Iris Care Group (Wales) Limited
Registered name: IRIS CARE GROUP (WALES) LIMITED
Part of Iris Care Group Limited groupIris Care Group (Wales) Limited made £91.7k revenue and a £2.5m loss in the year to 31 Mar 2025.
Iris Care Group (Wales) Limited’s revenue fell 8% to £91.7k in the year to 31 Mar 2025, with a loss of £2.5m and 3 employees. The company is classified under “activities of other holding companies” and is based in Cardiff; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Cardiff, Wales
- Age
- 5 yrs · since 2021
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “Iris Care Group Midco 2 Limited”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Apr 2022 | 30 Apr 2023 | 30 Apr 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £20.8k | £99.8k | £100k | £91.7k |
| Gross profit | £20.8k | £99.8k | — | — |
| Operating profit | — | — | −£224k | −£728k |
| Profit before tax | −£2.4m | −£5.4m | −£4.2m | −£2.5m |
| Profit after tax | −£2.4m | −£5.4m | −£4.2m | −£2.5m |
| Profit (best available) | −£2.4m | −£5.4m | −£4.2m | −£2.5m |
| Staff costs | £61.4k | £179k | £198k | £186k |
| Employees (average) | 3 | 3 | 3 | 3 |
| Ratios | ||||
| Profit margin | −11400% | −5431% | −4168% | −2757% |
| Gross margin | 100% | 100% | — | — |
| Revenue per employee | £6.9k | £33.3k | £33.4k | £30.6k |
| Profit per employee | −£792k | −£1.8m | −£1.4m | −£843k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲379.2% | ▲0.3% | ▼8.5% |
| Headcount growth | — | 0% | 0% | 0% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £291k | £14.2k | £135k | £13.7k |
| Net assets | £19.1m | £13.7m | £9.5m | £7m |
| Fixed assets | — | £69.2m | £69.2m | £69.2m |
| Current assets | £522k | £272k | £417k | £31.6m |
| Debtors | £231k | £257k | £282k | £31.6m |
| Source | Accounts · bulk data Jan 2024 | Accounts · bulk data Jan 2024 | Accounts · bulk data Jan 2025 | FullAccounts · bulk data Nov 2025 |
How the business works
- Profit margin
- −2757%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £30.6k
- Revenue ÷ average employees.
- Profit per employee
- −£843k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 75472%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 34476%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▼27%
- Now £7m
- Cash at bank
- ▼90%
- Now £13.7k
- Headcount
- 0%
- Now 3
- Deferred income
- —
- Now —
- Fixed assets
- ▲0%
- Now £69.2m
Group structure
Ownership chain
- Iris Care Group Limitedultimate parent75–100%
- Iris Care Group Midco Limited75–100%
- Iris Care Group Midco 2 Limited75–100%
- Iris Care Group (Wales) Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Ludlow Street Healthcare Group LimitedRev. £3.9m · Profit −£5.4m
Sister companies (1)
- Iris Care Group (England) LimitedRev. £45.8k · Profit −£1.3m
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£2.5m), from the Companies House accounts bulk data published Nov 2025. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.