IPS ADHESIVES EUROPE LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-30
Confirmation statement due
2026-06-19 (in 1mo)
Last made up 2025-06-05
Watchouts
Cash
£9M
+248.2% highest in 4 filed years
Net assets
£10M
+65.8% highest in 4 filed years
Employees
91
+33.8% highest in 4 filed years
Profit before tax
£1M
-17.7% lowest in 4 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Disclaimer of opinion
Latest auditor's report carried a non-clean opinion.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
5-year trend · vs Basic Materials median
Accounts
5-year trend · latest reflected 2024-12-30
| Metric | Trend | 2020-01-01 | 2020-12-31 | 2021-12-31 | 2023-12-30 | 2024-12-30 |
|---|---|---|---|---|---|---|
| Turnover | — | £9,278,396 | £11,741,230 | £9,480,117 | £9,590,320 | |
| Operating profit | — | £3,393,819 | £2,748,782 | £1,303,970 | £983,987 | |
| Profit before tax | — | £3,531,998 | £2,898,855 | £1,453,970 | £1,196,181 | |
| Net profit | — | £2,979,365 | £2,280,208 | £1,095,499 | £855,524 | |
| Cash | — | £2,938,770 | £4,492,998 | £2,506,926 | £8,729,772 | |
| Total assets less current liabilities | — | £6,720,231 | £9,114,121 | £6,430,585 | £10,635,322 | |
| Net assets | — | £6,575,086 | £8,855,294 | £6,218,997 | £10,309,855 | |
| Equity | £3,595,721 | £6,575,086 | £8,855,294 | £6,218,997 | £10,309,855 | |
| Average employees | — | 57 | 71 | 68 | 91 | |
| Wages | — | £1,628,431 | £2,224,913 | £2,328,115 | £3,365,796 | |
| Directors' remuneration | — | £92,085 | £107,375 | £226,400 | £165,780 |
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
FY2023 → FY2024 · period ending 2024-12-30 vs 2023-12-30
-
Turnover
+1.2%
£9,480,117 £9,590,320
-
Cash
+248.2%
£2,506,926 £8,729,772
highest in 4 filed years
-
Net assets
+65.8%
£6,218,997 £10,309,855
highest in 4 filed years
-
Employees
+33.8%
68 91
highest in 4 filed years
-
Operating profit
-24.5%
£1,303,970 £983,987
lowest in 4 filed years
-
Profit before tax
-17.7%
£1,453,970 £1,196,181
lowest in 4 filed years
-
Wages
+44.6%
£2,328,115 £3,365,796
highest in 4 filed years
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 | 2020-01-01 | 2020-12-31 | 2021-12-31 | 2023-12-30 | 2024-12-30 |
|---|---|---|---|---|---|---|
| Operating margin | — | 36.6% | 23.4% | 13.8% | 10.3% | |
| Net margin | — | 32.1% | 19.4% | 11.6% | 8.9% | |
| Return on capital employed | — | 50.5% | 30.2% | 20.3% | 9.3% | |
| Current ratio | — | — | — | 2.07x | 2.05x | |
| Interest cover | — | 377091.00x | 458130.33x | — | 54.24x |
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 3 times since incorporation
- IPS ADHESIVES EUROPE LTD 2022-09-21 → present
- UNIKA COLOR PRODUCTS LIMITED 1990-06-28 → 2022-09-21
- SCOTTFENCE LIMITED 1986-06-09 → 1990-06-28
- SCOTTFRAME LIMITED 1974-09-06 → 1986-06-09
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- UNW LLP
- Audit opinion
- Disclaimer of opinion
- Going concern
- Affirmed
“The directors have a reasonable expectation that the company has adequate financial and other resources to continue in operational existence for the foreseeable future. Accordingly, they continue to prepare the financial statements on a going concern basis.”
Significant events
- “The formal transfer of business was successfully effected in December 2024.”
- “Scigrip transferred all of its assets and liabilities to IPS Adhesives Europe Limited in exchange for £5.2m of share capital, resulting in Scigrip being the new parent company.”
- “Entities legally merged with effect from December 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GRAY, Kevin | Director | 2025-03-21 | Jun 1976 | British |
| MCDOWELL, Scott | Director | 2021-01-01 | Jun 1975 | American |
| ST MARTIN, Dan | Director | 2021-01-01 | May 1975 | American |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ETHERINGTON, Lee | Secretary | 2008-09-30 | 2022-06-07 |
| GREENHALGH, James Barr | Secretary | — | 1993-05-25 |
| SMITH, Iain Jackson | Secretary | — | 1990-09-28 |
| WILLIAMS, Gary Richard | Secretary | 1993-05-25 | 2008-09-30 |
| ANDERSON, Gordon | Director | 1990-09-28 | 1999-05-17 |
| BAKER, Simon | Director | 2024-01-07 | 2025-03-21 |
| BELOT, Philippe Charles Marie | Director | 2022-06-10 | 2024-01-02 |
| BILBROUGH, Thomas | Director | 2020-01-16 | 2020-12-31 |
| COWLEY, Kenneth | Director | 1990-09-28 | 1991-12-19 |
| ETHERINGTON, Lee | Director | 2008-01-24 | 2022-06-07 |
| FLETCHER, Jeffrey John | Director | 2020-01-16 | 2021-09-28 |
| GEORGOULIAS, Sharon Anne | Director | 2020-01-16 | 2020-12-31 |
| GREENHALGH, James Barr | Director | — | 1996-01-31 |
| HORN, John Ferguson | Director | — | 1989-10-31 |
| HORST, Jeffrey Todd | Director | 2021-09-28 | 2023-12-29 |
| ROGERS, Annika | Director | 2017-03-07 | 2020-01-16 |
| ROGERS, Paul Robert | Director | 1990-09-28 | 2020-01-16 |
| WILLIAMS, Gary Richard | Director | 1998-02-20 | 2008-09-30 |
| WRIGHTSON, Martin Francis | Director | 2005-11-04 | 2020-01-16 |
| WRIGHTSON, Suzanne | Director | 2011-04-07 | 2020-01-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Scigrip Adhesives Limited | Corporate entity | Shares 75–100% | 2024-12-30 | Active |
| Ucp (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2024-12-30 |
Filing timeline
Last 20 of 175 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-01-06 RESOLUTIONS Resolution
- 2024-12-31 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-10-09 | AA | accounts | Accounts with accounts type full | |
| 2025-08-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-03 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-07-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-03 | AA | accounts | Accounts with accounts type full | |
| 2025-03-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-06 | SH01 | capital | Capital allotment shares | |
| 2025-01-06 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-31 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-30 | AA01 | accounts | Change account reference date company current shortened | |
| 2024-09-24 | AA | accounts | Accounts with accounts type full | |
| 2024-08-21 | DISS40 | gazette | Gazette filings brought up to date | |
| 2024-08-20 | CH01 | officers | Change person director company with change date | |
| 2024-08-20 | GAZ1 | gazette | Gazette notice compulsory | |
| 2024-08-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-08 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.