IPECO HOLDINGS LIMITED
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Cash
£9.8m
+25.3% highest in 3 filed years
Net assets
£113m
+13% highest in 3 filed years
Employees
926
+0.5% highest in 3 filed years
Profit before tax
£12m
+271.3% vs 2024
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £108,262,000 | £119,667,000 | £115,298,000 | -3.7% | |
| Operating profit | £6,402,000 | £7,793,000 | £4,667,000 | -40.1% | |
| Profit before tax | £17,194,000 | £3,341,000 | £12,405,000 | +271.3% | |
| Net profit | £13,649,000 | £2,974,000 | £11,120,000 | +273.9% | |
| Cash | £4,911,000 | £7,815,000 | £9,790,000 | +25.3% | |
| Total assets less current liabilities | £106,400,000 | £108,948,000 | £115,340,000 | +5.9% | |
| Net assets | £97,442,000 | £99,944,000 | £112,925,000 | +13% | |
| Equity | £97,442,000 | £99,944,000 | £112,925,000 | +13% | |
| Average employees | 874 | 921 | 926 | +0.5% | |
| Wages | £30,284,000 | £33,114,000 | £34,112,000 | +3% | |
| Directors' remuneration | £752,000 | £717,000 | £740,000 | +3.2% | |
| Directors' pension contributions | £78,000 | £80,000 | £81,000 | +1.3% | |
| Highest paid director | £302,500 | £318,800 | £328,400 | +3% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 5.9% | 6.5% | 4.0% | |
| Net margin | 12.6% | 2.5% | 9.6% | |
| Return on capital employed | 6.0% | 7.2% | 4.0% | |
| Gearing (liabilities / total assets) | 20.3% | 22.2% | 16.0% | |
| Current ratio | 4.36x | 3.71x | 4.02x | |
| Interest cover | 54.72x | 1.73x | 15.10x |
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
- Consolidated group
- Auditor
- PKF Littlejohn 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 group's or parent 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.”
Group structure
- IPECO HOLDINGS LIMITED · parent
- Ipeco Inc. 100%
- Ipeco Service Centre Hong Kong Ltd 51%
- Ipeco Singapore PTE Ltd 100%
- hs2 Engineering GmbH 100%
- Pulse Electronics (Avionics) Ltd 100%
- Aviation Marketing Consultants Industries Ltd 100%
- Ipeco Holdings Limited (FZE) 100%
- Ipeco (Canada) Inc 100%
- Ipeco Service Centre Beijing Ltd 51%
- O.T.M. Servo Mechanism Limited 100%
Significant events
- “Legal rulings in early 2026 on tariffs for goods imported into the USA have resulted in potential refunds. The overall impact of these refunds is not yet quantified. The volatile landscape of tariffs together with uncertainty over the long-term applicability of these on Ipeco aviation parts means that this situation is under continual review.”
- “The group continued to invest heavily in new facilities during the year and saw its second new Essex based facility commence operational activity.”
- “At 31 December 2025 the group had capital commitments of £2,849,000 (2024 - £2,302,000) which were contracted but not provided for in the financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| INDIGO CORPORATE SECRETARY LIMITED | Corporate Secretary | 2021-05-28 | — | — |
| HAIR, Sophie Jane | Director | 2019-06-14 | Oct 1992 | British |
| HAMLIN, Robert Myles | Director | 2019-04-26 | Apr 1966 | British |
| JOHNSON, Alexander James | Director | 2019-06-14 | Oct 1993 | British |
| JOHNSON, Christopher | Director | — | Sep 1947 | British |
| JOHNSON, Elizabeth | Director | 1997-09-18 | Jan 1947 | British |
| JOHNSON, Steven John | Director | 1997-09-18 | Aug 1969 | British |
| NASH, Sarah Jane | Director | 2015-10-07 | Nov 1967 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BACKHOUSE, Christopher Mark | Secretary | 1993-07-01 | 1997-09-18 |
| COOK, John | Secretary | — | 1993-01-26 |
| NASH, Sarah Jane | Secretary | 2012-04-23 | 2015-08-28 |
| ROSS, Keith Michael | Secretary | 1997-09-18 | 2012-04-23 |
| ROSS, Keith Michael | Secretary | 1993-03-25 | 1993-07-01 |
| YOUNG, Bernadette Clare | Secretary | 2015-08-28 | 2021-05-28 |
| BACKHOUSE, Christopher Mark | Director | 1993-07-01 | 1997-09-18 |
| BELL, Julian Ingress | Director | 1993-02-25 | 1997-09-18 |
| COOK, John | Director | — | 1993-01-26 |
| HORNSBY, Alan Kenneth | Director | 1993-02-25 | 1997-09-18 |
| JOHNSON, Richard James | Director | 2005-10-21 | 2016-01-31 |
| LEONARD, Mervyn Mitchell | Director | 1993-12-23 | 1996-10-31 |
| SKINNER, David Anthony | Director | — | 1995-05-26 |
| STACEY, James George William | Director | — | 1996-10-31 |
| WILLANS, John Richard David | Director | 1995-04-03 | 1997-09-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Castledon Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 199 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-18 | AA | accounts | Accounts with accounts type group | |
| 2026-05-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-06-17 | AA | accounts | Accounts with accounts type group | |
| 2025-05-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-05 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-05-29 | AA | accounts | Accounts with accounts type group | |
| 2024-05-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-07-15 | AA | accounts | Accounts with accounts type group | |
| 2023-05-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-10 | AA | accounts | Accounts with accounts type group | |
| 2022-05-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-20 | AA | accounts | Accounts with accounts type group | |
| 2021-08-20 | CH01 | officers | Change person director company with change date | |
| 2021-08-19 | CH01 | officers | Change person director company with change date | |
| 2021-08-19 | CH01 | officers | Change person director company with change date | |
| 2021-08-19 | CH01 | officers | Change person director company with change date | |
| 2021-08-19 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.