OLDBURY ENERGY SOLUTIONS (UK) LTD.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company utilises treasury facilities provided to it by financing entities, which are subsidiaries of Syensqo S.A.. As the Company is reliant on these group funding arrangements, a letter of support from Syensqo S.A. has been obtained, confirming they will provide this support to 31 December 2026. In satisfying themselves that Syensqo S.A. has the means and ability to provide such financial support if required, the directors have held discussions with group directors, have understood the available facilities and cash reserves of the parent undertaking, have reviewed group cash flow forecasts, including sensitivities and challenged the assumptions within and are satisfied there is sufficient available headroom on available facilities including covenant requirements. Thus, with the letter of support in place, the Directors continue to adopt the going concern basis of accounting in preparing the annual financial statements for a period to 31 December 2026. In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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 until 31 December 2026.”

Significant events

• “During the year ended 31 December 2024, an impairment of £Nil was recorded to the value of tangible fixed assets (2023: £0.2m).”
• “However due to the ongoing business situation as of May 2025 the GBU has announced restructuring, which will include headcount reduction.”
• “As of November 2024, as outlined in the Power of 2 Separation Agreement between Solvay and Syensqo, the liabilities associated with the Gower and Rattlechain Tips were transferred back to Solvay.”

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

Filings

14

last 12 months

Capital events

1

last 24 months

Officers appointed

3

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  -17.6%

  £43,996,000 → £36,237,000

• Cash

  —

  Not reported

• Net assets

  -67.1%

  £5,982,000 → £1,966,000

• Employees

  —

  Not reported

• Operating profit

  -1,411.3%

  -£238,000 → -£3,597,000

• Profit before tax

  -919.3%

  -£394,000 → -£4,016,000

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