TSE (INTERNATIONAL) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-14 (in 5mo)
Last made up 2025-09-30
Watchouts
None on the register
Cash
£0
-100% vs 2023
Net assets
£540K
+5% vs 2023
Employees
0
Average over period
Profit before tax
£26K
-58.7% vs 2023
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | — | — | |
| Profit before tax | £62,229 | £25,702 | |
| Net profit | £62,229 | £25,702 | |
| Cash | £102 | £0 | |
| Total assets less current liabilities | £514,147 | £539,849 | |
| Net assets | £514,147 | £539,849 | |
| Equity | £514,147 | £539,849 | |
| Average employees | 0 | 0 | |
| Wages | — | — |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 64.1% | 6.2% | |
| Current ratio | 1.56x | 16.09x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101 Reduced Disclosure Framework
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The ultimate parent company; Flutter Entertainment plc, has formally indicated that group entities will not seek repayment of intercompany balances owed to those entities by the Company for at least the next twelve months from the approval of these financial statements. The Director has no reason to believe that the parent company will not be in a position to provide the support referred to above and therefore, with a net current asset position and net asset position of £0.5m and £0.5m respectively at 31 December 2024 (2023: £0.5m and £0.5m, respectively), they have prepared the financial statements on a going concern basis.”
Group structure
- TSE (INTERNATIONAL) LIMITED · parent
- Winslow Two 100%
- Winslow Four 100%
- Betfair International plc 100%
- TSE Malta LP 100%
- Betfair Italia S.R.L 100%
- Betfair International Spain S.A. 100%
- Fundación Flutter International 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KING, Christina | Secretary | 2024-07-01 | — | — |
| OZCAN, Recep | Director | 2019-05-01 | Sep 1974 | British |
| SMITH, Kevin | Director | 2014-02-24 | Nov 1976 | British |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BATY, Claire | Secretary | 2014-09-30 | 2015-06-17 |
| CRUDDACE, Martin John, Mr. | Secretary | 2004-12-07 | 2013-07-08 |
| HUBBLE, Justin, Mr. | Secretary | 2013-07-08 | 2013-10-17 |
| LYCKA, Martin | Secretary | 2013-10-17 | 2014-09-30 |
| MCSWEENEY, Catherinea | Secretary | 2015-06-17 | 2016-06-01 |
| PATEL, Pritti | Secretary | 2016-06-01 | 2019-05-01 |
| SEELEY, Jonathan | Secretary | 2019-05-01 | 2024-07-01 |
| WILLIAMS, David Owain Douglas | Secretary | 2004-01-20 | 2004-12-13 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2004-01-20 | 2004-01-20 |
| BROOKER, Mark | Director | 2012-11-09 | 2013-04-08 |
| CASSIDY, Nicholas John | Director | 2013-07-08 | 2014-02-24 |
| DAVIES, Mark | Director | 2004-01-20 | 2010-07-01 |
| HUBBLE, Justin Legarth | Director | 2013-04-08 | 2013-10-17 |
| LANE, Ross Michael | Director | 2013-07-08 | 2015-01-08 |
| MORANA, Stephen Gavin | Director | 2010-07-01 | 2012-12-03 |
| PATEL, Pritti | Director | 2016-03-24 | 2019-05-01 |
| RUSHTON, Paul | Director | 2015-01-08 | 2018-07-23 |
| RUSSELL, Fiona Hilary | Director | 2013-10-17 | 2016-03-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Sporting Exchange Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 93 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-05 | AA | accounts | Accounts with accounts type full | |
| 2025-06-10 | CH01 | officers | Change person director company with change date | |
| 2024-10-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-22 | AA | accounts | Accounts with accounts type full | |
| 2024-07-16 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-07-16 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-06-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-04 | AA | accounts | Accounts with accounts type full | |
| 2023-06-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-21 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-06-21 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-06-20 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-06-08 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-10-11 | AA | accounts | Accounts with accounts type full | |
| 2022-06-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-02 | AA | accounts | Accounts with accounts type full | |
| 2021-05-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-12 | AA | accounts | Accounts with accounts type full | |
| 2020-05-21 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
-100%
£102 £0
-
Net assets
+5%
£514,147 £539,849
-
Employees
—
Not reported
-
Profit before tax
-58.7%
£62,229 £25,702
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