IRIS CAPITAL LIMITED
- · Thesis: well-run, low negotiation leverage
Opportunity 75/100 (strong), bankability 77/100. Strong seller-intent signal (65/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
7 live charges · 7 lenders · oldest 18.9y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 18.9 years old — likely at or near maturity.
- · 7 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.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Recent activity
- • 1 accounts
- • 1 accounts
- • 2 officers
- • 1 accounts
Corporate timeline (76 events)Click to expand
- 2026-05-11📄accounts-with-accounts-type-fullaccounts · AA
- 2026-01-15➕STRUDWICK, Robert Henry appointeddirector
- 2026-01-15➖COX, Michael David resigneddirector
- 2026-01-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-01-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-08-14➕KELLY, Stephanie Ann appointeddirector
- 2025-08-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-06-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-05-31➖LOCKIE, David James resigneddirector
- 2025-04-30📄capital-allotment-sharescapital · SH01
- 2025-02-05📄accounts-with-accounts-type-fullaccounts · AA
- 2025-01-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-12-20➖MORTIMER-ZHIKA, Elona, Ms. resigneddirector
- 2024-05-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-05-23📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-05-23🔓Charge satisfied #7
- 2024-04-30➖DADY, Kevin Peter resigneddirector
- 2024-02-03📄accounts-with-accounts-type-fullaccounts · AA
- 2023-01-04📄accounts-with-accounts-type-fullaccounts · AA
- 2021-12-15📄accounts-with-accounts-type-fullaccounts · AA
- 2021-03-01📄change-person-director-company-with-change-dateofficers · CH01
- 2021-02-19📄accounts-with-accounts-type-fullaccounts · AA
- 2020-12-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-11-16➕LOCKIE, David James appointeddirector
- 2020-04-01📄gazette-filings-brought-up-to-dategazette · DISS40
- 2020-03-31📄gazette-notice-compulsorygazette · GAZ1
- 2020-03-27📄accounts-with-accounts-type-fullaccounts · AA
- 2019-02-01➕COX, Michael David appointeddirector
- 2018-12-20🔒Charge registered #7Lender: U.S. Bank Trustees Limited (And Its Successors in Title and Permitted Transferees)
- 2018-09-10🔓Charge satisfied #6
- 2018-09-10🔓Charge satisfied #5
- 2017-10-18🔒Charge registered #6Lender: 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 #4
- 2015-09-03🔓Charge satisfied #3
- 2015-08-21🔒Charge registered #5Lender: The Governor & Company of the Bank of Ireland
- 2014-02-20🔒Charge registered #4Lender: 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
- 2012-05-14➖ALI, Mansoor Anwar resigneddirector
- 2012-01-20🔒Charge registered #3Lender: The Royal Bank of Scotland PLC (Security Agent)
- 2012-01-12🔓Charge satisfied #1
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +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
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- 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 ·Multiple 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
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Iris Bidco Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 Bidco Limited Corporate entity | 75–100% | — | 75-100% shares | 30/04/2019 |
1 historic (ceased) PSC
- Software (Holdco 5) Limitedceased 30/04/2019· 75-100% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (2 active · 20 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| 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 | — | 21/08/2015 | 10/09/2018 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 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 | Lloyds Banking Group Lloyds Tsb Bank PLC | Deposit agreement to secure own liabilities | 1 property | 19/10/2007 | 18/11/2011 | |
| satisfied | Citibank, N.A. as Security Trustee for the Secured Parties and Its Sucessors or Trasferees | Debenture | 1 property | 03/07/2007 | 12/01/2012 |