BLUE WATER ALLIANCE JV LLP
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-28 (in 4mo)
Last made up 2025-09-14
Watchouts
Cash
£17M
Latest balance sheet
Net assets
£49M
Equity attributable
Employees
0
Average over period
Profit before tax
-£5M
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
On 18 September 2025, Olin Corporation issued a press release stating that it will evolve its EDC participation by focusing on longer-term structural opportunities that enhance value and optionality. As part of this strategic shift, Olin Corporation and Mitsui & Co., Ltd. have mutually agreed to terminate their joint venture, Blue Water Alliance JV, LLP (BWA), by the end of 2025. Accordingly, the financial statements have been prepared on a non-going concern basis.
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 | £375,317,272 | £487,215,715 | |
| Operating profit | -£12,255,745 | -£5,564,122 | |
| Profit before tax | -£12,255,745 | -£5,252,039 | |
| Net profit | -£12,255,745 | -£5,252,039 | |
| Cash | £21,815,419 | £16,955,523 | |
| Total assets less current liabilities | — | — | |
| Net assets | £54,460,341 | £49,208,302 | |
| Equity | £54,460,341 | £49,209,044 | |
| Average employees | 0 | 0 | |
| 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 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -3.3% | -1.1% | |
| Net margin | -3.3% | -1.1% |
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
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“On 18 September 2025, Olin Corporation issued a press release stating that it will evolve its EDC participation by focusing on longer-term structural opportunities that enhance value and optionality. As part of this strategic shift, Olin Corporation and Mitsui & Co., Ltd. have mutually agreed to terminate their joint venture, Blue Water Alliance JV, LLP (BWA), by the end of 2025. Accordingly, the financial statements have been prepared on a non-going concern basis.”
Group structure
- BLUE WATER ALLIANCE JV LLP · parent
- Blue Water Alliance JV, LLC 100%
- BWA Japan Godo Kaisha 100%
- Blue Water Alliance Europe BV 100%
Significant events
- “On 18 September 2025, Olin Corporation issued a press release stating that it will evolve its EDC participation by focusing on longer-term structural opportunities that enhance value and optionality. As part of this strategic shift, Olin Corporation and Mitsui & Co., Ltd. have mutually agreed to terminate their joint venture, Blue Water Alliance JV, LLP (BWA), by the end of 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MBWA INVESTMENT LLC | Corporate Llp Designated Member | 2023-01-04 | — | — |
| NILOCO GLOBAL HOLDINGS, LLC | Corporate Llp Designated Member | 2022-09-15 | — | — |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| OLIN CORPORATION | Corporate Llp Designated Member | 2022-09-15 | 2023-01-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mitsui & Co., Ltd | Corporate entity | voting-rights-25-to-50-percent-limited-liability-partnership, right-to-share-surplus-assets-25-to-50-percent-limited-liability-partnership | 2023-01-04 | Active |
| Olin Corporation | Corporate entity | voting-rights-50-to-75-percent-limited-liability-partnership, right-to-share-surplus-assets-50-to-75-percent-limited-liability-partnership | 2022-09-15 | Active |
Filing timeline
Last 12 of 12 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-08 | AA | accounts | Accounts with accounts type full | |
| 2025-09-15 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-27 | AA | accounts | Accounts with accounts type full | |
| 2024-09-23 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-15 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-16 | LLPSC02 | persons-with-significant-control | Notification of a person with significant control limited liability partnership | |
| 2023-01-16 | LLPSC05 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2023-01-16 | LLAA01 | accounts | Change account reference date limited liability partnership current extended | |
| 2023-01-16 | LLAP02 | officers | Appoint corporate member limited liability partnership with appointment date | |
| 2023-01-16 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2022-11-09 | LLAD01 | address | Change registered office address limited liability partnership with date old address new address | |
| 2022-09-15 | LLIN01 | incorporation | Incorporation limited liability partnership |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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