IP GROUP PLC
IP Group plc is a London Stock Exchange-listed early-stage investor that commercialises intellectual property originating from universities and research institutions across the deep technology, life sciences, and clean technology sectors.
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Cash
£195M
+92.8% vs 2024
Net assets
£975M
+2.4% vs 2024
Employees
78
-1.3% vs 2024
Profit before tax
£6.6M
+124.5% vs 2024
Profit before tax
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £5,500,000 | £7,400,000 | +34.5% | |
| Operating profit | -£19,800,000 | £8,100,000 | +140.9% | |
| Profit before tax | -£26,900,000 | £6,600,000 | +124.5% | |
| Net profit | — | — | — | |
| Cash | £100,900,000 | £194,500,000 | +92.8% | |
| Total assets less current liabilities | £929,100,000 | £1,263,100,000 | +35.9% | |
| Net assets | — | — | — | |
| Equity | £952,500,000 | £975,100,000 | +2.4% | |
| Average employees | 79 | 78 | -1.3% | |
| Wages | — | — | — | |
| Directors' remuneration | £1,732,000 | £2,583,000 | +49.1% |
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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | — | 109.5% | |
| Return on capital employed | -2.1% | 0.6% | |
| Current ratio | 6.05x | 14.65x | |
| Interest cover | -1.55x | 0.86x |
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. 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.
Name history
Renamed 4 times since incorporation
- IP GROUP PLC 2006-04-26 → present
- IP2IPO GROUP PLC 2003-09-29 → 2006-04-26
- IP2IPO GROUP LIMITED 2001-07-31 → 2003-09-29
- IP2IPO LIMITED 2001-05-22 → 2001-07-31
- DE FACTO 929 LIMITED 2001-04-24 → 2001-05-22
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared the financial statements on the going concern basis as they believe that the Group and the Parent Company will be able to continue in business for at least a year from the date of approval of the financial statements and that the going concern basis of accounting is appropri”
Group structure
- IP GROUP PLC · parent
- IF2PO Nominees Limited 100%
- IF2PO Ventures (Scotland) Limited 100%
- IF2PO Australia IP Pty Limited 100%
Significant events
- “IP Group's acquisition of Metsera highlighted the strength and value of licensing activities in the obesity drug space where we hold valuable rights to several promising programmes. This drove a re-evaluation of the Group’s portfolio value, unlocking additional potential in the Group’s holdings which we now fully exited foll”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 34 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LEACH, Angela | Secretary | 2008-01-08 | — | British |
| BAYNES, David Graham | Director | 2014-03-20 | Jan 1964 | British |
| BROWN, Caroline Anne, Dr | Director | 2019-07-01 | Jun 1962 | British,Irish |
| CHAE, Heejae Richard | Director | 2018-05-03 | Jan 1969 | American |
| FLINT, Douglas Jardine, Sir | Director | 2018-09-17 | Jul 1955 | British |
| HYNES, Aedhmar | Director | 2019-08-01 | Jul 1966 | Irish |
| KIDGELL, Anita | Director | 2023-01-18 | Jul 1963 | British |
| QUEEN, Michael James | Director | 2026-05-07 | Sep 1961 | British |
| SMITH, Gregory Simon | Director | 2011-06-02 | Nov 1978 | British |
Show 34 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GOODLAD, Magnus James | Secretary | 2004-10-09 | 2008-01-08 |
| GORDON, Nigel Raymond | Secretary | 2003-09-29 | 2004-10-09 |
| THOMAS, David Albert | Secretary | 2001-05-17 | 2002-07-23 |
| SCRIP SECRETARIES LIMITED | Corporate Secretary | 2002-07-23 | 2003-09-29 |
