SHILTON MIDCO 2 LIMITED
Get an alert when SHILTON MIDCO 2 LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£13M
-61.6% vs 2023
Net assets
-£181M
-17.5% vs 2023
Employees
2,090
+7.4% vs 2023
Profit before tax
-£14M
+58.4% vs 2023
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £325,435,000 | £343,268,000 | |
| Operating profit | £34,490,000 | £36,184,000 | |
| Profit before tax | -£34,474,000 | -£14,342,000 | |
| Net profit | -£35,789,000 | -£16,308,000 | |
| Cash | £35,048,000 | £13,460,000 | |
| Total assets less current liabilities | £829,420,000 | £811,005,000 | |
| Net assets | -£154,437,000 | -£181,431,000 | |
| Equity | -£154,437,000 | -£181,431,000 | |
| Average employees | 1,946 | 2,090 | |
| Wages | £84,344,000 | £89,537,000 |
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 | 10.6% | 10.5% | |
| Net margin | -11.0% | -4.8% | |
| Return on capital employed | 4.2% | 4.5% | |
| Gearing (liabilities / total assets) | 117.0% | 120.3% | |
| Current ratio | 1.79x | 1.50x | |
| Interest cover | 0.50x | 0.39x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Going concern
- Affirmed
“The Group continues to be financed by a combination of debt and equity funding, with total bank debt including interest payable of £623.1m (2023: £588.3m), revolving credit facilities drawn-down of £7.0m (2023: £nil), preference shares including accrued interest of £309.4m (2023: £347.0m) and finance lease obligations of £45.1m (2023: £35.9m) at 31 December 2024. In addition, at 31 December 2024 the Group has undrawn committed revolving credit facilities of £77.5m (2023: £84.5m). The Group does not have bank debt or preference share repayment obligations to meet within the next 12 months, and neither does it have financial covenants to meet, except where the revolving credit facility is more than 40% drawn, which is not the case at 31 December 2024. ... With the current liquidity position of the Group, and the strength of the business model, the Directors consider that it is appropriate to prepare the financial statements on a Going Concern basis.”
Group structure
- SHILTON MIDCO 2 LIMITED · parent
- Shilton Holdco Limited 100%
- Shilton Bidco Limited 100%
- WP Safety-Kleen (Cayman) Limited 100%
- WP Safety-Kleen Limited 100%
- WP Midco1 Limited 100%
- WP Midco2 Limited 100%
- WP Midco3 Limited 100%
- Safetykleen Group Services Limited 100%
- WP SK Holdings Limited 100%
- WP SK Midco Limited 100%
- WP SK Limited 100%
- WP SK France Limited 100%
- Safety-Kleen Europe Limited 100%
- Safety-Kleen UK (Europe) Limited 100%
- Safety-Kleen UK (France) Limited 100%
- Safetykleen Finance Limited 100%
- Safety-Kleen UK Limited 100%
- Parts Wash UK Limited 100%
- Parts Wash Limited 100%
- QED Chemical Solutions Limited 100%
- Technowash Limited 100%
- WP Safety-Kleen Spain SL 100%
- Safety-Kleen España SA 100%
- WP SK France SAS 100%
- Safety-Kleen France Services SAS 100%
- Safety-Kleen France Sarl 100%
- Safety-Kleen Deutschland GmbH 100%
- SKD Holdings GmbH 100%
- Safety-Kleen Beteiligungs GmbH 100%
- Safety-Kleen Grundbesitz GmbH 100%
- Orm Bergold Chemie GmbH & Co KG 100%
- Orm Chemie GmbH 100%
- Safety-Kleen Italia Spa 100%
- WP SK Italy Srl 100%
- Safetykleen Portugal Solventes e Gestão de Residuos, SA 100%
- Safety-Kleen Ireland Limited 100%
- Safety-Kleen Belgium SA 100%
- Safety-Kleen (Netherlands) BV 100%
- Safety-Kleen Hungary KFT 100%
- Co-Ba 2000 KFT 100%
- Safety-Kleen Slovakia s.r.o. 100%
- Safety Kleen CZ, s.r.o. 100%
- Safety-Kleen Parça Temizlik Hizmetleri Limited 100%
- Global Kleen HK Limited 100%
- Servicekleen do Brasil Ltda 100%
- Riposto sp Z.O.O. 100%
- Metalwash Limited 100%
- Krystal Kleen Heritage Limited 100%
- Bupi Golser UK Limited 100%
Significant events
- “In April 2024, the Group acquired the entire share capital of Krystal Kleen Heritage Limited, and in turn its subsidiary, Metalwash Limited for a fair value of consideration of £10.2m.”
