PLAY SPORTS NETWORK LIMITED

1. PLAY SPORTS NETWORK LIMITED 2014-07-02 → present
2. GLOBAL CYCLING NETWORK LIMITED 2012-10-23 → 2014-07-02

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

Auditor

Bishop Fleming Audit Limited

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 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.”

Significant events

• “In June 2024 WBD Sports Holding Limited (formerly Play Sports Group Limited) reduced its shareholding in Play Sports Network Limited from a majority shareholding to a minority shareholding. As a result, there is now considered to be no ultimate controlling party of Play Sports Network Limited from June 2024 onwards.”
• “On 10 June 2024, WBD Sports Holding Limited. by way of capital contribution, agreed to contribute its £33,197,502 debt outstanding from Play Sports Network Limited, for no consideration. This was a significant non-cashflow transaction.”
• “On 7 April 2025, the Company agreed to exit the onerous lease commitment and settle the dilapidations provision for consideration of £1,360,000.”
• “On 7 April 2025, the Company issued 191,265 Deferred shares to Warner Bros. Discovery Inc, for consideration of £191,265.”
• “On 5 June 2025, the Company issued 1,397,260 Deferred shares to Warner Bros. Discovery Inc, for consideration of £1,397,260.”
• “On 22 September 2025, the Company issued 1 A Ordinary share to S.A. Wear Limited for consideration of £1 which was subsequently converted to 1 Deferred share.”
• “On 23 September 2025, the Company cancelled 3,108,209 Deferred shares.”

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

Filings

9

last 12 months

Capital events

9

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

  -57.4%

  £24,072,853 → £10,257,433

• Cash

  -27.8%

  £3,802,898 → £2,746,299

• Net assets

  +103.8%

  -£33,363,490 → £1,252,181

• Employees

  -49.1%

  216 → 110

• Operating profit

  +99.7%

  -£9,436,146 → -£31,204

• Profit before tax

  +99.7%

  -£9,436,146 → -£31,204

• Wages

  -53.4%

  £11,256,075 → £5,241,578

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