IDEAWORKS (LONDON) GROUP LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-04-14 (in 11mo)
Last made up 2026-03-31
Watchouts
None on the register
Cash
£1M
-40.5% vs 2024
Net assets
£5M
+2.4% highest in 3 filed years
Employees
186
+12% highest in 3 filed years
Profit before tax
£1M
-33.3% vs 2024
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2025-03-31
| Metric | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £29,779,917 | £24,553,916 | |
| Operating profit | — | — | — | — | — | £1,654,176 | £1,025,337 | |
| Profit before tax | — | — | — | — | — | £1,591,467 | £1,062,155 | |
| Net profit | — | — | £1,495,495 | — | — | £1,425,491 | £876,176 | |
| Cash | £76,050 | £164,362 | £454,345 | £138,345 | £51,177 | £2,209,969 | £1,315,690 | |
| Total assets less current liabilities | — | — | £2,618,562 | — | — | £5,316,936 | £5,436,350 | |
| Net assets | — | — | £1,676,036 | — | — | £4,611,637 | £4,724,102 | |
| Equity | £521,842 | £1,354,794 | £1,676,036 | £1,726,351 | £2,514,365 | £4,611,637 | £4,724,102 | |
| Average employees | — | — | 7 | — | — | 166 | 186 | |
| Wages | — | — | £60,031 | — | — | £7,173,609 | £7,865,384 | |
| Directors' remuneration | — | — | — | — | — | £12,570 | £12,570 |
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 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-17.5%
£29,779,917 £24,553,916
-
Cash
-40.5%
£2,209,969 £1,315,690
-
Net assets
+2.4%
£4,611,637 £4,724,102
highest in 3 filed years
-
Employees
+12%
166 186
highest in 3 filed years
-
Operating profit
-38%
£1,654,176 £1,025,337
-
Profit before tax
-33.3%
£1,591,467 £1,062,155
-
Wages
+9.6%
£7,173,609 £7,865,384
highest in 3 filed years
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 5.6% | 4.2% | |
| Net margin | — | — | — | — | — | 4.8% | 3.6% | |
| Return on capital employed | — | — | — | — | — | 31.1% | 18.9% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 72.7% | 67.3% | |
| Current ratio | — | — | — | — | — | 1.12x | 1.14x | |
| Interest cover | — | — | — | — | — | 14.80x | 35.48x |
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
“At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- IDEAWORKS (LONDON) GROUP LIMITED · parent
- Ideaworks (Germany) GmbH 100%
- Ideaworks (London) Limited 100%
- Ideaworks (Monaco) SARL 100%
- Ideaworks Global Limited 100%
- Ideaworks Netherlands B.V. 100%
Significant events
- “In December 2020, Ideaworks (London) Group Limited underwent a partial management buyout, with 44.5% of its share capital acquired by the management team.”
- “We now have a strong and long-term order book, with project deliveries contributing significantly to our growth and providing a solid foundation until 2027/28.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ANDREWS, Kevin David | Secretary | 2013-11-18 | — | — |
| ANDREWS, Kevin David | Director | 2013-11-18 | Jun 1956 | British |
| ANDREWS, Oz Charles | Director | 2016-04-18 | Sep 1990 | British |
| BARRETT, Rex Alexander David | Director | 2014-12-08 | Sep 1977 | British |
| DAINES, Simon John | Director | 2013-11-18 | Oct 1974 | British |
| JONES, Christopher David Charles | Director | 2013-11-18 | May 1979 | British |
| WOOD, Douglas William | Director | 2013-11-18 | Nov 1972 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COTTON, Philip James | Director | 2018-08-31 | 2024-04-10 |
| HORNBY, David Russell | Director | 2014-12-08 | 2018-08-31 |
| KEIR, Stewart | Director | 2014-12-08 | 2020-12-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ideaworks Group Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2020-12-23 | Active |
| Mrs Kim Andrews | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2020-09-16 |
| Mrs Kim Andrews | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2020-09-16 |
| Mr Kevin David Andrews | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-04-06 | Active |
| Mr Kevin David Andrews | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 91 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-04-11 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-11 | AA | accounts | Accounts with accounts type group | |
| 2025-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-13 | AA | accounts | Accounts with accounts type group | |
| 2024-09-26 | CH01 | officers | Change person director company with change date | |
| 2024-04-15 | CH01 | officers | Change person director company with change date | |
| 2024-04-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-04-04 | CH01 | officers | Change person director company with change date | |
| 2024-01-12 | AA | accounts | Accounts with accounts type full | |
| 2023-04-11 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-04-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-04-06 | CH01 | officers | Change person director company with change date | |
| 2022-10-28 | AA | accounts | Accounts with accounts type group | |
| 2022-03-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-10-19 | AA | accounts | Accounts with accounts type group | |
| 2021-09-24 | CH01 | officers | Change person director company with change date | |
| 2021-09-24 | CH01 | officers | Change person director company with change date | |
| 2021-04-11 | RESOLUTIONS | resolution | Resolution | |
| 2021-04-01 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
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.