11:11 SYSTEMS UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-24 (in 4mo)
Last made up 2025-09-10
Watchouts
None on the register
Cash
£998K
-24% lowest in 3 filed years
Net assets
£10M
+8.3% highest in 3 filed years
Employees
65
-1.5% vs 2023
Profit before tax
£1M
+1,168% vs 2023
Name history
Renamed 1 time since incorporation
- 11:11 SYSTEMS UK LIMITED 2025-01-10 → present
- ILAND EUROPE LIMITED 2007-09-10 → 2025-01-10
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 | — | £11,590,781 | — | — | — | — | |
| Operating profit | — | £2,409,336 | — | — | — | — | |
| Profit before tax | — | £2,300,986 | — | — | £101,340 | £1,284,974 | |
| Net profit | — | £1,805,135 | — | — | £101,340 | £798,905 | |
| Cash | — | £1,951,371 | — | — | £1,314,187 | £998,218 | |
| Total assets less current liabilities | — | £4,785,461 | — | — | £11,522,770 | £12,265,161 | |
| Net assets | — | £3,696,697 | — | — | £9,602,053 | £10,400,958 | |
| Equity | £1,891,562 | £3,696,697 | — | — | £9,602,053 | £10,400,958 | |
| Average employees | — | 33 | — | — | 66 | 65 | |
| Wages | — | £3,030,684 | — | — | £6,914,821 | £7,032,256 |
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 | — | 20.8% | — | — | — | — | |
| Net margin | — | 15.6% | — | — | — | — | |
| Return on capital employed | — | 50.3% | — | — | — | — | |
| Interest cover | — | 17.52x | — | — | — | — |
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
- Kirk Rice 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
- “Turnover increased by 21% due to new customers, increased storage needs, and price increases. Gross profit margin decreased from 75% to 69% due to the reallocation of Datacenter cost to cost of sales. An intercompany loan for a large expansion project was repaid in the current year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DIAMOND, Brett Edward | Director | 2021-12-23 | Apr 1977 | American |
| SHALHOUB, Mark | Director | 2025-08-27 | Oct 1977 | American |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| USSHER, Eduardo Brian | Secretary | 2007-09-10 | 2021-12-23 |
| JPCORS LIMITED | Corporate Secretary | 2007-09-10 | 2007-09-10 |
| BAUM, Andrew James | Director | 2021-12-23 | 2025-08-27 |
| EMMERT, Jonathan Adam | Director | 2021-12-23 | 2025-08-27 |
| SPARVERO, Scott Robert | Director | 2007-09-10 | 2021-12-23 |
| USSHER, Eduardo Brian | Director | 2007-09-10 | 2021-12-23 |
| JPCORD LIMITED | Corporate Director | 2007-09-10 | 2007-09-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Scott Robert Sparvero | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2021-12-23 |
| Mr Eduardo Brian Ussher | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2021-12-23 |
Filing timeline
Last 20 of 65 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-01-10 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-08 | CH01 | officers | Change person director company with change date | |
| 2025-09-15 | AA | accounts | Accounts with accounts type full | |
| 2025-08-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-10 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-09-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-24 | AA | accounts | Accounts with accounts type full | |
| 2023-09-15 | AA | accounts | Accounts with accounts type full | |
| 2023-09-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-26 | AA | accounts | Accounts with accounts type full | |
| 2022-09-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-04 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2022-01-04 | CH01 | officers | Change person director company with change date | |
| 2022-01-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-01-04 | CH01 | officers | Change person director company with change date | |
| 2022-01-04 | AP01 | officers | Appoint person director company with name date | |
| 2022-01-04 | AP01 | officers | Appoint person director company with name date | |
| 2022-01-04 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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
—
Not reported
-
Cash
-24%
£1,314,187 £998,218
lowest in 3 filed years
-
Net assets
+8.3%
£9,602,053 £10,400,958
highest in 3 filed years
-
Employees
-1.5%
66 65
-
Profit before tax
+1,168%
£101,340 £1,284,974
-
Wages
+1.7%
£6,914,821 £7,032,256
highest in 3 filed years
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