FORMICA LIMITED — The Accounts

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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2026-12-17 (in 7mo)

Last made up 2025-12-03

Watchouts

1 item

Cash

£1M

+80.8% vs 2023

Net assets

£44M

-16.3% vs 2023

Employees

215

-23.8% vs 2023

Profit before tax

-£9M

+77.1% vs 2023

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

Material uncertainty over going concern

Cash flow forecasts have been prepared, including a sensitivity for a severe but plausible downside scenario, indicate that further funding will be required from the company's parent undertaking Broadview Materials B.V. The fact that the company's parent undertaking Broadview Materials B.V. does not provide a formal letter of financial support constitutes a material uncertainty that may cast significant doubt with regard to the company's ability to continue as a going concern.

Net assets

2-year trend · vs Basic Materials median

FORMICA LIMITED·Basic Materials median · n=623

Accounts

2-year trend · latest reflected 2024-12-31

Metric	2023-12-31	2024-12-31
Turnover	£44,824,000	£35,708,000
Operating profit	-£36,912,000	-£8,314,000
Profit before tax	-£37,230,000	-£8,528,000
Net profit	-£37,230,000	-£8,528,000
Cash	£624,000	£1,128,000
Total assets less current liabilities	£52,372,000	£84,034,000
Net assets	£52,372,000	£43,844,000
Equity	£52,372,000	£43,844,000
Average employees	282	215
Wages	£10,528,000	£8,294,000

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

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio	2023-12-31	2024-12-31
Operating margin	-82.3%	-23.3%
Net margin	-83.1%	-23.9%
Return on capital employed	-70.5%	-9.9%
Current ratio	1.03x	4.81x
Interest cover	-43.94x	-7.00x

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.

Audit & accounting basis

Accounting basis: FRS 102
Reporting scope: Standalone (parent only)
Auditor: PwC
Audit opinion: Unqualified (clean)
Going concern: Material uncertainty disclosed
“Cash flow forecasts have been prepared, including a sensitivity for a severe but plausible downside scenario, indicate that further funding will be required from the company's parent undertaking Broadview Materials B.V. The fact that the company's parent undertaking Broadview Materials B.V. does not provide a formal letter of financial support constitutes a material uncertainty that may cast significant doubt with regard to the company's ability to continue as a going concern.”

Group structure

FORMICA LIMITED · parent
1. Formica SAS 100% · France · Marketing and distribution of laminates
2. Formica Holding GmbH 100% · Germany · Holding company
3. Formica IKI Oy 100% · Finland · Manufacture and marketing of laminates
4. Formica Sp.z.o.o. 100% · Poland · Marketing of laminates
5. Formica BV 100% · Netherlands · Marketing of laminates
6. Homapal GmbH 100% · Germany · Manufacture and marketing of metallic laminates
7. Nordic Facade Solutions Oy 100% · Finland · Marketing of laminates
8. Formica Skandinavien AB 100% · Sweden · Marketing of laminates
9. Formica Norge A/S 100% · Norway · Marketing of laminates
10. Formica Danmark ApS 100% · Denmark · Marketing of laminates

Significant events

“Formica Limited has completed a number of projects as part of a significant investment programme at its North Shields site, resulting in a reduced cost footprint.”
“The North Shields site restructuring has continued during 2024 with approval granted to demolish the Finished Goods Warehouse, as a result, the building was no longer in use and an impairment charge was raised. The demolition is expected to be finalised during H1 2025.”
“The transfer of business £1,665k relates to the sale of the worktop business to Direct Online Services, a Broadview sister company. The sale was completed in quarter 4 2024.”
“During Q4 2024, the Formica Limited 1998 Pension Scheme completed a c.£13m bulk annuity transaction ("Project Orlando") with Just Retirement Limited ("Just"), which covered the remaining members of the Scheme that were not included in the bulk annuity transaction undertaken in Q4 2021.”

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

People

3 active · 46 resigned

Name	Role	Appointed	Born	Nationality
BROWNE, Maryana	Secretary	2023-12-12	—	—
VAN DER ZEE, Martijn	Director	2020-10-01	Feb 1987	Dutch
VAN OS, Wouter	Director	2024-06-05	Feb 1983	Dutch

