CORNERSTONE CHEMICAL COMPANY LIMITED
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Next accounts due
2025-09-30
Overdue
Confirmation statement due
2026-12-05 (in 7mo)
Last made up 2025-11-21
Watchouts
Cash
£126K
+2.4% vs 2022
Net assets
£11M
+12.9% highest in 4 filed years
Employees
5
-16.7% vs 2022
Profit before tax
£2M
+6.2% highest in 4 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2025-09-30.
-
Material uncertainty over going concern
The financial statements have not been prepared on the going concern basis for the reason set out in that note. Our opinion is not modified in respect of this matter.
Net assets
4-year trend · vs Basic Materials median
Accounts
4-year trend · latest reflected 2023-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Turnover | £33,079,000 | £46,258,000 | £38,761,000 | £20,075,000 | |
| Operating profit | £755,000 | £1,056,000 | £1,167,000 | £1,210,000 | |
| Profit before tax | £1,104,000 | £1,307,000 | £1,565,000 | £1,662,000 | |
| Net profit | — | — | £1,269,000 | £1,254,000 | |
| Cash | £426,000 | £940,000 | £123,000 | £126,000 | |
| Total assets less current liabilities | £18,972,000 | £15,665,000 | — | — | |
| Net assets | £7,494,000 | £8,489,000 | £9,758,000 | £11,012,000 | |
| Equity | £7,494,000 | £8,489,000 | £9,758,000 | £11,012,000 | |
| Average employees | 5 | 6 | 6 | 5 | |
| Wages | — | — | £289,000 | £256,000 | |
| Directors' remuneration | — | — | £0 | £0 |
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
FY2022 → FY2023 · period ending 2023-12-31 vs 2022-12-31
-
Turnover
-48.2%
£38,761,000 £20,075,000
lowest in 4 filed years
-
Cash
+2.4%
£123,000 £126,000
-
Net assets
+12.9%
£9,758,000 £11,012,000
highest in 4 filed years
-
Employees
-16.7%
6 5
-
Operating profit
+3.7%
£1,167,000 £1,210,000
highest in 4 filed years
-
Profit before tax
+6.2%
£1,565,000 £1,662,000
highest in 4 filed years
-
Wages
-11.4%
£289,000 £256,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Operating margin | 2.3% | 2.3% | 3.0% | 6.0% | |
| Net margin | — | — | 3.3% | 6.2% | |
| Return on capital employed | 4.0% | 6.7% | — | — | |
| Gearing (liabilities / total assets) | — | — | 41.6% | 45.5% | |
| Current ratio | — | — | 2.40x | 2.20x | |
| Interest cover | — | — | 7.68x | 9.60x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The financial statements have not been prepared on the going concern basis for the reason set out in that note. Our opinion is not modified in respect of this matter.”
Significant events
- “Since the year end but before the financial statements have been approved by the Directors, as part of a strategy review of the group in which this Company is a part, the Directors have decided to cease operations of the Company. Therefore the financial statements are prepared on a basis other than going concern.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BLASER, Thomas | Director | 2021-06-17 | Nov 1961 | American |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALEKSIC, Vesna, Ms. | Secretary | 2019-09-05 | 2022-10-05 |
| BASTOS, Paula | Secretary | 2022-10-05 | 2024-05-29 |
| STEVENS, Mark | Secretary | 2024-05-29 | 2025-06-30 |
| DRISCOLL, Michael Cyril | Director | 2011-12-13 | 2025-08-08 |
| FOSTER, Ronald James | Director | 2016-07-12 | 2025-01-17 |
| JONES, Eifion Samuel | Director | 2011-12-13 | 2020-04-20 |
| MONACO, Jason | Director | 2020-08-28 | 2021-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cornerstone Chemical Company Incorporated | Corporate entity | Shares 75–100% | 2016-12-13 | Active |
Filing timeline
Last 20 of 57 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-30 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-17 | DISS40 | gazette | Gazette filings brought up to date | |
| 2026-01-15 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-01-14 | DISS16(SOAS) | dissolution | Dissolved compulsory strike off suspended | |
| 2025-12-02 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-05-12 | AA | accounts | Accounts with accounts type full | |
| 2025-04-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-12 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-09-11 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-02-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-23 | AA | accounts | Accounts with accounts type full | |
| 2023-09-21 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-01-20 | AAMD | accounts | Accounts amended with accounts type full | |
| 2022-12-30 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- 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.