INDUSTRIAL COMMON OWNERSHIP FINANCE LIMITED
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Cash
£2.2M
-14.8% lowest in 4 filed years
Net assets
£2.5M
-4.2% vs 2024
Employees
4
0% vs 2024
Profit before tax
£4.4K
-31.3% first positive since 2022
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
4-year trend · vs Financials median
INDUSTRIAL COMMON OWNERSHIP FINANCE LIMITED·Financials median
INDUSTRIAL COMMON OWNERSHIP FINANCE LIMITED·Financials median
INDUSTRIAL COMMON OWNERSHIP FINANCE LIMITED·Financials median
INDUSTRIAL COMMON OWNERSHIP FINANCE LIMITED·Financials median
INDUSTRIAL COMMON OWNERSHIP FINANCE LIMITED·Financials median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | £266,823 | £391,470 | £390,330 | £403,205 | +3.3% | |
| Operating profit | -£48,752 | £42,851 | £21,011 | £31,136 | +48.2% | |
| Profit before tax | -£42,294 | £19,832 | £6,436 | £4,420 | -31.3% | |
| Net profit | -£42,294 | £19,832 | £6,436 | £4,420 | -31.3% | |
| Cash | £2,333,105 | £2,359,017 | £2,583,135 | £2,201,850 | -14.8% | |
| Total assets less current liabilities | £2,283,397 | £3,668,167 | £3,656,743 | £3,610,034 | -1.3% | |
| Net assets | £2,169,457 | £2,587,485 | £2,593,921 | £2,483,791 | -4.2% | |
| Equity | £2,169,457 | £2,587,485 | £2,593,921 | £2,483,791 | -4.2% | |
| Average employees | 4 | 4 | 4 | 4 | 0% | |
| Wages | £199,019 | £205,607 | £221,421 | £223,738 | +1% | |
| Directors' remuneration | — | — | — | — | — |
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 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|
| Operating margin | -18.3% | 10.9% | 5.4% | 7.7% | |
| Net margin | -15.9% | 5.1% | 1.6% | 1.1% | |
| Return on capital employed | -2.1% | 1.2% | 0.6% | 0.9% | |
| Current ratio | — | 3.93x | 4.05x | 4.18x | |
| Interest cover | — | 0.76x | 0.35x | 0.49x |
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.
Name history
Renamed 1 time since incorporation
- INDUSTRIAL COMMON OWNERSHIP FINANCE LIMITED 2016-10-01 → present
- INDUSTRIAL COMMON-OWNERSHIP FINANCE LIMITED 1973-04-17 → 2016-10-01
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Consolidated group
- Auditor
- Third Sector Accountancy Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors consider that the company holds sufficient cash and general reserves and therefore, will continue as a going concern for a period of at least 12 months from the date on which these financial statements.”
Group structure
- INDUSTRIAL COMMON OWNERSHIP FINANCE LIMITED · parent
- ICOF Limited
- ICOF Fund plc
- Industrial Common Ownership Fund Plc 100%
Significant events
- “In 2025 we saw modest lending from our own funds as much of our resource was used deliver our partnership initiatives with Social Investment Business (SIB) through the Thrive Fund and the Access Foundation delivering the Flex Fund. Between them they accounted for £270,000 of lending and also levered in grant funding.”
- “We were also able to help the residents of Ickleton take their beloved pub into community ownership from its commercial brewery owners after raising loan finance and successful community share offer.”
- “We are a partner for the Energy Resilience Fund (ERF) which re-launched in 2025. This is blended loan and grant product to help charities, social enterprises and community businesses become more energy resilient, supporting the retrofitting of insulation, installing more energy efficient boilers, heat source pumps, hybrid systems, LED's, and solar PV.”
- “We also remained an Access Point for the £4m Reach Fund which provides grants to organisations that need specific support to be able to take on a loan. Through this we levered in extra financial resource, even into organisations that we were unable to help with our own funds. We were able to support 22 businesses in 2025.”
