BASF COATINGS UK LIMITED
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Cash
—
Latest balance sheet
Net assets
£11m
Equity attributable
Employees
70
Average over period
Profit before tax
£1.2m
Period ending 2025-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
Whilst the company is being sold as a going concern, the directors note that they do not have full visibility of the strategy, financing and organisational structure of the Coatings Group under the new ownership and any material changes the acquirer could impose, which may impact the company's ability to continue as a going concern.
-
Going-concern uncertainty disclosed
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £11,196,000 | £43,935,000 | — | |
| Operating profit | £219,000 | £1,235,000 | — | |
| Profit before tax | £197,000 | £1,227,000 | — | |
| Net profit | £106,000 | £738,000 | — | |
| Cash | — | — | — | |
| Total assets less current liabilities | £10,192,000 | £10,948,000 | — | |
| Net assets | £10,192,000 | £10,930,000 | — | |
| Equity | £10,192,000 | £10,930,000 | — | |
| Average employees | 66 | 70 | — | |
| Wages | £885,000 | £4,063,000 | — | |
| Directors' remuneration | £115,000 | £376,000 | — | |
| Highest paid director | £115,000 | £376,000 | — |
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 —. Year-on-year comparison hidden: this filing covers about 12 months versus 3 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | 2.0% | 2.8% | |
| Net margin | 0.9% | 1.7% | |
| Return on capital employed | 2.1% | 11.3% | |
| Gearing (liabilities / total assets) | 64.9% | 60.7% | |
| Interest cover | 8.11x | 3.35x |
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
- BASF COATINGS UK LIMITED 2026-09-03 → present
- BASF COATINGS UK LIMITED 2023-12-08 → 2026-09-03
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“Whilst the company is being sold as a going concern, the directors note that they do not have full visibility of the strategy, financing and organisational structure of the Coatings Group under the new ownership and any material changes the acquirer could impose, which may impact the company's ability to continue as a going concern.”
Significant events
- “BASF SE confirmed on 10th October 2025 that it has entered into an agreement to sell a majority stake in its Coatings Business, which encompasses BASF Coatings UK Ltd. The purchasers are Carlyle Group, a global investment firm, in partnership with the Qatar Investment Authority. Completion of this transaction is projected for Q2 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CAMPBELL, Helen Victoria | Secretary | 2023-12-08 | — | — |
| HOLSTEIN, Tim | Director | 2023-12-08 | Mar 1986 | British |
| JONES, Sally | Director | 2024-05-01 | Sep 1977 | Australian |
| SCHWEITZER, Eva Maria, Dr | Director | 2025-06-01 | Jan 1982 | German |
| SOLBERG, Roar | Director | 2023-12-08 | Oct 1970 | Norwegian |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BIRK, Thomas | Director | 2023-12-08 | 2024-05-01 |
| HARPER, Karen Lois | Director | 2023-12-08 | 2024-10-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Basf Public Limited Company | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-12-08 | Active |
Filing timeline
Last 20 of 20 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-09-03 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-03 | CERTNM | change-of-name | Certificate change of name company | |
| 2026-08-07 | AA | accounts | Accounts with accounts type full | |
| 2026-07-27 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-06-29 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-06-26 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-06-26 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-26 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-08 | CH03 | officers | Change person secretary company with change date | |
| 2025-12-23 | CH03 | officers | Change person secretary company with change date | |
| 2025-12-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-07 | AA | accounts | Accounts with accounts type full | |
| 2025-06-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-10 | SH01 | capital | Capital allotment shares | |
| 2024-12-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-18 | CH01 | officers | Change person director company with change date | |
| 2024-05-18 | CH01 | officers | Change person director company with change date | |
| 2024-05-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-16 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-08 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- 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.