irida plc
irida plc Company Information
Company Number
07050748
Website
forexswingprofit.comRegistered Address
third floor 1 king's arms yard, london, EC2R 7AF
Industry
Other business support service activities n.e.c.
Telephone
-
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
irida holdings ltd 100%
irida plc Estimated Valuation
Pomanda estimates the enterprise value of IRIDA PLC at £5.8m based on a Turnover of £6.2m and 0.95x industry multiple (adjusted for size and gross margin).
irida plc Estimated Valuation
Pomanda estimates the enterprise value of IRIDA PLC at £143.4m based on an EBITDA of £19.3m and a 7.42x industry multiple (adjusted for size and gross margin).
irida plc Estimated Valuation
Pomanda estimates the enterprise value of IRIDA PLC at £0 based on Net Assets of £-34.4m and 2.27x industry multiple (adjusted for liquidity).
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Irida Plc Overview
Irida Plc is a live company located in london, EC2R 7AF with a Companies House number of 07050748. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in October 2009, it's largest shareholder is irida holdings ltd with a 100% stake. Irida Plc is a established, mid sized company, Pomanda has estimated its turnover at £6.2m with declining growth in recent years.
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Irida Plc Health Check
Pomanda's financial health check has awarded Irida Plc a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
2 Weak
Size
annual sales of £6.2m, make it larger than the average company (£3.8m)
£6.2m - Irida Plc
£3.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -19%, show it is growing at a slower rate (3%)
-19% - Irida Plc
3% - Industry AVG
Production
with a gross margin of 74%, this company has a lower cost of product (38.8%)
74% - Irida Plc
38.8% - Industry AVG
Profitability
an operating margin of 312.9% make it more profitable than the average company (6.3%)
312.9% - Irida Plc
6.3% - Industry AVG
Employees
with 40 employees, this is above the industry average (25)
- Irida Plc
25 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Irida Plc
- - Industry AVG
Efficiency
resulting in sales per employee of £154.3k, this is equally as efficient (£157.6k)
- Irida Plc
£157.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Irida Plc
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Irida Plc
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Irida Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 27 weeks, this is average cash available to meet short term requirements (24 weeks)
27 weeks - Irida Plc
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 109.1%, this is a higher level of debt than the average (63.6%)
109.1% - Irida Plc
63.6% - Industry AVG
IRIDA PLC financials
Irida Plc's latest turnover from December 2022 is £6.2 million and the company has net assets of -£34.4 million. According to their latest financial statements, we estimate that Irida Plc has 40 employees and maintains cash reserves of £220.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,172,502 | 7,756,128 | 6,784,140 | 11,555,225 | 8,524,067 | 9,921,318 | 10,053,566 | 2,455,914 | 5,817,524 | 4,966,892 | 11,657,827 | 11,217,138 | 16,072,558 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 1,606,920 | 333,561 | 491,748 | 1,494,660 | 1,569,211 | 1,555,752 | 1,720,792 | 2,357,409 | 5,731,494 | 4,897,379 | 11,568,506 | 11,133,691 | 15,965,825 |
| Gross Profit | 4,565,582 | 7,422,567 | 6,292,392 | 10,060,565 | 6,954,856 | 8,365,566 | 8,332,774 | 98,505 | 86,030 | 69,514 | 89,321 | 83,447 | 106,733 |
| Admin Expenses | |||||||||||||
| Operating Profit | |||||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -13,077,905 | 4,733,312 | -1,812,156 | 7,612,029 | -8,624,317 | -3,961,807 | -15,678,802 | 3,517 | 3,285 | 2,832 | 3,203 | 3,428 | 3,205 |
| Tax | -654 | -654 | -654 | -655 | -686 | -690 | -717 | -739 | -787 | -652 | -881 | -669 | -897 |
| Profit After Tax | -13,078,559 | 4,732,658 | -1,812,811 | 7,611,374 | -8,625,003 | -3,962,498 | -15,679,519 | 2,778 | 2,498 | 2,180 | 2,322 | 2,760 | 2,308 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -13,078,559 | 4,732,658 | -1,812,811 | 7,611,374 | -8,625,003 | -3,962,498 | -15,679,519 | 2,778 | 2,498 | 2,180 | 2,322 | 2,760 | 2,308 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Number Of Employees | 3 | 3 | 3 | 3 | 3 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 299,333,054 | 308,800,989 | 384,402,669 | 359,317,965 | 300,661,320 | 322,637,630 | 307,880,713 | 324,899,708 |
| Group Debtors | 3,496 | 3,496 | 3,498 | 0 | 3,668 | 0 | 0 | 3,573 | 3,337 | 2,876 | 3,254 | 3,483 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 355 | 0 | 0 | 0 | 0 | 0 |
| Cash | 220,516,545 | 198,824,136 | 183,879,886 | 196,681,903 | 126,795,808 | 114,291,686 | 107,279,645 | 42,987,474 | 38,008,660 | 38,442,576 | 56,962,684 | 91,504,717 | 43,458,882 |
