iris worldwide holdings limited
iris worldwide holdings limited Company Information
Company Number
08144559
Next Accounts
Sep 2025
Shareholders
cheil worldwide inc
stewart charles shanley
View AllGroup Structure
View All
Industry
Artistic creation
+2Registered Address
third floor, 10 queen street place, london, EC4R 1BE
Website
www.iris-worldwide.comiris worldwide holdings limited Estimated Valuation
Pomanda estimates the enterprise value of IRIS WORLDWIDE HOLDINGS LIMITED at £136.1m based on a Turnover of £117.7m and 1.16x industry multiple (adjusted for size and gross margin).
iris worldwide holdings limited Estimated Valuation
Pomanda estimates the enterprise value of IRIS WORLDWIDE HOLDINGS LIMITED at £0 based on an EBITDA of £-303k and a 10.52x industry multiple (adjusted for size and gross margin).
iris worldwide holdings limited Estimated Valuation
Pomanda estimates the enterprise value of IRIS WORLDWIDE HOLDINGS LIMITED at £0 based on Net Assets of £-19m and 1.61x industry multiple (adjusted for liquidity).
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Iris Worldwide Holdings Limited Overview
Iris Worldwide Holdings Limited is a live company located in london, EC4R 1BE with a Companies House number of 08144559. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in July 2012, it's largest shareholder is cheil worldwide inc with a 78.7% stake. Iris Worldwide Holdings Limited is a established, mega sized company, Pomanda has estimated its turnover at £117.7m with declining growth in recent years.
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Iris Worldwide Holdings Limited Health Check
Pomanda's financial health check has awarded Iris Worldwide Holdings Limited a 3 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
4 Strong
2 Regular
6 Weak
Size
annual sales of £117.7m, make it larger than the average company (£5m)
£117.7m - Iris Worldwide Holdings Limited
£5m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (6.9%)
-1% - Iris Worldwide Holdings Limited
6.9% - Industry AVG
Production
with a gross margin of 53.7%, this company has a comparable cost of product (46.4%)
53.7% - Iris Worldwide Holdings Limited
46.4% - Industry AVG
Profitability
an operating margin of -2.9% make it less profitable than the average company (5.5%)
-2.9% - Iris Worldwide Holdings Limited
5.5% - Industry AVG
Employees
with 597 employees, this is above the industry average (25)
597 - Iris Worldwide Holdings Limited
25 - Industry AVG
Pay Structure
on an average salary of £79.2k, the company has a higher pay structure (£49.4k)
£79.2k - Iris Worldwide Holdings Limited
£49.4k - Industry AVG
Efficiency
resulting in sales per employee of £197.1k, this is more efficient (£146.3k)
£197.1k - Iris Worldwide Holdings Limited
£146.3k - Industry AVG
Debtor Days
it gets paid by customers after 27 days, this is earlier than average (39 days)
27 days - Iris Worldwide Holdings Limited
39 days - Industry AVG
Creditor Days
its suppliers are paid after 25 days, this is quicker than average (34 days)
25 days - Iris Worldwide Holdings Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 26 days, this is in line with average (23 days)
26 days - Iris Worldwide Holdings Limited
23 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (36 weeks)
7 weeks - Iris Worldwide Holdings Limited
36 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 140.7%, this is a higher level of debt than the average (57%)
140.7% - Iris Worldwide Holdings Limited
57% - Industry AVG
IRIS WORLDWIDE HOLDINGS LIMITED financials
Iris Worldwide Holdings Limited's latest turnover from December 2023 is £117.7 million and the company has net assets of -£19 million. According to their latest financial statements, Iris Worldwide Holdings Limited has 597 employees and maintains cash reserves of £7.6 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 117,685,000 | 124,786,000 | 125,487,000 | 122,386,000 | 144,784,000 | 128,791,000 | 128,579,000 | 117,744,000 | 90,730,000 | 92,956,000 | 75,554,000 | 72,852,000 |
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | 54,548,000 | 46,017,000 | 46,772,000 | 46,424,000 | 54,519,000 | 48,609,000 | 49,615,000 | 44,312,000 | 28,064,000 | 36,979,000 | 23,938,000 | 22,606,000 |
| Gross Profit | 63,137,000 | 78,769,000 | 78,715,000 | 75,962,000 | 90,265,000 | 80,182,000 | 78,964,000 | 73,432,000 | 62,666,000 | 55,977,000 | 51,616,000 | 50,246,000 |
| Admin Expenses | 66,520,000 | 72,678,000 | 72,609,000 | 75,676,000 | 84,235,000 | 74,421,000 | 76,282,000 | 66,774,000 | 56,423,000 | 60,045,000 | 48,204,000 | 46,564,000 |
| Operating Profit | -3,383,000 | 6,091,000 | 6,106,000 | 286,000 | 6,030,000 | 5,761,000 | 2,682,000 | 6,658,000 | 6,243,000 | -4,068,000 | 3,412,000 | 3,682,000 |
| Interest Payable | 1,796,000 | 1,642,000 | 1,720,000 | 3,178,000 | 3,649,000 | 2,614,000 | 1,806,000 | 934,000 | 566,000 | 737,000 | 485,000 | 537,000 |
| Interest Receivable | 17,000 | 53,000 | 14,000 | 12,000 | 8,000 | 7,000 | 15,000 | 16,000 | 13,000 | 36,000 | 39,000 | 118,000 |
| Pre-Tax Profit | -5,012,000 | 3,723,000 | 4,993,000 | -2,435,000 | -1,694,000 | 2,259,000 | 3,511,000 | 5,740,000 | 5,690,000 | -4,769,000 | 2,966,000 | 3,463,000 |
| Tax | 456,000 | -1,395,000 | -2,078,000 | -1,664,000 | -2,827,000 | -494,000 | -2,130,000 | -952,000 | -1,819,000 | 459,000 | -1,146,000 | -1,234,000 |
| Profit After Tax | -4,556,000 | 2,328,000 | 2,915,000 | -4,099,000 | -4,521,000 | 1,765,000 | 1,381,000 | 4,788,000 | 3,871,000 | -4,310,000 | 1,820,000 | 2,229,000 |
| Dividends Paid | 1,034,000 | 223,000 | 6,234,000 | 4,300,000 | ||||||||
| Retained Profit | -4,556,000 | 2,328,000 | 2,878,000 | -5,312,000 | -5,078,000 | -4,806,000 | -3,325,000 | 4,546,000 | 3,776,000 | -4,199,000 | 1,835,000 | 2,229,000 |
| Employee Costs | 47,278,000 | 50,921,000 | 49,141,000 | 51,592,000 | 55,101,000 | 51,581,000 | 50,979,000 | 45,775,000 | 37,103,000 | 34,414,000 | 34,525,000 | 31,726,000 |
| Number Of Employees | 597 | 721 | 742 | 790 | 855 | 914 | 852 | 812 | 756 | 718 | 613 | 604 |
| EBITDA* | -303,000 | 9,429,000 | 10,913,000 | 7,191,000 | 12,846,000 | 11,261,000 | 7,247,000 | 9,749,000 | 8,040,000 | -3,050,000 | 4,461,000 | 5,360,000 |
* 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 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,340,000 | 5,180,000 | 5,504,000 | 6,482,000 | 7,555,000 | 7,856,000 | 1,460,000 | 1,297,000 | 852,000 | 909,000 | 1,303,000 | 918,000 |
| Intangible Assets | 3,731,000 | 5,582,000 | 7,305,000 | 10,350,000 | 14,964,000 | 18,066,000 | 14,805,000 | 8,841,000 | 2,197,000 | 2,571,000 | 1,356,000 | 704,000 |
| Investments & Other | 241,000 | 395,000 | 1,069,000 | 1,069,000 | 1,145,000 | 862,000 | 456,000 | 271,000 | 131,000 | 305,000 | ||
| Debtors (Due After 1 year) | 1,136,000 | 539,000 | 753,000 | 596,000 | 1,343,000 | 1,783,000 | 319,000 | 857,000 | 272,000 | 473,000 | ||
| Total Fixed Assets | 9,448,000 | 11,696,000 | 14,631,000 | 18,497,000 | 25,007,000 | 28,567,000 | 17,040,000 | 11,266,000 | 3,452,000 | 4,258,000 | 2,659,000 | 1,622,000 |
| Stock & work in progress | 3,996,000 | 2,186,000 | 616,000 | 900,000 | 9,872,000 | 10,171,000 | 3,765,000 | 3,473,000 | 1,801,000 | 2,341,000 | 2,764,000 | 3,308,000 |
| Trade Debtors | 8,867,000 | 12,896,000 | 15,079,000 | 15,120,000 | 21,066,000 | 17,096,000 | 17,896,000 | 17,266,000 | 11,381,000 | 12,550,000 | 10,201,000 | 10,417,000 |
| Group Debtors | 5,401,000 | 5,668,000 | 1,963,000 | 2,665,000 | 265,000 | 296,000 | 437,000 | 301,000 | 182,000 | |||
| Misc Debtors | 10,384,000 | 10,893,000 | 8,564,000 | 9,727,000 | 10,601,000 | 7,961,000 | 7,748,000 | 6,663,000 | 5,146,000 | 3,417,000 | 2,822,000 | 3,260,000 |
| Cash | 7,643,000 | 9,913,000 | 12,064,000 | 10,516,000 | 6,717,000 | 7,516,000 | 8,399,000 | 9,102,000 | 8,020,000 | 6,489,000 | 4,427,000 | 5,028,000 |
| misc current assets | ||||||||||||
| total current assets | 36,291,000 | 41,556,000 | 38,286,000 | 38,928,000 | 48,521,000 | 43,040,000 | 38,245,000 | 36,805,000 | 26,530,000 | 24,797,000 | 20,214,000 | 22,013,000 |
| total assets | 45,739,000 | 53,252,000 | 52,917,000 | 57,425,000 | 73,528,000 | 71,607,000 | 55,285,000 | 48,071,000 | 29,982,000 | 29,055,000 | 22,873,000 | 23,635,000 |
| Bank overdraft | 5,656,000 | 7,181,000 | 756,000 | 699,000 | 1,441,000 | 1,013,000 | ||||||
| Bank loan | 80,000 | 160,000 | 160,000 | 3,337,000 | 1,193,000 | 932,000 | 1,133,000 | |||||
| Trade Creditors | 3,784,000 | 5,306,000 | 5,993,000 | 6,913,000 | 4,852,000 | 7,410,000 | 6,359,000 | 8,747,000 | 7,567,000 | 7,223,000 | 7,342,000 | 7,983,000 |
| Group/Directors Accounts | 18,506,000 | 10,209,000 | 10,023,000 | 8,590,000 | 14,380,000 | 2,250,000 | ||||||
| other short term finances | 1,847,000 | 1,050,000 | 8,000,000 | |||||||||
| hp & lease commitments | 38,000 | 560,000 | 723,000 | 660,000 | 636,000 | 719,000 | 123,000 | 95,000 | 306,000 | 331,000 | 167,000 | 88,000 |
| other current liabilities | 21,771,000 | 21,614,000 | 25,471,000 | 33,002,000 | 42,675,000 | 35,511,000 | 30,138,000 | 24,962,000 | 18,728,000 | 19,935,000 | 11,844,000 | 14,217,000 |
| total current liabilities | 49,755,000 | 44,870,000 | 42,966,000 | 49,864,000 | 63,984,000 | 46,983,000 | 38,627,000 | 35,014,000 | 29,938,000 | 36,682,000 | 20,285,000 | 23,421,000 |
| loans | 13,641,000 | 20,314,000 | 23,207,000 | 23,730,000 | 19,967,000 | 30,037,000 | 19,126,000 | 7,244,000 | 817,000 | 4,279,000 | 8,393,000 | 7,898,000 |
| hp & lease commitments | 40,000 | 593,000 | 1,257,000 | 1,704,000 | 2,317,000 | 161,000 | 67,000 | 167,000 | 419,000 | 209,000 | 40,000 | |
| Accruals and Deferred Income | ||||||||||||
| other liabilities | 382,000 | 861,000 | 345,000 | 3,624,000 | ||||||||
| provisions | 948,000 | 1,440,000 | 1,659,000 | 1,361,000 | 1,782,000 | 2,139,000 | 1,672,000 | 684,000 | ||||
| total long term liabilities | 14,589,000 | 21,794,000 | 25,459,000 | 26,348,000 | 23,835,000 | 35,354,000 | 21,304,000 | 11,619,000 | 984,000 | 4,698,000 | 8,602,000 | 7,938,000 |
| total liabilities | 64,344,000 | 66,664,000 | 68,425,000 | 76,212,000 | 87,819,000 | 82,337,000 | 59,931,000 | 46,633,000 | 30,922,000 | 41,380,000 | 28,887,000 | 31,359,000 |
| net assets | -18,952,000 | -13,412,000 | -16,916,000 | -20,158,000 | -17,189,000 | -14,802,000 | -7,733,000 | 374,000 | -940,000 | -12,325,000 | -6,134,000 | -7,724,000 |
| total shareholders funds | -18,952,000 | -13,412,000 | -16,916,000 | -20,158,000 | -17,189,000 | -14,802,000 | -7,733,000 | 374,000 | -940,000 | -12,325,000 | -6,134,000 | -7,724,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | -3,383,000 | 6,091,000 | 6,106,000 | 286,000 | 6,030,000 | 5,761,000 | 2,682,000 | 6,658,000 | 6,243,000 | -4,068,000 | 3,412,000 | 3,682,000 |
| Depreciation | 1,270,000 | 1,258,000 | 1,583,000 | 1,906,000 | 1,916,000 | 1,147,000 | 742,000 | 745,000 | 775,000 | 933,000 | 633,000 | 731,000 |
| Amortisation | 1,810,000 | 2,080,000 | 3,224,000 | 4,999,000 | 4,900,000 | 4,353,000 | 3,823,000 | 2,346,000 | 1,022,000 | 85,000 | 416,000 | 947,000 |
| Tax | 456,000 | -1,395,000 | -2,078,000 | -1,664,000 | -2,827,000 | -494,000 | -2,130,000 | -952,000 | -1,819,000 | 459,000 | -1,146,000 | -1,234,000 |
| Stock | 1,810,000 | 1,570,000 | -284,000 | -8,972,000 | -299,000 | 6,406,000 | 292,000 | 1,672,000 | -540,000 | -423,000 | -544,000 | 3,308,000 |
| Debtors | -4,208,000 | 3,637,000 | -1,749,000 | -5,167,000 | 6,139,000 | 736,000 | 1,313,000 | 8,106,000 | 541,000 | 3,417,000 | -654,000 | 13,677,000 |
| Creditors | -1,522,000 | -687,000 | -920,000 | 2,061,000 | -2,558,000 | 1,051,000 | -2,388,000 | 1,180,000 | 344,000 | -119,000 | -641,000 | 7,983,000 |
| Accruals and Deferred Income | 157,000 | -3,857,000 | -7,531,000 | -9,673,000 | 7,164,000 | 5,373,000 | 5,176,000 | 6,234,000 | -1,207,000 | 8,091,000 | -2,373,000 | 14,217,000 |
| Deferred Taxes & Provisions | -492,000 | -219,000 | 298,000 | -421,000 | -357,000 | 467,000 | 988,000 | 684,000 | ||||
| Cash flow from operations | 694,000 | -1,936,000 | 2,715,000 | 11,633,000 | 8,428,000 | 10,516,000 | 7,288,000 | 7,117,000 | 5,357,000 | 2,387,000 | 1,499,000 | 9,341,000 |
| Investing Activities | ||||||||||||
| capital expenditure | -13,890,000 | -6,295,000 | -3,190,000 | -2,022,000 | -662,000 | -585,000 | -589,000 | |||||
| Change in Investments | -154,000 | -674,000 | -76,000 | 283,000 | 406,000 | 185,000 | 140,000 | -174,000 | 305,000 | |||
| cash flow from investments | 154,000 | 674,000 | 76,000 | -283,000 | -14,296,000 | -6,480,000 | -3,330,000 | -1,848,000 | -967,000 | -585,000 | -589,000 | |
| Financing Activities | ||||||||||||
| Bank loans | -80,000 | -80,000 | -3,177,000 | 2,144,000 | 261,000 | -201,000 | 1,133,000 | |||||
| Group/Directors Accounts | 8,297,000 | 186,000 | 1,433,000 | -5,790,000 | 12,130,000 | 2,250,000 | ||||||
| Other Short Term Loans | -1,847,000 | 797,000 | 1,050,000 | -8,000,000 | 8,000,000 | |||||||
| Long term loans | -6,673,000 | -2,893,000 | -523,000 | 3,763,000 | -10,070,000 | 10,911,000 | 11,882,000 | 6,427,000 | -3,462,000 | -4,114,000 | 495,000 | 7,898,000 |
| Hire Purchase and Lease Commitments | -562,000 | -716,000 | -601,000 | -423,000 | -696,000 | 2,752,000 | 122,000 | -311,000 | -277,000 | 374,000 | 248,000 | 128,000 |
| other long term liabilities | -382,000 | -479,000 | 516,000 | -3,279,000 | 3,624,000 | |||||||
| share issue | ||||||||||||
| interest | -1,779,000 | -1,589,000 | -1,706,000 | -3,166,000 | -3,641,000 | -2,607,000 | -1,791,000 | -918,000 | -553,000 | -701,000 | -446,000 | -419,000 |
| cash flow from financing | -1,701,000 | -3,836,000 | -1,033,000 | -3,655,000 | -145,000 | 9,632,000 | 2,949,000 | 3,463,000 | -2,539,000 | 1,828,000 | -149,000 | -1,213,000 |
| cash and cash equivalents | ||||||||||||
| cash | -2,270,000 | -2,151,000 | 1,548,000 | 3,799,000 | -799,000 | -883,000 | -703,000 | 1,082,000 | 1,531,000 | 2,062,000 | -601,000 | 5,028,000 |
| overdraft | -1,525,000 | 6,425,000 | 57,000 | -742,000 | 428,000 | 1,013,000 | ||||||
| change in cash | -745,000 | -8,576,000 | 1,491,000 | 4,541,000 | -1,227,000 | -1,896,000 | -703,000 | 1,082,000 | 1,531,000 | 2,062,000 | -601,000 | 5,028,000 |
iris worldwide holdings limited Credit Report and Business Information
Iris Worldwide Holdings Limited Competitor Analysis
Perform a competitor analysis for iris worldwide holdings limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in EC4R area or any other competitors across 12 key performance metrics.
iris worldwide holdings limited Ownership
IRIS WORLDWIDE HOLDINGS LIMITED group structure
Iris Worldwide Holdings Limited has 2 subsidiary companies.
Ultimate parent company
CHEIL WORLDWIDE INC
#0068221
1 parent
IRIS WORLDWIDE HOLDINGS LIMITED
08144559
2 subsidiaries
iris worldwide holdings limited directors
Iris Worldwide Holdings Limited currently has 5 directors. The longest serving directors include Mr Ian Millner (Sep 2012) and Mr Jaeho Shin (Mar 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Millner | England | 55 years | Sep 2012 | - | Director |
| Mr Jaeho Shin | England | 54 years | Mar 2020 | - | Director |
| Tai Kim | South Korea | 55 years | Dec 2023 | - | Director |
| Mr Minsoo Kee | England | 55 years | Jan 2025 | - | Director |
| Mr Daehoon Park | South Korea | 49 years | Jan 2025 | - | Director |
P&L
December 2023turnover
117.7m
-6%
operating profit
-3.4m
-156%
gross margin
53.7%
-15.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-19m
+0.41%
total assets
45.7m
-0.14%
cash
7.6m
-0.23%
net assets
Total assets minus all liabilities
iris worldwide holdings limited company details
company number
08144559
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
90030 - Artistic creation
73110 - Advertising agencies
incorporation date
July 2012
age
13
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
aghoco 1120 limited (October 2012)
accountant
-
auditor
BDO LLP
address
third floor, 10 queen street place, london, EC4R 1BE
Bank
-
Legal Advisor
-
iris worldwide holdings 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 2 charges/mortgages relating to iris worldwide holdings limited. Currently there are 2 open charges and 0 have been satisfied in the past.
iris worldwide holdings 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 WORLDWIDE HOLDINGS LIMITED. This can take several minutes, an email will notify you when this has completed.
iris worldwide holdings limited Companies House Filings - See Documents
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