iris low volatility plus corporate member limited

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iris low volatility plus corporate member limited Company Information

Share IRIS LOW VOLATILITY PLUS CORPORATE MEMBER LIMITED

Company Number

09235474

Shareholders

iris low volatility plus corporate member holding co ltd

Group Structure

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Industry

Non-life insurance

 

Registered Address

5th floor 70 gracechurch street, london, EC3V 0XL

iris low volatility plus corporate member limited Estimated Valuation

£0

Pomanda estimates the enterprise value of IRIS LOW VOLATILITY PLUS CORPORATE MEMBER LIMITED at £0 based on a Turnover of £0 and 0.57x industry multiple (adjusted for size and gross margin).

iris low volatility plus corporate member limited Estimated Valuation

£61

Pomanda estimates the enterprise value of IRIS LOW VOLATILITY PLUS CORPORATE MEMBER LIMITED at £61 based on an EBITDA of £9 and a 6.3x industry multiple (adjusted for size and gross margin).

iris low volatility plus corporate member limited Estimated Valuation

£163

Pomanda estimates the enterprise value of IRIS LOW VOLATILITY PLUS CORPORATE MEMBER LIMITED at £163 based on Net Assets of £100 and 1.64x industry multiple (adjusted for liquidity).

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Iris Low Volatility Plus Corporate Member Limited Overview

Iris Low Volatility Plus Corporate Member Limited is a live company located in london, EC3V 0XL with a Companies House number of 09235474. It operates in the non-life insurance sector, SIC Code 65120. Founded in September 2014, it's largest shareholder is iris low volatility plus corporate member holding co ltd with a 100% stake. Iris Low Volatility Plus Corporate Member Limited is a established, unknown sized company, Pomanda has estimated its turnover at £0 with declining growth in recent years.

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Iris Low Volatility Plus Corporate Member Limited Health Check

Pomanda's financial health check has awarded Iris Low Volatility Plus Corporate Member Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

1 Strong

positive_score

1 Regular

positive_score

2 Weak

size

Size

There is insufficient data available for this Key Performance Indicator!

- - Iris Low Volatility Plus Corporate Member Limited

- - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -100%, show it is growing at a slower rate (8.7%)

- - Iris Low Volatility Plus Corporate Member Limited

- - Industry AVG

production

Production

There is insufficient data available for this Key Performance Indicator!

- - Iris Low Volatility Plus Corporate Member Limited

- - Industry AVG

profitability

Profitability

There is insufficient data available for this Key Performance Indicator!

- - Iris Low Volatility Plus Corporate Member Limited

- - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (26)

- - Iris Low Volatility Plus Corporate Member Limited

- - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Iris Low Volatility Plus Corporate Member Limited

- - Industry AVG

efficiency

Efficiency

There is insufficient data available for this Key Performance Indicator!

- - Iris Low Volatility Plus Corporate Member Limited

- - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Iris Low Volatility Plus Corporate Member Limited

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Iris Low Volatility Plus Corporate Member Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Iris Low Volatility Plus Corporate Member Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 63 weeks, this is more cash available to meet short term requirements (18 weeks)

- - Iris Low Volatility Plus Corporate Member Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 82.5%, this is a similar level of debt than the average (81.5%)

- - Iris Low Volatility Plus Corporate Member Limited

- - Industry AVG

IRIS LOW VOLATILITY PLUS CORPORATE MEMBER LIMITED financials

EXPORTms excel logo

Iris Low Volatility Plus Corporate Member Limited's latest turnover from December 2023 is 0 and the company has net assets of £100. According to their latest financial statements, we estimate that Iris Low Volatility Plus Corporate Member Limited has 1 employee and maintains cash reserves of £572 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015
Turnover-4,236,85121,974,669143,00086,00069,00099,000
Other Income Or Grants
Cost Of Sales720
Gross Profit-4,236,85121,974,669143,00086,00069,00098,280
Admin Expenses-10-4,759,78721,449,298149,293170,877151,672122,7453,427
Operating Profit10522,936525,371-6,293-84,877-82,672-24,465-3,427
Interest Payable25
Interest Receivable1542,6609,2406,29384,87882,67324,4653,428
Pre-Tax Profit9,333467,213441,788
Tax-9,333-9,080-8,753
Profit After Tax458,133433,035
Dividends Paid
Retained Profit458,133433,035
Employee Costs
Number Of Employees1-26145111111
EBITDA*10522,936525,371-6,293-84,877-82,672-24,465-3,427

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015
Tangible Assets69,921,53689,058,479103,291,000123,359,00095,816,00077,797,00051,839,00017,606,000
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets69,921,53689,058,479103,291,000123,359,00095,816,00077,797,00051,839,00017,606,000
Stock & work in progress
Trade Debtors1,612,4111,499,26718,315,00021,871,00026,038,00022,444,00020,287,00012,424,000
Group Debtors
Misc Debtors
Cash5722,437,7384,954,0007,632,00015,002,0007,044,0002,742,000
misc current assets35,8032,40822,00027,00054,00098,00028,000
total current assets57214,993,15018,650,64625,381,00031,908,00041,947,00030,115,00023,306,00012,459,000
total assets57284,914,686107,709,125128,672,000155,267,000137,763,000107,912,00075,145,00030,065,000
Bank overdraft
Bank loan
Trade Creditors 25,501,66036,369,17147,370,00059,731,00057,802,00042,035,00028,535,00012,211,000
Group/Directors Accounts
other short term finances440
hp & lease commitments
other current liabilities
total current liabilities47237,565,82550,867,96748,600,00060,752,00060,720,00045,807,00033,610,00012,479,000
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities47,348,76156,841,05880,072,00094,515,00091,736,00062,105,00041,535,00017,586,000
total liabilities47284,914,586107,709,025128,672,000155,267,000152,456,000107,912,00075,145,00030,065,000
net assets100100100-14,693,000
total shareholders funds100100100
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015
Operating Activities
Operating Profit10522,936525,371-6,293-84,877-82,672-24,465-3,427
Depreciation
Amortisation
Tax-9,333-9,080-8,753
Stock
Debtors-1,612,411113,144-16,815,733-3,556,000-4,167,0003,594,0002,157,0007,863,00012,424,000
Creditors-25,501,660-10,867,511-11,000,829-12,361,0001,929,00015,767,00013,500,00016,324,00012,211,000
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations-23,898,572-10,466,7996,331,522-8,811,2936,011,12312,090,32811,318,5358,457,573-213,000
Investing Activities
capital expenditure69,921,53619,136,94314,232,52120,068,000-27,543,000-18,019,000-25,958,000-34,233,000-17,606,000
Change in Investments
cash flow from investments69,921,53619,136,94314,232,52120,068,000-27,543,000-18,019,000-25,958,000-34,233,000-17,606,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans 440
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-458,133-432,935
interest-1042,6609,2406,29384,87882,67324,4653,428
cash flow from financing430-415,473-423,6956,29384,87882,67324,4653,428
cash and cash equivalents
cash572-2,437,738-2,516,262-2,678,000-7,370,0007,958,0004,302,0002,742,000
overdraft
change in cash572-2,437,738-2,516,262-2,678,000-7,370,0007,958,0004,302,0002,742,000

iris low volatility plus corporate member limited 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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Iris Low Volatility Plus Corporate Member Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for iris low volatility plus corporate member limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other established companies, companies in EC3V area or any other competitors across 12 key performance metrics.

iris low volatility plus corporate member limited Ownership

IRIS LOW VOLATILITY PLUS CORPORATE MEMBER LIMITED group structure

Iris Low Volatility Plus Corporate Member Limited has no subsidiary companies.

Ultimate parent company

IRIS LOW VOLAILITY PLUS PURPOSE TRUST

#0112978

IRIS LOW VOLATILITY PLUS CORPORATE MEM

#0053530

2 parents

IRIS LOW VOLATILITY PLUS CORPORATE MEMBER LIMITED

09235474

IRIS LOW VOLATILITY PLUS CORPORATE MEMBER LIMITED Shareholders

iris low volatility plus corporate member holding co ltd 100%

iris low volatility plus corporate member limited directors

Iris Low Volatility Plus Corporate Member Limited currently has 3 directors. The longest serving directors include Mr Edmond Curtin (Oct 2015) and Mr Stephen Foster (Oct 2015).

officercountryagestartendrole
Mr Edmond Curtin59 years Oct 2015- Director
Mr Stephen Foster66 years Oct 2015- Director
Mr Niklaus Hilti55 years Oct 2021- Director

P&L

December 2023

turnover

0

-100%

operating profit

9.7

0%

gross margin

0%

0%

turnover

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

Balance Sheet

December 2023

net assets

100

0%

total assets

572

-1%

cash

572

0%

net assets

Total assets minus all liabilities

iris low volatility plus corporate member limited company details

company number

09235474

Type

Private limited with Share Capital

industry

65120 - Non-life insurance

incorporation date

September 2014

age

11

incorporated

UK

ultimate parent company

IRIS LOW VOLAILITY PLUS PURPOSE TRUST

accounts

Full Accounts

last accounts submitted

December 2023

previous names

barbican corporate member (no.8) limited (October 2015)

accountant

-

auditor

PKF LITTLEJOHN LLP

address

5th floor 70 gracechurch street, london, EC3V 0XL

Bank

LLOYDS TSB BANK PLC

Legal Advisor

-

iris low volatility plus corporate member 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 did not find charges/mortgages relating to iris low volatility plus corporate member limited.

iris low volatility plus corporate member 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.

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iris low volatility plus corporate member limited Companies House Filings - See Documents

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