EXHIBITION FINANCE PLC

1. EXHIBITION FINANCE PLC 2021-08-04 → present
2. BIFURCATE FUNDING PLC 2021-08-02 → 2021-08-04
3. BIFURCATE FUNDING LIMITED 2011-02-03 → 2021-08-02

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

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of at least 12 months from the date of this report. No significant change is expected in the nature of the business, in that it will hold receivables, financed by loans. On a group level, the directors of the Group have considered the adoption of the going concern basis in preparing the financial statements given the economic climate and have formed the conclusion that there are no material uncertainties with respect to the Group's ability to continue as a going concern for the foreseeable future.”

Significant events

• “In July 2024, we increased the size of our EFP committed securitisation facility by £150 million; from £850 million to £1,000 million with our existing lenders.”
• “In February 2025, we completed the extension of the revolving period end date of the EFP facility by 1 year, from November 2025 to November 2026.”
• “In March 2025, Bridgepoint injected £50 million as a zero-coupon Junior Mezzanine note to fund the collateral gap in EFP, with repayment expected via surplus receivables by FY2027.”
• “There have been no reportable subsequent events between the balance sheet date and the date of signing the Financial Statements.”

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

Filings

3

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

  —

  Not reported

• Cash

  -26.1%

  £28,165,000 → £20,822,000

• Net assets

  +96.7%

  £2,778,000 → £5,464,000

• Employees

  —

  Not reported

• Operating profit

  0%

  £10,000 → £10,000

• Profit before tax

  0%

  £10,000 → £10,000

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