IBEXIA GLOBAL DEVELOPMENT LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-19 (in 1mo)
Last made up 2025-06-05
Watchouts
None on the register
Cash
£337K
EUR 387,959
+333.9% vs 2023
Net assets
£24M
EUR 28,159,339
+289.5% vs 2023
Employees
9
0% vs 2023
Profit before tax
£9M
EUR 10,285,891
+1,188.4% vs 2023
Net assets
2-year trend · vs Utilities median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | £1,121,250 | £11,333,828 | |
| Profit before tax | -£821,822 | £8,945,031 | |
| Net profit | -£821,822 | £8,945,031 | |
| Cash | £77,748 | £337,385 | |
| Total assets less current liabilities | -£12,922,599 | £24,488,511 | |
| Net assets | -£12,922,599 | £24,488,511 | |
| Equity | -£12,922,599 | £24,488,511 | |
| Average employees | 9 | 9 | |
| Wages | £912,105 | £1,009,079 | |
| Directors' remuneration | £113,106 | £226,483 |
Figures converted to GBP from EUR at 0.870 per EUR (Frankfurter spot rate) — hover any figure for the original. — 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
-
Turnover
—
Not reported
-
Cash
+333.9%
£77,748 £337,385
-
Net assets
+289.5%
-£12,922,599 £24,488,511
-
Employees
0%
9 9
-
Operating profit
+910.8%
£1,121,250 £11,333,828
-
Profit before tax
+1,188.4%
-£821,822 £8,945,031
-
Wages
+10.6%
£912,105 £1,009,079
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Return on capital employed | -8.7% | 46.3% | |
| Gearing (liabilities / total assets) | 173.3% | 4.0% | |
| Current ratio | 0.39x | 0.93x | |
| Interest cover | 0.39x | 7.97x |
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
- IFRS
- Reporting scope
- Consolidated group
- Audit opinion
- Unaudited (audit-exempt)
- Going concern
- Affirmed
“The Directors have reviewed the Company's financial position, cash flows and future financial commitments and are confident in the Company's ability to continue operating for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.”
Group structure
- IBEXIA GLOBAL DEVELOPMENT LTD · parent
- Carboncause Ltd 100%
- Ammonite Carbon Storage Ltd 100%
- Ibexia Investment Holdings II LLC 100%
- Ibexia Investment Holdings III LLC 100%
- Nexwell Hub Holdings S.L.U. 100%
- Iberia Decarb Hub S.L.U. 100%
- Ibexia Development S.L.U. 100%
- Ibexia España Development, S.L. 100%
Significant events
- “The sale of the Group's 60% share in Ibox was completed on 1 August 2024 for a total consideration valued at €22,156,595, which was exchanged for 13,306,339 shares in Cox Energy, S.A.B. de C.V.”
- “On 24 April 2024, €2,416,481 and €88,522 Fixed Rate Senior Unsecured Notes and interest, respectively, were redeemed. On 30 August 2024, the Company repaid €30,853,640, €143,083 and €287,462 of note principal, redemption premium and accrued interest payable, respectively.”
- “During 2024, a subsidiary of the Company continued in its efforts to develop Carbon Capture Utilization and Storage ("CCUS") projects, which represent a natural evolution of Renewable Energy deployment at scale with a more direct mitigation of CO2 emissions.”
- “Post disposal of Ibox, the SPA2 transaction will continue under a framework agreement signed on 1 August 2024 (the "Framework agreement"), which supersedes the Implementation agreement after the disposal of Ibox.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KING, Bretton William | Director | 2020-06-08 | Jan 1964 | British |
| TSVETKOV, Dmitri | Director | 2024-01-15 | Nov 1972 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| KING, Bretton William | Director | 2019-12-03 | 2020-05-07 |
| KING, Bretton William, Mr. | Director | 2019-05-09 | 2019-06-25 |
| LIM, Teng Wee | Director | 2019-06-25 | 2020-01-06 |
| MUSTAD, Andreas Haavel, Mr. | Director | 2019-05-09 | 2020-05-07 |
| PULIDO, Pablo, Mr. | Director | 2019-05-09 | 2020-05-07 |
| TAWNEY, Christopher | Director | 2019-10-16 | 2024-01-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Magazine Gap Hong Kong Trust | Legal person | ownership-of-shares-25-to-50-percent-as-trust | 2019-12-20 | Ceased 2022-09-21 |
| The 2019 Opportunity Trust | Legal person | ownership-of-shares-25-to-50-percent-as-trust | 2019-12-20 | Ceased 2022-08-25 |
| The Lemp Future Trust | Legal person | ownership-of-shares-25-to-50-percent-as-trust | 2019-12-20 | Ceased 2022-08-25 |
| Ibexia Global Holdings Limited | Corporate entity | Shares 75–100% | 2019-09-18 | Ceased 2022-08-25 |
| Mr Lim Teng Wee | Individual | Shares 25–50%, Voting 25–50% | 2019-06-05 | Ceased 2019-09-18 |
| Mr. Pablo Pulido | Individual | Shares 25–50%, Voting 25–50% | 2019-05-09 | Ceased 2019-09-18 |
| Mr. Andreas Haavel Mustad | Individual | Shares 25–50%, Voting 25–50% | 2019-05-09 | Ceased 2019-09-18 |
| Mr. Bretton William King | Individual | Shares 25–50%, Voting 25–50% | 2019-05-09 | Ceased 2019-06-05 |
Filing timeline
Last 20 of 50 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-10-27 MA Memorandum articles
- 2024-10-18 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-03 | AA | accounts | Accounts with accounts type group | |
| 2025-06-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-12 | CH01 | officers | Change person director company with change date | |
| 2025-01-07 | SH01 | capital | Capital allotment shares | |
| 2024-12-18 | ANNOTATION | miscellaneous | Legacy | |
| 2024-10-27 | MA | incorporation | Memorandum articles | |
| 2024-10-18 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-16 | SH08 | capital | Capital name of class of shares | |
| 2024-10-07 | AA | accounts | Accounts with accounts type group | |
| 2024-07-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-18 | CH01 | officers | Change person director company with change date | |
| 2024-01-18 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-30 | AA | accounts | Accounts with accounts type group | |
| 2023-06-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-05 | AA | accounts | Accounts with accounts type group | |
| 2022-10-31 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2022-09-21 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-08-25 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 2
- 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.