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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2027-03-02 (in 10mo)

Last made up 2026-02-16

Watchouts

None on the register

Cash

£2M

USD 2,858,908

+93.1% highest in 4 filed years

Net assets

£280K

USD 374,953

-84.8% first positive since 2020

Employees

36

0% vs 2023

Profit before tax

£257K

USD 344,249

+146.1% vs 2023

Accounts

5-year trend · latest reflected 2024-12-31

Metric Trend 2019-01-012019-12-312020-12-312023-12-312024-12-31
Turnover £6,608,966£13,017,076
Operating profit -£484,305£341,672
Profit before tax -£558,637£257,344
Net profit £255,543£1,816,690-£433,280£130,112
Cash £87,471£26,505£1,107,005£2,137,182
Total assets less current liabilities -£1,830,461-£50,645£1,842,924£280,297
Net assets -£1,830,461-£50,645£1,842,924£280,297
Equity -£2,086,005-£1,830,461-£50,645£1,842,924£280,297
Average employees 29343636
Wages £2,351,403£6,105,027
Directors' remuneration

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. 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

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 2019-01-012019-12-312020-12-312023-12-312024-12-31
Operating margin -7.3%2.6%
Net margin -6.6%1.0%
Return on capital employed -26.3%121.9%
Current ratio 1.50x1.04x
Interest cover -6.52x4.05x

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

  1. IVY NETWORK TECHNOLOGY U.K. LIMITED 2019-09-09 → present
  2. IQOR NETWORK TECHNOLOGY U.K. LTD 2014-10-29 → 2019-09-09
  3. TELMAR NETWORK TECHNOLOGY LIMITED 2012-01-23 → 2014-10-29
  4. JABIL TELMAR NETWORK TECHNOLOGY LTD 2011-12-22 → 2012-01-23
  5. TELMAR NETWORK TECHNOLOGY LTD 2006-02-16 → 2011-12-22

Audit & accounting basis

Accounting basis
FRS 102
Reporting scope
Standalone (parent only)
Auditor
MHA
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

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

No persons with significant control on record.

Filing timeline

Last 20 of 131 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2023-12-15 RESOLUTIONS Resolution
Date Type Category Description
2026-03-31 AP01 officers Appoint person director company with name date PDF
2026-03-30 CS01 confirmation-statement Confirmation statement with no updates PDF
2026-03-30 TM01 officers Termination director company with name termination date PDF
2025-07-29 AA accounts Accounts with accounts type full
2025-02-19 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-11-14 AA accounts Accounts with accounts type small
2024-02-20 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-12-18 CH01 officers Change person director company with change date PDF
2023-12-18 CH01 officers Change person director company with change date PDF
2023-12-18 CH01 officers Change person director company with change date PDF
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 PDF
2023-04-19 RP04CS01 confirmation-statement Second filing of confirmation statement with made up date PDF
2023-04-19 RP04CS01 confirmation-statement Second filing of confirmation statement with made up date PDF
2023-04-19 RP04CS01 confirmation-statement Second filing of confirmation statement with made up date PDF
2023-03-09 CH01 officers Change person director company with change date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
4

last 12 months

Capital events
0

last 24 months

Officers appointed
1

last 12 months

Officers resigned
1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page