PLATINUM TOPCO LIMITED

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

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At 31 December 2024 the Group had net liabilities of $147.4m (2023 - $159.2m), generated net profits of $12.0m (2023 - $2.7m), and generated net cash from operating activities of $62.8m (2023 - $49.6m) for the year then ended. Included in deriving these net profits (2023 - profits) are non-cash amortisation charges totalling $14.1m (2023 - $22.7m). A discretionary repayment of $18.5m was made against the outstanding loan during the year which did not have a material impact on going concern. Cash at bank and in hand at the period end was $80.8m (2023 - $53.7m). The directors have prepared financial forecasts and are satisfied the Group and Company will be able to operate within the existing facilities for the next twelve months following approval of these financial statements. The directors are confident that the forecasts will be achieved. In addition to the usual going concern forecasting process, the directors have assessed an additional downside scenario model. The hypothetical scenario used is a downside scenario representing a material underperformance of the Group and Company and been stress tested with extreme assumptions. The directors do not believe that the extreme assumptions are realistic outcomes, but if they do occur the directors have identified significant mitigating actions to maintain Smart Communications as a going concern. It is on that basis that the directors consider it appropriate to prepare the Group and Company financial statements on a going concern basis. During the year the directors have not identified any material uncertainties.”

Group structure

1. PLATINUM TOPCO LIMITED · parent
   1. Platinum Newco I Limited 100% · UK · Holding company
   2. Platinum Newco II Limited 100% · UK · Holding company
   3. Platinum Newco III Limited 100% · UK · Holding company
   4. SmartComms SC Limited 100% · UK · Software sales
   5. SmartComms, LLC 100% · USA · Software sales
   6. Intelledox Inc 100% · USA · Software sales
   7. SmartComms Pty Ltd 100% · Australia · Software sales
   8. Intelledox Pty Ltd 100% · Australia · Software sales
   9. Intelledox Asia PTE Ltd 100% · Singapore · Software sales
   10. Platinum Software Limited 100% · UK · Dormant
   11. Platinum Acquisition Limited 100% · UK · Holding company
   12. Platinum Midco Limited 100% · UK · Holding company
   13. Platinum Midco 2 Limited 100% · UK · Holding company
   14. Platinum (US) Acquisition, LLC 100% · USA · Holding company
   15. SmartComms Platinum AG 100% · Switzerland · Software sales
   16. SmartComms GmbH 100% · Germany · Software sales
   17. Smart Communications CCM Austria GmbH 100% · Austria · Software sales
   18. SmartComms Platinum Pte Ltd 100% · Singapore · Software sales

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

Filings

19

last 12 months

Capital events

12

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

  +10.4%

  £109,891,030 → £121,291,327

• Cash

  +50.3%

  £39,839,881 → £59,865,827

• Net assets

  +7.4%

  -£118,031,875 → -£109,286,879

• Employees

  -0.5%

  404 → 402

• Operating profit

  +54.2%

  £17,659,007 → £27,226,835

• Profit before tax

  +272.8%

  £4,189,770 → £15,620,460

• Wages

  +2.1%

  £43,579,689 → £44,482,580

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