IONOS CLOUD LIMITED

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have reviewed the current economic and business environment and have prepared forecasts based on various financial projections. In addition, the directors have subjected the financial forecasts and projections to additional revenue and cash stress tests. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence to 31 December 2026 to which date the forecasts were prepared. There is also a letter of support from the parent company to ensure liquidity for at least the next 12 months from the date of signing the financial statements for the year ended 31 December 2024. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.”

Significant events

• “Investments in infrastructure and hardware declined in 2024. Less was invested as the expansion of the data centre mainly took place from 2021 to 2023. Accordingly, liabilities to the parent company IONOS SE for cash pooling decreased in 2024. Due to the expansion of the data centre, IONOS Cloud Limited paid the high estimated instalments for electricity payments in advance, which was no longer necessary in 2024. Receivables have fallen accordingly. Advance payments to the tax authorities have also decreased.”
• “A new data centre was launched in October 2022 as part of the wider group which is a leading example on the UK and beyond of energy efficient and sustainable data centre design.”
• “On 20 June 2023, legislation was substantively enacted in the UK to introduce the 'Pillar Two' global minimum tax model rules of the OECD's Inclusive Framework on Base Erosion and Profit Shifting ('BEPS') and a UK qualified domestic minimum top-up tax, with effect from 1 January 2024. Under these rules, the company may be liable to top-up tax where the Pillar Two effective tax rate of the Group's operations in jurisdictions where the entity, or its subsidiaries are based, is below 15%.”
• “The decline in capital obligations in 2024 results from the higher orders for servers in 2023 due to the data centre expansion. This is now almost complete, which is why outstanding orders decreased.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.