INTELLIGENT GROWTH SOLUTIONS LIMITED

• ⚠

  Material uncertainty over going concern

  At the time of signing the directors have a reasonable expectation that the group and company has sufficient cash reserves to allow time to commence key customer contracts and to secure additional funding. IGS continues to be in a fundraising stage and requires further investment as cash reserves are forecasted to be exhausted before the end of 2025. As a result, the directors consider that these matters give rise to a material uncertainty which may cast doubt about the group and company's ability to continue as a going concern.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -51.8%

  £12,120,000 → £5,847,000

• Cash

  +313.7%

  £474,000 → £1,961,000

• Net assets

  +499.4%

  -£1,315,000 → £5,252,000

• Employees

  -23.5%

  230 → 176

• Operating profit

  +48.9%

  -£28,295,000 → -£14,455,000

• Profit before tax

  +45.7%

  -£28,543,000 → -£15,502,000

• Wages

  -48.8%

  £14,326,000 → £7,336,000

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

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.

1. INTELLIGENT GROWTH SOLUTIONS LIMITED 2013-06-19 → present
2. KINBURN (185) LIMITED 2013-01-17 → 2013-06-19

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Johnston Carmichael LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“At the time of signing the directors have a reasonable expectation that the group and company has sufficient cash reserves to allow time to commence key customer contracts and to secure additional funding. IGS continues to be in a fundraising stage and requires further investment as cash reserves are forecasted to be exhausted before the end of 2025. As a result, the directors consider that these matters give rise to a material uncertainty which may cast doubt about the group and company's ability to continue as a going concern.”

Group structure

1. INTELLIGENT GROWTH SOLUTIONS LIMITED · parent
   1. Intelligent Growth Solutions Inc. 100% · USA · research and development, productisation and supply of systems and services using science and technology, for industrial applications, principally in sustainable Controlled Environment Agriculture
   2. Intelligent Growth Solutions Pte. Ltd. 100% · Singapore · research and development, productisation and supply of systems and services using science and technology, for industrial applications, principally in sustainable Controlled Environment Agriculture

Significant events

• “During the financial year, the group successfully delivered operational farms in North America and the UK. In addition, the group signed supply agreements for its first "GigaFarm" projects in the UAE and North America, positioning the group for significant growth in the coming years.”
• “In January 2025, the company issued 600 Ordinary shares at 0.1p each for a total consideration of £1. In February 2025, the group approved the raising of £15,000k from the issue of Convertible Loan Notes of which £8,500k was received at first close in February 2025 and a further £3,822k was received at second close in July 2025. In February 2025, the company granted a Bond and Floating charge over the company's assets in favour of S2G Builders Food & Agriculture Fund III LP, as Security Trustee for investors issued with Convertible Loan Notes at first close in February 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

20

last 12 months

Capital events

7

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.