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Company No. 02238419 · Incorporated 31 Mar 1988

Axalta Coating Systems UK Limited

Registered name: AXALTA COATING SYSTEMS UK LIMITED

Part of Axalta Coating Systems Limited group

Axalta Coating Systems UK Limited made £49.7m revenue and £170m profit in the year to 31 Dec 2025. read from filing text

Axalta Coating Systems UK Limited’s revenue fell 6% to £49.7m in the year to 31 Dec 2025, with £170m profit and 61 employees. The company is classified under “manufacture of paints, varnishes and similar coatings, mastics and sealants” and is based in Welwyn Garden City; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 20301Manufacture of paints, varnishes and similar coatings, mastics and sealants
Status
Active
Location
Welwyn Garden City, East of England
Age
38 yrs · since 1988
Type
Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

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 immediate parent undertaking and controlling party”

Latest accounts · year to 31 Dec 2025

Key figures

Revenue
£49.7m
Growth ▼5.5%
Profit
£170m
Growth —
Profit margin
342.4%
Gross 50%
Employees
61
Change ▲19.6%
Profit / employee
£2.8m
Revenue/employee £814k
Profitable streak
1yr
Consecutive profitable years in our data

Unusual figures. Profit is higher than revenue in this filing. That usually means investment income, dividends from subsidiaries or one-off gains — or a mis-tagged figure. Check the original filing before drawing conclusions.

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202231 Dec 202331 Dec 202431 Dec 2025
DisclosureFull P&Lread from filing textFull P&Lread from filing textFull P&Lread from filing textFull P&Lread from filing text
Profit & loss
Revenue (turnover)£49.5m£58.3m£52.6m£49.7m
Cost of sales£30m£34.6m£27.6m£24.8m
Gross profit£19.5m£23.7m£25m£24.8m
Operating profit−£14.8m£3.3m−£7m£830k
Profit before tax£28.7m£266m−£3.3m£170m
Profit after tax£28.3m£265m−£3.8m£170m
Profit (best available)£28.3m£265m−£3.8m£170m
Staff costs£3.8m£4.4m£5.3m£6.5m
Employees (average)44455161
Ratios
Profit margin57.2%454.9%−7.2%342.4%
Gross margin39.5%40.6%47.5%50%
Revenue per employee£1.1m£1.3m£1m£814k
Profit per employee£644k£5.9m−£74.5k£2.8m
Growth (year on year)
Revenue growth—▲17.8%▼9.8%▼5.5%
Profit growth—▲836.2%▼101.4%—
Headcount growth—▲2.3%▲13.3%▲19.6%
Balance sheet — indirect signals, not revenue
Cash at bank£3.8m£6.4m£17.2m£5.7m
Net assets£1.9bn£3.7bn£3.7bn£3.7bn
Fixed assets£1.8bn£3.6bn£3.6bn£3.6bn
Current assets£93.1m£93.2m£97.1m£70.2m
Debtors£83.3m£9.6m£5.9m£7.8m
Deferred income£5.2m£8.7m£9.1m£12.3m
SourceFullAccounts · bulk data Aug 2024FullAccounts · bulk data Aug 2024FullAccounts · bulk data Oct 2025FullAccounts · bulk data Sep 2026
Derived from the latest filing

How the business works

Profit margin
342.4%
Profit ÷ revenue.
Gross margin
50%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£814k
Revenue ÷ average employees.
Profit per employee
£2.8m
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
7257%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
24.8%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
15.8%
Money owed by customers. Low = customers pay quickly.
Indirect — not revenue

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
▼1%
Now £3.7bn
Cash at bank
▼67%
Now £5.7m
Headcount
▲20%
Now 61
Deferred income
▲35%
Now £12.3m
Fixed assets
▼0%
Now £3.6bn

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

  1. Axalta Coating Systems Limited (registered outside the UK register)ultimate parent75–100%
  2. Axalta Coating Systems UK Holding Limited75–100%
  3. Axalta Coating Systems UK Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (2)

Sister companies (5)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £170m), from the Companies House accounts bulk data published Sep 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.