IRONMAN LTD.
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Cash
£2.2m
+99.9% highest in 6 filed years
Net assets
-£11m
+9.8% highest in 6 filed years
Employees
33
+6.5% vs 2024
Profit before tax
£710k
+194.7% first positive since 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
Notwithstanding that the Company has net liabilities of £11,111,239 as at 31 December 2025, the financial statements have been prepared on a going concern basis. The directors believe that adequate funding and investment, to ensure that the Company can meet its financial obligations as they fall due, will be available to the Company for the foreseeable future from the continued support of World Triathlon Corporation the group parent Company.
-
Audit opinion: Disclaimer of opinion
Latest auditor's report carried a non-clean opinion.
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £410,638 | £2,693,011 | £8,127,593 | £6,580,903 | £5,313,849 | £7,330,199 | +37.9% | |
| Operating profit | -£1,198,819 | -£1,821,655 | £1,022,240 | £1,067,797 | £448,596 | £835,648 | +86.3% | |
| Profit before tax | -£1,326,819 | -£1,878,691 | £906,178 | -£421,273 | £240,838 | £709,644 | +194.7% | |
| Net profit | -£1,326,819 | -£1,824,988 | £868,740 | -£424,465 | £1,829,528 | £450,945 | -75.4% | |
| Cash | £1,270,624 | £265,607 | £403,934 | £153,829 | £1,108,324 | £2,215,879 | +99.9% | |
| Total assets less current liabilities | -£10,943,383 | -£12,466,192 | -£10,440,003 | -£9,761,530 | -£8,318,186 | -£8,133,162 | +2.2% | |
| Net assets | -£13,050,720 | -£14,827,485 | -£13,958,745 | -£14,383,210 | -£12,316,999 | -£11,111,239 | +9.8% | |
| Equity | -£13,050,720 | -£14,827,485 | -£13,958,745 | -£14,383,210 | -£12,316,999 | -£11,111,239 | +9.8% | |
| Average employees | 30 | 27 | 37 | 37 | 31 | 33 | +6.5% | |
| Wages | — | — | — | — | — | — | — | |
| Directors' remuneration | — | — | — | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | -67.6% | 12.6% | 16.2% | 8.4% | 11.4% | |
| Net margin | — | -67.8% | 10.7% | -6.4% | 34.4% | 6.2% | |
| Current ratio | — | — | — | 0.15x | 0.33x | 0.45x | |
| Interest cover | -9.37x | -31.94x | 8.81x | 4.32x | 2.16x | 6.63x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- IRONMAN LTD. 2013-10-24 → present
- WORLD ENDURANCE UK LIMITED 2009-06-29 → 2013-10-24
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Kreston Reeves Audit LLP
- Audit opinion
- Disclaimer of opinion
- Going concern
- Material uncertainty disclosed
“Notwithstanding that the Company has net liabilities of £11,111,239 as at 31 December 2025, the financial statements have been prepared on a going concern basis. The directors believe that adequate funding and investment, to ensure that the Company can meet its financial obligations as they fall due, will be available to the Company for the foreseeable future from the continued support of World Triathlon Corporation the group parent Company.”
Significant events
- “The Company's ability to continue as a Going Concern relies upon the financial support from the wider group, and the auditors were unable to obtain sufficient audit evidence in respect of this financial support to provide an audit opinion.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SCHELLHOUS, Reid John | Secretary | 2025-12-01 | — | — |
| DERUE, Daniel Scott | Director | 2024-03-26 | Jun 1977 | American |
| SCHELLHOUS, Reid John | Director | 2025-02-06 | Aug 1982 | American |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COWAN JR., Frank Brooks | Secretary | 2021-01-22 | 2025-12-01 |
| FERTIC, Benjamin | Secretary | 2010-04-02 | 2011-12-12 |
| FIGUEROA, Trisha, General Counsel | Secretary | 2011-12-12 | 2012-10-15 |
| JOHNSTON, Steve, Chief Legal Officer | Secretary | 2012-10-15 | 2019-12-31 |
| VAN TEEFFELEN, Robert, International Controller | Secretary | 2010-04-01 | 2010-09-15 |
| COWAN JR., Frank Brooks | Director | 2020-01-01 | 2025-12-01 |
| DIECKHOFF, Thomas Gunther | Director | 2013-01-02 | 2016-06-21 |
| DU BEY, Jesse Michael | Director | 2009-06-29 | 2011-01-06 |
| FACTEAU, Shane | Director | 2016-06-21 | 2026-02-01 |
| FERTIC, Benjamin, Director | Director | 2010-10-27 | 2011-12-12 |
| FIGUEROA, Trisha, General Counsel | Director | 2011-12-12 | 2012-10-15 |
| GRAMLING, Patrick, Chief Financial Officer | Director | 2012-10-15 | 2020-12-31 |
| JOHNSTON, Steve Louis | Director | 2012-10-15 | 2019-12-31 |
| LITTLE, Scott | Director | 2010-10-27 | 2011-12-12 |
| MECKFESSEL, Steve, Director | Director | 2010-10-27 | 2012-10-15 |
| MESSICK, Andrew | Director | 2011-12-12 | 2024-03-26 |
| SINGH, Ajay | Director | 2024-03-26 | 2024-10-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Samuel Irving Newhouse, Iii | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-07-17 | Active |
| Mr Thomas Samuel Summer | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-07-17 | Active |
| Mr Victor Frederick Ganzi | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-07-17 | Active |
| Mr Steven Oliver Newhouse | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-07-17 | Active |
| Mr Michael Andrew Newhouse | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-07-17 | Active |
| Wang Jianlin | Individual | Shares 75–100% | 2016-04-06 | Ceased 2020-07-17 |
Filing timeline
Last 20 of 109 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-07-16 | AA | accounts | Accounts with accounts type full | |
| 2026-02-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-10 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-12-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-10 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-12-02 | AA | accounts | Accounts with accounts type full | |
| 2025-07-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-25 | CH01 | officers | Change person director company with change date | |
| 2025-02-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-20 | AA | accounts | Accounts with accounts type full | |
| 2024-10-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-26 | RP04PSC09 | persons-with-significant-control | Second filing withdrawal of a person with significant control statement | |
| 2024-03-13 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-03-13 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-03-13 | PSC01 | persons-with-significant-control | Notification of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 3
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.