I2R PACKAGING SOLUTIONS LIMITED
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Cash
£260k
-53% vs 2024
Net assets
£14m
-10.9% lowest in 3 filed years
Employees
156
-5.5% lowest in 3 filed years
Profit before tax
-£2.4m
-274.2% lowest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £72,095,910 | £55,835,778 | £52,411,231 | -6.1% | |
| Operating profit | £2,157,262 | -£237,645 | -£2,045,598 | -760.8% | |
| Profit before tax | £1,358,691 | -£638,427 | -£2,388,732 | -274.2% | |
| Net profit | £1,078,692 | -£437,205 | -£1,685,429 | -285.5% | |
| Cash | £139,391 | £552,767 | £259,531 | -53% | |
| Total assets less current liabilities | £16,898,728 | £16,353,772 | £13,958,806 | -14.6% | |
| Net assets | £15,841,764 | £15,404,559 | £13,719,130 | -10.9% | |
| Equity | £15,841,764 | £15,404,559 | £13,719,130 | -10.9% | |
| Average employees | 179 | 165 | 156 | -5.5% | |
| Wages | £6,635,551 | £6,703,863 | £6,150,846 | -8.2% | |
| Directors' remuneration | £775,218 | £540,653 | £287,778 | -46.8% | |
| Directors' pension contributions | £56,300 | £44,818 | £22,750 | -49.2% | |
| Highest paid director | £249,924 | £220,515 | £133,078 | -39.7% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 3.0% | -0.4% | -3.9% | |
| Net margin | 1.5% | -0.8% | -3.2% | |
| Return on capital employed | 12.8% | -1.5% | -14.7% | |
| Gearing (liabilities / total assets) | 63.1% | 56.9% | 64.0% | |
| Current ratio | 1.18x | 1.26x | 1.11x | |
| Interest cover | 2.70x | -0.59x | -5.96x |
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
- I2R PACKAGING SOLUTIONS LIMITED 2007-01-17 → present
- CASTLEGATE 456 LIMITED 2006-12-18 → 2007-01-17
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements for the year ended 31 December 2025 have been prepared on the going concern basis. The Directors have determined that the Company has sufficient resources and liquidity facilities, including the utilisation of the invoice finance facility, to meet its obligations...”
Group structure
- I2R PACKAGING SOLUTIONS LIMITED · parent
- i2r Korea Co. Ltd 90%
- i2r Packaging Solutions, Inc. 100%
- i2r North America Inc. 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BECK, Joanne | Secretary | 2012-03-31 | — | — |
| BECK, Joanne | Director | 2022-02-16 | Jun 1968 | British |
| HORNE, Adrian | Director | 2025-02-28 | May 1968 | British |
| MOSCHINI, Luca | Director | 2009-01-08 | Jan 1960 | Italian |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHAPLIN, Richard Jeremy | Secretary | 2007-01-17 | 2012-03-31 |
| CASTLEGATE SECRETARIES LIMITED | Corporate Secretary | 2006-12-18 | 2007-01-17 |
| CHAPLIN, Richard Jeremy | Director | 2007-01-17 | 2012-03-31 |
| HEER, Sukhbinder Singh | Director | 2007-01-17 | 2008-12-31 |
| KNIGHT, James | Director | 2022-12-01 | 2024-05-07 |
| REAY, Peter James | Director | 2007-01-17 | 2025-02-28 |
| WEST, Jonathan Mark | Director | 2007-04-27 | 2024-03-31 |
| CASTLEGATE DIRECTORS LIMITED | Corporate Director | 2006-12-18 | 2007-01-17 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 110 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-08-11 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-28 | AA | accounts | Accounts with accounts type full | |
| 2026-03-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-03-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-13 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-31 | AA | accounts | Accounts with accounts type full | |
| 2024-06-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-08 | CH01 | officers | Change person director company with change date | |
| 2024-04-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-18 | SH01 | capital | Capital allotment shares | |
| 2023-10-18 | SH01 | capital | Capital allotment shares | |
| 2023-10-10 | AAMD | accounts | Accounts amended with accounts type group | |
| 2023-09-29 | AA | accounts | Accounts with accounts type group | |
| 2023-08-11 | RESOLUTIONS | resolution | Resolution | |
| 2023-08-01 | SH01 | capital | Capital allotment shares | |
| 2023-05-09 | 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
- 3
- 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.