INCOMM EUROPE LIMITED
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Cash
£49m
+3.7% highest in 3 filed years
Net assets
-£66m
+1.9% highest in 3 filed years
Employees
42
+7.7% highest in 3 filed years
Profit before tax
£1.2m
-10% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Technology median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-02-28
| Metric | Trend | 2024-02-29 | 2025-02-28 | 2026-02-28 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £75,456,715 | £80,182,607 | £87,278,878 | +8.9% | |
| Operating profit | £5,230,746 | £1,135,834 | £1,133,350 | -0.2% | |
| Profit before tax | £5,003,921 | £1,339,712 | £1,206,364 | -10% | |
| Net profit | £4,925,472 | £1,267,723 | £1,112,293 | -12.3% | |
| Cash | £43,178,309 | £47,035,028 | £48,752,114 | +3.7% | |
| Total assets less current liabilities | — | -£66,814,069 | -£65,531,550 | +1.9% | |
| Net assets | -£67,975,976 | -£66,814,069 | -£65,531,550 | +1.9% | |
| Equity | -£67,975,976 | -£66,814,069 | -£65,531,550 | +1.9% | |
| Average employees | 36 | 39 | 42 | +7.7% | |
| Wages | £2,603,572 | £3,096,791 | £3,131,141 | +1.1% | |
| Directors' remuneration | — | £0 | £0 | — |
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 | 2024-02-29 | 2025-02-28 | 2026-02-28 |
|---|---|---|---|---|
| Operating margin | 6.9% | 1.4% | 1.3% | |
| Net margin | 6.5% | 1.6% | 1.3% | |
| Gearing (liabilities / total assets) | — | 165.2% | 153.9% | |
| Current ratio | 0.59x | 0.60x | 0.65x | |
| Interest cover | 11.16x | 2.47x | 2.58x |
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
- INCOMM EUROPE LIMITED 2005-04-01 → present
- HAMSARD 2799 LIMITED 2004-12-30 → 2005-04-01
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Notwithstanding net current liabilities of £66.1 million as of 28 February 2026 (2025: £67.5 million), the consolidated financial statements have been prepared on a going concern basis. Directors prepared cash flow forecasts and received a letter of support from HI Technology Corp, the ultimate parent, confirming funds will be made available for at least 12 months.”
Group structure
- INCOMM EUROPE LIMITED · parent
- InComm Austria GmbH 100%
- InComm Payments Spain, S.L.U. 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HAPP, Stefan | Director | 2019-06-01 | Feb 1964 | American |
| SMITH, Merrill Brooks | Director | 2005-03-31 | Feb 1955 | American |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BISHOP, Stephen Richard | Secretary | 2005-04-07 | 2008-04-30 |
| EVASON, Philip Anthony | Secretary | 2008-04-28 | 2011-10-31 |
| POPE, Timothy | Secretary | 2011-11-01 | 2019-06-01 |
| HAMMONDS SECRETARIES LIMITED | Corporate Nominee Secretary | 2004-12-30 | 2005-03-31 |
| BISHOP, Stephen Richard | Director | 2005-04-07 | 2008-04-30 |
| EVASON, Philip Anthony | Director | 2008-04-28 | 2011-10-31 |
| GRAVES, Phillip Craig | Director | 2005-03-31 | 2019-06-01 |
| LOWIN, Leslie George | Director | 2005-04-07 | 2008-04-30 |
| MONACO, Frank | Director | 2016-06-22 | 2020-05-12 |
| OSGOOD, Simon | Director | 2017-02-03 | 2020-05-12 |
| PHILLIPS, Shaun David | Director | 2011-11-01 | 2017-02-03 |
| POPE, Timothy | Director | 2011-11-01 | 2019-06-01 |
| TAYLOR, Kenneth | Director | 2005-03-31 | 2009-01-15 |
| HAMMONDS DIRECTORS LIMITED | Corporate Nominee Director | 2004-12-30 | 2005-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Merrill Brooks Smith | Individual | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 102 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-29 | AA | accounts | Accounts with accounts type group | |
| 2026-05-14 | CH01 | officers | Change person director company with change date | |
| 2026-05-11 | CH01 | officers | Change person director company with change date | |
| 2026-02-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-30 | AA | accounts | Accounts with accounts type group | |
| 2025-02-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-11 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-02-11 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-02-10 | CH01 | officers | Change person director company with change date | |
| 2024-08-13 | AA | accounts | Accounts with accounts type group | |
| 2024-03-12 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-02-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-25 | AA | accounts | Accounts with accounts type group | |
| 2023-04-19 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2023-04-06 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2023-01-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-11-09 | AA | accounts | Accounts with accounts type group | |
| 2022-06-27 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2022-06-27 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2022-06-27 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date |
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.