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Cash

£5M

+10.7% highest in 3 filed years

Net assets

£17M

+9.3% highest in 3 filed years

Employees

224

+45.5% highest in 3 filed years

Profit before tax

£4.5M

+27% highest in 3 filed years

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31

Metric Trend 2023-12-312024-12-312025-12-31 Δ vs prior
Turnover £26,189,141£32,761,567£43,180,829 +31.8%
Operating profit £1,941,015£3,505,192£4,503,784 +28.5%
Profit before tax £2,071,399£3,540,704£4,497,155 +27%
Net profit £1,575,741£2,615,395£3,487,444 +33.3%
Cash £3,702,458£4,548,093£5,036,804 +10.7%
Total assets less current liabilities £16,146,306£16,331,473£17,816,867 +9.1%
Net assets £15,580,539£15,989,759£17,476,953 +9.3%
Equity £15,580,539£15,989,759£17,476,953 +9.3%
Average employees 171154224 +45.5%
Wages £11,080,106£13,279,777£14,528,496 +9.4%
Directors' remuneration £159,599£171,672£193,892 +12.9%

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 2023-12-312024-12-312025-12-31
Operating margin 7.4%10.7%10.4%
Net margin 6.0%8.0%8.1%
Return on capital employed 12.0%21.5%25.3%
Gearing (liabilities / total assets) 20.8%21.8%25.8%
Current ratio 4.56x4.13x3.43x
Interest cover 17.92x63.48x

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

  1. IKM TESTING UK LIMITED 1999-06-01 → present
  2. IKM KENTONS PIPELINE TESTING SERVICES LIMITED 1998-02-09 → 1999-06-01
  3. DIRECTFLEX LIMITED 1997-11-18 → 1998-02-09

Audit & accounting basis

Accounting basis
FRS 102
Reporting scope
Standalone (parent only)
Auditor
AAB Audit & Accountancy Limited
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.”

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

People

3 active · 8 resigned

Name Role Appointed Born Nationality
MEINICH BACHE, Erling Secretary 2005-08-15 Norwegian
KYLLINGSTAD, Stale Director 2018-08-31 Jul 1960 Norwegian
PERKIN, Anthony Stephen Director 2008-04-05 Nov 1957 British
Show 8 resigned officers
Name Role Appointed Resigned
GJERDE, Orjan Secretary 2000-04-29 2005-08-15
JAMES, John Nicholas Secretary 1998-01-08 1998-01-09
SELMER, Per Jan Secretary 1998-01-09 1999-01-01
JL NOMINEES TWO LIMITED Corporate Nominee Secretary 1997-11-18 1998-01-08
HAUGLAND, Vidar Director 1998-01-08 2005-06-01
KINGSNORTH, Stephen Director 2005-05-01 2018-08-31
KYLLINGSTAD, Stale Director 1998-01-09 2015-12-15
JL NOMINEES ONE LIMITED Corporate Nominee Director 1997-11-18 1998-01-08

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Mr Stale Kyllingstad Individual Shares 75–100% 2016-04-06 Active

Filing timeline

Last 20 of 99 total filings

Date Type Category Description
2026-06-19 AA accounts Accounts with accounts type full PDF
2025-11-06 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-09-12 AA accounts Accounts with accounts type full PDF
2024-11-15 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-08-28 AA accounts Accounts with accounts type full
2024-03-21 MR04 mortgage Mortgage satisfy charge full PDF
2023-12-04 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-07-19 AA accounts Accounts with accounts type full
2022-11-18 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-08-30 AA accounts Accounts with accounts type full
2021-12-23 CS01 confirmation-statement Confirmation statement with no updates PDF
2021-09-04 AA accounts Accounts with accounts type full
2021-01-21 CS01 confirmation-statement Confirmation statement with no updates PDF
2020-07-31 AA accounts Accounts with accounts type full
2019-12-04 CS01 confirmation-statement Confirmation statement with no updates PDF
2019-10-23 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2019-07-02 AA accounts Accounts with accounts type full
2018-11-28 CS01 confirmation-statement Confirmation statement with no updates PDF
2018-11-28 PSC09 persons-with-significant-control Withdrawal of a person with significant control statement PDF
2018-08-31 AP01 officers Appoint person director company with name date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
3

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

last 12 months

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

Official Companies House page