IQA OPERATIONS GROUP LIMITED

1. IQA OPERATIONS GROUP LIMITED 2009-12-11 → present
2. IQA UTILITIES LTD. 2005-05-05 → 2009-12-11
3. INDEPENDENT QUALITY ASSURANCE LTD 2002-08-09 → 2005-05-05

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

RBK Audit UK Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Having reviewed all the information available to them, the directors consider that it is appropriate to prepare these accounts on a going concern basis. Additionally, the company managed to generate a positive cash flow due to the positive margins and this allowed the parent company to take a loan in foreign currency from the company. The directors have analysed the impact of current economic environment, high inflation and interest rates and considering all the available information for at least 12 months from the date of signing, have concluded that these circumstances do not have an adverse impact on the level of activity of the company during the going concern period. The directors have analysed the impact of the high inflation and interest rates in the company's cash flow and have considered that no additional financial resources are likely to be required.”

Significant events

• “Turnover for the year increased by 18.9%, however, company revenue increased in the electrical business unit but decreased significantly in the international projects in Angola.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +18.9%

  £29,097,462 → £34,589,462

• Cash

  +77%

  £2,568,833 → £4,546,987

• Net assets

  +3.2%

  £8,056,420 → £8,317,260

• Employees

  -9.7%

  216 → 195

• Operating profit

  -59.8%

  £3,482,597 → £1,398,363

• Profit before tax

  -53%

  £3,751,559 → £1,761,608

• Wages

  +14.2%

  £9,158,944 → £10,463,904

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