PPG INDUSTRIES (UK) LIMITED

1. PPG INDUSTRIES (UK) LIMITED 1991-07-01 → present
2. PPG GLASS FIBRES LIMITED 1987-08-01 → 1991-07-01
3. POPLAR LIMITED 1987-03-13 → 1987-08-01

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

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have considered a going concern assessment of the Company in order to conclude on the appropriateness of preparing the financial statements on a going concern basis. Cash flow forecasts have been prepared to reflect plausible downside scenario as a result of current levels of raw material and other inflations and its impact on the Company's trading performance and outlook. Those forecasts have been compared with the current and forecast liquidity position over that period and as a result of the assessment performed the directors have a reasonable expectation that the Company will be able to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements and therefore consider it appropriate to prepare the financial statements on a going concern basis.”

Group structure

1. PPG INDUSTRIES (UK) LIMITED · parent
   1. PPG Kansai Automotive Finishes UK LLP 60% · England & Wales · sale of automotive coatings
   2. PPG Refinish Distribution Limited 100% · bodyshop parts distribution

Significant events

• “We intensified our focus on the key cultural attributes, behaviours and actions that will propel the long-term success of the company. PPG's greatest strength is its people. The Company has embarked on a journey to define and enhance PPG's culture and employee engagement efforts.”
• “The PPG Global Code of Ethics is located at http://corporate.ppg.com/Our-Company/Ethics.aspx.”
• “PPG's culture of continuous improvement also underpins our approach and commitment to sustainable operations. Whether it is increasing the efficiency of our operations or developing our people, our improvement efforts naturally extend to many areas that affect our sustainability performance.”
• “The PPG 2024 sustainability report is located at https://sustainability.ppg.com/.”
• “The Company has opportunities every day to create more value and fully leverage our scale for the benefit of our shareholders, customers and employees.”
• “During the year the company made £9,000 of contributions to United Kingdom charitable organisations (2023: £11,000). There were no donations for political purposes in the year.”
• “The Company works to attract and retain a diverse workforce and invests in employee development and wellbeing.”
• “The Company places considerable value on the involvement of its employees and has continued to keep them informed on matters affecting them as employees and on various factors concerning the performance of the company. This is achieved through regular meetings and newsletters.”
• “The Company encourages employees to share their ideas and views in developing the Company's business and enhancing its performance and conducts employee engagement surveys, which provides management with their thoughts and feelings and allows focus on matters needing change, development or improvement.”
• “Employee health and safety at work has always been of prime concern. Continuous efforts are made to improve existing measures and to stimulate interest in safety in each employee.”
• “The Company provides an environment to facilitate the professional development of its employees and thereby encourage their contribution to the success of the company. The Company places a considerable value on the personal training and development of its employees.”
• “The Company provides an Ethics helpline for anonymous reporting of concerns over ethical/behavioural matters. This gives employees the opportunity to inform the business of things that concern them and allows the business to formally investigate any issues.”
• “PPG is committed to reducing our contribution to global climate change through operational efficiency. We work to reduce greenhouse gas emissions (GHG) across our operations and value chain through initiatives to minimize energy usage, improve energy efficiency and increase the energy that we source from renewable power generation. Validated through the Science Based Targets initiative, our emissions reduction efforts support the global response to climate change while lowering operating costs and maximizing resource efficiency.”
• “In 2024 we achieved a 18% reduction in absolute direct (scope 1) and indirect (scope 2) GHG emissions from the 2019 baseline. These reductions represent continued progress against our company-wide 2030 goal of achieving a 50% reduction in GHG emissions from our own operations (scope 1 and 2 emissions).”
• “This target has been validated by the Science Based Targets initiative (SBTi) and aligns PPG's operations with a 1.5 degrees Celsius future. We also saw a 6% reduction in our scope 3 emissions against our 2019 baseline. The reduction was primarily due to improvements in the data used to calculate our inventory and grid greening benefits across the value chain. PPG has focused significant resources to better target our engagement with suppliers and focus on downstream emissions.”
• “Reducing GHG emissions from our own operations is our most direct means of contributing to the low carbon transition. To meet our 2030 goals, PPG developed a decarbonization roadmap in 2023. The roadmap includes PPG energy efficiency investments in our manufacturing facilities and increased use of renewable energy to replace our current sources of electrical energy supply. PPG's largest emissions sources come from the U.S. and Europe, representing 68% of our total 2024 emissions footprint. In 2024, 38% of our total purchased electricity was generated by renewable sources. Our UK sites have active power purchase agreements (PPAs) to directly source renewable energy generated offsite. We continue to work with partners to evaluate onsite renewable opportunities and to secure renewable electricity through PPAs, which help guarantee a renewable electricity supply for years in the future while allowing us to lock in a fixed rate for electricity. We are taking a two-pronged approach to reducing energy use that includes process improvements and the adoption of new technologies, such as combined heat and power units. As we identify the need to replace process and utility equipment that is inefficient and is at the end of its useful life, we are upgrading and retrofitting to more energy efficient assets.”
• “In 2023, the global engineering group identified energy saving opportunities at our global manufacturing sites and began installing energy monitors, such as those installed in 2024 in production equipment at the Stowmarket manufacturing plant in the UK, to better assess energy efficiency to identify opportunities to reduce usage at sites. Note if a machine goes on standby there is a process to reduce the energy consumption baseline for out of hours operations. In Europe, we have adopted rigorous energy management requirements in line with the ISO 50001 standard to help to identify wasteful energy processes and drive down energy consumption.”
• “At Stowmarket, various measures have been carried out to replace old equipment with new energy efficient equipment and below are some examples of projects to reduce energy usage on site: In February 2024, a new chilled water pump was installed which reduced energy usage by up to 18%. The aim of the pump was to circulate chilled water from the cooling tower to the reactors to cool them down to aid resin production in a more energy efficient manner.”
• “A significant amount of fluorescent light bulbs have been replaced with LED bulbs which has helped to reduce energy usage on site. In addition, over time, if fluorescent lights have ceased functioning, they have been replaced with LED energy efficient light bulbs. At Shildon, fluorescent light bulbs have also been replaced with LED bulbs and in some areas this has included installing motion sensor lighting.”
• “The company has provided unsecured guarantees to third parties in respect of HM Revenue and Customs Duty Bonds. At 31 December 2024, guarantees amounted to £1,250,000 (2023: £1,250,000).”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  -0.5%

  £144,400,000 → £143,641,000

• Cash

  +1,396.6%

  £29,000 → £434,000

• Net assets

  +9.7%

  £113,331,000 → £124,318,000

• Employees

  +4.7%

  698 → 731

• Operating profit

  +10.9%

  £9,352,000 → £10,367,000

• Profit before tax

  +18.6%

  £17,987,000 → £21,331,000

• Wages

  +6.9%

  £35,244,000 → £37,680,000

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