IPP HOLDINGS (EUROPE) LIMITED
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Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
—
Average over period
Profit before tax
£1.4m
+140.1% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
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 | £36,432,079 | £483,472 | £5,890,704 | +1,118.4% | |
| Operating profit | £355,177 | -£13,933,819 | £1,489,448 | +110.7% | |
| Profit before tax | -£214,647 | -£3,473,775 | £1,391,965 | +140.1% | |
| Net profit | £401,052 | -£3,498,025 | £1,375,077 | +139.3% | |
| Cash | £1,981,510 | £415,558 | — | — | |
| Total assets less current liabilities | £16,093,686 | £16,976,142 | — | — | |
| Net assets | £15,362,787 | £15,943,813 | — | — | |
| Equity | £15,362,787 | £15,943,813 | — | — | |
| Average employees | 88 | 115 | — | — | |
| Wages | £3,972,809 | £3,189,177 | — | — | |
| Directors' remuneration | £249,211 | £133,706 | — | — | |
| Directors' pension contributions | £66,000 | £60,000 | — | — | |
| Highest paid director | £137,804 | £120,466 | — | — |
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 | 1.0% | — | 25.3% | |
| Net margin | 1.1% | — | 23.3% | |
| Return on capital employed | 2.2% | -82.1% | — | |
| Gearing (liabilities / total assets) | 49.9% | 54.4% | — | |
| Current ratio | 1.70x | 0.62x | 0.83x | |
| Interest cover | 0.62x | — | 13.09x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis as at the time of signing these accounts the directors have reviewed the current trading performance and forecasts to December 2026 and have concluded that the company will continue to be able to trade within the facilities expected to be available to it, for a period of at least 12 months.”
Group structure
- IPP HOLDINGS (EUROPE) LIMITED · parent
- IPP Linvic Engineering Limited 100%
- IPP Forging Limited^ 100%
- IPP Mardale Limited 100%
- Integral Pressure Connections Limited^ 100%
- IPP Scomark Engineering Limited* 100%
- Scomark Pipe-fittings International Limited^ 100%
- IPP Specialised Machine Services Limited 100%
- IPP (Carbon & Alloy) Ltd* 100%
- International Piping Products (East Coast) Pty Ltd^* 100%
- IPP Stainless Steel Fasteners Limited* 100%
- IPP Van Triel Limited* 100%
- IPP Accura Supply Limited 100%
- IPP Property Holdings Limited* 100%
- International Piping Products (Europe) Limited* 100%
- IPP Plant & Equipment Leasing Limited* 100%
- IPP Stock Holdings Limited* 100%
- IPP Scomark (Europe) Limited* 100%
- IPP (Europe) Limited 100%
- IPP (Aberdeen) Limited* 70%
- IPP-LEDA Limited* 70%
- IPP Scomark Holdings Limited 100%
- IPP Scomark Limited* 90%
- IPP Scomark Singapore Pte Ltd^ 70%
- IPP Middle East - FZCO 100%
Significant events
- “On 6 February 2025, IPP Middle East - FZCO was incorporated and is a wholly-owned subsidiary of IPP Holdings (Europe) Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WINNARD, Mark | Secretary | 2018-12-03 | — | — |
| AYRES, Jared | Director | 2018-12-03 | Dec 1967 | British |
| RIDDELL, Victoria Sarah | Director | 2023-03-06 | Jan 1986 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PENMAN, Mark Anderson | Director | 2019-04-01 | 2022-10-18 |
| RODGER, Alan Mcintosh | Director | 2018-12-03 | 2019-10-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ipp Global Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-12-18 | Active |
| Mr Jared Ayres | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-12-03 | Ceased 2024-12-18 |
Filing timeline
Last 20 of 36 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-11 | AA | accounts | Accounts with accounts type full | |
| 2026-05-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-31 | SH01 | capital | Capital allotment shares | |
| 2025-12-31 | SH01 | capital | Capital allotment shares | |
| 2025-08-04 | PARENT_ACC | accounts | Legacy | |
| 2025-07-29 | AA | accounts | Accounts with accounts type group | |
| 2025-06-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-02 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-01-02 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-01-02 | SH01 | capital | Capital allotment shares | |
| 2024-11-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-12 | AA | accounts | Accounts with accounts type group | |
| 2024-09-27 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-11-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-19 | AA01 | accounts | Change account reference date company current extended | |
| 2023-06-09 | AA | accounts | Accounts with accounts type group | |
| 2023-03-07 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-10 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-01-11 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 3
- 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.