iris care group limited
iris care group limited Company Information
Company Number
12485767
Next Accounts
Jan 2026
Shareholders
ancala infrastructure fund ii scsp
matthew western
View AllGroup Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
unit 1 castleton court, fortran road, st mellons, cardiff, CF3 0LT
Website
ancala.comiris care group limited Estimated Valuation
Pomanda estimates the enterprise value of IRIS CARE GROUP LIMITED at £185.5m based on a Turnover of £85.3m and 2.17x industry multiple (adjusted for size and gross margin).
iris care group limited Estimated Valuation
Pomanda estimates the enterprise value of IRIS CARE GROUP LIMITED at £122.7m based on an EBITDA of £13.5m and a 9.08x industry multiple (adjusted for size and gross margin).
iris care group limited Estimated Valuation
Pomanda estimates the enterprise value of IRIS CARE GROUP LIMITED at £12.2m based on Net Assets of £9.3m and 1.31x industry multiple (adjusted for liquidity).
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Iris Care Group Limited Overview
Iris Care Group Limited is a live company located in st mellons, CF3 0LT with a Companies House number of 12485767. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in February 2020, it's largest shareholder is ancala infrastructure fund ii scsp with a 96.5% stake. Iris Care Group Limited is a young, large sized company, Pomanda has estimated its turnover at £85.3m with rapid growth in recent years.
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Iris Care Group Limited Health Check
Pomanda's financial health check has awarded Iris Care Group Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs
8 Strong
1 Regular
3 Weak
Size
annual sales of £85.3m, make it larger than the average company (£19.6m)
£85.3m - Iris Care Group Limited
£19.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 55%, show it is growing at a faster rate (12.1%)
55% - Iris Care Group Limited
12.1% - Industry AVG
Production
with a gross margin of 28.6%, this company has a comparable cost of product (34.7%)
28.6% - Iris Care Group Limited
34.7% - Industry AVG
Profitability
an operating margin of 9.9% make it more profitable than the average company (4.6%)
9.9% - Iris Care Group Limited
4.6% - Industry AVG
Employees
with 1719 employees, this is above the industry average (106)
1719 - Iris Care Group Limited
106 - Industry AVG
Pay Structure
on an average salary of £29.6k, the company has a lower pay structure (£44.9k)
£29.6k - Iris Care Group Limited
£44.9k - Industry AVG
Efficiency
resulting in sales per employee of £49.6k, this is less efficient (£194k)
£49.6k - Iris Care Group Limited
£194k - Industry AVG
Debtor Days
it gets paid by customers after 27 days, this is earlier than average (44 days)
27 days - Iris Care Group Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 16 days, this is quicker than average (43 days)
16 days - Iris Care Group Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (37 days)
0 days - Iris Care Group Limited
37 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 30 weeks, this is more cash available to meet short term requirements (13 weeks)
30 weeks - Iris Care Group Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94.4%, this is a higher level of debt than the average (68.4%)
94.4% - Iris Care Group Limited
68.4% - Industry AVG
IRIS CARE GROUP LIMITED financials
Iris Care Group Limited's latest turnover from April 2024 is £85.3 million and the company has net assets of £9.3 million. According to their latest financial statements, Iris Care Group Limited has 1,719 employees and maintains cash reserves of £7.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | |
|---|---|---|---|---|
| Turnover | 85,339,153 | 77,977,487 | 41,991,121 | 22,779,515 |
| Other Income Or Grants | ||||
| Cost Of Sales | 60,904,555 | 57,315,449 | 30,006,059 | 14,977,458 |
| Gross Profit | 24,434,598 | 20,662,038 | 11,985,062 | 7,802,057 |
| Admin Expenses | 15,978,837 | 16,157,287 | 10,632,314 | 6,459,339 |
| Operating Profit | 8,455,761 | 4,504,751 | 1,352,748 | 1,342,718 |
| Interest Payable | 13,472,690 | 10,159,685 | 5,895,978 | 3,090,277 |
| Interest Receivable | 3,467 | 224 | ||
| Pre-Tax Profit | -5,815,116 | -5,216,874 | -7,322,763 | -1,747,335 |
| Tax | -1,319,194 | -1,240,021 | -566,222 | -118,520 |
| Profit After Tax | -7,134,310 | -6,456,895 | -7,888,985 | -1,865,855 |
| Dividends Paid | ||||
| Retained Profit | -7,134,310 | -6,456,895 | -7,888,985 | -1,865,855 |
| Employee Costs | 50,913,946 | 40,731,692 | 20,493,365 | 12,708,982 |
| Number Of Employees | 1,719 | 1,488 | 807 | 456 |
| EBITDA* | 13,508,277 | 9,294,935 | 4,568,721 | 3,725,083 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | |
|---|---|---|---|---|
| Tangible Assets | 128,158,111 | 127,831,508 | 127,296,785 | 30,159,239 |
| Intangible Assets | 21,779,926 | 24,909,553 | 27,539,802 | 13,589,248 |
| Investments & Other | ||||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 149,938,037 | 152,741,061 | 154,836,587 | 43,748,487 |
| Stock & work in progress | 56,520 | 56,520 | 56,520 | |
| Trade Debtors | 6,429,142 | 6,746,680 | 4,905,014 | 798,625 |
| Group Debtors | ||||
| Misc Debtors | 1,637,506 | 4,164,857 | 2,722,558 | 1,678,137 |
| Cash | 7,354,793 | 10,920,146 | 14,000,565 | 10,691,991 |
| misc current assets | ||||
| total current assets | 15,477,961 | 21,888,203 | 21,684,657 | 13,168,753 |
| total assets | 165,415,998 | 174,629,264 | 176,521,244 | 56,917,240 |
| Bank overdraft | ||||
| Bank loan | 1,312,125 | 31,657,489 | 2,404,596 | |
| Trade Creditors | 2,725,028 | 3,493,059 | 2,965,908 | 751,199 |
| Group/Directors Accounts | ||||
| other short term finances | 334,000 | |||
| hp & lease commitments | 30,206 | 30,206 | 63,484 | 6,692 |
| other current liabilities | 8,333,101 | 6,772,017 | 7,024,891 | 5,361,424 |
| total current liabilities | 12,400,460 | 41,952,771 | 12,792,879 | 6,119,315 |
| loans | 124,725,557 | 97,657,945 | 122,647,392 | 38,465,906 |
| hp & lease commitments | 43,837 | 76,706 | 110,030 | 6,582 |
| Accruals and Deferred Income | ||||
| other liabilities | 1,923,553 | 1,923,553 | 1,923,553 | |
| provisions | 16,992,212 | 16,553,600 | 16,125,806 | 3,006,286 |
| total long term liabilities | 143,685,159 | 116,211,804 | 140,806,781 | 41,478,774 |
| total liabilities | 156,085,619 | 158,164,575 | 153,599,660 | 47,598,089 |
| net assets | 9,330,379 | 16,464,689 | 22,921,584 | 9,319,151 |
| total shareholders funds | 9,330,379 | 16,464,689 | 22,921,584 | 9,319,151 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | 8,455,761 | 4,504,751 | 1,352,748 | 1,342,718 |
| Depreciation | 1,778,284 | 1,575,945 | 999,934 | 587,559 |
| Amortisation | 3,274,232 | 3,214,239 | 2,216,039 | 1,794,806 |
| Tax | -1,319,194 | -1,240,021 | -566,222 | -118,520 |
| Stock | 56,520 | |||
| Debtors | -2,844,889 | 3,283,965 | 5,150,810 | 2,476,762 |
| Creditors | -768,031 | 527,151 | 2,214,709 | 751,199 |
| Accruals and Deferred Income | 1,561,084 | -252,874 | 1,663,467 | 5,361,424 |
| Deferred Taxes & Provisions | 438,612 | 427,794 | 13,119,520 | 3,006,286 |
| Cash flow from operations | 16,265,637 | 5,473,020 | 15,792,865 | 10,248,710 |
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | ||||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | -30,345,364 | 29,252,893 | 2,404,596 | |
| Group/Directors Accounts | ||||
| Other Short Term Loans | -334,000 | 334,000 | ||
| Long term loans | 27,067,612 | -24,989,447 | 84,181,486 | 38,465,906 |
| Hire Purchase and Lease Commitments | -32,869 | -66,602 | 160,240 | 13,274 |
| other long term liabilities | 1,923,553 | |||
| share issue | ||||
| interest | -13,472,690 | -10,159,685 | -5,892,511 | -3,090,053 |
| cash flow from financing | -16,783,311 | -6,296,841 | 104,602,782 | 46,574,133 |
| cash and cash equivalents | ||||
| cash | -3,565,353 | -3,080,419 | 3,308,574 | 10,691,991 |
| overdraft | ||||
| change in cash | -3,565,353 | -3,080,419 | 3,308,574 | 10,691,991 |
iris care group limited Credit Report and Business Information
Iris Care Group Limited Competitor Analysis
Perform a competitor analysis for iris care group limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in CF3 area or any other competitors across 12 key performance metrics.
iris care group limited Ownership
IRIS CARE GROUP LIMITED group structure
Iris Care Group Limited has 1 subsidiary company.
Ultimate parent company
ANCALA INFRASTRUCTURE FUND II SCSP
#0117236
1 parent
IRIS CARE GROUP LIMITED
12485767
1 subsidiary
iris care group limited directors
Iris Care Group Limited currently has 7 directors. The longest serving directors include Mr Spence Clunie (Feb 2020) and Mr Spence Clunie (Feb 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Spence Clunie | England | 52 years | Feb 2020 | - | Director |
| Mr Spence Clunie | United Kingdom | 52 years | Feb 2020 | - | Director |
| Mr Timothy Power | United Kingdom | 38 years | Feb 2020 | - | Director |
| Mr Timothy Power | United Kingdom | 38 years | Feb 2020 | - | Director |
| Mr Rodney Correia | England | 69 years | Mar 2020 | - | Director |
| Mr Matthew Western | England | 51 years | Mar 2020 | - | Director |
| Mr Ashley Hough | United Kingdom | 41 years | Apr 2020 | - | Director |
P&L
April 2024turnover
85.3m
+9%
operating profit
8.5m
+88%
gross margin
28.7%
+8.06%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
9.3m
-0.43%
total assets
165.4m
-0.05%
cash
7.4m
-0.33%
net assets
Total assets minus all liabilities
Similar Companies
iris care group limited company details
company number
12485767
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
February 2020
age
5
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
April 2024
previous names
ancala care topco limited (May 2023)
ancala topco limited (April 2020)
accountant
-
auditor
HAZLEWOODS LLP
address
unit 1 castleton court, fortran road, st mellons, cardiff, CF3 0LT
Bank
-
Legal Advisor
-
iris care group 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 care group limited.
iris care group limited Capital Raised & Share Issues BETA
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iris care group limited Companies House Filings - See Documents
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