IVC GROUP LIMITED

1. IVC GROUP LIMITED 2018-03-23 → present
2. MODULEO LIMITED 2012-02-20 → 2018-03-23

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

BDO Northern Ireland

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In adopting the going concern basis for preparing these financial statements, the directors have considered the business activities, the principal risks and uncertainties and the other matters that could threaten the long-term financial stability of the company. The directors expect that the company will have sufficient funds, through the ongoing availability of funds under the group's cash pooling to meet its liabilities as they fall due for that period. This assessment is dependent on Mohawk International Holdings Sarl not seeking repayment of the amounts currently due to the group which at 31 December 2024 amounted to £983,100 and providing additional financial support during that period. Mohawk International Holdings Sarl has indicated its intention to continue to make available such funds as are needed by the company, and that it does not intend to seek repayment of the amounts due at the balance sheet date, for a period of at least 12 months from approval of the financial statements. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so. Consequently, the directors are confident that the company 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 and therefore have prepared the financial statements on a going concern basis.”

Significant events

• “As geo-political frictions and difficult macroeconomic circumstances persisted in 2024, consumer confidence remained low. Customers continued to postpone larger investments, so new build & remodelling markets remained weak. Sheet vinyl outperformed other product categories given its lower consumer price point. Sharpest decline is seen in LVT due to continued price pressure from Asian imports. Price remains an important driver of volume.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  +9.7%

  £10,704,000 → £11,740,000

• Cash

  -100%

  £59,000 → £0

• Net assets

  +11.1%

  £6,028,000 → £6,697,000

• Employees

  —

  Not reported

• Operating profit

  +15.1%

  £930,000 → £1,070,000

• Profit before tax

  +31.7%

  £774,000 → £1,019,000

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