WINTERFLOOD SECURITIES LIMITED

• ◆

  Material uncertainty over going concern

  On 25th July 2025, following a comprehensive strategic review, Close Brothers Group plc, the ultimate parent company, agreed to sell the company to Marex Group plc. The transaction is subject to regulatory approval and expected to complete either late in the 2025 calendar year, or early in the 2026 calendar year... These circumstances are considered to create a material uncertainty which may cast significant doubt over the Company's ability to continue as a going concern.

• ◆

  8 officer resignations in last 12 months

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

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. 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.

1. WINTERFLOOD SECURITIES LIMITED 1988-04-14 → present
2. HACKREMCO (NO. 403) LIMITED 1988-04-08 → 1988-04-14

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“On 25th July 2025, following a comprehensive strategic review, Close Brothers Group plc, the ultimate parent company, agreed to sell the company to Marex Group plc. The transaction is subject to regulatory approval and expected to complete either late in the 2025 calendar year, or early in the 2026 calendar year... These circumstances are considered to create a material uncertainty which may cast significant doubt over the Company's ability to continue as a going concern.”

Group structure

1. WINTERFLOOD SECURITIES LIMITED · parent
   1. Winterflood Gilts Limited 1% · United Kingdom · nominees for other group companies
   2. W.S. (Nominees) Limited 1% · United Kingdom · nominees for other group companies
   3. Winterflood Client Nominees Limited 1% · United Kingdom · nominees for other group companies
   4. Winterflood Jersey Limited 1% · Channel Islands · offshore dealing and custody operation
   5. Winterflood Jersey Nominees Limited 1% · Channel Islands · nominees for other group companies

Significant events

• “On 25th July 2025, following a comprehensive strategic review, Close Brothers Group plc, the ultimate parent company, agreed to sell Winterflood Securities Limited, to Marex Group plc. The transaction is subject to regulatory approval and expected to complete either late in the 2025 calendar year, or early in the 2026 calendar year.”
• “On 30th October, the Company entered into a loan extension agreement for the revolving credit facility (£30m), which will remain in effect while the Company is part of CBG or until 30th November 2026, whichever is earlier.”
• “On 30th October, the Company entered into a loan extension agreement with Close Brothers Holdings Limited for £0.7m, which will remain in effect while the Company is part of CBG or until 30th November 2026, whichever is earlier.”

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

Filings

20

last 12 months

Capital events

0

last 24 months

Officers appointed

4

last 12 months

Officers resigned

8

last 12 months

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