INSTANT OFFICES (BIDCO) LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

KPMG

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have determined that preparing these financial statements on the going concern basis is appropriate due to the continued financial support of the parent company Ibiza Holdings Limited (together with its subsidiaries referred to as the "the Group"). The Directors' going concern assessment covers the period 12 months from the date of the auditor's report and confirmation has been received that Ibiza Holdings Limited, a group company, will support the Company until this date.”

Group structure

1. INSTANT OFFICES (BIDCO) LIMITED · parent
   1. Instant Offices Limited 1% · UK
   2. Instant Managed Offices Limited 1% · UK
   3. Instant Offices Holding Inc. 1% · USA
   4. Instant Offices (RE) LLC 1% · USA
   5. Instant Offices Australia Pty Ltd 1% · Australia
   6. Instant Offices GmbH 1% · Germany
   7. Instant Offices Hong Kong Limited 1% · Hong Kong
   8. Instant Offices Singapore Private Limited 1% · Singapore
   9. Instant Managed Offices Malaysia Sdn. Bhd. 1% · Malaysia
   10. Instant Offices Kft. 1% · Hungary
   11. Instant Offices B.V. 1% · Netherlands
   12. Instant Offices S.L. 1% · Spain
   13. Instant Offices Sweden AB 1% · Sweden
   14. Instant Offices SARL 1% · France
   15. Instant Managed Offices Philippines Inc 1% · Philippines
   16. Instant Offices Philippines Inc 1% · Philippines
   17. Instant Offices S.R.O. 1% · Czech Republic
   18. Instant Managed Offices China Limited 1% · China
   19. Instant Offices Business Solutions India Private Limited 1% · India
   20. Instant Offices NZ Ltd 1% · New Zealand
   21. Instant Managed Offices South Africa (PTY) Ltd 1% · South Africa
   22. Objektia AB 0.732% · Sweden
   23. Property Solutions Africa Proprietary Limited 1% · South Africa
   24. S Tower Prime Centre Ltd 1% · South Korea
   25. Worka Limited 1% · UK
   26. Navigate Property Consulting Ptd Ltd 1% · Australia
   27. Instant Newco OS, LLC 1% · USA
   28. Instant Offices (Thailand) Co., Ltd 1% · Thailand
   29. Worka Instant Offices Mexico, S.A. de C.V 1% · Mexico
   30. Worka Instant Offices Mexico Two, S.A de C.V 1% · Mexico

Significant events

• “On 8 March 2022 the ultimate parent company of the Company, Green Topco Limited, and its subsidiaries (collectively, "Instant Group") were acquired by Ibiza Holdings Limited. Ibiza Holdings Limited is owned and controlled by IWG plc.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  -0.5%

  -£17,543,000 → -£17,630,000

• Employees

  -25%

  4 → 3

• Operating profit

  -6.1%

  -£82,000 → -£87,000

• Profit before tax

  -6.1%

  -£82,000 → -£87,000

• Wages

  0%

  £60,000 → £60,000

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