Infrared Integrated Systems Limited

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infrared integrated systems limited Company Information

Company Number

03186364

Next Accounts

Sep 2025

Directors

Herman Warnshuis

Paul Feenstra

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Shareholders

tga industries ltd

Group Structure

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Industry

Other research and experimental development on natural sciences and engineering

Registered Address

capitol building oldbury, bracknell, RG12 8FZ

Website

http://irisys.co.uk

infrared integrated systems limited Estimated Valuation

£6.5m

Pomanda estimates the enterprise value of INFRARED INTEGRATED SYSTEMS LIMITED at £6.5m based on Net Assets of £3.3m and 1.93x industry multiple (adjusted for liquidity).

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Infrared Integrated Systems Limited is a live company located in bracknell, RG12 8FZ with a Companies House number of 03186364. It operates in the other research and experimental development on natural sciences and engineering sector, SIC Code 72190. Founded in April 1996, it's largest shareholder is tga industries ltd with a 100% stake. Infrared Integrated Systems 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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Pomanda's financial health check has awarded Infrared Integrated Systems Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £2.8m, make it smaller than the average company (£4.4m)

Growth

3 year (CAGR) sales growth of -22%, show it is growing at a slower rate (6.7%)

EXPORT

Infrared Integrated Systems Limited's latest turnover from December 2023 is £2.8 million and the company has net assets of £3.3 million. According to their latest financial statements, Infrared Integrated Systems Limited has 19 employees and maintains cash reserves of £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	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	2,822,892	4,719,231	4,877,368	5,963,532	5,663,249	6,699,185	11,743,694	12,330,960	11,427,153	10,855,292	17,291,454	18,456,770	26,753,578	18,762,087	8,989,393
Other Income Or Grants
Cost Of Sales	1,507,009	2,494,863	2,625,639	3,298,823	3,012,687	3,562,895	6,252,008	6,563,348	6,173,753	6,111,778	9,427,544	10,366,457	14,801,647	10,298,067
Gross Profit	1,315,883	2,224,368	2,251,729	2,664,709	2,650,563	3,136,290	5,491,686	5,767,612	5,253,400	4,743,514	7,863,910	8,090,313	11,951,931	8,464,020
Admin Expenses	1,515,908	2,295,069	2,286,412	4,061,809	3,198,501	3,527,760	2,607,907	2,195,280	2,825,633	5,873,112	4,468,280	7,610,534	3,548,825	4,457,980	727,656
Operating Profit	-200,025	-70,701	-34,683	-1,397,100	-547,938	-391,470	2,883,779	3,572,332	2,427,767	-1,129,598	3,395,630	479,779	8,403,106	4,006,040	-727,656
Interest Payable	11,804	9,527	19,958	22,988	26,913	3,882	87	2,529	758	123
Interest Receivable	123,036	67,285	14,256	26,521	28,576	12,375	306	2,225	36,682	21,802	37,710	117,997	147,482	75,339	99,911
Pre-Tax Profit	-88,793	-12,943	-40,385	-1,393,567	-546,275	-382,977	2,833,998	3,572,028	2,463,691	-1,107,919	20,560,840	1,620,192	8,550,588	4,081,379	-627,745
Tax	13,580	17,124	43,057	277,420	2,386	-12,396	-19,752	-62,854	-11,884	39,244	-252,742	-541,621	-663,800	1,123,398	218,736
Profit After Tax	-75,213	4,181	2,672	-1,116,147	-543,889	-395,373	2,814,246	3,509,174	2,451,807	-1,068,675	20,308,098	1,078,571	7,886,788	5,204,777	-409,009
Dividends Paid						3,500,000			8,500,000		20,000,000	13,800,000
Retained Profit	-75,213	4,181	2,672	-1,116,147	-543,889	-3,895,373	2,814,246	3,509,174	-6,048,193	-1,068,675	308,098	-12,721,429	7,886,788	5,204,777	-409,009
Employee Costs	1,396,786	2,183,137	2,106,139	3,291,456	2,664,512	3,713,063	2,962,532	2,840,501	3,540,369	4,934,507	4,995,522	5,695,120	6,065,378	5,981,566	4,113,912
Number Of Employees	19	25	29	34	39	41	39	42	52	70	82	91	91	79	78
EBITDA*	-62,225	67,019	132,992	-872,093	424,461	518,792	3,597,748	4,205,577	2,964,771	320,490	4,403,516	1,137,584	8,592,105	4,272,016	-325,065

* 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	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets		356,887	487,112	796,856	959,965	386,586	526,982	663,408	688,959	963,789	1,504,663	1,724,126	1,725,210	1,839,787	718,813
Intangible Assets					324,369	1,045,792	1,166,877	945,362	695,229	649,926	1,239,645	495,775
Investments & Other										153,480	114,236	3	53	53	53
Debtors (Due After 1 year)	140,822	152,539	162,146	166,529	106,402	104,015	116,412	136,164	199,018
Total Fixed Assets	140,822	509,426	649,258	963,385	1,390,736	1,536,393	1,810,271	1,744,934	1,583,206	1,767,195	2,858,544	2,219,901	1,725,210	1,839,787	718,813
Stock & work in progress	2,163	205,832	253,920	178,043	271,794	443,725	475,056	511,331	642,744	1,798,075	1,478,657	1,721,825	2,241,702	2,184,739	2,058,268
Trade Debtors	653,527	1,335,387	1,103,233	1,537,634	1,259,992	1,113,255	1,896,438	1,818,659	2,226,816	1,664,370	1,577,343	4,181,687	1,902,853	2,429,282	746,351
Group Debtors	143,014	310,421	284,851	262,979	6,365	121,253	123,203		21,154	16,444	143,983	470,875
Misc Debtors	75,316	138,026	181,866	57,216	58,941	145,632	236,630	177,748	216,214	174,220	581,012	606,544	995,795	583,418	184,225
Cash	2,979,769	2,569,700	25,206,721	3,550,974	4,265,444	3,206,792	6,197,202	3,916,058	161,159	5,132,370	5,334,049	3,590,662	16,997,259	12,236,693	4,480,582
misc current assets	219,088													220,732	218,736
total current assets	4,072,877	4,559,366	27,030,591	5,586,846	5,862,536	5,030,657	8,928,529	6,423,796	3,268,087	8,785,479	9,115,044	10,571,593	22,137,609	17,654,864	7,688,162
total assets	4,213,699	5,068,792	27,679,849	6,550,231	7,253,272	6,567,050	10,738,800	8,168,730	4,851,293	10,552,674	11,973,588	12,791,494	23,862,819	19,494,651	8,406,975
Bank overdraft	114,045	269,511	23,053,121	1,263,446	1,139,963
Bank loan
Trade Creditors	16,377	61,112	44,631	105,369	84,689	97,370	102,352	139,709	238,853	463,386	876,919	1,537,401	624,486	987,664	654,214
Group/Directors Accounts		335,605	137,062	46,993	147,518	309,866	746,873	713,092	746,590	18,844	133,648
other short term finances
hp & lease commitments	133,390	131,804	130,245	128,709	127,198
other current liabilities	302,569	425,704	297,516	969,895	523,731	986,931	850,851	1,108,825	965,375	1,078,675	1,000,728	1,785,807	2,651,297	6,492,761	1,008,368
total current liabilities	566,381	1,223,736	23,662,575	2,514,412	2,023,099	1,394,167	1,700,076	1,961,626	1,950,818	1,560,905	2,011,295	3,323,208	3,275,783	7,480,425	1,662,582
loans
hp & lease commitments	67,095	199,683	331,659	459,555	585,414
Accruals and Deferred Income
other liabilities
provisions	230,930	220,868	265,291	158,612	110,960	85,320	55,788	38,414	240,959	284,060	185,909
total long term liabilities	298,025	420,551	596,950	618,167	696,374	85,320	55,788	38,414	240,959	284,060	185,909
total liabilities	864,406	1,644,287	24,259,525	3,132,579	2,719,473	1,479,487	1,755,864	2,000,040	2,191,777	1,844,965	2,197,204	3,323,208	3,275,783	7,480,425	1,662,582
net assets	3,349,293	3,424,505	3,420,324	3,417,652	4,533,799	5,087,563	8,982,936	6,168,690	2,659,516	8,707,709	9,776,384	9,468,286	20,587,036	12,014,226	6,744,393
total shareholders funds	3,349,293	3,424,505	3,420,324	3,417,652	4,533,799	5,087,563	8,982,936	6,168,690	2,659,516	8,707,709	9,776,384	9,468,286	20,587,036	12,014,226	6,744,393

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-200,025	-70,701	-34,683	-1,397,100	-547,938	-391,470	2,883,779	3,572,332	2,427,767	-1,129,598	3,395,630	479,779	8,403,106	4,006,040	-727,656
Depreciation	12,887	137,720	167,675	200,637	250,977	140,396	141,421	137,707	182,883	268,717	306,061	224,580	188,999	265,976	402,591
Amortisation	124,913			324,370	721,422	769,866	572,548	495,538	354,121	1,181,371	701,825	433,225
Tax	13,580	17,124	43,057	277,420	2,386	-12,396	-19,752	-62,854	-11,884	39,244	-252,742	-541,621	-663,800	1,123,398	218,736
Stock	-203,669	-48,088	75,877	-93,751	-171,931	-31,331	-36,275	-131,413	-1,155,331	319,418	-243,168	-519,877	56,963	126,471	2,058,268
Debtors	-923,694	204,277	-292,262	592,658	-52,455	-888,528	240,112	-530,631	808,168	-447,304	-2,956,768	2,360,458	-114,052	2,082,124	930,576
Creditors	-44,735	16,481	-60,738	20,680	-12,681	-4,982	-37,357	-99,144	-224,533	-413,533	-660,482	912,915	-363,178	333,450	654,214
Accruals and Deferred Income	-123,135	128,188	-672,379	446,164	-463,200	136,080	-257,974	143,450	-113,300	77,947	-785,079	-865,490	-3,841,464	5,484,393	1,008,368
Deferred Taxes & Provisions	10,062	-44,423	106,679	47,652	25,640	29,532	17,374	-202,545	-43,101	98,151	185,909
Cash flow from operations	920,910	28,200	-234,004	-579,084	200,992	1,586,885	3,096,202	4,646,528	2,919,116	250,185	6,091,058	-1,197,193	3,780,752	9,004,662	-1,432,591
Investing Activities
capital expenditure	219,087	-7,495	142,069	-37,529	-824,355	-648,781	-799,058	-857,827	-307,477	-319,495	-1,532,293	-1,152,496	-74,422	-1,386,950	-1,121,404
Change in Investments									-153,480	39,244	114,233	-50			53
cash flow from investments	219,087	-7,495	142,069	-37,529	-824,355	-648,781	-799,058	-857,827	-153,997	-358,739	-1,646,526	-1,152,446	-74,422	-1,386,950	-1,121,457
Financing Activities
Bank loans
Group/Directors Accounts	-335,605	198,543	90,069	-100,525	-162,348	-437,007	33,781	-33,498	727,746	-114,804	133,648
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments	-131,002	-130,417	-126,360	-124,348	712,612
other long term liabilities
share issue	1				-9,875							1,602,679	686,022	65,056	7,153,402
interest	111,232	57,758	-5,702	3,533	1,663	8,493	219	-304	35,924	21,679	37,710	117,997	147,482	75,339	99,911
cash flow from financing	-355,374	125,884	-41,993	-221,340	542,052	-428,514	34,000	-33,802	763,670	-93,125	171,358	1,720,676	833,504	140,395	7,253,313
cash and cash equivalents
cash	410,069	-22,637,021	21,655,747	-714,470	1,058,652	-2,990,410	2,281,144	3,754,899	-4,971,211	-201,679	1,743,387	-13,406,597	4,760,566	7,756,111	4,480,582
overdraft	-155,466	-22,783,610	21,789,675	123,483	1,139,963
change in cash	565,535	146,589	-133,928	-837,953	-81,311	-2,990,410	2,281,144	3,754,899	-4,971,211	-201,679	1,743,387	-13,406,597	4,760,566	7,756,111	4,480,582

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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INFRARED INTEGRATED SYSTEMS LIMITED group structure

Infrared Integrated Systems Limited has no subsidiary companies.

Ultimate parent company

TLFN III LLC

#0129572

TGA INDUSTRIES LIMITED

06020956

2 parents

INFRARED INTEGRATED SYSTEMS LIMITED

03186364

INFRARED INTEGRATED SYSTEMS LIMITED Shareholders

tga industries ltd

100%

Infrared Integrated Systems Limited currently has 3 directors. The longest serving directors include Mr Herman Warnshuis (Jan 2014) and Mr Paul Feenstra (May 2023).

officer	country	age	start	end	role
Mr Herman Warnshuis	England	60 years	Jan 2014	-	Director
Mr Paul Feenstra	England	55 years	May 2023	-	Director
Mr Christopher Smith	England	53 years	Jun 2023	-	Director

P&L

December 2023

turnover

2.8m

-40%

operating profit

-200k

+183%

gross margin

46.7%

-1.1%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

3.3m

-0.02%

total assets

4.2m

-0.17%

cash

+0.16%

net assets

Total assets minus all liabilities

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company number

03186364

Type

Private limited with Share Capital

industry

72190 - Other research and experimental development on natural sciences and engineering

incorporation date

April 1996

ultimate parent company

TLFN III LLC

previous names

N/A

address

capitol building oldbury, bracknell, RG12 8FZ

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We found 2 charges/mortgages relating to infrared integrated systems limited. Currently there are 2 open charges and 0 have been satisfied in the past.

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infrared integrated systems limited Company Information

infrared integrated systems limited Estimated Valuation

infrared integrated systems limited Estimated Valuation

infrared integrated systems limited Estimated Valuation

Infrared Integrated Systems Limited Overview

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INFRARED INTEGRATED SYSTEMS LIMITED financials

infrared integrated systems limited Credit Report and Business Information

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infrared integrated systems limited Ownership

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