HORIZON 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

“The Directors have assessed the Group's and Company's ability to adopt a going concern basis of accounting. In coming to their conclusion, the Directors have a reasonable expectation that the Company and the Group have adequate resources to continue in operational existence for the foreseeable future, being a period of at least 12 months from the date of approval of these financial statements. The Directors forecasts demonstrate that the Group is expected to generate profits and cash in the year ending 31 December 2025 and beyond and that the Group has sufficient cash reserves and banking facilities to enable the Group to meet its obligations as they fall due for a period of at least 12 months from the date of signing of these financial statements. As such, the directors are satisfied that the Group has adequate resources to continue to operate for the foreseeable future.”

Group structure

1. HORIZON TOPCO LIMITED · parent
   1. Horizon Midco 1 Ltd 100% · UK · Recruitment services
   2. Horizon Bidco 1 Ltd 100% · UK · Recruitment services
   3. Spencer Ogden Ltd 100% · UK · Recruitment services
   4. Spencer Ogden International Limited 100% · UK · Recruitment services
   5. Spencer Ogden International Limited - Taiwan Branch 100% · Taiwan · Recruitment services
   6. Spencer Ogden Inc 100% · USA · Recruitment services
   7. Spencer Ogden Pte Ltd 100% · Singapore · Recruitment services
   8. Spencer Ogden Consulting Sdn Bhd 49% · Malaysia · Recruitment services
   9. Agensi Pekerjaan Spencer Ogden Sdn Bhd 49% · Malaysia · Recruitment services
   10. Spencer Ogden (Hong Kong) Ltd 100% · Hong Kong · Recruitment services
   11. Spencer Ogden (Canada) Ltd 100% · Canada · Recruitment services
   12. Spencer Ogden (South Africa) (Pty) Ltd 100% · South Africa · Recruitment services
   13. Spencer Ogden (Australia) Pty Ltd 100% · Australia · Recruitment services
   14. Spencer Ogden (Germany) GmbH 100% · Germany · Recruitment services
   15. Spencer Ogden Consulting Ltd 100% · UK · Recruitment services
   16. Spencer Ogden Manpower Consulting (Shanghai) Private Limited 100% · China · Recruitment services

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

Filings

14

last 12 months

Capital events

9

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -8.2%

  £156,830,000 → £143,933,000

• Cash

  +78.2%

  £2,787,000 → £4,966,000

• Net assets

  -32%

  -£25,194,000 → -£33,260,000

• Employees

  -20.4%

  348 → 277

• Operating profit

  -246.9%

  £510,000 → -£749,000

• Profit before tax

  -33.4%

  -£5,485,000 → -£7,319,000

• Wages

  -20.6%

  £23,157,000 → £18,387,000

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