IVY NETWORK TECHNOLOGY U.K. LIMITED
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Cash
£1.2m
USD 1,480,840
Latest balance sheet
Net assets
£1.9m
USD 2,465,279
Equity attributable
Employees
36
Average over period
Profit before tax
-£586k
USD -747,289
Period ending 2023-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
1-year trend · vs Telecommunications median
Accounts
1-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | Δ vs prior |
|---|---|---|---|
| Turnover | £6,935,060 | — | |
| Operating profit | -£508,201 | — | |
| Profit before tax | -£586,201 | — | |
| Net profit | -£454,658 | — | |
| Cash | £1,161,625 | — | |
| Total assets less current liabilities | £1,933,856 | — | |
| Net assets | £1,933,856 | — | |
| Equity | £1,933,856 | — | |
| Average employees | 36 | — | |
| Wages | £2,467,424 | — | |
| Directors' remuneration | — | — |
Figures converted to GBP from USD at 0.784 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 —. Year-on-year comparison hidden: this filing's period length differs materially from the prior year. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 |
|---|---|---|
| Operating margin | -7.3% | |
| Net margin | -6.6% | |
| Return on capital employed | -26.3% | |
| Gearing (liabilities / total assets) | 66.1% | |
| Current ratio | 1.50x | |
| Interest cover | -6.52x |
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
- IVY NETWORK TECHNOLOGY U.K. LIMITED 2019-09-09 → present
- IQOR NETWORK TECHNOLOGY U.K. LTD 2014-10-29 → 2019-09-09
- TELMAR NETWORK TECHNOLOGY LIMITED 2012-01-23 → 2014-10-29
- JABIL TELMAR NETWORK TECHNOLOGY LTD 2011-12-22 → 2012-01-23
- TELMAR NETWORK TECHNOLOGY LTD 2006-02-16 → 2011-12-22
Audit & accounting basis
- Accounting basis
- FRS 102
- Auditor
- MHA Statutory Auditors
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared using the going concern basis of accounting. The Directors have reviewed the Company's going concern position taking into account its current business activities, budgeted performance and factors likely to affect its future performance. Based on the information contained within the accounts the Directors have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.”
Significant events
- “Since the balance sheet date, Donal Anthony Breen resigned as a director on 23 January 2026, and Frank Wilson was appointed as a director on 31 March 2026. These are non-adjusting events and do not affect the amounts recognised in these financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DAVIDSON CHALMERS STEWART (SECRETARIAL SERVICES) LIMITED | Corporate Secretary | 2014-06-26 | — | — |
| DONNELLY, Caitriona Patricia | Director | 2020-07-20 | Dec 1974 | Irish |
| HARRISON, David Richard | Director | 2019-10-07 | Feb 1975 | British |
| ORLEANS, John Douglas | Director | 2020-07-20 | May 1972 | Irish |
| WILSON, Frank | Director | 2026-03-31 | Jun 1989 | Irish |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DASTOOR, Michael | Secretary | 2011-12-01 | 2014-04-01 |
| JONES, Alan Michael | Secretary | 2006-02-20 | 2011-12-01 |
| MONTENARO, Daniel Leo | Secretary | 2014-04-01 | 2015-02-09 |
| RIDHA, Ayad | Secretary | 2006-02-16 | 2006-02-20 |
| BREEN, Donal Anthony | Director | 2020-07-20 | 2026-01-23 |
| BUSTER, Dennis | Director | 2009-06-18 | 2009-08-31 |
| CADAVID, Sergio Alonso | Director | 2011-12-01 | 2014-04-01 |
| CHESSER, John Allan | Director | 2014-04-01 | 2015-01-16 |
| DASTOOR, Michael | Director | 2011-12-01 | 2014-04-01 |
| GREFF, Brian | Director | 2011-12-01 | 2015-01-16 |
| KIDWELL, John | Director | 2006-02-20 | 2009-06-03 |
| LAD, Ashvin | Director | 2015-01-16 | 2019-08-19 |
| MARCOVICI, Thomas | Director | 2006-02-16 | 2006-02-20 |
| MATTEWS, Jacqueline Anne | Director | 2006-06-06 | 2009-10-01 |
| MCADAM, John | Director | 2006-02-20 | 2009-06-03 |
| MCALPINE, John Harold | Director | 2009-06-18 | 2011-12-01 |
| MONTENARO, Daniel Leo | Director | 2014-04-01 | 2018-05-18 |
| NEWMYER, Grant Richard | Director | 2015-01-18 | 2018-10-18 |
| O'NEILL, Paul Mark | Director | 2015-01-16 | 2018-04-16 |
| PICKETT, Steven | Director | 2009-06-18 | 2011-12-01 |
| POSZTOS, Aniko Katalin | Director | 2018-05-18 | 2020-07-20 |
| RIDHA, Ayad | Director | 2006-02-16 | 2006-02-20 |
| SHARMA, Jai Parkash | Director | 2006-06-06 | 2009-10-01 |
| VAN PUIJENBROEK, Paul | Director | 2006-02-20 | 2009-06-03 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 135 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-07 MA Memorandum articles
- 2026-06-07 RESOLUTIONS Resolution
- 2026-06-04 CC04 Statement of companys objects
- 2023-12-15 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-10 | AA | accounts | Accounts with accounts type full | |
| 2026-06-07 | MA | incorporation | Memorandum articles | |
| 2026-06-07 | RESOLUTIONS | resolution | Resolution | |
| 2026-06-04 | CC04 | change-of-constitution | Statement of companys objects | |
| 2026-03-31 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-29 | AA | accounts | Accounts with accounts type full | |
| 2025-02-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-14 | AA | accounts | Accounts with accounts type small | |
| 2024-02-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-18 | CH01 | officers | Change person director company with change date | |
| 2023-12-18 | CH01 | officers | Change person director company with change date | |
| 2023-12-18 | CH01 | officers | Change person director company with change date | |
| 2023-12-15 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2023-12-15 | SH20 | capital | Legacy | |
| 2023-12-15 | CAP-SS | insolvency | Legacy | |
| 2023-12-15 | RESOLUTIONS | resolution | Resolution | |
| 2023-12-12 | AA | accounts | Accounts with accounts type full | |
| 2023-04-19 | 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
- 7
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.