IBM UNITED KINGDOM ASSET LEASING LIMITED
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Next accounts due
2027-02-28 (in 9mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-11 (in 11mo)
Last made up 2026-03-28
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
£21M
-39.5% vs 2023
Employees
0
Average over period
Profit before tax
£6M
+20.7% vs 2023
Name history
Renamed 2 times since incorporation
- IBM UNITED KINGDOM ASSET LEASING LIMITED 1987-06-29 → present
- IBM UNITED KINGDOM FINANCE LIMITED 1983-02-24 → 1987-06-29
- IBM UNITED KINGDOM DATA PROCESSING SYSTEMS HOLDINGSLIMITED 1975-01-24 → 1983-02-24
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 | £11,435,000 | £8,400,000 | |
| Operating profit | — | — | |
| Profit before tax | £5,318,000 | £6,419,000 | |
| Net profit | £6,040,000 | £6,060,000 | |
| Cash | — | — | |
| Total assets less current liabilities | £35,280,000 | £21,340,000 | |
| Net assets | £35,280,000 | £21,340,000 | |
| Equity | £35,280,000 | £21,340,000 | |
| Average employees | 0 | 0 | |
| Wages | — | — |
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 |
|---|---|---|---|
| Net margin | 52.8% | 72.1% | |
| Gearing (liabilities / total assets) | 70.0% | 87.1% | |
| Current ratio | 0.64x | 0.70x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis as the immediate parent IBM United Kingdom Financial Services Limited, has confirmed its continuing financial support to the company and provided written confirmation that they will not recall the intercompany payable balance, repayable on demand within the period of at least 12 months following the approval and signing of these financial statements. Based on the assessment, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis.”
Significant events
- “During the year ended 31 December 2024 a dividend of £20,000,000 (2023: nil) was declared and paid by the company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 36 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| REEVE, Hayden James Gunton | Secretary | 2017-06-20 | — | — |
| PHILLIPS, Jane Helen | Director | 2024-10-17 | Oct 1975 | British |
| WALLING, Nicola Louise | Director | 2023-06-19 | Feb 1971 | British |
Show 36 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CURTIS, Paul Martin James | Secretary | 1998-09-21 | 2005-07-22 |
| DAMANT, Ian Reginald | Secretary | 2012-05-30 | 2017-06-20 |
| DUNGER, Fiona Elizabeth | Secretary | 1996-10-21 | 1998-09-21 |
| DUNGER, Fiona Elizabeth | Secretary | 1994-08-01 | 1996-03-07 |
| GREEN, Anthony Kevin | Secretary | 2005-07-22 | 2007-09-06 |
| HERD, Ronald Alexander James | Secretary | 2011-08-31 | 2012-05-30 |
| JONES, Steven Alan Vaughan | Secretary | 1992-03-23 | 1993-08-25 |
| KARNEY, Gilbert Patrick | Secretary | — | 1992-03-23 |
| MARCUS, Robert Paul Andrew | Secretary | 1993-08-25 | 1994-08-01 |
| MCDONALD, Gail Marie | Secretary | 1996-03-07 | 1996-10-21 |
| ROWBOTHAM, Christopher Frederick Allan | Secretary | 2008-11-28 | 2011-08-31 |
| WRIGHT, Emma Danielle | Secretary | 2007-09-06 | 2008-11-28 |
| BEER, Jonathan Francis | Director | 2012-05-30 | 2013-11-25 |
| CAMPION, Paul John | Director | 2014-09-02 | 2017-07-01 |
| CLEMENTS, Timothy John Martin | Director | 2013-11-11 | 2022-02-24 |
| COOK, Edward Thomas | Director | 2018-07-06 | 2023-06-23 |
| CRUTTENDEN, Peter | Director | — | 1994-07-18 |
| FERGUSON, Ian Duncan | Director | 2009-04-09 | 2010-12-02 |
| FOULKES, Paul David | Director | 2001-06-01 | 2004-05-08 |
| HARES, Gayle Susan | Director | 2009-12-11 | 2010-12-02 |
| KHINDRIA, Ajay Kumar | Director | 2011-08-31 | 2014-10-14 |
| LAMB, James Summers | Director | 1994-08-01 | 2002-02-26 |
| LEWIS, John Julian | Director | — | 1995-04-24 |
| MORRIS, Jonathan Thomas Charles | Director | 1995-04-24 | 1997-04-07 |
| ROBERTS, Clive Beaumont | Director | 2010-08-05 | 2010-08-05 |
| ROBERTS, Clive Beaumont | Director | 2010-08-04 | 2011-09-01 |
| ROBINSON, Edward Piers | Director | 2020-02-25 | 2024-11-12 |
| ROSKELL, Ian David | Director | 2010-08-05 | 2010-08-05 |
| ROSKELL, Ian David | Director | 2010-08-04 | 2012-06-01 |
| SHARPLES, Andy | Director | 2007-03-01 | 2009-12-11 |
| SHIPWAY, Paul Michael | Director | 2013-09-23 | 2015-11-09 |
| SMITH, Jeffrey | Director | 2004-12-17 | 2007-03-01 |
| SMITH, Jeffrey | Director | 1997-04-07 | 2001-04-18 |
| STANTON, Joanne Louise | Director | 2017-07-01 | 2020-02-24 |
| WHITE, Patrick | Director | 2015-10-26 | 2018-07-06 |
| WILSON, Stephen David | Director | 2002-02-26 | 2009-04-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ibm United Kingdom Financial Services Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 184 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-11 | AA01 | accounts | Change account reference date company current extended | |
| 2026-03-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-07 | AA | accounts | Accounts with accounts type full | |
| 2025-03-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-23 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-10-23 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-07-06 | AA | accounts | Accounts with accounts type full | |
| 2024-03-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-18 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-07-26 | AA | accounts | Accounts with accounts type full | |
| 2023-06-27 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-20 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-21 | AA | accounts | Accounts with accounts type full | |
| 2022-03-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-08 | CH01 | officers | Change person director company with change date | |
| 2022-03-04 | AD02 | address | Change sail address company with old address new address | |
| 2022-03-03 | CH01 | officers | Change person director company with change date |
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
-26.5%
£11,435,000 £8,400,000
-
Cash
—
Not reported
-
Net assets
-39.5%
£35,280,000 £21,340,000
-
Employees
—
Not reported
-
Profit before tax
+20.7%
£5,318,000 £6,419,000
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