IONIAN ISLAND HOLIDAYS LTD
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-10-31
Confirmation statement due
2027-04-22 (in 11mo)
Last made up 2026-04-08
Watchouts
Cash
£7M
+17.3% highest in 7 filed years
Net assets
£5M
+29% highest in 6 filed years
Employees
13
0% vs 2023
Profit before tax
£2M
+55.9% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
10-year trend · vs Technology median
Accounts
10-year trend · latest reflected 2024-10-31
| Metric | Trend | 2019-10-31 | 2019-11-01 | 2020-10-31 | 2020-11-01 | 2021-10-31 | 2021-11-01 | 2022-10-31 | 2022-11-01 | 2023-10-31 | 2024-10-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | £14,802,239 | — | £14,716,189 | £15,699,583 | |
| Operating profit | — | — | — | — | — | — | £2,503,253 | — | £1,175,137 | £1,628,382 | |
| Profit before tax | — | — | — | — | — | — | £2,475,396 | — | £1,102,986 | £1,720,083 | |
| Net profit | £468,363 | — | -£328,005 | — | £111,474 | — | £2,005,838 | — | £851,616 | £1,280,656 | |
| Cash | £2,813,949 | — | £3,259,339 | — | £4,476,651 | — | £6,286,587 | £6,286,587 | £5,704,275 | £6,692,564 | |
| Total assets less current liabilities | £1,720,543 | — | £2,400,897 | — | £2,824,032 | — | £4,465,100 | — | £4,898,784 | £5,800,355 | |
| Net assets | £1,713,654 | — | £1,281,649 | — | £1,393,123 | — | £3,394,961 | — | £4,172,577 | £5,383,233 | |
| Equity | £1,713,654 | £1,713,654 | £1,281,649 | £1,281,649 | £1,393,123 | £1,393,123 | £3,394,961 | £3,394,961 | £4,172,577 | £5,383,233 | |
| Average employees | 15 | — | 12 | — | 12 | — | 12 | — | 13 | 13 | |
| Wages | — | — | — | — | — | — | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-10-31 | 2019-11-01 | 2020-10-31 | 2020-11-01 | 2021-10-31 | 2021-11-01 | 2022-10-31 | 2022-11-01 | 2023-10-31 | 2024-10-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | 16.9% | — | 8.0% | 10.4% | |
| Net margin | — | — | — | — | — | — | 13.6% | — | 5.8% | 8.2% | |
| Return on capital employed | — | — | — | — | — | — | 56.1% | — | 24.0% | 28.1% | |
| Interest cover | — | — | — | — | — | — | 73.83x | — | 16.29x | 26.40x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Xeinadin Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors remain confident in the company's ability to operate as a going concern, supported by robust cash flows and prudent financial management.”
Group structure
- IONIAN ISLAND HOLIDAYS LTD · parent
- Ionian Island (Flights) Limited 1%
Significant events
- “Despite challenging trading conditions, including the disruptive effects of the UK's July general election, the Summer Olympics, and the UEFA Euro Championships, the company achieved notable growth in both turnover and profitability.”
- “Reduced early and late-season flight commitments. Secured favourable fuel rates for committed flights. Hedged currency requirements to minimise exposure to foreign exchange volatility.”
- “Continued pursuit of favourable contracts with accommodation and service providers to ensure competitive pricing.”
- “Flooding in Pelion (Early September): The region experienced severe flooding in early September, leading to substantial damage to our resorts in the area. This natural disaster necessitated the complete shutdown of the resort for the remainder of the season. As a result, the Company incurred considerable losses due to: • The financial impact of transferring clients to alternative resorts as well as processing cancellations of bookings. • Loss of revenue for the period the resort remained non-operational. 2. Forest Fires in Northeast Corfu (4th July): A significant forest fire in the northeast part of Corfu posed a risk to the resort and the safety of guests. To ensure their well-being as a precautionary measure the Company promptly relocated all customers to safer locations. This emergency led to additional costs, including • Transportation and accommodation expenses for relocated guests. • Refunds to affected customers.”
- “On 13 August 2024 Ionian 1 Limited acquired the entire share capital by way of a group restructuring process.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MATSOUKIS, Alexandros | Director | 2002-05-21 | Sep 1981 | Greek |
| PATRIKIOS, Dimitrios | Director | 2002-05-21 | Feb 1963 | Greek |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| NEILSON, Heidi Susan | Secretary | 2002-01-14 | 2013-11-05 |
| APPLETON SECRETARIES LIMITED | Corporate Nominee Secretary | 2002-01-14 | 2002-01-14 |
| NEILSON, Barrie Edward | Director | 2002-01-14 | 2013-11-05 |
| APPLETON DIRECTORS LIMITED | Corporate Nominee Director | 2002-01-14 | 2002-01-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ionian 1 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-08-13 | Active |
| Iih Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2024-08-13 |
Filing timeline
Last 20 of 90 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-24 | AA01 | accounts | Change account reference date company current shortened | |
| 2025-07-29 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-23 | AA | accounts | Accounts with accounts type full | |
| 2025-06-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-08-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-08-13 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-06-24 | AA | accounts | Accounts with accounts type full | |
| 2024-04-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-21 | AA | accounts | Accounts with accounts type small | |
| 2023-02-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-02 | CH01 | officers | Change person director company with change date | |
| 2022-07-13 | AA | accounts | Accounts with accounts type small | |
| 2022-03-21 | AAMD | accounts | Accounts amended with accounts type small | |
| 2022-02-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-02-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-21 | AA | accounts | Accounts with accounts type small | |
| 2021-01-21 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-10-31 vs 2023-10-31
-
Turnover
+6.7%
£14,716,189 £15,699,583
highest in 3 filed years
-
Cash
+17.3%
£5,704,275 £6,692,564
highest in 7 filed years
-
Net assets
+29%
£4,172,577 £5,383,233
highest in 6 filed years
-
Employees
0%
13 13
-
Operating profit
+38.6%
£1,175,137 £1,628,382
-
Profit before tax
+55.9%
£1,102,986 £1,720,083
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers