Company Identification Details
|
Subject Reported on
|
BASF PERFORMANCE PRODUCTS PLC
|
|
Registration Number
|
03249009
|
|
VAT Number
|
GB677366781
|
|
Address
|
CHARTER WAY, MACCLESFIELD, CHESHIRE, SK10 2NX.
|
|
Telephone
|
01625 421 933
|
|
Facsimile
|
01625 619 637
|
|
Web Address
|
www.basf.co.uk
|
Official Company Data
|
Legal Form
|
Public Limited Company
|
|
Registration Number
|
03249009
|
|
VAT Number
|
GB677366781
|
|
Subject Status
|
Trading
|
|
Date of Incorporation
|
12/09/1996
|
|
Registered Office
|
PO BOX 4 EARL ROAD, CHEADLE HULME, CHEADLE, CHESHIRE.
|
|
History
|
26/03/2010 : The
Registered Office address changed from CHARTER WAY, MACCLESFIELD, CHESHIRE,
SK10 2NX.
|
|
|
1/03/2010 : Change
of name from CIBA UK PLC.
|
|
|
1/10/2007 : Change
of name from CIBA SPECIALTY CHEMICALS PLC.
|
|
|
1/09/1997 : Change
of name from CIBA SPECIALTY CHEMICALS (UK) LIMITED.
|
|
|
26/08/1997 : The
Registered Office address changed from HULLEY ROAD, MACCLESFIELD, CHESHIRE SK10
2NX,.
|
|
|
21/01/1997 : The
Registered Office address changed from DENNIS HOUSE MARSDEN STREET,
MANCHESTER, M2 1.
|
|
|
30/09/1996 : Change
of name from INHOCO 547 LIMITED.
|
|
Date of Last Annual Return to Registry
|
12/09/2010
|
|
Accounts
|
The last filed accounts at Companies House are those to 31/12/2010
|
|
Accounting Reference Date
|
31/12
|
Operations
|
Activities
|
The manufacture and sale of speciality chemicals.
|
|
Nace Code
|
2466
|
|
Premises
|
Owned,Offices,Factory
|
|
Staff Employed
|
1,154
|
|
Trade Names
|
PIGMENTS OF ENGLAND
|
|
Import Countries
|
ALL OVER THE WORLD
|
|
Export Countries
|
ALL OVER THE WORLD
|
|
Bankers
|
HSBC BANK PLC
|
|
Address
|
KING STREET, MANCHESTER.
|
|
Sort Code
|
403124
|
|
Auditors
|
KPMG LLP
|
|
Branches
|
HAWKHEAD ROAD,
PAISLEY, RENFREWSHIRE, PA2 7BH.
|
|
Associated Companies
|
CIBA SPECIALTY
CHEMICALS OVERSEAS LIMITED
|
|
Subsidiaries
|
CIBA UK PENSION
TRUST LIMITED
|
|
|
KOLORCUBE LIMITED
|
Historical Rating
|
Date
|
Monthly Credit Guide
|
|
25/08/2011
|
325,000
|
|
25/05/2011
|
875,000
|
|
25/02/2011
|
875,000
|
|
25/11/2010
|
862,000
|
|
25/08/2010
|
875,000
|
Previous Searches
|
Last 3 Months
|
Last 6 Months
|
Last 12 Months
|
|
2
|
9
|
17
|
|
Search History Details
|
|
|
|
The Search History Details shows details of the most recent 40
searches
|
|
Date
|
Description
|
|
20/07/2011
|
Other credit granting
|
|
20/07/2011
|
Other credit granting
|
|
03/05/2011
|
Other financial intermediation not elsewhere classified
|
|
20/04/2011
|
Manufacture of instruments and appliances for measuring, checking,
testing, navigating an
|
|
01/04/2011
|
Wholesale of chemical products
|
|
01/04/2011
|
Miscellaneous
|
|
22/03/2011
|
Labour recruitment and provision of personnel
|
|
22/03/2011
|
Manufacture of other inorganic basic chemicals
|
|
16/03/2011
|
Manufacture of other organic basic chemicals
|
|
09/02/2011
|
Manufacture of other organic basic chemicals
|
|
12/01/2011
|
Labour recruitment and provision of personnel
|
|
16/12/2010
|
Other retail sale in specialised stores
|
|
16/12/2010
|
Other retail sale in specialised stores
|
|
15/11/2010
|
Miscellaneous
|
|
19/10/2010
|
Labour recruitment and provision of personnel
|
|
28/09/2010
|
Miscellaneous
|
|
25/08/2010
|
Wholesale of solid, liquid and gaseous fuels and related products
|
|
09/08/2010
|
Miscellaneous
|
Public Record Information
|
Summary of CCJ's/Scottish Decrees
|
|
Period
|
Last 72 Months
|
|
Amount Summary
|
397
|
|
Count Summary
|
2
|
|
Details of the most recent CCJ's/Scottish Decrees
|
|
Date
|
Amount
|
Type
|
Case No
|
Satisfied
|
Court
|
|
08/05/2006
|
302
|
Judgment
|
6DE02879
|
21/11/2006
|
DERBY
|
|
10/02/2006
|
95
|
Judgment
|
6XJ01092
|
24/03/2006
|
NORTHAMPTON CCBC
|
Other Filings and Notices
|
06/05/2011
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
04/05/2011
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
27/07/2010
|
Companies House Gazette
|
Any statement of capital and initial shareholdings
|
|
27/07/2010
|
Companies House Gazette
|
Any amendment to company's articles (including every resolution or
agreement required to be embodied in or annexed to copies of the company's
articles issued by
|
|
21/07/2010
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
30/03/2010
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
25/03/2010
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
05/03/2009
|
Companies House Gazette
|
Change among directors of a company
|
|
25/02/2009
|
Companies House Gazette
|
Change among directors of a company
|
|
23/01/2009
|
Companies House Gazette
|
Change among directors of a company
|
|
10/07/2008
|
Companies House Gazette
|
Change among directors of a company
|
|
09/01/2007
|
Companies House Gazette
|
Change among directors of a company
|
|
27/09/2005
|
Companies House Gazette
|
Change among directors of a company
|
|
13/05/2005
|
Companies House Gazette
|
Change among directors of a company
|
|
26/04/2005
|
Companies House Gazette
|
Change among directors of a company
|
|
17/01/2004
|
Companies House Gazette
|
Change among directors of a company
|
|
07/01/2004
|
Companies House Gazette
|
Change among directors of a company
|
|
09/11/2001
|
Companies House Gazette
|
Change among directors of a company
|
|
22/10/1999
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
22/10/1999
|
Companies House Gazette
|
Special resolutions passed under section 95 disapplication of
pre-emption rights
|
Company Secretary
|
Secretary
|
MISS HELEN VICTORIA KOERNER
|
|
Service Address
|
PO BOX 4 EARL ROAD, CHEADLE HULME, CHEADLE, CHESHIRE.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Appointment Date
|
01/03/2010
|
Directors
|
Director
|
MISS HELEN VICTORIA KOERNER
|
|
Service Address
|
PO BOX 4 EARL ROAD, CHEADLE HULME, CHEADLE, CHESHIRE.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
05/12/1974
|
|
Appointment Date
|
01/03/2010
|
|
Other Directorships
|
CIBA UK INVESTMENT PLC
|
|
Director
|
MR TORBEN BERLIN JENSEN
|
|
Service Address
|
PO BOX 4 EARL ROAD CHEADLE HULME, CHEADLE, CHESHIRE, SK8 6QG.
