INTELLIGENT ULTRASOUND LIMITED
A subsidiary of AIM-listed Intelligent Ultrasound Group plc, the company develops artificial intelligence-based clinical image analysis software and virtual reality training simulators for the medical ultrasound market.
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Cash
£1.6M
+231.5% vs 2024
Net assets
£2.7M
+139.8% vs 2024
Employees
9
-59.1% vs 2024
Profit before tax
£37M
+17,091.3% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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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.
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1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £1,356,000 | £1,003,000 | -26% | |
| Operating profit | -£100,000 | £36,888,000 | +36,988% | |
| Profit before tax | -£218,000 | £37,041,000 | +17,091.3% | |
| Net profit | -£218,000 | £37,041,000 | +17,091.3% | |
| Cash | £476,000 | £1,578,000 | +231.5% | |
| Total assets less current liabilities | -£6,823,000 | £2,717,000 | +139.8% | |
| Net assets | -£6,823,000 | £2,717,000 | +139.8% | |
| Equity | — | £2,717,000 | — | |
| Average employees | 22 | 9 | -59.1% | |
| Wages | £1,090,000 | — | — | |
| Directors' remuneration | £0 | £0 | — |
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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | -7.4% | — | |
| Net margin | -16.1% | — | |
| Return on capital employed | — | 1357.7% | |
| Gearing (liabilities / total assets) | 392.2% | 0.0% | |
| Current ratio | 0.12x | — | |
| Interest cover | -0.85x | — |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- 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
People
4 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| OAKWOOD CORPORATE SECRETARY LIMITED | Corporate Secretary | 2025-05-09 | — | — |
| JONES, Katherine Ann | Director | 2024-10-01 | Oct 1976 | British |
| MILLER, Rowena Gillian | Director | 2024-10-01 | Jun 1978 | British |
| YODER, Karley | Director | 2024-10-01 | Apr 1988 | American |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JENNINGS, Wilson Whitehead | Secretary | 2018-03-06 | 2019-12-31 |
| JONES, Helen Mary Kinsey | Secretary | 2020-01-01 | 2024-10-01 |
| IP2IPO SERVICES LIMITED | Corporate Secretary | 2015-08-12 | 2017-10-06 |
| LAYTONS SECRETARIES LIMITED | Corporate Secretary | 2012-06-15 | 2015-08-12 |
| BARKER, Andrew Charles | Director | 2012-07-31 | 2022-12-31 |
| BRINDLE, Stephen | Director | 2012-07-31 | 2016-06-22 |
| GALL, Stuart Arthur | Director | 2017-10-06 | 2024-10-01 |
| HILL, Andrew | Director | 2012-06-15 | 2015-01-31 |
| JENNINGS, Wilson Whitehead | Director | 2017-10-06 | 2019-12-31 |
| JONES, Helen Mary Kinsey | Director | 2020-01-01 | 2024-10-01 |
| MCLEAN, Lisa Caroline | Director | 2012-06-15 | 2012-06-15 |
| NOBLE, Julia Alison, Professor | Director | 2012-07-31 | 2023-03-08 |
| SLEEP, Nicholas James | Director | 2017-10-06 | 2024-10-01 |
| WHITTICASE, James Edward, Dr | Director | 2015-05-18 | 2016-01-26 |
| IP2IPO SERVICES LIMITED | Corporate Director | 2014-10-02 | 2017-10-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| One Ge Healthcare Uk | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-10-01 | Active |
| Intelligent Ultrasound Group Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-10-06 | Ceased 2024-10-01 |
| Ip2ipo Portfolio (Gp) Limited | Corporate entity | Significant influence | 2016-06-13 | Ceased 2017-10-06 |
| Ip Venture Fund Ii (Gp) Llp | Corporate entity | Significant influence | 2016-04-06 | Ceased 2017-10-06 |
Filing timeline
Last 20 of 111 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-29 | AA | accounts | Accounts with accounts type full | |
| 2025-12-12 | SH20 | capital | Legacy | |
| 2025-12-12 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-12-12 | CAP-SS | insolvency | Legacy | |
| 2025-12-12 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-02 | AA | accounts | Accounts with accounts type small | |
| 2025-07-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-15 | AD03 | address | Move registers to sail company with new address | |
| 2025-05-14 | AD02 | address | Change sail address company with old address new address | |
| 2025-05-14 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-05-14 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2024-10-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-02 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-10-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-02 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 2
- 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.