Registered number: 00580109
For the Year Ended 31 December 2025
Safic-Alcan UK Limited
Company Information
Safic-Alcan UK Limited
Contents
Safic-Alcan UK Limited
Strategic Report
For the Year Ended 31 December 2025
The directors present their Strategic report for the year ended 31 December 2025.
The Company’s principal activity continues to be the distribution of speciality chemicals across the Performance Products and Life Science markets.
During the financial year, the Company delivered a strong performance, reporting an increase in operating profit to £11.28 million (2024: £10.82 million).
There were notable changes in leadership during the reporting period. Following 34 years of distinguished service, Barry McDonnell retired at the end of 2025. Effective January 2026, Dawn Goff will assume the position of Managing Director, ensuring continuity of operations and sustained focus on the Company’s strategic objectives. Dawn Goff brings 29 years of experience within the chemical industry, encompassing technical, commercial, and managerial roles. Over the past decade, she has served with Safic-Alcan UK leading the Life Science division. Her extensive industry knowledge and proven leadership will support the ongoing development of the business.
In 2025, the Company successfully retained its EcoVadis Platinum rating, a significant achievement that recognises its continued commitment to sustainability. This rating places Safic Alcan UK within the top 1% of companies assessed globally in the past 12 months, highlighting the Company’s strong environmental, social, and governance (ESG) practices.
During the financial year, the Company delivered a strong performance, reporting an increase in operating profit to £11.28 million (2024: £10.82 million).
There were notable changes in leadership during the reporting period. Following 34 years of distinguished service, Barry McDonnell retired at the end of 2025. Effective January 2026, Dawn Goff will assume the position of Managing Director, ensuring continuity of operations and sustained focus on the Company’s strategic objectives. Dawn Goff brings 29 years of experience within the chemical industry, encompassing technical, commercial, and managerial roles. Over the past decade, she has served with Safic-Alcan UK leading the Life Science division. Her extensive industry knowledge and proven leadership will support the ongoing development of the business.
In 2025, the Company successfully retained its EcoVadis Platinum rating, a significant achievement that recognises its continued commitment to sustainability. This rating places Safic Alcan UK within the top 1% of companies assessed globally in the past 12 months, highlighting the Company’s strong environmental, social, and governance (ESG) practices.
The directors and senior management team have considered the principal risks and uncertainties facing the business, including both external and internal factors and their potential impact on performance, strategy and long-term viability. The key risks identified for the year are:
Safety, Health and Environmental (SHE) Compliance
Due to the hazardous nature of some of the chemicals distributed, there is an inherent risk of incidents affecting people, the environment and property. Any failure to comply with applicable safety, health and environmental legislation could lead to serious consequences, including prosecution, fines or reputational damage.
The company maintains robust SHE procedures and ensures full compliance with REACH, COSHH and CLP regulations.
Regulatory Changes
The chemical industry is subject to intensive and evolving regulatory frameworks. Brexit and divergence from EU legislation, as well as changes in UK REACH, can increase compliance complexity and operational cost.
The company employs dedicated compliance personnel, engages with regulatory bodies and subscribes to industry alerts to stay informed about upcoming regulatory changes.
Supply Chain Disruption
Disruption in global supply chains, whether due to geopolitical events, port delays or supplier issues, could impact product availability and customer satisfaction.
The company maintains a diversified supplier base, holds strategic stock levels and has strong relationships with multiple transport partners to help mitigate this risk.
Safety, Health and Environmental (SHE) Compliance
Due to the hazardous nature of some of the chemicals distributed, there is an inherent risk of incidents affecting people, the environment and property. Any failure to comply with applicable safety, health and environmental legislation could lead to serious consequences, including prosecution, fines or reputational damage.
The company maintains robust SHE procedures and ensures full compliance with REACH, COSHH and CLP regulations.
Regulatory Changes
The chemical industry is subject to intensive and evolving regulatory frameworks. Brexit and divergence from EU legislation, as well as changes in UK REACH, can increase compliance complexity and operational cost.
The company employs dedicated compliance personnel, engages with regulatory bodies and subscribes to industry alerts to stay informed about upcoming regulatory changes.
Supply Chain Disruption
Disruption in global supply chains, whether due to geopolitical events, port delays or supplier issues, could impact product availability and customer satisfaction.
The company maintains a diversified supplier base, holds strategic stock levels and has strong relationships with multiple transport partners to help mitigate this risk.
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Safic-Alcan UK Limited
Strategic Report (continued)
For the Year Ended 31 December 2025
Customer Credit Risk
The company is exposed to risk of non-payment or delayed payment by customers, particularly in tough economic situations.
