Company | 2025 | 2024 |
|---|---|---|
Shares in Group undertakings – at cost | 30,822 | 30,822 |
The following is a complete list of the subsidiary undertakings of the Company:
Registered office | Ownership | Country | Principal activities | |
|---|---|---|---|---|
Directly owned subsidiaries | ||||
Zotefoams International Limited | 675 Mitcham Road, Croydon CR9 3AL | 100% | UK | Holding company |
Zotefoams Pension Trustees Limited | 675 Mitcham Road, Croydon CR9 3AL | 100% | UK | Acts as trustee of the Group’s pension schemes |
Indirectly owned subsidiaries | ||||
Zotefoams Inc | Corporation Trust Center, 1209 Orange Street, Wilmington, New Castle, Delaware | 100% A | USA | Purchases, manufactures and distributes cross-linked block foams |
Zotefoams Midwest LLC | Corporation Trust Center, 1209 Orange Street, Wilmington, New Castle, Delaware | 100% B | USA | Trading company supplying specialist materials for the construction industry |
MuCell Extrusion LLC | Corporation Trust Center, 1209 Orange Street, Wilmington, New Castle, Delaware | 100% B | USA | Licenses microcellular foam technology |
Zotefoams U.K. Limited (formerly | 675 Mitcham Road, Croydon CR9 3AL | 100% A | UK | From 1 January 2026 purchases, manufactures and distributes cross-linked block foams |
Zotefoams Technology Limited | 675 Mitcham Road, Croydon CR9 3AL | 100% A | UK | Dormant |
KZ Trading and Investment Limited | 15/F OTB Building, 160 Gloucester Road, | 100% A | Hong Kong | Holding company |
Zotefoams T-FIT Material Technology (Kunshan) Limited | 181 Huanlou Road, Kunshan, Jiangsu | 100% C | China | Process Zotefoams foams into T-FIT technical insulation products and distributes them |
Zotefoams France SAS | 29 Boulevard Albert Einstein, Nantes | 100% A | France | No trading activities |
Zotefoams Poland Sp. z.o.o. | ul. Grzybowska 2/29, 00-131, Warszawa | 100% A | Poland | Purchases, manufactures and distributes cross-linked block foams |
T-FIT Insulation Solutions India | 412-415, 2nd Floor, Nimai Tower, Udyog Vihar, Phase-IV, Gurgaon, Haryana-122015 | 100% A | India | Distributes T-FIT technical insulation products |
Zotefoams Denmark ApS | Niels Bohrs Vej 36, 8660 Skanderborg | 100% A | Denmark | No trading activities |
Zotefoams Spain Holdings S.L. | Avenida del Doctor Arce 14, 28002 Madrid | 100% A | Spain | Holding company |
Overseas Konstellation Company S.A. | Calle General Díaz Porlier, nº 75, | 100% D | Spain | Purchases, manufactures and distributes block foams |
Inversiones G2GF, S.L.U. | Calle General Díaz Porlier, nº 75, | 100% E | Spain | Ownership of factory premises |
A Subsidiary of Zotefoams International Limited
B Subsidiary of Zotefoams Inc
C Subsidiary of KZ Trading and Investment Limited
D Subsidiary of Zotefoams Spain Holdings S.L.
E Subsidiary of Overseas Konstellation Company S.A.
In the opinion of the Directors, the investments in the Company’s subsidiary undertakings are worth at least the amount at which they are stated in the statement of financial position.
Zotefoams plc Employee Benefit Trust ("EBT") is a wholly-owned entity with its registered office JTC House, 28 Esplanade, St Helier, Jersey, Channel Islands, JE2 3QA. EBT releases shares in the Company when share awards vest or are exercised.
Zotefoams International Limited, Zotefoams Technology Limited and Zotefoams U.K. Limited are relying upon the exemption from audit of individual financial statements as permitted by Section 479A of the Companies Act 2006. All outstanding liabilities as at 31 December 2025 of these companies have been guaranteed by the Company and no liability is expected to arise under this guarantee.