ITIM LIMITED
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Cash
£1.4m
-45.1% vs 2024
Net assets
-£13m
-14.4% lowest in 3 filed years
Employees
78
-4.9% lowest in 3 filed years
Profit before tax
-£1.9m
-163.6% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Technology 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 | £10,464,000 | £11,735,000 | £10,560,000 | -10% | |
| Operating profit | -£1,987,000 | -£568,000 | -£1,785,000 | -214.3% | |
| Profit before tax | -£2,002,000 | -£723,000 | -£1,906,000 | -163.6% | |
| Net profit | -£1,793,000 | -£767,000 | -£1,623,000 | -111.6% | |
| Cash | £937,000 | £2,575,000 | £1,414,000 | -45.1% | |
| Total assets less current liabilities | -£9,858,000 | -£10,373,000 | — | — | |
| Net assets | -£10,507,000 | -£11,274,000 | -£12,897,000 | -14.4% | |
| Equity | -£10,507,000 | — | — | — | |
| Average employees | 89 | 82 | 78 | -4.9% | |
| Wages | £5,786,000 | £5,589,000 | £5,335,000 | -4.5% | |
| Directors' remuneration | £834,000 | £986,000 | £1,066,000 | +8.1% |
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 | -19.0% | -4.8% | -16.9% | |
| Net margin | -17.1% | -6.5% | -15.4% | |
| Gearing (liabilities / total assets) | 198.1% | 206.4% | 222.3% | |
| Current ratio | 0.23x | 0.21x | 0.19x |
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 3 times since incorporation
- ITIM LIMITED 2006-02-08 → present
- ZYGON SYSTEMS LIMITED 1997-03-19 → 2006-02-08
- E-CAT SOLUTIONS LIMITED 1996-07-24 → 1997-03-19
- MIGHTCHARGE LIMITED 1996-06-06 → 1996-07-24
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- RPG Crouch Chapman LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HAYES, Ian Dennis | Secretary | 2010-10-27 | — | — |
| ATHAR, Mahmood Ali | Director | 2002-12-13 | May 1955 | British |
| EVETTS, Simon | Director | 2018-01-24 | Mar 1971 | British |
| FROSELL, Robert Nicholas | Director | 2002-12-13 | Feb 1949 | British |
| HAYES, Ian Dennis | Director | 2006-08-15 | Sep 1964 | British |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CURTIS, Simon Marc | Secretary | 2004-03-17 | 2010-10-27 |
| LANDALE, Peter David Roper | Secretary | 1999-02-02 | 2004-04-22 |
| MCGRILLIS, John | Secretary | 1996-06-24 | 1999-02-11 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1996-06-06 | 1996-06-24 |
| BOSWELL, Andrew James | Director | 2000-12-19 | 2001-06-28 |
| CURTIS, Simon Marc | Director | 2006-11-20 | 2010-10-27 |
| DOBREE, James Saumarez | Director | 1999-02-02 | 2001-09-12 |
| EDWARDS, Stephen | Director | 2002-01-25 | 2002-12-12 |
| HOUGH, Edmund Alan, Dr | Director | 1999-06-29 | 2002-01-25 |
| LANDALE, Peter David Roper | Director | 1996-09-12 | 2004-04-22 |
| LANDALE, Peter David Roper | Director | 1996-06-24 | 1996-09-12 |
| MANN, Robert Fraser | Director | 2001-08-31 | 2003-04-30 |
| MCGRILLIS, John | Director | 1996-09-12 | 1999-02-11 |
| MCGRILLIS, John | Director | 1996-06-24 | 1996-09-12 |
| OSSMAN, Mohamed Hilar | Director | 1996-09-12 | 1998-06-19 |
| SHANTHAKUBAN, Witeyratnam | Director | 1996-09-12 | 2000-01-17 |
| WHEELER, John | Director | 2002-03-27 | 2002-12-12 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1996-06-06 | 1996-06-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Itim Group Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 188 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-06 | AA | accounts | Accounts with accounts type full | |
| 2026-06-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-29 | AA | accounts | Accounts with accounts type group | |
| 2024-06-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-23 | AA | accounts | Accounts with accounts type full | |
| 2023-06-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-05-09 | AA | accounts | Accounts with accounts type full | |
| 2022-06-16 | AA | accounts | Accounts with accounts type full | |
| 2022-06-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-07 | AA | accounts | Accounts with accounts type full | |
| 2021-06-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-09-25 | AA | accounts | Accounts with accounts type full | |
| 2020-06-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-10-03 | AA | accounts | Accounts with accounts type full | |
| 2019-06-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2018-08-01 | AA | accounts | Accounts with accounts type full | |
| 2018-06-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2018-01-24 | AP01 | officers | Appoint person director company with name date | |
| 2017-06-14 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.