IDEMIA UK LIMITED

1. IDEMIA UK LIMITED 2018-04-13 → present
2. OBERTHUR TECHNOLOGIES UK LIMITED 2008-12-10 → 2018-04-13
3. OBERTHUR CARD SYSTEMS LIMITED 1999-10-04 → 2008-12-10
4. OBERTHUR SMART CARDS NORTHERN EUROPE LIMITED 1999-07-23 → 1999-10-04

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

Reporting scope

Standalone (parent only)

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company's business activities, together with the factors likely to affect its future development and principle risks and uncertainties, are set out in the Strategic Report. The directors are confident that the underlying business remains strong and will generate positive cash flows for the foreseeable future. The Company participates in the IDEMIA group centralised treasury arrangements, and so shares banking arrangements with its parent and fellow subsidiaries. The Company's detailed financial plans, together with its financial resources, contracts and diverse customers together with risk mitigation processes lead the directors to conclude that the Company will continue in operational existence for the foreseeable future and therefore they continue to adopt the going concern basis of accounting in preparing the financial statements. As a result, the directors have no reason to believe that a material uncertainty exists that may cast significant doubt about the ability of the IDEMIA group to continue as a going concern, and have therefore prepared the accounts on a going concern basis.”

Group structure

1. IDEMIA UK LIMITED · parent
   1. IDEMIA UK Pension Trustee Limited 100% · England and Wales · Dormant

Significant events

• “Turnover decreased by £2.4m. This is in line with expectations considering an exceptional activity in 2023 driving an additional £1.4m, and a reorganisation across the group for customer management.”
• “The business made a profit after tax of £5,132,000 in the year, which was decreased by actuarial losses after tax of £1,560,000. After the payment of an interim dividend of £4,200,000 there has been an overall decrease in shareholders' funds of £628,000.”
• “The Company continues to operate a defined benefit pension plan, however, following a consultation period with affected members, the Company made the decision to close the Plan to future accrual with effect from 30 June 2023. From this date, all remaining active members became deferred pensioners.”
• “In July 2024, the UK High Court ruled in Virgin Media v NTL Pension Trustees that certain pension scheme amendments were invalid due to non-compliance with section 37 of the Pension Schemes Act 1993. This provision required formal actuarial confirmation for any changes affecting contracted-out rights. The judgement raises the possibility that amendments made to pension schemes between 1997 and 2016 may be legally ineffective if proper procedures were not followed. This could lead to higher pension liabilities where changes are found to be invalid.”

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

  -3.3%

  £72,977,000 → £70,604,000

• Cash

  -86.2%

  £312,000 → £43,000

• Net assets

  -1.5%

  £43,228,000 → £42,600,000

• Employees

  -3.5%

  315 → 304

• Operating profit

  -5.9%

  £2,321,000 → £2,183,000

• Profit before tax

  +17.1%

  £4,147,000 → £4,857,000

• Wages

  +1.7%

  £14,884,000 → £15,131,000

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