Independent Engineers (Ni) Limited
Registered name: INDEPENDENT ENGINEERS (NI) LIMITED
Part of Ludgate Limited groupIndependent Engineers (Ni) Limited made £105k revenue and a £14k loss in the year to 31 Dec 2024.
Independent Engineers (Ni) Limited’s revenue fell 13% to £105k in the year to 31 Dec 2024, with a loss of £14k and 3 employees. The company is classified under “other activities auxiliary to insurance and pension funding” and is based in County Antrim; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- County Antrim
- Age
- 32 yrs · since 1994
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Profit & loss | Profit & loss | Profit & loss |
| Profit & loss | |||
| Revenue (turnover) | £134k | £121k | £105k |
| Operating profit | £2k | £20k | −£19k |
| Profit before tax | £2k | £20k | −£19k |
| Profit after tax | £2k | £15k | −£14k |
| Profit (best available) | £2k | £15k | −£14k |
| Employees (average) | 2 | 2 | 3 |
| Ratios | |||
| Profit margin | 1.5% | 12.4% | −13.3% |
| Revenue per employee | £67k | £60.5k | £35k |
| Profit per employee | £1k | £7.5k | −£4.7k |
| Growth (year on year) | |||
| Revenue growth | — | ▼9.7% | ▼13.2% |
| Profit growth | — | ▲650% | ▼193.3% |
| Headcount growth | — | 0% | ▲50% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Oct 2024 | Accounts · bulk data Oct 2024 | Accounts · bulk data Sep 2025 |
How the business works
- Profit margin
- −13.3%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £35k
- Revenue ÷ average employees.
- Profit per employee
- −£4.7k
- 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.
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
- ▲50%
- Now 3
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Ludgate Limitedultimate parent75–100%
- Ukbrokers Holdings Limited75–100%
- Pihl Holdings Limited75–100%
- Pihl Acquisition Limited75–100%
- Prestige Insurance Holdings Limited75–100%
- Prestige Underwriting Services Limited75–100%
- Independent Engineers (Ni) Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- Octane London Market LimitedFigures not disclosed
- Octane Underwriting LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit −£14k), from the Companies House accounts bulk data published Sep 2025. Spotted an error? Request a correction.
Updated from Companies House on 22 Oct 2026