How many employees does Iowa Debtco Limited have?

Iowa Debtco Limited reported an average of 0 employees in the year to 30 Apr 2025.

Is Iowa Debtco Limited profitable?

Yes — Iowa Debtco Limited reported a profit of £3.7m in the year to 30 Apr 2025.

Company No. 13993241 · Incorporated 21 Mar 2022

Iowa Debtco Limited

Registered name: IOWA DEBTCO LIMITED

Part of Royal London Mutual Insurance Society,limited(The) group

Iowa Debtco Limited made £3.7m profit in the year to 30 Apr 2025 (revenue not disclosed).

Iowa Debtco Limited reported £3.7m profit in the year to 30 Apr 2025, up 237% on the year before; its revenue was not disclosed. It had 0 employees. The company is classified under “other business support service activities” and is based in London; we hold 2 years of its filed accounts.

Profit onlySection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: London, London
Age: 4 yrs · since 2022
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The immediate parent company is Dalmore Capital (Issuer 1) Limited, a company incorporated in the United Kingdom and registered in England and Wales.”

Latest accounts · year to 30 Apr 2025

Key figures

Small teamYoung and profitable

Revenue

—

Not disclosed in filing

Profit

£3.7m

Growth ▲237.4%

Profit margin

—

Employees

Change —

Profit / employee

—

Profitable streak

2yrs

Consecutive profitable years in our data

This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Apr 2024	30 Apr 2025
Disclosure	Profit only	Profit only
Profit & loss
Revenue (turnover)	—	—
Profit before tax	£1.1m	£3.7m
Profit after tax	£1.1m	£3.7m
Profit (best available)	£1.1m	£3.7m
Employees (average)	—	0
Ratios
Profit margin	—	—
Growth (year on year)
Profit growth	—	▲237.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£10.8m	£13.1m
Net assets	£430k	£4.2m
Current assets	£128m	£145m
Debtors	£117m	£132m
Source	FullAccounts · bulk data Oct 2025	FullAccounts · bulk data Oct 2025

Derived from the latest filing

How the business works

Profit margin: —; 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.

Indirect — not revenue

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: ▲866%; Now £4.2m
Cash at bank: ▲22%; Now £13.1m
Headcount: —; Now 0
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Royal London Mutual Insurance Society,limited(The)ultimate parent75–100%
Royal London Asset Management Holdings Limited75–100%
Dalmore GP Holdings Limited75–100%
Dalmore Capital 2 GP Limited75–100%
Dalmore Capital (Issuer 1) Limited75–100%
Iowa Debtco Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (2)

Dalmore Capital (Para 1) LimitedFigures not disclosed
Dalmore Capital (Para 2) LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Apr 2025 (profit £3.7m), from the Companies House accounts bulk data published Oct 2025. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.