ENTREPRENEURS FIRST OPERATIONS LIMITED

• ◆

  2 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

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. ENTREPRENEURS FIRST OPERATIONS LIMITED 2025-03-05 → present
2. ENTREPRENEUR FIRST OPERATIONS LIMITED 2016-07-20 → 2025-03-05
3. EF INVESTMENT LIMITED 2014-07-15 → 2016-07-20
4. MM&S (5834) LIMITED 2014-05-30 → 2014-07-15

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Blick Rothenberg Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis which assumes the Group will continue in operational existence for the foreseeable future. In assessing the going concern position of the Group, the directors have considered the Group's cash flows, liquidity and business activities. At 31 March 2025 the Group had cash and cash equivalents of £54,514,366 (2024: £50,151,235) and net assets of £138,535,860 (2024: £103,531,191).”

Group structure

1. ENTREPRENEURS FIRST OPERATIONS LIMITED · parent
   1. Entrepreneurs First (USA) Operations LLC 100% · Delaware 19808
   2. Entrepreneurs First Canada Operations Limited 100% · CANADA
   3. Entrepreneurs First Singapore Investment Pte. Limited 100% · Singapore 048580
   4. Entrepreneurs First SG Ops Pte. Limited 100% · Singapore 048580
   5. EFOL India Private Limited 100% · IN
   6. Entrepreneurs First Singapore (II) Investment Pte. Limited 100% · Singapore 048580
   7. Entrepreneurs First Investment Manager LLP 100% · London
   8. Entrepreneurs First GP Limited 100%
   9. Entrepreneurs First Founder GP Limited 100% · Edinburgh
   10. Entrepreneurs First GP (Singapore) Limited 100%
   11. Entrepreneurs First Founder GP (Singapore) Limited 100%
   12. Entrepreneurs First (Global) GP Limited 100%
   13. Entrepreneurs First (Global) Second GP LLP 100%
   14. Entrepreneurs First (Global) Founder General Partner LLP 100% · Edinburgh
   15. Entrepreneurs First (Seed) GP Limited 100%
   16. Entrepreneurs First Investment (II) GPCO Limited 100%
   17. Entrepreneurs First (GP) LLP 100%
   18. Entrepreneurs First Investment (II) GP LLP 100%
   19. Entrepreneurs First Early Stage Scot Limited 100% · Edinburgh
   20. Entrepreneurs First Early Stage GP Limited 100%
   21. Entrepreneurs First Early Stage General Partner LLP 100%

Significant events

• “Following the Balance Sheet date, a group reorganisation was completed whereby a new holding company, Entrepreneurs First Capital Limited, was inserted above the existing parent company, Entrepreneurs First Operations Limited. The shareholders of Entrepreneurs First Operations Limited exchanged their shareholdings for shares in Entrepreneurs First Capital Limited in the same proportion as their previous holdings. The reorganisation has not affected the underlying trading operations or financial position of the group.”
• “Subsequent to the year end and prior to the authorisation of these financial statements for issue, the Group successfully completed a funding round, raising approximately $120m through the issue of new equity. The funding will be used to support ongoing operations, investment opportunities, and working capital requirements.”

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

Filings

11

last 12 months

Capital events

7

last 24 months

Officers appointed

1

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.