AKZO NOBEL ICI HOLDINGS
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Cash
—
Latest balance sheet
Net assets
-£21m
-114.5% vs 2024
Employees
—
Average over period
Profit before tax
£279m
-43.6% first positive since 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Financials 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 | — | £650,000,000 | £500,000,000 | -23.1% | |
| Operating profit | — | — | — | — | |
| Profit before tax | -£158,000,000 | £495,000,000 | £279,000,000 | -43.6% | |
| Net profit | -£121,000,000 | £534,000,000 | £334,000,000 | -37.5% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | £14,105,000,000 | £1,627,000,000 | £13,579,000,000 | +734.6% | |
| Net assets | -£239,000,000 | £145,000,000 | -£21,000,000 | -114.5% | |
| Equity | -£239,000,000 | £145,000,000 | -£21,000,000 | -114.5% | |
| Average employees | 0 | 0 | — | — | |
| Wages | — | — | — | — | |
| 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. 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 |
|---|---|---|---|---|
| Net margin | — | 82.2% | 66.8% | |
| Gearing (liabilities / total assets) | 101.6% | 99.1% | 100.1% |
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
- AKZO NOBEL ICI HOLDINGS 2008-07-30 → present
- AKZO NOBEL ICI HOLDINGS LIMITED 2008-03-14 → 2008-07-30
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors believe that the Company has adequate resources to continue operations for the foreseeable future, being not less than twelve months from the date of the Directors' approval of the Company's financial statements for the year ended 31 December 2025. In making this conclusion, the Directors have considered the letter of support the Company received from Akzo Nobel N.V., and Akzo Nobel N.V.'s ability to support the Company's funding requirements as they fall due. This support is made available for the foreseeable future. As with any company placing reliance on other group entities for financial support the directors acknowledge that there can be no certainty that this support will continue, although as at the date of approval of these financial statements, they have no reason to believe that it will not do so. Consequently, the Directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least twelve months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”
Group structure
- AKZO NOBEL ICI HOLDINGS · parent
- Polycell Products Limited 100%
- Akzo Nobel (NSC) Limited 100%
- Akzo Nobel Packaging Coatings Limited 100%
- Akzo Nobel Paints Lanka (PVT) Limited 50.6%
- Akzo Nobel Paints (Malaysia) Sdn. Bhd. 59.95%
- Akzo Nobel Vietnam Ltd 50.87%
- Dulux Botswana (Pty) limited 100%
- Dulux Limited 100%
- Dulux Swaziland (Pty) Limited 100%
- Dulux Zambia (2005) Limited 100%
- Ergon Investments International Limited 100%
- Ergon Investments UK Limited 100%
- Hammerite Products Limited 100%
- Cuprinol Limited 100%
- ICI Chemicals & Polymers Limited 100%
- ICI Fertilisers (Ireland) Limited 99.9%
- ICI Finance Limited 100%
- ICI International Investments Limited 100%
- ICI Ireland Limited 100%
- ICI Theta BV 100%
- Imperial Chemical Industries Limited 100%
- Intex Yarns (Manufacturing) Limited 100%
- J.P. McDougall & Co. Limited 100%
- Metlac S.p.A. 44.44%
- Mortar Investments International Limited 100%
- Mortar Investments UK Limited 99.9%
- Pinturas Coral De Bolivia Ltda 99%
- Sales Support Group Limited 100%
- Stevenston Holdings Limited 100%
Significant events
- “With effect from 30th June 2026, the Company extended its £300,000,000 loan from Imperial Chemical Industries Limited. The loan was repaid on 17th July 2026.”
- “On 17th July 2026, the Company also prepaid the sum of £200,000,000 against the loan of £2,300,000,000 from Imperial Chemical Industries Limited”
- “On 17th July 2026, the Company received an interim dividend of £650,000,000 from its shareholder, Imperial Chemical Industries Limited. On 20th July 2026, the Company declared and paid an interim dividend of £350,000,000 to its shareholder, Akzo Nobel N.V.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AHUJA, Vaibhav, Mr. | Director | 2025-05-29 | Aug 1992 | Indian |
| RAY, Stephen Bruce | Director | 2015-04-22 | Jun 1962 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARTER, Lynette Jean Cherryl | Secretary | 2017-05-11 | 2018-05-31 |
| O.H. SECRETARIAT LIMITED | Corporate Secretary | 2008-03-14 | 2017-05-11 |
| BLOK, Harm | Director | 2013-03-08 | 2014-12-31 |
| BOLLAND, Christopher | Director | 2008-07-30 | 2009-01-19 |
| CRIBB, Nigel Rupert Evelyn | Director | 2008-03-14 | 2008-07-30 |
| O'SHEA, Fergal Joseph | Director | 2015-11-11 | 2018-08-31 |
| ROSS, Robert Leonard Gordon Knox | Director | 2008-03-14 | 2009-12-18 |
| SINGH, Brune | Director | 2009-01-19 | 2013-03-08 |
| SMALLEY, Michael | Director | 2009-12-18 | 2024-05-07 |
| TURNER, David Allan | Director | 2018-08-31 | 2020-09-01 |
| TURNER, David Allan, Mr. | Director | 2010-12-20 | 2015-04-22 |
| UPTON, David | Director | 2024-05-22 | 2025-03-27 |
| WILLIAMS, Benjamin | Director | 2020-09-01 | 2023-12-31 |
| O.H. DIRECTOR LIMITED | Corporate Director | 2008-03-14 | 2015-02-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Akzo Nobel N.V. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 136 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-06-16 MA Memorandum articles
- 2024-06-13 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-18 | AA | accounts | Accounts with accounts type full | |
| 2026-04-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-01 | AA | accounts | Accounts with accounts type full | |
| 2025-05-30 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-09 | AA | accounts | Accounts with accounts type full | |
| 2024-06-16 | MA | incorporation | Memorandum articles | |
| 2024-06-13 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-06 | AA | accounts | Accounts with accounts type full | |
| 2023-04-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-07 | AA | accounts | Accounts with accounts type full | |
| 2022-04-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-17 | AA | accounts | Accounts with accounts type full | |
| 2021-05-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-03-12 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.