LANXESS CHEMICAL LTD

• ⚠

  Material uncertainty over going concern

  The principal activity of the Company during the year remained that of the manufacture and sale of synthetic organic chemicals. However, on 30th June 2025 the company announced its decision to cease operations after completion of any outstanding manufacturing commitments. Operations are expected to cease during 2026. At this stage it is not clear if trade will recommence in the future. As the directors do not intend to acquire a replacement trade, they have not prepared the financial statements on a going concern basis. The effect of this is explained in the "going concern" section of note 2. As explained in the strategic report, the directors plan to cease operations during 2026. The directors do not believe it is appropriate to prepare these financial statements on a going concern basis, and therefore have not prepared them on a going concern basis. Please refer to the "going concern" section of note 2 for further details.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. LANXESS CHEMICAL LTD 2023-10-02 → present
2. EMERALD KALAMA CHEMICAL LIMITED 2015-07-06 → 2023-10-02
3. INNOSPEC WIDNES LIMITED 2007-10-01 → 2015-07-06
4. AROMA FINE CHEMICALS LIMITED 2006-06-01 → 2007-10-01
5. AROMA & FINE CHEMICALS LIMITED 2001-07-23 → 2006-06-01
6. BBA ORGANICS LIMITED 2001-04-10 → 2001-07-23
7. HALLCO 591 LIMITED 2001-03-13 → 2001-04-10

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

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The principal activity of the Company during the year remained that of the manufacture and sale of synthetic organic chemicals. However, on 30th June 2025 the company announced its decision to cease operations after completion of any outstanding manufacturing commitments. Operations are expected to cease during 2026. At this stage it is not clear if trade will recommence in the future. As the directors do not intend to acquire a replacement trade, they have not prepared the financial statements on a going concern basis. The effect of this is explained in the "going concern" section of note 2. As explained in the strategic report, the directors plan to cease operations during 2026. The directors do not believe it is appropriate to prepare these financial statements on a going concern basis, and therefore have not prepared them on a going concern basis. Please refer to the "going concern" section of note 2 for further details.”

Significant events

• “On 30th June 2025 the company announced its decision to cease operations during 2026, after completion of any outstanding manufacturing commitments.”
• “In June 2025 it was decided that a return to profitability was highly unlikley and that this continued loss was unsustainable. As such, the plant will be closed during 2026. After this there will be a period of review while the Directors settle the liabilities of the company and make a decision on how and whether to dispose of any realisable assets. The Directors will undergo analysis on whether any of the Fixed Assets owned by the Company can be sold to other companies operating in the wider Lanxess Group. At this stage it is not clear if the plant will reopen in the future.”

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

Filings

7

last 12 months

Capital events

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -11.6%

  £30,560,000 → £27,007,000

• Cash

  +55.4%

  £7,909,000 → £12,294,000

• Net assets

  -128.6%

  £23,282,000 → -£6,656,000

• Employees

  -7.4%

  94 → 87

• Operating profit

  -349.4%

  -£8,324,000 → -£37,408,000

• Profit before tax

  -336.5%

  -£8,841,000 → -£38,589,000

• Wages

  -0.8%

  £5,523,000 → £5,479,000

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