INTERNATIONAL PAINT LIMITED

1. INTERNATIONAL PAINT LIMITED 2004-11-01 → present
2. INTERNATIONAL COATINGS LIMITED 1998-10-30 → 2004-11-01
3. COURTAULDS COATINGS (HOLDINGS) LIMITED 1990-05-08 → 1998-10-30
4. COURTAULDS COATINGS LTD. 1981-12-31 → 1990-05-08
5. INTERNATIONAL PAINT COMPANY LIMITED (THE) 1899-09-18 → 1981-12-31

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

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.

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors believe that the Company has adequate resources to continue operations for the foreseeable future, being not less than twelve months from the date of the Directors' approval of the Company's financial statements for the year ended 31 December 2024. In making this conclusion, the Directors have considered the letter of support the Company received from Akzo Nobel N.V., and Akzo Nobel N.V.'s ability to support the Company's funding requirements as they fall due. This support is made available for the foreseeable future. As with any company placing reliance on other group entities for financial support the directors acknowledge that there can be no certainty that this support will continue, although as at the date of approval of these financial statements, they have no reason to believe that it will not do so. Consequently, the Directors have assessed the cash flow requirement for at least twelve months, the potential financial implications of the ongoing legal proceedings and are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least twelve months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis”

Group structure

1. INTERNATIONAL PAINT LIMITED · parent
   1. Akzo Nobel Saudi Arabia Limited 0.6% · Saudi Arabia · Coatings manufacture
   2. Flexcrete Technologies Limited 1% · England & Wales · Coatings manufacture
   3. International Paint (Research) Limited 1% · Korea · Coatings Development
   4. International Paint Sdn Bhd 0.7% · Malaysia · Coatings manufacture
   5. International Paints (Holdings) Limited 1% · England & Wales · Holding company

Significant events

• “On 4 April 2024 involving a spill at our Felling site. There were no injuries sustained. We have cooperated fully with the Health and Safety Executive and Environment Agency, who are investigating the matter and are awaiting their findings.”
• “On November 18, 2025, the company's ultimate parent, Akzo Nobel N.V. ("AkzoNobel") entered into a definitive agreement to merge with Axalta Coating Systems Ltd. ("Axalta") in an all-stock transaction.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -0.8%

  £170,400,000 → £169,100,000

• Cash

  —

  Not reported

• Net assets

  -871%

  £30,300,000 → -£233,600,000

• Employees

  -3.3%

  636 → 615

• Operating profit

  +26.7%

  £4,500,000 → £5,700,000

• Profit before tax

  -18,721.4%

  -£1,400,000 → -£263,500,000

• Wages

  +13.3%

  £28,500,000 → £32,300,000

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