IPCA LABORATORIES UK LIMITED

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

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Leesing Marrison Lee Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“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 group's and the parent 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.”

Group structure

1. IPCA LABORATORIES UK LIMITED · parent
   1. Onyx Scientific Limited 100%

Significant events

• “Based upon the current order position, the directors are confident that the group will continue to increase sales and profitability.”
• “A loss of a key business system could impact our ability to manufacture products and lead to customer disappointment and reputational damage. Ipca mitigates this risk through investment in robust security controls and procedures, security testing arrangements and ongoing employee training.”
• “The timing of drug approval by government agencies may affect the phasing of sales. The company continues to mitigate this risk by the expansion and diversification of its customer base and product portfolios.”
• “The group is exposed to credit risk from its trade debtors and from depositing cash with banking institutions. Customers are assessed for credit-worthiness before credit is extended, and any debts which become overdue are chased promptly. likewise, the company only engages with banks that can demonstrate a strong financial position and developments in the sector are monitored closely.”
• “The group has faced an increase in its cost base due to inflationary pressures the UK has recently experienced. This, coupled with current global financial uncertainty together exert uncontrollable pressure on the company's profitability.”

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

Filings

4

last 12 months

Capital events

1

last 24 months

Officers appointed

0

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.

• Turnover

  —

  Not reported

• Cash

  -66.9%

  £1,043,130 → £345,301

• Net assets

  —

  Not reported

• Employees

  +3.3%

  123 → 127

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