IPROOV LIMITED
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Cash
£21M
-34.5% vs 2023
Net assets
£19M
-22.4% vs 2023
Employees
175
+6.7% highest in 4 filed years
Profit before tax
-£7.1M
+36.9% vs 2023
Net assets
4-year trend · vs Telecommunications median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | — | £23,538,464 | £28,300,695 | +20.2% | |
| Operating profit | — | — | -£11,959,956 | -£7,922,476 | +33.8% | |
| Profit before tax | — | — | -£11,217,989 | -£7,083,628 | +36.9% | |
| Net profit | — | — | -£9,592,122 | -£5,642,581 | +41.2% | |
| Cash | £5,024,895 | £3,894,621 | £32,246,333 | £21,115,953 | -34.5% | |
| Total assets less current liabilities | £5,182,688 | £4,237,813 | £25,753,374 | £19,033,162 | -26.1% | |
| Net assets | £4,804,438 | £3,859,563 | £23,922,742 | £18,560,522 | -22.4% | |
| Equity | — | — | £23,922,742 | £18,560,522 | -22.4% | |
| Average employees | 39 | 58 | 164 | 175 | +6.7% | |
| Wages | — | — | £14,620,496 | £15,918,042 | +8.9% | |
| Directors' remuneration | — | — | £219,703 | £283,490 | +29% |
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 | 2019-12-31 | 2020-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | -50.8% | -28.0% | |
| Net margin | — | — | -40.8% | -19.9% | |
| Return on capital employed | — | — | -46.4% | -41.6% | |
| Gearing (liabilities / total assets) | — | — | 47.4% | 47.5% | |
| Current ratio | — | — | 1.99x | 1.82x | |
| Interest cover | — | — | -35.40x | -23.59x |
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
- Consolidated group
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have not identified any material uncertainties or concerns. The Group and the Parent Company have sufficient working capital to continue to trade for the foreseeable future, and therefore the financial statements have been prepared on a going concern basis.”
Group structure
- IPROOV LIMITED · parent
- iProov Research Limited 100%
- iProov Pte Ltd 100%
- iProov Inc 100%
- iProov Netherlands B.V. 100%
- iProve Ltd 100%
- iProov (Canada) Ltd 100%
- iProov Sweden AB 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALLEYN, Edward Sean | Director | 2017-01-27 | May 1960 | British |
| BUD, Andrew Maurice Gordon | Director | 2011-11-30 | Nov 1960 | English |
| RYLAND, Kyle T | Director | 2021-12-22 | Jul 1965 | American |
| SIDES ALEXANDER, Lou Anne | Director | 2022-10-03 | Nov 1960 | American |
| SUGARMAN, Peter Michael | Director | 2015-03-19 | Jan 1960 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Andrew Maurice Gordon Bud | Individual | Shares 25–50% | 2016-07-01 | Active |
Filing timeline
Last 20 of 93 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-10-09 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-04 | AA | accounts | Accounts with accounts type group | |
| 2025-09-29 | SH01 | capital | Capital allotment shares | |
| 2025-09-29 | SH01 | capital | Capital allotment shares | |
| 2025-03-31 | SH01 | capital | Capital allotment shares | |
| 2025-03-27 | SH01 | capital | Capital allotment shares | |
| 2025-03-26 | SH01 | capital | Capital allotment shares | |
| 2025-02-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-29 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-01-28 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-01-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-14 | AA | accounts | Accounts with accounts type group | |
| 2024-08-14 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2023-12-29 | SH10 | capital | Capital variation of rights attached to shares | |
| 2023-12-26 | SH01 | capital | Capital allotment shares | |
| 2023-12-18 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-11-28 | AA | accounts | Accounts with accounts type group | |
| 2023-11-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-09 | RESOLUTIONS | resolution | Resolution | |
| 2023-10-05 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 5
- 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.