Iceland: who owns it, who runs it and what the accounts show
Iceland Foods Limited's person with significant control on the Companies House register is Wd Ff Midco Limited. In the year to March 2025 Iceland Foods Limited reported turnover of £4,118m.
- In the year to March 2025, Iceland had turnover of £4,118m, down 0.0% on the year before.
- It made a pre-tax loss of £0.9m, losing £0.02 of every £100 of sales.
- It employed an average of 26,830 people, with staff costs of £469m.
- Iceland Foods Limited is controlled by Wd Ff Midco Limited, according to the Companies House register.
- These figures are from Iceland Foods Limited's accounts for the year to March 2025, filed at Companies House on 7 August 2025.
- Registered name
- ICELAND FOODS LIMITED
- Company number
- 01107406
- Status
- Active
- Incorporated
- 10 April 1973
- Registered office area
- Chester
- Industry code on the register
- 47110: Retail trade
- Accounts
- Single company accounts, this company only
- Accounts type
- Full accounts
- Latest accounts
- Year to March 2025, filed 7 August 2025
What does Iceland do?
Iceland is a supermarket chain best known for frozen food, also selling chilled food, groceries and household goods in its shops and online. It opened its first shop in Oswestry in 1970, is based in Deeside in North Wales, has more than 900 UK stores and also runs larger stores under The Food Warehouse name. It is privately owned by its founding families, and these figures are for Iceland Foods Limited, the Iceland trading company that files its own accounts in the UK.
In brief: frozen food supermarket · also runs The Food Warehouse · founded in Oswestry, 1970 · family owned
Source: Spark Intel editorial, checked 6 November 2026. Official website: iceland.co.uk.
Who owns Iceland?
The Companies House register records Wd Ff Midco Limited as the person with significant control of Iceland Foods Limited, company number 01107406. Wd Ff Midco Limited is itself company number 07912960.
That places Iceland Foods Limited inside a larger group. The accounts on this page are the company's own, not the wider group's.
The full ownership record is on the Companies House register. Control is given in the bands the register uses, not as exact shareholdings.
Who runs Iceland?
The Companies House register lists 6 current officers for Iceland Foods Limited.
All 6 current officers
| Officer | Appointed |
|---|---|
| Sir Malcolm Conrad Walker | 4 March 2005 |
| Tarsem Singh Dhaliwal | 4 March 2005 |
| Duncan Andrew Vaughan | 31 December 2014 |
| Richard Malcolm Walker | 13 September 2018 |
| Richard David Ewen | 9 June 2020 |
| Paul Singh Dhaliwal | 9 June 2020 |
Every current officer, with appointment dates, is on the Companies House register.
What did Iceland file?
Iceland Foods Limited reported turnover of £4,118m in the year to March 2025. That was down 0.0% on £4,118m the year before.
It reported 26,830 employees. The year before it reported 26,352.
It filed a pre-tax loss of £0.9m for the year, against a pre-tax profit of £16m the year before.
Staff costs came to £469m. That is an average of £17,000 a head. It ended the year with £124m at the bank and net assets of £707m.
| Measure | Mar 2025 | Mar 2024 |
|---|---|---|
| Turnover | £4,118m | £4,118m |
| Pre-tax profit | -£0.9m (filed) | £16m (filed) |
| Employees | 26,830 | 26,352 |
| Staff costs | £469m | £438m |
| Average staff cost per head | £17,000 | £17,000 |
| Bank and cash | £124m | £143m |
| Net assets | £707m | £712m |
| Interest paid | £88m | |
| Interest received | £10m | |
| Directors' pay | £18m |
Read the accounts to March 2025 (PDF, Companies House) · every accounts filing
What do these figures mean? Turnover vs profit · Profit per £100 · Cash vs profit · Net assets
Are there any charges against Iceland?
Iceland Foods Limited has registered 28 charges at Companies House, of which 8 are still outstanding. A charge is security a lender takes over a company's assets; one is satisfied when the lending behind it is repaid or released.
