IPSUM POWER (PRIVATE NETWORKS) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-25 (in 3mo)
Last made up 2025-08-11
Watchouts
None on the register
Cash
£794K
+121.8% vs 2023
Net assets
£13M
+43% vs 2023
Employees
105
+7.1% vs 2023
Profit before tax
£5M
+122.5% vs 2023
Name history
Renamed 1 time since incorporation
- IPSUM POWER (PRIVATE NETWORKS) LIMITED 2020-12-29 → present
- SPECIALIST POWER ENGINEERING CONTRACTS LIMITED 2000-08-10 → 2020-12-29
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £25,665,644 | £38,327,446 | |
| Operating profit | £2,206,742 | £4,915,690 | |
| Profit before tax | £2,206,773 | £4,911,023 | |
| Net profit | £2,121,148 | £4,004,231 | |
| Cash | £357,966 | £793,966 | |
| Total assets less current liabilities | £9,461,705 | £13,498,445 | |
| Net assets | £9,320,552 | £13,324,783 | |
| Equity | £9,320,552 | £13,324,783 | |
| Average employees | 98 | 105 | |
| Wages | £5,677,102 | £6,375,224 |
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 | 8.6% | 12.8% | |
| Net margin | 8.3% | 10.4% | |
| Return on capital employed | 23.3% | 36.4% | |
| Current ratio | 2.59x | 1.81x | |
| Interest cover | — | 1052.84x |
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
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “Throughout FY24 Ipsum has continued to grow through both organic and inorganic activities. Existing relationships have been strengthened, and this has been demonstrated through the development of new work streams and existing contracts being extended. Growth has come from a number of acquisitions which have taken place during the year.”
- “four acquisitions took place during 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COWAN, Andrew David | Director | 2024-10-14 | Oct 1966 | British |
| MAXWELL, Lee | Director | 2022-02-14 | May 1973 | British |
| VAUGHAN, Mathew Gareth | Director | 2022-10-27 | Dec 1976 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DAWSON, Colin | Secretary | 2003-10-21 | 2006-08-09 |
| HENNESSEY, Steven Paul | Secretary | 2000-09-06 | 2003-03-28 |
| NEEDHAM, Ian | Secretary | 2006-08-09 | 2017-12-19 |
| HASLAMS SECRETARIES LIMITED | Corporate Nominee Secretary | 2000-08-10 | 2000-09-06 |
| BROWN, Greig Ronald | Director | 2017-12-19 | 2018-01-03 |
| DAWSON, Colin | Director | 2001-01-02 | 2006-09-29 |
| FERNIE, Greg Nicholas Louden | Director | 2017-12-19 | 2020-01-04 |
| FULTON, Lynne | Director | 2019-12-13 | 2020-11-27 |
| HENNESSEY, Steven Paul | Director | 2000-09-06 | 2003-04-28 |
| NEEDHAM, Ian | Director | 2002-09-20 | 2022-02-14 |
| SHARDLOW, Susan | Director | 2021-03-25 | 2022-12-31 |
| THOMAS, Richard David | Director | 2020-09-01 | 2024-10-31 |
| VELLA, Salvatore | Director | 2000-09-06 | 2003-04-28 |
| WRIGHT, Craig Andrew | Director | 2001-01-02 | 2019-12-31 |
| HASLAMS LIMITED | Corporate Nominee Director | 2000-08-10 | 2000-09-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ipsum Utilities Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-04-19 | Active |
| Ipsum Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-12-19 | Ceased 2018-04-19 |
| Mr Ian Needham | Individual | Shares 25–50% | 2016-04-06 | Ceased 2017-12-19 |
| Mr Craig Andrew Wright | Individual | Shares 25–50% | 2016-04-06 | Ceased 2017-12-19 |
Filing timeline
Last 20 of 137 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-02 | AA | accounts | Accounts with accounts type full | |
| 2025-08-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-11 | AA | accounts | Accounts with accounts type full | |
| 2024-08-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-13 | AA | accounts | Accounts with accounts type full | |
| 2023-08-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-29 | AD02 | address | Change sail address company with old address new address | |
| 2023-06-28 | AD03 | address | Move registers to sail company with new address | |
| 2023-05-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-05-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-05-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-01-11 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-16 | AA | accounts | Accounts with accounts type full | |
| 2022-11-01 | AP01 | officers | Appoint person director company with name date | |
| 2022-08-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-16 | TM01 | officers | Termination director company with name termination date | |
| 2022-02-16 | AP01 | officers | Appoint person director company with name date | |
| 2021-08-26 | AD01 | address | Change registered office address company with date old address new address |
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
+49.3%
£25,665,644 £38,327,446
-
Cash
+121.8%
£357,966 £793,966
-
Net assets
+43%
£9,320,552 £13,324,783
-
Employees
+7.1%
98 105
-
Operating profit
+122.8%
£2,206,742 £4,915,690
-
Profit before tax
+122.5%
£2,206,773 £4,911,023
-
Wages
+12.3%
£5,677,102 £6,375,224
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