BITREZ GROUP LIMITED

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. BITREZ GROUP LIMITED 2001-11-23 → present
2. BITREZ LIMITED 1982-04-07 → 2001-11-23
3. LENSESKILL LIMITED 1982-02-12 → 1982-04-07

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

Walter Dawson & Son

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. BITREZ GROUP LIMITED · parent
   1. Bitrez Limited 100% · United Kingdom · Chemicals manufacture
   2. Bitrez International Limited 100% · United Kingdom · Dormant

Significant events

• “We were delighted to undertake a collaboration that meant that as of January 31st, 2024, BASF and Bitrez Ltd entered into an agreement under which technology for selected Speciality Amino Resins was provided to Bitrez and subsequently sold to market. With other similar ventures in the pipeline, the opportunities for business are growing significantly.”
• “Regulatory changes also continue to factor highly in sales growth. One of the concerns associated with the conventional modification of numerous polymers in the field we operate is the inclusion of substances to enhance processing and cure properties. The EU and the UK government have introduced new legislation on the use of chemicals, placing tight restrictions on those considered to be substances of very high concern (SVHCs), due to the long term and serious effects that they may have on human health. SVHCs include carcinogenic, mutagenic, reprotoxic substances (CMRs) and, more recently, compounds with endocrine-disrupting (ED) potential. CMR chemicals make up the first and most toxic category of the toxicity classes into which hazardous chemicals can be subdivided. These products also impact other geographic regions as the nature of global sales requires adherence with the prevailing legislative requirements in the destination country. We are developing and offering products for compliance with global standards.”

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

Filings

18

last 12 months

Capital events

0

last 24 months

Officers appointed

3

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

  +0.7%

  £26,875,350 → £27,059,687

• Cash

  +15.8%

  £4,386,940 → £5,081,962

  highest in 6 filed years

• Net assets

  +7%

  £15,133,703 → £16,190,917

  highest in 6 filed years

• Employees

  0%

  88 → 88

• Operating profit

  +33.1%

  £3,063,866 → £4,078,229

• Profit before tax

  +32.4%

  £3,084,603 → £4,084,876

• Wages

  +12.5%

  £3,486,587 → £3,921,671

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