INTERGRAPH (UK) LIMITED

Company number

01457814

Status

Active

Incorporation

1979-10-30

Last accounts made up

2024-12-31

Account category

FULL

Primary SIC

62020

Hubs

UK AI & Enterprise SaaS

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Saffery LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company has considerable financial resources and a significant amount of recurring revenue from a number of customers across different industries. Currently the company has no external borrowings and is expected to generate positive cash flows through operations and investment activities over the next 12 months through to September 2025. Intergraph (UK) Limited has access to the group's centralised treasury arrangements and borrowing facilities. As a consequence, the Directors believe that the company is well placed to manage its business risks successfully despite some uncertainties in the economic outlook. The company has received a support letter from Hexagon AB and in light of that the Directors have viewed the going concern of the business for a period of at least 12 months from the approval date of these financial statements, and having assessed the responses of the management of Hexagon AB to their enquiries, have no reason to believe that a material uncertainty exists that may cast significant doubt on the ability of the Hexagon AB group to continue as a going concern and therefore to continue to provide support to the entity as and when it is required. Accordingly, they continue to adopt the going concern basis in preparing the annual financial statements.”

Subsidiaries

• Alias Limited · 100% held · develops software solutions in the field of automatic piping isometric generaton

Significant events

• “As at 31 December 2024 Intergraph (UK) Limited owned 100% of the share capital of Alias Limited. At the year end, the investment in Alias Limited was written off to nil as the companies' assets and trade was transferred to Intergraph UK Limited in 2023. Alias Limited has subsequently been struck off.”
• “In 2023 the intellectual property rights of Alias Limited were sold and the employees of Alias Limited were transferred to Intergraph (UK) Limited. Alias Limited then ceased trading. The remaining current assets of Alias Limited were liquidated and dividend distributions were paid to Intergraph (UK) Limited in 2024 totalling £15,756,910.”
• “Growth in the demand for Hexagon ALI's software and solutions are likely to be directly impacted by global economic conditions, the price of oil capital expenditure levels in the oil and gas industry and industry demands to reduce the cost of plant design and operation. The Directors expect revenues to continue to grow in the medium term, but in the short-term revenues may fluctuate depending on the factors outlined above. The medium-term prospects for HSI's products and services will be driven by demand from UK customers for geospatially enabled security and infrastructure software and services. Demand from government and commercial customers are expected to be adversely impacted by UK economic conditions and restrictions on government spending in 2025 and beyond. These risks continue to be managed and mitigated accordingly.”
• “In March 2025, Intergraph UK's parent company (Hexagon AB) announced that it was preparing to spin-off part of its business into an independent, publicly traded company (Octave plc) in early 2026. If this spin-off goes ahead, the business and assets of Intergraph UK will be part of this spin-off. The separation of Octave from Hexagon is intended to establish an independent public company that is able to pursue focused growth and investment strategies in its respective area of expertise, with the goal of enhancing the long-term performance potential. As part of this change and related group restructuring, the ultimate parent company of Intergraph UK is expected to change in 2026.”

Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers