IVEGATE DEVELOPMENTS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-24 (in 1mo)
Last made up 2025-06-10
Watchouts
None on the register
Cash
£6M
Latest balance sheet
Net assets
£7M
highest in 3 filed years
Employees
93
Average over period
Profit before tax
£1M
Period ending 2024-12-31
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-06-30 | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £22,924,368 | £46,320,452 | |
| Operating profit | — | — | — | — | £1,351,097 | £1,488,024 | |
| Profit before tax | — | — | — | — | £1,340,281 | £1,467,848 | |
| Net profit | — | £565,461 | £1,134,009 | — | £1,136,486 | £1,656,244 | |
| Cash | £1 | £195,000 | £332,482 | — | £5,884,903 | £5,857,467 | |
| Total assets less current liabilities | £185,180 | — | — | — | £6,211,891 | £7,078,655 | |
| Net assets | — | — | — | — | £6,056,391 | £7,002,155 | |
| Equity | £185,180 | — | — | £4,696,467 | £6,056,391 | £7,002,155 | |
| Average employees | 0 | 1 | 1 | — | 93 | 93 | |
| Wages | — | £0 | £0 | — | £1,729,295 | £3,782,946 | |
| Directors' remuneration | — | — | — | — | — | — |
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-06-30 | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 5.9% | 3.2% | |
| Net margin | — | — | — | — | 5.0% | 3.6% | |
| Return on capital employed | — | — | — | — | 21.8% | 21.0% | |
| Gearing (liabilities / total assets) | — | — | — | — | 64.6% | 61.8% | |
| Current ratio | — | — | — | — | 1.44x | 1.51x | |
| Interest cover | — | — | — | — | 124.92x | 61.39x |
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 2 times since incorporation
- IVEGATE DEVELOPMENTS LIMITED 2018-10-22 → present
- IVEGATE LIMITED 2017-05-13 → 2018-10-22
- HUEL LTD 2014-06-10 → 2017-05-13
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Buckle Barton Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the director has a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- IVEGATE DEVELOPMENTS LIMITED · parent
- Ivegate Limited 70%
- Ivegate Renewable Energy Limited 90%
- Ivegate Group Limited 70%
Significant events
- “The trading period to December 2024 was more challenging than anticipated with the demise of ISG. The group was otherwise in good health at the time of their administration with all issues from previous periods being resolved, cash still strong and a profitable order book but the administration of ISG left an exposure of £3.8m to Ivegate in September 2024.”
- “The Directors took swift action and were able to engage directly with the client (BT) for the main project we were working on for ISG and stepped in as principal contractor to complete the project. This was around October 2024 with the project due to complete by April 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HUDSON, Andrew Stephen | Director | 2014-06-10 | Oct 1985 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Andrew Stephen Hudson | Individual | Shares 75–100% | 2019-04-01 | Active |
Filing timeline
Last 20 of 44 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-05 | CH01 | officers | Change person director company with change date | |
| 2026-01-05 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-06-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-08 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-05-08 | CH01 | officers | Change person director company with change date | |
| 2024-03-28 | AA | accounts | Accounts with accounts type group | |
| 2024-03-28 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-03-28 | AA | accounts | Accounts with accounts type group | |
| 2023-08-03 | AAMD | accounts | Accounts amended with accounts type total exemption full | |
| 2023-06-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-31 | AA | accounts | Accounts with accounts type group | |
| 2023-02-28 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2022-06-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-03-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-02-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-02-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-11-12 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.