How much does Ipgl NO.16 Ltd make?

Ipgl NO.16 Ltd reported revenue of £3.6m and a loss of £2.6m in the year to 31 Mar 2025, according to its accounts filed at Companies House.

Is Ipgl NO.16 Ltd profitable?

No — Ipgl NO.16 Ltd reported a loss of £2.6m in the year to 31 Mar 2025.

Company No. 13530066 · Incorporated 26 Jul 2021

Ipgl NO.16 Ltd

Registered name: IPGL NO.16 LTD

Part of Ipgl (Holdings) Limited group

Ipgl NO.16 Ltd made £3.6m revenue and a £2.6m loss in the year to 31 Mar 2025.

Ipgl NO.16 Ltd’s revenue fell 17% to £3.6m in the year to 31 Mar 2025, with a loss of £2.6m. The company is classified under “scheduled passenger air transport” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSIC 51101Scheduled passenger air transport

Status: Active
Location: London
Age: 5 yrs · since 2021
Type: Private Limited Company

Latest accounts · year to 31 Mar 2025

Key figures

Revenue

£3.6m

Growth ▼17.5%

Profit

−£2.6m

Growth —

Profit margin

−73%

Gross 31.2%

Employees

—

Change —

Profit / employee

—

Profitable streak

0yrs

Consecutive profitable years in our data

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2024	31 Mar 2025
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£4.4m	£3.6m
Cost of sales	−£2.7m	−£2.5m
Gross profit	£1.7m	£1.1m
Operating profit	−£592k	−£1.4m
Profit before tax	−£2.5m	−£2.6m
Profit after tax	−£2.5m	−£2.6m
Profit (best available)	−£2.5m	−£2.6m
Employees (average)	—	—
Ratios
Profit margin	−56.6%	−73%
Gross margin	38.8%	31.2%
Growth (year on year)
Revenue growth	—	▼17.5%
Balance sheet — indirect signals, not revenue
Net assets	—	—
Source	Accounts · bulk data Jan 2025	Accounts · bulk data Jan 2026

Derived from the latest filing

How the business works

Profit margin: −73%; Profit ÷ revenue.
Gross margin: 31.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: —; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: —; Now —
Cash at bank: —; Now —
Headcount: —; Now —
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Ipgl (Holdings) Limitedultimate parent75–100%
Ipgl Limited75–100%
Ipgl NO.16 Ltdthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (11)

Ddcap LimitedFigures not disclosed
Epworth Trading LtdFigures not disclosed
Faro Capital LimitedFigures not disclosed
Ipgl No. 12 LLPFigures not disclosed
Ipgl NO.1 LtdFigures not disclosed
Ipgl NO.11 LtdFigures not disclosed
Ipgl NO.17 LtdFigures not disclosed
Ipgl NO.4 LtdFigures not disclosed
Ipgl NO.7 LtdFigures not disclosed
P1 Ipgl LimitedFigures not disclosed
Tellimer Group LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Mar 2025 (profit −£2.6m), from the Companies House accounts bulk data published Jan 2026. Spotted an error? Request a correction.

Updated from Companies House on 16 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.