IPC NETWORK SERVICES LIMITED

• ⚠

  Material uncertainty over going concern

  The company is in a net liabilities and net current liability position. However, in the event that it is not possible for the company to meet its liabilities as they fall due and also due to the company being commercially interdependent on IPC Corp., IPC Corp. has agreed to provide financial support to the company in meeting its liabilities as and when they fall due for at least 12 months from the date of approval of the financial statements, being the going concern period.

1. IPC NETWORK SERVICES LIMITED 2003-12-31 → present
2. GAINS INTERNATIONAL (EUROPE) LIMITED 2001-08-20 → 2003-12-31
3. PEN (UK) LIMITED 1992-04-13 → 2001-08-20
4. GAINS (UK) LIMITED 1992-03-10 → 1992-04-13
5. PENMASTER LIMITED 1990-09-12 → 1992-03-10

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

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The company is in a net liabilities and net current liability position. However, in the event that it is not possible for the company to meet its liabilities as they fall due and also due to the company being commercially interdependent on IPC Corp., IPC Corp. has agreed to provide financial support to the company in meeting its liabilities as and when they fall due for at least 12 months from the date of approval of the financial statements, being the going concern period.”

Group structure

1. IPC NETWORK SERVICES LIMITED · parent
   1. IPC Network Services EMEA Limited 100% · UK · provision of voice and data telecommunications for the financial services community
   2. WestCom Europe Limited 100% · UK · dormant
   3. IPC Information Systems (PTY) Ltd. 100% · South Africa · provision of voice and data telecommunications for the financial services community
   4. Lexar UK Limited 100% · UK

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

Filings

7

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%

  £37,407,827 → £35,112,864

• Cash

  +6.6%

  £1,178,320 → £1,256,128

• Net assets

  +1.7%

  £56,240,638 → £57,215,209

• Employees

  -7.2%

  69 → 64

• Operating profit

  +50.6%

  £536,418 → £807,692

• Profit before tax

  +84.9%

  £447,708 → £827,812

• Wages

  +8.5%

  £5,930,557 → £6,433,064

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