TATTERSALLS LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The group meets its day-to-day working capital requirements through an overdraft facility that was renewed in November 2025. The group's forecasts and projections, which take into account likely variances in trading performance, seasonality of the sales including the timing of payments and receipts, show that the group should be able to operate within the level of its current facility. The group has no reason to expect that the ongoing support of Lloyds Bank PLC will not continue and therefore reasonably assumes that the existing facilities will be renewed. The directors have a reasonable expectation that the group has adequate resources to continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. TATTERSALLS LIMITED · parent
   1. Tattersalls (Ireland) Limited 100% · Ireland · bloodstock auctioneer
   2. Dunlin Investment Company Limited 100% · Ireland · holding company
   3. Osarus Holdings Limited 100%
   4. Dunridge Limited 100% · UK · horse racing and trading

Significant events

• “The 2024/25 financial year represented the second year recording the full impact of the Government's increase in corporation tax from 19% to 25%.”
• “Threats to the global bloodstock industry include potential withdrawal of major discretionary investors, danger of equine disease(s) preventing international movement and trade of bloodstock, rising costs and a falling foal crop in both the UK and in Ireland.”
• “Intrusive gambling affordability checks for owners and breeders in the UK, are an ongoing concern. The negative impact of the current UK government's focus on taxing personal wealth and businesses is likely to curtail additional investment and therefore further stifle economic growth. There is a concern that resulting reduced disposable incomes will threaten the number of existing and potential domestic owners.”
• “The industry risks becoming over reliant on outside investors which in itself is a high-risk long-term model in terms of losing key bloodstock to overseas breeders, coupled with comparably poorer prize money levels. Recent budget announcements included further enhancements in the minimum wage, increasing the burden on businesses already struggling with a range of rising operating costs. Additionally, whilst on the face of it not directly affecting racing, the range of tax increases imposed on the betting industry is still anticipated to have a negative and far-reaching impact on the racing and thoroughbred industry.”
• “At a local level, the unique nature of Newmarket as the historical home of horseracing is continuously threatened by a number of major planning applications for significant local housing developments as well as the approval of the Sunnica Energy Farm on 2,500 acres of agricultural land adjacent to the town.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

4

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +8.3%

  £36,551,000 → £39,576,000

• Cash

  +32.5%

  £18,388,000 → £24,360,000

• Net assets

  +4.8%

  £121,664,000 → £127,492,000

• Employees

  0%

  83 → 83

• Operating profit

  +151.5%

  £3,680,000 → £9,256,000

• Profit before tax

  +88.8%

  £5,840,000 → £11,024,000

• Wages

  +7.5%

  £7,748,000 → £8,332,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers