ITI OPERATIONS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-06 (in 7mo)
Last made up 2025-11-22
Watchouts
None on the register
Cash
£3M
+14.5% vs 2023
Net assets
£12M
+19.3% vs 2023
Employees
206
+8.4% vs 2023
Profit before tax
£2M
+49.3% vs 2023
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £23,951,000 | £27,702,000 | |
| Operating profit | £1,207,000 | £1,844,000 | |
| Profit before tax | £1,211,000 | £1,808,000 | |
| Net profit | £1,361,000 | £1,992,000 | |
| Cash | £2,630,000 | £3,012,000 | |
| Total assets less current liabilities | £10,512,000 | £12,717,000 | |
| Net assets | £10,395,000 | £12,401,000 | |
| Equity | £10,395,000 | £12,401,000 | |
| Average employees | 190 | 206 | |
| Wages | £10,330,000 | £11,386,000 | |
| Directors' remuneration | £342,089 | £692,244 |
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+15.7%
£23,951,000 £27,702,000
-
Cash
+14.5%
£2,630,000 £3,012,000
-
Net assets
+19.3%
£10,395,000 £12,401,000
-
Employees
+8.4%
190 206
-
Operating profit
+52.8%
£1,207,000 £1,844,000
-
Profit before tax
+49.3%
£1,211,000 £1,808,000
-
Wages
+10.2%
£10,330,000 £11,386,000
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 5.0% | 6.7% | |
| Net margin | 5.7% | 7.2% | |
| Return on capital employed | 11.5% | 14.5% | |
| Current ratio | 1.73x | 1.89x | |
| Interest cover | — | 51.22x |
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 4 times since incorporation
- ITI OPERATIONS LIMITED 2020-08-07 → present
- SERVELEC CONTROLS LIMITED 2013-12-12 → 2020-08-07
- CSE-CONTROLS LIMITED 2011-04-01 → 2013-12-12
- SYSTEMS INTEGRATION AND AUTOMATION LIMITED 2003-03-05 → 2011-04-01
- A J H CONTROL SYSTEMS LIMITED 2002-12-04 → 2003-03-05
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Hawsons Chartered Accountants
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After due consideration of all relevant factors the directors have a reasonable expectation that the company and the group have adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.”
Group structure
- ITI OPERATIONS LIMITED · parent
- ITI Scomagg Limited 100%
- ITI Simulation Limited 100%
- ITI Digital Solutions Limited 100%
- ITI Global Inc 100%
Significant events
- “Strong sales continued in 2024 and the forward workload carried into 2025 was 23% higher than the previous year which had also seen significant volumes (16% increase) brought into 2024.”
- “The approach of diversifying our markets delivered a broader spread of new sales across the spectrum, with significant wins in nuclear new build, nuclear decommissioning, renewables, and in transmission and distribution to augment our position in oil, gas and across the civil nuclear generating fleet. The CIM Logic acquisition provided opportunities to sell group capabilities into the life sciences, food and beverage, logistics and industrial material market.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ROYLE, Marcus | Secretary | 2023-12-31 | — | — |
| BAYLISS, Paul William | Director | 2022-03-01 | May 1984 | British |
| HARDY, Mark Edward | Director | 2023-03-13 | Feb 1960 | British |
| MURPHY, Dominic John | Director | 2024-04-26 | Jan 1981 | British |
| ROYLE, Marcus Richard | Director | 2023-03-13 | Sep 1976 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CALDWELL, John | Secretary | 2010-03-23 | 2012-10-31 |
| CANE, Michael | Secretary | 2012-10-31 | 2018-12-06 |
| EASTON, Christopher John | Secretary | 2003-01-07 | 2003-09-30 |
| HARRAD, Craig | Secretary | 2021-01-11 | 2023-12-31 |
| JONES, Kevan Thomas | Secretary | 2003-11-25 | 2010-03-23 |
| YORK PLACE COMPANY SECRETARIES LIMITED | Corporate Nominee Secretary | 2002-12-04 | 2003-01-07 |
| ALLISON, Mark Stuart | Director | 2003-01-07 | 2016-06-30 |
| CALDWELL, John Christopher | Director | 2010-03-23 | 2012-10-31 |
| CANE, Michael Geoffrey | Director | 2013-03-28 | 2018-12-06 |
| EASTON, Christopher John | Director | 2003-01-07 | 2003-09-30 |
| FLEMING, Albert | Director | 2012-09-20 | 2016-08-19 |
| GILROY, Timothy Gerald | Director | 2012-09-20 | 2014-05-30 |
| HIBBERD, Colin | Director | 2003-01-07 | 2012-03-31 |
| HOLDEN, Ronald | Director | 2012-09-20 | 2022-03-01 |
| JONES, Colin John | Director | 2012-09-20 | 2013-01-14 |
| JONES, Kevan Thomas | Director | 2003-01-07 | 2017-06-01 |
| MILLS, Andrew Ian | Director | 2016-07-01 | 2022-11-08 |
| MOORE, Alexander | Director | 2016-07-01 | 2017-10-06 |
| STUBBS, Alan | Director | 2010-03-23 | 2018-12-06 |
| YORK PLACE COMPANY NOMINEES LIMITED | Corporate Nominee Director | 2002-12-04 | 2003-01-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Iti Engineering Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-12-06 | Active |
| Servelec Group Holdings Ltd | Corporate entity | Shares 75–100% | 2018-05-23 | Ceased 2018-12-06 |
| Servelec Group Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2018-05-23 |
Filing timeline
Last 20 of 151 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-27 RESOLUTIONS Resolution
- 2025-12-27 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-27 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-27 | MA | incorporation | Memorandum articles | |
| 2025-12-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-30 | AA | accounts | Accounts with accounts type group | |
| 2024-12-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-05 | AA | accounts | Accounts with accounts type group | |
| 2024-05-29 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-04 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-01-04 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-12-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-08 | AA | accounts | Accounts with accounts type group | |
| 2023-03-16 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-16 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-13 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-06-08 | AA | accounts | Accounts with accounts type full | |
| 2022-03-01 | AP01 | officers | Appoint person director company with name date | |
| 2022-03-01 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.