director | Director | 2018-07-03 | 2018-10-25 |
| OUDE VRIELINK, Bart | Director | 2018-10-25 | 2022-02-09 |
| BUSINESS INFORMATION RESEARCH & REPORTING LIMITED | Corporate Nominee Director | 2003-07-30 | 2003-07-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Igm Malta Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-11-22 | Active |
| Mr T M Mullen | Individual | Significant influence | 2016-04-06 | Ceased 2018-07-03 |
| Mr J B Kovach | Individual | Significant influence | 2016-04-06 | Ceased 2018-07-03 |
Filing timeline
Last 20 of 93 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-14 | AA | accounts | Accounts with accounts type full | |
| 2025-07-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-27 | AA | accounts | Accounts with accounts type full | |
| 2024-08-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-05 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-23 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-11-22 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2023-09-29 | AA | accounts | Accounts with accounts type full | |
| 2023-08-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-29 | AA | accounts | Accounts with accounts type full | |
| 2022-08-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-10 | TM01 | officers | Termination director company with name termination date | |
| 2022-02-10 | AP01 | officers | Appoint person director company with name date | |
| 2021-09-10 | AA | accounts | Accounts with accounts type audit exemption subsiduary | |
| 2021-09-10 | GUARANTEE2 | other | Legacy | |
| 2021-09-10 | PARENT_ACC | accounts | Legacy |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.