I.C. ELECTRICAL LIMITED
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Cash
£1M
Latest balance sheet
Net assets
-£1M
Equity attributable
Employees
51
Average over period
Profit before tax
£1M
Period ending 2025-12-31
Net assets
2-year trend · vs Industrials 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 | £5,810,699 | £10,986,858 | — | |
| Operating profit | £429,053 | £1,556,107 | — | |
| Profit before tax | £398,903 | £1,396,970 | — | |
| Net profit | £265,012 | £1,031,282 | — | |
| Cash | £435,965 | £1,056,524 | — | |
| Total assets less current liabilities | -£1,828,464 | -£945,307 | — | |
| Net assets | -£2,497,783 | -£1,466,602 | — | |
| Equity | -£2,497,783 | -£1,466,602 | — | |
| Average employees | 51 | 51 | — | |
| Wages | £1,840,212 | £3,940,583 | — | |
| Directors' remuneration | £62,198 | £126,078 | — |
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 —. Year-on-year comparison hidden: this filing covers about 12 months versus 6 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | 7.4% | 14.2% | |
| Net margin | 4.6% | 9.4% | |
| Return on capital employed | -23.5% | -164.6% | |
| Current ratio | 0.58x | 0.68x | |
| Interest cover | 13.52x | 9.58x |
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 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Folkes Worton LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared forecasts covering a period of at least 12 months from the date of the approval of these financial statements. In addition, the parent company has provided written confirmation of its intention to provide financial support, if required, for the foreseeable future. On this basis, the directors are satisfied that it is appropriate for the Company to continue to prepare the financial statements on a going concern basis.”
Significant events
- “The period under review represents a landmark year of improved performance and growth, building on the turnaround achieved in the prior reporting period.”
- “During the period, the company strengthened relationships with existing clients and developed strategic partnerships with new clients.”
- “during the period the company received a record intake of enquiries and identified a significant number of further pipeline opportunities.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALA-HEIKKILA, Timo Tuomas | Director | 2017-12-15 | Jun 1968 | Finnish |
| GATES, Zak Samuel | Director | 2025-12-09 | Nov 1992 | British |
| LOVDAHL, Jakob | Director | 2021-04-23 | Jan 1987 | Finnish |
| MANTYLA BAEZA, Outi Johanna | Director | 2023-08-31 | Jan 1983 | Finnish |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| EMMERSON, Jennifer | Secretary | 1997-06-19 | 2001-06-01 |
| MCNEILLY, Timothy Guy | Secretary | 2000-12-12 | 2024-06-28 |
| WATERLOW SECRETARIES LIMITED | Corporate Nominee Secretary | 1997-06-19 | 1997-06-19 |
| EKMAN, Marko Mikael | Director | 2017-12-15 | 2018-12-21 |
| EMMERSON, Christopher | Director | 1997-06-19 | 2020-12-09 |
| MAKINEN, Petri | Director | 2021-04-23 | 2023-08-31 |
| MARRIOTT, Shaun Anthony | Director | 2021-10-19 | 2025-12-10 |
| MARRIOTT, Shaun | Director | 2014-07-01 | 2017-12-15 |
| MCNEILLY, Timothy Guy | Director | 2000-12-12 | 2024-06-28 |
| VATAJA, Jari Antero | Director | 2018-11-12 | 2020-12-09 |
| WATERLOW NOMINEES LIMITED | Corporate Nominee Director | 1997-06-19 | 1997-06-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Vaasa Engineering Oy | Corporate entity | Shares 50–75%, Voting 50–75% | 2017-12-15 | Ceased 2018-06-13 |
| Timothy Guy Mcneilly | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2017-12-15 |
| Christopher Emmerson | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2017-12-15 |
Filing timeline
Last 20 of 125 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-26 | AA | accounts | Accounts with accounts type full | |
| 2026-01-21 | CH01 | officers | Change person director company with change date | |
| 2026-01-21 | CH01 | officers | Change person director company with change date | |
| 2026-01-21 | CH01 | officers | Change person director company with change date | |
| 2026-01-21 | CH01 | officers | Change person director company with change date | |
| 2026-01-21 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-12-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-03 | SH06 | capital | Capital cancellation shares | |
| 2025-09-02 | SH03 | capital | Capital return purchase own shares | |
| 2025-07-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-28 | AA | accounts | Accounts with accounts type full | |
| 2025-03-28 | AA | accounts | Accounts with accounts type full | |
| 2024-11-07 | AA01 | accounts | Change account reference date company current shortened | |
| 2024-08-30 | RP04TM02 | officers | Second filing of secretary termination with name | |
| 2024-08-30 | RP04TM01 | officers | Second filing of director termination with name | |
| 2024-07-10 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2024-07-10 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2024-07-02 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 2
- Officers appointed
- 1
- Officers resigned
- 1
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.