IRIS WORLDWIDE HOLDINGS LIMITED
Get an alert when IRIS WORLDWIDE HOLDINGS LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-30 (in 2mo)
Last made up 2025-07-16
Watchouts
Cash
£5M
-40.7% vs 2023
Net assets
-£32M
-71.1% vs 2023
Employees
483
-19.1% vs 2023
Profit before tax
-£12M
-149.3% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
As detailed within the Strategic Report, the restructuring plan in 2025 will result in several operational entities in the Group being transferred to Cheil Worldwide Inc., the ultimate parent company, and the liquidation of Iris Worldwide Holdings Limited. Accordingly, the directors have determined that the going concern basis of preparation is inappropriate and the financial statements of the Group and Company have been prepared on a basis other than that of a going concern. Under this basis, all assets and liabilities have been reviewed and, where applicable, impaired to their recoverable amounts. Any gains or losses resulting from measuring assets and liabilities to their recoverable amounts are recognised in the Profit and Loss account. Material adjustments that have arisen as a result of preparing the financial statements on a basis other than that of a going concern are disclosed in the relevant notes to the financial statements. As part of the Cheil network, the Company has the financial support of its ultimate parent company, Cheil Worldwide Inc. should it be required, and the directors have received confirmation that the ultimate parent company will continue to support the Company for the orderly wind-up of the Company, if required, through to the liquidation date.
Name history
Renamed 1 time since incorporation
- IRIS WORLDWIDE HOLDINGS LIMITED 2012-10-22 → present
- AGHOCO 1120 LIMITED 2012-07-16 → 2012-10-22
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £117,685,000 | £84,277,000 | |
| Operating profit | -£3,383,000 | -£10,605,000 | |
| Profit before tax | -£5,012,000 | -£12,494,000 | |
| Net profit | -£4,556,000 | -£13,696,000 | |
| Cash | £7,643,000 | £4,535,000 | |
| Total assets less current liabilities | -£4,016,000 | -£5,971,000 | |
| Net assets | -£18,605,000 | -£31,828,000 | |
| Equity | -£18,952,000 | -£32,104,000 | |
| Average employees | 597 | 483 | |
| Wages | £42,315,000 | £34,013,000 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -2.9% | -12.6% | |
| Net margin | -3.9% | -16.3% | |
| Return on capital employed | 84.2% | 177.6% | |
| Gearing (liabilities / total assets) | 140.7% | 202.9% | |
| Current ratio | 0.75x | 0.74x | |
| Interest cover | -1.88x | -5.53x |
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
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“As detailed within the Strategic Report, the restructuring plan in 2025 will result in several operational entities in the Group being transferred to Cheil Worldwide Inc., the ultimate parent company, and the liquidation of Iris Worldwide Holdings Limited. Accordingly, the directors have determined that the going concern basis of preparation is inappropriate and the financial statements of the Group and Company have been prepared on a basis other than that of a going concern. Under this basis, all assets and liabilities have been reviewed and, where applicable, impaired to their recoverable amounts. Any gains or losses resulting from measuring assets and liabilities to their recoverable amounts are recognised in the Profit and Loss account. Material adjustments that have arisen as a result of preparing the financial statements on a basis other than that of a going concern are disclosed in the relevant notes to the financial statements. As part of the Cheil network, the Company has the financial support of its ultimate parent company, Cheil Worldwide Inc. should it be required, and the directors have received confirmation that the ultimate parent company will continue to support the Company for the orderly wind-up of the Company, if required, through to the liquidation date.”
Group structure
- IRIS WORLDWIDE HOLDINGS LIMITED · parent
- Iris Nation Worldwide Limited 100%
- Iris London Limited 100%
- Iris Ventures 1 Limited 100%
- Iris Promotional Marketing Limited 100%
- Iris Digital Limited 100%
- Iris Ventures (Worldwide) Limited 100%
- Iris (USA) Inc 100%
- Iris Americas Inc. 100%
- Iris Atlanta Inc. 100%
- Pepper NA Inc. 100%
- Irisnation Singapore Pte. Ltd 100%
- Iris Worldwide Integrated Marketing Private Limited 99.82%
- Iris Nation Latina S de R L de CV 99.7%
- Holdings BR185 Ltd 100%
- Brazil 185 Participações Ltda 100%
- Iris Router Marketing Ltda 99.99%
- Iris Germany GmbH 100%
- Founded Partners Limited 100%
- Founded Inc. 100%
- Pricing Solutions Ltd 100%
- Iris Services Limited Dooel Skopje 100%
- Iris Worldwide (Thailand) Limited 99.99%
- 89 Degrees, Inc. 100%
- Iris Partners LLP 51%
- WDMP Limited 51%
Significant events
- “A transformative restructuring of its corporate governance framework in 2025, guided by ultimate parent company Cheil Worldwide Inc., towards enhancing operational efficiencies and aligning the organisation with global market dynamics.”
- “The restructuring plan aims to consolidate legal entities, streamlining to 10 operational entities transferred to Cheil Worldwide Inc., phasing out non-essential, dormant subsidiaries including Iris Worldwide Holdings Limited.”
- “On 1 June 2025, several subsidiaries were sold from the Group to Cheil Worldwide Inc., including Iris London Limited, Iris Worldwide Integrated Marketing Private Ltd, Iris Services Limited Dooel Skopje, Pricing Solutions Ltd, Iris Germany GmbH, 89 Degrees, Inc., Iris Atlanta Inc., Pepper NA Inc. Irisnation Singapore Pte. Ltd was sold to Cheil Singapore Pte. Ltd.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 25 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KEE, Minsoo, Mr. | Director | 2025-01-01 | Mar 1970 | South Korean |
| KIM, Honggun | Director | 2025-11-04 | Oct 1984 | South Korean |
| KIM, Tai Hai | Director | 2023-12-08 | Nov 1969 | South Korean |
| PARK, Daehoon, Mr. | Director | 2025-01-01 | Sep 1975 | South Korean |
| SHIN, Jaeho, Mr. | Director | 2020-03-24 | Aug 1970 | South Korean |
Show 25 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HAMMOND, Fiona | Secretary | 2012-12-05 | 2017-08-31 |
| A G SECRETARIAL LIMITED | Corporate Secretary | 2012-07-16 | 2013-01-29 |
| BAEK, Hoon | Director | 2015-01-30 | 2018-08-01 |
| BAINSFAIR, Paul Jeffrey | Director | 2012-09-20 | 2014-12-31 |
| BELL, Stephen Alan | Director | 2020-03-24 | 2023-06-30 |
| BOUGHTON, Oliver Estanislao George | Director | 2020-03-24 | 2022-09-30 |
| BROWN, David | Director | 2012-09-20 | 2015-01-30 |
| HARGREAVES, Simon John | Director | 2012-09-20 | 2020-03-24 |
| HART, Roger | Director | 2012-07-16 | 2012-09-20 |
| KIM, Cheon Soo | Director | 2015-01-30 | 2016-04-05 |
| KIM, Hyung Koo | Director | 2020-12-14 | 2024-12-31 |
| KIM, Jong Hyun | Director | 2018-08-01 | 2022-01-26 |
| KIM, Seok Pil | Director | 2016-04-05 | 2018-08-01 |
| LEE, Hwa Jun | Director | 2023-02-01 | 2024-12-31 |
| LEE, Taewon | Director | 2018-08-01 | 2020-12-14 |
| MILLNER, Ian Richard | Director | 2012-09-20 | 2026-03-26 |
| PARK, Chan Hyoung | Director | 2015-01-30 | 2020-03-24 |
| PARK, Sunghyeuck | Director | 2016-04-05 | 2023-12-08 |
| RA, Sungchan Chan | Director | 2015-01-30 | 2016-04-05 |
| REYNOLDS, Sean | Director | 2012-09-20 | 2015-01-30 |
| SHANLEY, Stewart Charles | Director | 2012-10-03 | 2020-03-24 |
| SO, Byung Hoon | Director | 2022-01-26 | 2023-02-01 |
| ZIESER, John Stanley | Director | 2012-09-20 | 2015-01-30 |
| A G SECRETARIAL LIMITED | Corporate Director | 2012-07-16 | 2012-09-20 |
| INHOCO FORMATIONS LIMITED | Corporate Nominee Director | 2012-07-16 | 2012-09-20 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 179 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-22 | CH01 | officers | Change person director company with change date | |
| 2025-11-11 | CH01 | officers | Change person director company with change date | |
| 2025-11-11 | CH01 | officers | Change person director company with change date | |
| 2025-11-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-22 | AA | accounts | Accounts with accounts type group | |
| 2025-08-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-20 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-20 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-17 | AA | accounts | Accounts with accounts type group | |
| 2024-07-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-07 | CH01 | officers | Change person director company with change date | |
| 2024-02-07 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-02 | AA | accounts | Accounts with accounts type group | |
| 2023-07-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-12 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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 2024-12-31 vs 2023-12-31
-
Turnover
-28.4%
£117,685,000 £84,277,000
-
Cash
-40.7%
£7,643,000 £4,535,000
-
Net assets
-71.1%
-£18,605,000 -£31,828,000
-
Employees
-19.1%
597 483
-
Operating profit
-213.5%
-£3,383,000 -£10,605,000
-
Profit before tax
-149.3%
-£5,012,000 -£12,494,000
-
Wages
-19.6%
£42,315,000 £34,013,000
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