INCIPIO GROUP MANAGEMENT LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-29
Confirmation statement due
2026-08-04 (in 3mo)
Last made up 2025-07-21
Watchouts
None on the register
Cash
£4M
+252.7% highest in 3 filed years
Net assets
£144K
-74.8% lowest in 3 filed years
Employees
416
+3% highest in 3 filed years
Profit before tax
-£833K
+47.3% vs 2023
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · latest reflected 2024-12-29
| Metric | Trend | 2021-12-27 | 2022-12-25 | 2022-12-26 | 2023-12-31 | 2024-12-29 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £26,348,904 | £25,288,498 | |
| Operating profit | — | — | — | -£1,101,244 | -£372,732 | |
| Profit before tax | — | — | — | -£1,580,767 | -£833,185 | |
| Net profit | — | -£13,586 | — | -£1,580,767 | -£833,185 | |
| Cash | — | £1,010,846 | — | £1,134,124 | £4,000,200 | |
| Total assets less current liabilities | — | £6,415,295 | — | £2,051,874 | £5,287,739 | |
| Net assets | — | £6,415,295 | — | £571,618 | £144,100 | |
| Equity | £4,491,898 | £6,415,295 | £6,415,295 | £571,618 | £144,100 | |
| Average employees | — | 7 | — | 404 | 416 | |
| Wages | — | — | — | £8,671,481 | £8,697,013 | |
| Directors' remuneration | — | — | — | £320,000 | £340,000 |
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 2024-12-29 vs 2023-12-31
-
Turnover
-4%
£26,348,904 £25,288,498
-
Cash
+252.7%
£1,134,124 £4,000,200
highest in 3 filed years
-
Net assets
-74.8%
£571,618 £144,100
lowest in 3 filed years
-
Employees
+3%
404 416
highest in 3 filed years
-
Operating profit
+66.2%
-£1,101,244 -£372,732
-
Profit before tax
+47.3%
-£1,580,767 -£833,185
-
Wages
+0.3%
£8,671,481 £8,697,013
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 | 2021-12-27 | 2022-12-25 | 2022-12-26 | 2023-12-31 | 2024-12-29 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -4.2% | -1.5% | |
| Net margin | — | — | — | -6.0% | -3.3% | |
| Return on capital employed | — | — | — | -53.7% | -7.0% | |
| Current ratio | — | — | — | 0.41x | 0.71x | |
| Interest cover | — | — | — | -2.30x | -0.81x |
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
- HaysMac LLP
- 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
- INCIPIO GROUP MANAGEMENT LTD · parent
- Incipio Group Limited 100%
- Incipio Canary Wharf Limited 100%
- Creative Spaces MGT Limited 100%
- Incipio Kensington Limited 100%
- Incipio Saville Limited 100%
Significant events
- “2024 saw the closure of Pergola Paddington in January 2024, following the expiry of its shortterm lease with the Group, ending the year with 7 sites fully trading.”
- “To support the Group's investment in Olympia and other opportunities, the Group raised £3.7m through convertible loan notes and issued £405k in equity during the year.”
- “To further support the above strategic growth plans, the Group completed a post yearend refinance through NatWest, securing a package totalling £5.5m.”
- “In July 2025 the group refinanced and drew down on a new £5.5m loan with NatWest. The previous bank loans with Metrobank (as disclosed in note 19) were repaid in full.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DEVENPORT, Andrew Charles | Director | 2019-10-30 | Jun 1958 | British |
| DEVENPORT, Edward | Director | 2017-09-07 | Oct 1985 | British |
| EDWARD, Ian | Director | 2022-09-06 | Sep 1959 | British |
| ROBERTS, David Patrick | Director | 2020-12-09 | May 1968 | Australian |
| WARD, Archie Erskine Bangor | Director | 2022-09-06 | May 1990 | British |
| EDITION CAPITAL DIRECTORS LTD | Corporate Director | 2021-07-05 | — | — |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BECK, Neil Spencer | Director | 2017-09-07 | 2020-09-25 |
| BODEN, Lisa | Director | 2017-11-21 | 2021-07-05 |
| BRAND, Thomas John | Director | 2022-02-02 | 2024-07-01 |
| DEVENPORT, Andrew Charles | Director | 2017-11-01 | 2019-10-30 |
| GARDINER, Charles Robert | Director | 2017-09-07 | 2022-03-22 |
| GARDINER, Nigel William | Director | 2017-11-01 | 2019-10-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Charles Robert Gardiner | Individual | Shares 25–50% | 2017-09-07 | Ceased 2021-07-06 |
Filing timeline
Last 20 of 82 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-01-09 RESOLUTIONS Resolution
- 2024-03-18 MA Memorandum articles
- 2024-03-18 RESOLUTIONS Resolution
- 2022-11-23 MA Memorandum articles
- 2022-11-23 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-27 | AA | accounts | Accounts with accounts type group | |
| 2025-08-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-11 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-09 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-19 | SH01 | capital | Capital allotment shares | |
| 2024-10-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-29 | AA | accounts | Accounts with accounts type group | |
| 2024-07-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-18 | MA | incorporation | Memorandum articles | |
| 2024-03-18 | RESOLUTIONS | resolution | Resolution | |
| 2024-03-14 | SH01 | capital | Capital allotment shares | |
| 2023-12-08 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2023-10-07 | AA | accounts | Accounts with accounts type group | |
| 2023-08-08 | CH01 | officers | Change person director company with change date | |
| 2023-08-08 | CH01 | officers | Change person director company with change date | |
| 2023-07-26 | CS01 | confirmation-statement | Confirmation statement | |
| 2022-11-24 | SH01 | capital | Capital allotment shares | |
| 2022-11-23 | MA | incorporation | Memorandum articles | |
| 2022-11-23 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.