IVEGATE LIMITED
Company number 07562971 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
Based on the available Companies House data and the latest filed annual report for the year ended 31 December 2024, here is the financial health assessment for IVEGATE LIMITED.
Financial Health Score: B — Good
Grade explanation: Ivegate Limited is financially stable and has demonstrated real resilience, but it is not in “excellent” condition. It survived a major customer insolvency, kept a strong cash buffer, retained a clean audit report, and grew net assets. However, margins have compressed, cash has dipped slightly, and the business carries meaningful customer concentration risk. This is a “good, but needs monitoring” grade.
Key Vital Signs
| Vital Sign | Reading | Interpretation |
|---|---|---|
| Revenue | £46.19m (2024) vs £22.92m (6 months to Dec 2023) | On a reported basis revenue doubled, but the 2023 period was only 6 months. Annualised, revenue is broadly flat. The business has returned to expected levels. |
| Gross Profit Margin | 7.95% (2023: 11.18%) | A clear symptom of strain. The ISG insolvency affected cost recovery and squeezed underlying profitability. |
| Profit After Tax | £711k | Still profitable, but the net margin is thin — approximately 1.5%. Construction businesses often run thin, but this leaves little room for error. |