IX REACH INTERNATIONAL LTD
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Cash
£55k
+53.9% highest in 4 filed years
Net assets
£386k
-9.7% vs 2024
Employees
1
0% vs 2024
Profit before tax
-£41k
-131.9% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
The directors have ongoing restructuring plans within IXR Group. The going concern basis of preparation is no longer appropriate and therefore management does not prepare the financial statements on a going concern basis (see Note 2.1).
-
Going-concern uncertainty disclosed
Net assets
4-year trend · vs Technology median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | — | £422,096 | £137,313 | -67.5% | |
| Operating profit | — | — | £112,874 | -£54,267 | -148.1% | |
| Profit before tax | — | — | £129,918 | -£41,493 | -131.9% | |
| Net profit | — | — | £129,918 | -£41,493 | -131.9% | |
| Cash | £20,676 | £49,356 | £35,748 | £55,022 | +53.9% | |
| Total assets less current liabilities | £79,306 | £289,438 | — | — | — | |
| Net assets | £79,306 | £289,438 | £427,807 | £386,314 | -9.7% | |
| Equity | £79,306 | £289,438 | £427,807 | £386,314 | -9.7% | |
| Average employees | 0 | 0 | 1 | 1 | 0% | |
| Wages | — | — | — | — | — | |
| 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 | 2021-12-31 | 2022-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | 26.7% | -39.5% | |
| Net margin | — | — | 30.8% | -30.2% | |
| Gearing (liabilities / total assets) | 90.0% | 80.9% | 79.8% | 81.7% | |
| Current ratio | — | — | 1.25x | 1.22x |
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 3 times since incorporation
- IX REACH INTERNATIONAL LTD 2017-11-01 → present
- CONSOLE TECHNOLOGY SERVICES LIMITED 2016-05-27 → 2017-11-01
- ALLEGRO NETWORKS LIMITED 2012-12-12 → 2016-05-27
- SHOO 572 LIMITED 2012-08-06 → 2012-12-12
Audit & accounting basis
- Accounting basis
- FRS 102 Section 1A - small entities
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“The directors have ongoing restructuring plans within IXR Group. The going concern basis of preparation is no longer appropriate and therefore management does not prepare the financial statements on a going concern basis (see Note 2.1).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| OURABAH, Michael | Director | 2019-04-05 | Oct 1982 | French |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SHOOSMITHS SECRETARIES LIMITED | Corporate Secretary | 2012-08-06 | 2012-10-02 |
| BESWICK, Giles Peter | Director | 2012-10-02 | 2014-10-17 |
| BROOKSHAW, Oliver Chitty | Director | 2012-08-06 | 2012-10-02 |
| BURGIO, Al | Director | 2014-10-17 | 2017-01-23 |
| BURROWS, Jonathan James | Director | 2013-03-13 | 2013-12-13 |
| DAVIDSON, Andrew John Barry | Director | 2013-06-27 | 2015-05-21 |
| MCADOO, John | Director | 2017-02-02 | 2017-10-05 |
| STOTT, Mark David | Director | 2012-10-02 | 2014-10-17 |
| TATTERSALL, Clare | Director | 2017-02-02 | 2019-04-05 |
| THORNHILL, Jonathan | Director | 2012-11-01 | 2013-12-13 |
| WILCOX, Stephen James | Director | 2018-07-01 | 2023-02-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Stephen James Wilcox | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-10-07 | Ceased 2017-10-07 |
| Mr Al Burgio | Individual | Significant influence | 2016-04-06 | Ceased 2017-01-23 |
| Ixr Investments Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 81 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-08 | AA | accounts | Accounts with accounts type full | |
| 2026-07-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-01 | AA | accounts | Accounts with accounts type small | |
| 2025-08-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-06 | AA | accounts | Accounts with accounts type small | |
| 2024-08-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-17 | AAMD | accounts | Accounts amended with accounts type small | |
| 2024-01-30 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2023-08-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-03 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-11 | AA | accounts | Accounts with accounts type audited abridged | |
| 2022-09-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-27 | AA | accounts | Accounts with accounts type small | |
| 2020-12-15 | AA01 | accounts | Change account reference date company current extended | |
| 2020-08-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-06-30 | AA | accounts | Accounts with accounts type small | |
| 2019-09-27 | AA01 | accounts | Change account reference date company current shortened | |
| 2019-08-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2019-06-28 | AA | accounts | Accounts with accounts type total exemption full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.