IX REACH LTD
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Cash
£319k
-8.4% vs 2024
Net assets
-£369k
+47.3% vs 2024
Employees
1
0% vs 2024
Profit before tax
£331k
-37.2% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
4-year trend · vs Telecommunications median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | — | £7,736,384 | £7,696,333 | -0.5% | |
| Operating profit | — | — | £534,790 | £387,987 | -27.5% | |
| Profit before tax | — | — | £527,886 | £331,471 | -37.2% | |
| Net profit | — | — | £527,886 | £331,471 | -37.2% | |
| Cash | £189,690 | £286,455 | £348,165 | £318,950 | -8.4% | |
| Total assets less current liabilities | -£288,138 | -£1,269,640 | -£700,390 | -£368,919 | +47.3% | |
| Net assets | -£288,138 | -£1,269,640 | -£700,390 | -£368,919 | +47.3% | |
| Equity | -£288,138 | -£1,269,640 | -£700,390 | -£368,919 | +47.3% | |
| Average employees | 19 | 12 | 1 | 1 | 0% | |
| Wages | — | — | — | — | — | |
| 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. 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 | 2021-12-31 | 2022-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | 6.9% | 5.0% | |
| Net margin | — | — | 6.8% | 4.3% | |
| Gearing (liabilities / total assets) | 106.4% | 129.1% | 116.1% | 106.2% | |
| Interest cover | — | — | 77.46x | 6.87x |
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 3 times since incorporation
- IX REACH LTD 2017-10-31 → present
- CONSOLE NETWORK SOLUTIONS LIMITED 2016-05-27 → 2017-10-31
- IX REACH LIMITED 2010-10-14 → 2016-05-27
- PACKETRADE LIMITED 2004-07-07 → 2010-10-14
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements of the Company have been prepared by the directors on a going concern basis. The directors have considered the performance of the Company against expectations and projections, as well as the capital and liquidity position of the Company. Management monitors the performance of the Company closely and continues to take actions to ensure that the Company is profitable in the future through an increase in activity and turnover together with managing expenses and overheads, preparation of forecasts of expected performance and cashflows to assist in managing the capital and liquidity position.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| OURABAH, Michael | Director | 2019-04-05 | Oct 1982 | French |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAKER, Craig | Secretary | 2007-05-23 | 2008-11-01 |
| WILCOX, Stephen | Secretary | 2004-07-07 | 2007-05-25 |
| BAKER, Craig | Director | 2004-08-12 | 2007-05-25 |
| BAKER, Nicola | Director | 2004-07-07 | 2004-08-12 |
| BURGIO, Al | Director | 2015-03-18 | 2017-01-23 |
| MCADOO, John | Director | 2017-02-02 | 2017-10-05 |
| O'MEANY, Monica | Director | 2008-11-01 | 2012-12-05 |
| TATTERSALL, Clare | Director | 2017-02-02 | 2019-04-05 |
| WILCOX, Stephen James | Director | 2018-07-01 | 2023-02-24 |
| WILCOX, Stephen James | Director | 2007-02-01 | 2017-02-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Stephen James Wilcox | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-10-07 | Ceased 2017-10-07 |
| Allegro Technology Investments Limited | Corporate entity | Shares 75–100% | 2017-01-23 | Ceased 2017-01-23 |
| Mr Al Burgio | Individual | Significant influence | 2016-04-06 | Ceased 2017-01-23 |
| Ixr Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 108 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-08 | AA | accounts | Accounts with accounts type full | |
| 2026-07-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-01 | AA | accounts | Accounts with accounts type small | |
| 2025-07-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-09 | AA | accounts | Accounts with accounts type small | |
| 2024-07-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-17 | AAMD | accounts | Accounts amended with accounts type small | |
| 2024-01-29 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2023-07-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-03 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-11 | AA | accounts | Accounts with accounts type audited abridged | |
| 2022-09-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-27 | AA | accounts | Accounts with accounts type small | |
| 2020-12-15 | AA01 | accounts | Change account reference date company current extended | |
| 2020-07-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-06-30 | AA | accounts | Accounts with accounts type small | |
| 2019-07-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-06-28 | AA | accounts | Accounts with accounts type total exemption full | |
| 2019-05-22 | PSC02 | persons-with-significant-control | Notification of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.