IQA OPERATIONS GROUP LIMITED
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Cash
£2.7m
Latest balance sheet
Net assets
£7.1m
lowest in 3 filed years
Employees
161
lowest in 3 filed years
Profit before tax
£2.7m
Period ending 2025-12-31
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 | £29,097,462 | £34,589,462 | £31,102,637 | — | |
| Operating profit | £3,482,597 | £1,398,363 | £2,131,287 | — | |
| Profit before tax | £3,751,559 | £1,761,608 | £2,658,650 | — | |
| Net profit | £2,913,885 | £1,325,040 | £1,998,899 | — | |
| Cash | £2,568,833 | £4,546,987 | £2,673,403 | — | |
| Total assets less current liabilities | £9,430,485 | £9,412,397 | £7,970,793 | — | |
| Net assets | £8,056,420 | £8,317,260 | £7,141,159 | — | |
| Equity | £8,056,420 | £8,317,260 | £7,141,159 | — | |
| Average employees | 216 | 195 | 161 | — | |
| Wages | £9,158,944 | £10,463,904 | £8,153,751 | — | |
| Directors' remuneration | £251,678 | £202,318 | £129,445 | — | |
| Directors' pension contributions | £5,116 | £5,251 | £0 | — | |
| Highest paid director | £97,504 | £114,278 | £129,445 | — |
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 —. Year-on-year comparison hidden: this filing covers about 24 months versus 24 months prior. 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 | 12.0% | 4.0% | 6.9% | |
| Net margin | 10.0% | 3.8% | 6.4% | |
| Return on capital employed | 36.9% | 14.9% | 26.7% | |
| Gearing (liabilities / total assets) | 53.4% | 61.7% | 63.6% | |
| Current ratio | 1.98x | 1.65x | 1.60x | |
| Interest cover | — | 42.23x | 58.83x |
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.
Name history
Renamed 2 times since incorporation
- IQA OPERATIONS GROUP LIMITED 2009-12-11 → present
- IQA UTILITIES LTD. 2005-05-05 → 2009-12-11
- INDEPENDENT QUALITY ASSURANCE LTD 2002-08-09 → 2005-05-05
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- RBK Audit UK Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company regularly reviews its performance, its available funding and future business prospects. Monthly management controls are in place to monitor the behaviour of the business against budgets and to enable the directors to forecast the company's trading results. These include Commercial Value Report, Actual Versus Budget and Budget control. Having reviewed all the information available to them, the directors consider that it is appropriate to prepare these accounts on a going concern basis. Additionally, the company managed to generate a positive cash flow due to the positive margins and this allowed the parent company to take a loan in foreign currency from the company. The directors have analysed the impact of current economic environment, high inflation and interest rates and considering all the available information for at least 12 months from the date of signing, have concluded that these circumstances do not have an adverse impact on the level of activity of the company during the going concern period. The directors have analysed the impact of the high inflation and interest rates in the company's cash flow and have considered that no additional financial resources are likely to be required.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 27 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MFMAC SECRETARIES LIMITED | Corporate Secretary | 2022-03-17 | — | — |
| APONTE, Belen De Gracia | Director | 2023-05-15 | Feb 1993 | Spanish |
| BRAVO POBLACIONES, Juan | Director | 2023-02-22 | Mar 1973 | Spanish |
| FERNANDEZ, Jesus Alberto Diez | Director | 2023-02-22 | Apr 1972 | Spanish |
| RUIZ, Francisco Acuna | Director | 2023-02-22 | Oct 1973 | Spanish |
Show 27 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ARROLA GONZALEZ, Alexander | Secretary | 2014-05-13 | 2023-02-22 |
| ESQUIVIAS VILLALOBOS, Angel Javier | Secretary | 2014-05-13 | 2019-08-22 |
| FERGUS, Christopher Robert | Secretary | 2012-06-12 | 2014-05-13 |
| GOWANS, David | Secretary | 2012-06-12 | 2014-05-13 |
| GOWANS, David | Secretary | 2009-03-05 | 2011-10-19 |
| JAMIESON, Ogilvie | Secretary | 2002-08-21 | 2002-12-31 |
| JONES, Yolanda Antonia | Secretary | 2011-10-19 | 2018-12-20 |
| MCKINLAY, David | Secretary | 2012-06-12 | 2014-05-13 |
| PRADO REY BALTAR, Ignacio Maria | Secretary | 2014-05-13 | 2018-05-30 |
| STEWART, John | Secretary | 2003-07-31 | 2009-03-05 |
| WATSON, Sharon Anne | Secretary | 2002-12-31 | 2003-07-31 |
| FORM 10 SECRETARIES FD LTD | Corporate Nominee Secretary | 2002-08-09 | 2002-08-14 |
| ADDISON-SMYTH, Gregory Martin | Director | 2011-08-03 | 2018-09-27 |
| BALTAR, Ignacio Maria Prado Rey | Director | 2012-06-12 | 2018-05-30 |
| CARDELL BILBAO, Pablo | Director | 2021-11-01 | 2023-05-15 |
| ENRILE MORA-FIGUEROA, Pedro | Director | 2018-05-30 | 2023-02-22 |
| FERGUS, Christopher Robert | Director | 2005-05-20 | 2013-04-22 |
| GONZÁLEZ, Alexander Arrola | Director | 2012-06-12 | 2023-02-22 |
| GOWANS, David | Director | 2005-05-20 | 2014-05-13 |
| GÓMEZ GARZÓN, Jacinto | Director | 2012-06-12 | 2023-02-22 |
| HENAREJOS MESEGUER, Antonio Luis | Director | 2018-09-28 | 2021-11-01 |
| KINSELLA, Michael John | Director | 2023-05-15 | 2024-07-02 |
| MCKINLAY, David | Director | 2005-05-20 | 2014-05-13 |
| RODRÍGUEZ, Argimiro Ramón | Director | 2012-06-12 | 2023-02-22 |
| VILLALOBOS, Angel Javier Esquivias | Director | 2012-06-12 | 2019-08-22 |
| WATSON, Martin Jackson | Director | 2002-08-21 | 2010-04-07 |
| FORM 10 DIRECTORS FD LTD | Corporate Nominee Director | 2002-08-09 | 2002-08-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Elecnor Servicios Y Proyectos S.A.U | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-11-15 | Active |
| Elecnor Sa | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors, Significant influence | 2016-05-01 | Ceased 2021-11-15 |
Filing timeline
Last 20 of 183 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-08-14 MA Memorandum articles
- 2023-08-14 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-08-11 | AA | accounts | Accounts with accounts type full | |
| 2026-01-06 | AA | accounts | Accounts with accounts type full | |
| 2025-08-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-27 | AUD | auditors | Auditors resignation company | |
| 2025-01-06 | AA | accounts | Accounts with accounts type full | |
| 2024-11-14 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-10-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-10-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-08-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-15 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-30 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2023-10-16 | AA | accounts | Accounts with accounts type full | |
| 2023-08-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-14 | MA | incorporation | Memorandum articles | |
| 2023-08-14 | RESOLUTIONS | resolution | Resolution | |
| 2023-06-12 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2023-06-02 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-02 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- 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.