THE INDEPENDENT POWER CORPORATION LIMITED

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

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

• Turnover

  -49.6%

  £1,189,823 → £600,000

• Cash

  -82%

  £19,361 → £3,483

  lowest in 4 filed years

• Net assets

  -13.7%

  £1,556,347 → £1,343,286

• Employees

  0%

  2 → 2

• Operating profit

  -123.5%

  £80,374 → -£18,901

  lowest in 4 filed years

• Profit before tax

  -365.1%

  £80,374 → -£213,061

  lowest in 4 filed years

• Wages

  +2.3%

  £46,910 → £47,999

  highest in 4 filed years

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

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.

1. THE INDEPENDENT POWER CORPORATION LIMITED 2026-02-13 → present
2. THE INDEPENDENT POWER CORPORATION PLC 1995-09-01 → 2026-02-13

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Cameron Baum Hollander Limited

Audit opinion

Qualified

Going concern

Affirmed

“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.”

Group structure

1. THE INDEPENDENT POWER CORPORATION LIMITED · parent
   1. Independent Power Operations Limited 100% · England and Wales · Consultancy services
   2. Nebras Power-IPC Developments Limited 50% · England and Wales · Consultancy services
   3. The Marine Low Carbon Power Company Limited 50% · England and Wales · Consultancy services
   4. Sloane Renewable Energy Limited 100% · England and Wales · Consultancy services
   5. The Long Distance Power Cable Company Limited 50% · England and Wales · Consultancy services
   6. IPC Grid Connection Limited 50% · England and Wales · Consultancy services
   7. IPC Grid Connection Two Limited 50% · England and Wales · Consultancy services
   8. IPC New World Energy Limited · England and Wales · Consultancy services

Significant events

• “Towards the end of June 2024 IPCNWE acquired a 90% interest in Kari Energy Limited from former joint venture partner Hecate Energy LLC.”
• “During the previous financial year the principal debtor to IPC concluded an arbitration case regarding its cancelled project in West Africa. In July 2023 final award was issued and although progress to receiving payment is slow, the directors believe that the outstanding fees will be paid in full.”
• “The Company has been moving away from technical advisory roles in the development of unabated generation projects in emerging markets, consequently writing down the value in its developments in Azerbaijan.”

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

Filings

6

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.