IPSUM DRAINAGE (SCOTLAND) LIMITED

1. IPSUM DRAINAGE (SCOTLAND) LIMITED 2020-12-29 → present
2. EEG UTILITIES LIMITED 2013-04-23 → 2020-12-29
3. DCS UTILITIES LIMITED 2012-07-24 → 2013-04-23
4. EEG UTILITIES LIMITED 2012-07-19 → 2012-07-24
5. DCS UTILITIES LIMITED 2009-03-30 → 2012-07-19
6. ENSCO 266 LIMITED 2009-03-12 → 2009-03-30

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

Forvis Mazars LLP

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. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “Throughout FY24 Ipsum has continued to grow through both organic and inorganic activities. Existing relationships have been strengthened, and this has been demonstrated through the development of new work streams and existing contracts being extended. Growth has also come from a number of acquisitions which have taken place during the year. These strategic acquisitions have enabled Ipsum to further its geographical reach and enhance its offering to customers.”

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

Filings

2

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

  -6.2%

  £9,009,391 → £8,449,552

• Cash

  +80%

  £331,886 → £597,401

• Net assets

  -23.7%

  £5,395,592 → £4,119,377

• Employees

  -13.3%

  120 → 104

• Operating profit

  -313.7%

  -£324,457 → -£1,342,345

• Profit before tax

  -288.6%

  -£375,273 → -£1,458,481

• Wages

  -5.8%

  £3,972,153 → £3,742,865

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