MACAULAY CAPITAL PLC

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

Hazlewoods LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Company law requires the Directors to consider the appropriateness of the going concern basis when preparing the financial statements. Having considered the period to 31 December 2027, the Directors confirm that they consider that adopting the going concern basis is appropriate. At 31 December 2025, the Group had cash balances of approximately £0.7 million and has access to £0.2 million from the exercise of the Founder Warrants as detailed in Note 15. Therefore, the Directors believe that the Group has sufficient resources to continue in operational existence for a period of at least 12 months from the approval of the financial statements.”

Group structure

1. MACAULAY CAPITAL PLC · parent
   1. Macaulay Management Limited 100% · England · Investment company

Significant events

• “On 11 February 2026, the Group announced the conditional disposal of one of its portfolio companies, ICA Group Ltd ("ICA"). The transaction has now been completed, and, for investors introduced by CAM, the consideration represented a return of up to 15.5 times their original investment in 2016, pre-performance fees.”
• “As a result of the return on the investment, management and performance fees are payable by certain ICA shareholders to Macaulay of £349,508.”

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

Filings

5

last 12 months

Capital events

2

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

  +2.2%

  £277,447 → £283,496

• Cash

  -32.6%

  £996,376 → £671,770

• Net assets

  -19.9%

  £2,136,337 → £1,711,248

• Employees

  0%

  4 → 4

• Profit before tax

  +15.1%

  -£500,474 → -£425,089

• Wages

  +16.8%

  £158,542 → £185,198

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