IDV DEFENCE VEHICLES UK LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-17 (this month)
Last made up 2025-05-03
Watchouts
Cash
£0
Latest balance sheet
Net assets
-£5M
Equity attributable
Employees
25
Average over period
Profit before tax
-£3M
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.
Name history
Renamed 2 times since incorporation
- IDV DEFENCE VEHICLES UK LTD 2026-01-27 → present
- IDV ROBOTICS LIMITED 2023-09-06 → 2026-01-27
- MIRA UGV LIMITED 2022-07-26 → 2023-09-06
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 | £2,102,285 | £1,385,644 | |
| Operating profit | -£3,833,787 | -£2,957,358 | |
| Profit before tax | -£3,945,486 | -£3,278,966 | |
| Net profit | -£2,959,114 | -£2,441,175 | |
| Cash | £755,007 | £0 | |
| Total assets less current liabilities | -£400,985 | -£4,495,159 | |
| Net assets | -£2,542,113 | -£4,983,288 | |
| Equity | -£2,542,113 | -£4,983,288 | |
| Average employees | 22 | 25 | |
| Wages | £2,570,744 | £1,809,125 |
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 | -182.4% | -213.4% | |
| Net margin | -140.8% | -176.2% | |
| Return on capital employed | 956.1% | 65.8% | |
| Gearing (liabilities / total assets) | 155.4% | 214.8% | |
| Current ratio | 0.66x | 0.39x | |
| Interest cover | -34.32x | -9.20x |
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
- TC Group
- Audit opinion
- Qualified
- Going concern
- Affirmed
“The board of directors conclude that the Company is able to continue as a going concern for the going concern period, defined as the period ending June 2026. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.”
Significant events
- “On 17th April 2025, the minority shareholder of IDV Robotics Limited exercised a put option granted under a shareholders' agreement, requiring Iveco Defence Vehicles S.p.A to acquire the remaining 20% interest for £8.3 million.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BIANCHINI, Nazario | Director | 2025-06-27 | Jul 1973 | Italian |
| DAVIS, Geoffrey Maxwell | Director | 2022-08-09 | Jul 1976 | British |
| FICARA, Mauro | Director | 2025-06-27 | Sep 1974 | Italian |
| MALONEY, Andrew Philip | Director | 2026-01-16 | Apr 1971 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DEMARTINI, Giandomenico | Director | 2023-02-01 | 2025-06-27 |
| HOPKINS, Roisin | Director | 2024-01-02 | 2025-04-28 |
| MCCARTHY, Simon Marc | Director | 2023-02-01 | 2024-01-02 |
| NATHAN, Timothy Paul | Director | 2022-07-26 | 2023-02-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Iveco Group N.V. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-02-01 | Active |
| Horiba Mira Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-07-26 | Ceased 2023-02-01 |
Filing timeline
Last 20 of 29 total filings
Material constitutional events — rename, articles re-file, resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-23 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-27 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-11-10 | SH01 | capital | Capital allotment shares | |
| 2025-07-22 | AA | accounts | Accounts with accounts type full | |
| 2025-07-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-06 | MA | incorporation | Memorandum articles | |
| 2025-05-06 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-21 | AA | accounts | Accounts with accounts type full | |
| 2024-01-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-08 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-06 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-08-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-02-10 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-02-10 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2023-02-08 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 1
- Officers appointed
- 3
- 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