SHELL CHEMICALS U.K. LIMITED

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 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In determining the appropriate basis of preparation of the financial statements, the Directors are required to consider whether the Company can continue in operational existence over the period to 31 December 2026 (the 'going concern period'). The Directors have considered the potential risks and uncertainties relating to ongoing geo-political events and its related economic impact on the Company's business, credit, market, and liquidity position. Based on the above, together with the Directors knowledge and experience of the market, the Directors consider it appropriate to prepare the financial statements for the year ended 31 December 2024 on a going concern basis.”

Group structure

1. SHELL CHEMICALS U.K. LIMITED · parent
   1. Synthetic Chemicals (Northern) Limited 100% · United Kingdom
   2. Shell Additives Holdings (I) B.V. 64.23% · Netherlands

Significant events

• “Management identified an impairment trigger, driven by a declining chemical margin and continuing losses generated from FEP (Fife Ethylene Plant). As a result of impairment assessment, the Company recognized a £48.1 million impairment charge in relation to the chemical plant.”
• “Shell is reviewing the future of its interest in the Fife Ethylene Plant with the third party operator/owner. The outcome of this review might have a future impact on Company's Profit and Loss and/or Balance Sheet.”
• “On procurement of additional sources of ethane supplies, the economic life of the Fife Ethylene Plant, which was initially estimated to be at end of 2025 has been reassessed to last till end of 2041.”

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

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

  -7.9%

  £153,549,000 → £141,454,000

• Cash

  —

  Not reported

• Net assets

  +6.1%

  £78,954,000 → £83,803,000

• Employees

  —

  Not reported

• Operating profit

  +0.2%

  £7,743,000 → £7,762,000

• Profit before tax

  +14.4%

  £5,701,000 → £6,520,000

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