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Registered number:
FOR THE YEAR ENDED 31 DECEMBER 2025
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DE MONCHY UK LIMITED
COMPANY INFORMATION
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DE MONCHY UK LIMITED
CONTENTS
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DE MONCHY UK LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The objectives of De Monchy UK Limited (hereafter: "DMU") entail wholesale and trade of raw materials for industrial applications. Sales of products mainly take place in UK and Ireland.
The year 2025
In 2025, market conditions remained relatively stable, although geopolitical tensions, alongside fluctuations in commodity prices and currency rates, required active monitoring and timely adjustments. Demand for our products continued at a solid level, supported by long-standing customer and supplier relationships and targeted commercial efforts. We maintained our focus on managing working capital. Inventory levels and credit control remained a continuous area of focus. Overall, this helped support a stable cash flow. Our existing credit facilities proved sufficient and were not fully utilized during the year. Liquidity risk continued to be managed proactively. Throughout 2025, we strengthened our financial position by maintaining cost discipline, closely tracking payment behaviour, and optimising purchasing strategies in response to market developments
Research and developments & information regarding the aspects of corporate social responsibility
Adding new producet lines and technologies to our current product portfolio is pat of our philosophy. There is a constant focus on obtaining market information and gathering data on what raw materials are needed to develop new generation products. During recent years the sustainability and renewable trend has been picked up more widely across the industry. As such, part of our sourcing is related to our goal of increasing the percentage of sales coming from biobased, renewable or recyclable sourcing.
Strategy & Forecast 2026
The year ahead is expected to remain challenging for our business due to ongoing market uncertainty, driven largely by developments around persistent geopolitical tensions and the invasion of Ira, immediately impacting our supply chain. These factors may continue to impact supply chains, pricing dynamics, and customer demand across North-Western Europe. This requires a flexible and adaptive strategy with a strng focus on working closely together with our stakeholders. Our long-standing partnerships with our suppliers, our strategy where different markets are handled in combination with a well-balanced geographical spread serving North-Western Europe shows added value while market developments continue to be challenging. A relatively good demand is noticed during the first months of 2026.
Via long-term partnerships with both our suppliers and our customers we are involved in research and development with a focus on new applications with a positive effect on sustainability.
Investments are expected to be done mainly in IT hardware. The expected growth of activities and the subsidiaries will be financed via the credit facility at the group level.
The Company devotes substantial attention to internal control and the management of operational risks. Credit risks are mitigated through credit insurance, while liability, transport, and storage-related risks are adequately covered through appropriate insurance policies.
In addition, strict requirements are imposed on commercial relationships with respect to reliability, continuity, and reputation. Purchase and sales transactions denominated in EUR and USD are hedged on individual transactions.
Dependence on individual suppliers or customers is limited due to the broad diversification across our supplier base, customer base, and product portfolio.
For a detailed overview of the applicable risk categories at DMU, please refer to the risk appetite table included in the appendix, which forms an integral part of this strategic report.
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DE MONCHY UK LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Fraud and irregularities
Management of DMU is aware of the inherent risk of fraud, both internal and external, associated with its business activities. Fraud prevention and compliance remain top priorities on the management agenda. These risks are mitigated, among other measures, by the implementation of a Code of Business Conduct. Our financial processes are characterized by a clear segregation of duties, helping to reduce the risk of unauthorized actions.Despite these internal control measures and our emphasis on compliance and risk awareness, a residual risk remains.
To further strengthen our control environment, we promote transparent decision-making, maintain a robust governance structure, and foster an open culture in which individuals are encouraged to hold each other accountable. Periodic internal and external audits are conducted to assess compliance with established control procedures and to help prevent or detect potential override of controls.
Information security continues to be a high priority from the perspectives of business continuity, fraud prevention, privacy protection, and reputation management. As part of our daily operations, regular checks are conducted to ensure adherence to internal agreements and protocols, including those related to information security.
Management is of the opinion that, taking into account the procedures and control measures in place, the current risk assessment provides a comprehensive overview of the risks the company faces, and that adequate mitigation measures have been implemented.
Turnover & Result
Net turnover of DMU increased by 8.5% from £21.2 million in 2024 to £23.0 million in 2025. This incresae is mainly caused by increased demand in 2025. The relative margins in 2025 (9.6%) were higher than last year (8.9%) mainly due to a less competitive market. Personnel costs increased from £1.0 million in 2024 to £1.04 million in 2025 mainly due to wage increases. Other operating costs remained stable at £0.2 million in 2024 and 2025.
As a result of the aforementioned developments, the net profit of £0.5 million was in line with previous year's net profit of £0.5 million.
Solvency & Liquidity
The balance sheet at the end of 2025 showed a solvency ratio of 27% (2024: 20%). Liquidity (current assets divided by current liabilities) increased from 1.25 as of 31 December 2024 to 1.37 as of 31 December 2025, due to a decrease in net working capital.
Cash flow & Financing
Cash flow is positively influenced mainly by the result (£0.5 million), decreased inventory (£1.7 million), decreased trade receivables (£0.1 million) and increase in current liabilities excluding bank loans and overdrafts (£0.2 million). This positive impact is partly offset by increased current assets (£0.8 million) and decreased trade payables (1.0 million).
Financing is arranged through a credit facility at the group level. Based on forecasts, we expect the group to continue meeting covenants requirements in the foreseeable future and to generate sufficient cash flows to fulfil its obligation.
