{"name":"HUNTSMAN IFS POLYURETHANES LIMITED","company_number":"02766797","status":"Active","type":"Private Limited Company","incorporated":"1992-11-23","dissolved":null,"registered_office":"Huntsman Polyurethanes (Uk) Ltd, Wilton, Redcar, England, TS10 4RG","postcode":"TS10 4RG","sic_codes":[{"code":20590,"description":"Manufacture of other chemical products not elsewhere classified"}],"principal_activity":"The principal activity of the company in the year under review was that of that of manufacturing and selling polyurethane chemicals.","previous_names":[{"name":"I.F.S. CHEMICALS LIMITED","changed_on":"2017-05-12"},{"name":"REMOTEGRID COMPANY LIMITED","changed_on":"1993-01-25"}],"warnings":[],"accounts":{"category":"Medium","year_end":"31 December","last_made_up_to":"2025-12-31","next_due":"2027-09-30"},"employees":{"count":21,"accounts_date":"2025-12-31"},"financials":[{"financial_date":"2025-12-31","turnover":14790322,"profit_loss":-344348,"net_assets":11094546,"cash":8644988,"average_employees":21},{"financial_date":"2024-12-31","turnover":17769100,"profit_loss":-1146852,"net_assets":11438894,"cash":7290847,"average_employees":29},{"financial_date":"2023-12-31","turnover":20645184,"profit_loss":1713826,"net_assets":12585746,"cash":6865400,"average_employees":30},{"financial_date":"2022-12-31","turnover":25953775,"net_assets":10871920,"cash":7628909},{"financial_date":"2021-12-31","turnover":27208081,"net_assets":12037325,"cash":6057546}],"officers":{"current":2,"resigned":12,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":4,"outstanding":4},"gazette_notices":[],"insolvency_outcome":null,"ai_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.","website":null,"links":{"page":"https://www.companiesintheuk.co.uk/ltd/huntsman-ifs-polyurethanes","people":"https://www.companiesintheuk.co.uk/company/huntsman-ifs-polyurethanes/people","filing_history":"https://www.companiesintheuk.co.uk/company/huntsman-ifs-polyurethanes/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/02766797","financials":"https://www.companiesintheuk.co.uk/company/huntsman-ifs-polyurethanes/financial","control":"https://www.companiesintheuk.co.uk/company/huntsman-ifs-polyurethanes/control","charges":"https://www.companiesintheuk.co.uk/company/huntsman-ifs-polyurethanes/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/huntsman-ifs-polyurethanes/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/huntsman-ifs-polyurethanes"}