|
|
Country of Origin
|
DENMARK
|
|
Date of Birth
|
02/06/1957
|
|
Appointment Date
|
12/08/2009
|
|
Other Directorships
|
SHEFFIELD SMELTING COMPANY,LIMITED.(THE), BASF CATALYSTS UK
HOLDINGS LIMITED, SOREX LIMITED, BASF CONSTRUCTION CHEMICALS (UK)
LIMITED, BASF COATINGS REFINISH LIMITED, BASF PUBLIC LIMITED
COMPANY, BASF POLYURETHANES U.K. LIMITED, CHEMICAL INDUSTRIES
ASSOCIATION LIMITED, BTC SPECIALITY CHEMICAL DISTRIBUTION
LIMITED, ENGELHARD METALS LIMITED, BASF COATINGS
LIMITED, ENGELHARD INTERNATIONAL LIMITED, SOREX HOLDINGS
LIMITED, BASF U.K. HOLDINGS LIMITED, CIBA UK INVESTMENT
PLC, ALCOTECH LIMITED
|
|
Director
|
DR GORDON ALEXANDER THOMSON
|
|
Service Address
|
PO BOX 4 EARL ROAD, CHEADLE HULME, CHEADLE, CHESHIRE.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
25/12/1957
|
|
Appointment Date
|
01/03/2010
|
|
Other Directorships
|
BASF PUBLIC LIMITED COMPANY
|
|
Director
|
MR GEOFFREY WILLIAM MACKEY
|
|
Service Address
|
PO BOX 4 EARL ROAD, CHEADLE HULME, CHEADLE, CHESHIRE.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
28/07/1965
|
|
Appointment Date
|
01/03/2010
|
|
Other Directorships
|
BASF PUBLIC LIMITED COMPANY
|
|
Director
|
DR GORDON ALEXANDER THOMSON
|
|
Service Address
|
PO BOX 4 EARL ROAD, CHEADLE HULME, CHEADLE, CHESHIRE.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
25/12/1957
|
|
Appointment Date
|
01/03/2010
|
|
Director
|
MR THOMAS URWIN
|
|
Service Address
|
PO BOX 4 EARL ROAD, CHEADLE HULME, CHEADLE, CHESHIRE.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
23/12/1966
|
|
Appointment Date
|
01/03/2010
|
|
Other Directorships
|
SHEFFIELD SMELTING COMPANY,LIMITED.(THE), BASF CATALYSTS UK HOLDINGS
LIMITED, SOREX LIMITED, BASF PUBLIC LIMITED COMPANY, COGNIS
SPECIALITY ORGANICS FAR EAST LIMITED, SOREX HOLDINGS
LIMITED, BASF U.K. HOLDINGS LIMITED, CIBA UK INVESTMENT
PLC, BASF CONTROLS LIMITED, COSMETIC RHEOLOGIES
LIMITED, ALCOTECH LIMITED, COGNIS PERFORMANCE CHEMICALS UK
LIMITED, ENGELHARD EUROPE FINANCE LIMITED
|
|
Director
|
MR MATTHIAS HALUSA
|
|
Service Address
|
65 HOEHENWEG 65, CH-4102 BINNINGEN.
|
|
Country of Origin
|
GERMANY
|
|
Date of Birth
|
09/04/1968
|
|
Appointment Date
|
01/10/2010
|
Share Capital
|
Shares
|
Ordinary GBP 0.05
|
|
Issued Number
|
999,813,362
|
|
Shares
|
Ordinary A GBP 0.05
|
|
Issued Number
|
2
|
|
Principal Shareholder
|
999,813,362 CIBA Speciality Chemicals Water Treatments Ltd
|
|
|
2 CIBA Speciality Chemicals Water Treatments Ltd
|
|
The above reflects the principle shareholder(s) by number of shares
held, irrespective of share classification type.
|
|
Holding Company
|
CIBA Speciality Chemicals Water Treatments Ltd
|
|
Ultimate Parent
|
BASF SOCIETAS EUROPAEA, a company incorporated in GERMANY
|
Financial Data– Statutory Accounts
Profit and Loss
The following
figures are shown in units of 1000
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
31/12/2010
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
SALES
|
358307
|
356464
|
394512
|
403943
|
|
UK sales
|
23827
|
106032
|
111823
|
103287
|
|
Export
|
334480
|
250432
|
282689
|
300656
|
|
Cost of goods sold
|
319088
|
292398
|
345814
|
330255
|
|
GROSS PROFIT
|
39219
|
64066
|
48698
|
73688
|
|
Wages and Salaries
|
44865
|
48599
|
51158
|
56090
|
|
Directors Emoluments
|
757
|
504
|
265
|
342
|
|
Auditors Fees
|
153
|
115
|
150
|
187
|
|
Non-Audit Fees
|
25
|
43
|
9
|
20
|
|
Trading Profit
|
16109
|
34588
|
36915
|
60842
|
|
Depreciation
|
31294
|
14627
|
17129
|
16927
|
|
OPERATING PROFIT
|
(15185)
|
19961
|
19786
|
43915
|
|
Non Trading Income
|
35215
|
29834
|
25036
|
20148
|
|
Interest Payable
|
43707
|
41617
|
41337
|
42638
|
|
PRE TAX PROFIT
|
(23677)
|
8178
|
3485
|
21425
|
|
Taxation
|
(2480)
|
3040
|
335
|
(521)
|
|
PROFIT AFTER TAX
|
(21197)
|
5138
|
3150
|
21946
|
|
RETAINED PROFITS
|
(21197)
|
5138
|
3150
|
21946
|
Balance Sheet
The following
figures are shown in units of 1000
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
31/12/2010
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
TOTAL FIXED ASSETS
|
553365
|
585025
|
621473
|
608554
|
|
Tangible Assets
|
553221
|
584870
|
621308
|
608379
|
|
Fixed Assets
|
99066
|
125641
|
138777
|
146962
|
|
Intermediate assets
|
1719
|
25
|
20355
|
23077
|
|
Due From Group
|
452436
|
459204
|
462176
|
438340
|
|
Intangible Assets
|
144
|
155
|
165
|
175
|
|
TOTAL CURRENT ASSETS
|
122635
|
156634
|
148519
|
158042
|
|
Trade debtors
|
1112
|
21712
|
28151
|
26626
|
|
Stocks
|
55843
|
42870
|
52819
|
57000
|
|
Other Current Assets
|
65680
|
92052
|
67549
|
74416
|
|
Misc Current Assets
|
3881
|
5192
|
3287
|
6404
|
|
Due From Group
|
61647
|
52935
|
62254
|
66434
|
|
Cash
|
152
|
33925
|
2008
|
1578
|
|
TOTAL ASSETS
|
676000
|
741659
|
769992
|
766596
|
|
TOTAL CURRENT LIABILITIES
|
94347
|
125010
|
95582
|
223348
|
|
Trade creditors
|
18229
|
17495
|
37199
|
28796
|
|
Short Term Loans
|
65950
|
93324
|
44754
|
179915
|
|
Other Finance
|
8
|
|
|
|
|
Due To Group
|
65942
|
93324
|
44754
|
179915
|
|
Other Liabilities
|
10168
|
14191
|
13629
|
14637
|
|
WORKING CAPITAL
|
28288
|
31624
|
52937
|
(65306)
|
|
TOTAL LONG TERM LIABS
|
562435
|
590454
|
596590
|
460527
|
|
Long Term Loans
|
542580
|
542426
|
581029
|
440414
|
|
Other Finance
|
70302
|
70148
|
70027
|
69905
|
|
Due To Group
|
472278
|
472278
|
511002
|
370509
|
|
Other Liabilities
|
19855
|
48028
|
15561
|
20113
|
|
NET ASSETS/(LIABILITIES)
|
19218
|
26195
|
77820
|
82721
|
|
SHARE CAPITAL + RESERVES
|
19218
|
26195
|
77820
|
82721
|
|
Share Cap + Sundry Res
|
110869
|
110958
|
111468
|
112200
|
|
Issued Share Capital
|
49991
|
49991
|
49991
|
49991
|
|
Sundry Reserves
|
60878
|
60967
|
61477
|
62209
|
|
Profit and Loss account
|
(91651)
|
(84763)
|
(33648)
|
(29479)
|
|
SHAREHOLDERS FUNDS
|
19218
|
26195
|
77820
|
82721
|
|
CAPITAL EMPLOYED
|
581653
|
616649
|
674410
|
543248
|
Financial Comparison
The following
figures are shown in units of 1000
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
31/12/2010
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
Directors Remuneration
|
757
|
504
|
265
|
342
|
|
Auditors Remuneration
|
153
|
115
|
150
|
187
|
|
Liquid Assets
|
1264
|
55637
|
30159
|
28204
|
|
Net Working Capital
|
28288
|
31624
|
52937
|
(65306)
|
|
Long Term Debt(>12 Months)
|
542580
|
542426
|
581029
|
440414
|
|
Other Deferred Liabs
