IPP HOLDINGS (EUROPE) LIMITED
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Next accounts due
2026-09-28 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-04 (in 1mo)
Last made up 2025-05-21
Watchouts
Cash
£3M
Latest balance sheet
Net assets
£16M
Equity attributable
Employees
115
Average over period
Profit before tax
£1M
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
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 | £36,432,079 | £31,128,862 | |
| Operating profit | £355,177 | £1,726,963 | |
| Profit before tax | -£214,647 | £1,208,705 | |
| Net profit | £401,052 | £449,629 | |
| Cash | £1,981,510 | £2,750,152 | |
| Total assets less current liabilities | £16,093,686 | £16,976,142 | |
| Net assets | £15,362,787 | £15,943,813 | |
| Equity | £15,362,787 | £15,943,813 | |
| Average employees | 88 | 115 | |
| Wages | £3,972,809 | £3,189,177 |
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 | 1.0% | 5.5% | |
| Net margin | 1.1% | 1.4% | |
| Return on capital employed | 2.2% | 10.2% | |
| Current ratio | 1.70x | 1.64x | |
| Interest cover | 0.62x | 3.33x |
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
- Consolidated group
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Qualified
- Going concern
- Affirmed
“Based on the factors outlined above, the directors have a reasonable expectation that the group and company has adequate resources to continue in operational existence for at least 12 months from the date of signing of the financial statements and therefore adopt the going concern basis of accounting in preparing these financial statements.”
Group structure
- IPP HOLDINGS (EUROPE) LIMITED · parent
- IPP Linvic Engineering Limited 100%
- IPP Forging Limited 100%
- IPP Mardale Limited 100%
- Integral Pressure Connections Limited 100%
- IPP Scomark Engineering Limited 100%
- Scomark Pipe-fittings International Limited 100%
- IPP Specialised Machine Services Limited 100%
- IPP (Carbon & Alloy) Ltd 100%
- International Piping Products (East Coast) Pty Ltd 100%
- IPP Stainless Steel Fasteners Limited 100%
- IPP Van Triel Limited 100%
- IPP Accura Supply Limited 100%
- IPP Property Holdings Limited 100%
- International Piping Products (Europe) Limited 100%
- IPP Plant & Equipment Leasing Limited 100%
- IPP Stock Holdings Limited 100%
- IPP Scomark (Europe) Limited 100%
- IPP (Europe) Limited 100%
- IPP (Aberdeen) Limited 70%
- IPP-LEDA Limited 70%
- PP Scomark Holdings Limited 100%
- IPP Scomark Limited 90%
- IPP Scomark Singapore Pte Ltd 70%
Significant events
- “The prior year accounting period has been extended during the period to cover 18 months, therefore the comparatives in the financial statements are not comparable.”
- “On 17 December 2024, the group acquired 100% of the share capital IPP Scomark Holdings limited, the holding company for the IPP Scomark group of companies, also consisting of:IPP Scomark LimitedIPP Scomark Singapore Pte Limited”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WINNARD, Mark | Secretary | 2018-12-03 | — | — |
| AYRES, Jared | Director | 2018-12-03 | Dec 1967 | British |
| RIDDELL, Victoria Sarah | Director | 2023-03-06 | Jan 1986 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PENMAN, Mark Anderson | Director | 2019-04-01 | 2022-10-18 |
| RODGER, Alan Mcintosh | Director | 2018-12-03 | 2019-10-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ipp Global Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-12-18 | Active |
| Mr Jared Ayres | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-12-03 | Ceased 2024-12-18 |
Filing timeline
Last 20 of 34 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-31 | SH01 | capital | Capital allotment shares | |
| 2025-12-31 | SH01 | capital | Capital allotment shares | |
| 2025-08-04 | PARENT_ACC | accounts | Legacy | |
| 2025-07-29 | AA | accounts | Accounts with accounts type group | |
| 2025-06-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-02 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-01-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-01-02 | SH01 | capital | Capital allotment shares | |
| 2024-11-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-12 | AA | accounts | Accounts with accounts type group | |
| 2024-09-27 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-11-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-19 | AA01 | accounts | Change account reference date company current extended | |
| 2023-06-09 | AA | accounts | Accounts with accounts type group | |
| 2023-03-07 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-10 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-01-11 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-11-02 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 3
- 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