TSE HOLDINGS LIMITED
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Cash
£16k
+23.1% vs 2024
Net assets
£7.8bn
+358.1% highest in 3 filed years
Employees
0
Average over period
Profit before tax
£4.3bn
+1,020.4% highest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £0 | £0 | — | — | |
| Operating profit | -£1,336,000 | -£1,336,000 | -£232,884,000 | -17,331.4% | |
| Profit before tax | -£310,601,000 | -£466,082,000 | £4,289,853,000 | +1,020.4% | |
| Net profit | -£293,040,000 | -£393,802,000 | £4,330,347,000 | +1,199.6% | |
| Cash | — | £13,000 | £16,000 | +23.1% | |
| Total assets less current liabilities | £5,252,691,000 | £6,056,012,000 | £9,661,776,000 | +59.5% | |
| Net assets | £1,461,300,000 | £1,695,734,000 | £7,767,813,000 | +358.1% | |
| Equity | £1,461,304,000 | £1,695,734,000 | £7,767,813,000 | +358.1% | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £0 | £0 | — | — |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Return on capital employed | -0.0% | -0.0% | -2.4% | |
| Gearing (liabilities / total assets) | 78.9% | 78.1% | 27.6% | |
| Current ratio | 0.07x | 0.19x | 1.78x | |
| Interest cover | -0.01x | -0.01x | -0.85x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On this basis, the Directors have formed the opinion that the Company's financial statements should be prepared on the going concern basis.”
Group structure
- TSE HOLDINGS LIMITED · parent
- Betfair Romania Development SRL 100%
- TSE Data Processing Limited 100%
- Prize Draws Limited 100%
- TSED Unipessoal LDA 100%
- Atlas Holdings LLC 100%
- FanDuel Group Parent LLC 100%
- FanDuel Group Holdings UK Limited 100%
- TSG Interactive US Services Limited 100%
- Flutter Entertainment Holdings Ireland Limited 100%
- Tombola Limited 100%
- Betfair Brasil Holdings Limitada 100%
- FanDuel Group Limited 100%
- Flutter Treasury Designated Activity Company 100%
Significant events
- “Effective from 3 August 2026, Flutter Entertainment Plc delisted its shares from the LSE to consolidate trading on the NYSE.”
- “On 1 January 2026, as part of a Group restructuring initiative TSE Holdings Limited distributed the remaining Flutter Financing BV notes of £1.8bn to its parent company, The Sporting Exchange Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 19 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KING, Christina | Secretary | 2024-07-01 | — | — |
| COLDRAKE, Robert | Director | 2024-05-31 | Jul 1978 | British |
| JACKSON, Jeremy Peter | Director | 2018-10-22 | Oct 1975 | British |
| TRAYNOR, Edward Martin | Director | 2018-01-01 | Nov 1977 | Irish |
Show 19 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CRUDDACE, Martin John, Mr. | Secretary | 2005-02-24 | 2013-06-17 |
| HUBBLE, Justin | Secretary | 2013-06-17 | 2013-10-25 |
| O'DONNELL, Owen Francis | Secretary | 2004-07-07 | 2005-02-24 |
| PATEL, Pritti | Secretary | 2016-03-24 | 2019-05-01 |
| RUSSELL, Fiona Hilary | Secretary | 2013-10-25 | 2016-03-24 |
| SEELEY, Jonathan | Secretary | 2023-04-03 | 2024-07-01 |
| SEELEY, Jonathan | Secretary | 2019-05-01 | 2023-04-03 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2004-07-07 | 2004-07-07 |
| BROOKER, Mark | Director | 2012-11-09 | 2013-04-08 |
| CORCORAN, Breon Thomas | Director | 2013-06-17 | 2017-12-31 |
| CRUDDACE, Martin John, Mr. | Director | 2005-08-31 | 2013-06-17 |
| EDGECLIFFE-JOHNSON, Paul Russell | Director | 2023-04-03 | 2024-05-31 |
| GERSH, Alexander | Director | 2013-10-25 | 2018-10-21 |
| HILL, Jonathan Stanley | Director | 2022-06-06 | 2023-04-03 |
| HILL, Stephen Guy | Director | 2004-07-07 | 2005-10-14 |
| HUBBLE, Justin Legarth | Director | 2013-04-08 | 2013-10-25 |
| MORANA, Stephen Gavin | Director | 2011-12-31 | 2012-12-03 |
| O'DONNELL, Owen Francis | Director | 2004-07-07 | 2005-08-31 |
| YU, David | Director | 2006-01-04 | 2011-12-31 |
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 122 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-18 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-13 | AA | accounts | Accounts with accounts type full | |
| 2026-10-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-18 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-12-18 | SH20 | capital | Legacy | |
| 2025-12-18 | CAP-SS | insolvency | Legacy | |
| 2025-12-18 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-11 | AA | accounts | Accounts with accounts type full | |
| 2025-07-03 | SH01 | capital | Capital allotment shares | |
| 2025-04-29 | SH01 | capital | Capital allotment shares | |
| 2025-02-10 | SH01 | capital | Capital allotment shares | |
| 2024-12-19 | AA | accounts | Accounts with accounts type full | |
| 2024-10-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-31 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-07-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-05 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-07-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-05-09 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 5
- 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.