FLEET FINCO LIMITED
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Next accounts due
2027-03-31 (in 10mo)
Last filed for 2025-06-30
Confirmation statement due
2026-06-07 (in 1mo)
Last made up 2025-05-24
Watchouts
None on the register
Cash
£97M
-8.8% vs 2024
Net assets
-£87M
+42.2% vs 2024
Employees
1,454
+8.1% vs 2024
Profit before tax
£93M
+45.2% vs 2024
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2025-06-30
| Metric | Trend | 2024-06-30 | 2025-06-30 |
|---|---|---|---|
| Turnover | £339,823,573 | £371,163,084 | |
| Operating profit | £128,760,563 | £154,670,126 | |
| Profit before tax | £64,021,497 | £92,936,249 | |
| Net profit | £41,326,168 | £63,323,944 | |
| Cash | £106,826,538 | £97,373,610 | |
| Total assets less current liabilities | £786,804,299 | £789,106,746 | |
| Net assets | -£150,040,771 | -£86,783,543 | |
| Equity | -£150,040,771 | -£86,783,543 | |
| Average employees | 1,345 | 1,454 | |
| Wages | £102,233,506 | £112,502,595 |
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 | 2024-06-30 | 2025-06-30 |
|---|---|---|---|
| Operating margin | 37.9% | 41.7% | |
| Net margin | 12.2% | 17.1% | |
| Return on capital employed | 16.4% | 19.6% | |
| Gearing (liabilities / total assets) | 114.9% | 108.4% | |
| Current ratio | 0.86x | 0.92x | |
| Interest cover | 1.87x | 2.34x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Group has a robust capital structure, comprising ordinary shares and a senior bank debt, and access to a revolving credit facility. Strong business model with revenue derived from subscriptions and high renewal rate. Directors conclude it appropriate to adopt the 'going concern' basis after reviewing plans and forecasts for 12 months post audit report signing date.”
Group structure
- FLEET FINCO LIMITED · parent
- Fleet Midco Limited 100%
- Fleet Midco I Limited 100%
- Fleet Midco II Limited 100%
- Fleet Bidco Limited 100%
- Fleet U.S. Bidco Inc. 100%
Significant events
- “Subsequent to the year end, the interest margin on the Term Loan B (TLB) facility decreased by 25 basis points to 2.50%, in accordance with a step-down provision embedded within the lender agreement.”
- “No other matters or circumstances have arisen since 30 June 2025 that have significantly affected, or may significantly affect, the Group's operations, the results of those operations, or the Group's state of affairs in future financial years.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ASHMAN, Stuart John | Secretary | 2017-04-28 | — | — |
| ASHMAN, Stuart John | Director | 2017-03-29 | May 1965 | Australian |
| BINKS, Mark Adrian | Director | 2024-07-16 | Aug 1954 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GIVEN, Andrew John | Secretary | 2016-05-26 | 2017-04-28 |
| BURKLEY, Matthew Prat | Director | 2018-07-01 | 2024-07-16 |
| GIVEN, Andrew John | Director | 2016-05-26 | 2018-06-30 |
| LANNING, Christopher Glenn | Director | 2016-05-26 | 2017-03-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Mark Adrian Binks | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-02-21 | Active |
| Fleet Topco Limited | Corporate entity | Shares 75–100% | 2016-05-26 | Ceased 2016-05-26 |
Filing timeline
Last 20 of 45 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-04-19 RESOLUTIONS Resolution
- 2022-07-11 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-07 | AA | accounts | Accounts with accounts type group | |
| 2025-06-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-10 | AA | accounts | Accounts with accounts type group | |
| 2024-07-23 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-16 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-03 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-05-03 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-04-19 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-04-19 | CAP-SS | insolvency | Legacy | |
| 2024-04-19 | RESOLUTIONS | resolution | Resolution | |
| 2024-04-19 | SH20 | capital | Legacy | |
| 2023-11-24 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-11-03 | AA | accounts | Accounts with accounts type group | |
| 2023-06-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-17 | AA | accounts | Accounts with accounts type group | |
| 2022-07-12 | SH15 | capital | Capital reduction of capital redomination | |
| 2022-07-12 | SH14 | capital | Capital redomination of shares | |
| 2022-07-11 | SH18 | capital | Capital statement directors reduction of capital following redomination | |
| 2022-07-11 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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
FY2024 → FY2025 · period ending 2025-06-30 vs 2024-06-30
-
Turnover
+9.2%
£339,823,573 £371,163,084
-
Cash
-8.8%
£106,826,538 £97,373,610
-
Net assets
+42.2%
-£150,040,771 -£86,783,543
-
Employees
+8.1%
1,345 1,454
-
Operating profit
+20.1%
£128,760,563 £154,670,126
-
Profit before tax
+45.2%
£64,021,497 £92,936,249
-
Wages
+10%
£102,233,506 £112,502,595
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