IPLICIT GROUP LIMITED

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

  +96%

  £3,223,822 → £6,318,404

• Cash

  +50.9%

  £2,663,222 → £4,019,499

  highest in 6 filed years

• Net assets

  +52.5%

  £2,639,541 → £4,024,991

• Employees

  +59.7%

  72 → 115

  highest in 6 filed years

• Operating profit

  -67.5%

  -£2,849,429 → -£4,771,523

• Profit before tax

  -64.4%

  -£2,836,474 → -£4,663,928

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. IPLICIT GROUP LIMITED 2022-10-21 → present
2. CONCEPT SOFTWARE LIMITED 1997-01-22 → 2022-10-21
3. CONCEPT SOFTWARE SERVICES LIMITED 1996-06-04 → 1997-01-22

Accounting basis

FRS 102 §1A

Reporting scope

Consolidated group

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements are prepared on a going concern basis, and the directors have concluded that the use of the going concern basis of accounting is appropriate. No material uncertainties were identified that may cast significant doubt on the group's ability to continue as a going concern for a period of at least twelve months.”

Group structure

1. IPLICIT GROUP LIMITED · parent
   1. Iplicit Limited 100% · UK · Accountancy software development

Significant events

• “2024 was a transformative year for Iplicit with a remarkable 113% increase in CARR.”
• “£6M Private Placement in April 2024, welcoming Nic Humphries and Øystein Moan to the Board.”
• “An additional 78 employees were granted EMI options, fostering a high-performance culture.”
• “£25M External Investment in January 2025, led by One Peak, with £20M in newly issued share capital and £5M from secondary shares.”
• “Workforce expanded significantly, adding 64 new members across all business units.”

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

Filings

5

last 12 months

Capital events

4

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.