TELEFÓNICA TECH UK BUSINESS APPLICATIONS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-22 (in 6mo)
Last made up 2025-11-08
Watchouts
Cash
£6M
+554.7% vs 2021
Net assets
£7M
+79.4% vs 2021
Employees
146
+28.1% vs 2021
Profit before tax
£3M
+92.9% vs 2021
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 4 times since incorporation — the current trading name was adopted 2024-07-29
- TELEFÓNICA TECH UK BUSINESS APPLICATIONS LIMITED 2024-07-29 → present
- INCREMENTAL GROUP LIMITED 2017-01-17 → 2024-07-29
- FIRST EBUSINESS SOLUTIONS LIMITED 2000-03-31 → 2017-01-17
- VALSTAR SYSTEMS LIMITED 1990-11-29 → 2000-03-31
- ISANDCO ONE HUNDRED AND EIGHTY-THREE LIMITED 1990-09-07 → 1990-11-29
Net assets
4-year trend · vs Technology median
Accounts
4-year trend · latest reflected 2022-03-31
Latest accounts filed cover 2024-12-31; financial figures currently reflect up to 2022-03-31.
| Metric | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £14,564,882 | £16,052,324 | |
| Operating profit | — | — | £1,524,403 | £2,935,835 | |
| Profit before tax | — | — | £1,521,827 | £2,935,835 | |
| Net profit | — | — | £2,191,097 | £2,983,470 | |
| Cash | — | — | £992,724 | £6,499,797 | |
| Total assets less current liabilities | — | — | £3,766,000 | £6,813,862 | |
| Net assets | — | — | £3,757,856 | £6,741,326 | |
| Equity | £2,873,334 | £1,566,759 | £3,757,856 | £6,741,326 | |
| Average employees | — | — | 114 | 146 | |
| Wages | — | — | £5,447,747 | £7,678,943 |
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 | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | 10.5% | 18.3% | |
| Net margin | — | — | 15.0% | 18.6% | |
| Return on capital employed | — | — | 40.5% | 43.1% | |
| Interest cover | — | — | 591.77x | — |
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
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company has prepared the financial statements on a going concern basis. The directors believe it is reasonable to assume that the company will have adequate resources for a period 12 months (the "Assessment period") from the date of approval of these financial statements, to discharge its obligations as they fall due. In reaching their conclusion the directors have considered the following. The company is forecasting operating losses and negative cash flows throughout the assessment period and therefore the company expects to need access to additional funding through the going concern period. Accordingly, the directors have received confirmation from the company's parent undertaking, Telefónica Tech UK & Ireland Limited (TTUK&I), that it will provide financial support to enable the company to meet its liabilities as they fall due for at least 12 months from the date of approval of these financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BROOKES, Christopher | Director | 2025-04-02 | Dec 1986 | British |
| BULLERWELL, Martyn | Director | 2025-10-07 | Jul 1982 | British |
| COLCHERO PAETZ, Diego | Director | 2022-09-30 | Feb 1973 | Spanish |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| NICOL, Sheena Mary | Secretary | 1997-12-16 | 2000-09-01 |
| STEWART, Jim Forrest | Secretary | 1996-07-01 | 1997-12-16 |
| BURNESS PAULL LLP | Corporate Secretary | 2014-05-12 | 2023-07-19 |
| IAIN SMITH & COMPANY | Corporate Nominee Secretary | 1990-09-07 | 1996-07-01 |
| PAULL & WILLIAMSONS | Corporate Secretary | 2000-09-01 | 2009-04-06 |
| PAULL & WILLIAMSONS LLP | Corporate Secretary | 2009-04-06 | 2014-05-12 |
| BOOKER, Bernard | Director | 1990-11-22 | 2016-11-29 |
| BURNETT, Brian John | Director | 1990-11-22 | 1998-01-27 |
| DINSDALE, Raymond | Director | 1993-03-26 | 1996-06-24 |
| DONNELLY, Craig | Director | 2016-11-29 | 2022-09-30 |
| GARGAN, Jeffrey Lawrence | Director | 1994-08-15 | 1998-01-27 |
| GORTON, Mark | Director | 2022-10-27 | 2025-08-11 |
| JOHNSTON, Jane Margaret | Director | 2014-11-01 | 2016-11-29 |
| KERR, Stuart James | Director | 2016-11-29 | 2022-09-30 |
| LOGAN, Neil Paterson | Director | 2016-11-29 | 2023-03-29 |
| MCANDREW, George Gordon | Director | 1991-01-28 | 1993-03-26 |
| MURRAY, Gordon | Director | 1990-11-22 | 2016-02-24 |
| ROBERTS, Andrew | Director | 2001-05-01 | 2016-11-29 |
| ROXBURGH, Roy | Nominee Director | 1990-09-07 | 1991-09-07 |
| SKELTON, Mark Christopher | Director | 2023-01-17 | 2023-06-09 |
| TOUGH, Alan James | Director | 1990-11-22 | 1997-06-30 |
| WARK, Jamie | Director | 2023-06-26 | 2025-03-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Telefónica Tech Uk & Ireland Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-01-22 | Active |
| Incremental Group Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-05-03 | Ceased 2026-01-22 |
| Valstar Group Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2017-05-03 |
Filing timeline
Last 20 of 199 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-07-29 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-27 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-01-26 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-01-08 | AA | accounts | Accounts with accounts type full | |
| 2025-11-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-12 | CH01 | officers | Change person director company with change date | |
| 2025-10-31 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-10-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-22 | AA | accounts | Accounts with accounts type full | |
| 2024-11-19 | CH01 | officers | Change person director company with change date | |
| 2024-11-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-29 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-05-16 | AA | accounts | Accounts with accounts type full | |
| 2024-05-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-21 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-06-26 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-06 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 1
- 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
FY2021 → FY2022 · period ending 2022-03-31 vs 2021-03-31
-
Turnover
+10.2%
£14,564,882 £16,052,324
-
Cash
+554.7%
£992,724 £6,499,797
-
Net assets
+79.4%
£3,757,856 £6,741,326
-
Employees
+28.1%
114 146
-
Operating profit
+92.6%
£1,524,403 £2,935,835
-
Profit before tax
+92.9%
£1,521,827 £2,935,835
-
Wages
+41%
£5,447,747 £7,678,943
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers