IKIRU PEOPLE LIMITED

1. IKIRU PEOPLE LIMITED 2019-12-18 → present
2. DILLISTONE SYSTEMS LIMITED 1990-06-25 → 2019-12-18
3. DAVID DILLISTONE SYSTEMS LIMITED 1986-10-02 → 1990-06-25
4. AQUADATA LIMITED 1986-08-04 → 1986-10-02

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 101 Reduced Disclosure Framework

Reporting scope

Standalone (parent only)

Auditor

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As at the date of this report, the directors have a reasonable expectation that the Company and the Group have adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.”

Significant events

• “During 2024, we felt the financial benefit of moves made during FY2023, with cost of sales and administrative costs significantly down. Whilst revenue was also down, we are well placed to take advantage of any market recovery.”
• “Product development spend in 2024 was £881,000 (2023: £962,000).”
• “The Group meets its day to day working capital requirements through its cash balance and overdraft. It has in place a £1.5m CBIL loan, secured in June 2020, repayable over 6 years with capital repayments commencing from July 2021. This loan will be fully repaid by June 2026, which will result in additional cash flow of £300,000 per year from capital payments plus associated interest before the repayment of any other debt. There are two tranches of convertible loan debt, £400,000 and £300,000 for which repayment has been deferred by the holders of the convertible loans until the company attains a more favourable cash position. The debt is with current and former Directors all of whom remain supportive of the business. To enhance the cash flow position, the Group secured an overdraft facility in February 2025 to ensure it has enough liquidity for the business needs and can continue with development of software.”
• “The company has experienced a decline in turnover over a number of with years with a 11% drop in 2024 primarily as a result of the macro-economic environment in the recruitment industry.”
• “Revenue decreased 11% to £4,395,000 (2023: £4,948,000), while costs of sales decreased 16% to £465,000 (2023: £551,000) and administrative expenses were down 13% at £3,958,000 (2023: £4,556,000).”

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

  -11.2%

  £4,948,000 → £4,395,000

• Cash

  -44.1%

  £408,000 → £228,000

• Net assets

  +49.1%

  £554,000 → £826,000

• Employees

  -20.3%

  59 → 47

• Operating profit

  +1,957.1%

  £14,000 → £288,000

• Profit before tax

  +2,350%

  -£12,000 → £270,000

• Wages

  -15.1%

  £2,286,000 → £1,940,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers