iris payroll solutions limited
iris payroll solutions limited Company Information
Company Number
01865495
Next Accounts
Jan 2026
Shareholders
iris capital limited
Group Structure
View All
Industry
Computer consultancy activities
+1Registered Address
heathrow approach 4th floor, 470 london road, slough, SL3 8QY
Website
www.iris.co.ukiris payroll solutions limited Estimated Valuation
Pomanda estimates the enterprise value of IRIS PAYROLL SOLUTIONS LIMITED at £3.2m based on a Turnover of £2.8m and 1.14x industry multiple (adjusted for size and gross margin).
iris payroll solutions limited Estimated Valuation
Pomanda estimates the enterprise value of IRIS PAYROLL SOLUTIONS LIMITED at £10.7m based on an EBITDA of £1.3m and a 7.92x industry multiple (adjusted for size and gross margin).
iris payroll solutions limited Estimated Valuation
Pomanda estimates the enterprise value of IRIS PAYROLL SOLUTIONS LIMITED at £126.7m based on Net Assets of £55.9m and 2.27x industry multiple (adjusted for liquidity).
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Iris Payroll Solutions Limited Overview
Iris Payroll Solutions Limited is a live company located in slough, SL3 8QY with a Companies House number of 01865495. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in November 1984, it's largest shareholder is iris capital limited with a 100% stake. Iris Payroll Solutions Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.8m with declining growth in recent years.
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Iris Payroll Solutions Limited Health Check
Pomanda's financial health check has awarded Iris Payroll Solutions Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
3 Weak
Size
annual sales of £2.8m, make it smaller than the average company (£4.3m)
£2.8m - Iris Payroll Solutions Limited
£4.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -28%, show it is growing at a slower rate (9.6%)
-28% - Iris Payroll Solutions Limited
9.6% - Industry AVG
Production
with a gross margin of 97.8%, this company has a lower cost of product (47.9%)
97.8% - Iris Payroll Solutions Limited
47.9% - Industry AVG
Profitability
an operating margin of 48.2% make it more profitable than the average company (4.9%)
48.2% - Iris Payroll Solutions Limited
4.9% - Industry AVG
Employees
with 2 employees, this is below the industry average (26)
2 - Iris Payroll Solutions Limited
26 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Iris Payroll Solutions Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £1.4m, this is more efficient (£153.3k)
£1.4m - Iris Payroll Solutions Limited
£153.3k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is earlier than average (55 days)
17 days - Iris Payroll Solutions Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 1985 days, this is slower than average (31 days)
1985 days - Iris Payroll Solutions Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Iris Payroll Solutions Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Iris Payroll Solutions Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9.5%, this is a lower level of debt than the average (59.7%)
9.5% - Iris Payroll Solutions Limited
59.7% - Industry AVG
IRIS PAYROLL SOLUTIONS LIMITED financials
Iris Payroll Solutions Limited's latest turnover from April 2024 is £2.8 million and the company has net assets of £55.9 million. According to their latest financial statements, Iris Payroll Solutions Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,761,960 | 4,297,721 | 5,531,658 | 7,311,833 | 7,396,013 | 7,247,944 | 7,024,062 | 6,670,556 | 6,306,403 | 5,862,098 | 5,467,304 | 4,276,779 | 3,682,952 | 3,733,071 | 3,530,074 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 61,717 | 97,753 | 106,743 | 90,560 | 150,617 | 187,927 | 224,030 | 251,456 | 424,281 | 550,324 | 633,147 | 504,686 | 345,133 | 353,655 | 445,526 |
| Gross Profit | 2,700,243 | 4,199,968 | 5,424,915 | 7,221,273 | 7,245,396 | 7,060,017 | 6,800,032 | 6,419,100 | 5,882,122 | 5,311,774 | 4,834,157 | 3,772,093 | 3,337,819 | 3,379,416 | 3,084,548 |
| Admin Expenses | 1,369,517 | 1,073,432 | 1,419,686 | 1,197,220 | 3,955,597 | 4,262,465 | 4,277,861 | 4,000,120 | 3,044,085 | 3,002,906 | 3,127,347 | 2,923,416 | 2,174,027 | 2,427,341 | 1,965,311 |
| Operating Profit | 1,330,726 | 3,126,536 | 4,005,229 | 6,024,053 | 3,289,799 | 2,797,552 | 2,522,171 | 2,418,980 | 2,838,037 | 2,308,868 | 1,706,810 | 848,677 | 1,163,792 | 952,075 | 1,119,237 |
| Interest Payable | 229,835 | 201,149 | 27,265 | 1,248,949 | 984,802 | 896,095 | 834,193 | 728,292 | 497,044 | 414,800 | 295,320 | 222,006 | 219,779 | 132,218 | |
| Interest Receivable | 2,886,367 | 3,765,907 | 2,818,896 | 3,489,762 | 3,257,628 | 2,720,368 | 2,283,341 | 1,796,636 | 1,176,728 | 1,232,215 | 905,558 | 667,098 | 284,824 | ||
| Pre-Tax Profit | 3,987,258 | 6,691,294 | 6,796,860 | 8,264,866 | 5,562,625 | 4,621,825 | 3,971,319 | 3,487,324 | 3,517,721 | 3,126,283 | 2,317,048 | 1,293,769 | 1,228,837 | 819,857 | 1,119,237 |
| Tax | -2,563 | 3,579 | -2,369 | 13,704 | -21,672 | -1,638 | -2,503 | 25,813 | |||||||
| Profit After Tax | 3,984,695 | 6,691,294 | 6,800,439 | 8,262,497 | 5,576,329 | 4,621,825 | 3,949,647 | 3,485,686 | 3,515,218 | 3,152,096 | 2,317,048 | 1,293,769 | 1,228,837 | 819,857 | 1,119,237 |
| Dividends Paid | 1,000,000 | ||||||||||||||
| Retained Profit | 3,984,695 | 6,691,294 | 6,800,439 | 8,262,497 | 5,576,329 | 4,621,825 | 3,949,647 | 3,485,686 | 3,515,218 | 3,152,096 | 2,317,048 | 1,293,769 | 1,228,837 | 819,857 | 119,237 |
| Employee Costs | 2,200,067 | 2,003,177 | 1,895,879 | 1,834,320 | 1,334,486 | 1,293,898 | 1,525,693 | ||||||||
| Number Of Employees | 2 | 4 | 2 | 2 | 2 | 62 | 53 | 45 | 46 | 42 | 43 | ||||
| EBITDA* | 1,345,981 | 3,190,516 | 4,005,229 | 6,024,053 | 3,289,799 | 2,797,552 | 2,522,171 | 2,462,359 | 2,879,016 | 2,329,735 | 1,732,213 | 874,080 | 1,194,176 | 986,184 | 1,152,584 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 12,351 | 14,914 | 239,760 | 340,554 | 38,819 | 43,459 | 74,935 | 88,616 | 26,290 | 39,094 | 40,856 | 38,529 | 62,170 | ||
| Intangible Assets | 168,216 | ||||||||||||||
| Investments & Other | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | ||||||||
| Debtors (Due After 1 year) | 12,351 | 14,914 | 14,914 | 11,335 | 13,704 | 22,005,072 | 16,706,476 | 11,592,455 | 7,226,499 | 6,367,717 | 4,212,975 | ||||
| Total Fixed Assets | 12,351 | 183,130 | 239,760 | 340,554 | 13,704 | 38,819 | 43,459 | 76,935 | 22,095,688 | 16,734,766 | 11,633,549 | 7,269,355 | 6,408,246 | 4,277,145 | |
| Stock & work in progress | 10,440 | 5,437 | 20,666 | 15,505 | 23,041 | 16,806 | 34,188 | 24,307 | 51,165 | 29,613 | 73,809 | 89,806 | 43,442 | 22,973 | |
| Trade Debtors | 129,260 | 585,687 | 614,784 | 977,015 | 567,978 | 780,467 | 803,706 | 770,209 | 647,840 | 818,811 | 846,931 | 979,729 | 612,159 | 512,648 | 403,608 |
| Group Debtors | 61,608,483 | 56,935,886 | 47,450,265 | 58,249,504 | 54,884,068 | 45,498,707 | 39,390,204 | 33,676,337 | 28,104,319 | ||||||
| Misc Debtors | 4,800 | 7,080 | 112,773 | 72,090 | 24,000 | 159,190 | 70,477 | 50,988 | 13,345 | 21,483 | 33,850 | 68,309 | 96,334 | ||
| Cash | 31,465 | 4,563 | 4,477 | 2,532 | 10,223 | 17,053 | 16,375 | 11,319 | 34 | 255 | 9,839 | 53,437 | 41,133 | ||
| misc current assets | |||||||||||||||
| total current assets | 61,737,743 | 57,532,013 | 48,106,751 | 59,258,828 | 55,584,801 | 46,376,837 | 40,244,939 | 34,656,977 | 28,863,318 | 932,283 | 889,923 | 1,075,276 | 745,654 | 677,836 | 564,048 |
| total assets | 61,750,094 | 57,715,143 | 48,346,511 | 59,599,382 | 55,598,505 | 46,415,656 | 40,244,939 | 34,700,436 | 28,940,253 | 23,027,971 | 17,624,689 | 12,708,825 | 8,015,009 | 7,086,082 | 4,841,193 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 335,721 | 315,302 | 431,446 | 212,944 | 6,365 | 37,553 | 22,851 | 33,587 | 28,776 | 43,265 | 21,043 | 173,629 | 56,918 | 77,572 | 61,837 |
| Group/Directors Accounts | 22,750,985 | 18,824,507 | 17,318,077 | 15,635,493 | 13,589,288 | ||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 2,259,168 | 2,423,972 | 38,151 | ||||||||||||
| other current liabilities | 5,532,110 | 5,367,114 | 449,623 | 18,556,631 | 2,697,817 | 2,948,436 | 2,958,827 | 2,965,031 | 2,740,574 | 3,003,165 | 2,809,488 | 2,036,854 | 1,610,230 | 1,606,332 | 1,496,857 |
| total current liabilities | 5,867,831 | 5,682,416 | 3,140,237 | 21,193,547 | 25,455,167 | 21,848,647 | 20,299,755 | 18,634,111 | 16,358,638 | 3,046,430 | 2,830,531 | 2,210,483 | 1,667,148 | 1,683,904 | 1,558,694 |
| loans | 270,318 | 10,926,844 | 8,903,191 | 6,935,979 | 4,090,823 | 4,385,530 | 3,093,837 | ||||||||
| hp & lease commitments | 135,159 | ||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 70,788 | 71,764 | 60,064 | 48,430 | 36,874 | 25,318 | 13,764 | 5,635 | |||||||
| total long term liabilities | 135,159 | 70,788 | 71,764 | 10,986,908 | 8,951,621 | 6,972,853 | 4,116,141 | 4,399,294 | 3,099,472 | ||||||
| total liabilities | 5,867,831 | 5,817,575 | 3,140,237 | 21,193,547 | 25,455,167 | 21,848,647 | 20,299,755 | 18,704,899 | 16,430,402 | 14,033,338 | 11,782,152 | 9,183,336 | 5,783,289 | 6,083,198 | 4,658,166 |
| net assets | 55,882,263 | 51,897,568 | 45,206,274 | 38,405,835 | 30,143,338 | 24,567,009 | 19,945,184 | 15,995,537 | 12,509,851 | 8,994,633 | 5,842,537 | 3,525,489 | 2,231,720 | 1,002,884 | 183,027 |
| total shareholders funds | 55,882,263 | 51,897,568 | 45,206,274 | 38,405,835 | 30,143,338 | 24,567,009 | 19,945,184 | 15,995,537 | 12,509,851 | 8,994,633 | 5,842,537 | 3,525,489 | 2,231,720 | 1,002,884 | 183,027 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 1,330,726 | 3,126,536 | 4,005,229 | 6,024,053 | 3,289,799 | 2,797,552 | 2,522,171 | 2,418,980 | 2,838,037 | 2,308,868 | 1,706,810 | 848,677 | 1,163,792 | 952,075 | 1,119,237 |
| Depreciation | 15,255 | 63,980 | 43,379 | 40,979 | 20,867 | 25,403 | 25,403 | 30,384 | 34,109 | 33,347 | |||||
| Amortisation | |||||||||||||||
| Tax | -2,563 | 3,579 | -2,369 | 13,704 | -21,672 | -1,638 | -2,503 | 25,813 | |||||||
| Stock | -10,440 | 5,003 | -15,229 | 5,161 | -7,536 | 6,235 | -17,382 | 9,881 | -26,858 | 21,552 | -44,196 | -15,997 | 46,364 | 20,469 | 22,973 |
| Debtors | 4,213,607 | 9,451,724 | -11,160,171 | 3,666,411 | 9,227,259 | 6,133,354 | 5,612,174 | 5,783,100 | 5,947,765 | 5,308,119 | 4,973,085 | 4,721,159 | 923,834 | 2,235,757 | 4,712,917 |
| Creditors | 20,419 | -116,144 | 218,502 | 206,579 | -31,188 | 14,702 | -10,736 | 4,811 | -14,489 | 22,222 | -152,586 | 116,711 | -20,654 | 15,735 | 61,837 |
| Accruals and Deferred Income | 164,996 | 4,917,491 | -18,107,008 | 15,858,814 | -250,619 | -10,391 | -6,204 | 224,457 | -262,591 | 193,677 | 772,634 | 426,624 | 3,898 | 109,475 | 1,496,857 |
| Deferred Taxes & Provisions | -70,788 | -976 | 11,700 | 11,634 | 11,556 | 11,556 | 11,554 | 8,129 | 5,635 | ||||||
| Cash flow from operations | -2,674,334 | -1,464,864 | -2,704,298 | 18,415,505 | -6,198,027 | -3,337,726 | -3,182,021 | -3,103,968 | -3,309,774 | -2,746,590 | -2,565,072 | -3,276,191 | 218,776 | -1,136,703 | -2,018,977 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -2,000 | 2,000 | |||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -22,750,985 | 3,926,478 | 1,506,430 | 1,682,584 | 2,046,205 | 13,589,288 | |||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -270,318 | 270,318 | -10,926,844 | 2,023,653 | 1,967,212 | 2,845,156 | -294,707 | 1,291,693 | 3,093,837 | ||||||
| Hire Purchase and Lease Commitments | -135,159 | -2,124,009 | -164,804 | 2,423,972 | -38,151 | 38,151 | |||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 2,656,532 | 3,564,758 | 2,791,631 | 2,240,813 | 2,272,826 | 1,824,273 | 1,449,148 | 1,068,344 | 679,684 | 817,415 | 610,238 | 445,092 | 65,045 | -132,218 | |
| cash flow from financing | 2,251,055 | 1,711,067 | 2,626,827 | -18,086,200 | 6,161,153 | 3,368,854 | 3,131,732 | 3,114,549 | 3,342,128 | 2,841,068 | 2,577,450 | 3,290,248 | -229,663 | 1,159,475 | 3,157,627 |
| cash and cash equivalents | |||||||||||||||
| cash | -31,465 | 26,902 | 86 | 1,945 | -7,691 | -6,830 | 678 | 5,056 | 11,285 | -221 | -9,584 | -43,598 | 12,304 | 41,133 | |
| overdraft | |||||||||||||||
| change in cash | -31,465 | 26,902 | 86 | 1,945 | -7,691 | -6,830 | 678 | 5,056 | 11,285 | -221 | -9,584 | -43,598 | 12,304 | 41,133 |
iris payroll solutions limited Credit Report and Business Information
Iris Payroll Solutions Limited Competitor Analysis
Perform a competitor analysis for iris payroll solutions limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in SL3 area or any other competitors across 12 key performance metrics.
iris payroll solutions limited Ownership
IRIS PAYROLL SOLUTIONS LIMITED group structure
Iris Payroll Solutions Limited has no subsidiary companies.
Ultimate parent company
LUXTOPCO 1 SARL
#0150700
2 parents
IRIS PAYROLL SOLUTIONS LIMITED
01865495
iris payroll solutions limited directors
Iris Payroll Solutions Limited currently has 3 directors. The longest serving directors include Mr Martin Leuw (May 2006) and Mr Michael Cox (Feb 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Leuw | United Kingdom | 62 years | May 2006 | - | Director |
| Mr Michael Cox | United Kingdom | 42 years | Feb 2019 | - | Director |
| Mr David Lockie | United Kingdom | 51 years | Nov 2020 | - | Director |
P&L
April 2024turnover
2.8m
-36%
operating profit
1.3m
-57%
gross margin
97.8%
+0.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
55.9m
+0.08%
total assets
61.8m
+0.07%
cash
0
0%
net assets
Total assets minus all liabilities
iris payroll solutions limited company details
company number
01865495
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
62090 - Other information technology and computer service activities
incorporation date
November 1984
age
41
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
April 2024
previous names
intex software limited (June 2008)
accountant
-
auditor
-
address
heathrow approach 4th floor, 470 london road, slough, SL3 8QY
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
iris payroll solutions limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 9 charges/mortgages relating to iris payroll solutions limited. Currently there are 1 open charges and 8 have been satisfied in the past.
iris payroll solutions limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for IRIS PAYROLL SOLUTIONS LIMITED. This can take several minutes, an email will notify you when this has completed.
iris payroll solutions limited Companies House Filings - See Documents
| date | description | view/download |
|---|
