BASELL POLYOLEFINS UK LIMITED

Active
Company number 02811230Private limited companyIncorporated 1993

Key figures

£96,378,000+3.7%
Net assets 2024
+3.7%
Average annual growth 2023–2024
025 m50 m75 m100 m20232024

† BASELL POLYOLEFINS UK LIMITED filed these accounts on paper, so Companies House publishes them only as a scanned image. The figures for the years marked † were read automatically from the scan and kept only where the statements add up (for example net assets equal total equity), but a reading error is still possible — check the original accounts at Companies House.

Ratios

2024

Sector comparison

SIC 20160

Where the company stands among the 351 active companies whose first SIC code is 20160 (Manufacture of plastics in primary forms).

Turnover£208,934,000
Higher than 93% · median £23,278,000 among 49 that publish turnover
Net assets£96,378,000
Higher than 97% · median £241,281
Total assets£123,615,000
Higher than 95% · median £746,606
Cash£1,069,000
Higher than 76% · median £226,220
Company age33.6 years
Older than 77% · median 9.0 years
Largest in this sector by net assets
  1. VICTREX PLC£431.2m
  2. DU PONT (U.K.) LIMITED£177.1m
  3. ADVANCED ELASTOMER SYSTEMS UNLIMITED£156.9m
  4. INGEVITY UK LTD£140.3m
  5. BALL & YOUNG LIMITED£120.3m
  6. BASELL POLYOLEFINS UK LIMITED£96.4m
  7. HYPERLAST LIMITED£82.1m
  8. A-SAFE GROUP HOLDINGS LIMITED£78.2m
  9. INVIBIO LIMITED£77.7m
  10. ALPEK POLYESTER UK LTD£76.1m

Positions are approximate. Figures come from each company's latest accounts; money and employee figures are compared only with companies that filed accounts in pounds for a period ending in the last two and a half years and are not dormant, so those groups are smaller than 351. The line on each bar marks the median.

Summary: BASELL POLYOLEFINS UK LIMITED

What kind of company is it?

BASELL POLYOLEFINS UK LIMITED is a private limited company registered with Companies House under company number 02811230. It was incorporated on 21 Apr 1993. Its status is active. The registered office is in London (W1J). Its nature of business (SIC 2007) is manufacture of plastics in primary forms (20160).

How is the company doing financially?

The latest accounts in the database are for 2024 (period ending 31 Dec 2024); the company files full accounts. Turnover was £208,934,000. Profit for the year was £3,535,000. Net assets were £96,378,000, up 3.7% on the previous year. Cash at bank and in hand was £1,069,000. Total assets were £123,615,000 and total liabilities £27,237,000. Figures are available for 2 financial years (2023–2024).

How does it compare with similar companies?

Compared with 351 active companies whose first SIC code is 20160: By turnover it ranks higher than 93% of the 49 that publish turnover (median £23,278,000). By net assets it ranks higher than 97% of them (median £241,281). By total assets it ranks higher than 95% of them (median £746,606). By cash it ranks higher than 76% of them (median £226,220). It is older than 77% of them (median age 9.0 years).

Has it received government grants?

It is recorded as the recipient of 2 central government grants worth £169.1k, mainly from Department for Energy Security and Net Zero.

What do public registers and reports show?

HMRC lists it as an importer of goods, mainly plastics, salt, stone and cement, miscellaneous chemicals. HMRC lists it as an exporter of goods, mainly plastics, optical, medical and measuring instruments, salt, stone and cement. In its latest payment practices report it took an average of 60 days to pay suppliers, and 39% of invoices were not paid within agreed terms. It has modern slavery statements on the government registry for 2 years.

Who runs and controls the company?

One person with significant control is registered.

When are its next filings due?

The next accounts are due by 31 Dec 2026. The next confirmation statement is due by 31 Jul 2027.

Filed accounts2023–2024
2023 †2024 †
Turnover220,655,000208,934,000
Profit for the year-4,680,0003,535,000
Cash at bank and in hand1,191,0001,069,000
Total assets114,466,000123,615,000
Total liabilities21,548,00027,237,000
Net assets / total equity92,918,00096,378,000

A dash (—) means no accounts were filed for that year or the item is not in the accounts; 0 is a zero stated in the accounts. Small companies usually file only a balance sheet, so the profit and loss account is often missing.

Government grants

2 grants

BASELL POLYOLEFINS UK LIMITED is recorded as the recipient of 2 central government grants since 2022, together worth £169.1k.

Funders
Department for Energy Security and Net Zero
1 grant · £109.6k
Department for Business, Energy and Industrial Strategy
1 grant · £59.5k
Grants
  1. IETFDepartment for Business, Energy and Industrial Strategy · £59,464 · Industrial Energy Transformation Fund (IETF)
  2. Industrial Energy Transformation Fund (IETF)Department for Energy Security and Net Zero · £109,599

From the Government Grants Register published by the Cabinet Office (financial years 2016/17 onwards, Open Government Licence v3.0). It covers grants from central government departments and their agencies where the register states the recipient's company number and the recipient name matches this company; grants from local authorities, lottery distributors and devolved governments are not included.

Statutory reporting

Payment practices1 Jul 2025 – 31 Dec 2025
Average time taken to pay invoices
60 days
Invoices not paid within agreed terms
39%
Standard payment terms
30–60 days
Member of a payment code
No
  • Within 30 days 15%
  • 31 to 60 days 54%
  • After 60 days 31%
Earlier periods (7)
Period ending
Days to pay
Within 30 days
Late
30 Jun 2025
58
17%
45%
31 Dec 2024
53
17%
44%
30 Jun 2024
53
20%
47%
31 Dec 2023
53
20%
42%
30 Jun 2023
60
22%
23%
31 Dec 2022
64
22%
25%
30 Jun 2022
57
22%
31%

View the latest report on GOV.UK

Modern slavery statements2
2021
Statement · summary on GOV.UK · group statement (LYONDELLBASELL INDUSTRIES N.V.)
2020
Statement · summary on GOV.UK · group statement (LYONDELLBASELL INDUSTRIES N.V.)

Figures the company reported itself to the government's Check payment practices service, Gender pay gap service and Modern slavery statement registry (Open Government Licence v3.0). Only large companies and employers with 250 or more staff have to report, so most companies have nothing here.

Registers and licences

International trade‡

Listed by HMRC as an importer of goods in 12 of the last 12 months on record, most recently August 2026. Main goods: plastics, salt, stone and cement, miscellaneous chemicals, machinery and organic chemicals.

Listed by HMRC as an exporter of goods in 12 of the last 12 months on record, most recently August 2026. Main goods: plastics, optical, medical and measuring instruments, salt, stone and cement, paints, dyes and inks and miscellaneous chemicals.

From HMRC's monthly lists of importers and exporters. Traders can ask to be left off the lists, so absence does not mean a company does not trade.

Sources: Charity Commission for England and Wales, Care Quality Commission, Home Office and HM Revenue & Customs, under the Open Government Licence v3.0. Entries marked ‡ come from lists that do not state a company number and were linked by an exact match on the registered name.

History

6 events
  1. Financial year 2024 endedAccounts: turnover £208.9m, net assets £96.4m
  2. Financial year 2023 endedAccounts: turnover £220.7m, net assets £92.9m
  3. Lyondellbasell Industries N.V registered as a person with significant control
  4. Basell Uk Holdings Limited ceased to be a person with significant control
  5. Basell Uk Holdings Limited registered as a person with significant control
  6. Company incorporatedPrivate limited company

Dates as recorded at Companies House: incorporation, name changes, officer appointments and resignations, current and former persons with significant control, and the end of each financial year with figures in the database.