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Cash

—

Latest balance sheet

Net assets

—

Equity attributable

Employees

—

Average over period

Profit before tax

£1.4m

+140.1% highest in 3 filed years

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

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 £36,432,079£483,472£5,890,704 +1,118.4%
Operating profit £355,177-£13,933,819£1,489,448 +110.7%
Profit before tax -£214,647-£3,473,775£1,391,965 +140.1%
Net profit £401,052-£3,498,025£1,375,077 +139.3%
Cash £1,981,510£415,558— —
Total assets less current liabilities £16,093,686£16,976,142— —
Net assets £15,362,787£15,943,813— —
Equity £15,362,787£15,943,813— —
Average employees 88115— —
Wages £3,972,809£3,189,177— —
Directors' remuneration £249,211£133,706— —
Directors' pension contributions £66,000£60,000— —
Highest paid director £137,804£120,466— —

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 1.0%—25.3%
Net margin 1.1%—23.3%
Return on capital employed 2.2%-82.1%—
Gearing (liabilities / total assets) 49.9%54.4%—
Current ratio 1.70x0.62x0.83x
Interest cover 0.62x—13.09x

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.

Audit & accounting basis

Accounting basis
FRS 102
Reporting scope
Standalone (parent only)
Auditor
Cooper Parry Group Limited
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The financial statements have been prepared on a going concern basis as at the time of signing these accounts the directors have reviewed the current trading performance and forecasts to December 2026 and have concluded that the company will continue to be able to trade within the facilities expected to be available to it, for a period of at least 12 months.”

Group structure

  1. IPP HOLDINGS (EUROPE) LIMITED · parent
    1. IPP Linvic Engineering Limited 100% · Note A · Dormant
    2. IPP Forging Limited^ 100% · Note A · Dormant
    3. IPP Mardale Limited 100% · Note A · Manufacture of pipes
    4. Integral Pressure Connections Limited^ 100% · Note A · Dormant
    5. IPP Scomark Engineering Limited* 100% · Note A · Manufacture of manifolds and bespoke fabrication~
    6. Scomark Pipe-fittings International Limited^ 100% · Note A · Dormant
    7. IPP Specialised Machine Services Limited 100% · Note A · Dormant
    8. IPP (Carbon & Alloy) Ltd* 100% · Note A · Carbon alloy stockist supply of piping products~
    9. International Piping Products (East Coast) Pty Ltd^* 100% · Note B · Supply of piping products
    10. IPP Stainless Steel Fasteners Limited* 100% · Note A · Supply of fasteners
    11. IPP Van Triel Limited* 100% · Note A · Supply of piping products
    12. IPP Accura Supply Limited 100% · Note A · Supply of piping products
    13. IPP Property Holdings Limited* 100% · Note A · Property holding company
    14. International Piping Products (Europe) Limited* 100% · Note A · Manufacture and supply of piping products
    15. IPP Plant & Equipment Leasing Limited* 100% · Note A · Leasing of plant and equipment
    16. IPP Stock Holdings Limited* 100% · Note A · Stock holding
    17. IPP Scomark (Europe) Limited* 100% · Note A · Supply of piping products
    18. IPP (Europe) Limited 100% · Note A · Manufacture and supply of piping products
    19. IPP (Aberdeen) Limited* 70% · Note A · Stockholding and supply of pipe fittings and flanges
    20. IPP-LEDA Limited* 70% · Note A · Stockholding and supply of bar
    21. IPP Scomark Holdings Limited 100% · Note C · Holding Company
    22. IPP Scomark Limited* 90% · Note C · Manufacture and supply of piping products
    23. IPP Scomark Singapore Pte Ltd^ 70% · Note D · Manufacture and supply of piping products
    24. IPP Middle East - FZCO 100% · Note E · Manufacture and supply of piping products

Significant events

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

People

3 active · 2 resigned

Name Role Appointed Born Nationality
WINNARD, Mark Secretary 2018-12-03 — —
AYRES, Jared Director 2018-12-03 Dec 1967 British
RIDDELL, Victoria Sarah Director 2023-03-06 Jan 1986 British
Show 2 resigned officers
Name Role Appointed Resigned
PENMAN, Mark Anderson Director 2019-04-01 2022-10-18
RODGER, Alan Mcintosh Director 2018-12-03 2019-10-31

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Ipp Global Holdings Limited Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2024-12-18 Active
Mr Jared Ayres Individual Shares 75–100%, Voting 75–100%, Appoints directors 2018-12-03 Ceased 2024-12-18

Filing timeline

Last 20 of 36 total filings

Date Type Category Description
2026-09-11 AA accounts Accounts with accounts type full
2026-05-22 CS01 confirmation-statement Confirmation statement with updates PDF
2025-12-31 SH01 capital Capital allotment shares PDF
2025-12-31 SH01 capital Capital allotment shares PDF
2025-08-04 PARENT_ACC accounts Legacy
2025-07-29 AA accounts Accounts with accounts type group
2025-06-27 MR01 mortgage Mortgage create with deed with charge number charge creation date PDF
2025-05-21 CS01 confirmation-statement Confirmation statement with updates PDF
2025-01-02 PSC02 persons-with-significant-control Notification of a person with significant control PDF
2025-01-02 PSC07 persons-with-significant-control Cessation of a person with significant control PDF
2025-01-02 SH01 capital Capital allotment shares PDF
2024-11-15 CS01 confirmation-statement Confirmation statement with updates PDF
2024-11-12 AA accounts Accounts with accounts type group
2024-09-27 AA01 accounts Change account reference date company previous shortened PDF
2023-11-21 CS01 confirmation-statement Confirmation statement with updates PDF
2023-07-19 AA01 accounts Change account reference date company current extended PDF
2023-06-09 AA accounts Accounts with accounts type group
2023-03-07 AP01 officers Appoint person director company with name date PDF
2023-02-10 PSC04 persons-with-significant-control Change to a person with significant control PDF
2023-01-11 TM01 officers Termination director company with name termination date

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
4

last 12 months

Capital events
3

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