iris worldwide holdings limited
iris worldwide holdings limited Company Information
Company Number
08144559
Website
www.iris-worldwide.comRegistered Address
third floor, 10 queen street place, london, EC4R 1BE
Industry
Other business support service activities n.e.c.
Advertising agencies
Telephone
02076547900
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
cheil worldwide inc 78.7%
stewart charles shanley 3.8%
View Alliris worldwide holdings limited Estimated Valuation
Pomanda estimates the enterprise value of IRIS WORLDWIDE HOLDINGS LIMITED at £155.1m based on a Turnover of £124.8m and 1.24x 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 £126.2m based on an EBITDA of £9.4m and a 13.38x 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 £-13.4m and 1.46x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Iris Worldwide Holdings Limited AI Business Plan
In just minutes, we combine Pomanda’s company and industry data with cutting edge Artificial Intelligence to build a comprehensive 27 section business plan. You then have 60 days to tailor the information, decide which sections to include or exclude, and add your own branding logos, images and color scheme to create your perfect plan.
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 £124.8m with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
Iris Worldwide Holdings Limited Health Check
Pomanda's financial health check has awarded Iris Worldwide Holdings Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £124.8m, make it larger than the average company (£4.5m)
£124.8m - Iris Worldwide Holdings Limited
£4.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (2.7%)
-5% - Iris Worldwide Holdings Limited
2.7% - Industry AVG
Production
with a gross margin of 63.1%, this company has a lower cost of product (46%)
63.1% - Iris Worldwide Holdings Limited
46% - Industry AVG
Profitability
an operating margin of 4.9% make it less profitable than the average company (7.8%)
4.9% - Iris Worldwide Holdings Limited
7.8% - Industry AVG
Employees
with 721 employees, this is above the industry average (25)
721 - Iris Worldwide Holdings Limited
25 - Industry AVG
Pay Structure
on an average salary of £70.6k, the company has a higher pay structure (£46.7k)
£70.6k - Iris Worldwide Holdings Limited
£46.7k - Industry AVG
Efficiency
resulting in sales per employee of £173.1k, this is more efficient (£138.4k)
£173.1k - Iris Worldwide Holdings Limited
£138.4k - Industry AVG
Debtor Days
it gets paid by customers after 37 days, this is near the average (42 days)
37 days - Iris Worldwide Holdings Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 42 days, this is close to average (39 days)
42 days - Iris Worldwide Holdings Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 17 days, this is less than average (24 days)
17 days - Iris Worldwide Holdings Limited
24 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is less cash available to meet short term requirements (50 weeks)
11 weeks - Iris Worldwide Holdings Limited
50 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 125.2%, this is a higher level of debt than the average (55.2%)
125.2% - Iris Worldwide Holdings Limited
55.2% - Industry AVG
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 and benchmarking them against 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 Jaeho Shin (Mar 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Millner | England | 54 years | Sep 2012 | - | Director |
| Jaeho Shin | South Korea | 53 years | Mar 2020 | - | Director |
| Mr Hyung Kim | United Kingdom | 53 years | Dec 2020 | - | Director |
| Mr Hwa Lee | United Kingdom | 51 years | Feb 2023 | - | Director |
| Tai Kim | South Korea | 54 years | Dec 2023 | - | Director |
IRIS WORLDWIDE HOLDINGS LIMITED financials
Iris Worldwide Holdings Limited's latest turnover from December 2022 is £124.8 million and the company has net assets of -£13.4 million. According to their latest financial statements, Iris Worldwide Holdings Limited has 721 employees and maintains cash reserves of £9.9 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 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 | 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 | 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 | 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 | 1,642,000 | 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 | 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 | 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 | -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 | 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 | 0 | 0 | 1,034,000 | 223,000 | 6,234,000 | 4,300,000 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 2,258,000 | 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 | 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 | 721 | 742 | 790 | 855 | 914 | 852 | 812 | 756 | 718 | 613 | 604 |
| EBITDA* | 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 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 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 | 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 | 395,000 | 1,069,000 | 1,069,000 | 1,145,000 | 862,000 | 456,000 | 271,000 | 131,000 | 305,000 | 0 | 0 |
| Debtors (Due After 1 year) | 539,000 | 753,000 | 596,000 | 1,343,000 | 1,783,000 | 319,000 | 857,000 | 272,000 | 473,000 | 0 | 0 |
| Total Fixed Assets | 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 | 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 | 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 | 5,668,000 | 1,963,000 | 2,665,000 | 265,000 | 296,000 | 437,000 | 301,000 | 182,000 | 0 | 0 | 0 |
| Misc Debtors | 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 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 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 | 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 | 7,181,000 | 756,000 | 699,000 | 1,441,000 | 1,013,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 80,000 | 160,000 | 160,000 | 3,337,000 | 1,193,000 | 932,000 | 1,133,000 |
| Trade Creditors | 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 | 10,209,000 | 10,023,000 | 8,590,000 | 14,380,000 | 2,250,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 1,847,000 | 1,050,000 | 0 | 8,000,000 | 0 | 0 |
| hp & lease commitments | 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 | 21,614,000 | 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 | 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 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 382,000 | 861,000 | 345,000 | 3,624,000 | 0 | 0 | 0 | 0 |
| provisions | 1,440,000 | 1,659,000 | 1,361,000 | 1,782,000 | 2,139,000 | 1,672,000 | 684,000 | 0 | 0 | 0 | 0 |
| total long term liabilities | 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 | 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 | -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 | -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 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 | 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 | 1,258,000 | 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 | 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 | -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 | 1,570,000 | -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 | 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 | -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 | -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 | -219,000 | 298,000 | -421,000 | -357,000 | 467,000 | 988,000 | 684,000 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -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 | 0 | 0 | 0 | 0 | -13,890,000 | -6,295,000 | -3,190,000 | -2,022,000 | -662,000 | -585,000 | -589,000 |
| Change in Investments | -674,000 | 0 | -76,000 | 283,000 | 406,000 | 185,000 | 140,000 | -174,000 | 305,000 | 0 | 0 |
| cash flow from investments | 674,000 | 0 | 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 | 0 | 0 | 0 | -80,000 | -80,000 | 0 | -3,177,000 | 2,144,000 | 261,000 | -201,000 | 1,133,000 |
| Group/Directors Accounts | 186,000 | 1,433,000 | -5,790,000 | 12,130,000 | 2,250,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | -1,847,000 | 797,000 | 1,050,000 | -8,000,000 | 8,000,000 | 0 | 0 |
| Long term loans | -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 | -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 | 0 | 0 | -382,000 | -479,000 | 516,000 | -3,279,000 | 3,624,000 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | -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 | -3,766,000 | -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 | -2,151,000 | 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 | 6,425,000 | 57,000 | -742,000 | 428,000 | 1,013,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -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 |
P&L
December 2022turnover
124.8m
-1%
operating profit
6.1m
0%
gross margin
63.2%
+0.63%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-13.4m
-0.21%
total assets
53.3m
+0.01%
cash
9.9m
-0.18%
net assets
Total assets minus all liabilities
iris worldwide holdings limited company details
company number
08144559
Type
Private limited with Share Capital
industry
90030 - Artistic creation
82990 - Other business support service activities n.e.c.
73110 - Advertising agencies
incorporation date
July 2012
age
12
accounts
Group
ultimate parent company
previous names
aghoco 1120 limited (October 2012)
incorporated
UK
address
third floor, 10 queen street place, london, EC4R 1BE
last accounts submitted
December 2022
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 1 charges/mortgages relating to iris worldwide holdings limited. Currently there are 1 open charges and 0 have been satisfied in the past.
iris worldwide holdings limited Companies House Filings - See Documents
| date | description | view/download |
|---|
