Plascoat Systems Limited
Registered name: PLASCOAT SYSTEMS LIMITED
Part of Axalta Coating Systems Limited groupPlascoat Systems Limited made £11.8m revenue and £1m profit in the year to 31 Dec 2025. read from filing text
Plascoat Systems Limited’s revenue fell 7% to £11.8m in the year to 31 Dec 2025, with £1m profit and 28 employees. The company is classified under “manufacture of plastics in primary forms” and is based in Surrey; we hold 5 years of its filed accounts.
- Status
- Active
- Location
- Surrey, South East
- Age
- 73 yrs · since 1952
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The company is a wholly owned subsidiary of Axalta Coating Systems UK Holding Limited, a company registered in England and Wales. Its ultimate parent company is Axalta Coating Systems Ltd, a company i”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2021 | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||||
| Revenue (turnover) | £10.5m | £11.1m | £12m | £12.7m | £11.8m |
| Cost of sales | £9.2m | £9.8m | £10.8m | £11.2m | £9.2m |
| Gross profit | £1.3m | £1.3m | £1.2m | £1.5m | £2.6m |
| Operating profit | −£255k | £625k | −£277k | −£147k | £1.5m |
| Profit before tax | −£378k | £490k | −£551k | −£315k | £1.4m |
| Profit after tax | −£65k | £164k | −£878k | −£644k | £1m |
| Profit (best available) | −£65k | £164k | −£878k | −£644k | £1m |
| Employees (average) | 32 | 31 | 30 | 31 | 28 |
| Ratios | |||||
| Profit margin | −0.6% | 1.5% | −7.3% | −5.1% | 8.5% |
| Gross margin | 12.6% | 11.7% | 10.1% | 11.6% | 21.8% |
| Revenue per employee | £329k | £359k | £400k | £410k | £420k |
| Profit per employee | −£2k | £5.3k | −£29.3k | −£20.8k | £35.8k |
| Growth (year on year) | |||||
| Revenue growth | — | ▲5.5% | ▲7.9% | ▲5.9% | ▼7.5% |
| Profit growth | — | — | ▼635.4% | — | — |
| Headcount growth | — | ▼3.1% | ▼3.2% | ▲3.3% | ▼9.7% |
| Balance sheet — indirect signals, not revenue | |||||
| Cash at bank | £4.1m | £536k | £158k | £444k | £386k |
| Net assets | £5.1m | £5.7m | £4.9m | £4.8m | £5.6m |
| Fixed assets | £3.2m | £3.2m | £3.4m | £3.5m | £5.1m |
| Current assets | £11.8m | £10.2m | £8.7m | £6.8m | £6.7m |
| Debtors | £729k | £658k | £780k | £606k | £465k |
| Deferred income | £456k | £465k | £251k | £293k | £284k |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 | FullAccounts · bulk data Jul 2024 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Jun 2026 |
How the business works
- Profit margin
- 8.5%
- Profit ÷ revenue.
- Gross margin
- 21.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £420k
- Revenue ÷ average employees.
- Profit per employee
- £35.8k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 43%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 2.4%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 4%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲17%
- Now £5.6m
- Cash at bank
- ▼13%
- Now £386k
- Headcount
- ▼10%
- Now 28
- Deferred income
- ▼3%
- Now £284k
- Fixed assets
- ▲43%
- Now £5.1m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Axalta Coating Systems Limited (registered outside the UK register)ultimate parent75–100%
- Axalta Coating Systems UK Holding Limited75–100%
- Plascoat Systems Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- Plascoat Holdings LimitedRev. — · Profit £0
- Plascoat Pension Trustees LimitedFigures not disclosed
Sister companies (5)
- U-Pol LimitedRev. £92.9m · Profit £5.7m
- Axalta Coating Systems UK LimitedRev. £49.7m · Profit £170m
- Axalta Coating Systems U.K. (3) LimitedFigures not disclosed
- HPG Industrial Coatings Pension Trustees LimitedFigures not disclosed
- U-Pol Bidco LimitedRev. — · Profit £1.3m
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- Interfoam LimitedBedford · Manufacture of plastics in primary forms
- Revenue
- £12m
- Profit
- £535k
- Staff
- 133
- Dynamic Cassette International LimitedLincolnshire · Manufacture of plastics in primary forms
- Revenue
- £12m
- Profit
- £543k
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- Plastic Technology Services LimitedDumfries · Manufacture of plastics in primary forms
- Revenue
- £12.4m
- Profit
- £661k
- Staff
- 44
- Stockmeier Urethanes UK LimitedSowerby Bridge · Manufacture of plastics in primary forms
- Revenue
- £10.2m
- Profit
- £802k
- Staff
- 26
- Aei Compounds LimitedSandwich · Manufacture of plastics in primary forms
- Revenue
- £13.7m
- Profit
- £61k
- Staff
- 42
- Aqua Fabrications LimitedSkelmersdale · Manufacture of plastics in primary forms
- Revenue
- £15m
- Profit
- £1.7m
- Staff
- 57
Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £1m), from the Companies House accounts bulk data published Jun 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.