Strong credit control procedures are in place and credit insurance is used for the majority of sales invoices raised.
Currency Risk
The company is exposed to currency risk through its international trade activities. Currency fluctuations, especially in the Euro, USD and other major currencies may lead to volatility in revenue, costs and profitability.
Company policy permits but does not demand that these exposures may be hedged to fix the cost in sterling. This hedging activity involves the use of foreign exchange forward contracts.
Natural hedging is also used where possible. Revenues in foreign currencies are matched with costs in the same currency, reducing the net exposure to exchange rate movements.
The company is exposed to risk of non-payment or delayed payment by customers, particularly in tough economic situations.
Strong credit control procedures are in place and credit insurance is used for the majority of sales invoices raised.
Currency Risk
The company is exposed to currency risk through its international trade activities. Currency fluctuations, especially in the Euro, USD and other major currencies may lead to volatility in revenue, costs and profitability.
Company policy permits but does not demand that these exposures may be hedged to fix the cost in sterling. This hedging activity involves the use of foreign exchange forward contracts.
Natural hedging is also used where possible. Revenues in foreign currencies are matched with costs in the same currency, reducing the net exposure to exchange rate movements.
The management team uses a variety of financial and non-financial key performance indicators to assist with the management of the business. The most significant are:
∙Operating profit increased to £11.279m for the year (2024 - £10.819m).
∙Net assets: £28.607m at the year end, down from £30.139m in 2024 due to the payment of a £10m dividend.
∙Indicators such as average stock days, average debtor days and average creditor days are monitored
monthly.
monthly.
This statement is intended by the Board of Directors to set out how they have approached and met their responsibilities under s172(1)(a) to (f) of the Companies Act 2006 in the financial period ending 31 December 2025.
Stakeholders of the company include employees, shareholders, customers, suppliers, creditors of the business and the community in which it operates.
The directors’, both individually and collectively, consider that they have acted in good faith to promote the success of the company for the benefit of its stakeholders as a whole (having regard to the matters set out in s172 of the Act) in the decisions taken during the period. In particular:
Stakeholders of the company include employees, shareholders, customers, suppliers, creditors of the business and the community in which it operates.
The directors’, both individually and collectively, consider that they have acted in good faith to promote the success of the company for the benefit of its stakeholders as a whole (having regard to the matters set out in s172 of the Act) in the decisions taken during the period. In particular:
∙To ensure the directors and senior management team take account of the likely consequences of their decisions in the long term, they review monthly information on all the key areas of the business including financial performance, key operational matters, and health, safety and environmental matters. The company’s performance and progress are also reviewed regularly at senior management meetings.
∙All employees are critical for the continued success of the business. The directors and senior management team will consult all employees before making strategic decisions that will potentially affect them. The employee forum allows representatives of all areas of the company to have regular access to members of the senior management team. This forum works together to improve the business and the general working environment.
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Safic-Alcan UK Limited
Strategic Report (continued)
For the Year Ended 31 December 2025
∙The company’s customers and suppliers are also fundamental to the success of the business. As a leading supplier of additives and chemicals to a variety of industries including, Rubber, Plastics, Adhesives, Polyurethane, Coatings, Inks, Construction, Cosmetics, Pharmaceuticals and Nutraceuticals, it is essential the company maintains its reputation for high quality products and a high standard of business conduct. The company strives to continually improve and strengthen its supply chain, products, and customer service for the mutual benefit of all its stakeholders.
∙The directors take environmental matters into consideration as part of their decision-making process and aim to be a responsible member of the local and wider community, minimising the company’s impact on the environment wherever possible. The company is registered to ISO14001 - the international standard that specifies requirements for an effective environmental system (EMS).
∙The company maintained its EcoVadis Platinum certification during 2025. This covers a broad range of non-financial management systems including Environmental, Labour & Human Rights, Ethics and Sustainable Procurement impacts. Each company is rated on the material issues as they pertain to the company’s size, location, and industry.
∙The directors' intentions are to behave responsibly toward all stakeholders and treat them fairly and equally, so that they all benefit from the long-term success of the company.
The directors' have overall responsibility for determining the company's purpose, values, and strategy and for
ensuring high standards of governance. The primary aim of the directors' is to promote the long-term
sustainable success of the company, generating value for stakeholders and contributing to the wider society.
Throughout 2026, the Board will continue to review and challenge how the company can improve engagement
with its employees and other stakeholders.
This report was approved by the board and signed on its behalf.
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Safic-Alcan UK Limited
Directors' Report
For the Year Ended 31 December 2025
The directors present their report and the financial statements for the year ended 31 December 2025.
