INDIGO PIPELINES HOLDCO 1 LIMITED
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Cash
£2.6m
-59.8% lowest in 3 filed years
Net assets
£9.5m
-27.1% lowest in 3 filed years
Employees
59
+59.5% highest in 3 filed years
Profit before tax
-£123k
-105% lowest in 3 filed years
Net assets
3-year trend · vs Utilities median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £21,898,000 | £24,155,000 | £26,436,000 | +9.4% | |
| Operating profit | £5,881,000 | £7,775,000 | £6,751,000 | -13.2% | |
| Profit before tax | £868,000 | £2,482,000 | -£123,000 | -105% | |
| Net profit | -£300,000 | £1,931,000 | -£774,000 | -140.1% | |
| Cash | £6,373,000 | £6,346,000 | £2,550,000 | -59.8% | |
| Total assets less current liabilities | £99,411,000 | £110,646,000 | £115,374,000 | +4.3% | |
| Net assets | £13,128,000 | £13,056,000 | £9,521,000 | -27.1% | |
| Equity | £13,128,000 | £13,056,000 | £9,521,000 | -27.1% | |
| Average employees | 19 | 37 | 59 | +59.5% | |
| Wages | £1,222,000 | £2,502,000 | £3,917,000 | +56.6% | |
| Directors' remuneration | £1,082,000 | £828,000 | £806,000 | -2.7% | |
| Directors' pension contributions | £33,000 | £40,000 | £28,000 | -30% | |
| Highest paid director | £425,350 | £495,000 | £607,000 | +22.6% |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 26.9% | 32.2% | 25.5% | |
| Net margin | -1.4% | 8.0% | -2.9% | |
| Return on capital employed | 5.9% | 7.0% | 5.9% | |
| Gearing (liabilities / total assets) | 87.9% | 89.8% | 92.9% | |
| Current ratio | 1.02x | 0.70x | 0.57x | |
| Interest cover | 1.16x | 1.44x | 0.97x |
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 1 time since incorporation
- INDIGO PIPELINES HOLDCO 1 LIMITED 2014-05-29 → present
- MM&S (5826) LIMITED 2014-04-15 → 2014-05-29
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Board of Directors expects that the strong operational and financial performance of the business will continue into 2026/27 and beyond, in line with its business plan. The Group has borrowing arrangements in place with external lenders, which are subject to regular covenant testing. The Group's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the Group should be able to continue to be cash generative going forward. The forecasts give due regard to available banking facilities and show that the Group and Company will continue to remain within related covenant requirements. Consequently, management do not believe that there is a significant risk of a material reduction to gas transportation revenue in the 12 months from the signing of the accounts.”
Group structure
- INDIGO PIPELINES HOLDCO 1 LIMITED · parent
- Indigo Pipelines Holdco 2 Limited 100%
- Indigo Pipelines Limited 100%
- Indigo Power Limited 100%
- Indigo Water Limited 100%
- Indigo Meters Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DELANEY, Adam Karl | Director | 2020-10-09 | Jan 1980 | British |
| HAZELWOOD, Charles John Gore | Director | 2019-02-28 | Jul 1963 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DENTONS SECRETARIES LIMITED | Corporate Secretary | 2017-10-27 | 2017-10-27 |
| MACLAY MURRAY & SPENS LLP | Corporate Secretary | 2014-04-15 | 2014-09-18 |
| DELANEY, Adam Karl | Director | 2017-04-12 | 2019-02-28 |
| LE SUEUR, Gary De Vinchelez | Director | 2014-05-28 | 2019-02-28 |
| LOW, Andrew William Lochhead | Director | 2014-09-01 | 2019-02-28 |
| ROBINSON, Tony | Director | 2014-11-24 | 2019-02-28 |
| TOOR, Surinder Singh | Director | 2019-02-28 | 2020-10-09 |
| TRUESDALE, Christine | Director | 2014-04-15 | 2014-05-14 |
| VINDEX LIMITED | Corporate Director | 2014-04-15 | 2014-05-28 |
| VINDEX SERVICES LIMITED | Corporate Director | 2014-04-15 | 2014-05-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Edingho Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-02-28 | Active |
| Sep Ecf Gp Llp | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2019-02-28 |
| Scottish Equity Partners Llp | Corporate entity | Appoints directors | 2016-04-06 | Ceased 2019-02-28 |
Filing timeline
Last 20 of 80 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-09 | AA | accounts | Accounts with accounts type group | |
| 2026-06-03 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-03 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-07-25 | AA | accounts | Accounts with accounts type group | |
| 2025-04-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-29 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-07-24 | AA | accounts | Accounts with accounts type group | |
| 2024-04-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-24 | AA | accounts | Accounts with accounts type group | |
| 2023-05-30 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-04-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-04-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-03-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-07-19 | AA | accounts | Accounts with accounts type group | |
| 2022-04-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-27 | AA | accounts | Accounts with accounts type group | |
| 2021-04-21 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.