IFSE GROUP LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-08-26 (in 3mo)
Last made up 2025-08-12
Watchouts
None on the register
Cash
£1M
+45.5% vs 2024
Net assets
£1M
-12.3% vs 2024
Employees
50
+19% highest in 6 filed years
Profit before tax
£237K
-52.1% vs 2024
Net assets
10-year trend · vs Industrials median
Accounts
10-year trend · latest reflected 2025-03-31
| Metric | Trend | 2020-03-31 | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | — | — | £12,236,830 | £14,641,873 | |
| Operating profit | — | — | — | — | — | — | — | — | £520,452 | £264,041 | |
| Profit before tax | — | — | — | — | — | — | — | — | £496,081 | £237,489 | |
| Net profit | £317,100 | — | — | — | -£46,060 | — | £575,700 | — | £343,825 | £152,253 | |
| Cash | — | — | — | — | — | — | — | — | £769,724 | £1,119,576 | |
| Total assets less current liabilities | — | — | — | — | — | — | — | — | £1,348,391 | £1,224,386 | |
| Net assets | — | — | — | — | — | — | — | — | £1,142,394 | £1,002,396 | |
| Equity | £879,508 | £879,508 | £879,508 | £879,508 | £833,448 | £833,448 | £877,148 | £877,148 | £1,142,394 | £1,002,396 | |
| Average employees | 0 | — | 0 | — | 33 | — | 39 | — | 42 | 50 | |
| Wages | — | — | — | — | — | — | — | — | £2,083,625 | £2,405,406 | |
| Directors' remuneration | — | — | — | — | — | — | — | — | £337,225 | £348,814 |
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
+19.7%
£12,236,830 £14,641,873
-
Cash
+45.5%
£769,724 £1,119,576
-
Net assets
-12.3%
£1,142,394 £1,002,396
-
Employees
+19%
42 50
highest in 6 filed years
-
Operating profit
-49.3%
£520,452 £264,041
-
Profit before tax
-52.1%
£496,081 £237,489
-
Wages
+15.4%
£2,083,625 £2,405,406
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 | 2020-03-31 | 2020-04-01 | 2021-03-31 | 2021-04-01 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2023-04-01 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | 4.3% | 1.8% | |
| Net margin | — | — | — | — | — | — | — | — | 2.8% | 1.0% | |
| Return on capital employed | — | — | — | — | — | — | — | — | 38.6% | 21.6% | |
| Current ratio | — | — | — | — | — | — | — | — | 1.19x | 1.11x | |
| Interest cover | — | — | — | — | — | — | — | — | 21.36x | 9.94x |
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
- Sumer Auditco Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the Parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- IFSE GROUP LIMITED · parent
- International Food Service Equipment Limited 100%
- IFSE Limited 100%
- Romann Catering Equipment Engineers Limited 100%
- Bettaquip Limited 100%
Significant events
- “The passing of our Chairman, Andrew Fordyce, in January 2025 was keenly felt by friends and colleagues within IFSE Group and the wider industry.”
- “The successful acquisition of Bettaquip Limited, will accelerate growth and provide IFSE with a base in the Midlands and offers strategic opportunities for both IFSE Ltd and Bettaquip Ltd.”
- “The collapse of ISG (the sixth largest construction firm by revenue) in September 2024 was a major blow to the business profits for the financial year ending March 2025 with payments on two large projects becoming bad debts. We have introduced a stricter payment policy that should mitigate such losses when dealing with main contractor projects.”
- “The merger of a major customer by a much larger group is looked on as being favourable as it offers unlimited opportunities which are suited to our level of expertise and high level of health and safety compliance.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRISTOW, Adam | Director | 2023-07-31 | Apr 1994 | British |
| GRANT, Rohan Anthony | Director | 2023-07-31 | Aug 1975 | British |
| HILL, Julia Kathleen | Director | 2023-07-31 | Feb 1961 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FORDYCE, Andrew William Alexander | Director | 2014-08-12 | 2025-01-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ifse Trustees Limited | Corporate entity | Shares 75–100% | 2022-04-01 | Active |
| Mr Andrew William Alexander Fordyce | Individual | Shares 75–100%, Voting 75–100%, Significant influence | 2016-04-06 | Ceased 2022-04-01 |
Filing timeline
Last 20 of 55 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-04-14 RESOLUTIONS Resolution
- 2022-03-18 RESOLUTIONS Resolution
- 2022-03-18 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-24 | AA | accounts | Accounts with accounts type group | |
| 2025-08-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-27 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-17 | AA | accounts | Accounts with accounts type group | |
| 2024-08-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-19 | CH01 | officers | Change person director company with change date | |
| 2023-12-06 | AA | accounts | Accounts with accounts type group | |
| 2023-09-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-10 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-02 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-23 | AA | accounts | Accounts with accounts type group | |
| 2022-08-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-04-22 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-04-14 | RESOLUTIONS | resolution | Resolution | |
| 2022-04-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-03-18 | RESOLUTIONS | resolution | Resolution | |
| 2022-03-18 | RESOLUTIONS | resolution | Resolution | |
| 2022-03-16 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2022-03-16 | SH20 | capital | Legacy |
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.