HUBBARD PRODUCTS LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-01-26 (in 8mo)
Last made up 2026-01-12
Watchouts
Cash
—
Latest balance sheet
Net assets
-£15M
-5.4% lowest in 3 filed years
Employees
170
-8.6% lowest in 3 filed years
Profit before tax
-£2M
+52.5% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2025-03-31
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £21,750,301 | £23,083,445 | |
| Operating profit | — | — | — | — | -£2,220,039 | -£140,914 | |
| Profit before tax | — | — | — | -£2,645,251 | -£3,742,537 | -£1,779,364 | |
| Net profit | — | — | — | -£1,744,864 | -£3,146,642 | -£771,364 | |
| Cash | — | — | — | — | — | — | |
| Total assets less current liabilities | — | — | — | -£10,677,887 | -£14,013,322 | -£14,768,092 | |
| Net assets | — | — | — | -£11,167,906 | -£14,314,548 | -£15,085,912 | |
| Equity | — | — | — | -£11,167,906 | -£14,314,548 | -£15,085,912 | |
| Average employees | — | — | — | 182 | 186 | 170 | |
| Wages | — | — | — | — | £6,183,760 | £5,580,301 | |
| Directors' remuneration | — | — | — | £331,337 | £362,622 | £389,233 |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+6.1%
£21,750,301 £23,083,445
-
Cash
—
Not reported
-
Net assets
-5.4%
-£14,314,548 -£15,085,912
lowest in 3 filed years
-
Employees
-8.6%
186 170
lowest in 3 filed years
-
Operating profit
+93.7%
-£2,220,039 -£140,914
-
Profit before tax
+52.5%
-£3,742,537 -£1,779,364
highest in 3 filed years
-
Wages
-9.8%
£6,183,760 £5,580,301
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 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | -10.2% | -0.6% | |
| Net margin | — | — | — | — | -14.5% | -3.3% | |
| Return on capital employed | — | — | — | — | 15.8% | 1.0% | |
| Current ratio | — | — | — | — | 0.36x | 0.36x | |
| Interest cover | — | — | — | — | -1.46x | -0.09x |
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
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Following the going concern assessment made by the directors as explained within note 1.2 and with the offer of financial support in place from Daikin Europe Coordination Center N.V., the directors consider it appropriate that the financial statements are prepared on a going concern basis.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KATSOULIS, Ilias | Secretary | 2019-01-11 | — | — |
| KATSOULIS, Ilias | Director | 2019-01-11 | Sep 1977 | Greek |
| LAGRABETTE, Olivier Guy | Director | 2023-04-13 | Jan 1973 | French |
| UMAMOTO, Junji | Director | 2019-01-11 | Mar 1961 | Japanese |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MAUGHAN, Patrick Adrian | Secretary | 2007-04-18 | 2019-01-11 |
| DE BAETS, Frank Erik | Director | 2022-09-01 | 2026-02-27 |
| EVANGELISTI, Alessandro | Director | 2007-07-05 | 2013-01-14 |
| EVANGELISTI, Alessandro | Director | 2007-04-18 | 2007-04-18 |
| MAUGHAN, Patrick Adrian | Director | 2007-04-18 | 2023-04-13 |
| REGINIANO, Rudolph Jack Paul Alfred | Director | 2007-04-18 | 2019-01-11 |
| WARMENHOVEN, Jean-Paul Cornelis Hendrik | Director | 2022-09-01 | 2025-07-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Ilias Katsoulis | Individual | Significant influence | 2019-01-11 | Active |
| Zanotti Spa | Corporate entity | Shares 75–100% | 2018-06-12 | Ceased 2025-08-29 |
| Daikin Industries Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, right-to-appoint-and-remove-directors-as-firm, significant-influence-or-control-as-firm | 2016-07-05 | Active |
| Mr Patrick Adrian Maughan | Individual | Significant influence | 2016-04-06 | Ceased 2018-06-12 |
Filing timeline
Last 20 of 83 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-02 | AA | accounts | Accounts with accounts type full | |
| 2025-09-16 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-09-16 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-08-29 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-07-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-13 | AA | accounts | Accounts with accounts type full | |
| 2025-01-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-21 | AA | accounts | Accounts with accounts type full | |
| 2023-04-26 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-26 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-31 | AA | accounts | Accounts with accounts type full | |
| 2023-02-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-14 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-14 | AP01 | officers | Appoint person director company with name date | |
| 2022-02-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-07 | AA | accounts | Accounts with accounts type full | |
| 2021-06-23 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 2
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.