IRIS PAYROLL SOLUTIONS LIMITED
🌳Matureactive
01865495 · ltd · incorporated 1984-11-22
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Information technology consultancy activities
Sector: Information & communication
ALSO REGISTERED FOR
- 62090Other information technology service activities
Investor take
PursueActive trading company with a 63-year-old founder — textbook succession opportunity.
Opportunity 75/100 (strong), bankability 67/100. Strong seller-intent signal (65/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 9 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
9 live charges · 9 lenders · oldest 19.9y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 19.9 years old — likely at or near maturity.
- · 9 lenders named — inter-creditor friction likely.
- · Legal-friction score 38/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (61/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
9 charges (9/9 with lender, 9/9 with type)
90
Directors & officers
29 officers (2 active, 29 linked, 24 with DOB)
87
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
19 connected companies via shared directors
90
Filing history
214 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
6
filings
- • 2 accounts
- • 2 officers
- • 2 other
Counts from Companies House filing history.
Corporate timeline (90 events)Click to expand
- 2026-01-21📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2026-01-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-01-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-01-15➕STRUDWICK, Robert Henry appointeddirector
- 2026-01-15➖COX, Michael David resigneddirector
- 2025-12-10📄legacyaccounts · PARENT_ACC
- 2025-12-10📄legacyother · AGREEMENT2
- 2025-12-10📄legacyother · GUARANTEE2
- 2025-08-14➕KELLY, Stephanie Ann appointeddirector
- 2025-08-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-06-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-05-31➖LOCKIE, David James resigneddirector
- 2025-02-03📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2025-02-03📄legacyaccounts · PARENT_ACC
- 2025-02-03📄legacyother · GUARANTEE2
- 2025-02-03📄legacyother · AGREEMENT2
- 2025-01-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-12-20➖MORTIMER-ZHIKA, Elona, Ms. resigneddirector
- 2024-08-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-09🔒Charge registered #9Lender: Kroll Trustee Services Limited
- 2024-05-23📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-05-23🔓Charge satisfied #8
- 2024-05-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-04-30➖DADY, Kevin Peter resigneddirector
- 2024-01-20📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2024-01-20📄legacyaccounts · PARENT_ACC
- 2024-01-18📄legacyother · GUARANTEE2
- 2024-01-18📄legacyother · AGREEMENT2
- 2023-01-04📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2020-11-16➕LOCKIE, David James appointeddirector
- 2019-02-01➕COX, Michael David appointeddirector
- 2018-12-20🔒Charge registered #8Lender: U.S. Bank Trustees Limited (And Its Successors in Title and Permitted Transferees)
- 2018-09-10🔓Charge satisfied #7
- 2018-09-10🔓Charge satisfied #6
- 2017-10-18🔒Charge registered #7Lender: The Governor and Company of the Bank of Ireland
- 2016-11-07➕MORTIMER-ZHIKA, Elona, Ms. appointeddirector
- 2016-09-28➖LEWIS, Mark Jonathan resigneddirector
- 2016-01-12➖ROBINSON, Phillip David resigneddirector
- 2015-12-01➕DADY, Kevin Peter appointeddirector
- 2015-09-03🔓Charge satisfied #5
- 2015-09-03🔓Charge satisfied #4
- 2015-08-21🔒Charge registered #6Lender: The Governor & Company of the Bank of Ireland
- 2014-02-20🔒Charge registered #5Lender: The Royal Bank of Scotland PLC
- 2014-01-28➖DISCOMBE, Nicholas Sanders resigneddirector
- 2014-01-28➕LEWIS, Mark Jonathan appointeddirector
- 2013-05-31➕DISCOMBE, Nicholas Sanders appointeddirector
- 2013-05-31➖MARNOCH, Alasdair resigneddirector
- 2012-07-24➖DISCOMBE, Nicholas Sanders resigneddirector
- 2012-07-24➕MARNOCH, Alasdair appointeddirector
- 2012-05-31➕DISCOMBE, Nicholas Sanders appointeddirector
Showing most recent 50 of 90 events
Owner dependency
66/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
Succession & seller-readiness
56/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
2 med ·2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: COX, Michael David resigned 2026-01-15; LOCKIE, David James resigned 2025-05-31
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Iris Capital Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Iris Capital Limited
Corporate parent · holds 75-100% shares · board control
⬇
IRIS PAYROLL SOLUTIONS LIMITED
This company · 01865495
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Iris Capital Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 02/03/2021 |
1 historic (ceased) PSC
- Intex (Radiographic) Limitedceased 02/03/2021· 75-100% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
🔒Co-director network graph
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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|---|---|---|---|---|---|---|---|
| 1 DIGITALS EUROPE LIMITED→ 10297543 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
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| 1BAR EMEA LIMITED→ 14238851 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
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| 2MAV LIMITED→ 12139571 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| 3D VIRTUAL CREATIONS LTD→ 13328997 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 3I LEADTECH LIMITED→ 12585110 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 4 DIVISIONS LTD→ 05379651 · est 2005 · no financials extracted | — | — | — | — | 21y | — | — |
| 4S IT CONSULTANCY LTD→ 16761165 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 5LOYALTY HOLDINGS LIMITED→ 16864988 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 6GCO LTD→ 13282948 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.
