ICA (JV) LTD
Get an alert when ICA (JV) LTD files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-13 (in 5mo)
Last made up 2025-09-29
Watchouts
None on the register
Cash
£20M
Latest balance sheet
Net assets
£37M
Equity attributable
Employees
248
Average over period
Profit before tax
£17M
Period ending 2024-12-31
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 | £42,532,000 | £54,085,000 | |
| Operating profit | £13,154,000 | £15,569,000 | |
| Profit before tax | £13,874,000 | £17,340,000 | |
| Net profit | £11,116,000 | £13,590,000 | |
| Cash | £14,670,000 | £19,862,000 | |
| Total assets less current liabilities | £33,481,000 | £42,181,000 | |
| Net assets | £23,109,000 | £36,598,000 | |
| Equity | £23,109,000 | £36,598,000 | |
| Average employees | 208 | 248 | |
| Wages | £9,912,000 | £10,992,000 |
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 | 30.9% | 28.8% | |
| Net margin | 26.1% | 25.1% | |
| Return on capital employed | 39.3% | 36.9% | |
| Gearing (liabilities / total assets) | 57.1% | 42.9% | |
| Current ratio | 1.11x | 1.43x | |
| Interest cover | 44.29x | 26.17x |
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
- UK-Adopted International Accounting Standards
- Reporting scope
- Consolidated group
- Auditor
- Rawlinson & Hunter Audit 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 group's or the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorized for issue.”
Group structure
- ICA (JV) LTD · parent
- ICA Eurasia FZ-LLC 100%
- Iteca Caspian LLC 100%
- Iteca Exhibitions LLC 100%
- Lentewenc Sp. Z o.o. (LLC) 72%
- I.T.E. Exhibitions & Conferences Limited 100%
- Iteca LLP 100%
- ICA Fuarcilik A.S. 100%
- ICA Build A.S. 100%
- ICA Beauty A.S. 100%
Significant events
- “ICA Events delivered £54.1m in revenue, representing a 27% increase on the prior year. This growth was driven by rising demand and continued organic expansion in events.”
- “Profit increased by 22% to £13.6m, driven by strong revenue growth and improved operating efficiency.”
- “Net assets increased by 58% to £36.6m, reflecting strong earnings retention, disciplined cost control, and effective reinvestment of profits.”
- “The group anticipates continued growth opportunities across its key markets in Central Asia, the Middle East, the Caspian Region, and Eastern Europe.”
- “The Turkish economy was designated as hyperinflationary from 1 July 2022.”
- “An increase in the UK corporation tax rate from 19% to 25% (effective from 1 April 2023) was announced in the March 2021 UK Budget Statement and this change was substantively enacted on 24 May 2021. From 1 June 2023, the United Arab Emirates raised corporation tax rates from 0% to 9%.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GRIFFITH, Nadezda | Director | 2021-05-24 | Oct 1981 | British |
| STRACHAN, Edward George Duncan | Director | 2018-08-03 | Nov 1964 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Edward George Duncan Strachan | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-08-03 | Active |
Filing timeline
Last 20 of 30 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-08 | CH01 | officers | Change person director company with change date | |
| 2025-07-17 | AA | accounts | Accounts with accounts type group | |
| 2024-10-07 | CH01 | officers | Change person director company with change date | |
| 2024-10-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-30 | AA | accounts | Accounts with accounts type group | |
| 2023-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-04 | AA | accounts | Accounts with accounts type group | |
| 2023-08-28 | CH01 | officers | Change person director company with change date | |
| 2023-08-28 | CH01 | officers | Change person director company with change date | |
| 2022-09-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-08-11 | AA | accounts | Accounts with accounts type group | |
| 2022-08-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-01 | CH01 | officers | Change person director company with change date | |
| 2021-12-29 | AA | accounts | Accounts with accounts type group | |
| 2021-08-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-09 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2021-07-07 | CH01 | officers | Change person director company with change date | |
| 2021-05-24 | AP01 | officers | Appoint person director company with name date | |
| 2020-10-15 | PSC04 | persons-with-significant-control | Change to a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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