INEOS DERIVATIVES FRANCE LIMITED

1. INEOS DERIVATIVES FRANCE LIMITED 2013-09-26 → present
2. INEOS TECHNICAL SERVICES LIMITED 2008-08-15 → 2013-09-26

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 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have considered the Company's projected future cash flows and working capital requirements for a period of at least 12 months from signing of these financial statements. As at 31 December 2024, the Company had net current liabilities of €325,830,000 (2023: €304,071,000) and net assets of €320,000 (2023: €428,052,000). The Company held cash of €49,000 (2023: €88,000) and loans and borrowings of €279,923,000 (2023: €260,815,000). The profit for the year from continuing operations was €8,392,000 (2023: €25,276,000). The directors have received confirmation that INEOS Holdings Limited will continue to support the Company for at least the 12 months from signing of these financial statements. After making enquiries, the directors have a reasonable expectation that the parent's going concern assessment confirms that there is sufficient forecast committed liquidity headroom for the parent to provide this support and the Company will therefore have adequate resources to continue in operational existence for the foreseeable future. Accordingly, the Company continues to adopt the going concern basis in preparing its financial statements.”

Significant events

• “On 4 January 2022, as part of a strategic reorganisation of the Polymers South business, INEOS Derivatives France Limited sold its inventory and some other related working capital balances to INEOS Olefins S.A. ("IOSA"). On the same date, the entrepreneurial activity of the business transferred to IOSA. The activity that transferred has been classified as a discontinued operation in the income statement.”
• “There have been no post balance sheet events since the balance sheet date.”

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

Filings

2

last 12 months

Capital events

0

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

  —

  Not reported

• Cash

  -44.3%

  £76,283 → £42,476

• Net assets

  -99.9%

  £371,057,559 → £277,393

• Employees

  —

  Not reported

• Operating profit

  +103.1%

  -£1,699,896 → £52,878

• Profit before tax

  -63.8%

  £32,068,308 → £11,600,208

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