IPSUM DRAINAGE (SCOTLAND) LIMITED
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Cash
£69k
-88.4% lowest in 3 filed years
Net assets
£5.6m
+35.9% highest in 3 filed years
Employees
106
+1.9% vs 2024
Profit before tax
£1.5m
+201.3% 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 | £9,009,391 | £8,449,552 | £8,761,992 | +3.7% | |
| Operating profit | -£324,457 | -£1,342,345 | £1,538,119 | +214.6% | |
| Profit before tax | -£375,273 | -£1,458,481 | £1,476,967 | +201.3% | |
| Net profit | -£10,844 | -£1,276,215 | £1,476,967 | +215.7% | |
| Cash | £331,886 | £597,401 | £69,019 | -88.4% | |
| Total assets less current liabilities | £6,957,642 | £4,798,596 | £5,920,395 | +23.4% | |
| Net assets | £5,395,592 | £4,119,377 | £5,596,344 | +35.9% | |
| Equity | £5,395,592 | £4,119,377 | £5,596,344 | +35.9% | |
| Average employees | 120 | 104 | 106 | +1.9% | |
| Wages | £3,972,153 | £3,742,865 | £4,112,454 | +9.9% | |
| Directors' remuneration | — | — | — | — |
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 | -3.6% | -15.9% | 17.6% | |
| Net margin | -0.1% | -15.1% | 16.9% | |
| Return on capital employed | -4.7% | -28.0% | 26.0% | |
| Gearing (liabilities / total assets) | 50.7% | 61.0% | 36.4% | |
| Current ratio | 1.72x | 1.42x | 2.33x | |
| Interest cover | -6.38x | -11.56x | 25.15x |
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 5 times since incorporation
- IPSUM DRAINAGE (SCOTLAND) LIMITED 2020-12-29 → present
- EEG UTILITIES LIMITED 2013-04-23 → 2020-12-29
- DCS UTILITIES LIMITED 2012-07-24 → 2013-04-23
- EEG UTILITIES LIMITED 2012-07-19 → 2012-07-24
- DCS UTILITIES LIMITED 2009-03-30 → 2012-07-19
- ENSCO 266 LIMITED 2009-03-12 → 2009-03-30
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial projections of the prospects of the Ipsum Group have been prepared and they indicate there are sufficient funds generated to support the liabilities of the Company as they fall due. Consequently, the Directors have prepared the accounts on a going concern basis.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COWAN, Andrew David | Director | 2024-10-14 | Oct 1966 | British |
| KANEY, Mark Francis John | Director | 2022-05-03 | Sep 1975 | British |
| VAUGHAN, Mathew Gareth | Director | 2022-10-27 | Dec 1976 | British |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DUNCAN, William Murray | Secretary | 2009-03-30 | 2012-04-25 |
| BURNESS PAULL LLP | Corporate Secretary | 2012-04-25 | 2019-02-22 |
| HBJGW SECRETARIAL LIMITED | Corporate Secretary | 2009-03-12 | 2009-03-30 |
| ALMOND, Deborah Jane | Director | 2009-03-12 | 2009-03-30 |
| FERNIE, Greg Nicholas Louden | Director | 2019-02-22 | 2020-01-04 |
| FULTON, Lynne | Director | 2019-02-22 | 2020-11-27 |
| HIGGINS, Gavin Stewart | Director | 2012-11-26 | 2014-06-06 |
| JOYCE, Stephen | Director | 2013-02-05 | 2016-05-27 |
| KELLY, Joseph Shaun | Director | 2009-03-30 | 2010-02-19 |
| MILLIGAN, Maureen | Director | 2014-11-01 | 2022-04-08 |
| MOON, Kevin Andrew | Director | 2009-03-30 | 2011-04-01 |
| SHARDLOW, Susan | Director | 2021-03-25 | 2022-12-31 |
| SNEDDON, William | Director | 2011-06-30 | 2012-06-26 |
| SPINKS, Roderick George | Director | 2009-03-30 | 2013-02-19 |
| TAYLOR, John James | Director | 2011-04-01 | 2012-09-17 |
| THOMAS, Richard David | Director | 2020-09-01 | 2024-10-31 |
| WHITE, Charles Liddell | Director | 2016-05-27 | 2019-02-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ipsum Infrastructure Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 114 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-07 | AA | accounts | Accounts with accounts type full | |
| 2026-02-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-07 | AA | accounts | Accounts with accounts type full | |
| 2025-02-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-07 | AA | accounts | Accounts with accounts type full | |
| 2024-02-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-13 | AA | accounts | Accounts with accounts type full | |
| 2023-07-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-07-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-07-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-05-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-05-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-11 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-15 | AA | accounts | Accounts with accounts type full | |
| 2022-11-01 | AP01 | officers | Appoint person director company with name date | |
| 2022-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2022-04-08 | TM01 | officers | Termination director company with name termination 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.