INDEPENDENCE PRODUCTS LTD
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Cash
£3m
+49.1% highest in 6 filed years
Net assets
£13m
+42.9% highest in 6 filed years
Employees
38
+15.2% highest in 6 filed years
Profit before tax
£10m
+77.8% highest in 3 filed years
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £8,688,225 | £14,364,714 | £20,436,563 | +42.3% | |
| Operating profit | — | — | — | £2,197,963 | £3,582,049 | £10,314,843 | +188% | |
| Profit before tax | — | — | — | £2,177,653 | £5,811,485 | £10,333,062 | +77.8% | |
| Net profit | — | — | — | £1,680,915 | £5,321,094 | £8,288,644 | +55.8% | |
| Cash | £485,150 | £208,695 | £59,451 | £1,248,200 | £2,044,435 | £3,048,634 | +49.1% | |
| Total assets less current liabilities | £1,071,660 | £1,563,273 | £2,734,322 | £3,902,405 | £9,282,718 | £13,291,061 | +43.2% | |
| Net assets | £815,605 | £991,305 | £2,210,311 | £3,891,226 | £9,212,320 | £13,163,464 | +42.9% | |
| Equity | £815,605 | £991,305 | £2,210,311 | £3,891,226 | £9,212,320 | £13,163,464 | +42.9% | |
| Average employees | 18 | 21 | 16 | 14 | 33 | 38 | +15.2% | |
| Wages | — | — | — | £351,157 | £1,528,308 | £2,786,800 | +82.3% | |
| Directors' remuneration | — | — | — | £115,725 | £449,597 | £663,918 | +47.7% |
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 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 25.3% | 24.9% | 50.5% | |
| Net margin | — | — | — | 19.3% | 37.0% | 40.6% | |
| Return on capital employed | — | — | — | 56.3% | 38.6% | 77.6% | |
| Current ratio | — | — | — | 0.24x | 0.49x | 0.89x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Auditor
- PKF Smith Cooper Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have received confirmation of the continued support from the Company's indirect parent, Metsi Topco Limited, to enable the Company to continue trading and pay all of its liabilities as they fall due for a period of at least twelve months from the date of signing the financial statements for the year ended 30 September 2025.”
Group structure
- INDEPENDENCE PRODUCTS LTD · parent
- Independence Direct Limited 100%
Significant events
- “On 13 January 2026 it was announced that the Company are relocating from Nottingham to a site based in Swindon.”
- “On 27 March 2026, the Company acquired 100% of the share capital of Douchossec, a Company registered in Marseille, for a total consideration of £463,000 (€530,000).”
- “The company has an unlimited multilateral guarantee dated 12 March 2024 with Metsi Midco 2 Limited, Metsi Bidco Limited and Independence Direct Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DUBOWSKI, Claire Louise | Director | 2024-04-01 | Apr 1981 | British |
| GOODBAN, Nick James | Director | 2023-09-04 | May 1977 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LEESE, Andrew Glyn | Secretary | 2011-06-20 | 2023-06-23 |
| LEESE, Sarah Marie | Secretary | 2006-09-08 | 2011-06-20 |
| LEESE, Andrew Glyn | Director | 2011-06-20 | 2023-06-23 |
| LEESE, Sarah Marie | Director | 2006-09-08 | 2011-06-20 |
| STEELE, James | Director | 2023-06-23 | 2023-07-21 |
| STOCKLEY, Ann Jeanette | Director | 2006-09-08 | 2011-06-20 |
| STOCKLEY, Peter Darran | Director | 2011-06-20 | 2024-07-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Metsi Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-06-23 | Active |
| Mr Andrew Glyn Leese | Individual | Shares 25–50%, Significant influence | 2016-04-06 | Ceased 2023-06-23 |
| Mr Peter Darran Stockley | Individual | Shares 25–50%, Significant influence | 2016-04-06 | Ceased 2023-06-23 |
Filing timeline
Last 20 of 74 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-03-20 MA Memorandum articles
- 2024-03-20 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-01 | AA | accounts | Accounts with accounts type full | |
| 2026-07-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-06-23 | SH01 | capital | Capital allotment shares | |
| 2026-06-18 | CH01 | officers | Change person director company with change date | |
| 2025-09-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-24 | AA | accounts | Accounts with accounts type full | |
| 2024-09-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-26 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-20 | MA | incorporation | Memorandum articles | |
| 2024-03-20 | RESOLUTIONS | resolution | Resolution | |
| 2024-03-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-03-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-03-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-03-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-02-29 | AA | accounts | Accounts with accounts type small | |
| 2023-09-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-05 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-05 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-29 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 1
- 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.