FF&P SPECIAL SITUATIONS III LLP

• ⚠

  Material uncertainty over going concern

  The financial statements have been prepared on the break-up basis, which assumes that the LP will no longer be in operational existence 12 months from the date of approval of these financial statements. The sole remaining asset in the Fund was sold in July 2025. Consequently, the Fund will be closed following the liquidation of all remaining capital.

1. FF&P SPECIAL SITUATIONS III LLP 2007-09-13 → present
2. SPECIAL SITUATIONS III LLP 2007-01-08 → 2007-09-13

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

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The financial statements have been prepared on the break-up basis, which assumes that the LP will no longer be in operational existence 12 months from the date of approval of these financial statements. The sole remaining asset in the Fund was sold in July 2025. Consequently, the Fund will be closed following the liquidation of all remaining capital.”

Significant events

• “In October 2024, an Optimity Follow-On investment to acquire a further IT managed services business was completed. There were no drawdowns during the year. There were no distributions during the year.”
• “The sole remaining asset in the Fund, Optimity Holdings Limited, was sold on 3 July 2025.”

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

Filings

2

last 12 months

Capital events

0

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

  —

  Not reported

• Cash

  -5.5%

  £727,746 → £687,358

• Net assets

  -39.2%

  £1,500,110 → £911,740

• Employees

  —

  Not reported

• Operating profit

  -1,666.9%

  -£32,887 → -£581,091

• Profit before tax

  -1,666.9%

  -£32,887 → -£581,091

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