| misc current assets | 158,793,603 | 203,970,827 | 214,036,123 | 203,187,637 | 282,360,564 | 3,644 | 3,644 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 379,313,645 | 402,798,461 | 397,919,508 | 399,869,541 | 409,160,042 | 413,628,384 | 416,084,278 | 427,394,072 | 397,329,963 | 339,106,773 | 379,603,568 | 399,388,914 | 368,358,590 |
| total assets | 379,313,645 | 402,798,461 | 397,919,508 | 399,869,541 | 409,160,042 | 413,628,384 | 416,084,278 | 427,394,072 | 397,329,963 | 339,106,773 | 379,603,568 | 399,388,914 | 368,358,590 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 161,016 | 260,514 | 348,150 | 395,959 | 1,828,241 | 1,046,007 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 412,299,027 | 424,098,844 | 423,984,254 | 0 | 0 | 437,994,675 | 436,467,339 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,452,429 | 58,870 | 40,642 | 103,864 | 65,079 | 34,715 | 55,448 | 677,201 | 44,008 | 35,451 | 41,381 | 72,120 | 41,407 |
| total current liabilities | 413,751,458 | 424,157,716 | 424,024,898 | 103,866 | 65,080 | 438,029,391 | 436,522,788 | 838,218 | 304,523 | 383,603 | 437,341 | 1,900,363 | 1,087,415 |
| loans | 0 | 0 | 0 | 848,183,522 | 885,074,656 | 0 | 0 | 853,054,472 | 794,002,608 | 677,409,034 | 743,086,988 | 778,663,792 | 719,295,698 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 424,091,761 | 442,537,328 | 0 | 0 | 426,527,236 | 397,001,304 | 338,704,517 | 379,147,594 | 397,471,092 | 367,257,433 |
| total liabilities | 413,751,458 | 424,157,716 | 424,024,898 | 424,195,627 | 442,602,408 | 438,029,391 | 436,522,788 | 427,365,454 | 397,305,827 | 339,088,120 | 379,584,935 | 399,371,455 | 368,344,848 |
| net assets | -34,437,814 | -21,359,255 | -26,105,390 | -24,326,086 | -33,442,367 | -24,401,008 | -20,438,510 | 28,619 | 24,136 | 18,653 | 18,634 | 17,459 | 13,743 |
| total shareholders funds | -34,437,814 | -21,359,255 | -26,105,390 | -24,326,086 | -33,442,367 | -24,401,008 | -20,438,510 | 28,618 | 24,136 | 18,652 | 18,633 | 17,459 | 13,742 |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | |||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -654 | -654 | -654 | -655 | -686 | -690 | -717 | -739 | -787 | -652 | -881 | -669 | -897 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 0 | -2 | 3,498 | -3,668 | -299,329,385 | -9,467,935 | -75,605,609 | 25,085,295 | 58,657,106 | -21,976,688 | 14,756,688 | -17,015,511 | 324,899,707 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | -161,016 | -99,498 | -87,636 | -47,808 | -1,432,283 | 782,234 | 1,046,007 |
| Accruals and Deferred Income | 1,393,559 | 18,228 | -63,222 | 38,785 | 30,364 | -20,733 | -621,753 | 633,193 | 8,557 | -5,930 | -30,739 | 30,713 | 41,407 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -11,799,817 | 114,590 | 423,984,254 | 0 | -437,994,675 | 1,527,336 | 436,467,339 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | -848,183,522 | -36,891,134 | 885,074,656 | 0 | -853,054,472 | 59,051,864 | 116,593,574 | -65,677,954 | -35,576,804 | 59,368,094 | 719,295,698 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | -11,799,817 | 128,067 | -424,165,761 | -35,386,227 | 446,663,625 | 1,527,336 | -421,374,742 | 59,053,568 | 116,596,560 | -65,680,115 | -35,577,952 | 59,369,050 | 719,307,132 |
| cash and cash equivalents | |||||||||||||
| cash | 21,692,409 | 14,944,250 | -12,802,017 | 69,886,095 | 12,504,122 | 7,012,041 | 64,292,171 | 4,978,814 | -433,916 | -18,520,108 | -34,542,033 | 48,045,835 | 43,458,882 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 21,692,409 | 14,944,250 | -12,802,017 | 69,886,095 | 12,504,122 | 7,012,041 | 64,292,171 | 4,978,814 | -433,916 | -18,520,108 | -34,542,033 | 48,045,835 | 43,458,882 |
irida plc Credit Report and Business Information
Irida Plc Competitor Analysis
Perform a competitor analysis for irida plc by selecting its closest rivals and benchmarking them against 12 key performance metrics.
irida plc Ownership
IRIDA PLC group structure
Irida Plc has no subsidiary companies.
irida plc directors
Irida Plc currently has 2 directors. The longest serving directors include Mr Daniel Wynne (Mar 2017) and Mr Ioannis Kyriakopoulos (Mar 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Daniel Wynne | United Kingdom | 53 years | Mar 2017 | - | Director |
| Mr Ioannis Kyriakopoulos | United Kingdom | 50 years | Mar 2019 | - | Director |
P&L
December 2022turnover
6.2m
-20%
operating profit
19.3m
0%
gross margin
74%
-22.71%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-34.4m
+0.61%
total assets
379.3m
-0.06%
cash
220.5m
+0.11%
net assets
Total assets minus all liabilities
irida plc company details
company number
07050748
Type
Public limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
October 2009
age
15
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
third floor 1 king's arms yard, london, EC2R 7AF
last accounts submitted
December 2022
irida plc 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 2 charges/mortgages relating to irida plc. Currently there are 2 open charges and 0 have been satisfied in the past.
irida plc Companies House Filings - See Documents
| date | description | view/download |
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