HUNTSMAN IFS POLYURETHANES LIMITED
Company number 02766797 · Monitor this company
Executive summary
Huntsman IFS Polyurethanes Limited is undergoing a fundamental business model transition, shifting from UK-based polyurethane manufacturing to a sales and marketing operation servicing the UK market from European group manufacturing facilities. The company has experienced significant revenue contraction (46% over four years) and margin compression driven by high energy costs, raw material inflation, and intense European competition, though its balance sheet remains exceptionally liquid with £8.6m in cash. As a subsidiary of the global Huntsman group, the company benefits from strong parent backing and strategic rationalisation, but its repositioning as a distribution-oriented entity will require a different competitive approach in a market dominated by large integrated chemical manufacturers.
Shareholders' funds
£11,094,546
Balance sheet as at 2025-12-31
What it does
The principal activity of the company in the year under review was that of that of manufacturing and selling polyurethane chemicals.
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 1992-11-23
- Employees
- 21 (2025 accounts · was 29 in 2024)
- Registered office
- Huntsman Polyurethanes (Uk) Ltd, Wilton, Redcar, England, TS10 4RG
- Postcode
- TS10 4RG
- Capital
- 305,680 GBP
- Accounts category
- Medium
- Charges
- 4 outstanding
Accounts
- Last made up to
- 2025-12-31
- Next due by
- 2027-09-30
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2026-11-02
- Next due by
- 2027-11-16
Nature of business (SIC)
- 20590 Manufacture of other chemical products not elsewhere classified
Officers 2 current · 12 resigned
Group structure
Controlled by HUNTSMAN (HOLDINGS) UK — since 2017-04-28
From persons-with-significant-control filings on the public register.
Previous company names
| Name | Date changed |
|---|---|
| I.F.S. CHEMICALS LIMITED | 2017-05-12 |
| REMOTEGRID COMPANY LIMITED | 1993-01-25 |
Previous registered addresses 1
| Address | Changed on |
|---|---|
| 2 BACHES STREET, LONDON, N1 6UB | 1993-01-08 |
Among its peers
Top 10%
by shareholders' funds, of 10 similar companies in TS
3rd largest employer among its local peers (21 staff).
Trading since 1992.
Competitors Middlesbrough
This company ranks 1 among manufacture of other chemical products not elsewhere classified in Middlesbrough.
The class of 1992
49%
of the 21,839 companies incorporated in 1992 are still active today; 46% have since been dissolved.
A fact about the year, not a forecast for this company.