IPP PROPERTIES NO. 2 LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-06 (in 10mo)
Last made up 2026-02-20
Watchouts
None on the register
Cash
£6M
+5% vs 2023
Net assets
£4M
+41.7% vs 2023
Employees
0
Average over period
Profit before tax
£2M
+10.3% vs 2023
Name history
Renamed 2 times since incorporation
- IPP PROPERTIES NO. 2 LIMITED 2009-09-29 → present
- BABCOCK & BROWN PROPERTIES NO. 2 LIMITED 2004-03-25 → 2009-09-29
- DWSCO 2503 LIMITED 2004-02-19 → 2004-03-25
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 | £2,514,000 | £2,781,000 | |
| Operating profit | £690,000 | £747,000 | |
| Profit before tax | £1,366,000 | £1,507,000 | |
| Net profit | £1,045,000 | £1,130,000 | |
| Cash | £5,710,000 | £5,994,000 | |
| Total assets less current liabilities | £15,615,000 | £14,474,000 | |
| Net assets | £2,626,000 | £3,722,000 | |
| Equity | £2,626,000 | £3,722,000 | |
| Average employees | 0 | 0 | |
| Wages | — | — |
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 | 27.4% | 26.9% | |
| Net margin | 41.6% | 40.6% | |
| Return on capital employed | 4.4% | 5.2% | |
| Current ratio | 3.00x | 2.87x | |
| Interest cover | 0.68x | 0.84x |
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
- Consolidated group
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors believe the Partnership will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements of the Group.”
Group structure
- IPP PROPERTIES NO. 2 LIMITED · parent
- Derbyshire Schools Phase Two Limited 100%
- IPP Properties (Derbyshire Schools Phase Two) Limited 100%
- Long Eaton Schools Limited 100%
- Newbold (Derbyshire Schools Phase Two) Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WOODS, Amanda Elizabeth | Secretary | 2011-01-10 | — | British |
| LEWIS, William Edward | Director | 2022-07-01 | Jun 1979 | British |
| TROW, Andrew John | Director | 2019-11-01 | Mar 1974 | British |
| WARD, Daniel Colin | Director | 2019-11-01 | Feb 1982 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DOWNS, Steven George | Secretary | 2004-03-30 | 2005-09-30 |
| LEES, David John | Secretary | 2009-06-12 | 2011-01-10 |
| LEWIS, Neil Dewar | Secretary | 2005-09-30 | 2009-06-12 |
| DWS SECRETARIES LIMITED | Corporate Nominee Secretary | 2004-02-19 | 2004-03-30 |
| ANWER, Muhammad Ahmed | Director | 2014-06-30 | 2022-07-01 |
| BLANEY, Hugh Luke | Director | 2004-03-30 | 2008-09-30 |
| FROST, Giles James | Director | 2004-03-30 | 2019-11-01 |
| GREGORY, Michael John | Director | 2005-04-27 | 2019-11-01 |
| LEES, David John | Director | 2008-09-30 | 2011-06-30 |
| SINGLETON, Nicholas Raymond | Director | 2011-06-17 | 2014-07-18 |
| WHEELDON, Timothy Scott | Director | 2004-03-30 | 2008-11-03 |
| DWS DIRECTORS LIMITED | Corporate Nominee Director | 2004-02-19 | 2004-03-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ipp (Ppp) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 103 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-23 | CH01 | officers | Change person director company with change date | |
| 2026-02-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-26 | AA | accounts | Accounts with accounts type group | |
| 2025-02-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-01 | AA | accounts | Accounts with accounts type group | |
| 2024-02-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-23 | CH01 | officers | Change person director company with change date | |
| 2023-08-09 | AA | accounts | Accounts with accounts type full | |
| 2023-03-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-08 | AA | accounts | Accounts with accounts type full | |
| 2022-07-01 | AP01 | officers | Appoint person director company with name date | |
| 2022-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2022-02-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-15 | AA | accounts | Accounts with accounts type full | |
| 2021-03-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-10-28 | AA | accounts | Accounts with accounts type full | |
| 2020-03-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-11-06 | TM01 | officers | Termination director company with name termination date | |
| 2019-11-06 | TM01 | officers | Termination director company with name termination date | |
| 2019-11-04 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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
+10.6%
£2,514,000 £2,781,000
-
Cash
+5%
£5,710,000 £5,994,000
-
Net assets
+41.7%
£2,626,000 £3,722,000
-
Employees
—
Not reported
-
Operating profit
+8.3%
£690,000 £747,000
-
Profit before tax
+10.3%
£1,366,000 £1,507,000
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