All 8 outstanding charges
| Charge holder | Created |
|---|---|
| Hsbc Corporate Trustee Company (UK) Limited (as Security Agent) | 12 October 2026 |
| Hsbc Corporate Trustee Company (UK) Limited as Security Agent | 20 June 2025 |
| Hsbc Corporate Trustee Company (UK) Limited | 10 August 2023 |
| Hsbc Corporate Trustee Company (UK) Limited (as Security Agent) | 22 February 2021 |
| Hsbc Corporate Trustee Company (UK) Limited (as Security Agent) | 29 May 2020 |
| Hsbc Corporate Trustee Company (UK) Limited | 9 November 2017 |
| Hsbc Corporate Trustee Company (UK) Limited | 20 September 2017 |
| Hsbc Corporate Trustee Company (UK) Limited as Security Agent | 21 July 2014 |
Each charge, with its holder and dates, is on the Companies House register.
How Iceland compares
Of the 10 supermarkets, Iceland is 8th on turnover, 7th on profit margin and 8th on growth. Tesco keeps the most of every £100 of sales: £3.26.
| Rank | Supermarkets | Turnover | Profit per £100 |
|---|---|---|---|
| 1st | Tesco | £73,712m | £3.26 |
| 8th | Iceland | £4,118m | −£0.02 |
| + 8 more supermarkets ranked |
Ranked by turnover. Profit per £100 is pre-tax profit for every £100 of turnover, shown only where the profit is filed.
Iceland files as Iceland Foods Limited, whose person with significant control is Wd Ff Midco Limited, with turnover of £4,118m in its latest filed year.
Questions about Iceland
What does Iceland do?
Iceland is a supermarket chain best known for frozen food, also selling chilled food, groceries and household goods in its shops and online. It opened its first shop in Oswestry in 1970, is based in Deeside in North Wales, has more than 900 UK stores and also runs larger stores under The Food Warehouse name. It is privately owned by its founding families, and these figures are for Iceland Foods Limited, the Iceland trading company that files its own accounts in the UK.
Is Iceland bigger than Aldi?
No, by turnover. Iceland reported £4,118m in its latest accounts, against £19,033m at Aldi. Our Iceland v Aldi page compares the two on profit, margin, growth and staff. Iceland v Aldi →
How does Iceland compare with its rivals?
By turnover, Iceland is 8th of the 10 companies in our battle of the supermarkets, behind Tesco. The battle ranks them on turnover, pre-tax profit, margin, growth and net assets. The battle of the supermarkets →
Who owns Iceland?
The Companies House register records Wd Ff Midco Limited as the person with significant control of Iceland Foods Limited.
How much does Iceland make?
Iceland Foods Limited reported turnover of £4,118m in the year to March 2025. It filed a pre-tax loss of £0.9m.
How many people work at Iceland?
Iceland Foods Limited reported 26,830 employees in the year to March 2025.
Who runs Iceland?
The Companies House register lists 6 current officers for Iceland Foods Limited. The full list, with appointment dates, is on the Companies House register.
- Figures come from Iceland Foods Limited's filings at Companies House, company number 01107406, for the period shown at the top of the page.
- These are single company accounts: they cover this company alone, not any wider group.
- Pre-tax profit is the figure the company filed, for both years.
- A figure the filing does not disclose is shown as n/d. A zero in the filing is treated as not disclosed, never as nil.
- Rounding: below £0.1m in thousands, from £0.1m to £2m to one decimal place, from £2m to the nearest million.
- Ownership is shown in the control bands the register of people with significant control uses, not as exact shareholdings.
- Officers' names and appointment dates come from the Companies House register. Job titles come from the company's own website. The description of what the company does comes from its website, or is marked Spark Intel editorial where it is written from stable, checked facts, with the date either way.
Spark Intel, “Iceland: who owns it, who runs it and what the accounts show”, updated 6 November 2026. https://www.spark-intel.co.uk/companies/iceland/. Figures from Companies House filings for ICELAND FOODS LIMITED (01107406).
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