HEART OF MIDLOTHIAN PLC

• ⚠

  Insolvency history on file

  Companies House holds prior insolvency events for this company. Detail and outcome on the official register.

• ◆

  4 officer resignations in last 12 months

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

1. HEART OF MIDLOTHIAN PLC 1997-07-07 → present
2. HEART OF MIDLOTHIAN FOOTBALL CLUB P.L.C. 1905-04-29 → 1997-07-07

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

Johnston Carmichael LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. In adopting this basis, the directors have considered the company's current financial position and forecast cash flows. The directors have a reasonable expectation that the company has adequate resources to continue as a going concern for a period of at least twelve months from the date of approval of these financial statements.”

Group structure

1. HEART OF MIDLOTHIAN PLC · parent
   1. Tynecastle Events Limited 100% · Scotland · Dormant

Significant events

• “Financial Year 2024/25 ultimately proved to be one of upheaval, particularly relating to on field matters. Given the stability of the club in recent years, it was truly out of the ordinary to part company with two permanent Head Coaches in one season.”
• “A record front-of-shirt sponsorship deal with Stellar Omada was launched, along with many other new commercial partnerships, including the announcement that Hummel would return to Hearts as its new technical kit supplier in what would be another record-breaking deal.”
• “The club welcomed Graeme Jones as its new Sporting Director following the departure of Joe Savage.”
• “Tony Bloom's proposed investment in the club for 29% of the shares for £9.86m was overwhelmingly voted through by 98.5% of FOH members and approved by the club's Board of Directors. The investment completed on 25th June 2025.”
• “Ann Budge, the Chair for over 10 years, announced her decision to stand down, with a formal handover of the reins to a new Chair at the next AGM in December 2025.”

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

Filings

16

last 12 months

Capital events

1

last 24 months

Officers appointed

5

last 12 months

Officers resigned

4

last 12 months

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

• Turnover

  +20.7%

  £20,250,000 → £24,441,000

• Cash

  +393.5%

  £2,079,000 → £10,259,000

• Net assets

  +38.4%

  £19,971,000 → £27,639,000

• Employees

  +14.6%

  424 → 486

• Profit before tax

  +55.1%

  -£4,441,000 → -£1,996,000

• Wages

  +15.1%

  £14,715,000 → £16,944,000

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