ITALMATCH CHEMICALS GB LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-10 (in 1y)
Last made up 2026-04-26
Watchouts
None on the register
Cash
£2M
-29.3% vs 2023
Net assets
£37M
+7.4% vs 2023
Employees
62
-16.2% vs 2023
Profit before tax
£4M
+50.2% vs 2023
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £46,922,000 | £44,120,000 | |
| Operating profit | £3,916,000 | £4,770,000 | |
| Profit before tax | £2,374,000 | £3,566,000 | |
| Net profit | £2,961,000 | £2,578,000 | |
| Cash | £2,453,000 | £1,735,000 | |
| Total assets less current liabilities | £67,153,000 | £64,985,000 | |
| Net assets | £34,772,000 | £37,350,000 | |
| Equity | £34,772,000 | £37,350,000 | |
| Average employees | 74 | 62 | |
| Wages | £3,465,000 | £3,614,000 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 8.3% | 10.8% | |
| Net margin | 6.3% | 5.8% | |
| Return on capital employed | 5.8% | 7.3% | |
| Current ratio | 1.10x | 0.99x | |
| Interest cover | 1.67x | 2.25x |
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
- Ecovis Wingrave Yeats LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- ITALMATCH CHEMICALS GB LIMITED · parent
- BWA Water Additives UK Limited 100%
- Italmatch Japan Ltd 100%
- BWA Water Additives FZE 100%
- Aubin Limited 100%
- Aubin Inc. 100%
- Aubin Energy DMCC 100%
Significant events
- “Turnover for the year was £44,120,000 (2023 - £46,922,000) and cash balances were £1,735,000 (2023 - £2,453,000).”
- “The operating profit was £4,770,000 (2023 - £3,916,000). This is due to a reduction in foreign exchange losses for the year of £47,000 (2023 - loss of £623,000), a slight improvement in margins and a reduction in overhead costs.”
- “Adjusted EBITDA, excluding intercompany services, was £1,637,000 (2023 - £1,564,000), intercompany tax income (Note 5), exceptional items (Note 13) and exchange differences (Note 6) was £1,461,000 (2023 - £8,368,000).”
- “On 1st January 2023 the Company acquired the trade and assets of Aubin Limited for £3,208,000 and as part of this hybrid merger accounting recognised the difference between the consideration and carrying value of the net assets in goodwill.”
- “On 22 January 2024, the Company's 100% direct investment in BWA Water Additives DMCC was liquidated.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| QUAYSECO LIMITED | Corporate Secretary | 2018-04-27 | — | — |
| DE JONG, Foort | Director | 2018-04-27 | May 1960 | Dutch |
| TURCI, Maurizio | Director | 2018-04-27 | Jun 1959 | Italian |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GENERALI, Sergio | Director | 2018-04-27 | 2018-08-03 |
| SAVIDGE, Alan | Director | 2018-04-27 | 2018-08-03 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 32 total filings
Material constitutional events — rename, articles re-file, resolution
- 2020-12-22 MA Memorandum articles
- 2020-12-22 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-29 | AA | accounts | Accounts with accounts type full | |
| 2025-04-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-23 | AA | accounts | Accounts with accounts type full | |
| 2024-04-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-25 | AA | accounts | Accounts with accounts type full | |
| 2023-04-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-09-08 | AA | accounts | Accounts with accounts type full | |
| 2022-04-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-03 | AA | accounts | Accounts with accounts type full | |
| 2021-04-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-22 | MA | incorporation | Memorandum articles | |
| 2020-12-22 | RESOLUTIONS | resolution | Resolution | |
| 2020-12-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-04-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-03-23 | AA | accounts | Accounts with accounts type full | |
| 2019-04-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2019-03-25 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- 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 2024-12-31 vs 2023-12-31
-
Turnover
-6%
£46,922,000 £44,120,000
-
Cash
-29.3%
£2,453,000 £1,735,000
-
Net assets
+7.4%
£34,772,000 £37,350,000
-
Employees
-16.2%
74 62
-
Operating profit
+21.8%
£3,916,000 £4,770,000
-
Profit before tax
+50.2%
£2,374,000 £3,566,000
-
Wages
+4.3%
£3,465,000 £3,614,000
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