Bakelite Synthetics UK Limited
Private Limited Company · Penarth
ActiveUnited KingdomIncorporated 1965Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Company accounts
Net assets
£21,356,000
Cash
£2,418,000
Turnover
£95,936,000
Profit / loss
−£23,822,000
Current assets
£21,787,000
Creditors < 1 year
£15,876,000
Equity
£21,356,000
Average employees
86
Balance-sheet trend
GBP · companyFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-31Company · AI-read | 2024-12-31Company · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | £21,356,000 | £45,178,000 |
| Equity | £21,356,000 | £45,178,000 |
| Share capital | £2,000 | £2,000 |
| Retained earnings | £21,354,000 | £45,176,000 |
| Assets | ||
| Fixed assets | £14,986,000 | £14,435,000 |
| Intangible assets | £61,000 | £61,000 |
| Property, plant & equipment | £10,091,000 | £9,540,000 |
| Investments | £4,834,000 | £4,834,000 |
| Current assets | £21,787,000 | £52,462,000 |
| Cash at bank | £2,418,000 | £4,618,000 |
| Debtors | £12,916,000 | £41,859,000 |
| Stock | £6,453,000 | £5,985,000 |
| Liabilities | ||
| Creditors within one year | £15,876,000 | £21,719,000 |
| Creditors after one year | £459,000 | — |
| Net current assets | £5,911,000 | £30,743,000 |
| Assets less current liabilities | £20,897,000 | £45,178,000 |
| Profit & loss | ||
| Turnover | £95,936,000 | £101,211,000 |
| Cost of sales | £79,902,000 | £82,019,000 |
| Gross profit | £16,034,000 | £19,192,000 |
| Distribution costs | £2,379,000 | £2,716,000 |
| Administrative expenses | £35,698,000 | £4,268,000 |
| Operating profit | −£22,043,000 | £12,208,000 |
| Interest receivable | £36,000 | £1,320,000 |
| Interest payable | £366,000 | £84,000 |
| Profit before tax | −£22,373,000 | £13,444,000 |
| Tax | £1,449,000 | £2,609,000 |
| Profit / loss | −£23,822,000 | £10,835,000 |
| Operating costs | ||
| Depreciation | £2,479,000 | £2,356,000 |
| People & pay | ||
| Average employees | 86 | 88 |
| Staff costs | £7,590,000 | £7,847,000 |
| Wages & salaries | £6,277,000 | £6,688,000 |
| Social security costs | £892,000 | £763,000 |
| Pension costs | £421,000 | £396,000 |
| Directors' remuneration | £852 | £779 |
| Highest paid director | £607,301 | £488,167 |
| Energy & carbon | ||
| Energy use | 21,220,876 kWh | 22,771,621 kWh |
| Greenhouse gas emissions | 4,190 t CO₂e | 4,500 t CO₂e |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Principal activity
- The Company manufactures and sells adhesives and resins for use in a wide variety of applications, which are broadly categorized into Forest Product Resins, Formaldehyde and Performance Resins
- What it does
- adhesives · resins · Forest Product Resins · Formaldehyde · Performance Resins (AI keywords)
- The year
- Bakelite Synthetics UK Limited continues as the main trading entity for the Bakelite Synthetics business in the UK. The results for the financial year are set out in the Income Statement on page 11. Sales in the year are £96 million (2024 £101 million). The operating loss for the year 2025 is £22.4 million (2024 profit £10.8 million) including a restructuring charge of £26,344 (2024 £19,705).
