UK Companies House feature
INEOS FINANCE PLC
Profile
- Company number
- 07084307
- Status
- Active
- Incorporation
- 2009-11-23
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 64999
- Hubs
- UK Fintech
Accounts
Pending extraction
Audit & accounting basis
From AI-extracted PDF accounts
- 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 assets of €0.1 million (2023: €0.1 million). The Company meets its day-to-day working capital requirements through its intercompany loan and external facilities. The directors have received confirmation that the parent, 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
- “In February 2024, the Company completed a refinancing of its Senior Secured Notes which were due to mature in November 2025, March 2026 and May 2026, whereby the Notes (€1,047.9 million) were partly redeemed, with a new tranche of Euro denominated Senior Secured Notes (€850.0 million) and Senior Secured Term Loans (€425.0 million) due in 2029 and 2031 respectively, and US denominated Senior Secured Notes ($725.0 million) which are due 2029.”
- “In June 2024, the Company completed a refinancing of its Senior Secured Term Loans which were due to mature in November 2027, whereby the Term Loans (€1,500.0 million) were redeemed, with a new tranche of Euro denominated Senior Secured Term Loans which are due in 2031 (€1,500.0 million) being issued.”
- “In December 2024, the Company completed a refinancing of its Senior Secured Notes which were due to mature in November 2025 and March 2026, whereby the Notes (€123.1 million) were partly and fully redeemed, with a new tranche of Term Loans which are due in 2031 (€500.0 million) being issued. In addition, the Company also completed a refinancing of its Senior Secured Term Loans which were due to mature in 2031, whereby the Term Loans (€425.0 million) were redeemed.”
- “In February 2025 the Company issued new Senior Secured Term Loans and Senior Secured Notes due 2031 and 2030 respectively. The Senior Secured Term Loans amounted to €425 million maturing in February 2031. The interest rate is EURIBOR plus a margin of 3.25%. The Senior Secured Notes consisted of €400 million and matures in August 2030 and are listed on the Euro MTF - Luxembourg Stock Exchange. The interest rate is 5.625%. Proceeds were used to fully repay €281.2 million of the 2026 and €192.8 million of the 2025 Senior Secured Notes and to provide funding for the INEOS Group's planned acquisitions and development projects.”
- “In April 2025, the US Dollar interest swap agreement of $500 million with HSBC expired (see note 12).”
- “In April 2025, the Company entered into a US Dollar interest swap agreement of $500 million with Goldman Sachs which is effective from 30 June 2025 and expires on 30 June 2027. At the same time the Company entered into a back-to-back US Dollar interest swap agreement with INEOS US Finance LLC. This interest rate swap agreement is directly related to US Dollar interest swap agreements the Company already has with INEOS US Finance LLC and is connected to INEOS US Finance LLC interest liabilities upon its USD denominated Senior Secured Term Loans.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
4 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CLIFTON, Jennifer Ellen | Secretary | 2022-02-01 | — | — |
| GINNS, Jonathan Frank, Mr. | Director | 2012-02-16 | Nov 1973 | British |
| LEASK, Graeme Wallace | Director | 2010-04-22 | Jun 1968 | British |
| SMEETON, Debra | Director | 2023-11-06 | Aug 1967 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALI, Yasin Stanley, Mr. | Secretary | 2012-01-31 | 2021-11-30 |
| NICHOLS, Paul Frederick | Secretary | 2009-11-23 | 2010-04-23 |
| STOKES, Martin Howard | Secretary | 2010-04-23 | 2012-01-31 |
| DAWSON, James William | Director | 2010-09-21 | 2014-09-01 |
| MACLEAN, Calum Grigor | Director | 2010-04-22 | 2010-09-21 |
| MAHER, Michael John | Director | 2009-11-23 | 2010-04-23 |
| REED, Ashley Julian | Director | 2009-11-23 | 2010-04-23 |
| TANE, Christopher Edward | Director | 2009-11-23 | 2010-04-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ineos Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 80 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-12-04 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-10-03 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2025-06-06 | AA | accounts | accounts with accounts type full |
| 2025-02-13 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2024-11-27 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-07-04 | AA | accounts | accounts with accounts type full |
| 2024-06-28 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2024-02-12 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2023-11-30 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-11-06 | AP01 | officers | appoint person director company with name date |
| 2023-09-18 | CH01 | officers | change person director company with change date |
| 2023-07-12 | AA | accounts | accounts with accounts type full |
| 2023-02-17 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2022-11-30 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-11-10 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2022-06-20 | AA | accounts | accounts with accounts type full |
| 2022-02-09 | AP03 | officers | appoint person secretary company with name date |
| 2021-12-14 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2021-12-08 | TM02 | officers | termination secretary company with name termination date |
| 2021-11-11 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory