IAG TRANSFORM LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-29 (in 3mo)
Last made up 2025-08-15
Watchouts
None on the register
Cash
£41M
+1,015.7% vs 2023
Net assets
-£6M
+32.5% vs 2023
Employees
774
-2.1% vs 2023
Profit before tax
£2M
-40.5% vs 2023
Name history
Renamed 1 time since incorporation
- IAG TRANSFORM LIMITED 2025-07-01 → present
- IAG GBS LIMITED 2014-08-15 → 2025-07-01
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 | £194,096,000 | £235,343,000 | |
| Operating profit | £2,400,000 | £1,138,000 | |
| Profit before tax | £2,900,000 | £1,725,000 | |
| Net profit | £2,206,000 | £1,245,000 | |
| Cash | £3,652,000 | £40,744,000 | |
| Total assets less current liabilities | -£8,196,000 | -£5,529,000 | |
| Net assets | -£8,196,000 | -£5,529,000 | |
| Equity | -£8,196,000 | -£5,529,000 | |
| Average employees | 791 | 774 | |
| Wages | £68,296,000 | £71,120,000 |
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 | 1.2% | 0.5% | |
| Net margin | 1.1% | 0.5% | |
| Return on capital employed | -29.3% | -20.6% | |
| Gearing (liabilities / total assets) | 104.4% | 103.0% | |
| Current ratio | 0.47x | 0.73x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Notwithstanding net current liabilities of £50,528,000 as at 31 December 2024, the financial statements for the year ended 31 December 2024 have been prepared on a going concern basis which the Directors consider to be appropriate for the following reasons.”
Group structure
- IAG TRANSFORM LIMITED · parent
- IAG GBS Poland Sp. z o.o. 99%
Significant events
- “During 2024 it was proposed to move away from the current outsourced finance transactional services provider and insource this work back into IAG GBS Poland.”
- “In alignment with British Airways, it was decided to TUPE IAG Transform employees who were 100% dedicated to supporting the British Airways Digital and Information Office onto British Airways employment contracts with effect from 1st October 2024.”
- “On 01 May 2024, the Company completed the sale of its UK Data Centre to British Airways. The sale price was £48,859,000 which equalled the asset's carrying value as at 30 April 2024.”
- “From 01 April 2024, the funding, strategic and administrative support that had previously been provided by Avios Group (AGL) Limited (branded as IAG 'Loyalty') to Connect is now being provided by IAG Transform.”
- “On 16 June 2025, IAG GBS Limited rebranded under the name of IAG Transform Limited. IAG Transform was selected as a new name based on it being a better alignment and fit to the current and future activities of the Company.”
- “The IT operating model, first proposed in 2023 has continued to be implemented through 2024 and 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DAVIES, Philippa | Director | 2022-05-19 | Mar 1985 | British |
| MORETON, Jeremy Richard | Director | 2020-03-26 | Oct 1977 | British |
| SACO IGLESIAS, Jorge | Director | 2023-07-27 | Nov 1969 | Spanish |
| SIERRA ALVAREZ, Salvador | Director | 2023-10-30 | May 1976 | Spanish |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| STRAVER, Luke Alexander Michael | Secretary | 2015-03-16 | 2020-07-07 |
| ADAM, Emma Alexandra | Director | 2020-03-26 | 2022-05-19 |
| CANDELA PEREZ, Fernando | Director | 2021-05-21 | 2023-07-27 |
| DAVIES, Sian Louise | Director | 2019-02-27 | 2020-03-26 |
| DAVIS, Zoe Faye | Director | 2020-03-26 | 2023-10-30 |
| DE TORRES ZABALA, Ignacio Maria | Director | 2014-08-15 | 2019-01-24 |
| FRANCIS, William John | Director | 2016-05-11 | 2019-12-12 |
| GIBBS, John Robert, Mr. | Director | 2019-12-12 | 2023-03-31 |
| GUNNING, Stephen William Lawrence | Director | 2018-05-03 | 2020-02-01 |
| HARRISON, Steven Joseph | Director | 2017-07-17 | 2018-02-22 |
| LIN, Marcia Yor Ing | Director | 2018-02-22 | 2020-03-26 |
| NAPIER, Rebecca Louise | Director | 2018-02-22 | 2019-02-27 |
| NORMAN, Daniel Charles | Director | 2015-03-16 | 2016-05-11 |
| PATTAR, Raghbir Singh | Director | 2016-05-11 | 2017-07-17 |
| WINSTANLEY, Jude | Director | 2020-02-01 | 2020-03-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| International Consolidated Airlines Group Sa | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 68 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-01 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-05 | SH01 | capital | Capital allotment shares | |
| 2025-09-22 | AA | accounts | Accounts with accounts type full | |
| 2025-08-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-01 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-10-11 | AA | accounts | Accounts with accounts type full | |
| 2024-09-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-11 | AA | accounts | Accounts with accounts type full | |
| 2024-01-04 | CH01 | officers | Change person director company with change date | |
| 2023-11-17 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-17 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-17 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-17 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-26 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-23 | AA | accounts | Accounts with accounts type full | |
| 2022-08-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-23 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-23 | AP01 | officers | Appoint person director company with name date | |
| 2021-10-21 | AA | accounts | Accounts with accounts type full | |
| 2021-09-17 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 1
- 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
+21.3%
£194,096,000 £235,343,000
-
Cash
+1,015.7%
£3,652,000 £40,744,000
-
Net assets
+32.5%
-£8,196,000 -£5,529,000
-
Employees
-2.1%
791 774
-
Operating profit
-52.6%
£2,400,000 £1,138,000
-
Profit before tax
-40.5%
£2,900,000 £1,725,000
-
Wages
+4.1%
£68,296,000 £71,120,000
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