INDEPENDENT TECHNOLOGY SYSTEMS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-08 (in 10mo)
Last made up 2026-02-22
Watchouts
None on the register
Cash
£10M
-2.4% vs 2023
Net assets
£60M
+12.8% vs 2023
Employees
100
-1% vs 2023
Profit before tax
£7M
-3.6% vs 2023
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £77,071,000 | £108,354,000 | |
| Operating profit | £2,423,000 | £5,929,000 | |
| Profit before tax | £7,000,000 | £6,748,000 | |
| Net profit | £8,093,000 | £6,128,000 | |
| Cash | £9,929,000 | £9,688,000 | |
| Total assets less current liabilities | £52,826,000 | £60,545,000 | |
| Net assets | £52,773,000 | £59,534,000 | |
| Equity | £52,773,000 | £59,534,000 | |
| Average employees | 101 | 100 | |
| Wages | £12,010,000 | £10,930,000 |
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 | 3.1% | 5.5% | |
| Net margin | 10.5% | 5.7% | |
| Return on capital employed | 4.6% | 9.8% | |
| Gearing (liabilities / total assets) | 45.6% | 47.3% | |
| Current ratio | 1.86x | 1.87x | |
| Interest cover | 3.78x | 36.60x |
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 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- KPMG Chartered Accountants
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the above, management believes no material uncertainty exists which may cast significant doubt on the company's ability to continue as a going concern.”
Group structure
- INDEPENDENT TECHNOLOGY SYSTEMS LIMITED · parent
- Intec Telecom Systems (France) SARL 100%
- Intec Telecom Systems Deutschland GmBH 100%
- CSG International Sdn. Bhd. (previously Intec Systems (Asia) Sdn. Bhd.) 100%
- Independent Technology Systems SL Unipersonal 100%
- Intec Telecom Systems Italia SpA 100%
- CSG SA Holdings (Pty) Ltd 100%
- CSG Systems International (India) Pvt. Ltd. (previously Independent Technology Systems (India) Pvt. Ltd) 100%
- Intec Billing Nigeria Ltd 100%
- Volubill Danmark APS 100%
- Ascade AB 100%
- CSG International Pte. Ltd (previously Ascade Asia Pacific Pte. Ltd) 100%
- Intec Telecom Systems South Africa (Pty) Ltd 100%
- Ascade Middle East FZ LLC 100%
- Intec Telecom Systems do Brasil Limitada 55%
- Designgen, Comunicacao Visual Unipessoal Lda 100%
- Independent Technology Systems for Information Technology Single Shareholder LLC 100%
- CSGI Maroc 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 40 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BEVAN, Derek Richard | Secretary | 2024-07-15 | — | — |
| MANI, Suresh Kumar | Director | 2018-11-05 | Jun 1981 | Indian |
| MEEHAN, Kevin Michael | Director | 2024-07-15 | Mar 1975 | American |
| O'CONNOR, Fiona Mary | Director | 2016-02-26 | Apr 1970 | Irish |
| O'SULLIVAN, Francis Patrick, Mr. | Director | 2016-02-26 | Mar 1967 | Irish |
| VITALE, Philip John | Director | 2018-11-05 | Dec 1968 | Australian |
Show 40 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARBUTHNOTT, John Lawrence | Secretary | 1999-09-13 | 2000-04-17 |
| CANNON, Gregory Lyman | Secretary | 2010-12-01 | 2022-01-09 |
| CHILDS, Brett Ivor | Secretary | 1998-04-01 | 1999-09-13 |
| FRAYNE, Michael | Secretary | 1997-08-21 | 1998-04-01 |
| GUBICS, Alyssa Anne | Secretary | 2022-04-06 | 2024-07-15 |
| HUNTER, Anthony George | Secretary | 2010-03-03 | 2011-06-30 |
| KERR, Garth Scott | Secretary | 2007-10-31 | 2009-04-14 |
| PRESTON, Craig Thomas | Secretary | 2004-10-01 | 2007-10-31 |
| SPELLER, Caroline Louise, Ms. | Secretary | 2009-04-14 | 2009-12-31 |
| STRUDLEY, Jean Barbara | Secretary | 2000-04-18 | 2004-10-01 |
| WATERLOW SECRETARIES LIMITED | Corporate Nominee Secretary | 1996-03-28 | 1997-08-21 |