- Outlook
- The directors expect the Company to perform satisfactorily during the forthcoming financial year. In order to remain competitive in the future economic environment, the Company will continue to develop and enhance the relationship with all customers and focus efforts around productivity and cost reductions in both manufacturing and services
- Audit
- Subsidiary audit exemption, parent guarantee (s479A)
- Immediate parent
- Bakelite UK Holding Limited · United Kingdom
- Ultimate parent
- Bakelite UK TopCo Ltd
- Ultimate controlling party
- investment funds headed by Black Diamond Capital Management and Investindustrial
- Approved
- 2026-07-21, signed by R J J J Brueren
Subsidiaries (2)
- Bakelite Botlek B V · 100% ordinary shares · Chemiestraat 30 3197 KB Botlek Rotterdam the Netherlands · Manufacture and sale of Formaldehyde
- Bakelite Synthetics India Private Limited · 99.99% ordinary shares · #1302, Tower-3, ONE International Center, Senapati Bapat Marg, Elphinstone Road (West), Mumbai - 400 013, India · Manufacture of man-made fibres
Turnover by segment (4)
- United Kingdom: 50,984 (000s) (2025-12-31)
- Rest of Europe: 44,564 (000s) (2025-12-31)
- Other: 388 (000s) (2025-12-31)
- Sales of goods: 95,936 (000s) (2025-12-31)
Share classes (1)
- 1,995 ordinary of £1 each
Principal risks (6)
- raw material pricing risk
- credit risk
- foreign currency risk
- liquidity risk
- cash flow risks
- general economic environment
Contingent liabilities (1)
- In the opinion of the directors, there were no material contingent liabilities or commitments requiring disclosure.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
13 outstanding chargesFixed · created 2025-10-06
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OutstandingProperty · created 2025-05-09
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OutstandingIntellectual Property · created 2025-05-09
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OutstandingFloating · created 2025-05-09
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OutstandingIntellectual Property · created 2025-05-09
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OutstandingFixed · created 2024-12-23
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OutstandingAll Assets · created 2024-12-23
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OutstandingUnknown · created 2023-03-30
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OutstandingUnknown · created 2023-03-30
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OutstandingFixed · created 2022-05-27
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OutstandingAll Assets · created 2022-05-27
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OutstandingFixed · created 2022-05-27
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OutstandingAll Assets · created 2022-05-27
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OutstandingShow 18 satisfied / released
Fixed · created 2022-03-14 · satisfied 2022-05-31
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SatisfiedAll Assets · created 2021-07-30 · satisfied 2022-05-31
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SatisfiedFixed · created 2019-07-01 · satisfied 2021-05-04
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SatisfiedFixed · created 2019-07-01 · satisfied 2021-04-30
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SatisfiedAll Assets · created 2019-07-01 · satisfied 2021-04-30
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SatisfiedAll Assets · created 2019-07-01 · satisfied 2021-04-30
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SatisfiedFixed · created 2015-07-27 · satisfied 2019-07-06
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SatisfiedFloating · created 2015-07-27 · satisfied 2019-07-06
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SatisfiedFixed · created 2013-10-08 · satisfied 2019-07-06
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SatisfiedFloating · created 2013-03-28 · satisfied 2019-07-06
All monies
SatisfiedUnknown · created 2005-05-31 · satisfied 2013-04-03
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SatisfiedIntellectual Property · created 2005-05-31 · satisfied 2013-04-03
All monies
SatisfiedIntellectual Property · created 2004-08-12 · satisfied 2005-09-03
All monies
SatisfiedProperty · created 2004-08-12 · satisfied 2005-09-03
All monies
SatisfiedUnknown · created 2004-08-12 · satisfied 2005-09-03
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SatisfiedProperty · created 2002-09-27 · satisfied 2005-09-03
All monies
SatisfiedUnknown · created 2002-10-04 · satisfied 2005-09-03
ALL PRESENT AND FUTURE OBLIGATIONS (OTHE R THAN THE COVENANT OBLIGATIONS) DUE OR TO BECOME DUE FROM ANY OBLIGOR (OTHER TH AN A US OBLIGOR) TO THE CHARGEE IN ITS C APACITY OF SECURITY AGENT FOR AND ON BEH ALF OF THE FINANCE PARTIES ON ANY ACCOUN T WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED I NSTRUMENT CREATING OR EVIDENCING THE CHA RGE
SatisfiedAll Assets · created 2002-09-23 · satisfied 2005-09-03
All monies
Satisfied