iress fs limited
iress fs limited Company Information
Company Number
02958430
Next Accounts
Sep 2025
Shareholders
iress uk holdings limited
Group Structure
View All
Industry
Other software publishing
Registered Address
honeybourne place jessop avenue, cheltenham, england, GL50 3SH
Website
-iress fs limited Estimated Valuation
Pomanda estimates the enterprise value of IRESS FS LIMITED at £150.6m based on a Turnover of £62.1m and 2.42x industry multiple (adjusted for size and gross margin).
iress fs limited Estimated Valuation
Pomanda estimates the enterprise value of IRESS FS LIMITED at £22.6m based on an EBITDA of £2.6m and a 8.85x industry multiple (adjusted for size and gross margin).
iress fs limited Estimated Valuation
Pomanda estimates the enterprise value of IRESS FS LIMITED at £75.6m based on Net Assets of £33.9m and 2.23x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Iress Fs Limited Overview
Iress Fs Limited is a live company located in england, GL50 3SH with a Companies House number of 02958430. It operates in the other software publishing sector, SIC Code 58290. Founded in August 1994, it's largest shareholder is iress uk holdings limited with a 100% stake. Iress Fs Limited is a mature, large sized company, Pomanda has estimated its turnover at £62.1m with low growth in recent years.
Upgrade for unlimited company reports & a free credit check
Iress Fs Limited Health Check
Pomanda's financial health check has awarded Iress Fs Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
7 Weak
Size
annual sales of £62.1m, make it larger than the average company (£5.7m)
£62.1m - Iress Fs Limited
£5.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (7.8%)
3% - Iress Fs Limited
7.8% - Industry AVG
Production
with a gross margin of 47.3%, this company has a higher cost of product (74.6%)
47.3% - Iress Fs Limited
74.6% - Industry AVG
Profitability
an operating margin of -0.2% make it less profitable than the average company (3.5%)
-0.2% - Iress Fs Limited
3.5% - Industry AVG
Employees
with 640 employees, this is above the industry average (43)
640 - Iress Fs Limited
43 - Industry AVG
Pay Structure
on an average salary of £85.1k, the company has an equivalent pay structure (£85.1k)
- Iress Fs Limited
£85.1k - Industry AVG
Efficiency
resulting in sales per employee of £97.1k, this is less efficient (£158.1k)
£97.1k - Iress Fs Limited
£158.1k - Industry AVG
Debtor Days
it gets paid by customers after 280 days, this is later than average (60 days)
280 days - Iress Fs Limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 713 days, this is slower than average (36 days)
713 days - Iress Fs Limited
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Iress Fs Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - Iress Fs Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 71.4%, this is a higher level of debt than the average (60%)
71.4% - Iress Fs Limited
60% - Industry AVG
IRESS FS LIMITED financials
Iress Fs Limited's latest turnover from December 2023 is £62.1 million and the company has net assets of £33.9 million. According to their latest financial statements, Iress Fs Limited has 640 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 62,130,000 | 61,852,000 | 60,884,000 | 57,360,000 | 59,020,000 | 27,482,000 | 25,493,000 | 20,394,000 | 18,447,000 | 19,830,000 | 15,266,000 | 18,633,000 | 17,650,000 | 17,024,000 | 17,580,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | -155,000 | 7,927,000 | 10,707,000 | 15,674,000 | 15,929,000 | 8,811,000 | 1,206,000 | -20,744,000 | -2,492,000 | -204,000 | -2,026,000 | 8,692,000 | 4,936,000 | 5,558,000 | 7,087,000 |
| Interest Payable | 227,000 | 341,000 | 571,000 | 652,000 | 646,000 | 720,000 | 699,000 | 404,000 | 624,000 | ||||||
| Interest Receivable | 71,000 | 86,000 | 462,000 | 596,000 | 374,000 | 1,000 | 8,000 | 9,000 | 1,000 | 19,000 | 15,000 | 16,000 | |||
| Pre-Tax Profit | -311,000 | 7,672,000 | 10,598,000 | 59,918,000 | 16,303,000 | 8,812,000 | 560,000 | -21,457,000 | -3,191,000 | -608,000 | 1,617,000 | 8,693,000 | 4,955,000 | 5,573,000 | 7,103,000 |
| Tax | 2,152,000 | -3,911,000 | -4,040,000 | -219,000 | 38,000 | 433,000 | 187,000 | 28,000 | -97,000 | 22,000 | 363,000 | -11,000 | 105,000 | -29,000 | -1,530,000 |
| Profit After Tax | 1,841,000 | 3,761,000 | 6,558,000 | 59,699,000 | 16,341,000 | 9,245,000 | 747,000 | -21,429,000 | -3,288,000 | -586,000 | 1,980,000 | 8,682,000 | 5,060,000 | 5,544,000 | 5,573,000 |
| Dividends Paid | 7,533,000 | 25,193,000 | 37,242,000 | 13,960,000 | 10,300,000 | 3,031,000 | 10,791,000 | ||||||||
| Retained Profit | -5,692,000 | -21,432,000 | -30,684,000 | 45,739,000 | 16,341,000 | 9,245,000 | 747,000 | -21,429,000 | -13,588,000 | -586,000 | -1,051,000 | 8,682,000 | 5,060,000 | 5,544,000 | -5,218,000 |
| Employee Costs | 34,049,000 | 37,501,000 | 36,219,000 | 49,271,000 | 16,934,000 | 36,018,000 | 21,281,000 | 10,354,000 | 7,643,000 | 4,917,000 | 8,167,000 | 8,139,000 | 8,182,000 | ||
| Number Of Employees | 640 | 684 | 709 | 701 | 683 | 297 | 297 | 482 | 402 | 211 | 199 | 84 | 162 | 159 | 169 |
| EBITDA* | 2,554,000 | 11,454,000 | 12,961,000 | 17,540,000 | 15,929,000 | 16,748,000 | 7,677,000 | -19,561,000 | -1,832,000 | 202,000 | -87,000 | 9,896,000 | 5,765,000 | 5,940,000 | 7,302,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,063,000 | 3,299,000 | 74,130,000 | 79,036,000 | 57,936,000 | 2,342,000 | 2,035,000 | 2,334,000 | 1,224,000 | 999,000 | 834,000 | 77,000 | 3,048,000 | 3,148,000 | 2,394,000 |
| Intangible Assets | 10,980,000 | 13,015,000 | 1,465,000 | 849,000 | 805,000 | 904,000 | 1,156,000 | 680,000 | 118,000 | 8,000 | 1,769,000 | ||||
| Investments & Other | 53,336,000 | 53,407,000 | 51,441,000 | 51,441,000 | 48,010,000 | 49,870,000 | 80,142,000 | 79,956,000 | 79,677,000 | 10,181,000 | 10,181,000 | 10,181,000 | 1,000 | ||
| Debtors (Due After 1 year) | 1,778,000 | 1,690,000 | 1,877,000 | 506,000 | 506,000 | ||||||||||
| Total Fixed Assets | 66,379,000 | 69,721,000 | 73,817,000 | 78,195,000 | 56,864,000 | 53,116,000 | 83,333,000 | 82,970,000 | 81,019,000 | 11,188,000 | 11,015,000 | 12,533,000 | 3,554,000 | 3,148,000 | 2,395,000 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 47,823,000 | 32,526,000 | 3,198,000 | 2,308,000 | 13,552,000 | 5,632,000 | 887,000 | 914,000 | 673,000 | 838,000 | 1,138,000 | 1,565,000 | 1,086,000 | 496,000 | 1,393,000 |
| Group Debtors | 138,863,000 | 142,306,000 | 76,676,000 | 41,201,000 | 34,020,000 | 1,100,000 | 16,825,000 | 21,529,000 | 18,379,000 | 26,705,000 | 13,462,000 | 9,248,000 | 5,518,000 | ||
| Misc Debtors | 2,750,000 | 4,302,000 | 4,605,000 | 5,550,000 | 6,714,000 | 5,062,000 | 5,368,000 | 2,099,000 | 5,577,000 | 2,050,000 | 731,000 | 485,000 | 1,370,000 | 1,064,000 | |
| Cash | 1,318,000 | 2,642,000 | 3,568,000 | 4,554,000 | 1,752,000 | 1,523,000 | 774,000 | 744,000 | 1,000,000 | 6,195,000 | 496,000 | 533,000 | 4,165,000 | 3,883,000 | 4,547,000 |
| misc current assets | 331,000 | 976,000 | 573,000 | 153,000 | 110,000 | ||||||||||
| total current assets | 52,222,000 | 40,446,000 | 150,286,000 | 156,188,000 | 93,044,000 | 55,643,000 | 40,896,000 | 8,236,000 | 20,597,000 | 34,139,000 | 22,063,000 | 29,534,000 | 19,198,000 | 14,997,000 | 12,522,000 |
| total assets | 118,601,000 | 110,167,000 | 224,103,000 | 234,383,000 | 149,908,000 | 108,759,000 | 124,229,000 | 91,206,000 | 101,616,000 | 45,327,000 | 33,078,000 | 42,067,000 | 22,752,000 | 18,145,000 | 14,917,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 64,092,000 | 43,426,000 | 1,598,000 | 1,229,000 | 458,000 | 893,000 | 1,063,000 | 1,995,000 | 1,799,000 | 995,000 | 2,960,000 | 303,000 | 93,000 | 10,000 | 129,000 |
| Group/Directors Accounts | 93,501,000 | 69,404,000 | 126,275,000 | 95,441,000 | 83,633,000 | 14,920,000 | 339,000 | 749,000 | 3,441,000 | ||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 1,482,000 | 2,112,000 | 2,170,000 | 1,842,000 | 1,037,000 | ||||||||||
| other current liabilities | 11,011,000 | 13,392,000 | 143,961,000 | 122,084,000 | 4,993,000 | 8,274,000 | 4,876,000 | 2,502,000 | 1,987,000 | 3,127,000 | 3,247,000 | 3,155,000 | 2,571,000 | 2,700,000 | 2,205,000 |
| total current liabilities | 76,585,000 | 58,930,000 | 147,729,000 | 125,155,000 | 99,989,000 | 78,571,000 | 132,214,000 | 99,938,000 | 87,419,000 | 19,042,000 | 6,207,000 | 3,458,000 | 3,003,000 | 3,459,000 | 5,775,000 |
| loans | 30,764,000 | 35,104,000 | 7,964,000 | 10,181,000 | |||||||||||
| hp & lease commitments | 8,148,000 | 11,677,000 | 15,382,000 | 17,552,000 | 3,982,000 | ||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 3,000 | ||||||||||||||
| provisions | 1,500,000 | ||||||||||||||
| total long term liabilities | 8,148,000 | 11,677,000 | 15,382,000 | 17,552,000 | 3,982,000 | 1,500,000 | 10,181,000 | 3,000 | |||||||
| total liabilities | 84,733,000 | 70,607,000 | 163,111,000 | 142,707,000 | 103,971,000 | 78,571,000 | 132,214,000 | 99,938,000 | 88,919,000 | 19,042,000 | 6,207,000 | 13,639,000 | 3,006,000 | 3,459,000 | 5,775,000 |
| net assets | 33,868,000 | 39,560,000 | 60,992,000 | 91,676,000 | 45,937,000 | 30,188,000 | -7,985,000 | -8,732,000 | 12,697,000 | 26,285,000 | 26,871,000 | 28,428,000 | 19,746,000 | 14,686,000 | 9,142,000 |
| total shareholders funds | 33,868,000 | 39,560,000 | 60,992,000 | 91,676,000 | 45,937,000 | 30,188,000 | -7,985,000 | -8,732,000 | 12,697,000 | 26,285,000 | 26,871,000 | 28,428,000 | 19,746,000 | 14,686,000 | 9,142,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -155,000 | 7,927,000 | 10,707,000 | 15,674,000 | 15,929,000 | 8,811,000 | 1,206,000 | -20,744,000 | -2,492,000 | -204,000 | -2,026,000 | 8,692,000 | 4,936,000 | 5,558,000 | 7,087,000 |
| Depreciation | 1,275,000 | 1,592,000 | 1,913,000 | 1,517,000 | 4,001,000 | 2,807,000 | 1,180,000 | 634,000 | 404,000 | 170,000 | 783,000 | 829,000 | 382,000 | 215,000 | |
| Amortisation | 1,434,000 | 1,935,000 | 341,000 | 349,000 | 3,936,000 | 3,664,000 | 3,000 | 26,000 | 2,000 | 1,769,000 | 421,000 | ||||
| Tax | 2,152,000 | -3,911,000 | -4,040,000 | -219,000 | 38,000 | 433,000 | 187,000 | 28,000 | -97,000 | 22,000 | 363,000 | -11,000 | 105,000 | -29,000 | -1,530,000 |
| Stock | |||||||||||||||
| Debtors | 13,745,000 | -111,616,000 | -3,410,000 | 59,749,000 | 38,558,000 | 13,578,000 | 32,587,000 | -12,215,000 | -8,347,000 | 6,377,000 | 6,028,000 | 13,968,000 | 4,425,000 | 3,139,000 | 7,975,000 |
| Creditors | 20,666,000 | 41,828,000 | 369,000 | 771,000 | -435,000 | -170,000 | -932,000 | 196,000 | 804,000 | -1,965,000 | 2,867,000 | 210,000 | 83,000 | -119,000 | 129,000 |
| Accruals and Deferred Income | -2,381,000 | -130,569,000 | 21,877,000 | 117,091,000 | -3,281,000 | 3,398,000 | 2,374,000 | 515,000 | -1,140,000 | -120,000 | 676,000 | 584,000 | -129,000 | 495,000 | 2,205,000 |
| Deferred Taxes & Provisions | -1,500,000 | 1,500,000 | |||||||||||||
| Cash flow from operations | 9,246,000 | 30,418,000 | 34,577,000 | 75,434,000 | -26,307,000 | 6,831,000 | -23,281,000 | -8,107,000 | 7,582,000 | -8,238,000 | -2,209,000 | -3,289,000 | 1,399,000 | 3,148,000 | 131,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -71,000 | 1,966,000 | 3,431,000 | -1,860,000 | -30,272,000 | 186,000 | 279,000 | 69,496,000 | 10,181,000 | 10,181,000 | -1,000 | 1,000 | |||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -93,501,000 | 24,097,000 | -56,871,000 | 30,834,000 | 11,808,000 | 68,713,000 | 14,920,000 | -339,000 | -339,000 | -410,000 | -2,692,000 | 3,441,000 | |||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -30,764,000 | -4,340,000 | 27,140,000 | 7,964,000 | 10,181,000 | ||||||||||
| Hire Purchase and Lease Commitments | -4,159,000 | -3,763,000 | -1,842,000 | 14,375,000 | 5,019,000 | ||||||||||
| other long term liabilities | -3,000 | -3,000 | 3,000 | ||||||||||||
| share issue | |||||||||||||||
| interest | -156,000 | -255,000 | -109,000 | -56,000 | 374,000 | 1,000 | -646,000 | -712,000 | -690,000 | -404,000 | -624,000 | 1,000 | 19,000 | 15,000 | 16,000 |
| cash flow from financing | -4,315,000 | -34,782,000 | -6,291,000 | -52,042,000 | 36,862,000 | -27,942,000 | 30,188,000 | 11,096,000 | 68,023,000 | 14,516,000 | 7,210,000 | 9,840,000 | -388,000 | -2,677,000 | 17,817,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -1,324,000 | -926,000 | -986,000 | 2,802,000 | 229,000 | 749,000 | 30,000 | -256,000 | -5,195,000 | 5,699,000 | -3,669,000 | -3,632,000 | 282,000 | -664,000 | 4,547,000 |
| overdraft | |||||||||||||||
| change in cash | -1,324,000 | -926,000 | -986,000 | 2,802,000 | 229,000 | 749,000 | 30,000 | -256,000 | -5,195,000 | 5,699,000 | -3,669,000 | -3,632,000 | 282,000 | -664,000 | 4,547,000 |
iress fs limited Credit Report and Business Information
Iress Fs Limited Competitor Analysis
Perform a competitor analysis for iress fs limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in GL50 area or any other competitors across 12 key performance metrics.
iress fs limited Ownership
IRESS FS LIMITED group structure
Iress Fs Limited has 9 subsidiary companies.
Ultimate parent company
IRESS LTD
#0080860
2 parents
IRESS FS LIMITED
02958430
9 subsidiaries
iress fs limited directors
Iress Fs Limited currently has 5 directors. The longest serving directors include Mr Michael Cons (Nov 1996) and Mrs Rebecca Kelly (Apr 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Cons | England | 58 years | Nov 1996 | - | Director |
| Mrs Rebecca Kelly | England | 47 years | Apr 2019 | - | Director |
| Mr Alistair Morgan | England | 43 years | Jun 2019 | - | Director |
| Mrs Rosalind Cooke | England | 44 years | Feb 2025 | - | Director |
| Mr Neil Kerr | England | 55 years | Feb 2025 | - | Director |
P&L
December 2023turnover
62.1m
0%
operating profit
-155k
-102%
gross margin
47.3%
-1.38%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
33.9m
-0.14%
total assets
118.6m
+0.08%
cash
1.3m
-0.5%
net assets
Total assets minus all liabilities
Similar Companies
iress fs limited company details
company number
02958430
Type
Private limited with Share Capital
industry
58290 - Other software publishing
incorporation date
August 1994
age
31
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2023
previous names
avelo fs limited (October 2013)
independent specialist technology (uk) limited (April 2011)
accountant
ERNST & YOUNG LLP
auditor
-
address
honeybourne place jessop avenue, cheltenham, england, GL50 3SH
Bank
ROYAL BANK OF SCOTLAND(IOM)LTD
Legal Advisor
-
iress fs 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 7 charges/mortgages relating to iress fs limited. Currently there are 0 open charges and 7 have been satisfied in the past.
iress fs 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 IRESS FS LIMITED. This can take several minutes, an email will notify you when this has completed.
iress fs limited Companies House Filings - See Documents
| date | description | view/download |
|---|
