IGLUFASTNET LIMITED
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Next accounts due
2027-03-31 (in 10mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-04 (in 1mo)
Last made up 2025-05-21
Watchouts
Cash
£34M
Latest balance sheet
Net assets
-£191M
Equity attributable
Employees
379
Average over period
Profit before tax
-£15M
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2024-05-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £121,137,198 | £77,268,510 | |
| Operating profit | £5,929,218 | -£366,957 | |
| Profit before tax | -£33,637,385 | -£15,315,425 | |
| Net profit | -£30,811,796 | -£15,709,458 | |
| Cash | £24,470,494 | £34,487,264 | |
| Total assets less current liabilities | £41,689,092 | -£172,839,853 | |
| Net assets | -£175,626,764 | -£191,336,222 | |
| Equity | -£175,626,764 | -£191,336,222 | |
| Average employees | 352 | 379 | |
| Wages | £16,784,991 | £13,173,863 |
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 | 2024-05-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 4.9% | -0.5% | |
| Net margin | -25.4% | -20.3% | |
| Return on capital employed | 14.2% | 0.2% | |
| Gearing (liabilities / total assets) | 201.5% | 204.4% | |
| Current ratio | 1.13x | 0.44x | |
| Interest cover | 0.45x | -0.05x |
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
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements of the group and company have been prepared on a going concern basis. In assessing whether preparation on this basis is valid, the directors have considered current trading results and future trading and cash flow forecasts for the next two years. The Directors have a reasonable expectation that Iglufastnet Limited has adequate resources to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the accounts.”
Group structure
- IGLUFASTNET LIMITED · parent
- IGLU.COM Bidco Limited 100%
- IGLU.COM Holdco Limited 100%
- IGLU.COM Holidays Limited 97.86%
- IGLU.COM Limited 97.86%
- IGLU.COM Manco Limited 100%
- IGLU.COM Midco Limited 100%
- IGLU.COM Transport Limited 97.86%
- IGLU.COM Trustees Limited 97.86%
- Planet Cruise Limited 97.86%
Significant events
- “On 10 December 2025, 100% of the share capital of IgluFastnet Limited was acquired by Flight Centre Travel Group (European Holdings) Limited, a company registered in England and Wales. The total consideration was £100m, with a further £27m contingent upon the achievement of specific performance-based earn-out targets. The ultimate parent undertaking and controlling party became Flight Centre Travel Group Limited, a company incorporated in Australia and listed on the Australian Securities Exchange (ASX: FLT). The group's borrowings were settled in full as part of the acquisition process.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MURRAY, Adam | Secretary | 2025-12-10 | — | — |
| GOOCH, David Stephen Leeds | Director | 2022-01-18 | May 1978 | British |
| KAVANAGH, James | Director | 2025-12-10 | Dec 1977 | Australian |
| MURRAY, Adam | Director | 2025-12-10 | May 1973 | British |
| VINCENT, Lorna Jayne | Director | 2015-06-12 | May 1970 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| VINCENT, Lorna Jayne | Secretary | 2015-05-21 | 2025-12-10 |
| ANDREWS, David William | Director | 2017-11-03 | 2025-12-10 |
| BAILEY-WILLIAMS, Martyn Courtney | Director | 2015-05-21 | 2019-05-07 |
| CLARK, Simone Louise | Director | 2015-05-21 | 2022-05-11 |
| DOWNS, Richard Sidney John | Director | 2015-05-21 | 2025-12-10 |
| HURLEY, Chris | Director | 2015-06-12 | 2024-10-15 |
| LANDSMAN, Paul Stewart | Director | 2015-06-12 | 2017-01-11 |
| ROSENBERGER, Ottokar | Director | 2018-03-01 | 2019-12-11 |
| WILLS, Greg | Director | 2015-06-12 | 2025-12-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Flight Centre Travel Group (European Holdings) Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-12-10 | Active |
| Ldc (Managers) Limited | Corporate entity | Shares 50–75%, Voting 25–50% | 2016-04-06 | Ceased 2025-12-10 |
| Mr Richard Sidney John Downs | Individual | Shares 25–50% | 2016-04-06 | Ceased 2025-11-24 |
Filing timeline
Last 20 of 105 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-01-03 MA Memorandum articles
- 2026-01-03 RESOLUTIONS Resolution
- 2026-01-03 MA Memorandum articles
- 2026-01-03 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-06 | AA01 | accounts | Change account reference date company current extended | |
| 2026-02-17 | ANNOTATION | miscellaneous | Legacy | |
| 2026-02-17 | ANNOTATION | miscellaneous | Legacy | |
| 2026-02-17 | ANNOTATION | miscellaneous | Legacy | |
| 2026-01-08 | AA | accounts | Accounts with accounts type group | |
| 2026-01-03 | MA | incorporation | Memorandum articles | |
| 2026-01-03 | RESOLUTIONS | resolution | Resolution | |
| 2026-01-03 | MA | incorporation | Memorandum articles | |
| 2026-01-03 | RESOLUTIONS | resolution | Resolution | |
| 2026-01-03 | SH10 | capital | Capital variation of rights attached to shares | |
| 2025-12-28 | SH08 | capital | Capital name of class of shares | |
| 2025-12-23 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-12-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-23 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-12-23 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-12-23 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 2
- Officers appointed
- 3
- Officers resigned
- 4
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 → FY2024 · period ending 2024-12-31 vs 2024-05-31