IMAGINATION TECHNOLOGIES LIMITED
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Cash
£22m
USD 29,002,000
-56% lowest in 3 filed years
Net assets
£39m
USD 52,559,000
+40.3% highest in 3 filed years
Employees
430
-10.6% lowest in 3 filed years
Profit before tax
£51m
USD 68,181,000
+25.1% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
Accordingly, the Company relies on raising additional liquidity to address the forecasted liquidity covenant breach, including under a stress test scenario. This is not guaranteed. The Directors recognise that these events and conditions indicate that a material uncertainty exists which may cast significant doubt on the Company’s ability to continue as going concerns
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Technology 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 | £120,685,598 | £85,959,089 | £48,331,725 | -43.8% | |
| Operating profit | £12,718,858 | £32,180,038 | £43,712,059 | +35.8% | |
| Profit before tax | £12,245,842 | £40,431,391 | £50,598,145 | +25.1% | |
| Net profit | £1,871,666 | £49,519,261 | £54,008,905 | +9.1% | |
| Cash | £42,612,959 | £48,904,807 | £21,522,820 | -56% | |
| Total assets less current liabilities | £47,984,782 | £53,814,072 | — | — | |
| Net assets | £23,159,711 | £27,804,043 | £39,004,824 | +40.3% | |
| Equity | £23,159,711 | £27,804,043 | £39,004,824 | +40.3% | |
| Average employees | 645 | 481 | 430 | -10.6% | |
| Wages | £51,511,610 | £42,315,345 | £38,065,306 | -10% | |
| Directors' remuneration | £1,647,317 | £2,467,367 | £2,152,134 | -12.8% | |
| Highest paid director | £549,106 | £1,034,702 | £667,904 | -35.4% |
Figures converted to GBP from USD at 0.742 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 10.5% | 37.4% | 90.4% | |
| Net margin | 1.6% | 57.6% | 111.7% | |
| Return on capital employed | 26.5% | 59.8% | — | |
| Gearing (liabilities / total assets) | 87.1% | 83.8% | 67.1% | |
| Current ratio | 0.63x | 0.74x | 0.31x | |
| Interest cover | 12.99x | 3.44x | 3.32x |
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 3 times since incorporation
- IMAGINATION TECHNOLOGIES LIMITED 1999-08-31 → present
- VIDEOLOGIC LIMITED 1989-11-01 → 1999-08-31
- VIDEO LOGIC LIMITED 1977-12-31 → 1989-11-01
- GAVELICAR LIMITED 1977-04-01 → 1977-12-31
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“Accordingly, the Company relies on raising additional liquidity to address the forecasted liquidity covenant breach, including under a stress test scenario. This is not guaranteed. The Directors recognise that these events and conditions indicate that a material uncertainty exists which may cast significant doubt on the Company’s ability to continue as going concerns”
Group structure
- IMAGINATION TECHNOLOGIES LIMITED · parent
- Imagination Technologies KK 100%
- Imagination Technologies India Private Limited 99%
- Imagination Technologies (China) Co., Ltd 100%
- Imagination Technologies B.V. (Netherlands) 100%
- IMG Technologies LLC 100%
- Imagination Technologies Romania S.R.L. 100%
Significant events
- “In May 2026, the Company completed the sale of its data centre, comprising the freehold land and building, and entered into a lease-back agreement.”
- “The Company entered into shareholder term loan agreements with its parent undertaking, ITGL, under which it received interest-free term loans of $15.0 million and $22.2 million.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 33 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BINGHAM, Ray | Director | 2020-04-10 | Oct 1945 | American |
| KAO, John | Director | 2026-01-16 | Mar 1969 | Taiwanese |
| KUO, Peter | Director | 2026-01-16 | Oct 1971 | American |
| RICHARDSON, John David | Director | 2020-11-17 | May 1969 | British |
Show 33 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CONN, Nicholas Simon | Secretary | — | 1994-07-06 |
| LLEWELLYN, Anthony | Secretary | 2000-06-30 | 2016-06-28 |
| MILLWARD, Guy Leighton | Secretary | 2017-06-29 | 2018-01-03 |
| MILLWARD, Guy | Secretary | 2016-06-23 | 2017-01-30 |
| POWELL, Bruce Lewis Hamilton | Secretary | 1994-07-06 | 1995-10-18 |
| REID, Emma Ann | Secretary | 2017-01-30 | 2017-06-29 |
| WALSH, Martin Charles | Secretary | 1995-10-18 | 2000-06-30 |
| BERESFORD-WYLIE, Simon Piers | Director | 2020-11-17 | 2025-06-02 |
| BLACK, Ronald Douglas | Director | 2019-01-01 | 2020-04-10 |
| DALE, Kevin James Donald | Director | 1997-11-03 | 2006-02-10 |
| FULTON, William Henry | Director | — | 1992-01-17 |
| GODWIN, Kim Roger | Director | 1995-04-17 | 1997-10-31 |
| HEATH, Andrew | Director | 2016-02-08 | 2018-03-31 |
| HILL, Peter John | Director | 2017-01-01 | 2017-01-01 |
| LEWIS, Jonathan Gareth | Director | 2018-01-03 | 2018-07-18 |
| LI, Liyou Leo | Director | 2018-07-18 | 2018-12-31 |
| LIVESLEY, Raymond Malcolm | Director | — | 1996-09-04 |
| LOGAN, Mark Derek | Director | 2020-11-17 | 2022-10-14 |
| MACLAREN, Anthony Ewen | Director | — | 1997-12-12 |
| MACLAREN, Derek | Director | — | 1996-03-27 |
| MAXWELL, Cameron Anderson | Director | — | 1994-07-06 |
| MILLWARD, Guy Leighton | Director | 2015-12-21 | 2018-01-03 |
| MUKERJEE, Indro Mario | Director | 1994-09-01 | 1996-05-07 |
| MURRAY, Richard Alan | Director | — | 1994-07-06 |
| PEPPER, Jonathan | Director | — | 1995-04-28 |
| POWELL, Bruce Lewis Hamilton | Director | 1993-07-21 | 1995-10-18 |
| SELBY, Trevor | Director | 1996-05-21 | 2011-07-01 |
| SMITH, Richard Alexander Buchan | Director | 2011-07-01 | 2015-12-21 |
| STOCKILL, Trevor Richard | Director | — | 1991-09-30 |
| TRZUPEK, Michael | Director | 2022-10-14 | 2025-11-17 |
| WALSH, Martin Charles | Director | — | 2000-06-30 |
| WING, Trevor | Director | — | 1999-10-01 |
| YASSAIE, Hossein, Sir | Director | 1993-03-26 | 2016-02-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Imagination Technologies Group Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 247 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-01 | AA | accounts | Accounts with accounts type full | |
| 2026-04-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-28 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-02 | AA | accounts | Accounts with accounts type full | |
| 2025-06-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-04 | AA | accounts | Accounts with accounts type full | |
| 2024-08-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-04-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-13 | AA | accounts | Accounts with accounts type full | |
| 2023-07-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-07-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-04-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-20 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 2
- 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.