IAG TRANSFORM LIMITED
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Cash
£37m
-10.4% vs 2024
Net assets
£11m
+301.2% highest in 3 filed years
Employees
486
-37.2% lowest in 3 filed years
Profit before tax
£2.6m
+48.3% vs 2024
Watch the reel
Our short-form breakdown of IAG TRANSFORM LIMITED's latest filing
A look inside IAG Transform — the internal tech, AI, and procurement arm behind British Airways and its sister airlines. Headcount dropped, but it's a structural reshuffle, not layoffs. ✈️
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £194,096,000 | £235,343,000 | £205,182,000 | -12.8% | |
| Operating profit | £2,400,000 | £1,138,000 | -£669,000 | -158.8% | |
| Profit before tax | £2,900,000 | £1,725,000 | £2,559,000 | +48.3% | |
| Net profit | £2,206,000 | £1,245,000 | £1,537,000 | +23.5% | |
| Cash | £3,652,000 | £40,744,000 | £36,511,000 | -10.4% | |
| Total assets less current liabilities | -£8,196,000 | -£5,529,000 | — | — | |
| Net assets | -£8,196,000 | -£5,529,000 | £11,126,000 | +301.2% | |
| Equity | -£8,196,000 | -£5,529,000 | £11,126,000 | +301.2% | |
| Average employees | 791 | 774 | 486 | -37.2% | |
| Wages | £68,296,000 | £71,120,000 | £52,622,000 | -26% | |
| Directors' remuneration | £1,048,000 | £992,000 | £1,019,000 | +2.7% | |
| Directors' pension contributions | £71,000 | £82,000 | £88,000 | +7.3% | |
| Highest paid director | £388,000 | £347,000 | £366,000 | +5.5% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 1.2% | 0.5% | -0.3% | |
| Net margin | 1.1% | 0.5% | 0.7% | |
| Gearing (liabilities / total assets) | 104.4% | 103.0% | 93.2% | |
| Current ratio | 0.47x | 0.73x | 0.72x |
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
- IAG TRANSFORM LIMITED 2025-07-01 → present
- IAG GBS LIMITED 2014-08-15 → 2025-07-01
Audit & accounting basis
- Accounting basis
- FRS 101 Reduced Disclosure Framework
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Directors have reasonable expectation that the Company has sufficient liquidity to meet its liabilities as they fall due over the going concern assessment period, being at least 12 months from the date of approval of these financial statements and have adopted the going concern basis in preparing the financial statements.”
Group structure
- IAG TRANSFORM LIMITED · parent
- IAG GBS Poland Sp. z o.o. 99%
Significant events
- “On 1st July 2025, IAG GBS Limited was renamed IAG Transform Limited.”
- “In July 2025, IAG Transform Limited acting through its Spanish branch, completed the disposal of the Chief Digital Information Office ('CDIO') Iberia independent production unit to Iberia LAE Solutions, S.L.U. ('IB Tech').”
- “In line with the Group's strategic realignment of its operating model, over 100 employees within the Treasury, Internal Audit and IT functions were transferred under the Transfer of Undertakings (Protection of Employment) Regulations 2006 (TUPE) to the respective operating companies they support.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DAVIES, Philippa | Director | 2022-05-19 | Mar 1985 | British |
| MORETON, Jeremy Richard | Director | 2020-03-26 | Oct 1977 | British |
| SACO IGLESIAS, Jorge | Director | 2023-07-27 | Nov 1969 | Spanish |
| SIERRA ALVAREZ, Salvador | Director | 2023-10-30 | May 1976 | Spanish |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| STRAVER, Luke Alexander Michael | Secretary | 2015-03-16 | 2020-07-07 |
| ADAM, Emma Alexandra | Director | 2020-03-26 | 2022-05-19 |
| CANDELA PEREZ, Fernando | Director | 2021-05-21 | 2023-07-27 |
| DAVIES, Sian Louise | Director | 2019-02-27 | 2020-03-26 |
| DAVIS, Zoe Faye | Director | 2020-03-26 | 2023-10-30 |
| DE TORRES ZABALA, Ignacio Maria | Director | 2014-08-15 | 2019-01-24 |
| FRANCIS, William John | Director | 2016-05-11 | 2019-12-12 |
| GIBBS, John Robert, Mr. | Director | 2019-12-12 | 2023-03-31 |
| GUNNING, Stephen William Lawrence | Director | 2018-05-03 | 2020-02-01 |
| HARRISON, Steven Joseph | Director | 2017-07-17 | 2018-02-22 |
| LIN, Marcia Yor Ing | Director | 2018-02-22 | 2020-03-26 |
| NAPIER, Rebecca Louise | Director | 2018-02-22 | 2019-02-27 |
| NORMAN, Daniel Charles | Director | 2015-03-16 | 2016-05-11 |
| PATTAR, Raghbir Singh | Director | 2016-05-11 | 2017-07-17 |
| WINSTANLEY, Jude | Director | 2020-02-01 | 2020-03-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| International Consolidated Airlines Group Sa | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 70 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-01 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-26 | TM01 | officers | Termination director company with name termination date | |
| 2026-08-20 | AA | accounts | Accounts with accounts type full | |
| 2026-01-05 | SH01 | capital | Capital allotment shares | |
| 2025-09-22 | AA | accounts | Accounts with accounts type full | |
| 2025-08-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-01 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-10-11 | AA | accounts | Accounts with accounts type full | |
| 2024-09-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-11 | AA | accounts | Accounts with accounts type full | |
| 2024-01-04 | CH01 | officers | Change person director company with change date | |
| 2023-11-17 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-17 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-17 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-17 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-26 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-23 | AA | accounts | Accounts with accounts type full | |
| 2022-08-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-23 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-23 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 1
- 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.