IRIS LONDON LIMITED
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Cash
£1.5m
+112.4% vs 2024
Net assets
£809k
-95.4% vs 2024
Employees
164
-18% vs 2024
Profit before tax
-£8.8m
-3,302.9% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC 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 · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £41,117,000 | £33,483,000 | -18.6% | |
| Operating profit | -£1,404,000 | -£8,788,000 | -525.9% | |
| Profit before tax | £275,000 | -£8,808,000 | -3,302.9% | |
| Net profit | £273,000 | -£8,916,000 | -3,365.9% | |
| Cash | £724,000 | £1,538,000 | +112.4% | |
| Total assets less current liabilities | £17,544,000 | £809,000 | -95.4% | |
| Net assets | £17,544,000 | £809,000 | -95.4% | |
| Equity | £17,544,000 | £809,000 | -95.4% | |
| Average employees | 200 | 164 | -18% | |
| Wages | £16,841,000 | £13,836,000 | -17.8% | |
| Directors' remuneration | £315,000 | £215,000 | -31.7% | |
| Directors' pension contributions | £5,000 | £8,000 | +60% | |
| Highest paid director | £320,000 | £208,000 | -35% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | -3.4% | -26.2% | |
| Net margin | 0.7% | -26.6% | |
| Return on capital employed | -8.0% | -1086.3% | |
| Gearing (liabilities / total assets) | 63.5% | 95.0% | |
| Current ratio | 1.57x | 1.04x | |
| Interest cover | -1.03x | — |
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.
Name history
Renamed 3 times since incorporation
- IRIS LONDON LIMITED 2007-02-01 → present
- IRIS NATION LIMITED 2005-06-01 → 2007-02-01
- IRIS PROMOTIONAL MARKETING LIMITED 1999-04-28 → 2005-06-01
- SKILL LINK LIMITED 1998-10-19 → 1999-04-28
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors note that the Company has sufficient working capital in the base case forecast, and that additional support is available under a letter of support from the ultimate parent company, Cheil Worldwide Inc (Cheil Worldwide). Based on these forecasts and resources available, the directors have concluded that, there are no material uncertainties that cast significant doubt on the Company's ability to continue as a going concern.”
Group structure
- IRIS LONDON LIMITED · parent
- Iris Partners LLP
Significant events
- “With effect from 1 June 2025, the Company was acquired by Cheil Worldwide as part of a wider Group restructuring. This organisational change supports a simplified governance structure, improved operational alignment and closer collaboration across the Group.”
- “Following the restructuring, the Company aligned its financial reporting, governance and performance management processes with Group standards, enhancing consistency, transparency and operational efficiency.”
- “The successful implementation of a unified ERP system across the business has standardised finance and operational processes, strengthened internal controls and enhanced reporting capabilities.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 19 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KIM, Eungjoo | Director | 2026-04-27 | Feb 1981 | South Korean |
| SHIN, Jaeho | Director | 2025-11-04 | Aug 1970 | South Korean |
Show 19 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BELL, Stephen | Secretary | 1999-04-16 | 2005-02-01 |
| TYLER, Sally | Secretary | 2005-02-01 | 2006-04-16 |
| A G SECRETARIAL LIMITED | Corporate Secretary | 2007-12-10 | 2013-01-29 |
| PITSEC LIMITED | Corporate Secretary | 2006-04-16 | 2007-12-10 |
| WHBC NOMINEE SECRETARIES LIMITED | Corporate Secretary | 1998-10-19 | 1999-04-17 |
| BELL, Stephen Alan | Director | 2000-08-09 | 2023-06-30 |
| BOUGHTON, Oliver Estanislao George | Director | 2015-07-29 | 2022-09-30 |
| DODDS, Julian | Director | 1999-11-12 | 2005-05-06 |
| HUMPRHIS, Claire Marie | Director | 2000-08-09 | 2024-10-04 |
| KIM, Honggun | Director | 2025-11-04 | 2026-04-27 |
| MILLNER, Ian Richard | Director | 2000-08-09 | 2026-03-26 |
| NOBLE, Sam Harry | Director | 2000-08-09 | 2020-06-18 |
| REYNOLDS, Sean | Director | 2000-08-09 | 2020-06-18 |
| SCHWARZ, Jo | Director | 2000-08-09 | 2002-08-23 |
| SHANLEY, Stewart Charles | Director | 1999-04-16 | 2020-06-18 |
| STEVENS, Otto Tymon John | Director | 2007-04-02 | 2007-11-30 |
| THOMSON, Andrew Gordon | Director | 2009-12-03 | 2010-09-27 |
| WYBURD, Francis | Director | 1999-11-12 | 2000-03-13 |
| WHBC NOMINEE DIRECTORS LIMITED | Corporate Director | 1998-10-19 | 1999-04-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Iris Nation Worldwide Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2025-05-28 |
Filing timeline
Last 20 of 201 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-20 | AA | accounts | Accounts with accounts type full | |
| 2026-05-26 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-26 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-22 | CH01 | officers | Change person director company with change date | |
| 2025-11-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-23 | AA | accounts | Accounts with accounts type audit exemption subsiduary | |
| 2025-09-23 | PARENT_ACC | accounts | Legacy | |
| 2025-09-23 | GUARANTEE2 | other | Legacy | |
| 2025-09-23 | AGREEMENT2 | other | Legacy | |
| 2025-09-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-12 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2025-08-11 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-18 | TM01 | officers | Termination director company with name termination 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 | |
| 2023-10-24 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 0
- 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.