QPR HOLDINGS LIMITED

• ⚠

  Insolvency history on file

  Companies House holds prior insolvency events for this company. Detail and outcome on the official register.

• ⚠

  Material uncertainty over going concern

  We draw attention to Note 1c to the financial statements, which states that the Group incurred a net loss of £20.1m during the year ended 31 May 2025 and, as of that date, the Group's net current liabilities were £108.8m (2024 - £88.6m). The Group and the Parent Company are reliant on the three main shareholders for the provision of additional funding together with the non-recall of loans already advanced to the Group and the Parent Company. While deeds of support from the Ultimate controlling party and majority shareholders have been provided to the Group and the Parent Company confirming these intentions, it is not legally binding and therefore does not guarantee that such support will be available. As stated in Note 1c, these events or conditions, along with other matters set forth in Note 1c, indicate that a material uncertainty exists that may cast significant doubt on the Group's and the Parent Company's ability to continue as a going concern.

1. QPR HOLDINGS LIMITED 2004-09-22 → present
2. QPR HOLDINGS PLC 2003-05-16 → 2004-09-22
3. LOFTUS ROAD PLC 1996-07-03 → 2003-05-16
4. MALTRENT PLC 1996-05-13 → 1996-07-03

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

BDO LLP, Statutory Auditor

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to Note 1c to the financial statements, which states that the Group incurred a net loss of £20.1m during the year ended 31 May 2025 and, as of that date, the Group's net current liabilities were £108.8m (2024 - £88.6m). The Group and the Parent Company are reliant on the three main shareholders for the provision of additional funding together with the non-recall of loans already advanced to the Group and the Parent Company. While deeds of support from the Ultimate controlling party and majority shareholders have been provided to the Group and the Parent Company confirming these intentions, it is not legally binding and therefore does not guarantee that such support will be available. As stated in Note 1c, these events or conditions, along with other matters set forth in Note 1c, indicate that a material uncertainty exists that may cast significant doubt on the Group's and the Parent Company's ability to continue as a going concern.”

Group structure

1. QPR HOLDINGS LIMITED · parent
   1. Queens Park Rangers Football & Athletic Club Limited 100% · England and Wales · professional football club

Significant events

• “In June 2025, Julien Stephan was appointed as Head Coach; coaching team strengthened with Steve Bould, Rudy Cuni, Alou Diarra.”
• “During the 2025 summer transfer window, Kwame Poku, Amadou Mbengue, Rumarn Burrell, Richard Kone, Koki Saito, Isaac Hayden, Kealey Adamson, Tylon Smith and Jaylan Pearman were secured on permanent transfers.”
• “Temporary transfer of Karamoko Dembele converted into a permanent transfer; Jimmy Dunne's contract renewed and he was made Club Captain for 25/26 season.”
• “Charlie Kelman transferred to Charlton Athletic. Jack Colback, Morgan Fox, Lucas Andersen, and Kenneth Paal departed due to contracts expiring.”
• “QPR Women's Team transferred to QPR Holdings Limited, incurred £260,000 cost, and is now based at the TSG Elite Training & Performance Centre.”
• “On 15 May 2025 the Company capitalised £13.5m of shareholder loans (2024: £5.6m).”
• “On 19 September 2025, Board accepted request for an extension of the £10,000,000 bond (issued 2 Nov 2020) for a further 5 years to 2 November 2030 at a rate of 8%.”
• “On 20 October 2025, shareholder loans amounting to £3.7m were capitalised and allotted into 370,000,000 ordinary shares.”

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

Filings

4

last 12 months

Capital events

3

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +8.3%

  £25,891,000 → £28,028,000

• Cash

  -14.4%

  £2,226,000 → £1,906,000

• Net assets

  -10.1%

  -£64,790,000 → -£71,341,000

• Employees

  0%

  176 → 176

• Operating profit

  -36.9%

  -£15,184,000 → -£20,793,000

• Profit before tax

  -48.2%

  -£13,534,000 → -£20,051,000

• Wages

  +15%

  £20,895,000 → £24,035,000

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