The Independent Power Corporation Limited
03097552
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
30/06/2024
full
Next accounts due
30/06/2026
Confirmation statement
Last: 10/11/2025
Due 24/11/2026
Industry
Officers
director · Since 01/09/1995
MERCHANT BANKER
BRITISH · UNITED KINGDOM · Age 71
Also on 17 other boards
secretary · Since 22/09/2015
director · Since 22/09/2015
CONSULTANT
BRITISH · ENGLAND · Age 71
Also on 1 other board
director · Since 03/01/2020
CHARTERED ENGINEER
BRITISH,ARMENIAN · ENGLAND · Age 45
Also on 8 other boards
director · Since 03/01/2020
FINANCE DIRECTOR
BRITISH · UNITED KINGDOM · Age 65
Also on 4 other boards
director · Since 09/04/2021
COMPANY DIRECTOR
BOLIVIAN · UNITED KINGDOM · Age 71
Persons with Significant Control
Mr Peter Richard Stephen Earl
British · England · Age 71
Millbank Tower, 15th Floor Millbank Tower, London, SW1P 4QP
Notified 06/04/2016
Charges0 outstanding
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CompanyRankvs 4536+ SIC 82990 peers74
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
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. Our responsibilities and the responsibilities of the directors with respect to going concern are d
Key FinancialsYear ending 30/06/2023
Turnover
£1.2M
Annual revenue
Net Worth
£1.6M
Balance sheet strength
Cash
£19k
Cash in the bank
Profit Before Tax
£80k
Bottom line earnings
Net Current Assets
£1.3M
Working capital
Current Assets
£1.5M
Current Liabilities
£151k
Fixed Assets
£382k
Debtors
£1.4M
Cost of Sales
£1.1M
Gross Profit
£139k
Admin Expenses
£115k
Operating Profit
£80k
Profit After Tax
£80k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2023 | 9.69 | +£1.2M |
| 2022 | 1.57 | +£0 |
| 2021 | 1.35 | +£100k |
| 2020 | 1.35 | +£0 |
| 2019 | 1.03 | +£100k |
| 2018 | 1.01 | — |
Derived from filed accounts. Not audited figures.