INDUSTRIAL AND FINANCIAL SYSTEMS, IFS UK LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-03 (in 10mo)
Last made up 2026-02-17
Watchouts
None on the register
Cash
£53M
+311.2% vs 2023
Net assets
£7M
-6.6% vs 2023
Employees
218
-8.4% vs 2023
Profit before tax
-£1M
+43.8% 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 | £118,667,017 | £154,289,435 | |
| Operating profit | £5,678,606 | £5,410,946 | |
| Profit before tax | -£1,923,780 | -£1,080,418 | |
| Net profit | -£2,855,652 | -£536,004 | |
| Cash | £12,866,997 | £52,909,634 | |
| Total assets less current liabilities | £91,964,913 | £89,781,674 | |
| Net assets | £8,007,168 | £7,475,616 | |
| Equity | £8,007,168 | £7,475,616 | |
| Average employees | 238 | 218 | |
| Wages | £24,574,783 | £30,397,895 |
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 | 4.8% | 3.5% | |
| Net margin | -2.4% | -0.3% | |
| Return on capital employed | 6.2% | 6.0% | |
| Current ratio | 0.99x | 0.99x | |
| Interest cover | 0.75x | 0.61x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After considering these forecasts and the financial and operational ability of the Group to continue as a going concern, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the going concern assessment period to 31 December 2026. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.”
Group structure
- INDUSTRIAL AND FINANCIAL SYSTEMS, IFS UK LTD · parent
- Axios Systems Ltd 100%
- Application Software IFS South Africa (Pty) Ltd 100%
Significant events
- “In August 2025, IFS completed the acquisition of 7bridges, a leading provider of supply chain AI and logistics optimisation solutions. The financial effects will be reflected in IFS's 2025 financial statements.”
- “In August 2024, IFS Group acquired Copperleaf Technologies Inc., a global leader in decision analytics. Subsequently, on 1 May 2025, the trade and assets of Copperleaf UK were transferred to IFS.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LAING, Alan Wallace | Director | 2019-06-13 | Sep 1958 | British |
| POORE, Stephanie Jayne | Director | 2024-01-19 | Sep 1982 | British |
| WILLIAMS, Daniel | Director | 2023-05-22 | May 1978 | British |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRETT, Jeremy Richard | Secretary | 2008-02-29 | 2014-05-31 |
| CESTRA, Pierangelo | Secretary | 2019-07-09 | 2023-05-22 |
| FLETCHER, Kevin Dennis | Secretary | 2018-10-11 | 2019-07-09 |
| LUNDBERG, Sverker Olov Gabriel | Secretary | 1996-12-13 | 1997-02-26 |
| PEAT, Garry Michael | Secretary | 2014-06-01 | 2018-10-10 |
| WALKER, William James | Secretary | 1997-06-09 | 2008-02-29 |
| CORPORATE ADMINISTRATION SECRETARIES LIMITED | Corporate Nominee Secretary | 1996-11-12 | 1996-12-13 |
| JORDAN COMPANY SECRETARIES LIMITED | Corporate Nominee Secretary | 1997-03-18 | 1997-06-09 |
| CESTRA, Pierangelo | Director | 2019-10-07 | 2023-05-22 |
| LINDHOLM, Anders Magnus | Director | 2018-10-10 | 2019-10-11 |
| MASSEY, Paul Charles | Director | 2006-02-06 | 2018-10-11 |
| MOODH, Jan | Director | 2003-01-26 | 2006-01-31 |
| NILSSON, Bengt | Director | 1997-06-25 | 2003-01-26 |
| PETERSSON, Thomas Ake Mikael | Director | 1997-06-25 | 2002-12-20 |
| PETERSSON, Thomas Ake Mikael | Director | 1996-12-13 | 1997-02-26 |
| SODEN, Mark | Director | 2006-02-06 | 2019-06-13 |
| SORBIE, Alastair George | Director | 1997-02-26 | 2018-03-31 |
| CORPORATE ADMINISTRATION SERVICES LIMITED | Corporate Nominee Director | 1996-11-12 | 1996-12-13 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 159 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-07 | AA | accounts | Accounts with accounts type full | |
| 2025-04-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-07 | AA | accounts | Accounts with accounts type full | |
| 2024-03-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-19 | CH01 | officers | Change person director company with change date | |
| 2024-01-19 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-04 | RESOLUTIONS | resolution | Resolution | |
| 2023-09-04 | MA | incorporation | Memorandum articles | |
| 2023-08-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-05-23 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-05-23 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-23 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-05-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-22 | AA | accounts | Accounts with accounts type full | |
| 2023-03-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-28 | AA | accounts | Accounts with accounts type full | |
| 2022-05-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-06 | AA | accounts | Accounts with accounts type full | |
| 2021-07-06 | MR04 | mortgage | Mortgage satisfy charge 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
+30%
£118,667,017 £154,289,435
-
Cash
+311.2%
£12,866,997 £52,909,634
-
Net assets
-6.6%
£8,007,168 £7,475,616
-
Employees
-8.4%
238 218
-
Operating profit
-4.7%
£5,678,606 £5,410,946
-
Profit before tax
+43.8%
-£1,923,780 -£1,080,418
-
Wages
+23.7%
£24,574,783 £30,397,895
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