GLENCORE UK LTD.
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-24 (in 8mo)
Last made up 2026-01-10
Watchouts
None on the register
Cash
5,076,000
+591.6% vs 2023
Net assets
225,693,000
+12.2% vs 2023
Employees
533
+9.9% vs 2023
Profit before tax
5,031,000
+182.8% vs 2023
Name history
Renamed 1 time since incorporation
- GLENCORE UK LTD. 1994-09-01 → present
- MARC RICH & CO. LIMITED 1974-05-20 → 1994-09-01
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £232,340,000 | £272,041,000 | |
| Operating profit | £1,046,000 | £12,399,000 | |
| Profit before tax | -£6,076,000 | £5,031,000 | |
| Net profit | -£7,744,000 | £7,582,000 | |
| Cash | £734,000 | £5,076,000 | |
| Total assets less current liabilities | £311,774,000 | £317,528,000 | |
| Net assets | £201,142,000 | £225,693,000 | |
| Equity | £201,142,000 | £225,693,000 | |
| Average employees | 485 | 533 | |
| Wages | £111,466,000 | £143,164,000 |
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 | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 0.5% | 4.6% | |
| Net margin | -3.3% | 2.8% | |
| Return on capital employed | 0.3% | 3.9% | |
| Gearing (liabilities / total assets) | 64.3% | 61.2% | |
| Current ratio | 1.55x | 1.58x | |
| Interest cover | 0.15x | 1.67x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Through the existing trading facilitation agreements, which the Directors expect to continue for the foreseeable future, the Company has access to the Group's committed funding and liquidity lines. The Group's forecasts and projections, which include the Company, taking into account reasonably possible changes in performance and the impact of the risks and uncertainties outlined in the Strategic Report indicate it is appropriate for the Company to adopt the going concern basis in preparing these financial statements.”
Group structure
- GLENCORE UK LTD. · parent
- Glencore Commodities Ltd 100%
- Glencore Energy UK Ltd 100%
- Glencore Shipping Limited 100%
Significant events
- “There have been various on-going investigations by regulatory and enforcement authorities within the Group, some of which were resolved in 2024 including the Serious Fraud Office ('SFO') investigation, which involved the Company's subsidiary.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DUBROVSKA, Kateryna | Secretary | 2024-05-23 | — | — |
| BAILLY, Leo-Paul | Director | 2026-04-07 | Oct 1985 | French |
| BLOUNT, Warren Michael | Director | 2017-11-22 | Aug 1973 | British |
| BULLEN, Louise Jayne | Director | 2018-03-19 | May 1979 | British |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOXER, James Michael John | Secretary | — | 2000-03-14 |
| DILWORTH, Eoin | Secretary | 2008-04-01 | 2012-09-20 |
| HINKS, Matthew | Secretary | 2012-09-20 | 2015-09-25 |
| REID, Nicholas James | Secretary | 2015-09-25 | 2024-05-23 |
| SMITH, Colin Richard | Secretary | 2000-03-14 | 2008-08-28 |
| BEARD, Alexander Frank | Director | 2007-01-01 | 2019-06-30 |
| DAUPHIN, Claude | Director | 1991-12-16 | 1992-07-09 |
| DESTRIBATS, Frank Emmanuel | Director | 2005-09-01 | 2007-01-31 |
| DREYFUSS, Daniel Natan | Director | 1993-01-07 | 2005-08-31 |
| FIGEAC, Aurelien Jean Marie Romain | Director | 2021-09-06 | 2026-03-16 |
| GIBSON, Andrew | Director | 2007-08-01 | 2018-03-29 |
| GRIMES, Laurence William | Director | — | 1995-09-13 |
| MULLERVY, Terence Anthony | Director | 2001-04-30 | 2007-08-31 |
| POSEN, Felix D | Director | — | 1991-12-16 |
| RICH, Marc | Director | — | 1993-11-14 |
| STROTHOTTE, Willy Reinhard | Director | 1994-01-06 | 2011-05-25 |
| TUCKEY, Michael John | Director | 1993-03-29 | 2001-04-30 |
| WEISS, Manny | Director | 1991-12-16 | 1992-05-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Glencore Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 175 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-08 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-17 | AA | accounts | Accounts with accounts type full | |
| 2025-04-29 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2025-04-22 | ANNOTATION | miscellaneous | Legacy | |
| 2025-04-22 | ANNOTATION | miscellaneous | Legacy | |
| 2025-01-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-18 | AA | accounts | Accounts with accounts type full | |
| 2024-05-23 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-05-23 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-01-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-23 | AA | accounts | Accounts with accounts type full | |
| 2023-01-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-22 | AA | accounts | Accounts with accounts type full | |
| 2022-06-15 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-01-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-12-20 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2021-12-20 | SH20 | capital | Legacy | |
| 2021-12-20 | CAP-SS | insolvency | Legacy |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
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
+17.1%
£232,340,000 £272,041,000
-
Cash
+591.6%
£734,000 £5,076,000
-
Net assets
+12.2%
£201,142,000 £225,693,000
-
Employees
+9.9%
485 533
-
Operating profit
+1,085.4%
£1,046,000 £12,399,000
-
Profit before tax
+182.8%
-£6,076,000 £5,031,000
-
Wages
+28.4%
£111,466,000 £143,164,000
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