Company Identification Details
|
Subject Reported on
|
INEOS OXIDE LIMITED
|
|
Registration Number
|
03545207
|
|
VAT Number
|
GB712064083
|
|
Address
|
HAWKSLEASE HOUSE, CHAPEL LA, LYNDHURST, HAMPSHIRE, SO43 7FG.
|
|
Telephone
|
023 80287067
|
|
Facsimile
|
023 80287069
|
|
Email
|
info@ineos.com
|
|
Web Address
|
www.ineosoxide.com
|
Creditline Recommendations
|
Monthly Credit Guide
|
GBP 300,000
|
Payment Behaviour
|
( No Payment Analysis Data is Available )
|
|
|
Official Company Data
|
Legal Form
|
Private Limited
|
|
Registration Number
|
03545207
|
|
VAT Number
|
GB712064083
|
|
Subject Status
|
Trading
|
|
Date of Incorporation
|
06/04/1998
|
|
Registered Office
|
HAWKSLEASE, CHAPEL LANE, LYNDHURST, HAMPSHIRE, SO43 7FG.
|
|
History
|
20/02/2002 : The
Registered Office address changed from 1ST FLOOR, QUEENS GATE, 15-17 QUEENS
TERRACE,.
|
|
|
18/05/2001 : Change
of name from INEOS PLC.
|
|
|
25/01/2000 : The
Registered Office address changed from 30 BELL STREET, ROMSEY, HAMPSHIRE,
SO51 8GW.
|
|
|
2/02/1999 : The
Registered Office address changed from CHARLESTON ROAD HARDLEY, HYTHE, SOUTHAMPTON,.
|
|
|
8/10/1998 : The
Registered Office address changed from 10 NORWICH STREET, LONDON, EC4A 1BD,
EC4A 1BD.
|
|
Date of Last
Annual Return to Registry
|
19/03/2011
|
|
Accounts
|
The last filed
accounts at Companies House are those to 31/12/2009
|
|
Accounting
Reference Date
|
31/12
|
Operations
|
Activities
|
The sale of a range of chemicals used in various chemical
applications. Accounts data expressed in Euro.
|
|
Nace Code
|
5155
|
|
Premises
|
Leased,Offices
|
|
Staff Employed
|
8
|
|
Import Countries
|
No Import Activity
|
|
Export Countries
|
No Export Activity
|
|
Bankers
|
BARCLAYS BANK PLC
|
|
Address
|
P O BOX 612, OCEAN VILLAGE, SOUTHAMPTON, HANTS, SO14 2SB.
|
|
Sort Code
|
207925
|
|
Auditors
|
PricewaterhouseCoopers LLP
|
|
Subsidiaries
|
INEOS ETHYLENE OXIDE
UK LIMITED
|
|
|
INEOS OVERSEAS
COMPANY I LIMITED
|
|
|
INEOS OVERSEAS
COMPANY II LIMITED
|
|
|
INEOS U.K. FINANCE
COMPANY LIMITED
|
|
|
INEOS U.S. FINANCE COMPANY
LIMITED
|
Historical Rating
|
Date
|
Monthly Credit Guide
|
|
11/06/2011
|
300,000
|
|
11/03/2011
|
300,000
|
|
11/12/2010
|
300,000
|
|
11/09/2010
|
300,000
|
|
11/06/2010
|
300,000
|
Previous Searches
|
Last 3 Months
|
Last 6 Months
|
Last 12 Months
|
|
1
|
1
|
1
|
|
Search History Details
|
|
|
|
The Search History Details shows details of the most recent 40
searches
|
|
Date
|
Description
|
|
21/04/2011
|
Manufacture of other organic basic chemicals
|
|
26/03/2010
|
Miscellaneous
|
Public Record Information
|
Summary of CCJ's/Scottish Decrees
|
|
No CCJs/Scottish
Decrees are recorded in our file.
