Iraf Triumph Ltd
Registered name: IRAF TRIUMPH LTD
Part of Icg PLC groupIraf Triumph Ltd made £5.5m revenue and a £6.4m loss in the year to 31 Dec 2024.
Iraf Triumph Ltd’s revenue grew 51% to £5.5m in the year to 31 Dec 2024, with a loss of £6.4m. The company is classified under “other business support service activities” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London
- Age
- 7 yrs · since 2019
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £2.5m | £3.7m | £5.5m |
| Operating profit | −£5.2m | £9m | −£6.4m |
| Profit before tax | −£4.7m | £7m | −£8.5m |
| Profit after tax | −£3.5m | £5.2m | −£6.4m |
| Profit (best available) | −£3.5m | £5.2m | −£6.4m |
| Employees (average) | — | — | — |
| Ratios | |||
| Profit margin | −143.2% | 140.7% | −115.2% |
| Growth (year on year) | |||
| Revenue growth | — | ▲49.5% | ▲51.4% |
| Profit growth | — | — | ▼223.9% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Sep 2024 | Accounts · bulk data Sep 2024 | Accounts · bulk data Oct 2025 |
How the business works
- Profit margin
- −115.2%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- —
- Now —
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Icg PLCultimate parent75–100%
- Icg FMC Limited75–100%
- Iraf Triumph Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Triumph Business Park Management Co. LimitedRev. £254k · Profit −£16.7k
Sister companies (14)
- Elmo Midco LimitedRev. £61.8m · Profit −£9.8m
- Icg Efv MLP GP LimitedRev. £0 · Profit £71.9k
- Icg Senior Debt Partners UK GP LimitedRev. −£2.3m · Profit −£2.5m
- A.g. Thames Investments LimitedFigures not disclosed
- Blip Propco LimitedFigures not disclosed
- Bluegroup Propco LimitedFigures not disclosed
- Europort Holdings LtdFigures not disclosed
- Exeter III Birmingham LimitedFigures not disclosed
- Icg Alternative Investment LimitedFigures not disclosed
- Icg Enterprise Co-Investment GP LimitedFigures not disclosed
- Icg Manager LimitedFigures not disclosed
- Icg-Longbow Development GP LLPFigures not disclosed
- Luna Investment Topco LimitedFigures not disclosed
- Tilstone Chesterfield LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit −£6.4m), from the Companies House accounts bulk data published Oct 2025. Spotted an error? Request a correction.
Updated from Companies House on 21 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.