INTELLIGENT ULTRASOUND LIMITED

• ⚠

  Material uncertainty over going concern

  On 1 August 2025 the directors sold the company's intangible assets and intellectual IP to a fellow group undertaking and now intend to wind the company down so that it becomes dormant. Accordingly, the directors have not prepared the financial statements on a going concern basis.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

• Turnover

  -26%

  £1,356,000 → £1,003,000

• Cash

  +231.5%

  £476,000 → £1,578,000

• Net assets

  +139.8%

  -£6,823,000 → £2,717,000

• Employees

  -59.1%

  22 → 9

• Operating profit

  +36,988%

  -£100,000 → £36,888,000

• Profit before tax

  +17,091.3%

  -£218,000 → £37,041,000

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

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.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

S&W Audit

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“On 1 August 2025 the directors sold the company's intangible assets and intellectual IP to a fellow group undertaking and now intend to wind the company down so that it becomes dormant. Accordingly, the directors have not prepared the financial statements on a going concern basis.”

Significant events

• “Following the sale of IP recognized in other operating income, the company no longer has trading operations and will become dormant.”
• “Included within other operating income is a profit of £37,919,680, arising on the sale by the Company, on 1 August 2025, of all its intellectual property rights to GE Healthcare Medical Technology LLC, a fellow group company, for fair market cash consideration of £39,479,000.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

11

last 12 months

Capital events

2

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

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