9,10-Phenanthrenequinone di-imine (H2pqd) reacts with [Ir(NO)(MeCN)3(PPh3)2]2+ yielding the expected five-co-ordinate [Ir(NO)(H2pqd)(PPh3)2]2+ which, by treatment with weak bases, gives the monocationic title compound, whose structure has been determined crystallographically. The compound is monoclinic, space group P21, with a= 10.867(4), b= 22.423(8), c= 9.227(4)A, β= 101.12(4)°, and Z= 2. It contains a phosphazene–Imido-ligand, formed by transfer of a triphenylphosphine group from the metal to an imino-nitrogen atom, a nitrosyl group, and a triphenylphosphine molecule, in a nearly square-planar arrangement.