IONIAN 1 LIMITED

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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 —. Year-on-year comparison hidden: this filing covers about 11 months versus 2 months prior. About these numbers

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. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Xeinadin Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have prepared the accounts on a going concern basis, having concluded that the Group has sufficient funds and cash reserves to meet its liabilities as they fall due for the foreseeable future.”

Group structure

1. IONIAN 1 LIMITED · parent
   1. Ionian Island Holidays Limited 100% · tour operator
   2. Ionian Island Flights Limited 100% · non-trading company

Significant events

• “A group restructuring took place in August 2024, under which the tour operating business, Ionian Island Holidays Limited, was separated from the property business, Ionian Island Properties Limited, and from the original holding company, IIH Holdings Limited. Following the restructuring, Ionian Island Holidays Limited became wholly owned by Ionian 1 Limited.”
• “On 30 September 2025, IIH Trustee Limited, acting in its capacity as an Employee Ownership Trust (EOT), acquired 100% of the issued ordinary share capital of Ionian 1 Limited, which in turn controls 100% of Ionian Island Holidays Limited and Ionian Island (Flights) Limited (a non-trading company).”
• “An additional £0.25m in professional and administrative costs and other one-off adjustments associated with the transaction were incurred by the Group.”
• “As part of the settlement consideration, a surplus cash settlement of £5,800,000 was made. This amount has been recognised in the financial statements for the period and has had a material impact on the Group's reserves and reported net assets.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

12

last 12 months

Capital events

2

last 24 months

Officers appointed

2

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.