INDUSTRIAL AND FINANCIAL SYSTEMS, IFS UK LTD
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Cash
£869k
-98.4% lowest in 3 filed years
Net assets
£24m
+226.6% highest in 3 filed years
Employees
228
+4.6% vs 2024
Profit before tax
£17m
+1,627.7% highest in 3 filed years
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 | £118,667,017 | £154,289,435 | £169,809,079 | +10.1% | |
| Operating profit | £5,678,606 | £5,410,946 | £7,415,088 | +37% | |
| Profit before tax | -£1,923,780 | -£1,080,418 | £16,505,631 | +1,627.7% | |
| Net profit | -£2,855,652 | -£536,004 | £15,859,641 | +3,058.9% | |
| Cash | £12,866,997 | £52,909,634 | £868,806 | -98.4% | |
| Total assets less current liabilities | £91,964,913 | £89,781,674 | £101,780,981 | +13.4% | |
| Net assets | £8,007,168 | £7,475,616 | £24,417,260 | +226.6% | |
| Equity | £8,007,168 | £7,475,616 | £24,417,260 | +226.6% | |
| Average employees | 238 | 218 | 228 | +4.6% | |
| Wages | £24,574,783 | £30,397,895 | £30,924,668 | +1.7% | |
| Directors' remuneration | £767,219 | £1,521,689 | £1,462,087 | -3.9% | |
| Directors' pension contributions | £18,265 | £26,774 | £25,542 | -4.6% | |
| Highest paid director | £575,878 | £683,126 | £947,501 | +38.7% |
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 | 4.8% | 3.5% | 4.4% | |
| Net margin | -2.4% | -0.3% | 9.3% | |
| Return on capital employed | 6.2% | 6.0% | 7.3% | |
| Gearing (liabilities / total assets) | 96.2% | 97.2% | 90.0% | |
| Current ratio | 0.99x | 0.99x | 1.55x | |
| Interest cover | 0.75x | 0.61x | 0.81x |
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 AND FINANCIAL SYSTEMS, IFS UK LTD 1996-12-24 → present
- ELMCOTT SYSTEMS LIMITED 1996-11-12 → 1996-12-24
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the going concern assessment period to 31 December 2027. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.”
Group structure
- INDUSTRIAL AND FINANCIAL SYSTEMS, IFS UK LTD · parent
- Axios Systems Ltd 100%
- Application Software IFS South Africa (Pty) Ltd 100%
- Seven Bridges Limited 100%
Significant events
- “In December 2025, as part of that liquidation process, IFS received a distribution from Axios of £93,500,000, recognised as income from shares in group undertakings, and correspondingly derecognised the £75,768,324 carrying value of its investment in Axios.”
- “During the year, IFS acquired the entire issued share capital of Seven Bridges Limited, a provider of supply chain artificial intelligence and logistics optimisation solutions.”
- “The increase of £9,645,033 in the goodwill balance is as a result of the transfer of trade and assets of Copperleaf UK to IFS during 2025.”
- “On 13 April 2026, IFS UK Limited settled a Roll-Over Loan Note of £15,000,000, originally entered into in connection with the acquisition of Axios Systems Limited, together with accrued interest of £3,259,726 giving a gross outstanding balance of £18,259,726.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LAING, Alan Wallace | Director | 2019-06-13 | Sep 1958 | British |
| POORE, Stephanie Jayne | Director | 2024-01-19 | Sep 1982 | British |
| WILLIAMS, Daniel | Director | 2023-05-22 | May 1978 | British |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRETT, Jeremy Richard | Secretary | 2008-02-29 | 2014-05-31 |
| CESTRA, Pierangelo | Secretary | 2019-07-09 | 2023-05-22 |
| FLETCHER, Kevin Dennis | Secretary | 2018-10-11 | 2019-07-09 |
| LUNDBERG, Sverker Olov Gabriel | Secretary | 1996-12-13 | 1997-02-26 |
| PEAT, Garry Michael | Secretary | 2014-06-01 | 2018-10-10 |
| WALKER, William James | Secretary | 1997-06-09 | 2008-02-29 |
| CORPORATE ADMINISTRATION SECRETARIES LIMITED | Corporate Nominee Secretary | 1996-11-12 | 1996-12-13 |
| JORDAN COMPANY SECRETARIES LIMITED | Corporate Nominee Secretary | 1997-03-18 | 1997-06-09 |
| CESTRA, Pierangelo | Director | 2019-10-07 | 2023-05-22 |
| LINDHOLM, Anders Magnus | Director | 2018-10-10 | 2019-10-11 |
| MASSEY, Paul Charles | Director | 2006-02-06 | 2018-10-11 |
| MOODH, Jan | Director | 2003-01-26 | 2006-01-31 |
| NILSSON, Bengt | Director | 1997-06-25 | 2003-01-26 |
| PETERSSON, Thomas Ake Mikael | Director | 1997-06-25 | 2002-12-20 |
| PETERSSON, Thomas Ake Mikael | Director | 1996-12-13 | 1997-02-26 |
| SODEN, Mark | Director | 2006-02-06 | 2019-06-13 |
| SORBIE, Alastair George | Director | 1997-02-26 | 2018-03-31 |
| CORPORATE ADMINISTRATION SERVICES LIMITED | Corporate Nominee Director | 1996-11-12 | 1996-12-13 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 160 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-09-04 RESOLUTIONS Resolution
- 2023-09-04 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-28 | AA | accounts | Accounts with accounts type full | |
| 2026-02-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-07 | AA | accounts | Accounts with accounts type full | |
| 2025-04-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-07 | AA | accounts | Accounts with accounts type full | |
| 2024-03-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-19 | CH01 | officers | Change person director company with change date | |
| 2024-01-19 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-04 | RESOLUTIONS | resolution | Resolution | |
| 2023-09-04 | MA | incorporation | Memorandum articles | |
| 2023-08-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-05-23 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-05-23 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-23 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-05-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-22 | AA | accounts | Accounts with accounts type full | |
| 2023-03-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-28 | AA | accounts | Accounts with accounts type full | |
| 2022-05-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-06 | AA | accounts | Accounts with accounts type full |
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.