Ipsco Limited
09277923
Some Concerns
- Negative net worth (-10)
- Going concern doubt noted in accounts (-10)
- 3 outstanding charges (-6)
Details
Compliance
Last accounts
28/02/2025
group
Next accounts due
30/11/2026
Confirmation statement
Last: 04/01/2026
Due 18/01/2027
Industry
Officers
director · Since 23/10/2014
PHARMACIST
BRITISH · UNITED KINGDOM · Age 70
Also on 5 other boards
director · Since 27/09/2018
CHIEF EXECUTIVE
BRITISH · ENGLAND · Age 63
Also on 5 other boards
director · Since 27/09/2018
FINANCE DIRECTOR
BRITISH · ENGLAND · Age 48
Also on 5 other boards
director · Since 14/04/2023
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 68
Also on 10 other boards
director · Since 01/07/2025
DIRECTOR
BRITISH · ENGLAND · Age 46
Also on 1 other board
Persons with Significant Control
Mr Ashokkumar Dahyabhai Patel
British · United Kingdom · Age 70
41 Central Avenue, West Molesey, KT8 2QZ
Notified 04/12/2016
Charges3 outstanding
BEECHBROOK MEZZANINE II JERSEY LIMITED ACTING AS SECURITY TRUSTEE
BEECHBROOK MEZZANINE II JERSEY LIMITED AS SECURITY AGENT
CLYDESDALE BANK PLC (TRADING AS BOTH CLYDESDALE BANK AND YORKSHIRE BANK)
BEECHBROOK MEZZANINE II JERSEY LIMITED AS SECURITY AGENT
CompanyRankvs 3730+ SIC 21200 peers20
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent 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
Key FinancialsYear ending 28/02/2025
Net Worth
-£10.9M
Balance sheet strength
Cash
£2.5M
Cash in the bank
Net Current Assets
-£18.3M
Working capital
Current Assets
—
Current Liabilities
—
Fixed Assets
£324k
Debtors
£700k
Cost of Sales
£27.4M
Admin Expenses
£7.3M
Profit After Tax
£3.6M
People Costs
Balance Sheet