BETFAIR LIMITED
Operating as a subsidiary of the listed Flutter Entertainment Plc group, the company provides online sports betting, gaming products, and a betting exchange under the Betfair brand.
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Cash
£60K
-36.2% vs 2023
Net assets
£77M
+92.3% highest in 4 filed years
Employees
756
+21.7% highest in 4 filed years
Profit before tax
£13M
+156.6% highest in 4 filed years
Net assets
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | £77,307 | £96,015 | £143,597,000 | £199,528,000 | +38.9% | |
| Operating profit | £4,903 | £5,251 | £6,532,000 | £11,022,000 | +68.7% | |
| Profit before tax | £3,687 | £4,663 | £5,200,000 | £13,342,000 | +156.6% | |
| Net profit | — | — | £4,757,000 | £20,650,000 | +334.1% | |
| Cash | £123 | £699 | £94,000 | £60,000 | -36.2% | |
| Total assets less current liabilities | -£15,391 | -£1,499 | £39,801,000 | £76,543,000 | +92.3% | |
| Net assets | -£15,391 | -£1,499 | £39,801,000 | £76,543,000 | +92.3% | |
| Equity | — | — | £39,801,000 | £76,543,000 | +92.3% | |
| Average employees | 511 | 499 | 621 | 756 | +21.7% | |
| Wages | — | — | £65,459,000 | £103,493,000 | +58.1% | |
| Directors' remuneration | — | — | £798,000 | £997,000 | +24.9% |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-31 | 2020-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | 6.3% | 5.5% | 4.5% | 5.5% | |
| Net margin | — | — | 3.3% | 10.3% | |
| Return on capital employed | — | — | 16.4% | 14.4% | |
| Gearing (liabilities / total assets) | — | — | 77.8% | 62.7% | |
| Current ratio | — | — | 1.20x | 1.39x | |
| Interest cover | 3.93x | 8.32x | 4.43x | 12.83x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The ultimate parent company, Flutter Entertainment Plc, has formally indicated that it will provide sufficient funding to the Company to enable it to meet its liabilities as they fall due for at least the next twelve months. The Directors have no reason to believe that the parent company will not be in a position to provide the support referred to above and since the Company has a net current asset position and net asset position of £50.8m and £76.5m respectively at 31 December 2024 (2023: £27.3m and £39.8m, respectively), have prepared the financial statements on a going concern basis.”
Group structure
- BETFAIR LIMITED · parent
- Timeform Limited 100%
- Winslow One Limited 100%
Significant events
- “The Directors are not aware of any matter or circumstance occurring since 31 December 2024 that has significantly or may significantly affect the operations of the Company, the results of those operations or the state of affairs of the Company in subsequent financial periods.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 19 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KING, Christina | Secretary | 2024-07-01 | — | — |
| OZCAN, Recep | Director | 2015-04-30 | Sep 1974 | British |
| SMITH, Kevin | Director | 2020-10-23 | Nov 1976 | British |
Show 19 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CRUDDACE, Martin John, Mr. | Secretary | 2005-02-01 | 2013-07-08 |
| HUBBLE, Justin, Mr. | Secretary | 2013-07-08 | 2014-01-09 |
| O'DONNELL, Owen Francis | Secretary | 2004-05-28 | 2005-02-01 |
| PATEL, Pritti | Secretary | 2016-03-24 | 2019-05-01 |
| RUSSELL, Fiona Hilary | Secretary | 2014-01-09 | 2016-03-24 |
| SEELEY, Jonathan | Secretary | 2019-05-01 | 2024-07-01 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2004-05-28 | 2004-05-28 |
| BROOKER, Mark | Director | 2012-11-09 | 2013-04-08 |
| CRUDDACE, Martin John, Mr. | Director | 2005-08-31 | 2013-07-08 |
| GERSH, Alexander | Director | 2013-07-08 | 2018-10-21 |
| HILL, Stephen Guy | Director | 2004-05-28 | 2005-10-14 |
| HILLIER, Lisa Marie | Director | 2013-10-28 | 2015-04-30 |
| HORTON, Robert Baynes, Sir | Director | 2005-12-07 | 2006-01-04 |
| HUBBLE, Justin Legarth | Director | 2013-04-08 | 2014-01-09 |
| MORANA, Stephen Gavin | Director | 2007-02-28 | 2012-12-03 |
| O'DONNELL, Owen Francis | Director | 2004-05-28 | 2005-08-31 |
| SCOTT, Philip | Director | 2018-10-22 | 2020-10-23 |
| YU, David | Director | 2006-01-04 | 2011-12-31 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 2004-05-28 | 2004-05-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Sporting Exchange Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 103 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-24 | AA | accounts | Accounts with accounts type full | |
| 2025-10-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-10 | CH01 | officers | Change person director company with change date | |
| 2024-12-23 | AA | accounts | Accounts with accounts type full | |
| 2024-10-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-16 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-07-16 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-01-03 | AA | accounts | Accounts with accounts type full | |
| 2023-11-13 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-11-03 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-07-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-21 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-06-08 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-12-16 | AA | accounts | Accounts with accounts type full | |
| 2022-07-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-04 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-07-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-12 | AA | accounts | Accounts with accounts type full | |
| 2020-11-02 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.