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Iris Insurance Brokers Limited

04072404

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

THE BAXTER BUILDING, SOUTHEND-ON-SEA, SS2 6HZ
Incorporated 15/09/2000

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

65120
Non-life insurance
65202
Non-life reinsurance

Officers

Mr Mark Edward Paul Hutley

director · Since 15/10/2001

INSURANCE BROKER

BRITISH · ENGLAND · Age 56

Also on 10 other boards

Mrs Margarita Hutley Mba Msc

director · Since 05/04/2009

DIRECTOR

BRITISH · UNITED KINGDOM · Age 49

Also on 7 other boards

Mr Donn Kealon Patrick Cantwell

director · Since 26/04/2011

REINSURANCE BROKER

IRISH · ENGLAND · Age 65

Persons with Significant Control

Huxy Holdings Ltd

75–100% shares
75–100% votes
Appoint directors

The Baxter Building, 80 Baxter Avenue, Southend-On-Sea, SS2 6HZ

Reg: 16749437 · Companies House Registrar · Limited By Shares

Notified 03/10/2025

Former PSCs

Mr Mark Edward Paul Hutley

Ceased 03/10/2025

Charges1 outstanding

Charge
satisfied

COUTTS & COMPANY

Created 01/04/2019Registered 11/04/2019Satisfied 28/04/2022
Charge
satisfied

COUTTS & COMPANY

Created 01/04/2019Registered 11/04/2019Satisfied 19/12/2024
Charge
satisfied

COUTTS & COMPANY

Created 01/04/2019Registered 11/04/2019Satisfied 19/12/2024
Charge
satisfied

COUTTS & COMPANY

Created 01/04/2019Registered 11/04/2019Satisfied 19/12/2024
Charge
outstanding

COUTTS & COMPANY

Created 20/02/2018Registered 21/02/2018
charge
satisfied

LLOYDS TSB BANK PLC

Created 24/10/2011Registered 29/10/2011Satisfied 06/09/2018
charge
satisfied

LLOYDS TSB BANK PLC

Created 24/10/2011Registered 27/10/2011Satisfied 28/04/2022
charge
satisfied

LLOYDS TSB BANK PLC

Created 21/04/2005Registered 26/04/2005Satisfied 28/04/2022

CompanyRankvs 148+ SIC 65120 peers
62

Financial strength98th percentile among SIC peers · 25/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.03× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to

Key FinancialsYear ending 30/09/2023

Net Worth

£4.9M

Balance sheet strength

Cash

£10.3M

Cash in the bank

Net Current Assets

Working capital

Current Assets

£21.3M

Current Liabilities

£20.7M

Fixed Assets

£4.3M

Debtors

£11.0M

Cost of Sales

£196k

Admin Expenses

£8.7M

Profit After Tax

£786k

53avg. employees

Tax at Year End

Corp tax£132k
Dividends paid-£750k

People Costs

Wages & salaries£3.8M

Balance Sheet

Intangible assets£254k
Bank loans & overdrafts£0
Prepared with CCH Software

EstimatesDerived

YearCurrent Ratio
20231.03

Derived from filed accounts. Not audited figures.