MEXICHEM UK LIMITED
Operating as a subsidiary of Mexichem Fluor S.A. de C.V., this private company manufactures industrial gases and was formerly known as Ineos Fluor Europe.
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Cash
£33m
+32.5% highest in 3 filed years
Net assets
£193m
+11.5% highest in 3 filed years
Employees
247
+1.2% vs 2024
Profit before tax
£25m
-56.1% 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 | £101,601,000 | £107,305,000 | £133,485,000 | +24.4% | |
| Operating profit | £26,608,000 | £9,507,000 | £7,150,000 | -24.8% | |
| Profit before tax | £27,520,000 | £56,719,000 | £24,888,000 | -56.1% | |
| Net profit | £26,769,000 | £54,632,000 | £19,894,000 | -63.6% | |
| Cash | £16,290,000 | £24,671,000 | £32,693,000 | +32.5% | |
| Total assets less current liabilities | £128,441,000 | £180,019,000 | £208,879,000 | +16% | |
| Net assets | £118,251,000 | £172,883,000 | £192,777,000 | +11.5% | |
| Equity | £118,251,000 | £172,883,000 | £192,777,000 | +11.5% | |
| Average employees | 249 | 244 | 247 | +1.2% | |
| Wages | £13,973,000 | £14,644,000 | £17,024,000 | +16.3% | |
| Directors' remuneration | £1,034,000 | £204,000 | £0 | -100% |
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 | 26.2% | 8.9% | 5.4% | |
| Net margin | 26.3% | 50.9% | 14.9% | |
| Return on capital employed | 20.7% | 5.3% | 3.4% | |
| Gearing (liabilities / total assets) | 24.5% | 14.4% | 25.0% | |
| Current ratio | 2.57x | 4.69x | 3.93x | |
| Interest cover | 50.78x | 15.51x | 8.47x |
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
- MEXICHEM UK LIMITED 2010-01-29 → present
- INEOS FLUOR EUROPE LIMITED 2009-11-26 → 2010-01-29
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the assessment carried out, the directors have at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for 12 months from the date of signing these financial statements. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- MEXICHEM UK LIMITED · parent
- Mexichem Flour EU B. V 100%
Significant events
- “In June 2026 the company converted £26,000,000 of its retained earnings to share capital and subsequently conducted a capital reduction equivalent to $82,600,000. Loans receivable from its ultimate parent undertaking of $74,600,000 were settled in June 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 28 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ARCHIBALD, Euan James | Secretary | 2024-06-28 | — | — |
| SMITH, Greggory Collins | Director | 2024-01-25 | Oct 1964 | American |
| ZHOU, Kenwin | Director | 2024-01-25 | Aug 1972 | American |
Show 28 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BREDEN, Paula | Secretary | 2016-05-09 | 2022-09-02 |
| BREDEN, Paula | Secretary | 2009-11-27 | 2010-01-28 |
| CAPDEPON, Andres Eduardo | Secretary | 2010-01-26 | 2012-09-14 |
| GARCIA, Javier Garcia | Secretary | 2012-09-14 | 2014-04-21 |
| SOTO GONZALEZ, Alvaro | Secretary | 2014-04-21 | 2016-05-09 |
| WALKER-ARNOTT, Ellen | Secretary | 2022-09-02 | 2024-06-28 |
| TRUSEC LIMITED | Corporate Nominee Secretary | 2009-11-26 | 2009-11-27 |
| BARRAGAN VILLANUEVA, Valeria | Director | 2024-01-25 | 2025-10-07 |
| CARRILLO RULE, Antonio | Director | 2014-04-21 | 2016-02-29 |
| DEL VALLE PEROCHENA, Juan Pablo | Director | 2010-01-26 | 2016-02-29 |
| GARDNER, Simon | Director | 2016-05-09 | 2023-08-18 |
| GOMEZ, Armando Vallejo | Director | 2010-08-18 | 2012-09-14 |
| GUZMAN PERERA, Rodrigo | Director | 2014-04-21 | 2016-05-09 |
| HEMINGWAY, Gary John | Director | 2010-08-18 | 2013-07-31 |
| MARTIN, Hector Valle | Director | 2010-01-26 | 2014-10-31 |
| MAYSON, Paul Samuel | Director | 2009-11-26 | 2009-11-27 |
| MCGREAL, David John | Director | 2013-07-31 | 2016-10-09 |
| MITCHELL, David James | Director | 2009-11-27 | 2010-01-28 |
| MONIR, Nicole Frances | Director | 2009-11-26 | 2009-11-26 |
| MUGICA JIMENEZ DE LA CUESTA, Andres | Director | 2014-10-31 | 2018-08-28 |
| MUGICA JIMENEZ DE LA CUESTA, Andres Mugica Jimenez De La Cuesta | Director | 2014-10-31 | 2014-10-31 |
| MUNOZ, Ricardo Gutierrez | Director | 2010-01-26 | 2014-04-21 |
| OST, Andrea | Director | 2018-08-28 | 2024-01-25 |
| PRICE, David | Director | 2010-08-18 | 2010-12-10 |
| PRICE, David | Director | 2009-11-27 | 2010-01-28 |
| SMITH, David James Mitchell | Director | 2016-05-02 | 2023-10-25 |
| TAPIA, Miguel Ruiz | Director | 2012-09-14 | 2014-04-21 |
| TRUSEC LIMITED | Corporate Nominee Director | 2009-11-26 | 2009-11-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mexichem Fluor S.A. De C.V. | Corporate entity | Shares 75–100% | 2016-06-01 | Ceased 2016-06-01 |
Filing timeline
Last 20 of 125 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-24 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-29 | AA | accounts | Accounts with accounts type full | |
| 2026-06-24 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2026-06-24 | CAP-SS | insolvency | Legacy | |
| 2026-06-24 | SH20 | capital | Legacy | |
| 2026-06-24 | RESOLUTIONS | resolution | Resolution | |
| 2026-06-24 | SH01 | capital | Capital allotment shares | |
| 2026-05-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-06 | AA | accounts | Accounts with accounts type full | |
| 2025-05-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-05 | AA | accounts | Accounts with accounts type full | |
| 2024-07-22 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-07-18 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-05-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-12 | AD02 | address | Change sail address company with old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 3
- Officers appointed
- 0
- Officers resigned
- 1
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.