U-POL BIDCO LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

• Turnover

  —

  Not reported

• Cash

  -100%

  £1,000 → £0

• Net assets

  -124.4%

  £25,285,000 → -£6,170,000

• Employees

  —

  Not reported

• Operating profit

  -9,478,800%

  £1,000 → -£94,787,000

• Profit before tax

  +1,686.2%

  £1,575,000 → £28,132,000

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

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.

1. U-POL BIDCO LIMITED 2012-01-05 → present
2. SHINE BIDCO LIMITED 2010-07-29 → 2012-01-05

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

1. U-POL BIDCO LIMITED · parent
   1. U-POL US Corporation 100% · USA · Distribution of automotive refinish products

Significant events

• “The company was formerly a member of the U-POL Holdings Limited group, which was subject to a group simplification exercise during the year, removing a number of intermediate holding companies. This resulted in the company's immediate parent changing to Axalta Coating Systems UK Holdings Limited and certain restructuring accounting entries being recognised within these financial statements, including distributions in specie and fixed asset impairments.”
• “As part of the group simplification exercise conducted within the U-POL Holdings Limited group during the year, distributions in specie were recognised amounting to £123.3m (2023: £nil).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

4

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.