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DE MONCHY UK LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The sequence in which these risks and mitigating actions are presented in no way reflects any order of importance, chance or materiality.
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DE MONCHY UK LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
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DE MONCHY UK LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
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DE MONCHY UK LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
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DE MONCHY UK LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
This report was approved by the board on 22 May 2026 and signed on its behalf.
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DE MONCHY UK LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The director presents his report and the financial statements for the year ended 31 December 2025.
The director is responsible for preparing the Strategic report, the Director's report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the director is required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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 £472,392 (2024 - £457,112).
No dividends are planned to be paid.
The director who served during the year was:
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DE MONCHY UK LIMITED
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The auditors, Creasey Son & Wickenden, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board on 22 May 2026 and signed on its behalf.
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DE MONCHY UK LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF DE MONCHY UK LIMITED
We have audited the financial statements of De Monchy UK Limited (the 'Company') for the year ended 31 December 2025, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of cash flows, 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 director's 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 director with respect to going concern are described in the relevant sections of this report.
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DE MONCHY UK LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF DE MONCHY UK LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The director is 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.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic report and the Director's report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic report and the Director's 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 Director's report.
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DE MONCHY UK LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF DE MONCHY 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:
Irregularities are instances of non-compliance with laws and regulations. The objectives of our audit are to obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements, to perform audit procedures to help identify instances of non-compliance with other laws and regulations that may have a material effect on the financial statements, and to respond appropriately to identified or suspected noncompliance with laws and regulations identified during the audit.
In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatement of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit.
However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulation and for the prevention and detection of fraud. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the company audit team:
∙obtain an understanding of the nature of the industry and sector, including the legal and regulatory framework that the company operates in and how the company is complying with the legal and regulatory framework;
∙inquired of management, and those charged with governance, about their identification and assessment of the risks of irregularities, including any known, suspected or alleged instances of fraud; and
∙discussed matters about non-compliance with laws and regulations and how fraud might occur including assessing how and where the financial statements may be susceptible to fraud.
As a result of these procedures, we consider the most significant laws and regulations that have a direct impact on the financial statements are FRS 102, the Companies Act 2006 and tax compliance regulations. We performed audit procedures to detect non-compliance which may have a material impact on the financial statements which included reviewing financial statement disclosures and completion of relevant checklists, inspecting correspondence with national and local tax authorities where relevant, evaluating any tax advice received.
The most significant laws and regulations that have an indirect impact on the financial statements are those in relation to health and safety. We performed audit procedures to inquire of management and those charged with governance whether the company is compliant with these laws and regulations, reviewed minutes of relevant meetings and completed searches for any reportable incidents in the public domain.
The company audit engagement team identified the risk of management override of controls as the area where financial statements were most susceptible to material misstatement due to fraud. Audit procedures performed included but were not limited to testing journal entries and other adjustments and evaluating the business
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DE MONCHY UK LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF DE MONCHY UK LIMITED (CONTINUED)
rationale in respect of any significant or unusual transactions and any transactions entered into outside of the normal course of business.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
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
Chartered Accountants
Statutory auditor
Hearts of Oak House
4 Pembroke Road
Kent
TN13 1XR
27 May 2026
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DE MONCHY UK LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
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DE MONCHY UK LIMITED
REGISTERED NUMBER: 10471604
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 on 22 May 2026.
The notes on pages 20 to 32 form part of these financial statements.
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DE MONCHY UK LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
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DE MONCHY UK LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
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DE MONCHY UK LIMITED
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
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DE MONCHY UK LIMITED
ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 31 DECEMBER 2025
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DE MONCHY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
De Monchy UK Limited is incorporated in England and Wales and is a private company limited by shares. Its registered office is at Hearts of Oak House, Pembroke Road, Sevenoaks, Kent TN13 1XR and its trading address is Barham Court, Teston, Maidstone, Kent, ME18 5BZ. The company's principal activity is the distribution of industrial chemicals.
2.Accounting policies
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
These financial statements are prepared and presented in pound Sterling. Values are rounded to the nearest £1. They present information for this company alone.
The following principal accounting policies have been applied:
Functional and presentation currency
Transactions and balances
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DE MONCHY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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DE MONCHY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
The estimated useful lives range as follows:
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DE MONCHY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.
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DE MONCHY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.
Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
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DE MONCHY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Other financial assets
Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Basic financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
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DE MONCHY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Other financial instruments
Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.
Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.
Derecognition of financial instruments
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
Analysis of turnover by country of destination:
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DE MONCHY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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DE MONCHY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
There were no factors that may affect future tax charges.
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DE MONCHY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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DE MONCHY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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DE MONCHY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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DE MONCHY UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Foreign exchange reserve
Profit and loss account
The company is one of a number of companies of a large trading group. The company's bank arrangements are operated by the Group and as part of its arrangements with its bankers the company is party to a joint and several guarantee limited to €40,000,000 across the Group.
The Company operates a defined contributions 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 £19,674 (2023: £18,266). Contributions totaling £24,748 (2023: £16,894) were payable to the fund at the balance sheet date and are included in creditors.
The immediate parent of this company is MCG BV, a company incorporated in The Netherlands. Its address is Beursplein 37, Kamer 1464, 3011 AARotterdam, Netherlands.
The ultimate controlling party remained as D.L van Wassenaer throughout the year.
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