Available from the Pro tier upwards.
See pricing →🔒Advanced scoring suite
Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.
Available from the Pro tier upwards.
See pricing →Company details
Statusactive
Typeltd
Incorporated1984-11-22
Jurisdictionengland-wales
Primary SIC62020 — Information technology consultancy activities
Registered office
Heathrow Approach 4th Floor
470 London Road
Slough
SL3 8QY
United Kingdom
Filing status
Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-08-29
Last: 2025-08-15
Officers (2 active · 27 resigned)
KELLY, Stephanie Ann→
Activedirector · ~55y · appointed 2025-08-14
View their other companies + combined net worth →
STRUDWICK, Robert Henry→
Activedirector · ~63y · appointed 2026-01-15
View their other companies + combined net worth →
ATHERTON, Alexandra Frances Nicola→
Resignedsecretary · appointed 1997-06-16 · resigned 2006-05-19
ATHERTON, Lucia→
Resignedsecretary · resigned 1997-06-16
CHALLINGER, Sara→
Resignedsecretary · appointed 2007-08-09 · resigned 2009-02-20
PREEDY, Richard Ian→
Resignedsecretary · appointed 2006-05-23 · resigned 2007-07-23
ROBERTS, Neal Anthony→
Resignedsecretary · appointed 2009-03-11 · resigned 2011-12-21
ALI, Mansoor Anwar→
Resigneddirector · ~70y · appointed 2011-12-21 · resigned 2012-05-14
ALLEN, Russell→
Resigneddirector · ~62y · appointed 1993-04-06 · resigned 2006-05-19
ATHERTON, Alexandra Frances Nicola→
Resigneddirector · ~59y · appointed 1996-07-01 · resigned 2006-06-20
ATHERTON, Antony Joseph→
Resigneddirector · ~60y · appointed 1993-04-06 · resigned 2007-09-17
ATHERTON, Dennis→
Resigneddirector · ~94y · resigned 1997-06-16
ATHERTON, Lucia→
Resigneddirector · ~95y · resigned 1997-06-16
COX, Michael David→
Resigneddirector · ~43y · appointed 2019-02-01 · resigned 2026-01-15
CROMPTON, Kerry Jane→
Resigneddirector · ~56y · appointed 2011-03-01 · resigned 2011-12-21
DADY, Kevin Peter→
Resigneddirector · ~62y · appointed 2015-12-01 · resigned 2024-04-30
DISCOMBE, Nicholas Sanders→
Resigneddirector · ~64y · appointed 2013-05-31 · resigned 2014-01-28
DISCOMBE, Nicholas Sanders→
Resigneddirector · ~64y · appointed 2012-05-31 · resigned 2012-07-24
DOVE, Andrew Charles→
Resigneddirector · ~65y · resigned 2006-05-19
HADWIN, John Arthur→
Resigneddirector · ~82y · resigned 1994-04-01
Click a director name to see their full track record across all companies.
Mortgages & charges
9
Total charges
1
Outstanding
1
Active lenders
Status:Lender:9 of 9 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Kroll Trustee Services Kroll Trustee Services Limited | A registered charge | — | 09/08/2024 | — | |
| satisfied | U.S. Bank Trustees (And Its Successors in Title and Permitted Transferees) U.S. Bank Trustees Limited (And Its Successors in Title and Permitted Transferees) | A registered charge | — | 20/12/2018 | 23/05/2024 | |
| satisfied | The Governor and Company of the Bank of Ireland | A registered charge | 1 property | 18/10/2017 | 10/09/2018 | |
| satisfied | The Governor & Company of the Bank of Ireland | A registered charge | 1 property | 21/08/2015 | 10/09/2018 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 3 properties | 20/02/2014 | 03/09/2015 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC (Security Agent) | Fixed and floating security document | 1 property | 20/01/2012 | 03/09/2015 | |
| satisfied | Citibank N.A.,London as Security Trustee | Debenture | 1 property | 02/10/2007 | 12/01/2012 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC (The "Security Trustee") | Debenture | 1 property | 28/02/2007 | 16/10/2007 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC (The Security Trustee) | A deed of accession | 1 property | 28/06/2006 | 16/10/2007 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (214 total)
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2026-01-21
appoint-person-director-company-with-name-date
officers · AP01
2026-01-16
termination-director-company-with-name-termination-date
officers · TM01
2026-01-16
legacy
accounts · PARENT_ACC
2025-12-10
legacy
other · AGREEMENT2
2025-12-10
legacy
other · GUARANTEE2
2025-12-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-15
appoint-person-director-company-with-name-date
officers · AP01
2025-08-14
termination-director-company-with-name-termination-date
officers · TM01
2025-06-10
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2025-02-03
legacy
accounts · PARENT_ACC
2025-02-03
legacy
other · GUARANTEE2
2025-02-03
legacy
other · AGREEMENT2
2025-02-03
termination-director-company-with-name-termination-date
officers · TM01
2025-01-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-02