IBS SOFTWARE EUROPE LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-06-06 (in 1mo)
Last made up 2025-05-23
Watchouts
None on the register
Cash
£23M
+189.1% vs 2024
Net assets
£23M
+21.7% vs 2024
Employees
110
+2.8% vs 2024
Profit before tax
£5M
-12.1% vs 2024
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £55,648,928 | £65,044,720 | |
| Operating profit | £5,675,251 | £5,039,588 | |
| Profit before tax | £6,139,015 | £5,397,666 | |
| Net profit | £4,850,246 | £4,080,873 | |
| Cash | £8,017,142 | £23,173,558 | |
| Total assets less current liabilities | £64,428,988 | £72,455,602 | |
| Net assets | £18,786,342 | £22,867,215 | |
| Equity | £18,786,342 | £22,867,215 | |
| Average employees | 107 | 110 | |
| Wages | £7,869,082 | £8,678,083 | |
| 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. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+16.9%
£55,648,928 £65,044,720
-
Cash
+189.1%
£8,017,142 £23,173,558
-
Net assets
+21.7%
£18,786,342 £22,867,215
-
Employees
+2.8%
107 110
-
Operating profit
-11.2%
£5,675,251 £5,039,588
-
Profit before tax
-12.1%
£6,139,015 £5,397,666
-
Wages
+10.3%
£7,869,082 £8,678,083
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 10.2% | 7.7% | |
| Net margin | 8.7% | 6.3% | |
| Return on capital employed | 8.8% | 7.0% | |
| Gearing (liabilities / total assets) | 83.4% | 83.1% | |
| Current ratio | 1.26x | 1.14x | |
| Interest cover | 7067.56x | 3463.63x |
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
- IBS SOFTWARE EUROPE LIMITED 2012-01-20 → present
- AVIENT SOLUTIONS LIMITED 2002-07-12 → 2012-01-20
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence for a minimum of 12 months from the date of approval of the financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”
Group structure
- IBS SOFTWARE EUROPE LIMITED · parent
- IBS Software GmbH 100%
- IBS Software Japan Co Ltd 100%
- IBS Shanghai Ltd 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TRICHY NARAYANASWAMY, Kanchana Chitra | Secretary | 2021-02-01 | — | — |
| VALAYIL KORATH, Mathews | Director | 2003-09-02 | Nov 1954 | Indian |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HINTON, Philip Edward | Secretary | 2003-02-11 | 2014-12-16 |
| SUREKA, Vikash | Secretary | 2014-12-16 | 2021-01-31 |
| JPCORS LIMITED | Corporate Nominee Secretary | 2002-07-12 | 2002-07-12 |
| CEFAI, Pietro | Director | 2002-07-14 | 2018-08-31 |
| HINTON, Philip Edward | Director | 2002-07-14 | 2014-12-16 |
| KREBS, Peter, Mr. | Director | 2003-09-02 | 2014-04-28 |
| MILNE, William James | Director | 2002-07-14 | 2016-02-15 |
| SHAH, Rajiv Indravadan | Director | 2014-12-16 | 2017-12-31 |
| SHAHUL HAMID, Abdul Ajmal Khan | Director | 2003-09-02 | 2014-04-28 |
| JPCORD LIMITED | Corporate Nominee Director | 2002-07-12 | 2002-07-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Mathews Valayil Korath | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 102 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-05 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-05-05 | CH01 | officers | Change person director company with change date | |
| 2026-01-07 | AA | accounts | Accounts with accounts type full | |
| 2025-05-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-04 | AA | accounts | Accounts with accounts type full | |
| 2024-05-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-26 | AA | accounts | Accounts with accounts type full | |
| 2023-05-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-09 | AA | accounts | Accounts with accounts type full | |
| 2022-07-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-05 | AA | accounts | Accounts with accounts type full | |
| 2021-07-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-10 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2021-05-10 | CH01 | officers | Change person director company with change date | |
| 2021-04-08 | AA | accounts | Accounts with accounts type full | |
| 2021-02-15 | AP03 | officers | Appoint person secretary company with name date | |
| 2021-02-12 | TM02 | officers | Termination secretary company with name termination date | |
| 2020-07-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-02-13 | AA | accounts | Accounts with accounts type full | |
| 2019-12-02 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.