irisi
irisi Company Information
Company Number
10636197
Website
-Registered Address
c/o godfrey wilson limited, 5th floor, mariner house, bristol, BS1 4QD
Industry
Other social work activities without accommodation n.e.c.
Telephone
08002000247
Next Accounts Due
December 2025
Group Structure
View All
Shareholders
-0%
irisi Estimated Valuation
Pomanda estimates the enterprise value of IRISI at £1.5m based on a Turnover of £2.5m and 0.57x industry multiple (adjusted for size and gross margin).
irisi Estimated Valuation
Pomanda estimates the enterprise value of IRISI at £138.2k based on an EBITDA of £31.6k and a 4.37x industry multiple (adjusted for size and gross margin).
irisi Estimated Valuation
Pomanda estimates the enterprise value of IRISI at £510k based on Net Assets of £162.4k and 3.14x industry multiple (adjusted for liquidity).
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Irisi Overview
Irisi is a live company located in bristol, BS1 4QD with a Companies House number of 10636197. It operates in the other social work activities without accommodation n.e.c. sector, SIC Code 88990. Founded in February 2017, it's largest shareholder is unknown. Irisi is a young, small sized company, Pomanda has estimated its turnover at £2.5m with rapid growth in recent years.
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Irisi Health Check
Pomanda's financial health check has awarded Irisi a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £2.5m, make it larger than the average company (£464.6k)
- Irisi
£464.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 94%, show it is growing at a faster rate (6.4%)
- Irisi
6.4% - Industry AVG
Production
with a gross margin of 44.9%, this company has a comparable cost of product (44.9%)
- Irisi
44.9% - Industry AVG
Profitability
an operating margin of 1.1% make it less profitable than the average company (4.7%)
- Irisi
4.7% - Industry AVG
Employees
with 15 employees, this is similar to the industry average (13)
15 - Irisi
13 - Industry AVG
Pay Structure
on an average salary of £24.7k, the company has an equivalent pay structure (£24.7k)
- Irisi
£24.7k - Industry AVG
Efficiency
resulting in sales per employee of £170k, this is more efficient (£39.7k)
- Irisi
£39.7k - Industry AVG
Debtor Days
it gets paid by customers after 28 days, this is later than average (15 days)
- Irisi
15 days - Industry AVG
Creditor Days
its suppliers are paid after 30 days, this is slower than average (4 days)
- Irisi
4 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Irisi
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 44 weeks, this is less cash available to meet short term requirements (259 weeks)
44 weeks - Irisi
259 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 76.9%, this is a higher level of debt than the average (10.9%)
76.9% - Irisi
10.9% - Industry AVG
IRISI financials
Irisi's latest turnover from March 2024 is estimated at £2.5 million and the company has net assets of £162.4 thousand. According to their latest financial statements, Irisi has 15 employees and maintains cash reserves of £463.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Turnover | |||||||
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | |||||||
| Interest Payable | |||||||
| Interest Receivable | |||||||
| Pre-Tax Profit | |||||||
| Tax | |||||||
| Profit After Tax | |||||||
| Dividends Paid | |||||||
| Retained Profit | |||||||
| Employee Costs | |||||||
| Number Of Employees | 15 | 15 | 13 | 11 | 8 | 6 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,534 | 7,326 | 7,520 | 2,625 | 2,275 | 1,707 | 1,500 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,534 | 7,326 | 7,520 | 2,625 | 2,275 | 1,707 | 1,500 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 200,137 | 75,476 | 7,346 | 21,475 | 72,312 | 111,579 | 79,367 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 34,767 | 10,962 | 127,564 | 3,409 | 28,866 | 8,393 | 0 |
| Cash | 463,531 | 166,004 | 451,705 | 535,873 | 513,431 | 185,561 | 87,034 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 698,435 | 252,442 | 586,615 | 560,757 | 614,609 | 305,533 | 166,401 |
| total assets | 702,969 | 259,768 | 594,135 | 563,382 | 616,884 | 307,240 | 167,901 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 118,104 | 51,721 | 110,746 | 501 | 6,204 | 2,465 | 2,744 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 422,504 | 79,093 | 299,999 | 288,183 | 347,820 | 108,086 | 11,530 |
| total current liabilities | 540,608 | 130,814 | 410,745 | 288,684 | 354,024 | 110,551 | 14,274 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 540,608 | 130,814 | 410,745 | 288,684 | 354,024 | 110,551 | 14,274 |
| net assets | 162,361 | 128,954 | 183,390 | 274,698 | 262,860 | 196,689 | 153,627 |
| total shareholders funds | 162,361 | 128,954 | 183,390 | 274,698 | 262,860 | 196,689 | 153,627 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 2,792 | 2,894 | 1,525 | 1,698 | 1,166 | 732 | 499 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 148,466 | -48,472 | 110,026 | -76,294 | -18,794 | 40,605 | 79,367 |
| Creditors | 66,383 | -59,025 | 110,245 | -5,703 | 3,739 | -279 | 2,744 |
| Accruals and Deferred Income | 343,411 | -220,906 | 11,816 | -59,637 | 239,734 | 96,556 | 11,530 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 297,527 | -285,701 | -84,168 | 22,442 | 327,870 | 98,527 | 87,034 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 297,527 | -285,701 | -84,168 | 22,442 | 327,870 | 98,527 | 87,034 |
irisi Credit Report and Business Information
Irisi Competitor Analysis
Perform a competitor analysis for irisi by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in BS1 area or any other competitors across 12 key performance metrics.
irisi Ownership
IRISI group structure
Irisi has no subsidiary companies.
Ultimate parent company
IRISI
10636197
irisi directors
Irisi currently has 6 directors. The longest serving directors include Mr Andrew Wilson (Feb 2017) and Professor Gene Feder (Feb 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Wilson | 51 years | Feb 2017 | - | Director | |
| Professor Gene Feder | England | 71 years | Feb 2017 | - | Director |
| Ms Jacqueline Gantley | United Kingdom | 66 years | Jun 2021 | - | Director |
| Ms Daphne Amevenu | England | 34 years | Jun 2021 | - | Director |
| Ms Mariah Kelly | United Kingdom | 27 years | Sep 2023 | - | Director |
| Mr Rowan Jackson-Smith | United Kingdom | 34 years | Feb 2024 | - | Director |
P&L
March 2024turnover
2.5m
+150%
operating profit
28.8k
0%
gross margin
45%
-0.03%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
162.4k
+0.26%
total assets
703k
+1.71%
cash
463.5k
+1.79%
net assets
Total assets minus all liabilities
irisi company details
company number
10636197
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
88990 - Other social work activities without accommodation n.e.c.
incorporation date
February 2017
age
7
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
March 2024
address
c/o godfrey wilson limited, 5th floor, mariner house, bristol, BS1 4QD
accountant
GODFREY WILSON LIMITED
auditor
-
irisi 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 irisi.
irisi Companies House Filings - See Documents
| date | description | view/download |
|---|
