IKAN PROJECTS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-26 (in 10mo)
Last made up 2026-03-12
Watchouts
None on the register
Cash
£4M
highest in 6 filed years
Net assets
£6M
highest in 4 filed years
Employees
60
Average over period
Profit before tax
£2M
Period ending 2024-12-31
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £17,510,444 | £12,484,147 | |
| Operating profit | — | — | — | — | £2,324,193 | £2,162,917 | |
| Profit before tax | — | — | — | — | £2,318,160 | £2,162,765 | |
| Net profit | — | — | £610,442 | £808,202 | £1,726,348 | £1,675,793 | |
| Cash | £646,104 | £420,812 | £884,740 | £257,152 | £2,770,040 | £4,216,601 | |
| Total assets less current liabilities | £41,822 | £85,392 | — | — | £3,874,647 | £5,550,440 | |
| Net assets | — | — | — | — | £3,874,647 | £5,550,440 | |
| Equity | — | — | — | — | £3,874,647 | £5,550,440 | |
| Average employees | 0 | 0 | 0 | 0 | 70 | 60 | |
| Wages | — | — | £0 | £0 | £3,589,810 | £3,026,930 | |
| Directors' remuneration | — | — | — | — | £501,769 | £303,544 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2024 · period ending 2024-12-31 vs 2024-03-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 13.3% | 17.3% | |
| Net margin | — | — | — | — | 9.9% | 13.4% | |
| Return on capital employed | — | — | — | — | 60.0% | 39.0% | |
| Current ratio | — | — | — | — | 1.76x | 2.65x | |
| Interest cover | — | — | — | — | 3495.03x | 14229.72x |
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
- Saffery LLP
- 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 group's and parent 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.”
Group structure
- IKAN PROJECTS LIMITED · parent
- Electracom Projects (UK) Limited 100%
- Electracom Services (UK) Limited 100%
Significant events
- “The year has been very eventful and exciting for Ikan Group securing a new investor for the business, Fr Sauter AG. The investment provides stability, security and financial support for the workforce we employ, our supply chain and valued clients.”
- “During the period, the Group continued to invest in research and development across several key projects. These included the ongoing development of a dynamic billing platform for real-time, precision-based energy apportionment and loss allocation; an advanced integration and analytics framework to unify diverse Building Management Systems (BMS); a passive optical networking solution to enhance data transmission; and improvements to BMS data analytics aimed at increasing the accuracy of real-time energy monitoring.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BIPPUS, Philippe | Director | 2024-10-25 | Aug 1972 | Swiss |
| CLINCH, Mark John | Director | 2024-10-25 | Apr 1969 | British |
| GILBERT, Robert Ian | Director | 2016-12-15 | Apr 1968 | British |
| GOODHEAD, Neil | Director | 2021-02-19 | Feb 1973 | British |
| KARLEN, Werner | Director | 2024-10-25 | Jan 1967 | Swiss |
| MCKENZIE, Andrew Turner | Director | 2024-10-25 | Nov 1981 | British |
| OTTILINGER, Werner | Director | 2024-10-25 | Sep 1963 | German |
| OVERMAN, Kerry Mark | Director | 2012-03-12 | Apr 1963 | British |
| SEATON, Nicholas James | Director | 2016-12-15 | Jan 1967 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Fr. Sauter Ag | Corporate entity | ownership-of-shares-75-to-100-percent-as-firm, voting-rights-75-to-100-percent-as-firm | 2024-10-25 | Active |
| Nicholas James Seaton | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2019-12-01 |
| Mr Kerry Mark Overman | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2019-04-06 |
| Mr Robert Ian Gilbert | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2019-04-06 |
Filing timeline
Last 20 of 92 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-11-06 MA Memorandum articles
- 2024-10-27 MA Memorandum articles
- 2024-10-27 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-15 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-06-03 | AA | accounts | Accounts with accounts type group | |
| 2025-03-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-26 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-03-26 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2024-11-06 | MA | incorporation | Memorandum articles | |
| 2024-11-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-29 | AA01 | accounts | Change account reference date company current shortened | |
| 2024-10-27 | MA | incorporation | Memorandum articles | |
| 2024-10-27 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-24 | SH08 | capital | Capital name of class of shares | |
| 2024-10-22 | SH10 | capital | Capital variation of rights attached to shares | |
| 2024-10-18 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-10-18 | SH20 | capital | Legacy | |
| 2024-10-18 | CAP-SS | insolvency | Legacy |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 4
- 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.