FP 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

IFRS

Reporting scope

Consolidated group

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have performed an assessment of going concern, including a review of the Group's current cash position and available working capital, financial forecasts for 2025, 2026 and 2027 and the ability to adhere to the covenants when applicable, contained within the Group's financing agreements. It is on this basis that the Directors have a reasonable expectation that, in the base case and reasonably foreseeable downside scenarios, the Group will have adequate resources to continue in operational existence for at least twelve months from the date of approval of these financial statements and have not identified a material uncertainty in this regard. Thus, the Directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. FP TOPCO LIMITED · parent
   1. FP Midco 1 Limited 100% · England and Wales · Holding company
   2. Invenio Group Limited 100% · England and Wales · Holding company
   3. The Football Pools Limited 100% · England and Wales · Pool betting and gaming
   4. UK Lottery Management Limited 100% · England and Wales · Management of charity lotteries
   5. Football Pools 1923 Limited 100% · England and Wales · Asset hiring
   6. TFPL Financial Services Limited 100% · England and Wales · Database income

Significant events

• “The transaction was concluded on 30th January 2024.”
• “On 31st January 2025 the Group renegotiated its Senior Facilities Agreement with HOF I FIH S.a.r.l. (Hoplon), extending the term of the loan to July 2027. Hoplon also made available to the Group additional loan facilities, being tranche E: £625k and tranche F: £2,000k.”
• “On the 27th March the Group agreed to make a regulatory settlement of £375,000 to socially responsible purposes as a result of a regulatory review carried out by the Gambling Commission in relation to the remote operating licence of The Football Pools Limited. This amount will be paid in 2025, and an accrual in the 2024 financial statements has been made.”
• “During the period accumulated preference share interest of £2,627k was waived as part of a capital reconstruction which saw 41,045k of preference shares converted to ordinary shares with £41,041k moved to the share premium account”
• “In April 2024 the Group undertook a share reorganisation. All existing A, B, C, D, deferred and preference shares were redesignated as ordinary shares with a par value of £0.0001. In December 2024 21,307,717 B shares were issued with a par value of £1.000. Consideration received was in the form of redemption of loan note payable to the shareholder and as such there were no cash flows.”

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

Filings

11

last 12 months

Capital events

4

last 24 months

Officers appointed

3

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

  -10.9%

  £21,070,000 → £18,781,000

• Cash

  +25.7%

  £2,046,000 → £2,571,000

• Net assets

  +134.8%

  -£59,128,000 → £20,601,000

• Employees

  -11.7%

  154 → 136

• Operating profit

  +53.6%

  -£13,040,000 → -£6,047,000

• Profit before tax

  +58.5%

  -£21,139,000 → -£8,775,000

• Wages

  -2.5%

  £4,687,000 → £4,568,000

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