THE SPORTING EXCHANGE 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

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  +19.7%

  £3,417,396,000 → £4,090,717,000

• Employees

  —

  Not reported

• Operating profit

  +248.8%

  -£18,711,000 → £27,838,000

• Profit before tax

  +3,269%

  £1,618,000 → £54,511,000

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

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. THE SPORTING EXCHANGE LIMITED 1999-08-27 → present
2. HEXAGON 233 LIMITED 1999-05-04 → 1999-08-27

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

KPMG, Chartered Accountants

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Director has no reason to believe that the parent company will not be in a position to provide the support referred to above and therefore, with the net current asset position and net asset position of £608.9m and £4,090.7m respectively at 31 December 2024 (2023: £602.3m and £3,417.4m), they have prepared the financial statements on a going concern basis.”

Group structure

1. THE SPORTING EXCHANGE LIMITED · parent
   1. Betfair Limited 100% · England and Wales · Support services
   2. TSE Holdings Limited 100% · England and Wales · Holding company
   3. FanDuel Limited 95% · Scotland · Fantasy sports betting and support services

Significant events

• “In April 2025, as part of a Group restructure plan, the Company issued one share and share premium totalling £38.8m, to parent company, Betfair Group Ltd, and subsequently subscribed for one share in its subsidiary, TSE Holdings Ltd for £38.8m.”
• “In 2025, The Sporting Exchange Limited disposed of the Betfair Brazil brand assets to the Company. The transaction comprised the transfer of trademarks registered in Brazil, associated social media accounts, and domain names. The disposal was conducted at fair market value, with consideration settled through the recognition of an intercompany receivable.”

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

Filings

3

last 12 months

Capital events

3

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.