- “Subsequent to the reporting date, on 15 April 2025, the Group became aware of a letter before claim sent to one of its subsidiaries, Orm Bergold Chemie GmbH & Co KG, for damages incurred by the claimant during 2024. Management is currently assessing the letter before claim but considers that from the facts presented the Group is not responsible for the damages incurred. As at the date of approval of these financial statements, legal counsel has advised that it is not possible to reliably estimate the amount of any potential outflow of economic resources.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CONYERS TRUST COMPANY (CAYMAN) LIMITED | Corporate Secretary | 2017-12-08 | — | — |
| CREWE, Thomas Alfred | Director | 2020-12-25 | Oct 1990 | British |
| EHMER, Frank Andreas | Director | 2017-12-08 | Aug 1975 | German |
| GRIFFITH, Andrew Patrick | Director | 2017-12-08 | Mar 1968 | British |
| MEYERHOFF, Anders | Director | 2017-12-08 | Feb 1982 | American |
| OLDERSMA, Meine | Director | 2020-07-02 | Mar 1959 | Dutch |
| SOUTHERN, Julie Helen | Director | 2020-12-03 | Dec 1959 | British |
| WIEFFERING, Erwin Sander | Director | 2021-02-01 | Oct 1972 | Dutch |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALIBERTI, Giancarlo Rodolfo | Director | 2017-12-08 | 2018-08-06 |
| LEMNITZ, Mark | Director | 2018-08-06 | 2020-12-25 |
| MAUGUY, Philippe Robert Francis | Director | 2017-12-08 | 2020-07-02 |
| VIKKI FRANCES COPESTICK, Helen | Director | 2022-03-11 | 2022-04-21 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 27 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-01 | AA | accounts | Accounts with accounts type group | |
| 2024-10-18 | AA | accounts | Accounts with accounts type group | |
| 2023-10-17 | AA | accounts | Accounts with accounts type group | |
| 2022-10-27 | AA | accounts | Accounts with accounts type group | |
| 2022-05-04 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2022-04-05 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2021-10-05 | AA | accounts | Accounts with accounts type full | |
| 2021-06-07 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2021-06-01 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2021-03-12 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2021-01-26 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2020-10-16 | AA | accounts | Accounts with accounts type full | |
| 2020-08-18 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2020-08-18 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2019-10-17 | AA | accounts | Accounts with accounts type full | |
| 2019-10-17 | AA01 | accounts | Change account reference date company previous shortened | |
| 2018-10-11 | AA | accounts | Accounts with accounts type group | |
| 2018-09-13 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2018-09-03 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2018-01-11 | OSCH01 | other | Change company details by uk establishment overseas company with change details |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- 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
+5.5%
£325,435,000 £343,268,000
-
Cash
-61.6%
£35,048,000 £13,460,000
-
Net assets
-17.5%
-£154,437,000 -£181,431,000
-
Employees
+7.4%
1,946 2,090
-
Operating profit
+4.9%
£34,490,000 £36,184,000
-
Profit before tax
+58.4%
-£34,474,000 -£14,342,000
-
Wages
+6.2%
£84,344,000 £89,537,000
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