HUTCH GAMES LTD

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

Saffery 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 or the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. HUTCH GAMES LTD · parent
   1. Hutch Wheels Limited 100% · UK · Development of video games
   2. Hutch Hill Limited 100% · UK · Development of video games
   3. Hutch Drives Limited 100% · UK · Development of video games
   4. Hutch Games Canada Limited 100% · Canada · Development of video games
   5. Day1 Games Limited 100% · UK · Development of video games
   6. Hutch Limited 100% · UK · Development of video games

Significant events

• “The Company has had a flat trading performance for the year ended 31 December 2024. This is mainly due to the challenges with our User Acquisition activity and further investments made for our future titles as explained below, The Company continues to strives to take advantage of the video games market and it has continued to trade since the balance sheet date.”
• “The group made a loss after taxation of £1,777,248 (2023: loss of £1,315,757), which is a result of the group's investment made during the period by continuing to hire exceptional talent to accommodate the needs of our base players, adding more content as well as innovative events to keep our players engaged and further investments made for the launch of two new titles which was released in November 2023 and February 2024 respectively.”
• “The turnover for the year ended 31 December 2024 has decreased by 18% yearly as compared to revenues of period ended 31 December 2023. This is largely driven by the challenging User Acquisition market in general due to Apple's introduction of App Tracking Transparency making it harder to acquire highly converted players into all of our live ops games mainly F1 Clash, Top Drives and Forza Customs coupled with the fact that overall mobile gaming industry in general as a whole was stagnant for 2024.”
• “The directors expect the general level of activity to increase in the forthcoming year. This is as a result of the products potentially entering commercial production. Further development work has also begun on the next product that will be released to the market which has lead to us doing a recruitment drive well into the next financial year.”

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

Filings

6

last 12 months

Capital events

1

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  -1.5%

  £33,389,987 → £32,898,232

• Cash

  -13%

  £4,177,678 → £3,636,570

• Net assets

  -17.2%

  £10,314,106 → £8,535,448

• Employees

  +3.1%

  159 → 164

• Operating profit

  -5.6%

  -£4,695,346 → -£4,957,794

• Profit before tax

  -4.9%

  -£4,685,337 → -£4,916,670

• Wages

  +2.7%

  £9,417,482 → £9,669,231

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