KEW SODA LTD
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Cash
£16k
USD 21,000
+110% highest in 3 filed years
Net assets
£1.2bn
USD 1,603,212,000
-1.4% lowest in 3 filed years
Employees
2
-71.4% lowest in 3 filed years
Profit before tax
-£18m
USD -23,986,000
-527.6% 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 | — | — | — | — | |
| Operating profit | £74,464,511 | -£1,232,999 | -£2,018,580 | -63.7% | |
| Profit before tax | £72,729,840 | £4,168,711 | -£17,826,830 | -527.6% | |
| Net profit | £72,729,840 | £3,123,746 | -£16,781,865 | -637.2% | |
| Cash | £743 | £7,432 | £15,608 | +110% | |
| Total assets less current liabilities | — | — | — | — | |
| Net assets | £1,205,192,122 | £1,208,318,097 | £1,191,536,232 | -1.4% | |
| Equity | £1,205,192,122 | £1,208,318,097 | £1,191,536,232 | -1.4% | |
| Average employees | 7 | 7 | 2 | -71.4% | |
| Wages | £791,527 | £1,175,771 | £865,849 | -26.4% | |
| Directors' remuneration | £806,392 | £1,187,663 | £880,713 | -25.8% |
Figures converted to GBP from USD at 0.743 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 |
|---|---|---|---|---|
| Gearing (liabilities / total assets) | 11.9% | 26.0% | 30.4% | |
| Current ratio | 0.79x | 0.00x | 0.01x | |
| Interest cover | 8.81x | -0.07x | -0.04x |
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
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have assessed the financial strength of the Company and its subsidiaries and have therefore determined that the Company has access to sufficient resources and liquidity to continue in operational existence and to meet its liabilities as they fall due for at least 12 months from the date of approval of these financial statements. Accordingly, the financial statements have been prepared on the going concern basis.”
Group structure
- KEW SODA LTD · parent
- WE Soda Shipping Holdings Limited 100%
- WE Soda Enterprises Inc. 100%
- Eti Soda Üretim Pazarlama Nakliyat ve Elektrik Üretim Sanayi ve Ticaret A.Ş. 74%
- Kazan Soda Elektrik Üretim A.Ş 100%
- West Soda LLC (formerly TC Soda Holdings Inc.) 100%
- Imperial Natural Resources Trona Mining Inc. 100%
- WE Soda Investments Holding Plc 100%
- Soda World Ltd 100%
- Soda World Europe GmbH 100%
- WE İç ve Dış Ticaret A.Ş. 100%
- Denmar Depoculuk Nakliyat ve Ticaret A.Ş. 100%
- Global Glass Industries LLC 100%
- Soda World US LLC 100%
- WE Soda Ltd 100%
- WE Soda Alkali Holdings LLC 100%
- WE Soda Holdings LLC 100%
- WE Soda Partners LLC 100%
- WE Soda Partners Alkali LLC 100%
- WE Soda US LLC 100%
- WE Soda Alkali LLC 100%
- WE Soda Wyoming LP 100%
- WE ORRI Holdings LLC 100%
- WE ORRI LLC 100%
- American Natural Soda Ash Corporation ("ANSAC") 100%
- ANSAC Asia Singapore Private Limited 100%
- WE Soda Holdco S.L. 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SMALL, Jeremy | Secretary | 2023-05-24 | — | — |
| CINER, Ikbal Didem | Director | 2018-11-06 | Feb 1980 | Turkish |
| ERDOGAN, Mehmet Ali | Director | 2016-07-01 | Oct 1970 | British |
| HALL, Nicholas Rodney | Director | 2023-04-19 | Aug 1974 | British |
| TOHMA, Ahmet | Director | 2022-05-18 | Oct 1980 | Turkish |
| WARREN, Alasdair John | Director | 2022-05-18 | Jul 1966 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ERDOGAN, Erdogan | Secretary | 2016-07-01 | 2022-05-26 |
| ERDOGAN, Mehmet Ali | Secretary | 2022-05-26 | 2023-05-24 |
| HOE-RICHARDSON, Samantha Jane | Director | 2023-02-08 | 2024-03-28 |
| KAINYAH, Rosalind Nana Emela | Director | 2023-02-08 | 2024-03-28 |
| KENYON-SLANEY, Harry James Rudolph | Director | 2023-02-08 | 2024-03-28 |
| USTA, Gursel | Director | 2022-05-18 | 2025-12-10 |
| WESTMACOTT, Peter John, Sir | Director | 2023-02-08 | 2024-03-28 |
| ÖZEN, Sait Ergun | Director | 2023-02-08 | 2024-03-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| We Industries Holdings Ltd | Corporate entity | Shares 50–75%, Voting 50–75% | 2024-10-15 | Active |
| Akkan Enerji Ve Madencilik As | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-07-01 | Ceased 2022-09-09 |
| Mr Turgay Ciner | Individual | Significant influence | 2016-07-01 | Active |
Filing timeline
Last 20 of 82 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-10-28 RESOLUTIONS Resolution
- 2024-10-28 MA Memorandum articles
- 2024-07-02 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-02 | AA | accounts | Accounts with accounts type full | |
| 2026-05-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-16 | AA | accounts | Accounts with accounts type full | |
| 2026-02-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-24 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-28 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-10-08 | CH01 | officers | Change person director company with change date | |
| 2025-10-03 | CH01 | officers | Change person director company with change date | |
| 2025-10-03 | CH01 | officers | Change person director company with change date | |
| 2025-02-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-29 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-10-28 | SH01 | capital | Capital allotment shares | |
| 2024-10-28 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-28 | MA | incorporation | Memorandum articles | |
| 2024-10-24 | SH08 | capital | Capital name of class of shares | |
| 2024-08-17 | AA | accounts | Accounts with accounts type group | |
| 2024-07-02 | RESOLUTIONS | resolution | Resolution | |
| 2024-04-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-05 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 2
- 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.