IWOCA LTD

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

• Turnover

  +64.2%

  £142,584,000 → £234,160,000

• Cash

  +52.5%

  £54,630,000 → £83,284,000

• Net assets

  +72.2%

  £54,976,000 → £94,686,000

• Employees

  +17.1%

  369 → 432

• Operating profit

  +71.3%

  £67,133,000 → £114,987,000

• Profit before tax

  +171.5%

  £21,784,000 → £59,133,000

• Wages

  +30.7%

  £19,590,000 → £25,596,000

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

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors consider it appropriate to prepare the financial statements on a going concern basis. To reach this conclusion, the Directors have carried out scenario analysis considering plausible threats to this assertion. The Directors consider the Group to have entered 2025 well-funded, having raised over £511m in debt during the year and an additional £290m since the balance sheet date.”

Group structure

1. IWOCA LTD · parent
   1. iwoca Oxygen Plc 100% · London
   2. iwoca Ozone Limited 100% · London
   3. iwoca Deutschland GmbH 100% · Frankfurt am Main, Deutschland
   4. iwoca capital markets Limited 100% · London
   5. iwoca Management S.a.r.l 100% · Luxembourg
   6. iwoca Skye Finance Limited 100% · London
   7. iwoca Servicing GmbH 100% · London
   8. Vallay Finance Limited · London
   9. iwoca SCSP SICAV-SIF acting on behalf of Compartment 2 · Luxembourg
   10. iwoca SCSP SICAV-SIF acting on behalf of Compartment 3 · Luxembourg
   11. iwoca SV SA General Compartment · Luxembourg
   12. iwoca SV SA Compartment Eiger · Luxembourg
   13. iwoca SV SA Compartment Dufourspitze · Luxembourg
   14. iwoca SV SA Compartment Monte Rosa · Luxembourg
   15. Islay Finance Limited · London
   16. iwoca Hydrogen Limited · London
   17. iwoca Tetra Limited · London · to further finance SME demand for loans
   18. iwoca Employee Benefit Trust · Jersey

Significant events

• “Redline Capital owns a minority shareholding and convertible bonds in iwoca Limited. On 12 April 2023, these holdings became subject to an asset freeze as a result of sanctions imposed by the UK government. iwoca has implemented controls and procedures to ensure these assets are frozen and that relevant legislation is complied with.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

20

last 12 months

Capital events

9

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.