INVESTMENT COMPANY 24 BIDCO LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-14 (in 5mo)
Last made up 2025-09-30
Watchouts
None on the register
Cash
£33M
-11.5% vs 2023
Net assets
£512M
-5.1% vs 2023
Employees
2,918
+6.5% vs 2023
Profit before tax
-£28M
-19.3% vs 2023
Name history
Renamed 1 time since incorporation
- INVESTMENT COMPANY 24 BIDCO LIMITED 2022-04-14 → present
- VALOR BIDCO LIMITED 2022-04-12 → 2022-04-14
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 | £296,884,364 | £307,915,898 | |
| Operating profit | £7,107,871 | £7,961,046 | |
| Profit before tax | -£23,220,778 | -£27,713,482 | |
| Net profit | -£23,616,351 | -£22,712,902 | |
| Cash | £37,492,266 | £33,171,031 | |
| Total assets less current liabilities | £872,581,424 | £877,040,686 | |
| Net assets | £539,856,125 | £512,284,363 | |
| Equity | £539,856,125 | £512,284,363 | |
| Average employees | 2,739 | 2,918 | |
| Wages | £184,986,537 | £176,327,978 |
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 | 2.4% | 2.6% | |
| Net margin | -8.0% | -7.4% | |
| Return on capital employed | 0.8% | 0.9% | |
| Gearing (liabilities / total assets) | 42.1% | 45.0% | |
| Current ratio | 1.55x | 1.77x | |
| Interest cover | 0.23x | 0.22x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young
- 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”
Group structure
- INVESTMENT COMPANY 24 BIDCO LIMITED · parent
- Sionnach Limited 100%
- Tomas Limited 100%
- Version 1 Holdings Limited 100%
- Version1 Software Limited 100%
- Version 1 Software UK Limited 100%
- Version 1 Solutions Limited 100%
- Version 1 Services Private Limited 100%
- Version 1 Technology Limited 100%
- Version 1 Technology Spain SL 100%
- Version 1 Technology US Inc 100%
- Evoco Digital Services Limited 100%
- Instinctive Business Intelligence Limited 100%
- Qubix International Limited 100%
- Qubix Consulting Private Limited 100%
- Version 1 US Inc (formerly Qubix Inc) 100%
- Version 1 Pty Limited (formerly Qubix Pty Limited) 100%
- Version 1 Svetovanje d o o (formerly Qubix d o o) 100%
- Automation Logic Limited 100%
- Sixtyone Holdings Limited 100%
- Farsight Consulting Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COONEY, Patrick Francis | Director | 2025-06-09 | Apr 1976 | Irish |
| SINGH, Roopinder | Director | 2025-06-09 | Jan 1965 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| INTERTRUST (UK) LIMITED | Corporate Secretary | 2022-04-12 | 2023-08-09 |
| LAHIFF, Louise Christina, Mrs. | Director | 2022-07-13 | 2025-06-09 |
| LEOPOLD-METZGER, Jeremy Charles | Director | 2022-04-15 | 2022-07-13 |
| O'CONNOR, Thomas Anthony, Mr. | Director | 2022-07-13 | 2024-11-08 |
| SMITH, Simon Alexander, Mr. | Director | 2022-04-12 | 2022-07-13 |
| VISSER, Maarten Pieter | Director | 2022-04-15 | 2022-07-13 |
| INTERTRUST (UK) LIMITED | Corporate Director | 2022-04-12 | 2022-07-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Vesta Topco Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2022-05-12 | Ceased 2022-05-12 |
| Vesta Midco Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2022-05-12 | Active |
| Pg Investment Company 24 S.A R.L. | Corporate entity | Shares 75–100%, Voting 75–100% | 2022-04-12 | Ceased 2022-05-12 |
Filing timeline
Last 20 of 43 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-29 | AA | accounts | Accounts with accounts type group | |
| 2025-09-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-16 | CH04 | officers | Change corporate secretary company | |
| 2024-11-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-15 | AA | accounts | Accounts with accounts type group | |
| 2024-10-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-11 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-01-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-11-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-06 | AA | accounts | Accounts with accounts type group | |
| 2023-09-13 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-09-13 | ANNOTATION | miscellaneous | Legacy | |
| 2023-06-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-08-23 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 1
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
+3.7%
£296,884,364 £307,915,898
-
Cash
-11.5%
£37,492,266 £33,171,031
-
Net assets
-5.1%
£539,856,125 £512,284,363
-
Employees
+6.5%
2,739 2,918
-
Operating profit
+12%
£7,107,871 £7,961,046
-
Profit before tax
-19.3%
-£23,220,778 -£27,713,482
-
Wages
-4.7%
£184,986,537 £176,327,978
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