How much does Huntsman Ifs Polyurethanes Limited make?

Huntsman Ifs Polyurethanes Limited reported revenue of £14.8m and a loss of £344k in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Huntsman Ifs Polyurethanes Limited have?

Huntsman Ifs Polyurethanes Limited reported an average of 21 employees in the year to 31 Dec 2025.

Is Huntsman Ifs Polyurethanes Limited profitable?

No — Huntsman Ifs Polyurethanes Limited reported a loss of £344k in the year to 31 Dec 2025.

Company No. 02766797 · Incorporated 23 Nov 1992

Huntsman Ifs Polyurethanes Limited

Registered name: HUNTSMAN IFS POLYURETHANES LIMITED

Part of Huntsman Corporation group

Huntsman Ifs Polyurethanes Limited made £14.8m revenue and a £344k loss in the year to 31 Dec 2025.

Huntsman Ifs Polyurethanes Limited’s revenue fell 17% to £14.8m in the year to 31 Dec 2025, with a loss of £344k and 21 employees. The company is classified under “manufacture of other chemical products” and is based in Redcar; we hold 5 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 20590Manufacture of other chemical products n.e.c.

Status: Active
Location: Redcar, North East
Age: 33 yrs · since 1992
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.

Latest accounts · year to 31 Dec 2025

Key figures

Capital-light

Revenue

£14.8m

Growth ▼16.8%

Profit

−£344k

Growth —

Profit margin

−2.3%

Gross 12.6%

Employees

Change ▼27.6%

Profit / employee

−£16.4k

Revenue/employee £704k

Profitable streak

0yrs

Consecutive profitable years in our data

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

5 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£27.2m	£26m	£20.6m	£17.8m	£14.8m
Cost of sales	£21m	£23.3m	£16.6m	£15.3m	£12.9m
Gross profit	£6.2m	£2.6m	£4m	£2.5m	£1.9m
Operating profit	£3.3m	−£1.2m	£1.4m	−£1.6m	−£689k
Profit before tax	£3.3m	−£1.2m	£1.7m	−£1.2m	−£356k
Profit after tax	£3.3m	−£1.2m	£1.7m	−£1.1m	−£344k
Profit (best available)	£3.3m	−£1.2m	£1.7m	−£1.1m	−£344k
Staff costs	£1.4m	£1.4m	£1.4m	£1.5m	£1.2m
Employees (average)	30	33	30	29	21
Ratios
Profit margin	12.1%	−4.5%	8.3%	−6.5%	−2.3%
Gross margin	22.8%	10.1%	19.4%	14%	12.6%
Revenue per employee	£907k	£786k	£688k	£613k	£704k
Profit per employee	£110k	−£35.3k	£57.1k	−£39.5k	−£16.4k
Growth (year on year)
Revenue growth	—	▼4.6%	▼20.4%	▼13.9%	▼16.8%
Profit growth	—	▼135.4%	—	▼166.9%	—
Headcount growth	—	▲10%	▼9.1%	▼3.3%	▼27.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£6.1m	£7.6m	£6.9m	£7.3m	£8.6m
Net assets	£12m	£10.9m	£12.6m	£11.4m	£11.1m
Fixed assets	£2.9m	£2.9m	£2.9m	£1.5m	£950k
Current assets	£13.3m	£13.9m	£12.5m	£11.3m	£11m
Debtors	£4m	£3.7m	£2.7m	£2m	£1.9m
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Dec 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: −2.3%; Profit ÷ revenue.
Gross margin: 12.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £704k; Revenue ÷ average employees.
Profit per employee: −£16.4k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 6.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 13%; 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: ▼3%; Now £11.1m
Cash at bank: ▲19%; Now £8.6m
Headcount: ▼28%; Now 21
Deferred income: —; Now —
Fixed assets: ▼36%; Now £950k

Corporate ownership

Group structure

Ownership chain

Huntsman Corporation (registered outside the UK register)ultimate parent75–100%
Huntsman (Holdings) UK75–100%
Huntsman Ifs Polyurethanes Limitedthis company

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

Sister companies (6)

Huntsman Europe LimitedFigures not disclosed
Huntsman Offshore Investments LimitedFigures not disclosed
Huntsman Petrochemicals (UK) HoldingsFigures not disclosed
Huntsman Polyurethanes (UK) LimitedFigures not disclosed
Huntsman Surface Sciences UK LimitedFigures not disclosed
Tioxide Overseas Holdings LimitedFigures not disclosed

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 −£344k), 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.