INNISFREE CANADA ISF 2 LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-04-14 (in 11mo)
Last made up 2026-03-31
Watchouts
None on the register
Cash
£26K
-25.8% vs 2024
Net assets
£38M
+11.3% vs 2024
Employees
0
Average over period
Profit before tax
£7M
+247.2% vs 2024
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £2,599,743 | £3,204,364 | |
| Operating profit | £2,549,590 | £3,166,147 | |
| Profit before tax | -£4,794,938 | £7,055,786 | |
| Net profit | -£4,794,938 | £7,055,786 | |
| Cash | £35,432 | £26,297 | |
| Total assets less current liabilities | £34,294,192 | £38,179,782 | |
| Net assets | £34,294,192 | £38,179,782 | |
| Equity | £34,294,192 | £38,179,782 | |
| Average employees | 0 | 0 | |
| 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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 98.1% | 98.8% | |
| Net margin | -184.4% | 220.2% | |
| Return on capital employed | 7.4% | 8.3% | |
| Gearing (liabilities / total assets) | 0.1% | 0.1% | |
| Current ratio | 1.82x | 1.83x |
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
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have reviewed the Company's projected profit and have a reasonable expectation that the Company has adequate resources to continue for the foreseeable future. The investee companies of the Company are listed in note 11. Each has a financial model containing cash flow projections for the term of the concessions and these models are used to inform the directors' expectations. The Company therefore continues to adopt the going concern basis.”
Group structure
- INNISFREE CANADA ISF 2 LIMITED · parent
- Innisfree Health (Bridgepoint) Holdco Ltd 68%
- Innisfree Health (Bridgepoint) GPco Ltd 68%
- Plenary Health Bridgepoint LP 51%
- Innisfree ISL Health (Victoria) GPCo Ltd 84%
- ISL Health (Victoria) GP Management Co Ltd 84%
- ISL Health (Victoria) General Partnership 84%
- Innisfree ISL Health (FSJ) GPCO Ltd 68%
- ISL Health (FSJ) General Partnership 34%
- Explore Investments No. 3 Limited 100%
- Explore Health Montreal Inc 100%
- Explore Health Montreal Holding Inc 100%
- Explore Health Montreal (Partner) Inc 100%
- Health Montreal Collective LP 35%
Significant events
- “Russia's invasion of Ukraine on 24 February 2022 triggered coordinated implementation of sanctions against Russia, Belarus and certain of their entities and nationals. The extent of the economic effect of the conflict, the sanctions, and the likely duration of the unrest remains unclear. The business model of the Company has no direct reliance on Russia, Belarus or the Ukraine.”
- “Since the inauguration of Donald Trump as President of the US on 20 January 2025 his government has imposed a series of escalating tariffs on goods and services from a large number of countries. Whilst the full economic impact of these tariffs remains unclear, it is expected that the cost of imported goods and services may rise.”
- “On 3 April 2025 the Company received a dividend of Can$1,369,665 from its investment in CHUM. On the same day the Company declared and paid an interim dividend of Can$1,369,664.”
- “On 7 April 2025 the Company received a dividend of Can$422,099 from its investment in Royal Jubilee Hospital. On 4 April 2025 the Company declared an interim dividend of Can$422,100 which was paid on 7 April 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BURTON, David James | Director | 2016-12-08 | Dec 1978 | British |
| CLARK, Sheila Jamieson | Director | 2016-12-08 | Oct 1973 | British |
| TODD, Stephen Charles | Director | 2017-01-27 | Apr 1969 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CROWTHER, Nicholas John Edward | Director | 2016-12-08 | 2017-01-27 |
| KEWISH, Guy Charles | Director | 2016-12-08 | 2019-09-19 |
| PEARSON, Timothy Richard | Director | 2017-01-27 | 2022-11-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Innisfree Secondary Partners 2 Llp | Corporate entity | Shares 75–100% | 2016-12-08 | Active |
Filing timeline
Last 20 of 38 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-11 | AA | accounts | Accounts with accounts type full | |
| 2025-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-11 | AA | accounts | Accounts with accounts type full | |
| 2024-05-08 | CH01 | officers | Change person director company with change date | |
| 2024-04-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-19 | AA | accounts | Accounts with accounts type full | |
| 2023-04-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-14 | AA | accounts | Accounts with accounts type full | |
| 2022-11-03 | TM01 | officers | Termination director company with name termination date | |
| 2022-04-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-18 | AA | accounts | Accounts with accounts type full | |
| 2021-12-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-18 | AA | accounts | Accounts with accounts type full | |
| 2020-11-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-07-28 | SH01 | capital | Capital allotment shares | |
| 2020-04-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-03-30 | SH01 | capital | Capital allotment shares | |
| 2019-12-11 | AA | accounts | Accounts with accounts type full | |
| 2019-12-05 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+23.3%
£2,599,743 £3,204,364
-
Cash
-25.8%
£35,432 £26,297
-
Net assets
+11.3%
£34,294,192 £38,179,782
-
Employees
—
Not reported
-
Operating profit
+24.2%
£2,549,590 £3,166,147
-
Profit before tax
+247.2%
-£4,794,938 £7,055,786
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