- “In 2025 we worked closely with Coops UK on the Community Shares Booster Fund Investment Panel helping to support and grow the sector through grant awards and equity investment.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 82 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DEMONTOUX, Alain Richard | Secretary | 2010-09-01 | — | — |
| GUERIN, Gauthier Claude | Director | 2025-06-19 | Jun 1986 | British |
| KELLY, Daniel Sean | Director | 2025-06-19 | May 1989 | British |
| MARTIN, Jaye | Director | 2021-06-23 | Nov 1977 | Scottish |
| MATHER, Paul James | Director | 2023-01-01 | Apr 1959 | British |
| NASH, Gareth Stuart | Director | 2025-10-10 | Mar 1955 | British |
| NOTT, Jon Robert | Director | 2017-03-03 | Nov 1972 | British |
| SIMMONDS, Mark Richard | Director | 2025-06-18 | Feb 1964 | British |
Show 82 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HOCKLY, Martin Kenneth | Secretary | 1997-12-01 | 1999-12-14 |
| KLUZ, Lesley Jane | Secretary | 1995-05-12 | 1997-12-01 |
| MILLS, Angela Karen | Secretary | 2008-09-01 | 2010-09-01 |
| RALLEY, David Robert | Secretary | — | 1995-05-12 |
| TAYLOR, Ian Paul | Secretary | 1999-12-14 | 2008-09-01 |
| ALCOCK, James | Director | 2017-06-30 | 2022-06-30 |
| ANGERSON, Michael John | Director | — | 2003-07-14 |
| ATHERTON, John Andrew | Director | 2011-10-14 | 2017-06-30 |
| BANTON, Alison Joan | Director | 2012-06-28 | 2013-09-10 |
| BARBER, Helen Ruth | Director | 2000-10-16 | 2009-08-06 |
| BLACKLEY, Simon Barney | Director | 1995-11-10 | 1998-09-24 |
| BLANC, Timothy | Director | 2007-08-20 | 2017-05-16 |
| BUCHANAN, Ruth Alice | Director | 2023-10-05 | 2025-12-05 |
| CATTELL, Charles Harry | Director | 1998-05-16 | 2004-05-21 |
| CHARLTON, Caroline | Director | 1993-10-23 | 1995-05-13 |
| COCKERTON, Peter Ellis | Director | — | 1996-05-11 |
| COLE, Dominica | Director | 2021-06-23 | 2024-06-20 |
| CONCHIE, George | Director | 2006-08-29 | 2015-06-26 |
| CONNOR, Susan | Director | 2022-06-30 | 2023-05-03 |
| COUCHMAN, Peter Leslie | Director | 2003-05-16 | 2005-05-13 |
| CROOK, Richard Charles | Director | 2013-11-12 | 2016-06-17 |
| DEMONTOUX, Alain Richard | Director | 2002-08-08 | 2006-03-23 |
| DICKMAN, David Arthur | Director | 2001-10-22 | 2007-08-01 |
| DOUGLAS HUGHES, Sarah Henrietta | Director | 2003-05-16 | 2005-05-13 |
| DOWSETT, Owen | Director | 2024-10-16 | 2025-08-26 |
| DOWSETT, Owen | Director | 2022-06-30 | 2024-10-16 |
| FINK, Jennifer Ann | Director | 2017-08-11 | 2021-11-03 |
| FORBES, John Henry | Director | 2020-06-29 | 2023-10-04 |
| GEANY, Joan Ann | Director | 1993-10-23 | 1994-02-02 |
| GEORGE, Christine | Director | 1994-07-27 | 1997-05-10 |
| GILL, Russell Mark | Director | 2010-04-16 | 2012-01-27 |
| GODDARD, Margaret | Director | 1995-05-13 | 1999-01-08 |
| GRASSICK, Paul | Director | 1995-05-13 | 2002-08-08 |
| HARRIS, Simon | Director | 2006-08-29 | 2008-09-29 |
| HARRISON, Andrew John | Director | 2013-02-21 | 2020-06-29 |
| HIBBERT, Andrew | Director | 1994-05-06 | 1995-11-10 |
| HILL, Andrew Keith | Director | 1995-11-10 | 1999-11-23 |
| HITCHINS, Mark Sebastian | Director | 1996-11-08 | 1999-05-15 |
| HODGSON, Barbara | Director | 2012-06-28 | 2013-09-10 |
| HOLDEN, Dan Paul | Director | 2018-06-26 | 2024-09-26 |
| HOLLINGS, David John | Director | 2003-05-16 | 2021-06-23 |
| HOWARTH, Rhona Patricia | Director | — | 1993-11-17 |
| JONES, Michael John | Director | — | 2002-06-12 |
| JONES, Simon | Director | — | 1992-10-24 |