|
19855
|
48028
|
15561
|
20113
|
|
Tangible Net Worth(T.N.W)
|
19074
|
26040
|
77655
|
82546
|
|
Equity
|
19218
|
26195
|
77820
|
82721
|
|
Number of Years Trading
|
14
|
13
|
12
|
11
|
|
Number of Employees
|
1154
|
1316
|
1447
|
1588
|
|
Profit per Employee
|
(20517.3)
|
6214.3
|
2408.4
|
13491.8
|
|
Sales per Employee
|
310491.3
|
270869.3
|
272641.3
|
254372.2
|
Key Credit Ratios
The following figures
are shown as Ratios or Percentages
|
Accounts Date
|
31/12/2010
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
|
Current Ratio
|
1.3
|
1.3
|
1.6
|
0.7
|
|
Long Term Debt/T.N.W
|
28.4
|
20.8
|
7.5
|
5.3
|
|
Pre Tax Profit Margin%
|
(6.6)
|
2.3
|
0.9
|
5.3
|
|
Gross Profit%
|
10.9
|
18
|
12.3
|
18.2
|
|
Debtors Days (D.S.O)
|
1
|
22
|
26
|
24
|
|
Creditors Days (D.P.O)
|
19
|
18
|
34
|
26
|
|
Quick Ratio
|
0.7
|
0.9
|
1
|
0.5
|
|
W.I.P/Inventory Days
|
63.9
|
53.5
|
55.7
|
63
|
|
Return on Investment%
|
3.1
|
7
|
6.2
|
8.9
|
|
Return on Assets%
|
(3.5)
|
1.1
|
0.5
|
2.8
|
|
T.N.W/Total Assets%
|
2.8
|
3.5
|
10.1
|
10.8
|
|
Return on Capital%
|
(4.1)
|
1.3
|
0.5
|
3.9
|
|
Rtn on Shareholders Funds%
|
(123.2)
|
31.2
|
4.5
|
25.9
|
|
Working Capital/Sales%
|
7.9
|
8.9
|
13.4
|
(16.2)
|
|
Borrowing Ratio%
|
3190.4
|
2441.4
|
805.9
|
751.5
|
|
Equity Gearing%
|
2.9
|
3.7
|
11.2
|
12.1
|
|
Stock Turnover
|
6.4
|
8.3
|
7.5
|
7.1
|
|
Days Purchases Outstanding
|
20.9
|
21.8
|
39.3
|
31.8
|
|
Sales/Fixed Assets
|
3.6
|
2.8
|
2.8
|
2.7
|
|
Debt Gearing
|
2844.6
|
2083
|
748.2
|
533.5
|
Key Industry Sector Trends
|
Year
|
2011
|
2010
|
2009
|
2008
|
|
Sample Size
|
55
|
639
|
792
|
787
|
|
Pre-Tax Profit Margin
|
12.5
|
5.7
|
2.7
|
2.9
|
|
Current Ratio
|
2.7
|
1.9
|
2
|
1.8
|
|
Borrowing Ratio
|
24.5
|
23.2
|
25.2
|
46.7
|
|
Return on Capital
|
24.6
|
16.9
|
8.2
|
8.8
|
|
Creditors Days
|
31
|
42
|
106
|
52
|
Above figures relate
to companies in 2003 Standard Industry Classification (Nace) sector :
Manufacture of other chemical products
Financial Summary
Auditors Qualification
The Auditors have expressed a clean opinion (i.e. unqualified
with no referrals) on the accounts for the period ended 31/12/2010.
Operating Loss
Totalled GBP 15,185,000. In the year prior a Profit of GBP
19,961,000 was achieved.
Pre Tax Profit
The subject made a loss of GBP 23,677,000 in the period
compared with a profit of GBP 8,178,000 in the previous period.
Working Capital
The subject's working capital decreased by 11 % in the
period but remains positive.
Net Worth
Net worth reduced by GBP 6,977,000 during the period and
now stands at GBP 19,218,000.
Fixed Assets
The subject's fixed assets reduced during the year by GBP
31,660,000 to GBP 553,365,000 and are now 81 % of total assets compared with
78 % in the previous year.
Long Term Liabilities
The company's long term liabilities reduced during the
period by 4 % and are now 2,927 % of net worth compared with 2,254 % in the
previous period.
Long Term Liabilities
Long term liabilities are now 83 % of total liabilities
compared with 80 % in the previous period.
Long Term Liabilities
Long term liabilities are 97 % of capital employed, an
increase of 1 % over the previous period.
|
