IPSUM POWER (LICENSED NETWORKS) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-07 (in 9mo)
Last made up 2026-01-24
Watchouts
None on the register
Cash
£917K
+108.9% vs 2023
Net assets
£209K
+164% vs 2023
Employees
101
-11.4% vs 2023
Profit before tax
£517K
+119% vs 2023
Name history
Renamed 1 time since incorporation
- IPSUM POWER (LICENSED NETWORKS) LIMITED 2020-12-29 → present
- STORMPORT PROFESSIONAL SERVICES LIMITED 2009-01-30 → 2020-12-29
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 | £13,776,864 | £16,585,326 | |
| Operating profit | -£2,712,781 | £545,087 | |
| Profit before tax | -£2,714,700 | £516,797 | |
| Net profit | -£2,722,824 | £534,840 | |
| Cash | £439,164 | £917,283 | |
| Total assets less current liabilities | -£286,447 | £230,350 | |
| Net assets | -£326,090 | £208,750 | |
| Equity | -£326,090 | £208,750 | |
| Average employees | 114 | 101 | |
| Wages | £5,612,991 | £5,365,309 |
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 | -19.7% | 3.3% | |
| Net margin | -19.8% | 3.2% | |
| Return on capital employed | 947.0% | 236.6% | |
| Current ratio | 0.90x | 0.98x | |
| Interest cover | -1413.64x | 19.27x |
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
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have prepared the accounts on a going concern basis. The Company's ultimate parent has provided confirmation of financial support and there will be no demand to repay intercompany balances within the next twelve months. Auditors concluded that the Directors' use of the going concern basis is appropriate and identified no material uncertainties.”
Significant events
- “Throughout FY24 Ipsum has continued to grow through both organic and inorganic activities. Existing relationships have been strengthened, and this has been demonstrated through the development of new work streams and existing contracts being extended. Growth has also come from a number of acquisitions which have taken place during the year. These strategic acquisitions have enabled Ipsum to further its geographical reach and enhance its offering to customers.”
- “Indeed, four acquisitions took place during 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COWAN, Andrew David | Director | 2024-10-14 | Oct 1966 | British |
| MAXWELL, Lee | Director | 2022-02-14 | May 1973 | British |
| VAUGHAN, Mathew Gareth | Director | 2022-10-27 | Dec 1976 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PRICE BAILEY LLP | Corporate Secretary | 2009-01-30 | 2009-01-30 |
| FERNIE, Greg Nicholas Louden | Director | 2019-04-26 | 2020-01-04 |
| FULTON, Lynne | Director | 2019-04-26 | 2020-11-27 |
| HULYER, Peter Graham | Director | 2010-04-01 | 2021-04-15 |
| JAMES, Steven | Director | 2017-02-08 | 2022-04-29 |
| SHARDLOW, Susan | Director | 2021-03-25 | 2022-12-31 |
| STONE, Richard John | Director | 2012-11-05 | 2020-05-01 |
| THOMAS, Richard David | Director | 2020-09-01 | 2024-10-31 |
| WOOD, Nicola Louise | Director | 2012-11-05 | 2020-07-24 |
| WRIGHT, Stephen Reginald Thomas | Director | 2009-01-30 | 2019-04-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ipsum Utilities Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-04-26 | Active |
| Mr Stephen Reginald Thomas Wright | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-04-06 | Ceased 2019-04-26 |
| Mr Peter Graham Hulyer | Individual | Significant influence | 2016-04-06 | Ceased 2016-04-06 |
| Mr Richard John Stone | Individual | Significant influence | 2016-04-06 | Ceased 2016-04-06 |
| Mrs Nicola Louise Wood | Individual | Significant influence | 2016-04-06 | Ceased 2016-04-06 |
Filing timeline
Last 20 of 89 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-02 | AA | accounts | Accounts with accounts type full | |
| 2025-01-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-11 | AA | accounts | Accounts with accounts type full | |
| 2024-01-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-13 | AA | accounts | Accounts with accounts type full | |
| 2023-06-26 | AD02 | address | Change sail address company with old address new address | |
| 2023-05-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-05-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-01-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-11 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-29 | AA | accounts | Accounts with accounts type full | |
| 2022-11-01 | AP01 | officers | Appoint person director company with name date | |
| 2022-05-13 | TM01 | officers | Termination director company with name termination date | |
| 2022-02-16 | AP01 | officers | Appoint person director company with name date | |
| 2022-02-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-27 | AD03 | address | Move registers to sail company with new address | |
| 2022-01-27 | AD02 | address | Change sail address company with new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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
+20.4%
£13,776,864 £16,585,326
-
Cash
+108.9%
£439,164 £917,283
-
Net assets
+164%
-£326,090 £208,750
-
Employees
-11.4%
114 101
-
Operating profit
+120.1%
-£2,712,781 £545,087
-
Profit before tax
+119%
-£2,714,700 £516,797
-
Wages
-4.4%
£5,612,991 £5,365,309
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