AXALTA COATING SYSTEMS HUTHWAITE UK LIMITED

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

  -10.5%

  £13,727,755 → £12,287,370

• Cash

  +11.1%

  £1,942,923 → £2,158,607

• Net assets

  +17.7%

  £9,428,773 → £11,098,527

• Employees

  -16.9%

  89 → 74

• Operating profit

  +0.5%

  -£1,720,686 → -£1,712,753

• Profit before tax

  +8.7%

  -£2,031,417 → -£1,854,248

• Wages

  -9%

  £2,941,938 → £2,677,007

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

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.

1. AXALTA COATING SYSTEMS HUTHWAITE UK LIMITED 2018-04-03 → present
2. SPENCER COATINGS LIMITED 1990-10-15 → 2018-04-03
3. SPENCER (ABERDEEN) LIMITED 1909-03-23 → 1990-10-15

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Johnston Carmichael LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have, at the time of approving these financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. In reaching this conclusion, they have prepared trading forecasts for an appropriate future outlook period and are satisfied that the company has sufficient financial resources to continue to operate and meet its liabilities as they fall due, for a period of at least 12 months from the date of signing these financial statements. It is noted that the company is a member of the Axalta group cash pool arrangement meaning that additional funds can be made available to the company as and when required. Thus, they continue to adopt the going concern basis of accounting in preparing these financial statements.”

Significant events

• “On 1 October 2024, the company acquired the trade and assets of its sister company Axalta Coating Systems Tewkesbury UK Limited. This strategic move not only strengthened the company's position in the market but also enhances its portfolio by integrating Axalta Coating Systems Tewkesbury UK Limited's innovative products. The acquisition is expected to strengthen the company's operating efficiencies and expand customer offerings whilst lowering cost to the Axalta group.”
• “During the year, a group reconstruction took place whereby the company acquired the trade and assets of a fellow subsidiary Axalta Coating Systems Tewksbury UK Limited on 01 October 2024.”

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

Filings

4

last 12 months

Capital events

1

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.