BASF CATALYSTS UK HOLDINGS LIMITED

1. BASF CATALYSTS UK HOLDINGS LIMITED 2007-04-18 → present
2. ENGELHARD LIMITED 1984-12-28 → 2007-04-18
3. ENGELHARD INDUSTRIES LIMITED 1930-06-27 → 1984-12-28

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

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons. The company has limited cash flows forecast and will fund any cash requirements through the intercompany receivable balances it has. The company is an intermediate holding company of a group which includes a company engaged in metal commodity dealing to ensure competitive, efficient supply and distribution of the platinum group metals required by BASF's global operating divisions. The directors have a reasonable expectation that the company will be able to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements. For this reason, they continue to adopt the going concern basis in preparing the company's financial statements. Directors, having made appropriate enquiries and having regard to the continuing support from the Group, consider it appropriate to prepare the financial statements on a going concern basis.”

Group structure

1. BASF CATALYSTS UK HOLDINGS LIMITED · parent
   1. BASF Metals Recycling Limited 100% · UK · recovery of precious metals from scrap auto catalyst material
   2. BASF Metals Limited 100% · UK · metal trading
   3. BASF Metal Forwards Limited 100% · UK · metal trading (ceased trading and in liquidation)
   4. BASF Metals Sweden AB 100% · Sweden · recycle platinum group metals from pre-treated spent catalysts
   5. Oort Energy Limited 13.9% · UK

Significant events

• “During the year, the Company increased its investment in a subsidiary by £8,350,000 by way of a capital reserve injection.”
• “The Company impaired its investment in BASF Metal Forwards Limited by £23,433,000 due to the decision to liquidate the business.”
• “The Company impaired an investment in Oort Energy Limited by £2,500,000 and expected credit loss of £500,000 invested as Advanced Subscription Funds, due to project delays and challenging market conditions, making fundraising increasingly difficult to recover the investment.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  -81.8%

  £11,000 → £2,000

• Net assets

  -53.3%

  £29,795,000 → £13,913,000

• Employees

  —

  Not reported

• Operating profit

  -100%

  -£40,000 → -£80,000

• Profit before tax

  -39%

  £57,378,000 → £34,985,000

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