INDEPENDENT PIPELINES LIMITED
Get an alert when INDEPENDENT PIPELINES LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-05 (in 2mo)
Last made up 2025-06-21
Watchouts
None on the register
Cash
£2K
-80.1% vs 2023
Net assets
£540M
+3.2% vs 2023
Employees
0
Average over period
Profit before tax
£7M
0% vs 2023
Net assets
2-year trend · vs Utilities median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £41,397,701 | £44,862,435 | |
| Operating profit | £9,029,037 | £9,532,207 | |
| Profit before tax | £6,768,805 | £6,769,022 | |
| Net profit | £5,386,539 | £5,127,172 | |
| Cash | £9,855 | £1,960 | |
| Total assets less current liabilities | £686,149,508 | £707,986,247 | |
| Net assets | £523,771,896 | £540,276,568 | |
| Equity | £523,771,896 | £540,276,568 | |
| 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 |
|---|---|---|---|
| Operating margin | 21.8% | 21.2% | |
| Net margin | 13.0% | 11.4% | |
| Return on capital employed | 1.3% | 1.3% | |
| Gearing (liabilities / total assets) | 43.0% | 44.2% | |
| Current ratio | 0.77x | 0.79x | |
| Interest cover | 0.80x | 0.65x |
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
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries, the Directors have a reasonable expectation that the Company has adequate resources to continue to adopt the going concern basis in preparing the annual report and financial statements.”
Significant events
- “UK government introduced the Energy Act 2023, naming OFGEM the future regulator for heat networks across England, Scotland and Wales, as part of the plan to expand Great Britain's network of low carbon heating to promote the transition to net-zero emissions.”
- “BUUK have been recognised as one of the Fortune 100 Best Companies to Work For in Europe 2024™.”
- “UK Government issued the Heat and Building Strategy (HABS) in October 2021, which sets out how the UK will decarbonise existing homes, as part of the path to achieve net zero by 2050. UK Government consulted on the Future Homes Standard (FHS) in December 2023.”
- “The UK Hydrogen Strategy published in August 2021 set out the UK Government's approach to growing a UK hydrogen economy. Government consulted in December 2023 on the UK strategy for hydrogen.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 28 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MUMFORD, Christopher Paul | Secretary | 2006-07-27 | — | British |
| ALDRIDGE, Ian Craig | Director | 2022-09-09 | Feb 1963 | British |
| BRETT, Richard Mark | Director | 2023-07-28 | Jun 1985 | British |
| HOCKMAN, Samuel | Director | 2025-03-31 | Sep 1982 | British |
| LINSDELL, Clive Eric | Director | 2013-01-25 | Mar 1962 | British |
| SHAW, Neil Edward | Director | 2024-05-09 | Apr 1962 | British |
| TROUNSON, John | Director | 2017-12-01 | Dec 1966 | British |
Show 28 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ADAMS, Peter Gordon | Secretary | 1996-06-17 | 1999-02-02 |
| CASTLE, Rodney Grahame | Secretary | 1993-06-21 | 1996-02-02 |
| ENGLISH, Charles Warwick Foster | Secretary | 1996-02-02 | 1996-06-17 |
| LEE, Simon John | Secretary | 2013-03-19 | 2016-06-17 |
| MAHER, Abdul Majid | Secretary | 1999-02-02 | 2001-08-08 |
| MANNING, Edward Andrew | Secretary | 2023-11-06 | 2024-06-25 |
| STANDRING, Susan Lisa | Secretary | 2016-08-18 | 2022-04-20 |
| WARD, Russell Adrian Edmund | Secretary | 2001-08-08 | 2006-07-27 |
| LONDON LAW SECRETARIAL LIMITED | Corporate Nominee Secretary | 1993-06-21 | 1993-06-21 |
| ADAMS, Peter Gordon | Director | 1999-02-02 | 2001-08-08 |
| ATTWELL THOMAS, Christopher Paul | Director | 2001-08-08 | 2002-09-13 |
| COLLINS, Graham | Director | 2017-03-24 | 2019-04-16 |
| CORNEY, Darryl John | Director | 2006-06-21 | 2023-07-28 |
| FISHER, Robert John | Director | 2001-08-08 | 2005-08-31 |
| FOURNIER, Jean Raymond Joseph | Director | 1998-01-13 | 2001-08-08 |
| GIBB, Philip | Director | 1994-01-17 | 2001-08-08 |
| HINCHLIFFE, John William | Director | 1999-09-24 | 2000-09-30 |
| HINDLE, Nicola Ruth | Director | 2021-04-14 | 2023-12-20 |
| HOUGHTON, David Patrick | Director | 2002-08-08 | 2006-06-16 |
| JOHNSTON, Keith | Director | 2014-02-26 | 2022-09-09 |
| KURIYAN, Ravi Joseph | Director | 1998-09-29 | 2000-09-30 |
| LAFOND, Jacques | Director | 2000-09-05 | 2001-08-08 |
| LEGROS, Didier | Director | 1998-01-13 | 2000-09-30 |
| MARSHALL, Alan Roger | Director | 1993-06-21 | 1998-09-01 |
| MURRAY, Robert James Matthews | Director | 2006-01-04 | 2011-04-12 |
| SHAW, Neil Edward | Director | 2013-01-25 | 2013-12-31 |
| WARD, Russell Adrian Edmund | Director | 2001-08-08 | 2012-12-17 |
| LONDON LAW SERVICES LIMITED | Corporate Nominee Director | 1993-06-21 | 1993-06-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Inexus Group (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 180 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-07-21 | AA | accounts | Accounts with accounts type full | |
| 2025-06-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-31 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-10 | AA | accounts | Accounts with accounts type full | |
| 2024-06-25 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-06-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-20 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-06 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-08-23 | AA | accounts | Accounts with accounts type full | |
| 2023-07-28 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-28 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-09 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-09 | TM01 | officers | Termination director company with name termination date | |
| 2022-07-20 | AA | accounts | Accounts with accounts type full | |
| 2022-06-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-20 | TM02 | officers | Termination secretary company with name termination date | |
| 2021-07-14 | AA | accounts | Accounts with accounts type full | |
| 2021-06-21 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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
+8.4%
£41,397,701 £44,862,435
-
Cash
-80.1%
£9,855 £1,960
-
Net assets
+3.2%
£523,771,896 £540,276,568
-
Employees
—
Not reported
-
Operating profit
+5.6%
£9,029,037 £9,532,207
-
Profit before tax
0%
£6,768,805 £6,769,022
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