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Company No. 14396125 · Incorporated 4 Oct 2022

Ir Dno Limited

Registered name: IR DNO LIMITED

Part of Innova Capital Limited group

Ir Dno Limited made £7m revenue and a £13.6m loss in the year to 31 Dec 2025. read from filing text

Ir Dno Limited’s revenue grew 539% to £7m in the year to 31 Dec 2025, with a loss of £13.6m and 0 employees. The company is classified under “production of electricity” and is based in Cheltenham; we hold 3 years of its filed accounts.

Full P&L filedSection D · Electricity, gas, steam and air conditioning supplySIC 35110Production of electricity
Status
Active
Location
Cheltenham, South West
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: “As at 31 December 2025 the company's parent is Innova Renewables Limited and its ultimate”

Latest accounts · year to 31 Dec 2025

Key figures

Small team
Revenue
£7m
Growth ▲538.9%
Profit
−£13.6m
Growth —
Profit margin
−194.3%
Gross −13.4%
Employees
0
Change —
Profit / employee
—
 
Profitable streak
0yrs
Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202331 Dec 202431 Dec 2025
DisclosureFull P&Lread from filing textFull P&Lread from filing textFull P&Lread from filing text
Profit & loss
Revenue (turnover)£291k£1.1m£7m
Cost of sales£808k£1.1m£7.9m
Gross profit−£517k−£32.9k−£939k
Operating profit−£6.4m−£12.5m−£10.3m
Profit before tax−£7.1m−£2.3m−£13.6m
Profit after tax−£7.1m−£2.4m−£13.6m
Profit (best available)−£7.1m−£2.4m−£13.6m
Employees (average)000
Ratios
Profit margin−2428%−220.1%−194.3%
Gross margin−178.1%−3%−13.4%
Growth (year on year)
Revenue growth——▲538.9%
Balance sheet — indirect signals, not revenue
Cash at bank£413k£2.5m£5.4m
Net assets−£381k−£2.8m−£16.3m
Current assets£30.5m£31.9m£32.9m
Debtors£0£1£0
Deferred income£6.1m£0£6.1m
SourceFullAccounts · bulk data Jul 2024FullAccounts · bulk data Sep 2025FullAccounts · bulk data Sep 2026
Derived from the latest filing

How the business works

Profit margin
−194.3%
Profit ÷ revenue.
Gross margin
−13.4%
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
87.1%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
0%
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
—
Now −£16.3m
Cash at bank
▲118%
Now £5.4m
Headcount
—
Now 0
Deferred income
—
Now £6.1m
Fixed assets
—
Now —
Corporate ownership

Group structure

Ownership chain

  1. Innova Capital Limitedultimate parent75–100%
  2. Innova Renewables Limited75–100%
  3. Ir Dno Limitedthis company

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

Subsidiaries (30)

Sister companies (5)

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£13.6m), from the Companies House accounts bulk data published Sep 2026. 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.