|
Summary of Mortgages, Charges and
Satisfactions
|
Total Number of Mortgages/Charges Registered
|
30
|
|
Number Outstanding
|
5
|
|
Number Partially Satisfied
|
14
|
|
Number Satisfied
|
11
|
|
|
|
|
Date of Latest Mortgage Created
|
31/01/2011
|
|
Date of Latest Partial Satisfaction
|
29/12/2010
|
|
Date of Latest Satisfaction
|
27/02/2006
|
Details of most recent Mortgages, Charges
and Satisfactions
|
Date Fully
Satisfied
|
Date
Registered
|
Date
Created
|
Charge
Description
|
Form Type
|
Lender
|
|
|
04/02/2011
|
31/01/2011
|
German Law Security Transfer Agreement
|
MG01
|
Barclays Bank Plc (The "Security Agent")
|
|
|
31/12/2010
|
23/12/2010
|
First Supplemental Agreement Governed By Belgian Law
|
MG01
|
Barclays Bank Plc (As Security Agent)
|
|
|
02/06/2010
|
27/05/2010
|
German Law Account Pledge Agreement
|
MG01
|
Barclays Bank (As Pledgee) (And The Other Pledgees Described
|
|
|
02/06/2010
|
27/05/2010
|
Debenture
|
MG01
|
Barclays Bank Plc (As Security Agent)
|
|
|
01/06/2010
|
27/05/2010
|
Share Pledge Agreement
|
MG01
|
Barclays Bank Plc (As Pledgee)
|
|
|
01/06/2010
|
27/05/2010
|
Share Pledge Agreement
|
MG01
|
Barclays Bank Plc (As Pledgee)
|
|
|
01/06/2010
|
27/05/2010
|
Share Pledge Agreement
|
MG01
|
Barclays Bank Plc (As Pledgee)
|
|
|
01/06/2010
|
27/05/2010
|
The Account Pledge Agreement
|
MG01
|
Barclays Bank Plc (As Pledgee)
|
|
|
29/07/2009
|
17/07/2009
|
Fourth Supplemental Agreement
|
395
|
Barclays Bank Plc (The Security Agent)
|
|
|
17/07/2009
|
08/07/2009
|
Pledge Agreement Relating To The Shares Of Ineos C2T Nv
|
395
|
Barclays Bank Plc
|
|
It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House.
|
Other Filings and Notices
|
31/03/2011
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
23/09/2010
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
26/02/2010
|
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
|
|
06/10/2009
|
Companies House Gazette
|
Notification of any change among the company's directors
|
|
23/01/2009
|
Companies House Gazette
|
Change among directors of a company
|
|
08/12/2008
|
Companies House Gazette
|
Change among directors of a company
|
|
30/03/2007
|
Companies House Gazette
|
Change among directors of a company
|
|
22/12/2006
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
22/12/2006
|
Companies House Gazette
|
"Resolutions which give vary
|
|
27/11/2006
|
Companies House Gazette
|
Change among directors of a company
|
|
06/03/2006
|
Companies House Gazette
|
Change among directors of a company
|
|
03/02/2006
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
11/08/2004
|
Companies House Gazette
|
Change among directors of a company
|
|
22/08/2003
|
Companies House Gazette
|
Change among directors of a company
|
|
03/04/2002
|
Companies House Gazette
|
Change among directors of a company
|
|
04/06/2001
|
Companies House Gazette
|
Change among directors of a company
|
|
31/05/2001
|
Companies House Gazette
|
Change among directors of a company
|
|
18/05/2001
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
29/07/1999
|
Companies House Gazette
|
Change among directors of a company
|
|
06/05/1998
|
Companies House Gazette
|
"Resolutions which give vary
|
Company Secretary
|
Secretary
|
MR MARTIN HOWARD STOKES
|
|
Service Address
|
HAWKSLEASE, CHAPEL LANE, LYNDHURST, HAMPSHIRE, SO43 7FG.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
16/01/1949
|
|
Appointment Date
|
19/01/2009
|
|
Other Directorships
|
INEOS SILICAS LIMITED, INEOS TRUSTEES LIMITED, INEOS
CAPITAL LIMITED, INEOS FLUOR LIMITED
|
Directors
|
Director
|
DAVID NICHOLAS BROOKS
|
|
Service Address
|
HAWKSLEASE, CHAPEL LANE, LYNDHURST, HAMPSHIRE, SO43 7FG.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
24/01/1966
|
|
Appointment Date
|
28/11/2008
|
|
Director
|
MR PETER KAREL VIRGINIA HUYCK
|
|
Service Address
|
HAWKSLEASE, CHAPEL LANE, LYNDHURST, HAMPSHIRE, SO43 7FG.
|
|
Country of Origin
|
BELGIUM
|
|
Date of Birth
|
14/01/1968
|
|
Appointment Date
|
03/08/2004
|
|
Other Directorships
|
INEOS OVERSEAS COMPANY II LIMITED, INEOS OVERSEAS COMPANY I
LIMITED, INEOS U.K. FINANCE COMPANY LIMITED, INEOS U.S. FINANCE
COMPANY LIMITED
|
|
Chief Executive
|
HANS CASIER
|
|
Service Address
|
HAWKSLEASE, CHAPEL LANE, LYNDHURST, HAMPSHIRE, SO43 7FG.
|
|
Country of Origin
|
BELGIUM
|
|
Date of Birth
|
16/01/1964
|
|
Appointment Date
|
03/03/2006
|
|
Director
|
JONATHAN FRANK GINNS
|
|
Service Address
|
HAWKSLEASE, CHAPEL LANE, LYNDHURST, HAMPSHIRE, SO43 7FG.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
03/11/1973
|
|
Appointment Date
|
30/03/2011
|
|
Other Directorships
|
INEOS
MANUFACTURING SCOTLAND LIMITED, INEOS SILICAS LIMITED, CROSFIELD
CATALYSTS LIMITED, JOSEPH CROSFIELD AND SONS LIMITED, CROSFIELD
INTERNATIONAL LIMITED, INEOS INVESTMENTS INTERNATIONAL
LIMITED, INEOS SILICAS HOLDINGS LIMITED, INEOS SILICAS PARTNERS
LIMITED, INEOS SILICAS DELAWARE LIMITED, INEOS HOLDINGS
LIMITED, INEOS EUROPE LIMITED, INEOS EUROPEAN HOLDINGS
LIMITED, INEOS INFRASTRUCTURE (GRANGEMOUTH) LIMITED, INEOS
CHEMICALS GRANGEMOUTH LIMITED, INEOS COMMERCIAL SERVICES UK LIMITED
|
Share Capital
|
Shares
|
Ordinary GBP 1.00
|
|
Issued Number
|
1,003,197,892
|
|
Principal Shareholder
|
1,003,197,892 INEOS Holdings Ltd
|
|
The above reflects the principle shareholder(s) by number of shares
held, irrespective of share classification type.
|
|
Holding Company
|
INEOS HOLDINGS LIMITED
|
|
Ultimate Parent
|
INEOS LIMITED
|
General Information
15/06/2009
Results for the principal subsidiary -Ineos Group Holdings
PLC- for year to 31.12.2009 show Loss before tax of GBP 601.20m increasing
net worth deficit to GBP 570.1m
15/06/2009
Credit rating under review.
15/06/2009
Credit rating under review.
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
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
31/12/2006
|
|
Currency
|
EUR
|
EUR
|
EUR
|
EUR
|
|
SALES
|
1218900
|
1846400
|
1563200
|
1193100
|
|
Cost of goods sold
|
1094800
|
1669000
|
1392700
|
1094800
|
|
GROSS PROFIT
|
124100
|
177400
|
170500
|
98300
|
|
Wages and Salaries
|
700
|
1500
|
1000
|
3000
|
|
Directors Emoluments
|
500
|
500
|
500
|
2000
|
|
Auditors Fees
|
100
|
100
|
100
|
100
|
|
Trading Profit
|
44000
|
102200
|
121600
|
58200
|
|
Depreciation
|
800
|
700
|
800
|
600
|
|
OPERATING PROFIT
|
43200
|
101500
|
120800
|
57600
|
|
Non Trading Income
|
140000
|
92900
|
113300
|
29100
|
|
Interest Payable
|
11800
|
15200
|
17700
|
6200
|
|
PRE TAX PROFIT
|
171400
|
179200
|
216400
|
80500
|
|
Taxation
|
39100
|
(1000)
|
32200
|
24800
|
|
PROFIT AFTER TAX
|
132300
|
180200
|
184200
|
55700
|
|
RETAINED PROFITS
|
132300
|
180200
|
184200
|
55700
|
Balance Sheet
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
31/12/2006
|
|
Currency
|
EUR
|
EUR
|
EUR
|
EUR
|
|
TOTAL FIXED ASSETS
|
1888900
|
1889700
|
1882400
|
1883700
|
|
Tangible Assets
|
1888900
|
1889700
|
1882400
|
1883700
|
|
Fixed Assets
|
900
|
1700
|
2400
|
3100
|
|
Intermediate assets
|
1550500
|
1550500
|
1542600
|
1542600
|
|
Due From Group
|
337500
|
337500
|
337400
|
338000
|
|
TOTAL CURRENT ASSETS
|
679400
|
521500
|
508200
|
488000
|
|
Trade debtors
|
8700
|
11100
|
5700
|
17200
|
|
Stocks
|
25800
|
57500
|
41500
|
40400
|
|
Other Current Assets
|
644900
|
452900
|
461000
|
430400
|
|
Misc Current Assets
|
27800
|
42800
|
40700
|
42200
|
|
Due From Group
|
603100
|
392000
|
388900
|
362800
|
|
Cash
|
14000
|
18100
|
31400
|
25400
|
|
TOTAL ASSETS
|
2568300
|
2411200
|
2390600
|
2371700
|
|
TOTAL CURRENT LIABILITIES
|
324900
|
297800
|
463400
|
442000
|
|
Trade creditors
|
27500
|
25200
|
28600
|
5300
|
|
Short Term Loans
|
233300
|
216300
|
337400
|
273600
|
|
Due To Group
|
233300
|
216300
|
337400
|
273600
|
|
Other Liabilities
|
64100
|
56300
|
97400
|
163100
|
|
WORKING CAPITAL
|
354500
|
223700
|
44800
|
46000
|
|
TOTAL LONG TERM LIABS
|
320800
|
323100
|
317100
|
338800
|
|
Long Term Loans
|
320800
|
323100
|
317100
|
338800
|
|
Due To Group
|
320800
|
323100
|
317100
|
338800
|
|
NET ASSETS/(LIABILITIES)
|
1922600
|
1790300
|
1610100
|
1590900
|
|
SHARE CAPITAL + RESERVES
|
1922600
|
1790300
|
1610100
|
1590900
|
|
Share Cap + Sundry Res
|
1499300
|
1499300
|
1499300
|
1499300
|
|
Issued Share Capital
|
1499300
|
1499300
|
1499300
|
1499300
|
|
Profit and Loss account
|
423300
|
291000
|
110800
|
91600
|
|
SHAREHOLDERS FUNDS
|
1922600
|
1790300
|
1610100
|
1590900
|
|
CAPITAL EMPLOYED
|
2243400
|
2113400
|
1927200
|
1929700
|
Financial Comparison
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
31/12/2006
|
|
Currency
|
EUR
|
EUR
|
EUR
|
EUR
|
|
Directors Remuneration
|
500
|
500
|
500
|
2000
|
|
Auditors Remuneration
|
100
|
100
|
100
|
100
|
|
Liquid Assets
|
22700
|
29200
|
37100
|
42600
|
|
Net Working Capital
|
354500
|
223700
|
44800
|
46000