Show 46 resigned officers

Name	Role	Appointed	Resigned
BROOKS, Charles Alan, Mr (Assistant Company Secretary)	Secretary	—	1995-02-03
DOBSON, Cy	Secretary	—	1996-09-09
DODDS, Judith	Secretary	1998-09-01	2004-01-01
FAN, George	Secretary	1998-05-01	1998-07-20
MCGREGOR, Joanne	Secretary	2004-01-01	2023-12-11
SCHNEIDER, David Theodore	Secretary	1998-07-20	1998-09-01
INVENSYS SECRETARIES LIMITED	Corporate Secretary	1996-09-09	1998-05-01
ADAMS, William	Director	—	2002-01-01
ADAMSON, Mark Duncan	Director	2002-01-01	2013-02-28
ALDERSON, Peter	Director	1995-02-28	2009-12-31
BAX, Erik Jan	Director	2020-01-31	2020-09-30
BOANAS, John	Director	—	1993-01-31
BOLLMAN, Robert Gerard	Director	2014-10-31	2016-11-11
BOX, Leigh Jeffrey	Director	2010-01-01	2019-06-03
BROWN, Robert Casson	Director	1996-09-09	1997-12-31
BULA, Agnese	Director	2022-02-18	2023-06-20
CROW, Richard John	Director	—	1996-03-09
CRUICKSHANK, Dennis Alan	Director	1996-09-09	1998-05-01
DE PATER, Jan Melle Willem Ruurd	Director	2014-06-25	2015-10-15
FAN, George	Director	1998-05-01	2002-02-27
FOREMAN, Paul Andrew	Director	2012-03-20	2020-11-20
GILL, Mark Richard	Director	2015-01-16	2015-11-09
HALL, Peter Denis	Director	1995-02-28	2016-10-28
KRAUS, Robert Gerard	Director	—	1995-02-03
LANGONE, Vincent Peter	Director	—	1995-06-30
LLOYD, Christopher Mark	Director	2002-01-01	2003-09-30
MARSHALL, Peter	Director	1993-01-31	1995-02-28
MASON, Neil Laurence	Director	2015-11-09	2022-02-04
MASON, Neil Laurence	Director	2010-08-16	2015-01-16
MCKENZIE, Bevan John	Director	2017-01-01	2019-06-03
OLSON, Nicholas John	Director	2013-04-08	2014-10-31
PALLAS, David	Director	2009-03-23	2014-06-25
POLLINGTON, Richard Simon	Director	2008-03-12	2017-08-09
ROEST, William Jon	Director	2008-03-14	2013-04-08
RUSH, Peter John	Director	2016-10-28	2020-01-31
SCHNEIDER, David Theodore	Director	1998-07-20	2002-02-27
SCHNEIDER, David Theodore	Director	—	1995-06-30
SMITH, Alan	Director	—	1995-01-15
STEVENS, David John	Director	1997-12-31	1998-05-01
STYLES, David James	Director	2008-03-12	2008-10-01
THOM, James Demmink	Director	1996-09-09	1998-05-01
WHISKER, Jonathan Barclay	Director	2008-03-12	2010-08-20
WILLIAMS, Ivor Edward, Dr	Director	—	1992-10-12
WORLEY, David Kenrick	Director	2008-03-14	2012-03-20
WORTMAN, Kirk	Director	1998-05-01	2002-02-27
ZUCKERMAN, Paul	Director	2013-02-28	2016-02-01

Ownership

Persons with significant control

Name	Kind	Nature of control	Notified	Status
Formica Holdco (Uk) Limited	Corporate entity	Shares 75–100%	2016-04-06	Active

Filing timeline

Last 20 of 284 total filings

Date	Type	Category	Description
2026-01-09	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2025-09-15	AA	accounts	Accounts with accounts type full
2024-12-13	AA	accounts	Accounts with accounts type full
2024-12-12	CS01	confirmation-statement	Confirmation statement with updates	PDF
2024-11-08	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2024-06-12	AP01	officers	Appoint person director company with name date	PDF
2023-12-12	AP03	officers	Appoint person secretary company with name date	PDF
2023-12-11	TM02	officers	Termination secretary company with name termination date	PDF
2023-11-07	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2023-07-24	AA	accounts	Accounts with accounts type full
2023-06-22	TM01	officers	Termination director company with name termination date	PDF
2022-10-26	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2022-08-02	AA	accounts	Accounts with accounts type full
2022-02-23	AP01	officers	Appoint person director company with name date	PDF
2022-02-10	TM01	officers	Termination director company with name termination date	PDF
2021-11-03	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2021-10-06	AA	accounts	Accounts with accounts type full
2020-11-24	TM01	officers	Termination director company with name termination date	PDF
2020-11-04	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2020-10-02	AP01	officers	Appoint person director company with name date	PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings: 2
Capital events: 0
Officers appointed: 0
Officers resigned: 0

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

Year-on-year

FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31

Turnover

-20.3%

£44,824,000 £35,708,000
Cash

+80.8%

£624,000 £1,128,000
Net assets

-16.3%

£52,372,000 £43,844,000
Employees

-23.8%

282 215
Operating profit

+77.5%

-£36,912,000 -£8,314,000
Profit before tax

+77.1%

-£37,230,000 -£8,528,000
Wages

-21.2%

£10,528,000 £8,294,000

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

Official Companies House page