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Next accounts due

2026-12-31 (in 7mo)

Last filed for 2025-03-31

Confirmation statement due

2026-02-11

Overdue

Watchouts

1 item

Cash

£15M

-59.5% vs 2024

Net assets

£10M

-69.1% vs 2024

Employees

440

-0.7% vs 2024

Profit before tax

-£33M

+11.3% vs 2024

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

Accounts

2-year trend · latest reflected 2025-03-31

Metric Trend 2024-03-312025-03-31
Turnover £42,263,236£47,428,878
Operating profit -£31,668,233-£31,679,713
Profit before tax -£36,749,387-£32,585,396
Net profit -£31,591,347-£25,946,275
Cash £36,455,852£14,769,792
Total assets less current liabilities £60,270,367£35,415,200
Net assets £33,286,368£10,272,216
Equity £33,286,368£10,272,216
Average employees 443440
Wages £37,633,114£39,391,450
Directors' remuneration £495,509£582,214

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

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 2024-03-312025-03-31
Operating margin -74.9%-66.8%
Net margin -74.7%-54.7%
Return on capital employed -52.5%-89.5%
Gearing (liabilities / total assets) 63.7%84.6%
Current ratio 1.68x1.05x
Interest cover -9.96x-10.30x

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
IFRS
Reporting scope
Consolidated group
Auditor
PricewaterhouseCoopers LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The directors have considered the consequences of global economic uncertainty, global conflicts and climate change, and have determined these do not create material uncertainty or cast doubt upon the entity's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.”

Group structure

  1. IVXS UK LIMITED · parent
    1. IVXS Technology Romania Sarl 100% · Romania · Provision of IT services
    2. IVXS Technology USA Inc 100% · New York · Sales and marketing
    3. IVXS Technology SG Pte Ltd 100% · Singapore · Sales and marketing
    4. Golden Recursion Inc 100% · Delaware · Provision of IT services
    5. Mango Intermediate LLC 100% · New York · Holding Company

Significant events

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

People

6 active · 1 resigned

Name Role Appointed Born Nationality
BUNTING, Timothy Brian Director 2016-03-07 Aug 1963 British
DELINGPOLE, Charles Kenneth Director 2014-03-28 Nov 1982 British
DUGGAN, Avid Larizadeh Director 2021-12-01 Dec 1978 French
HAMMER, Jan Director 2018-12-27 Sep 1976 British
NARASIMHA, Vatsa Director 2020-08-10 Sep 1974 American
PILLING, Christopher Charles Director 2018-06-01 Jun 1966 British
Show 1 resigned officer
Name Role Appointed Resigned
FANARI, Maggie Director 2020-07-16 2021-12-01

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Mr Charles Kenneth Delingpole Individual Shares 25–50%, Voting 25–50%, Appoints directors 2016-04-06 Active

Filing timeline

Last 20 of 122 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2024-03-19 RESOLUTIONS Resolution
Date Type Category Description
2025-11-12 AA accounts Accounts with accounts type group
2025-08-21 MR04 mortgage Mortgage satisfy charge full PDF
2025-08-21 MR04 mortgage Mortgage satisfy charge full PDF
2025-08-01 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2025-06-02 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2025-06-02 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2025-05-29 MR04 mortgage Mortgage satisfy charge full PDF
2025-05-29 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2025-05-29 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2025-05-28 CS01 confirmation-statement Confirmation statement with updates PDF
2025-05-27 SH01 capital Capital allotment shares PDF
2025-05-27 SH01 capital Capital allotment shares PDF
2025-05-23 SH01 capital Capital allotment shares PDF
2025-05-23 SH01 capital Capital allotment shares PDF
2024-12-10 AA accounts Accounts with accounts type group
2024-03-26 CS01 confirmation-statement Confirmation statement with updates PDF
2024-03-26 SH01 capital Capital allotment shares PDF
2024-03-26 SH01 capital Capital allotment shares PDF
2024-03-25 SH01 capital Capital allotment shares PDF
2024-03-19 RESOLUTIONS resolution Resolution

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
14

last 12 months

Capital events
4

last 24 months

Officers appointed
0

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.

Official Companies House page