|
|
Long Term Debt(>12 Months)
|
320800
|
323100
|
317100
|
338800
|
|
Tangible Net Worth(T.N.W)
|
1922600
|
1790300
|
1610100
|
1590900
|
|
Equity
|
1922600
|
1790300
|
1610100
|
1590900
|
|
Number of Years Trading
|
11
|
10
|
9
|
8
|
|
Number of Employees
|
8
|
8
|
5
|
7
|
|
Profit per Employee
|
21425000
|
22400000
|
43280000
|
11500000
|
|
Sales per Employee
|
152362500
|
230800000
|
312640000
|
170442857.1
|
Key Credit Ratios
|
The following figures are shown as Ratios or Percentages
|
|
Accounts Date
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
31/12/2006
|
|
Current Ratio
|
2.1
|
1.8
|
1.1
|
1.1
|
|
Long Term Debt/T.N.W
|
0.2
|
0.2
|
0.2
|
0.2
|
|
Pre Tax Profit Margin%
|
14.1
|
9.7
|
13.8
|
6.7
|
|
Gross Profit%
|
10.2
|
9.6
|
10.9
|
8.2
|
|
Debtors Days (D.S.O)
|
3
|
2
|
1
|
5
|
|
Creditors Days (D.P.O)
|
8
|
5
|
7
|
2
|
|
Quick Ratio
|
2
|
1.6
|
1
|
1
|
|
W.I.P/Inventory Days
|
8.6
|
12.6
|
10.9
|
13.5
|
|
Return on Investment%
|
7.4
|
8.3
|
10.3
|
3.9
|
|
Return on Assets%
|
6.7
|
7.4
|
9.1
|
3.4
|
|
T.N.W/Total Assets%
|
74.9
|
74.2
|
67.4
|
67.1
|
|
Return on Capital%
|
7.6
|
8.5
|
11.2
|
4.2
|
|
Rtn on Shareholders Funds%
|
8.9
|
10
|
13.4
|
5.1
|
|
Working Capital/Sales%
|
29.1
|
12.1
|
2.9
|
3.9
|
|
Borrowing Ratio%
|
28.8
|
30.1
|
40.6
|
38.5
|
|
Equity Gearing%
|
297.8
|
288.3
|
206.3
|
203.8
|
|
Stock Turnover
|
47.2
|
32.1
|
37.7
|
29.5
|
|
Days Purchases Outstanding
|
9.2
|
5.5
|
7.5
|
1.8
|
|
Sales/Fixed Assets
|
1354.3
|
1086.1
|
651.3
|
384.9
|
|
Debt Gearing
|
16.7
|
18
|
19.7
|
21.3
|
Key Industry Sector Trends
|
Year
|
2011
|
2010
|
2009
|
2008
|
|
Sample Size
|
62
|
4116
|
6392
|
6513
|
|
Pre-Tax Profit Margin
|
8.7
|
3.7
|
2.5
|
3.6
|
|
Current Ratio
|
1.6
|
1.6
|
1.7
|
1.5
|
|
Borrowing Ratio
|
59.8
|
92
|
94.6
|
104.4
|
|
Return on Capital
|
32.9
|
21.9
|
19.9
|
25.7
|
|
Creditors Days
|
27
|
54
|
51
|
54
|
|
Above figures relate to companies in 2003 Standard Industry
Classification (Nace) sector : Wholesale of non-agricultural intermediate
products, waste and scrap
|
Financial Summary
Auditors Qualification
The Auditors have expressed a clean opinion (i.e.
unqualified with no referrals) on the accounts for the period ended
31/12/2009.
Turnover
Turnover decreased by 34 % and reduced by 627,500,000 to
EUR 1,218,900,000.
Operating Profit
Totalled EUR 43,200,000. In the year prior a Profit of EUR
101,500,000 was achieved.
Pre Tax Profit
The subject's profit decreased by 4 % over the previous
year.
Working Capital
The company's working capital has increased by 58 % in the
period.
Net Worth
Net worth has increased by 7 % and now stands at EUR
1,922,600,000.
Fixed Assets
The subject's fixed assets reduced during the year by EUR
800,000 to EUR 1,888,900,000 and are now 73 % of total assets compared with
78 % in the previous year.
Long Term Liabilities
Long term liabilities are now 12 % of total liabilities
compared with 13 % in the previous period.
Long Term Liabilities
Long term liabilities are 14 % of capital employed, a
decrease of 1 % over the previous period.
|
