ITRANSITION GROUP LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-14 (in 1mo)
Last made up 2025-05-31
Watchouts
Cash
£7M
+35.2% vs 2023
Net assets
£972K
+52.1% vs 2023
Employees
8
Average over period
Profit before tax
£2M
+56% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 1 time since incorporation
- ITRANSITION GROUP LIMITED 2008-02-04 → present
- ITRANSITION UK LIMITED 2006-08-24 → 2008-02-04
Net assets
6-year trend · vs Technology median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £55,543,182 | £50,845,433 | |
| Operating profit | — | — | — | — | £1,181,942 | £1,762,192 | |
| Profit before tax | — | — | — | — | £1,200,247 | £1,872,586 | |
| Net profit | — | — | — | — | £883,420 | £1,432,691 | |
| Cash | — | — | — | — | £5,497,709 | £7,431,273 | |
| Total assets less current liabilities | — | — | — | — | £803,282 | £993,768 | |
| Net assets | — | — | — | — | £638,975 | £971,666 | |
| Equity | £322,136 | £869,973 | £839,095 | £875,555 | £638,975 | £971,666 | |
| Average employees | — | — | — | — | — | 8 | |
| Wages | — | — | — | — | £1,128,187 | £858,421 |
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 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 2.1% | 3.5% | |
| Net margin | — | — | — | — | 1.6% | 2.8% | |
| Return on capital employed | — | — | — | — | 147.1% | 177.3% | |
| Interest cover | — | — | — | — | 472.21x | 2727.85x |
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
- Nichols & Co (Accountancy) Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“We draw attention to Note 18 in the financial statements, which discusses the ongoing COVID-19 pandemic and the conflict in Ukraine. These events, along with other matters as set forth in Note 18, indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.”
Significant events
- “COVID-19 pandemic”
- “War in Ukraine”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SIRINEL, Alla | Secretary | 2018-10-03 | — | — |
| CHERNIKOV, Yuri | Director | 2026-04-23 | Mar 1982 | Belarusian |
| GANUSIEWICZ, Mikołaj | Director | 2021-07-15 | Mar 1986 | Polish |
| OSTARHOV, Maksim | Director | 2019-08-19 | Jan 1977 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FITZGERALD, Marina | Secretary | 2016-09-28 | 2018-09-26 |
| STSEFANOVICH, Alexandra | Secretary | 2014-05-01 | 2016-09-28 |
| VIRKOVSKAYA, Larysa | Secretary | 2011-05-24 | 2013-08-01 |
| VIRKOVSKI, Alexander | Secretary | 2006-08-24 | 2011-05-24 |
| CHERNIKOV, Yuri | Director | 2017-01-01 | 2026-04-16 |
| HVARDZEITSAVA, Iryna | Director | 2006-08-24 | 2026-04-05 |
| VIRKOUSKI, Alexander | Director | 2007-05-30 | 2007-08-16 |
| VIRKOUSKI, Valery, Dr | Director | 2008-10-29 | 2013-08-01 |
| VIRKOVSKI, Valeri, Dr | Director | 2007-05-17 | 2007-05-30 |
| RESEARCH PROGRAMMES GROUP | Corporate Director | 2007-08-16 | 2009-02-02 |
| RESEARCH PROGRAMMES LTD | Corporate Director | 2006-08-24 | 2007-05-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Itransition Holdco Limited | Corporate entity | Shares 75–100% | 2024-12-17 | Active |
| Mr Vadim Uzberg | Individual | Shares 50–75% | 2024-07-19 | Ceased 2024-12-17 |
| Itransition Holding Ltd | Legal person | Shares 75–100% | 2018-05-24 | Ceased 2024-07-19 |
| Mr Sergey Gvardeitsev | Individual | Shares 25–50% | 2016-04-06 | Ceased 2024-12-17 |
| Mr Sergey Gvardeitsev | Individual | Shares 75–100% | 2016-04-06 | Ceased 2018-05-24 |
Filing timeline
Last 20 of 106 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-23 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-16 | CH01 | officers | Change person director company with change date | |
| 2026-04-16 | CH01 | officers | Change person director company with change date | |
| 2026-04-16 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-16 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-02-11 | CH01 | officers | Change person director company with change date | |
| 2025-12-16 | CH01 | officers | Change person director company with change date | |
| 2025-12-16 | CH01 | officers | Change person director company with change date | |
| 2025-12-16 | CH01 | officers | Change person director company with change date | |
| 2025-06-24 | AA | accounts | Accounts with accounts type full | |
| 2025-06-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-17 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-12-17 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-12-17 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-11-28 | CH01 | officers | Change person director company with change date | |
| 2024-08-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-08-08 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-07-26 | AA | accounts | Accounts with accounts type full | |
| 2024-05-31 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
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
-8.5%
£55,543,182 £50,845,433
-
Cash
+35.2%
£5,497,709 £7,431,273
-
Net assets
+52.1%
£638,975 £971,666
-
Employees
—
Not reported
-
Operating profit
+49.1%
£1,181,942 £1,762,192
-
Profit before tax
+56%
£1,200,247 £1,872,586
-
Wages
-23.9%
£1,128,187 £858,421
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