IBEX RETAIL INVESTMENTS (EUROPE) LIMITED
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Cash
£821K
EUR 957,299
-14.1% lowest in 3 filed years
Net assets
£177M
EUR 207,031,542
+182.8% highest in 3 filed years
Employees
3
0% vs 2024
Profit before tax
£392M
EUR 457,101,836
+606.2% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
In preparing the Financial Statements, the going concern basis has not been adopted.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | -£576,314,459 | £137,794,273 | £442,477,127 | +221.1% | |
| Profit before tax | -£651,208,887 | £55,489,901 | £391,857,553 | +606.2% | |
| Net profit | -£651,208,887 | £55,489,901 | £391,857,553 | +606.2% | |
| Cash | £1,055,579 | £954,906 | £820,659 | -14.1% | |
| Total assets less current liabilities | £1,573,473,643 | £1,711,267,916 | £177,480,962 | -89.6% | |
| Net assets | -£269,866,493 | -£214,376,592 | £177,480,962 | +182.8% | |
| Equity | -£269,866,493 | -£214,376,592 | £177,480,962 | +182.8% | |
| Average employees | 5 | 3 | 3 | 0% | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
Figures converted to GBP from EUR at 0.857 per EUR (Frankfurter spot rate) — hover any figure for the original. — 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 | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|
| Return on capital employed | -36.6% | 8.1% | 249.3% | |
| Gearing (liabilities / total assets) | 117.2% | 112.5% | — | |
| Current ratio | 32.79x | 27.85x | 0.00x | |
| Interest cover | -7.70x | 1.46x | 6.09x |
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
- IBEX RETAIL INVESTMENTS (EUROPE) LIMITED 2021-09-17 → present
- PEPCO HOLDCO LIMITED 2020-09-23 → 2021-09-17
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“In preparing the Financial Statements, the going concern basis has not been adopted.”
Group structure
- IBEX RETAIL INVESTMENTS (EUROPE) LIMITED · parent
- Pepco Group N.V. 70.81%
- Pepco Group Limited 70.81%
- Dealz Poland Sp. z o.o. 70.81%
- Pepkor Europe Limited 0%
- Online Poundshop Limited 0%
- Pepkor UK Retail Limited 0%
- Vaucluse Diffusion SASU 70.81%
- Fully Sun China Ltd 70.81%
- Pepkor Europe GmbH 70.81%
- Pepco Poland Sp. z o.o. 70.81%
- Konopacka Holdings B.V. 70.81%
- Rawska Holdings B.V. 70.81%
- Cardina Investment Sp. z o.o. 70.81%
- Evarts Investments Sp. z o.o. 70.81%
- Pepco Ingatlan Kft 70.81%
- Pepco Croatia d.o.o. 70.81%
- Pepco Czech Republic s.r.o. 70.81%
- Pepco Hungary Kft. 70.81%
- Pepco Slovakia s.r.o. 70.81%
- Pepco, trogvina na drono, d.o.o 70.81%
- Pepco Lithuania UAB 70.81%
- Pepco Latvia SIA 70.81%
- Pepco Estonia OÜ 70.81%
- Pepco Distribution Sp. z.o.o. 70.81%
- Pepco B-H 70.81%
- Pepco Logistics S.L 70.81%
- Pepco Group International Limited 70.81%
- Pepco Retail s.a. 70.81%
- Pepco Properties Sp. z o.o 70.81%
- Pepco Portugal LDA 70.81%
- Pepkor Import B.V. 70.81%
- Pepkor France SASU 70.81%
- Pepco Retail Espana S.L. 70.81%
- Pepco Group Services Limited 70.81%
- Pepkor PGS (Shanghai) Co Ltd. 70.81%
- PGS Partner India Private Limited 70.81%
- PEU (Fin) plc 70.81%
- Peu (Tre) Limited 70.81%
- Pepco Holdings sp. z o o. 70.81%
- Pepco Austria GmbH 70.81%
- Pepco Greece IKE 70.81%
- Pepco Germany GmbH 70.81%
- Pepco Bulgaria EOOD 70.81%
- Pepco d.o.o. Beograd-Novi Beograd 70.81%
- Pepco Italy S.r.l 70.81%
- Poundland Limited 0%
- Poundland International Limited 70.81%
- Dealz Espana SL 70.81%
- Dealz Retailing Ireland Limited 70.81%
- Poundland Elgin Limited 0%
- Viewtone Trading Group Limited 0%
- Viewtone Limited 0%
- Frozen Value Limited 0%
- Jack Fulton Limited 0%
- Viewtone Trustees Limited 0%
- Minaldi Limited 0%
- Steenbok Newco 7 Limited 100%
- Steinhoff UK Holdings Limited 98.95%
- Homestyle 2007 Pension Scheme Trustee Limited 98.95%
- Homestyle Pension Company Limited 98.95%
- Steenbok Newco 8 Limited 100%
- Steinhoff Holding Beta GmbH 100%
- AIH Investment Holding AG 100%
- Laguna Holdings B.V. 0%
- Laguna Investments Beta B.V. 0%
- Laguna Investments Alpha B.V. 0%
- Conforama Investissement SNC 100%
- Conforama Holding SA 99.99%
Significant events
- “On 30 November 2025, the Ibex Group submitted an Amendment and Waiver Request Letter, to which consent was received on 5 December 2025. The Amendment and Waiver Consent introduces amendments intended to align the financing arrangements with the Group's simplified structure. The principal amendment affecting the Company is to postpone the due date of the SEAG and SFHG indebtedness from 30 June 2026 to 31 December 2028, with potential further extensions to 31 December 2029 and 31 December 2030 subject to approval by lenders holding more than 60% of SEAG Second Lien Commitments, with intercompany facility agreements and loans following this extension.”
- “On 28 January 2026, the Company sold approximately 9% of the ordinary share capital of Pepco Group N.V. in a secondary placement at a price of PLN27.75 per share, raising aggregate gross proceeds of c.PLN1,363 million (€325 million). The proceeds of this were used to settle loans due to group undertakings.”
- “After the year end, pursuant to the establishment of the SMCA, the Company also received €12.9 million as an additional adjustment amount with respect to its disposal of Pepco Group N.V. shares during the year to IRIL SMCA 2025 LP.”
- “On 11 March 2026, shareholders of Pepco Group N.V. approved a final dividend of €0.096 per share, which was paid on 8 April 2026. The Company's share amounted to €34.4 million and was subsequently applied to repay loans due to group undertakings of €34.4 million.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DU PREEZ, Louis Jacobus | Director | 2020-09-23 | May 1969 | South African |
| MAHONEY, Sean Owen | Director | 2025-06-01 | Aug 1962 | American |
| VAN DEN BERGHE, Dirk Jozef Stefaan | Director | 2026-01-20 | Jun 1963 | Belgian |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BROWN, Neil Graeme | Director | 2020-09-23 | 2025-05-31 |
| LEE, Heyoung H | Director | 2020-09-23 | 2023-10-02 |
| MAHAJAN, Sandip | Director | 2020-09-23 | 2023-06-30 |
| SOLDATOS, Paul Williams | Director | 2020-09-23 | 2025-05-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Steenbok Newco 4 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-09-23 | Active |
Filing timeline
Last 20 of 32 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-11 | AA | accounts | Accounts with accounts type full | |
| 2026-01-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-08 | AA | accounts | Accounts with accounts type full | |
| 2024-10-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-19 | AA | accounts | Accounts with accounts type full | |
| 2024-01-08 | CH01 | officers | Change person director company with change date | |
| 2023-10-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-10 | AA | accounts | Accounts with accounts type full | |
| 2022-11-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-07 | AA | accounts | Accounts with accounts type full | |
| 2022-01-10 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2021-11-09 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- 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.