| ADAMS, Kevin Donald | Director | 1997-11-10 | 2007-02-19 |
| ARBUTHNOTT, John Lawrence | Director | 1999-09-13 | 2007-02-19 |
| BELL, Lynn Margaret Isobel | Director | 1999-11-25 | 2007-02-19 |
| BROWNE, John Martin | Director | 1997-10-17 | 1999-11-25 |
| BURCH, Gary Charles | Director | 2007-03-07 | 2010-07-02 |
| CHILDS, Brett Ivor | Director | 2000-05-17 | 2000-09-28 |
| DEANE, Peter Charles | Director | 2002-09-19 | 2006-11-15 |
| FRAYNE, Michael | Director | 1998-04-01 | 2000-05-17 |
| GORDON, Ian | Director | 1999-11-25 | 2007-02-19 |
| GORDON, Kevin Donald | Director | 2010-06-09 | 2016-03-31 |
| GRIESS, Bret Charles | Director | 2010-12-01 | 2020-12-30 |
| HARSTON, Jonathan James | Director | 2012-09-20 | 2014-08-01 |
| HEALEY, Alan James | Director | 2000-04-17 | 2002-03-20 |
| HEAPS, David John | Director | 2010-06-09 | 2016-08-31 |
| HUGHES, John Llewellyn Mostyn | Director | 2007-02-19 | 2010-06-09 |
| JAMES, Thomas Campton | Director | 1997-10-17 | 1999-03-23 |
| JENKINSON, Kenneth Grant | Director | 2016-03-31 | 2020-08-14 |
| KALAN, Peter Eric | Director | 2010-12-01 | 2016-01-31 |
| OWEN, Gary David | Director | 2014-06-23 | 2016-01-31 |
| PINCUS, Simon Stow | Director | 2018-01-03 | 2018-07-31 |
| RUBLE, Joseph Thomas | Director | 2010-12-01 | 2016-06-10 |
| RUFF, Michael Charles | Director | 1997-10-17 | 2006-09-28 |
| SCHAAF, David Neil | Director | 2016-06-10 | 2024-01-31 |
| SIMPSON-CRAIB, Duncan Roy | Director | 1997-08-21 | 2000-05-17 |
| STUART, Gordon Mckenzie | Director | 2007-02-19 | 2010-06-09 |
| TAYLOR, Andrew George | Director | 2008-01-03 | 2010-12-03 |
| TAYLOR, Robin Francis | Director | 2007-03-01 | 2011-03-31 |
| WIESE, Randy Robert | Director | 2010-12-01 | 2018-06-10 |
| WATERLOW NOMINEES LIMITED | Corporate Nominee Director | 1996-03-28 | 1997-08-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Intec Telecom Systems Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 224 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-19 | AA | accounts | Accounts with accounts type full | |
| 2025-04-08 | RESOLUTIONS | resolution | Resolution | |
| 2025-03-20 | MA | incorporation | Memorandum articles | |
| 2025-02-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-04 | AA | accounts | Accounts with accounts type full | |
| 2024-07-31 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-07-26 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-07-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-26 | AD04 | address | Move registers to registered office company with new address | |
| 2024-02-26 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-02-14 | CH01 | officers | Change person director company with change date | |
| 2024-02-14 | CH01 | officers | Change person director company with change date | |
| 2024-02-14 | CH03 | officers | Change person secretary company with change date | |
| 2024-02-13 | CH01 | officers | Change person director company with change date | |
| 2024-02-13 | CH01 | officers | Change person director company with change date | |
| 2024-02-02 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-09 | AA | accounts | Accounts with accounts type full |
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
+40.6%
£77,071,000 £108,354,000
-
Cash
-2.4%
£9,929,000 £9,688,000
-
Net assets
+12.8%
£52,773,000 £59,534,000
-
Employees
-1%
101 100
-
Operating profit
+144.7%
£2,423,000 £5,929,000
-
Profit before tax
-3.6%
£7,000,000 £6,748,000
-
Wages
-9%
£12,010,000 £10,930,000
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