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation, amounted to £8,467,734 (2024 - £8,690,065).
The dividends for the year amounted to £10,000,000 (2024 - £7,500,000).
The directors who served during the year were:
Safic-Alcan will continue to review and identify acquisition opportunities as well as increasing the product portfolio by acquiring new Principals where appropriate.
The directors will also continue to investigate all opportunities that may arise that will facilitate further growth and improved profitability for the business.
The directors will also continue to investigate all opportunities that may arise that will facilitate further growth and improved profitability for the business.
Details on how the Company has engaged with suppliers, customers and others are given in the Directors' statement of compliance with duty to promote the success of the Company within the Strategic Report.
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Safic-Alcan UK Limited
Directors' Report (continued)
For the Year Ended 31 December 2025
In line with the Streamlined Energy and Carbon Reporting (SECR) regulations, this report includes both location-based and market-based emissions to give a comprehensive and transparent view of energy usage and the carbon footprint of the company.
The quantity of emissions in tonnes of carbon dioxide equivalent (tCO2e) for this financial year is summarised below along with comparative figures for the previous period.
Energy Usage and Emissions
The quantity of emissions in tonnes of carbon dioxide equivalent (tCO2e) for this financial year is summarised below along with comparative figures for the previous period.
Energy Usage and Emissions
The emissions presented above have been calculated using the 2025 UK Government GHG Conversion Factors for Company Reporting.
Emissions arise from:
Emissions arise from:
∙the combustion of fuel and gas in Company-controlled operations
∙the consumption of fuel for Company transport activities; and
∙the purchase of electricity for operational use, including transportation
Energy Consumption
The total UK energy consumption for the year was 495,191 kWh (2024: 538,801 kWh). This includes:
The total UK energy consumption for the year was 495,191 kWh (2024: 538,801 kWh). This includes:
∙Electricity purchased from the national grid
∙Electricity supplied under REGO-backed renewable energy contracts
∙Natural gas consumption
∙Transport fuel usage
Location-based (UK Grid Average) – emissions are calculated using the UK grid’s average emissions factor for electricity consumption. It represents the carbon footprint of the electricity consumed from the UK national grid, regardless of any specific energy sources used.
Market-Based (Renewable Energy Contracts) – emissions are calculated based on the specific energy contracts the company has entered into.
Market-Based (Renewable Energy Contracts) – emissions are calculated based on the specific energy contracts the company has entered into.
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Safic-Alcan UK Limited
Directors' Report (continued)
For the Year Ended 31 December 2025
Under the market-based method, emissions associated with REGO-certified renewable electricity are treated as zero.
Renewable Electricity Consumption: 336,533 kWh (2024: 78,273 kWh)
Non-Renewable Electricity Consumption: 10,326 kWh (2024: 267,350 kWh)
Intensity measurement
The Company’s selected intensity ratio is total emissions in metric tonnes (tCO2e) per £m of turnover.
Renewable Electricity Consumption: 336,533 kWh (2024: 78,273 kWh)
Non-Renewable Electricity Consumption: 10,326 kWh (2024: 267,350 kWh)
Intensity measurement
The Company’s selected intensity ratio is total emissions in metric tonnes (tCO2e) per £m of turnover.
∙Location-Based Carbon Intensity: 1.26 tCO2e/£m (2024: 1.57 tCO2e/£m)
∙Market-Based Carbon Intensity:0.45 tCO2e/£m (2024: 1.34 tCO2e/£m)
The significant reduction in the market-based ratio reflects the full-year impact of the transition to renewable energy implemented in October 2024.
Measures to improve energy efficiency
During the financial year, the Company undertook several initiatives to improve energy efficiency and reduce associated greenhouse gas emissions, as required under the SECR framework.
∙Machinery Efficiency Review:
An efficiency review of key machinery at the production facility was conducted as part of the Company’s scheduled maintenance programme. Equipment is routinely assessed to ensure it is operating at optimal efficiency, with improvement or renewal actions documented and resulting impacts monitored
An efficiency review of key machinery at the production facility was conducted as part of the Company’s scheduled maintenance programme. Equipment is routinely assessed to ensure it is operating at optimal efficiency, with improvement or renewal actions documented and resulting impacts monitored
∙Transition to Hybrid Vehicles:
Following the implementation of a revised company car lease policy permitting only hybrid vehicles, the proportion of non-hybrid vehicles in the fleet has further decreased, supporting reductions in transport-related emissions.
Following the implementation of a revised company car lease policy permitting only hybrid vehicles, the proportion of non-hybrid vehicles in the fleet has further decreased, supporting reductions in transport-related emissions.
