IBCO LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-29 (in 2mo)
Last made up 2025-07-15
Watchouts
Cash
£200K
-22.5% vs 2023
Net assets
£1M
-14.3% vs 2023
Employees
98
+3.2% vs 2023
Profit before tax
-£337K
+75.4% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
However, we consider the uncertainty of the availability of sufficient committed borrowing facilities and the existence of cross guarantees in respect of the borrowings of a related party to be significant and therefore draw your attention to the disclosures made in Note 1.2 of the financial statements. Our opinion is not modified in this respect.
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | £31,200,000 | £31,470,848 | £31,756,405 | |
| Operating profit | — | — | — | -£1,132,328 | -£111,297 | |
| Profit before tax | — | — | — | -£1,368,115 | -£337,069 | |
| Net profit | — | — | — | -£1,400,883 | -£232,131 | |
| Cash | — | — | — | £257,686 | £199,661 | |
| Total assets less current liabilities | — | — | — | £1,784,147 | £1,396,072 | |
| Net assets | — | — | — | £1,622,918 | £1,390,787 | |
| Equity | £2,635,627 | £3,022,104 | — | £1,622,918 | £1,390,787 | |
| Average employees | — | — | — | 95 | 98 | |
| Wages | — | — | — | £2,384,536 | £2,605,509 | |
| Directors' remuneration | — | — | — | £195,000 | £211,250 |
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
+0.9%
£31,470,848 £31,756,405
highest in 3 filed years
-
Cash
-22.5%
£257,686 £199,661
-
Net assets
-14.3%
£1,622,918 £1,390,787
-
Employees
+3.2%
95 98
-
Operating profit
+90.2%
-£1,132,328 -£111,297
-
Profit before tax
+75.4%
-£1,368,115 -£337,069
-
Wages
+9.3%
£2,384,536 £2,605,509
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -3.6% | -0.4% | |
| Net margin | — | — | — | -4.5% | -0.7% | |
| Return on capital employed | — | — | — | -63.5% | -8.0% | |
| Current ratio | — | — | — | 1.11x | 1.09x | |
| Interest cover | — | — | — | -4.80x | -0.49x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Royce Peeling Green Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“However, we consider the uncertainty of the availability of sufficient committed borrowing facilities and the existence of cross guarantees in respect of the borrowings of a related party to be significant and therefore draw your attention to the disclosures made in Note 1.2 of the financial statements. Our opinion is not modified in this respect.”
Significant events
- “During 2025, the business experienced challenges in sourcing certain products. These issues are temporary, and management expects supply conditions to improve during 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AHMED, Bilal | Secretary | 2004-07-15 | — | British |
| AHMED, Bilal | Director | 2004-07-15 | Jan 1964 | British |
| AHMED, Iqbal | Director | 2004-07-15 | Aug 1956 | British |
| AHMED, Kamal | Director | 2004-07-15 | Apr 1960 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WATERLOW SECRETARIES LIMITED | Corporate Nominee Secretary | 2004-07-15 | 2004-07-15 |
| WATERLOW NOMINEES LIMITED | Corporate Nominee Director | 2004-07-15 | 2004-07-15 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 69 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-10 | AA | accounts | Accounts with accounts type full | |
| 2025-08-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-19 | AA | accounts | Accounts with accounts type full | |
| 2024-08-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-31 | AA | accounts | Accounts with accounts type full | |
| 2023-09-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-07 | AA | accounts | Accounts with accounts type full | |
| 2022-09-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-02-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-02-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-02-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-10-05 | AA | accounts | Accounts with accounts type full | |
| 2021-09-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-13 | AA | accounts | Accounts with accounts type full | |
| 2020-09-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-03-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2019-12-16 | AA | accounts | Accounts with accounts type full | |
| 2019-08-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-08-02 | CS01 | confirmation-statement | Confirmation statement with no updates |
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.