U-POL BIDCO LIMITED
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Cash
£1k
Latest balance sheet
Net assets
£20m
+422.7% first positive since 2024
Employees
0
Average over period
Profit before tax
£1.7m
-93.9% vs 2024
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 | — | — | — | — | |
| Operating profit | £1,000 | -£94,787,000 | — | — | |
| Profit before tax | £1,575,000 | £28,132,000 | £1,705,000 | -93.9% | |
| Net profit | £1,575,000 | £28,132,000 | £1,279,000 | -95.5% | |
| Cash | £1,000 | £0 | £1,000 | — | |
| Total assets less current liabilities | £25,285,000 | -£6,170,000 | £19,910,000 | +422.7% | |
| Net assets | £25,285,000 | -£6,170,000 | £19,910,000 | +422.7% | |
| Equity | £25,285,000 | -£6,170,000 | £19,910,000 | +422.7% | |
| 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 |
|---|---|---|---|---|
| Return on capital employed | 0.0% | — | — | |
| Gearing (liabilities / total assets) | 50.8% | 130.3% | 2.1% | |
| Current ratio | 0.00x | — | 0.00x |
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
- U-POL BIDCO LIMITED 2012-01-05 → present
- SHINE BIDCO LIMITED 2010-07-29 → 2012-01-05
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Johnston Carmichael LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“We believe that the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company's needs. We have considered a period of twelve months from the date of approval of the financial statements and we believe that no material uncertainty exists regarding the company's ability to continue as a going concern and that no further disclosures relating to the company's ability to continue as a going concern need to made in the financial statements.”
Group structure
- U-POL BIDCO LIMITED · parent
- U-POL US Corporation 100%
Significant events
- “Akzo Nobel N.V. ("Akzo Nobel") and Axalta Coating Systems Limited have entered into an agreement to combine in an all-stock merger of equals, expected to complete in late 2026 or 2027, subject to approval.”
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 |
|---|---|---|---|---|
| PENTECOST, Michael Howard | Director | 2023-03-23 | Aug 1971 | New Zealander |
| YOUENS, Laura Michele | Director | 2025-03-28 | Feb 1983 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AYRES, Andrew John | Director | 2010-09-03 | 2012-05-31 |
| BLENKINSOPP, James Ian | Director | 2021-09-15 | 2025-03-28 |
| COOMBES, Michael John | Director | 2012-07-05 | 2021-09-15 |
| CRAYTON, Richard Martin | Director | 2010-07-29 | 2010-09-03 |
| DOLAN, Farrell | Director | 2021-09-15 | 2021-09-29 |
| DOLAN, Farrell | Director | 2021-09-15 | 2022-06-29 |
| ECCLES, William David | Director | 2011-04-01 | 2014-12-31 |
| HARMAN, Steven | Director | 2014-03-27 | 2015-10-12 |
| HEWSON, Mark David Stuart | Director | 2012-01-05 | 2012-11-29 |
| MAY, Philip John | Director | 2010-09-03 | 2015-10-12 |
| METZ, Thomas Horst Felix | Director | 2010-09-03 | 2012-12-14 |
| POOLE, Mark Andrew, Dr | Director | 2012-01-05 | 2014-03-18 |
| WILLIAMS, Guy Hampson | Director | 2022-06-29 | 2023-03-23 |
| WILLIAMS, Guy Hampson | Director | 2015-10-12 | 2021-09-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Axalta Coating Systems Uk Holding Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Voting 75–100% (as firm), Appoints directors, Significant influence (as firm) | 2024-05-15 | Active |
| U-Pol Finco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2024-05-15 |
Filing timeline
Last 20 of 91 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-05-23 RESOLUTIONS Resolution
- 2024-05-14 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-10 | AA | accounts | Accounts with accounts type full | |
| 2026-05-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2025-07-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-02 | SH01 | capital | Capital allotment shares | |
| 2025-03-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-19 | AA | accounts | Accounts with accounts type full | |
| 2024-05-31 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-05-31 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-05-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-23 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-14 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-05-14 | CAP-SS | insolvency | Legacy | |
| 2024-05-14 | SH20 | capital | Legacy | |
| 2024-05-14 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-13 | SH01 | capital | Capital allotment shares | |
| 2023-10-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-24 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 1
- 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.