OCTAVE IP LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. OCTAVE IP LIMITED 2020-06-08 → present
2. PRECIS 2775 LIMITED 2020-01-09 → 2020-06-08

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

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have considered the financial position and trading activities of the company, including forecasts, for the going concern assessment period to 31 March 2027 (the 'assessment period'). Given the utilisation of, and access to, the group facility indicated above, the ultimate parent undertaking, News Corporation (the 'Parent company') has provided a support letter indicating that they will continue to provide the financial support to enable the company to meet its liabilities as and when they fall due for the assessment period. The Parent Company will continue to review group and company liquidity needs in light of the business and financial impacts it may face in light of economic factors such as higher rates of interest and inflation and any mitigating actions which may be required. After making due enquiries and considering the forecasts of the News UK group, incorporating the impact of global macroeconomic inflationary pressures, the general challenging market environment, access to funds through the group facility and the Parent Company support, the directors have a reasonable expectation that the Company has adequate resources to continue in operation and meet its liabilities as they fall due for the going concern assessment period to 31 March 2027. These considerations include the company, as well as the wider News Corp group. Accordingly, the financial statements are prepared on the going concern basis.”

Significant events

• “Post year end, the shareholders have entered into an agreement where Bauer Radio Limited have agreed to sell their shares to News Corp UK and Ireland Limited.”
• “As of 30 June 2025, News Corp UK & Ireland Limited acquired 100% share equity in Octave IP Limited.”

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

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -19.2%

  £3,398,000 → £2,747,000

• Cash

  -88.2%

  £3,407,000 → £403,000

• Net assets

  -40.8%

  -£1,098,000 → -£1,546,000

• Employees

  —

  Not reported

• Operating profit

  -272.4%

  £243,000 → -£419,000

• Profit before tax

  -308.4%

  £215,000 → -£448,000

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