INDUSTRIAL PHYSICS PRODUCT INTEGRITY LIMITED
Company number 02591191 · Monitor this company
Executive summary
Industrial Physics Product Integrity Limited has undergone a transformative acquisition in 2024, expanding total assets from £8.2M to £46.5M while growing revenue more modestly to £9.1M. The company benefits from a 33-year trading history, institutional ownership via KKR, and full audited accounts under FRS 101. However, critically low cash reserves (£158k against £19M liabilities) and the unknown quality of the expanded asset base—likely dominated by acquisition-related goodwill—present meaningful solvency and liquidity risks that require further investigation before any investment commitment.
Shareholders' funds
£26,487,544
Balance sheet as at 2024-12-31
What it does
The principal activity of the company is the manufacture of oxygen analysis equipment.
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 1991-03-13
- Employees
- 54 (2024 accounts · was 42 in 2023)
- Registered office
- Site 4 Nedge Hill Campus, Telford, Shropshire, England, TF3 3AJ
- Postcode
- TF3 3AJ
- Capital
- 22 GBP
- Accounts category
- Full
- Charges
- 1 outstanding
Accounts
- Last made up to
- 2024-12-31
- Next due by
- 2026-09-30
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2026-03-17
- Next due by
- 2027-03-31
Nature of business (SIC)
- 74909 Other professional, scientific and technical activities not elsewhere classified
Officers 2 current · 16 resigned
Group structure 1 subsidiary
Controlled by SUSSEX PET STORES LIMITED — since 2023-07-19
From persons-with-significant-control filings on the public register.
Contact details
Previous company names
| Name | Date changed |
|---|---|
| SYSTECH INSTRUMENTS LIMITED | 2020-05-15 |
| MADDERLAKE SCIENTIFIC LIMITED | 2002-03-21 |
| MADDERLAKE ENTERPRISES LIMITED | 1994-01-28 |
Previous registered addresses 4
| Address | Changed on |
|---|---|
| 17 THAME PARK BUSINESS CENTRE, WENHAM ROAD, THAME, OXFORDSHIRE, OX9 3XA | 2012-03-26 |
| GOODSONS INDUSTRIAL MEWS, WELLINGTON STREET, THAME, OXFORDSHIRE OX9 3BX | 1997-08-08 |
| 30 ST GILES, OXFORD., OX1 3LE | 1993-07-20 |
| 110 WHITCHURCH ROAD, CARDIFF, CS4 3LY | 1991-06-25 |
Among its peers
Top 5%
by shareholders' funds, of 97 similar companies in TF
2nd largest employer among its local peers (54 staff).
3rd oldest of its local peers, trading since 1991.
Competitors Telford
This company ranks 1 among other professional, scientific and technical activities not elsewhere classified in Telford.
The class of 1991
41%
of the 251 companies in this sector incorporated in 1991 are still active today; 57% have since been dissolved.
A fact about the year, not a forecast for this company.
Property in England & Wales 1 title
- Leasehold
- 1
- Most recent registration
- 2023-03-03
- Where
- Oxfordshire
| Title number | County | Tenure | Registered | Price paid |
|---|---|---|---|---|
| ON379394 | Oxfordshire | Leasehold | 2023-03-03 | — |
For addresses and the authoritative register entry, use HM Land Registry's official search (£3 per title).
Information produced by HM Land Registry. © Crown copyright 2026. Dataset as at 2026-08.