| KATANGAZA, Nankunda | Director | 2021-06-23 | 2024-06-20 |
| KING, Zena Marie | Director | 2017-06-30 | 2020-06-29 |
| KLUETER, Sarah Caroline | Director | 2008-10-15 | 2010-01-20 |
| KNOTT, Victoria Jane | Director | 2014-06-27 | 2017-06-30 |
| LOVE, Andrew | Director | 1993-05-08 | 2022-06-30 |
| LOZANO, Felix | Director | 2004-04-26 | 2007-02-12 |
| MAHONEY, Nicholas John, Dr | Director | 1991-05-04 | 1991-10-26 |
| MCCOLL, Jon | Director | 2003-05-16 | 2016-06-17 |
| MCKELLAR, Stuart | Director | 1994-02-02 | 1995-11-10 |
| METEYARD, Martin Thomas | Director | 2005-02-23 | 2006-03-23 |
| MITCHELL, Graham Edward | Director | 2000-09-01 | 2005-05-13 |
| OGBORN, Rebecca Christine | Director | — | 1995-05-13 |
| PALMER, Nicola Caroline | Director | 2007-05-22 | 2009-03-25 |
| PEMBERTON, Arthur | Director | 2000-04-18 | 2001-05-18 |
| PITCHFORD, Carl | Director | 2017-06-30 | 2019-10-15 |
| RIDDLE, Christine Margaret | Director | — | 2004-05-21 |
| RODRIGUES-PIZA, Maggie | Director | 2022-06-30 | 2022-07-10 |
| RODRIGUEZ-PIZA, Margarita Elizabeth | Director | 2022-07-11 | 2026-01-31 |
| SCHOLES, David | Director | 1992-05-09 | 2000-04-18 |
| SIMON, Giles Mathew | Director | 2009-08-26 | 2012-01-27 |
| SMITH, Adrian Paul | Director | 2021-06-23 | 2021-11-23 |
| SMITH, Elisabeth Janet Sinclair | Director | 1995-05-13 | 1996-11-08 |
| SMITH, Jennifer Ann | Director | 2017-07-21 | 2018-02-13 |
| SPIERS, Shaun | Director | — | 1994-04-06 |
| STILL, David John | Director | — | 1999-01-08 |
| STONE, Linda Christine | Director | 2000-01-14 | 2001-04-09 |
| SULSKIS, Sheridan Leigh | Director | 2021-06-23 | 2021-10-07 |
| THOMAS, Irfon | Director | — | 1992-05-09 |
| TITLEY, Brian James | Director | 2003-05-16 | 2020-06-29 |
| TURNBULL, Guy Michael, Dr | Director | 2006-08-29 | 2016-06-17 |
| WALKER, Peter | Director | — | 1993-05-08 |
| WALKER, Steven William, Dr | Director | 1996-11-08 | 1999-05-15 |
| WERNER, Britta | Director | 2009-06-15 | 2012-01-27 |
| WHELLENS, Sion | Director | 2012-02-22 | 2017-06-30 |
| WHITE, Joanne Elizabeth | Director | 2003-12-10 | 2018-06-26 |
| WHITEHEAD, Jean | Director | 1996-05-11 | 2003-07-14 |
| WOOD, Bruce | Director | 1992-05-09 | 2022-06-30 |
| WOODELL, Vivian Stanley | Director | — | 1999-05-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Alain Demontoux | Individual | Significant influence | 2016-06-28 | Ceased 2025-02-27 |
| Miss Joanna White | Individual | Significant influence | 2016-06-28 | Ceased 2018-06-26 |
Filing timeline
Last 20 of 329 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-17 | AA | accounts | Accounts with accounts type group | |
| 2026-05-05 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2026-04-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-20 | CH01 | officers | Change person director company with change date | |
| 2025-06-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-05-12 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-05-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-24 | AA | accounts | Accounts with accounts type group | |
| 2025-03-05 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2025-02-27 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-16 | CH01 | officers | Change person director company with change date | |
| 2024-10-16 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-16 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 3
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.