IPECO HOLDINGS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-09 (in 1mo)
Last made up 2025-05-26
Watchouts
None on the register
Cash
£8M
+59.1% vs 2023
Net assets
£100M
+2.6% vs 2023
Employees
921
+5.4% vs 2023
Profit before tax
£3M
-80.6% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £108,262,000 | £119,667,000 | |
| Operating profit | £6,402,000 | £7,793,000 | |
| Profit before tax | £17,194,000 | £3,341,000 | |
| Net profit | £13,649,000 | £2,974,000 | |
| Cash | £4,911,000 | £7,815,000 | |
| Total assets less current liabilities | £106,400,000 | £108,948,000 | |
| Net assets | £97,442,000 | £99,944,000 | |
| Equity | £97,442,000 | £99,944,000 | |
| Average employees | 874 | 921 | |
| Wages | £30,284,000 | £33,114,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 5.9% | 6.5% | |
| Net margin | 12.6% | 2.5% | |
| Return on capital employed | 6.0% | 7.2% | |
| Current ratio | 4.36x | 3.71x | |
| Interest cover | 54.72x | 1.73x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- PKF Littlejohn LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- IPECO HOLDINGS LIMITED · parent
- Ipeco Inc. 1%
- Ipeco Service Centre Hong Kong Ltd 0.51%
- Ipeco Singapore PTE Ltd 1%
- hs2 Engineering GmbH 1%
- Pulse Electronics (Avionics) Ltd 1%
- Aviation Marketing Consultants Industries Ltd 1%
- Ipeco Holdings Limited (FZE) 1%
- Ipeco Service Centre Beijing Ltd 0.51%
- O.T.M. Servo Mechanism Limited 1%
Significant events
- “During 2024, the Ipeco group was recognised for the exceptional work it does with young trainees through being awarded a Kings Award for Enterprise in the 'promoting social mobility' category.”
- “The group also took ownership of a newly constructed 12,000 sq m. assembly and engineering facility in Southend-on-Sea. Relocation of staff into this building and disposal of other properties in Southend are planned to complete in 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| INDIGO CORPORATE SECRETARY LIMITED | Corporate Secretary | 2021-05-28 | — | — |
| HAIR, Sophie Jane | Director | 2019-06-14 | Oct 1992 | British |
| HAMLIN, Robert Myles | Director | 2019-04-26 | Apr 1966 | British |
| JOHNSON, Alexander James | Director | 2019-06-14 | Oct 1993 | British |
| JOHNSON, Christopher | Director | — | Sep 1947 | British |
| JOHNSON, Elizabeth | Director | 1997-09-18 | Jan 1947 | British |
| JOHNSON, Steven John | Director | 1997-09-18 | Aug 1969 | British |
| NASH, Sarah Jane | Director | 2015-10-07 | Nov 1967 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BACKHOUSE, Christopher Mark | Secretary | 1993-07-01 | 1997-09-18 |
| COOK, John | Secretary | — | 1993-01-26 |
| NASH, Sarah Jane | Secretary | 2012-04-23 | 2015-08-28 |
| ROSS, Keith Michael | Secretary | 1997-09-18 | 2012-04-23 |
| ROSS, Keith Michael | Secretary | 1993-03-25 | 1993-07-01 |
| YOUNG, Bernadette Clare | Secretary | 2015-08-28 | 2021-05-28 |
| BACKHOUSE, Christopher Mark | Director | 1993-07-01 | 1997-09-18 |
| BELL, Julian Ingress | Director | 1993-02-25 | 1997-09-18 |
| COOK, John | Director | — | 1993-01-26 |
| HORNSBY, Alan Kenneth | Director | 1993-02-25 | 1997-09-18 |
| JOHNSON, Richard James | Director | 2005-10-21 | 2016-01-31 |
| LEONARD, Mervyn Mitchell | Director | 1993-12-23 | 1996-10-31 |
| SKINNER, David Anthony | Director | — | 1995-05-26 |
| STACEY, James George William | Director | — | 1996-10-31 |
| WILLANS, John Richard David | Director | 1995-04-03 | 1997-09-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Castledon Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 197 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-06-17 | AA | accounts | Accounts with accounts type group | |
| 2025-05-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-05 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-05-29 | AA | accounts | Accounts with accounts type group | |
| 2024-05-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-05-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-07-15 | AA | accounts | Accounts with accounts type group | |
| 2023-05-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-10 | AA | accounts | Accounts with accounts type group | |
| 2022-05-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-20 | AA | accounts | Accounts with accounts type group | |
| 2021-08-20 | CH01 | officers | Change person director company with change date | |
| 2021-08-19 | CH01 | officers | Change person director company with change date | |
| 2021-08-19 | CH01 | officers | Change person director company with change date | |
| 2021-08-19 | CH01 | officers | Change person director company with change date | |
| 2021-08-19 | CH01 | officers | Change person director company with change date | |
| 2021-08-19 | CH01 | officers | Change person director company with change date | |
| 2021-07-12 | MR04 | mortgage | Mortgage satisfy charge part |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+10.5%
£108,262,000 £119,667,000
-
Cash
+59.1%
£4,911,000 £7,815,000
-
Net assets
+2.6%
£97,442,000 £99,944,000
-
Employees
+5.4%
874 921
-
Operating profit
+21.7%
£6,402,000 £7,793,000
-
Profit before tax
-80.6%
£17,194,000 £3,341,000
-
Wages
+9.3%
£30,284,000 £33,114,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers