SHPP MANUFACTURING UK LIMITED

1. SHPP MANUFACTURING UK LIMITED 2020-11-04 → present
2. SABIC INNOVATIVE PLASTICS ABS UK LIMITED 2007-11-06 → 2020-11-04
3. GE PLASTICS ABS LIMITED 1990-05-14 → 2007-11-06
4. BORG-WARNER CHEMICALS U.K. LIMITED 1990-05-02 → 1990-05-14
5. BORG-WARNER CHEMICALS U.K. LIMITED 1970-03-25 → 1990-05-02

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

“At the 31 December 2024 the Company had a net intercompany receivable balance of £5,164,359 (2023: £4,467,872). The director has considered the Company's current and future prospects, and the Company's availability of financing through the going concern assessment for a period of 12 months from the date of approval of these financial statements. The Company is party to a cash pooling arrangement and as such is therefore dependent upon the continuing support of the group. The director has obtained a letter of support from SABIC International Holdings BV confirming that they will provide support if needed to the Company for a period of 12 months from the date of approval of these financial statements. The director has assessed the ability of SABIC International Holdings BV to provide this support and has no concerns. The director is therefore satisfied that the Company can continue to pay its liabilities as they fall due for a period of at least 12 months from approval of these financial statements. For this reason, the director continues to adopt the going concern basis of preparation for these financial statements.”

Significant events

• “There has been a continuance of low volumes in 2024, as it was in 2023, principally caused by external market conditions and costs. Current global economic and political events have affected prices in feedstock and energy supplies, creating a challenging trading environment in the region.”
• “Due to current global economical and political events, increased prices for feedstock and energy supplies have been seen. Management is constantly monitoring the situation, while ensuring our business continuity with customers, suppliers, and other stakeholders with full compliance of international laws.”

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

1

last 12 months

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

• Turnover

  +5.2%

  £3,347,415 → £3,523,100

• Cash

  —

  Not reported

• Net assets

  +16.6%

  £5,523,308 → £6,437,940

• Employees

  0%

  21 → 21

• Operating profit

  +31.2%

  £330,233 → £433,348

• Profit before tax

  +38.1%

  £474,982 → £655,905

• Wages

  +3.5%

  £1,056,208 → £1,093,001

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