NOVELIS UK LTD

1. NOVELIS UK LTD 2005-01-05 → present
2. ALCAN PACKAGING BRIDGNORTH LTD 2003-01-29 → 2005-01-05
3. LAWSON MARDON STAR LTD. 1994-03-31 → 2003-01-29
4. STAR ALUMINIUM COMPANY LIMITED 1933-09-13 → 1994-03-31

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

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In preparing these financial statements, the directors have considered the appropriateness of the going concern basis, particularly in light of macro-economic factors including the wars/conflicts in Ukraine and Israel and the tariffs imposed by the USA administration. Considering the limited sales to these regions and the full independency of the aluminium supply from Russia, management believes that there is a very limited impact on the financial results of the Company and of the Group. The Company meets its day-to-day working capital requirements through the Group's cash pooling facility. As the Company uses floating price sales contracts, where metal prices for sales and purchases are synchronised, the risk of making a loss is limited. The majority of sales are made to group companies and having made reasonable inquiries, the directors are satisfied that the demand experienced in 2025 will continue to grow further into the future. The Company now holds the license to the Novelis Brand and will be supported by the revenue generated from charging fees to group companies for associated branding, technology and service fees. Accordingly, these assessments give the directors reasonable confidence that the business can continue to trade for at least the next 12 months. The directors also received confirmation that Novelis Inc., the company that heads the Novelis group, intend to support the Company for at least one year after the date of approval of these financial statements. The Company therefore continues to adopt the going concern basis of preparation for its financial statements.”

Significant events

• “The UBC+ project at Latchford was approved by the Group, with an expected investment of $90m. The expansion will double the amount of recycled used beverage cans and due to advanced casting technology, increase capacity of sheet ingot production. Commissioning of the new production line is expected in December 2026.”
• “The Company also secured a £14,000,000 government grant towards the expansion, of which £9,990,000 has been received during this year. The remaining amount will be received in stages up to the commissioning of the assets.”
• “The Group's restructuring plan to simplify the UK structure occurred during the year. This resulted in the hive up of the trade and assets of Novelis Services Limited to the Company, which included transferring the Novelis trademark licence to the Company.”
• “On 31 December 2024, the remaining trade and net assets of Novelis Services Limited, with a net book value of £118,613,000, were transferred to the Company through a cash dividend and a dividend in specie. This transaction represented a group reconstruction with the operations of the Company and Novelis Services Limited being combined.”

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

Filings

3

last 12 months

Capital events

0

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.

• Turnover

  +13.9%

  £401,391,000 → £457,276,000

• Cash

  —

  Not reported

• Net assets

  +6%

  £308,394,000 → £326,790,000

• Employees

  +2%

  204 → 208

• Operating profit

  +24%

  £17,841,000 → £22,129,000

• Profit before tax

  +1,678.6%

  £24,861,000 → £442,187,000

• Wages

  +6.1%

  £9,413,000 → £9,989,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers