IRIDIUM TOPCO LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-17 (in 2mo)
Last made up 2025-07-03
Watchouts
Cash
£5M
-20.7% vs 2023
Net assets
-£170M
-23.2% vs 2023
Employees
240
-9.4% vs 2023
Profit before tax
-£31M
-11.1% vs 2023
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.
Name history
Renamed 1 time since incorporation
- IRIDIUM TOPCO LIMITED 2016-09-09 → present
- HAMSARD 3410 LIMITED 2016-06-20 → 2016-09-09
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 | £41,630,000 | £41,410,000 | |
| Operating profit | -£6,250,000 | -£4,358,000 | |
| Profit before tax | -£27,552,000 | -£30,617,000 | |
| Net profit | -£28,294,000 | -£30,655,000 | |
| Cash | £6,381,000 | £5,061,000 | |
| Total assets less current liabilities | £54,615,000 | £37,884,000 | |
| Net assets | -£137,692,000 | -£169,671,000 | |
| Equity | -£137,692,000 | -£169,671,000 | |
| Average employees | 265 | 240 | |
| Wages | £14,279,000 | £12,825,000 |
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 | -15.0% | -10.5% | |
| Net margin | -68.0% | -74.0% | |
| Return on capital employed | -11.4% | -11.5% | |
| Current ratio | 1.11x | 0.83x | |
| Interest cover | -0.29x | -0.16x |
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
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have considered the ability of the Group to continue in operational existence for the foreseeable future as well as the relevant business and financial risks. The Group's debt maturity has been extended to 31 March 2027. The Group continues to adopt the going concern basis in preparing its financial statements.”
Group structure
- IRIDIUM TOPCO LIMITED · parent
- IMD Media Limited 100%
- Iridium Midco Limited 100%
- Optimad Media Systems Limited 100%
- IMD Media Limited 100%
- IMD Media Limited 100%
- IMD Media Pte. Ltd. 100%
- EI Media Network Pvt. Ltd. 100%
- Yi Chuan Information Technology (Shanghai) Co. Ltd 100%
- IMD Media PTY. Ltd. 100%
- IMD Global Media Spain S.L. 100%
- Mediatel Audiotrack Limited 50%
- Honeycomb.tv Limited 100%
- Transmision Y Almacenamiento A Mas V S.A 100%
- Cape.io Japan KK 100%
- A+ V (Peru) SAC 60%
- A Mas V SAS 100%
- AMASV Zarpa Transmissao e Armazenamento de Dados S.A. 99.9%
- AMÁSV Brasil Transmissão e Armazenamento de Dados Ltda. 99.9%
- Trasmisión y Almacenamiento A+V Sociedad Anonima de Capital Variable 100%
- Transmisión y Almacenamiento A Mas V AVTransmisión S.A. 55%
- Transmisión y Almacenamiento A Mas V S.R.L. 60%
- Adtoox AB 100%
- Adtoox srl 100%
- Advalidation AB 100%
- Adtoox International AB 100%
- Adtoox Soluciones Technologies LTDA. 100%
- Adtoox SP Zoo 100%
- byCape Holding B.V. 90%
- ByCape B.V. 100%
- ProductsbyCape B.V. 100%
- Cape.io Inc 100%
Significant events
- “On the 31st January 2025, IMD Media Limited paid out deferred consideration for Advalidation for £0.2m.”
- “On the 7th March 2025, IMD Media Limited signed a two year premise lease agreement effective 01 June 2025.”
- “On the 13th May 2025, the Group received additional support from our banks through amendments to the banking terms.”
- “On the 4th November 2025, IMD Media acquired a further 10% of byCape Holdings for £.0.8m taking our control to 98%.”
- “On the 23rd December 2025, the Group obtained additional financing from our banks and extended the termination date of the bank loans until 31 March 2027.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VERITY, Richard | Secretary | 2016-12-14 | — | — |
| BOS, Hadass | Director | 2026-03-13 | Mar 1993 | Dutch |
| CLARKE, Kim Laura | Director | 2020-12-07 | May 1970 | British,American |
| JAMESON, Richard Morpeth | Director | 2022-04-27 | Jan 1964 | British |
| SANTINON, Francesco Aurelio | Director | 2025-10-03 | Mar 1966 | British,Italian |
| SOUTHGATE, William Edward John | Director | 2026-01-22 | Apr 1987 | British |
| STEINGRAF-REGENSBURGER, Reuben | Director | 2020-05-01 | Nov 1963 | German |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SQUIRE PATTON BOGGS SECRETARIES LIMITED | Corporate Secretary | 2016-06-20 | 2016-09-07 |
| BUNGEY, Michael | Director | 2017-12-20 | 2025-10-31 |
| CARPENTER, James | Director | 2017-12-20 | 2020-10-30 |
| CONELY, Douglas Kerr Miller | Director | 2017-10-23 | 2024-11-30 |
| COX, Simon | Director | 2016-09-20 | 2020-05-01 |
| CROSSLEY, Peter Mortimer | Director | 2016-06-20 | 2016-09-07 |
| FERGUSON, Iain Fraser | Director | 2017-04-10 | 2018-08-02 |
| GREEN, Thomas Lemay | Director | 2016-09-20 | 2026-03-13 |
| HEALY, Gareth Patrick | Director | 2016-09-07 | 2018-08-02 |
| LUMSDON, Gary John | Director | 2017-10-23 | 2017-11-10 |
| MASSIELLO, Carmine | Director | 2016-09-20 | 2018-04-01 |
| MCDANELL, Philip Neil, Mr. | Director | 2016-09-22 | 2018-07-26 |
| SEGAL, Richard Lawrence | Director | 2018-11-27 | 2025-08-07 |
| SHAH, Ravi Nikhil | Director | 2018-11-27 | 2026-01-22 |
| SMITH, Richard Alexander Buchan | Director | 2018-04-01 | 2020-08-31 |
| SQUIRE PATTON BOGGS DIRECTORS LIMITED | Corporate Director | 2016-06-20 | 2016-09-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Inflexion Buyout Fund Iv General Partner Guernsey Limited | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-09-19 | Ceased 2016-09-19 |
Filing timeline
Last 20 of 103 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-11-17 MA Memorandum articles
- 2023-11-17 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-10 | CH01 | officers | Change person director company with change date | |
| 2026-03-17 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-16 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-02 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-07 | AA | accounts | Accounts with accounts type group | |
| 2025-11-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-01 | AA | accounts | Accounts with accounts type group | |
| 2024-08-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-12-20 | AA | accounts | Accounts with accounts type group | |
| 2023-11-17 | MA | incorporation | Memorandum articles | |
| 2023-11-17 | RESOLUTIONS | resolution | Resolution | |
| 2023-07-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-10-03 | AA | accounts | Accounts with accounts type group | |
| 2022-07-26 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-0.5%
£41,630,000 £41,410,000
-
Cash
-20.7%
£6,381,000 £5,061,000
-
Net assets
-23.2%
-£137,692,000 -£169,671,000
-
Employees
-9.4%
265 240
-
Operating profit
+30.3%
-£6,250,000 -£4,358,000
-
Profit before tax
-11.1%
-£27,552,000 -£30,617,000
-
Wages
-10.2%
£14,279,000 £12,825,000
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