IDV DEFENCE VEHICLES UK LTD
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Cash
£3.5m
Latest balance sheet
Net assets
£6m
+220.6% highest in 3 filed years
Employees
29
+16% highest in 3 filed years
Profit before tax
-£3m
+8.4% highest in 3 filed years
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 | £2,102,285 | £1,385,644 | £2,486,703 | +79.5% | |
| Operating profit | -£3,833,787 | -£2,957,358 | -£2,632,539 | +11% | |
| Profit before tax | -£3,945,486 | -£3,278,966 | -£3,002,014 | +8.4% | |
| Net profit | -£2,959,114 | -£2,441,175 | -£2,204,172 | +9.7% | |
| Cash | £755,007 | £0 | £3,479,156 | — | |
| Total assets less current liabilities | -£400,985 | -£4,495,159 | £6,379,751 | +241.9% | |
| Net assets | -£2,542,113 | -£4,983,288 | £6,008,257 | +220.6% | |
| Equity | -£2,542,113 | — | £6,008,257 | — | |
| Average employees | 22 | 25 | 29 | +16% | |
| Wages | £2,570,744 | £1,809,125 | £2,168,359 | +19.9% | |
| Directors' remuneration | — | £222,003 | £242,893 | +9.4% | |
| Directors' pension contributions | — | £26,320 | £36,011 | +36.8% | |
| Highest paid director | — | £222,003 | £242,893 | +9.4% |
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 | -182.4% | — | -105.9% | |
| Net margin | -140.8% | -176.2% | -88.6% | |
| Return on capital employed | — | — | -41.3% | |
| Gearing (liabilities / total assets) | 155.4% | 214.8% | 34.0% | |
| Current ratio | 0.66x | 0.39x | 3.09x | |
| Interest cover | -34.32x | -9.20x | -7.13x |
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.
Name history
Renamed 2 times since incorporation
- IDV DEFENCE VEHICLES UK LTD 2026-01-27 → present
- IDV ROBOTICS LIMITED 2023-09-06 → 2026-01-27
- MIRA UGV LIMITED 2022-07-26 → 2023-09-06
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- TC Group
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have received formal support from Iveco Defence Vehicles S.p.A. that it will continue to provide financial support for the foreseeable future and in any event for the following financial period. The financial statements have therefore been prepared on a going concern basis.”
Significant events
- “On 15 January 2026, the Company passed a special resolution to change its name to IDV Defence Vehicles UK Ltd.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BIANCHINI, Nazario | Director | 2025-06-27 | Jul 1973 | Italian |
| DAVIS, Geoffrey Maxwell | Director | 2022-08-09 | Jul 1976 | British |
| FICARA, Mauro | Director | 2025-06-27 | Sep 1974 | Italian |
| MALONEY, Andrew Philip | Director | 2026-01-16 | Apr 1971 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DEMARTINI, Giandomenico | Director | 2023-02-01 | 2025-06-27 |
| HOPKINS, Roisin | Director | 2024-01-02 | 2025-04-28 |
| MCCARTHY, Simon Marc | Director | 2023-02-01 | 2024-01-02 |
| NATHAN, Timothy Paul | Director | 2022-07-26 | 2023-02-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Leonardo Spa | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-02-01 | Active |
| Horiba Mira Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-07-26 | Ceased 2023-02-01 |
Filing timeline
Last 20 of 32 total filings
Material constitutional events — rename, articles re-file, resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-21 | AA | accounts | Accounts with accounts type full | |
| 2026-06-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-06-04 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-02-23 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-27 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-11-10 | SH01 | capital | Capital allotment shares | |
| 2025-07-22 | AA | accounts | Accounts with accounts type full | |
| 2025-07-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-06 | MA | incorporation | Memorandum articles | |
| 2025-05-06 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-29 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-21 | AA | accounts | Accounts with accounts type full | |
| 2024-01-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-08 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-06 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-08-23 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 1
- 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.