F2 CHEMICALS LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. F2 CHEMICALS LIMITED 1997-04-07 → present
2. BNFL FLUOROCHEMICALS LIMITED 1992-01-23 → 1997-04-07

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

Standalone (parent only)

Auditor

Abrams Ashton - Chorley Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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 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.”

Significant events

• “The company's turnover has reduced by 9% during 2024. The decrease is in the main due to reduced demand in the electronic gas market, although this has been offset by increased demand for Flutec liquid products.”
• “Despite the reduction in turnover, operating margin has improved from last year due to higher margins achieved with the mix of products sold during the year.”
• “In 2024 sales to Europe accounted for 56.6% of turnover (2023: 47.1%). Indications from the customer base in Europe is that demand for the products remains strong. The impact of Brexit has continued to provide logistical and administrative challenges for both distributing product and importing raw materials, although procedures have settled to some degree. The changes do not appear to have impacted the appetite to trade with Europe.”
• “The company seeks to reduce risk by diversifying and has continued to take advantage of opportunities and partnerships outside the EC. This has been reflected in sales to Asian regions, which total almost £2.2m in 2024. Sales to Asian countries account for 16.4% of the company's total sales and remained strong despite the impact of the embargo on sales to Russia and Ukraine.”

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

Filings

15

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -9.3%

  £14,732,999 → £13,357,541

• Cash

  +7.7%

  £4,558,173 → £4,907,274

• Net assets

  +10.7%

  £14,176,846 → £15,695,969

• Employees

  -2.2%

  45 → 44

• Operating profit

  +57.6%

  £2,425,441 → £3,822,105

• Profit before tax

  +63.1%

  £2,441,769 → £3,982,531

• Wages

  +3.5%

  £2,168,550 → £2,245,450

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