SCIGRIP ADHESIVES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-30
Confirmation statement due
2026-09-02 (in 4mo)
Last made up 2025-08-19
Watchouts
Cash
£9M
Latest balance sheet
Net assets
£22M
Equity attributable
Employees
—
Average over period
Profit before tax
£623K
Period ending 2024-12-30
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Disclaimer of opinion
Latest auditor's report carried a non-clean opinion.
Name history
Renamed 2 times since incorporation
- SCIGRIP ADHESIVES LIMITED 2011-05-04 → present
- HOLDTITE ADHESIVES LIMITED 2010-10-19 → 2011-05-04
- WELD HOLD LIMITED 2010-08-19 → 2010-10-19
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-30
| Metric | Trend | 2023-12-31 | 2024-12-30 |
|---|---|---|---|
| Turnover | £5,189,245 | £6,758,964 | |
| Operating profit | £72,311 | £651,245 | |
| Profit before tax | -£17,689 | £623,440 | |
| Net profit | -£12,519 | £453,603 | |
| Cash | £3,475,246 | £8,729,772 | |
| Total assets less current liabilities | £1,513,160 | £22,084,665 | |
| Net assets | £1,359,775 | £21,759,198 | |
| Equity | £1,359,775 | £21,759,198 | |
| Average employees | — | — | |
| Wages | — | — |
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 | 2023-12-31 | 2024-12-30 |
|---|---|---|---|
| Operating margin | 1.4% | 9.6% | |
| Net margin | -0.2% | 6.7% | |
| Return on capital employed | 4.8% | 2.9% | |
| Current ratio | 1.14x | 2.05x | |
| Interest cover | 0.48x | 4.34x |
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 102
- Reporting scope
- Consolidated group
- Auditor
- UNW LLP
- Audit opinion
- Disclaimer of opinion
- Going concern
- Affirmed
“The directors have a reasonable expectation that the company and its group adequate financial and other resources to continue in operational existence for the foreseeable future. Accordingly, they continue to prepare the financial statements on a going concern basis.”
Group structure
- SCIGRIP ADHESIVES LIMITED · parent
- IPS Adhesives Europe Ltd 100%
- Unika Group Limited 100%
- UCP (Holdings) Limited 100%
Significant events
- “The group was created on 27 December 2024, when the company acquired Unika Group Limited as part of a group reorganisation.”
- “In April 2022, as part of our long-term growth strategy, we began the integration of operations and back-office functions with our sister company, IPS Adhesives Europe Limited ("IPS”).”
- “The formal transfer of business was initially delayed, it was successfully effected in December 2024.”
- “As part of a group reorganisation, the company acquired the entire issued share capital of IPS on 27 December 2024, via the acquisition of Unika Group Limited, in exchange for £19.9m of share capital.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GRAY, Kevin | Director | 2025-03-21 | Jun 1976 | British |
| MARTIN, Daniel W. St. | Director | 2021-09-28 | May 1975 | American |
| MCDOWELL, Scott | Director | 2021-09-28 | Jun 1975 | American |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAKER, Simon | Director | 2023-12-31 | 2025-03-21 |
| BARTON, William | Director | 2018-02-01 | 2019-09-18 |
| BESCOBY, Eric | Director | 2010-08-19 | 2015-02-06 |
| FLETCHER, Jeffrey John | Director | 2019-09-19 | 2020-07-01 |
| GOLDBLATT, Zhana | Director | 2020-04-01 | 2023-12-31 |
| HILL, Douglas | Director | 2015-02-06 | 2017-11-07 |
| MARSCHALL, David Glenn | Director | 2017-11-07 | 2021-09-28 |
| MOORE, George Carroll | Director | 2017-11-07 | 2021-09-28 |
| PIERCE, Christopher | Director | 2015-02-06 | 2017-11-07 |
| REEVES, John | Director | 2010-10-05 | 2018-02-01 |
| THUROW, Ethan | Director | 2010-08-19 | 2015-02-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ips Holdings, Llc | Corporate entity | Significant influence | 2016-04-06 | Ceased 2016-04-06 |
Filing timeline
Last 20 of 80 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-01-06 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-06 | AA | accounts | Accounts with accounts type group | |
| 2025-09-02 | AD02 | address | Change sail address company with old address new address | |
| 2025-09-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-04 | AA | accounts | Accounts with accounts type small | |
| 2025-03-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-06 | RESOLUTIONS | resolution | Resolution | |
| 2025-01-02 | SH01 | capital | Capital allotment shares | |
| 2024-12-30 | AA01 | accounts | Change account reference date company current shortened | |
| 2024-09-21 | AA | accounts | Accounts with accounts type small | |
| 2024-09-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-05 | AD04 | address | Move registers to registered office company with new address | |
| 2024-08-20 | CH01 | officers | Change person director company with change date | |
| 2024-01-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-05 | AA | accounts | Accounts with accounts type small | |
| 2023-09-09 | DISS40 | gazette | Gazette filings brought up to date | |
| 2023-09-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-08 | GAZ1 | gazette | Gazette notice compulsory | |
| 2023-04-18 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 0
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
FY2023 → FY2024 · period ending 2024-12-30 vs 2023-12-31