SUMITOMO CORPORATION EUROPE LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. SUMITOMO CORPORATION EUROPE LIMITED 2004-03-29 → present
2. SUMITOMO CORPORATION EUROPE PLC 1998-12-31 → 2004-03-29
3. SUMITOMO CORPORATION (UK) PLC 1985-02-11 → 1998-12-31

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

Other

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons: The directors have prepared cash flow forecasts and a going concern assessment for a period of at least 12 months from the date of approval of these financial statements which indicate that, taking account of reasonably possible adverse effects on the Company's trading performance and its ability to obtain adequate bank facilities and funding from its parent company, Sumitomo Corporation, to meet its liabilities as they fall due for that period. Those forecasts are dependent on Sumitomo Corporation Group not seeking repayment of the amounts outstanding from the Company, and the directors have received assurance from the parent company, Sumitomo Corporation, that it is the Company's intention to continue to make available such funds as are needed by the Company for the period covered by the forecasts. As with any company, many events are not within the control of the Company so there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so. Consequently, the directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of these financial statements ("the going concern period") and therefore have prepared the financial statements on a going concern basis.”

Group structure

1. SUMITOMO CORPORATION EUROPE LIMITED · parent
   1. Central Tubular Investment Company SA 99% · Luxembourg · Intermediate holding company
   2. SC Tubular Solutions Sakhalin LLC 99% · Russia · Stock management
   3. Oscar Agro Limited 51% · Ukraine · Intermediate holding company
   4. Spektr-Agro Limited 51% · Ukraine · Wholesale trading in chemicals
   5. Interacid Trading SA 30% · Switzerland · Distribution of chemicals

Significant events

• “Due to the ongoing crisis in Ukraine and challenging trading conditions in the country, the Company recognised an impairment loss of £2,166,000 (2024: nil) on its investment in Oscar Agro Limited, which has a subsidiary with its main operation in Ukraine.”

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

Filings

4

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

  +12.1%

  £710,545,000 → £796,291,000

• Cash

  -34.6%

  £14,337,000 → £9,376,000

• Net assets

  -28.7%

  £442,875,000 → £315,725,000

• Employees

  +3.3%

  307 → 317

• Operating profit

  +77.2%

  £30,106,000 → £53,361,000

• Profit before tax

  +2,413.2%

  £26,869,000 → £675,275,000

• Wages

  +8.2%

  £22,502,000 → £24,348,000

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