| TRAVERS SMITH SECRETARIES LIMITED | Corporate Nominee Secretary | 2001-04-24 | 2001-05-17 |
| AUBREY, Alan John | Director | 2005-01-20 | 2021-10-06 |
| BARTLETT, Anthony David | Director | 2001-07-16 | 2002-07-17 |
| BEESON, Andrew Nigel Wendover | Director | 2001-05-17 | 2004-04-06 |
| BEGG, David Knox Houston, Professor | Director | 2017-10-18 | 2021-06-09 |
| BROOKE, Christopher Roger Ettrick | Director | 2001-12-20 | 2011-08-31 |
| BROOKE, Stephen Henry Ralph | Director | 2006-01-01 | 2006-09-12 |
| BROOKS, Jonathan | Director | 2011-08-31 | 2020-03-10 |
| BYFORD, Charles William | Director | 2001-05-17 | 2002-08-26 |
| CAMPBELL, David Bruce, Dr | Director | 2004-10-08 | 2007-03-05 |
| CARPENTER, Francis Adam Wakefield | Director | 2008-04-18 | 2014-07-01 |
| DAVIES, John | Director | 2001-07-16 | 2005-09-13 |
| FIELDING, Alison Margaret, Dr | Director | 2005-01-20 | 2013-06-30 |
| FITZGIBBONS, Harry Edward | Director | 2001-10-25 | 2004-06-09 |
| GLADDEN, Lynn, Professor | Director | 2014-03-26 | 2018-09-30 |
| GOODLAD, Magnus James | Director | 2006-03-31 | 2010-08-27 |
| HUMPHREY, Michael | Director | 2011-10-14 | 2018-10-31 |
| LEE, Steven Koon Ching, Dr | Director | 2002-09-26 | 2004-09-01 |
| LIVERSIDGE, Douglas Brian | Director | 2014-03-20 | 2017-12-31 |
| NORWOOD, David Robert | Director | 2001-05-17 | 2008-12-31 |
| RICHARDS, William Graham, Professor | Director | 2001-12-21 | 2013-05-14 |
| SMITH, Bruce Gordon, Dr | Director | 2002-09-11 | 2015-03-24 |
| SNOW, Alexander Charles Wallace | Director | 2002-07-11 | 2004-05-20 |
| SULLIVAN, Elaine, Dr | Director | 2015-07-30 | 2024-06-12 |
| THOMAS, David Albert | Director | 2001-05-17 | 2002-01-17 |
| TOWNEND, Michael Charles Nettleton | Director | 2007-03-05 | 2021-10-06 |
| WINWARD, Charles Stephen | Director | 2011-10-14 | 2014-04-23 |
| WRIGHT, Christopher John, Dr | Director | 2001-05-17 | 2002-11-13 |
| TRAVERS SMITH LIMITED | Corporate Nominee Director | 2001-04-24 | 2001-05-17 |
| TRAVERS SMITH SECRETARIES LIMITED | Corporate Nominee Director | 2001-04-24 | 2001-05-17 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 475 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-07 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-03 | AA | accounts | Accounts with accounts type group | |
| 2026-01-13 | SH06 | capital | Capital cancellation shares | |
| 2026-01-13 | SH06 | capital | Capital cancellation shares | |
| 2026-01-13 | SH06 | capital | Capital cancellation shares | |
| 2026-01-13 | SH06 | capital | Capital cancellation shares | |
| 2026-01-13 | SH06 | capital | Capital cancellation shares | |
| 2026-01-13 | SH06 | capital | Capital cancellation shares | |
| 2026-01-13 | SH03 | capital | Capital return purchase own shares | |
| 2026-01-13 | SH03 | capital | Capital return purchase own shares | |
| 2026-01-13 | SH03 | capital | Capital return purchase own shares | |
| 2026-01-13 | SH03 | capital | Capital return purchase own shares | |
| 2025-12-08 | SH06 | capital | Capital cancellation shares | |
| 2025-12-08 | SH06 | capital | Capital cancellation shares | |
| 2025-12-08 | SH06 | capital | Capital cancellation shares | |
| 2025-12-08 | SH06 | capital | Capital cancellation shares | |
| 2025-12-08 | SH06 | capital | Capital cancellation shares | |
| 2025-12-08 | SH06 | capital | Capital cancellation shares | |
| 2025-12-08 | SH06 | capital | Capital cancellation shares | |
| 2025-12-08 | SH06 | capital | Capital cancellation shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 18
- Officers appointed
- 1
- 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.