VICTREX MANUFACTURING LIMITED
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Next accounts due
2027-06-30 (in 1y)
Last filed for 2025-09-30
Confirmation statement due
2026-12-24 (in 7mo)
Last made up 2025-12-10
Watchouts
None on the register
Cash
£13M
-10.6% vs 2024
Net assets
£262M
0% vs 2024
Employees
793
+4.2% vs 2024
Profit before tax
£5M
+170.8% vs 2024
Name history
Renamed 1 time since incorporation
- VICTREX MANUFACTURING LIMITED 1993-10-01 → present
- GRANGEBRIGHT LIMITED 1993-08-16 → 1993-10-01
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · latest reflected 2025-09-30
| Metric | Trend | 2024-09-30 | 2025-09-30 |
|---|---|---|---|
| Turnover | £195,300,000 | £204,800,000 | |
| Operating profit | £13,200,000 | £7,400,000 | |
| Profit before tax | -£6,500,000 | £4,600,000 | |
| Net profit | -£9,600,000 | £2,200,000 | |
| Cash | £14,100,000 | £12,600,000 | |
| Total assets less current liabilities | £304,200,000 | £305,000,000 | |
| Net assets | £261,700,000 | £261,800,000 | |
| Equity | £261,700,000 | £261,800,000 | |
| Average employees | 761 | 793 | |
| Wages | £45,400,000 | £49,800,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-09-30 | 2025-09-30 |
|---|---|---|---|
| Operating margin | 6.8% | 3.6% | |
| Net margin | -4.9% | 1.1% | |
| Return on capital employed | 4.3% | 2.4% | |
| Gearing (liabilities / total assets) | 45.8% | 43.7% | |
| Current ratio | 0.98x | 1.02x | |
| Interest cover | 18.86x | 12.33x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Following this detailed assessment and taking account of the letter of support received from Victrex plc, and the pledge received from a fellow subsidiary undertaking, the directors are satisfied, that the Company has adequate resources to continue to operate and meet its liabilities as they fall due for the foreseeable future, a period considered to be at least 12 months from the date of signing these financial statements. For this reason, they continue to adopt the going concern basis for preparing the financial statements.”
Group structure
- VICTREX MANUFACTURING LIMITED · parent
- Zyex Limited
- Victrex Hong Kong Limited 100%
- Victrex High-Performance Materials (Shanghai) Co., Ltd 100%
- Invibio (Beijing) Trading Co., Limited 100%
- Victrex (Panjin) High Performance Materials Co., Ltd 75%
Significant events
- “Exceptional items were £12.3m (2024: £30.8m) which relate to the fair value loss of the equity investment in and loans advanced to Surface Generation Limited of £4.0m (2024: £21.2m relating to the impairment of investment in associate and fair value loss on loans due from Bond 3D High Performance Technology BV) and the costs of business process improvements including ERP system of £8.3m (2024: £9.6m).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 30 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MELLING, Ian Clifford | Director | 2022-07-04 | Apr 1978 | British |
| ROUTH, James Mathew | Director | 2026-01-01 | May 1973 | British |
Show 30 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BUTTERWORTH, Howard Alan | Secretary | 1993-09-20 | 1997-01-15 |
| GLADDEN, Brett | Secretary | 2016-02-24 | 2018-05-11 |
| HULME, Gary Michael | Secretary | 2009-01-01 | 2012-04-16 |
| KONCAREVIC, Suzana | Secretary | 2012-04-16 | 2015-11-01 |
| PEACOCK, Michael William | Secretary | 2000-02-01 | 2009-01-01 |
| TILSTON, David Frank | Secretary | 1997-01-15 | 2000-02-01 |
| WALDEK, Louise | Secretary | 2018-12-17 | 2021-07-01 |
| CLIFFORD CHANCE SECRETARIES LIMITED | Corporate Nominee Secretary | 1993-08-16 | 1993-09-20 |
| ARMITAGE, Richard James | Director | 2018-05-01 | 2022-05-27 |
| BAMFORD, John | Director | 1993-09-30 | 1999-05-28 |
| BARROW, Andrew Stephen | Director | 2011-10-06 | 2014-02-01 |
| BREAM, Peter Edward | Director | 2010-10-08 | 2011-10-06 |
| BURDETT, Louisa Sachiko, Group Finance Director | Director | 2014-02-01 | 2018-04-30 |
| BUTTERWORTH, Howard Alan | Director | 1993-09-20 | 1997-01-15 |
| CHARLTON, Peter John | Nominee Director | 1993-08-16 | 1993-09-20 |
| CLARK, Eileen Fiona | Director | 1993-12-20 | 1995-06-30 |
| CLINCH, Anthony Gorman | Director | 2002-04-18 | 2008-06-30 |
| COOPER, Timothy John | Director | 2010-02-11 | 2019-09-30 |
| COURT, Martin Lindsay | Director | 2015-05-01 | 2023-09-30 |
| HULME, Gary Michael | Director | 2010-02-11 | 2012-04-16 |
| HUMMEL, David Richard | Director | 1993-09-30 | 2018-02-09 |
| PEACOCK, Michael William | Director | 2000-02-01 | 2010-10-07 |
| RICHARDS, Martin Edgar | Nominee Director | 1993-08-16 | 1993-09-20 |
| ROWLEY, Peter John, Dr | Director | 1993-09-20 | 1997-06-30 |
| SIGURDSSON, Jakob Oskar | Director | 2018-01-24 | 2026-02-06 |
| SOUDER, Blair | Director | 2002-10-18 | 2009-03-31 |
| SYMS, Paul Jeremy Charles | Director | 1999-05-04 | 2002-06-10 |
| SYMS, Paul Jeremy Charles | Director | 1993-09-30 | 1993-12-20 |
| TILSTON, David Frank | Director | 1997-01-15 | 2000-02-01 |
| WALKER, Timothy John, Dr | Director | 1999-05-04 | 2010-02-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Victrex Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 165 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-30 MA Memorandum articles
- 2025-07-30 RESOLUTIONS Resolution
- 2025-07-30 CC04 Statement of companys objects
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-16 | AA | accounts | Accounts with accounts type full | |
| 2026-02-10 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-30 | MA | incorporation | Memorandum articles | |
| 2025-07-30 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-30 | CC04 | change-of-constitution | Statement of companys objects | |
| 2025-03-17 | AA | accounts | Accounts with accounts type full | |
| 2024-12-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-27 | AA | accounts | Accounts with accounts type full | |
| 2024-02-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-02 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-27 | AA | accounts | Accounts with accounts type full | |
| 2022-07-05 | AP01 | officers | Appoint person director company with name date | |
| 2022-05-30 | TM01 | officers | Termination director company with name termination date | |
| 2022-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-21 | AA | accounts | Accounts with accounts type full | |
| 2021-07-06 | TM02 | officers | Termination secretary company with name termination date | |
| 2021-02-26 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-09-30 vs 2024-09-30
-
Turnover
+4.9%
£195,300,000 £204,800,000
-
Cash
-10.6%
£14,100,000 £12,600,000
-
Net assets
0%
£261,700,000 £261,800,000
-
Employees
+4.2%
761 793
-
Operating profit
-43.9%
£13,200,000 £7,400,000
-
Profit before tax
+170.8%
-£6,500,000 £4,600,000
-
Wages
+9.7%
£45,400,000 £49,800,000
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