IOT ENERGY SERVICES LTD.
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Cash
£67K
-79.9% lowest in 4 filed years
Net assets
-£1M
-22.5% lowest in 4 filed years
Employees
4
0% vs 2024
Profit before tax
—
Period ending 2025-12-31
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | — | £8,781 | — | — | — | — | |
| Operating profit | — | -£425,344 | — | — | — | — | |
| Profit before tax | — | -£438,886 | — | — | — | — | |
| Net profit | — | -£438,886 | — | £140,684 | -£266,142 | -289.2% | |
| Cash | — | £185,213 | £270,580 | £335,098 | £67,454 | -79.9% | |
| Total assets less current liabilities | — | -£924,210 | -£1,292,249 | -£1,157,144 | -£1,428,968 | -23.5% | |
| Net assets | — | -£960,860 | -£1,323,417 | -£1,182,733 | -£1,448,875 | -22.5% | |
| Equity | -£521,974 | -£960,860 | -£1,323,417 | -£1,182,733 | -£1,448,875 | -22.5% | |
| Average employees | — | 3 | 3 | 4 | 4 | 0% | |
| Wages | — | £206,738 | — | — | — | — | |
| Directors' remuneration | — | — | — | — | — | — |
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 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Return on capital employed | — | 46.0% | — | — | — | |
| Current ratio | — | — | — | 0.23x | 0.07x | |
| Interest cover | — | -31.41x | — | — | — |
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.
Name history
Renamed 3 times since incorporation
- IOT ENERGY SERVICES LTD. 2021-04-28 → present
- INDEPENDENT OIL TOOLS LIMITED 2017-05-08 → 2021-04-28
- MOUNTWEST PETROLEUM LIMITED 2017-04-27 → 2017-05-08
- MM&S (5957) LIMITED 2017-03-28 → 2017-04-27
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Hall Morrice LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least twelve months from the date of signing the financial statements. Thus the directors have adopted the going concern basis of accounting in preparing the financial statements.”
Significant events
- “In 2024, the company received loan forgiveness from a related party, NOCO (UK) Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| STRONACHS SECRETARIES LIMITED | Corporate Secretary | 2017-09-30 | — | — |
| REID, Christopher Donald | Director | 2026-01-31 | Aug 1977 | Scottish |
| ROPPESTAD, Oeyvind | Director | 2026-01-31 | Jun 1990 | Norwegian |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MACLAY MURRAY & SPENS LLP | Corporate Secretary | 2017-03-28 | 2017-09-30 |
| EIDE, Ulf | Director | 2017-04-26 | 2026-01-31 |
| NOBLE, Stuart Iain | Director | 2017-04-26 | 2026-01-31 |
| TRUESDALE, Christine | Director | 2017-03-28 | 2017-04-25 |
| VINDEX LIMITED | Corporate Director | 2017-03-28 | 2017-04-26 |
| VINDEX SERVICES LIMITED | Corporate Director | 2017-03-28 | 2017-04-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Brede Bjovad Larsen | Individual | Shares 25–50%, Voting 25–50% | 2024-01-01 | Active |
| Mr Berge Gerdt Larsen | Individual | Shares 25–50%, Voting 25–50% | 2024-01-01 | Active |
| Noco (Uk) Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2018-08-29 | Ceased 2021-06-10 |
| Tot Drilling Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-04-26 | Ceased 2018-08-29 |
| Vindex Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2017-03-28 | Ceased 2017-04-26 |
| Vindex Services Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2017-03-28 | Ceased 2017-04-26 |
Filing timeline
Last 20 of 67 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-13 | AA | accounts | Accounts with accounts type full | |
| 2026-04-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-13 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-19 | AA | accounts | Accounts with accounts type small | |
| 2025-03-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-21 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-05-21 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-05-21 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2024-04-03 | AA | accounts | Accounts with accounts type full | |
| 2024-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-12 | AA | accounts | Accounts with accounts type full | |
| 2023-04-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-20 | AA | accounts | Accounts with accounts type full | |
| 2022-03-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-07-02 | AA | accounts | Accounts with accounts type full | |
| 2021-06-22 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2021-06-22 | 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
- 7
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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.