FIC SHARECO LIMITED

• ◆

  4 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  -5.3%

  £658,037,000 → £623,276,000

• Cash

  +391.2%

  £18,113,000 → £88,979,000

• Net assets

  +213.5%

  -£260,973,000 → £296,319,000

• Employees

  -13.3%

  4,460 → 3,867

• Operating profit

  +37.2%

  -£146,436,000 → -£91,946,000

• Profit before tax

  +32.4%

  -£158,565,000 → -£107,175,000

• Wages

  -2.1%

  £151,092,000 → £147,877,000

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

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. FIC SHARECO LIMITED 2025-10-30 → present
2. THE HUT.COM LIMITED 2004-02-13 → 2025-10-30
3. HURRELL LIMITED 2004-01-15 → 2004-02-13

Accounting basis

UK-adopted IFRS

Reporting scope

Consolidated group

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors are of the opinion that the Group's forecasts and projections, which they believe are based on an appropriate assessment of the market and taking account of reasonably possible changes in trading performance given the current market and economic conditions, show that the Group can operate on a continuing basis.”

Group structure

1. FIC SHARECO LIMITED · parent
   1. THG OnDemand Limited 100% · England and Wales · Online retailing
   2. Arrow Film Distributors Limited 100% · England and Wales · Motion picture distributor
   3. City A.M. Limited 100% · England and Wales · Financial and business newspaper
   4. THG Studios Limited 100% · England and Wales · Visual content producer
   5. The Hut.com (Poland) SP. z.o.o. 100% · Poland · Warehouse and distribution

Significant events

• “On 17 September 2024 THG PLC announced that it was progressing options for the demerger of THG Ingenuity into an independent private company and thereafter launched a placing, subscription and retail offer to facilitate the demerger.”
• “On 27 December 2024, the demerger was approved following a Shareholders General Meeting. The demerger completed on 2 January 2025.”
• “On 24 December 2024 and as part of the preparatory demerger steps, the assets and liabilities of THG Experience and THG OnDemand, were transferred to THG Ingenuity in exchange for shares.”
• “To facilitate the demerger, on 24 December 2024, THG Ingenuity benefited from cash of £87.9m received in exchange for shares.”
• “On 25 April 2025, the Group established a new, wholly owned indirect subsidiary in India, THG Ingenuity Private Limited. The principal activity of the new entity will be the provision of technology services.”
• “In April 2025, the Board approved the discontinuation of the activities of Three Counties Limited.”
• “In April 2025, the company issued 21,502,172 ordinary shares at a value of 0.46 pence per share to existing shareholders.”
• “In July 2025, completion accounts payment of £36.7m was received from THG PLC, following the completion of the demerger.”
• “In August 2025, the Board approved the discontinuation of the activities of Indigo Environmental Limited.”
• “In October 2025, Ingenuity announced a strategic partnership with Google. This partnership includes an equity investment by Google Into THG Ingenuity.”
• “On 30th October 2025, the company changed its name to FIC Shareco Limited (formerly, The Hut.com Limited).”
• “On 24th November 2025, the Company purchased 181,818,181 tradeable THG PLC shares with a value of £80m from FIC Shareco Limited (a company registered in Guernsey ("FIC")).”
• “In December 2025, the group entered into a rolling receivables financing arrangement, with a maximum draw down value of £17m.”

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

Filings

6

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.