WE INDUSTRIES HOLDINGS LTD
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Cash
£190m
USD 255,439,000
+847% vs 2024
Net assets
£109m
USD 146,783,000
-52.4% vs 2024
Employees
2,313
+63% vs 2024
Profit before tax
-£52m
USD -70,294,000
-156% vs 2024
Net assets
2-year trend · vs Basic Materials 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 | £966,238,459 | £1,639,274,212 | +69.7% | |
| Operating profit | £254,216,014 | £254,800,000 | +0.2% | |
| Profit before tax | £93,075,454 | -£52,166,234 | -156% | |
| Net profit | — | -£82,914,286 | — | |
| Cash | £20,018,306 | £189,565,121 | +847% | |
| Total assets less current liabilities | £2,414,695,161 | £2,999,614,100 | +24.2% | |
| Net assets | £228,885,705 | £108,929,870 | -52.4% | |
| Equity | £228,885,705 | £108,929,870 | -52.4% | |
| Average employees | 1,419 | 2,313 | +63% | |
| Wages | £61,903,852 | £158,691,651 | +156.4% | |
| Directors' remuneration | £5,574,658 | £8,394,063 | +50.6% | |
| Highest paid director | £1,484,400 | £2,667,161 | +79.7% |
Figures converted to GBP from USD at 0.742 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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | 26.3% | 15.5% | |
| Net margin | — | -5.1% | |
| Return on capital employed | 10.5% | 8.5% | |
| Gearing (liabilities / total assets) | 91.8% | 97.2% | |
| Current ratio | 1.70x | 0.67x | |
| Interest cover | 1.00x | 0.70x |
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
- WE INDUSTRIES HOLDINGS LTD 2025-08-19 → present
- CINER SODA HOLDINGS (UK) LIMITED 2024-06-25 → 2025-08-19
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements as of and for the year ended 31 December 2025 have been prepared on the going concern basis, as the Directors have determined that the Group has sufficient resources and liquidity to continue in operational existence and to meet their liabilities as they fall due.”
Group structure
- WE INDUSTRIES HOLDINGS 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%
- Kew Soda Ltd 51%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CINER, Ikbal Didem | Director | 2024-06-25 | Feb 1980 | British |
| ERDOGAN, Mehmet Ali | Director | 2024-06-25 | Oct 1970 | British |
| TOHMA, Ahmet | Director | 2024-06-25 | Oct 1980 | Turkish |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Turgay Ciner | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-06-25 | Active |
Filing timeline
Last 14 of 14 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-08-21 MA Memorandum articles
- 2025-08-19 CERTNM Certificate change of name company
- 2025-08-19 CONNOT Change of name notice
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-10 | AA | accounts | Accounts with accounts type group | |
| 2026-06-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-12 | AA | accounts | Accounts with accounts type group | |
| 2025-08-21 | MA | incorporation | Memorandum articles | |
| 2025-08-19 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-08-19 | CONNOT | change-of-name | Change of name notice | |
| 2025-07-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-13 | SH01 | capital | Capital allotment shares | |
| 2024-10-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-25 | AA01 | accounts | Change account reference date company current shortened | |
| 2024-06-25 | NEWINC | incorporation | Incorporation company |
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.