IRIS CAPITAL LIMITED
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Next accounts due
2027-01-31 (in 8mo)
Last filed for 2025-04-30
Confirmation statement due
2026-07-11 (in 2mo)
Last made up 2025-06-27
Watchouts
None on the register
Cash
£29M
-25% vs 2024
Net assets
£675M
-18.6% vs 2024
Employees
2,000
-2.1% vs 2024
Profit before tax
-£271M
-143.6% vs 2024
Name history
Renamed 2 times since incorporation
- IRIS CAPITAL LIMITED 2012-08-16 → present
- IRIS SOFTWARE GROUP LIMITED 2009-07-21 → 2012-08-16
- SOFTWARE (BIDCO) LIMITED 2007-06-01 → 2009-07-21
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-04-30
| Metric | Trend | 2024-04-30 | 2025-04-30 |
|---|---|---|---|
| Turnover | £127,031,697 | £158,798,876 | |
| Operating profit | -£57,609,064 | -£116,007,627 | |
| Profit before tax | -£111,036,239 | -£270,536,870 | |
| Net profit | -£109,995,924 | -£268,959,315 | |
| Cash | £38,194,663 | £28,635,136 | |
| Total assets less current liabilities | £880,444,528 | £704,515,555 | |
| Net assets | £829,528,244 | £675,471,149 | |
| Equity | £829,528,244 | £675,471,149 | |
| Average employees | 2,042 | 2,000 | |
| 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 | 2024-04-30 | 2025-04-30 |
|---|---|---|---|
| Operating margin | -45.4% | -73.1% | |
| Net margin | -86.6% | -169.4% | |
| Return on capital employed | -6.5% | -16.5% | |
| Current ratio | -3.90x | -3.69x | |
| Interest cover | -1.00x | -0.70x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors believe that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they believe there is no material uncertainty in respect of going concern and continue to adopt the going concern basis in preparing the financial statements for the coming 18 months from the date of this report.”
Group structure
- IRIS CAPITAL LIMITED · parent
- 1Tap App Limited 100%
- Accountants World LLC 100%
- Apex Software Technologies LLC 100%
- APS Global Limited 100%
- Atomic IT Limited 100%
- Blue Octopus Recruitment Limited 100%
- Bridgehead (Europe) Limited 100%
- Bridgehead (UK) Limited 100%
- Conarc Inc 100%
- Creative Solutions Software Corp 100%
- Datacode Tech Limited 100%
- Dataplan Holdings Limited 100%
- Dataplan Payroll Limited 100%
- Dext Australia Pty Limited 100%
- Dext Bidco Limited 100%
- Dext Bulgaria Limited 100%
- Dext Canada Limited 100%
- Dext France S.A.R.L 100%
- Dext Holdco Limited 100%
- Dext Midco Limited 100%
- Dext Software Limited 100%
- Dext South Africa Limited 100%
- Dext Topco Limited 100%
- Doc-It Corp 100%
- Doc-It Inc 100%
- Eurowage Limited 100%
- FMP HR and Payroll Software Limited 100%
- Greenback Inc 100%
- Harper Morris (Payroll) Limited 100%
- Hatch Apps Limited 100%
- HMP Associates Limited 100%
- Hosted Accountants Limited 100%
- Human Capital Management LLC 100%
- Indigo Marketing Limited 100%
- Innervision Management Limited 100%
- IRIS Americas Inc. 100%
- IRIS Business Software Limited 100%
- IRIS Canada Holdings Limited 100%
- IRIS Global Inc. 100%
- IRIS Group Limited 100%
- IRIS Holdings Limited 100%
- IRIS KPO Resourcing (India) Private Limited 56%
- IRIS Payroll Services Limited 100%
- IRIS Payroll Solutions Limited 100%
- IRIS Resourcing Limited 100%
- IRIS Software and Services Inc. 100%
- IRIS Software Technical Centre S.R.L. 100%
- IRIS Software Group Limited 100%
- IRIS Software Limited 100%
- IRIS US Holdings Limited 100%
- iSAMS Limited 100%
- iSAMS Pty Limited 100%
- Kashflow Software Limited 100%
- Kinetic Marketing & Design Limited 100%
- MCN Associates Limited 100%
- Net-Worx (2001) Limited 100%
- Paycheck Plus Payroll Service Ireland Limited 100%
- Paycheck Plus UK Limited 100%
- Payplus Limited 100%
- Phroot Limited 100%
- Practice Engine Systems Inc. 100%
- PSI Payroll Services 100%
- PTP Software Limited 100%
- Receipt BK U.S. Inc 100%
- Sandgate BG Limited 100%
- Sandgate Systems Limited 100%
- School Spider Limited 100%
- Senta SaaS Limited 100%
- Staffology Limited 100%
- IRIS Firm Management Limited 100%
- Sweep Limited 100%
- Swipeclock LLC 100%
- Taxfiller Limited 100%
- The Practice Engine Group Limited 100%
- Troncmasters Limited 100%
- Truancy Call Limited 100%
Significant events
- “On 30 April 2024, the IRIS Group was acquired by a consortium of investors. The completion of the Sale Transaction follows the announcement made on 23 December 2023, where the IRIS Group confirmed it had secured major US investment from Leonard Green & Partners, L.P. (LGP).”
- “On 14 May 2024, we successfully completed the acquisition of Swipeclock LLC ("Swipeclock"), acquiring 100% of its shares for cash consideration of $192 million (£150 million).”
- “During October 2024, we completed the UK acquisition of School Spider Limited ("School Spider"), an all-in-one engagement platform used by 650+ schools across England. The acquisition costing £2.6 million was funded through available cash resources.”
- “On 20 December 2024, IRIS completed its international acquisition of Dext, a leading bookkeeping automation platform provider for total consideration of £637.7 million.”
- “Following the year end, in May 2025, IRIS announced it had made a strategic minority investment in Instead, an AI-powered tax platform.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KELLY, Stephanie Ann | Director | 2025-08-14 | May 1971 | British |
| STRUDWICK, Robert Henry | Director | 2026-01-15 | Apr 1963 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ROBERTS, Neal Anthony | Secretary | 2007-07-03 | 2011-12-21 |
| VELUSSI, Luca | Secretary | 2007-06-01 | 2007-07-03 |
| ALI, Mansoor Anwar | Director | 2011-12-21 | 2012-05-14 |
| COX, Michael David | Director | 2019-02-01 | 2026-01-15 |
| DADY, Kevin Peter | Director | 2015-12-01 | 2024-04-30 |
| DISCOMBE, Nicholas Sanders | Director | 2013-05-31 | 2014-01-28 |
| DISCOMBE, Nicholas Sanders | Director | 2012-05-31 | 2012-07-24 |
| DISCOMBE, Nicholas Sanders | Director | 2009-07-23 | 2011-12-21 |
| DUCKETT, Stephen Patrick | Director | 2007-06-01 | 2011-12-21 |
| HENSKE, Robert Bradshaw | Director | 2009-12-21 | 2011-12-21 |
| KING, Alexander Leslie John | Director | 2009-07-23 | 2011-12-21 |
| KLEINMAN, Blake Christopher | Director | 2010-12-08 | 2011-12-21 |
| LEUW, Martin Philip | Director | 2007-07-03 | 2011-03-01 |
| LEWIS, Mark Jonathan | Director | 2014-01-28 | 2016-09-28 |
| LOCKIE, David James | Director | 2020-11-16 | 2025-05-31 |
| MARNOCH, Alasdair | Director | 2012-07-24 | 2013-05-31 |
| MORTIMER-ZHIKA, Elona, Ms. | Director | 2016-11-07 | 2024-12-20 |
| ROBERTS, Neal Anthony | Director | 2007-07-03 | 2011-12-21 |
| ROBINSON, Phillip David | Director | 2011-12-21 | 2016-01-12 |
| VELUSSI, Luca | Director | 2007-06-01 | 2010-12-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Iris Bidco Limited | Corporate entity | Shares 75–100% | 2019-04-30 | Active |
| Software (Holdco 5) Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2019-04-30 |
Filing timeline
Last 20 of 120 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-11 | AA | accounts | Accounts with accounts type full | |
| 2026-01-15 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-30 | SH01 | capital | Capital allotment shares | |
| 2025-02-05 | AA | accounts | Accounts with accounts type full | |
| 2025-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-23 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-02-03 | AA | accounts | Accounts with accounts type full | |
| 2023-06-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-04 | AA | accounts | Accounts with accounts type full | |
| 2022-07-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-15 | AA | accounts | Accounts with accounts type full | |
| 2021-07-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-03-01 | CH01 | officers | Change person director company with change date | |
| 2021-02-19 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 1
- Officers appointed
- 2
- Officers resigned
- 2
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
FY2024 → FY2025 · period ending 2025-04-30 vs 2024-04-30
-
Turnover
+25%
£127,031,697 £158,798,876
-
Cash
-25%
£38,194,663 £28,635,136
-
Net assets
-18.6%
£829,528,244 £675,471,149
-
Employees
-2.1%
2,042 2,000
-
Operating profit
-101.4%
-£57,609,064 -£116,007,627
-
Profit before tax
-143.6%
-£111,036,239 -£270,536,870
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers