Iris Care Group Midco 2 Limited
Registered name: IRIS CARE GROUP MIDCO 2 LIMITED
Part of Iris Care Group Limited groupIris Care Group Midco 2 Limited made £84m revenue and £835k profit in the year to 31 Mar 2025.
Iris Care Group Midco 2 Limited’s revenue was £84m in the year to 31 Mar 2025, with £835k profit and 1,767 employees. The company is classified under “activities of other holding companies” and is based in Cardiff; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Cardiff, Wales
- Age
- 2 yrs · since 2024
- 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 Limted”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 16 Jul 2024 | 31 Mar 2025 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £85.3m | £84m |
| Cost of sales | £60.9m | £59.9m |
| Gross profit | £24.4m | £24.1m |
| Operating profit | £7.7m | £8.5m |
| Profit before tax | −£4.3m | −£1.5m |
| Profit after tax | −£5.1m | £835k |
| Profit (best available) | −£5.1m | £835k |
| Staff costs | £50.9m | £52.1m |
| Employees (average) | 1,713 | 1,767 |
| Ratios | ||
| Profit margin | −6% | 1% |
| Gross margin | 28.6% | 28.7% |
| Revenue per employee | £49.8k | £47.5k |
| Profit per employee | −£3k | £473 |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | £11.2m | £835k |
| Fixed assets | £150m | £152m |
| Current assets | £15.5m | £129m |
| Debtors | £6.4m | £6.9m |
| Source | FullAccounts · bulk data Nov 2025 | FullAccounts · bulk data Nov 2025 |
How the business works
- Profit margin
- 1%
- Profit ÷ revenue.
- Gross margin
- 28.7%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £47.5k
- Revenue ÷ average employees.
- Profit per employee
- £473
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 181.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 8.2%
- 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
- —
- Now £835k
- Cash at bank
- —
- Now —
- Headcount
- —
- Now 1,767
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now £152m
Group structure
Ownership chain
- Iris Care Group Limitedultimate parent75–100%
- Iris Care Group Midco Limited75–100%
- Iris Care Group Midco 2 Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- Iris Care Group (Wales) LimitedRev. £91.7k · Profit −£2.5m
- 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 £835k), 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.