GINGER TOPCO LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-12-25 (in 7mo)
Last made up 2025-12-11
Watchouts
Cash
£3M
+30.1% vs 2024
Net assets
-£58M
-30.9% vs 2024
Employees
286
-0.3% vs 2024
Profit before tax
-£13M
-77% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
However, the group is nearing the end of its private equity life cycle and, should a sale occur in the future, it is expected that only Alston Elliot Limited and its subsidiaries would be included in any transaction. In such circumstances, the company, Ginger Topco Limited, would cease to operate as a holding company. This gives rise to a material uncertainty that may cast significant doubt on the group's and company's ability to continue as a going concern.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £29,937,151 | £27,184,245 | |
| Operating profit | -£43,968 | -£4,298,096 | |
| Profit before tax | -£7,280,522 | -£12,887,469 | |
| Net profit | -£7,984,938 | -£13,432,182 | |
| Cash | £2,267,690 | £2,950,602 | |
| Total assets less current liabilities | £24,837,133 | £19,280,163 | |
| Net assets | -£44,011,755 | -£57,617,324 | |
| Equity | -£44,011,755 | -£57,617,324 | |
| Average employees | 287 | 286 | |
| Wages | £11,366,558 | £11,651,490 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | -0.1% | -15.8% | |
| Net margin | -26.7% | -49.4% | |
| Return on capital employed | -0.2% | -22.3% | |
| Gearing (liabilities / total assets) | 248.0% | 331.5% | |
| Current ratio | 1.66x | 1.36x | |
| Interest cover | -0.01x | -0.50x |
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
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“However, the group is nearing the end of its private equity life cycle and, should a sale occur in the future, it is expected that only Alston Elliot Limited and its subsidiaries would be included in any transaction. In such circumstances, the company, Ginger Topco Limited, would cease to operate as a holding company. This gives rise to a material uncertainty that may cast significant doubt on the group's and company's ability to continue as a going concern.”
Group structure
- GINGER TOPCO LIMITED · parent
- AEL Assets Holding (Proprietary) Limited 100%
- Alston Elliot India (Private) Limited 99.99%
- Alston Elliot Limited 100%
- Alston Elliot South Africa (Proprietary) Limited 68.63%
- Ginger Bidco Limited 100%
- Ginger Midco Limited 100%
- AE.Live US Inc 100%
- AE.Live Singapore Private Limited 100%
- Namadgi Systems (Proprietary) Limited 100%
- Namadgi NZ Limited 100%
- AE. Live Malaysia SDN BHD 100%
- Silver Spoon Animation Inc 100%
Significant events
- “The business successfully delivered services for clients on the UEFA Euro Championships in Germany, the Paris Olympics, the Super Bowl in New Orleans, the ICC T20 World Cup in the USA and West Indies as well as a host of FIFA events, cementing its global reputation in delivering high end graphics services at these large, premier events.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAILY, Nicholas Roy | Director | 2017-12-22 | Oct 1969 | British |
| MAINWARING, Andrew Dafyd | Director | 2017-12-12 | Dec 1971 | British |
| WOOTTON, Richard | Director | 2017-12-12 | Dec 1987 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HOLNESS, Andrew Stephen | Director | 2017-12-22 | 2025-07-25 |
| MAINWARING, Andrew | Director | 2017-12-12 | 2017-12-13 |
| VAUGHAN, Andrew Derek | Director | 2018-01-24 | 2025-06-25 |
| WOOTTON, Richard | Director | 2017-12-12 | 2017-12-13 |
| HUNTSMOOR LIMITED | Corporate Director | 2017-12-12 | 2017-12-13 |
| HUNTSMOOR NOMINEES LIMITED | Corporate Director | 2017-12-12 | 2017-12-13 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 49 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-08-04 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-11 | AA | accounts | Accounts with accounts type group | |
| 2026-01-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-12 | AA | accounts | Accounts with accounts type group | |
| 2023-12-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-17 | AA | accounts | Accounts with accounts type group | |
| 2023-02-02 | AA | accounts | Accounts with accounts type group | |
| 2022-12-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-08-04 | RESOLUTIONS | resolution | Resolution | |
| 2022-04-06 | SH01 | capital | Capital allotment shares | |
| 2022-03-11 | SH06 | capital | Capital cancellation shares | |
| 2022-03-11 | SH03 | capital | Capital return purchase own shares | |
| 2021-12-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-20 | AA | accounts | Accounts with accounts type group | |
| 2021-03-15 | AA | accounts | Accounts with accounts type group | |
| 2020-12-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-11 | CH01 | officers | Change person director company with change date | |
| 2020-12-08 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 2
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 2025-03-31 vs 2024-03-31
-
Turnover
-9.2%
£29,937,151 £27,184,245
-
Cash
+30.1%
£2,267,690 £2,950,602
-
Net assets
-30.9%
-£44,011,755 -£57,617,324
-
Employees
-0.3%
287 286
-
Operating profit
-9,675.5%
-£43,968 -£4,298,096
-
Profit before tax
-77%
-£7,280,522 -£12,887,469
-
Wages
+2.5%
£11,366,558 £11,651,490
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