∙Installation of Additional Electric Vehicle Charging Points:
Additional charging points were installed at both Company locations, enabling greater use of hybrid and electric vehicles and supporting the transition to lower-emission transportation
Additional charging points were installed at both Company locations, enabling greater use of hybrid and electric vehicles and supporting the transition to lower-emission transportation
∙Environmental Management System Certification:
The Company’s Environmental Management System remained certified to the ISO 14001:2015 standard during the year, providing a structured framework for ongoing environmental performance monitoring and continuous improvement.
The Company’s Environmental Management System remained certified to the ISO 14001:2015 standard during the year, providing a structured framework for ongoing environmental performance monitoring and continuous improvement.
Information relating to events since the end of the year is given in the Strategic Report and in Note 25.
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Safic-Alcan UK Limited
Directors' Report (continued)
For the Year Ended 31 December 2025
The audit registration of Kreston Reeves LLP was transferred to Kreston Reeves Audit LLP on 6 October 2025. Kreston Reeves Audit LLP were formally appointed as auditor to the company on 6 October 2025.
The auditors, Kreston Reeves Audit LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
The auditors, Kreston Reeves Audit LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
Page 7
Safic-Alcan UK Limited
Independent Auditors' Report to the Members of Safic-Alcan UK Limited
We have audited the financial statements of Safic-Alcan UK Limited (the 'Company') for the year ended 31 December 2025, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
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Safic-Alcan UK Limited
Independent Auditors' Report to the Members of Safic-Alcan UK Limited (continued)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
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Safic-Alcan UK Limited
Independent Auditors' Report to the Members of Safic-Alcan UK Limited (continued)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Capability of the audit in detecting irregularities, including fraud
The objectives of our audit are to identify and assess the risks of material misstatement of the financial statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error; and to respond appropriately to those risks.
Based on our understanding of the company and industry, and through discussion with the directors and other management (as required by auditing standards), we identified that the principal risks of non-compliance with laws and regulations related to health and safety, employment law and REACH regulations. We considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and taxation legislation. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting inappropriate journal entries to increase revenue or reduce expenditure and management bias in accounting estimates and judgemental areas of the financial statements, such as the valuation of investments and goodwill. Audit procedures performed by the engagement team included:
∙Discussions with management and assessment of known or suspected instances of non-compliance with laws and regulations (including health and safety, employment law and UK REACH) and fraud, and review of the reports made by management; and
∙Assessment of identified fraud risk factors; and
∙Challenging assumptions and judgements made by management in its significant accounting estimates; and
∙Checking and reperforming the reconciliation of key control accounts; and
∙Performing a debtors circularisation and agreeing the year-end trade debtors to cash received; and
∙Review of internal controls and physical inspection of stock; and
∙Confirmation of the quantities of stock held by third parties; and
∙Confirmation of related parties with management, and review of transactions throughout the period to identify any previously undisclosed transactions with related parties outside the normal course of business; and
∙Performing analytical procedures with automated data analytics tools to identify any unusual or unexpected relationships, including related party transactions, that may indicate risks of material misstatement due to fraud; and
∙Reading minutes of meetings of those charged with governance, reviewing internal audit reports and reviewing correspondence with relevant tax and regulatory authorities; and
∙Review of significant and unusual transactions and evaluation of the underlying financial rationale supporting the transactions; and
∙Identifying and testing journal entries, in particular any manual entries made at the year-end for financial statement preparation.
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Safic-Alcan UK Limited
Independent Auditors' Report to the Members of Safic-Alcan UK Limited (continued)
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Statutory Auditor
Horsham
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Safic-Alcan UK Limited
Statement of Comprehensive Income
For the Year Ended 31 December 2025
Page 12
Safic-Alcan UK Limited
Registered number: 00580109
Balance Sheet
As at 31 December 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 15 to 26 form part of these financial statements.
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Safic-Alcan UK Limited
Statement of Changes in Equity
For the Year Ended 31 December 2025
Page 14
Safic-Alcan UK Limited
Notes to the Financial Statements
For the Year Ended 31 December 2025
Safic-Alcan UK Limited is a private limited company limited by shares and incorporated in England with the registration number 00580109.
As part of the Safic-Alcan Group, the principal activity of the company is a specialist chemical distributor for industries such as rubber, plastics, adhesives and coatings as well as being a key supplier in the personal care and pharmaceutical sectors.
The address of the registered office and principal place of business is:
812 Fountain Court
Birchwood Boulevard
Birchwood
Warrington
WA3 7QZ
As part of the Safic-Alcan Group, the principal activity of the company is a specialist chemical distributor for industries such as rubber, plastics, adhesives and coatings as well as being a key supplier in the personal care and pharmaceutical sectors.
The address of the registered office and principal place of business is:
812 Fountain Court
Birchwood Boulevard
Birchwood
Warrington
WA3 7QZ
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The financial statements are presented in GBP and rounded to the nearest £1.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of Myrtil SAS as at 31 December 2025 and these financial statements may be obtained from 13, Cours Valmy, Tour Pacific - 92977, La
Defense Cedex, Paris, France.
Defense Cedex, Paris, France.
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Safic-Alcan UK Limited
Notes to the Financial Statements
For the Year Ended 31 December 2025
2.Accounting policies (continued)
Page 16
Safic-Alcan UK Limited
Notes to the Financial Statements
For the Year Ended 31 December 2025
2.Accounting policies (continued)
Goodwill
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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Safic-Alcan UK Limited
Notes to the Financial Statements
For the Year Ended 31 December 2025
2.Accounting policies (continued)
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the financial instrument.
Cash and cash equivalents
These comprise cash at bank and other short-term highly liquid bank deposits with an original maturity of three months or less.
Debtors
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Statement of Comprehensive Income when there is objective evidence that the asset is impaired.
Creditors
Short term creditors are measured at the transaction price.
Derivatives
Forward foreign exchange contracts are initially recognised at fair value on the date a contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value are recognised in cost of sales. The Company does not currently apply hedge accounting for foreign exchange derivatives.
Cash and cash equivalents
These comprise cash at bank and other short-term highly liquid bank deposits with an original maturity of three months or less.
Debtors
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Statement of Comprehensive Income when there is objective evidence that the asset is impaired.
Creditors
Short term creditors are measured at the transaction price.
Derivatives
Forward foreign exchange contracts are initially recognised at fair value on the date a contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value are recognised in cost of sales. The Company does not currently apply hedge accounting for foreign exchange derivatives.
The following judgements have had the most significant impact on amounts recognised in the financial statements:
Goodwill
The company has recognised goodwill arising from business combinations with a carrying value of £6,746,736 at the reporting date (see note 13). On acquisition, the company determines a reliable estimate of the useful life of goodwill and intangible assets based upon factors such as the expected use of the acquired business, forecasts of expected future results and cash flows, and any legal, regulatory or contractual provisions that can limit useful life. At each subsequent reporting date, the directors consider whether there are any factors such as technological advancements or changes in market conditions that indicate a need to reconsider the useful economic life of goodwill and intangible assets.
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Safic-Alcan UK Limited
Notes to the Financial Statements
For the Year Ended 31 December 2025
Analysis of turnover by country of destination:
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Safic-Alcan UK Limited
Notes to the Financial Statements
For the Year Ended 31 December 2025
Page 20
Safic-Alcan UK Limited
Notes to the Financial Statements
For the Year Ended 31 December 2025
Page 21
Safic-Alcan UK Limited
Notes to the Financial Statements
For the Year Ended 31 December 2025
12.Taxation (continued)
There were no factors that may affect future tax charges.
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Safic-Alcan UK Limited
Notes to the Financial Statements
For the Year Ended 31 December 2025
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Page 23
Safic-Alcan UK Limited
Notes to the Financial Statements
For the Year Ended 31 December 2025
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Page 24
Safic-Alcan UK Limited
Notes to the Financial Statements
For the Year Ended 31 December 2025
Capital redemption reserve
Profit and loss account
Page 25
Safic-Alcan UK Limited
Notes to the Financial Statements
For the Year Ended 31 December 2025
A debenture in favour of Natixis Bank has been given by the Company in respect of an Intercreditor agreement incorporating a fixed and floating charge over all the current and future assets of the company.
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £167,219 (2024 - £151,181). Contributions totalling £5,976 (2024 - £2,972) were payable to the fund at the balance sheet date.
The value of the dividend payment was £10,500,000.
The ultimate parent company is Wisteria SAS, incorporated in France.
The immediate parent company is Safic-Alcan Espana SA, incorporated in Spain.
The only group in which the results of Safic-Alcan UK Limited are consolidated is that headed by Myrtil SAS. The consolidated accounts as at 31 December 2025 can be obtained from 13, Cours Valmy, Tour Pacific - 92977, La Defense Cedex, Paris, France.
The immediate parent company is Safic-Alcan Espana SA, incorporated in Spain.
The only group in which the results of Safic-Alcan UK Limited are consolidated is that headed by Myrtil SAS. The consolidated accounts as at 31 December 2025 can be obtained from 13, Cours Valmy, Tour Pacific - 92977, La Defense Cedex, Paris, France.
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