ITAD LIMITED

1. ITAD LIMITED 2012-11-16 → present
2. I.T.A.D. LIMITED 1984-12-07 → 2012-11-16

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

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Management have produced forecasts to January 2027, which take into consideration their best assessment of the wider economic status as well as the potential implications for the UK government, being one of the company's key customers. The company continues to deliver on a large number of long-term contracts which provide good revenue visibility and management have made assumptions, based on past practice, on the conversion rate of potential future work. On the basis of these, the board is satisfied that the company has adequate resources to continue for a period of at least 12 months from the date of signing of these financial statements. Should the forecast revenue targets not be met, management have other options at their disposal, including the ability to defer loan note repayments. The Investors have agreed to extend their notes to February 2027, and the vendor loan notes cannot be repaid before the Investor loan notes. As a result, the directors consider it appropriate for the financial statements to be prepared on a going concern basis.”

Significant events

• “Secured several multi-year contracts with the UK Government (HMG), reaffirming our position as a trusted partner and establishing a strong platform for future delivery.”
• “Expanded work to help partners protect marine environments and coastal communities, securing new contracts and establishing as a leading provider of monitoring, evaluation and learning (MEL) services.”
• “Partnerships with philanthropic foundations expanded and deepened, leading to recruitment of a Director of Philanthropy in January 2025.”
• “Enhanced reputation as an innovator by investing in digital transformation and integrating AI into operations and services, exploring practical use cases.”
• “Undertook a company-wide reorganisation, moving professional services team members closer to project delivery and introduced a new financial and project management system to improve responsiveness and effectiveness.”
• “In February 2025, the UK Government announced a reduction in ODA from 0.5% to 0.3% of gross national income, signaling a more constrained and volatile funding environment for ODA.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -6.1%

  £18,643,646 → £17,498,202

• Cash

  -25.2%

  £4,207,584 → £3,148,306

• Net assets

  +9.3%

  £5,389,294 → £5,888,239

• Employees

  -1.8%

  111 → 109

• Operating profit

  +84.6%

  £647,879 → £1,195,662

• Profit before tax

  +75.4%

  £706,437 → £1,239,305

• Wages

  +3.8%

  £5,061,808 → £5,254,902

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