ITRON METERING SOLUTIONS UK LIMITED

1. ITRON METERING SOLUTIONS UK LIMITED 2009-05-12 → present
2. ACTARIS UK LIMITED 2001-09-17 → 2009-05-12
3. PROBABLE GAIN LIMITED 2001-08-21 → 2001-09-17

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

Deloitte Ireland LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making enquiries, the directors are satisfied that the ultimate parent company, Itron Inc., guarantees that group policy will be managed in such a way as to be in position to meet financial obligations of all group subsidiaries including those of Itron Metering Solution UK Limited. In particular regard to the situation where subsidiaries have accumulated losses, Itron Inc. will continue to support each company so that it can meet its current liabilities and future commitments as required by going operations for at least 12 months from the date of the auditor's report on the 2024 financial statements. Considering this and the net asset position of the company, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the annual report and financial statements.”

Significant events

• “Consolidation of UK sites completed in March 2024. Felixstowe site was closed and operations moved to the Martlesham site. Consolidation saw significant reduction in plant/test machinery.”
• “EV Charger bank installed (4 x chargers).”

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

  +13.3%

  £45,597,000 → £51,642,000

• Cash

  +32.6%

  £8,546,000 → £11,330,000

• Net assets

  +34.6%

  £35,391,000 → £47,631,000

• Employees

  +1.2%

  82 → 83

• Operating profit

  +20.5%

  £11,302,000 → £13,616,000

• Profit before tax

  +7.8%

  £15,191,000 → £16,382,000

• Wages

  +6.5%

  £6,524,000 → £6,950,000

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