irida plc

3.5

irida plc Company Information

Share IRIDA PLC
Live (In Liquidation)
EstablishedMidDeclining

Company Number

07050748

Registered Address

7th floor 21 lombard street, london, EC3V 9AH

Industry

Other business support service activities n.e.c.

 

Telephone

-

Next Accounts Due

35 days late

Group Structure

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Directors

Daniel Wynne7 Years

Ioannis Kyriakopoulos5 Years

Shareholders

irida holdings ltd 100%

irida plc Estimated Valuation

£5.9m

Pomanda estimates the enterprise value of IRIDA PLC at £5.9m based on a Turnover of £6.2m and 0.95x industry multiple (adjusted for size and gross margin).

irida plc Estimated Valuation

£140.1m

Pomanda estimates the enterprise value of IRIDA PLC at £140.1m based on an EBITDA of £19.3m and a 7.25x industry multiple (adjusted for size and gross margin).

irida plc Estimated Valuation

£0

Pomanda estimates the enterprise value of IRIDA PLC at £0 based on Net Assets of £-34.4m and 2.57x industry multiple (adjusted for liquidity).

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Irida Plc Overview

Irida Plc is a live company located in london, EC3V 9AH 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

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

2 Weak

size

Size

annual sales of £6.2m, make it larger than the average company (£3.7m)

£6.2m - Irida Plc

£3.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -19%, show it is growing at a slower rate (3%)

-19% - Irida Plc

3% - Industry AVG

production

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

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

Employees

with 40 employees, this is above the industry average (25)

40 - Irida Plc

25 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Irida Plc

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £154.3k, this is equally as efficient (£157.4k)

£154.3k - Irida Plc

£157.4k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Irida Plc

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Irida Plc

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Irida Plc

- - Industry AVG

cashbalance

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

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 109.1%, this is a higher level of debt than the average (63.8%)

109.1% - Irida Plc

63.8% - Industry AVG

IRIDA PLC financials

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010
Turnover6,172,5027,756,1286,784,14011,555,2258,524,0679,921,31810,053,5662,455,9145,817,5244,966,89211,657,82711,217,13816,072,558
Other Income Or Grants0000000000000
Cost Of Sales1,606,920333,561491,7481,494,6601,569,2111,555,7521,720,7922,357,4095,731,4944,897,37911,568,50611,133,69115,965,825
Gross Profit4,565,5827,422,5676,292,39210,060,5656,954,8568,365,5668,332,77498,50586,03069,51489,32183,447106,733
Admin Expenses-14,746,296-24,444,437-30,505,634-56,620,615-28,169,653-15,538,023-16,097,429-53,231,833-47,546,882-45,860,924-48,999,466-48,266,557-23,164,935
Operating Profit19,311,87831,867,00436,798,02666,681,18035,124,50923,903,58924,430,20353,330,33847,632,91245,930,43849,088,78748,350,00423,271,668
Interest Payable0000000000000
Interest Receivable0000000000000
Pre-Tax Profit-13,077,9054,733,312-1,812,1567,612,029-8,624,317-3,961,807-15,678,8023,5173,2852,8323,2033,4283,205
Tax-654-654-654-655-686-690-717-739-787-652-881-669-897
Profit After Tax-13,078,5594,732,658-1,812,8117,611,374-8,625,003-3,962,498-15,679,5192,7782,4982,1802,3222,7602,308
Dividends Paid0000000000000
Retained Profit-13,078,5594,732,658-1,812,8117,611,374-8,625,003-3,962,498-15,679,5192,7782,4982,1802,3222,7602,308
Employee Costs002,210,6150000000000
Number Of Employees405548785933174034333
EBITDA*19,311,87831,867,00436,798,02666,681,18035,124,50923,903,58924,430,20353,330,33847,632,91245,930,43849,088,78748,350,00423,271,668

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010
Tangible Assets0000000000000
Intangible Assets0000000000000
Investments & Other0000000000000
Debtors (Due After 1 year)0000000000000
Total Fixed Assets0000000000000
Stock & work in progress0000000000000
Trade Debtors00000299,333,054308,800,989384,402,669359,317,965300,661,320322,637,630307,880,713324,899,708
Group Debtors3,4963,4963,49803,668003,5733,3372,8763,2543,4830
Misc Debtors000000035500000
Cash220,516,545198,824,136183,879,886196,681,903126,795,808114,291,686107,279,64542,987,47438,008,66038,442,57656,962,68491,504,71743,458,882
misc current assets158,793,603203,970,827214,036,123203,187,637282,360,5643,6443,644000000
total current assets379,313,645402,798,461397,919,508399,869,541409,160,042413,628,384416,084,278427,394,072397,329,963339,106,773379,603,568399,388,914368,358,590
total assets379,313,645402,798,461397,919,508399,869,541409,160,042413,628,384416,084,278427,394,072397,329,963339,106,773379,603,568399,388,914368,358,590
Bank overdraft0000000000000
Bank loan0000000000000
Trade Creditors 0000000161,016260,514348,150395,9591,828,2411,046,007
Group/Directors Accounts0000000000000
other short term finances412,299,027424,098,844423,984,25400437,994,675436,467,339000000
hp & lease commitments0000000000000
other current liabilities1,452,42958,87040,642103,86465,07934,71555,448677,20144,00835,45141,38172,12041,407
total current liabilities413,751,458424,157,716424,024,898103,86665,080438,029,391436,522,788838,218304,523383,603437,3411,900,3631,087,415
loans000848,183,522885,074,65600853,054,472794,002,608677,409,034743,086,988778,663,792719,295,698
hp & lease commitments0000000000000
Accruals and Deferred Income0000000000000
other liabilities0000000000000
provisions0000000000000
total long term liabilities000424,091,761442,537,32800426,527,236397,001,304338,704,517379,147,594397,471,092367,257,433
total liabilities413,751,458424,157,716424,024,898424,195,627442,602,408438,029,391436,522,788427,365,454397,305,827339,088,120379,584,935399,371,455368,344,848
net assets-34,437,814-21,359,255-26,105,390-24,326,086-33,442,367-24,401,008-20,438,51028,61924,13618,65318,63417,45913,743
total shareholders funds-34,437,814-21,359,255-26,105,390-24,326,086-33,442,367-24,401,008-20,438,51028,61824,13618,65218,63317,45913,742
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010
Operating Activities
Operating Profit19,311,87831,867,00436,798,02666,681,18035,124,50923,903,58924,430,20353,330,33847,632,91245,930,43849,088,78748,350,00423,271,668
Depreciation0000000000000
Amortisation0000000000000
Tax-654-654-654-655-686-690-717-739-787-652-881-669-897
Stock0000000000000
Debtors0-23,498-3,668-299,329,385-9,467,935-75,605,60925,085,29558,657,106-21,976,68814,756,688-17,015,511324,899,707
Creditors000000-161,016-99,498-87,636-47,808-1,432,283782,2341,046,007
Accruals and Deferred Income1,393,55918,228-63,22238,78530,364-20,733-621,753633,1938,557-5,930-30,73930,71341,407
Deferred Taxes & Provisions0000000000000
Cash flow from operations20,704,78331,884,58036,730,65266,722,978334,483,57233,350,10199,252,32628,777,999-11,104,06067,852,73632,868,19666,177,793-300,541,522
Investing Activities
capital expenditure0000000000000
Change in Investments0000000000000
cash flow from investments0000000000000
Financing Activities
Bank loans0000000000000
Group/Directors Accounts0000000000000
Other Short Term Loans -11,799,817114,590423,984,2540-437,994,6751,527,336436,467,339000000
Long term loans00-848,183,522-36,891,134885,074,6560-853,054,47259,051,864116,593,574-65,677,954-35,576,80459,368,094719,295,698
Hire Purchase and Lease Commitments0000000000000
other long term liabilities0000000000000
share issue013,47733,5071,504,907-416,3560-4,787,6091,7042,986-2,161-1,14895611,434
interest0000000000000
cash flow from financing-11,799,817128,067-424,165,761-35,386,227446,663,6251,527,336-421,374,74259,053,568116,596,560-65,680,115-35,577,95259,369,050719,307,132
cash and cash equivalents
cash21,692,40914,944,250-12,802,01769,886,09512,504,1227,012,04164,292,1714,978,814-433,916-18,520,108-34,542,03348,045,83543,458,882
overdraft0000000000000
change in cash21,692,40914,944,250-12,802,01769,886,09512,504,1227,012,04164,292,1714,978,814-433,916-18,520,108-34,542,03348,045,83543,458,882

irida plc Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Irida Plc Competitor Analysis

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Perform a competitor analysis for irida plc by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in EC3V area or any other competitors across 12 key performance metrics.

irida plc Ownership

IRIDA PLC group structure

Irida Plc has no subsidiary companies.

Ultimate parent company

1 parent

IRIDA PLC

07050748

IRIDA PLC Shareholders

irida holdings ltd 100%

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).

officercountryagestartendrole
Mr Daniel Wynne54 years Mar 2017- Director
Mr Ioannis Kyriakopoulos50 years Mar 2019- Director

P&L

December 2022

turnover

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 2022

net 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

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2022

previous names

N/A

accountant

-

auditor

MHA

address

7th floor 21 lombard street, london, EC3V 9AH

Bank

-

Legal Advisor

-

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 0 open charges and 2 have been satisfied in the past.

charges

irida plc Companies House Filings - See Documents

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