SPREADEX LIMITED

1. SPREADEX LIMITED 1999-08-24 → present
2. FORAY 1199 LIMITED 1999-02-25 → 1999-08-24

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

Hillier Hopkins LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.”

Group structure

1. SPREADEX LIMITED · parent
   1. Sporting Index Limited 100% · UK

Significant events

• “Spreadex's acquisition of Sporting Index Limited remains subject to a review from the Competition and Markets Authority, the outcome of which is expected to be known in September 2025.”
• “On the 28 December 2023, the Competition and Markets Authority (CMA) opened an investigation into whether Spreadex's completed acquisition of Sporting Index Limited had led to a substantial lessening of competition (SLC) in the relevant market. On 17 April 2024 the case was referred to Phase 2 of the CMA's investigation procedures with a statutory deadline of 26 November 2024. On 5 March 2025 the Competition Appeal Tribunal referred the case back to the CMA for remittal to reconsider. On 5 June 2025 the CMA provisionally found an SLC as part of its remittal investigation. The final remittal report is expected in September 2025. At the date of these financial statements, the investigation is still ongoing and the outcome is uncertain. Consequently no adjustments have been recognised in these financial statements.”
• “After the reporting date, the group discontinued its online casino operations as part of a strategic restructuring. This decision was approved by the board during the current financial year, and no adjustments have been made to these financial statements in respect of this decision.”

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

Filings

2

last 12 months

Capital events

0

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

  +1.3%

  £103,269,976 → £104,583,723

• Cash

  +97.3%

  £49,413,504 → £97,480,612

• Net assets

  +4.8%

  £128,063,834 → £134,242,955

• Employees

  +4.7%

  193 → 202

• Operating profit

  +0.8%

  £39,771,264 → £40,090,652

• Profit before tax

  +2.3%

  £42,236,396 → £43,218,930

• Wages

  -10%

  £21,467,202 → £19,313,042

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