INDUSTRIAL CHEMICALS GROUP 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 102

Reporting scope

Consolidated group

Auditor

Rickard Luckin Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors are confident that we will continue to be the UK market leader in water treatment chemicals and are committed to improving our market offering, striving for operational excellence across all our sites, with safety at the centre of everything that we do. We have implemented a range of strategic initiatives to lower our operating costs, improving our working capital management, which will continue to generate strong cashflows. The Group has access to considerable financial resource and has rigorous procedures for identifying, quantifying and mitigating all aspects of risk relevant to the business. The directors have confidence that the Group has adequate resources to continue in operational existence for the foreseeable future, with further asset investments planned to expand our capacity, lower our environmental impact, and increase our productivity, securing our long term future.”

Group structure

1. INDUSTRIAL CHEMICALS GROUP LIMITED · parent
   1. Industrial Chemicals Limited 100% · England and Wales

Significant events

• “2024 represented a challenging year for Industrial Chemicals and the wider chemical industry, with Global instability, energy price volatility, and regulatory pressures continuing to weigh heavily on margins.”
• “A £2.56m provision for Health & Safety and Environmental fines following a historic operational incident at West Thurrock.”
• “Capital projects were directed towards general upgrades to Chlor Alkali capacity... and continued investment in the new Poly Aluminium Chloride (PAC) plant at West Thurrock, with construction to be completed in Q2 2025, with commissioning scheduled for Q3 2025.”
• “Demolition and removal of the dormant Grays site progressed, funded through recovered scrap value, with full closure of the site expected in Q4 2025.”
• “Relocation of head office functions from Grays to Warley, Essex was completed in February 2024, supporting centralisation and efficiency. All staff transferred with no redundancies.”
• “The Group resolved to diversify its banking relationships, extending from a sole relationship with Lloyds Bank to a dual arrangement with Lloyds Bank and NatWest Bank.”
• “Industrial Chemicals (US) Limited and Industrial Zeolite (US) Limited entered into voluntary liquidation during the period... gave rise to an exceptional gain on disposal of £1,964,822.”

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

Filings

2

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

  -9.9%

  £188,490,377 → £169,767,726

• Cash

  -87.3%

  £7,150,081 → £905,871

  lowest in 3 filed years

• Net assets

  +5.8%

  £91,939,419 → £97,311,380

  highest in 3 filed years

• Employees

  +1.7%

  465 → 473

  highest in 3 filed years

• Operating profit

  -34.7%

  £8,318,601 → £5,429,616

• Profit before tax

  -6.7%

  £7,803,304 → £7,280,639

• Wages

  +4.8%

  £24,819,387 → £26,021,686

  highest in 3 filed years

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