ATYPICAL PARTNER LTD

• ⚠

  Confirmation statement overdue

  Due 2026-06-13.

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 —. Year-on-year comparison hidden: this filing's period length differs materially from the prior year. 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. ATYPICAL PARTNER LTD 2019-04-05 → present
2. MORE THAN FINANCE LIMITED 2018-05-31 → 2019-04-05

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As stated in note 1 to the financial statements, the Group meets its working capital requirements through receipt of management fees. Furthermore, the board of directors has reviewed the operating and cash flow forecasts of the Group, together with the year-end cash position of £30,307,154 and two active main funds, one Impact fund and one SMA fund generating management fee inflows. Across the four active funds managed by the Group it is conservatively estimated that contracted income from management fee will equate to £23.4m in 2026. For 2027 we would expect this to increase significantly due to the launch of fund-raising activities for Fund V. It is conservatively estimated that this would generate circa £10m of management fees. The above does not consider any revenue associated with board fees or arrangement fees on the closing of deals. With regards to the latter the budget estimates a further €7-8m of arrangement fee income. The directors have a reasonable expectation that the Group will have adequate resources to continue in operational existence, being at least a period of twelve months from the date of signing the financial statements. This is further supported by the group making a normalised profit of £3.1m after excluding exceptional legal and professional costs associated with the sale of the minority interest in Atypical Partner Ltd 2025. The group has been compensated by the receipt of cash on the sale of the minority position which now shows a net asset position of £34,482,759 and a net current asset position of £30,219,367. For these reasons, the Directors considered it appropriate for the Group to be deemed a going concern and accordingly, the financial statements have been prepared on this basis.”

Group structure

1. ATYPICAL PARTNER LTD · parent
   1. X Finance Ventures S.à r.l. 100% · Luxembourg · Holding company
   2. THCP Group Limited 100% · London, UK · Holding company
   3. Three Hills Fund Management S.à r.l. 100% · Luxembourg · AIFM
   4. Three Hills Capital Partners S.A. 100% · Luxembourg · General Partner
   5. TH Management S.à r.l. 100% · Luxembourg · General Partner
   6. THCP Advisory Limited 100% · London, UK · Investment Advisor
   7. THCS Feeder GP S.à r.l. 100% · Luxembourg · General Partner
   8. THCS IV GP S.à r.l. 100% · Luxembourg · General Partner
   9. THCS I GP S.à r.l. 100% · Luxembourg · General Partner
   10. THCS II GP S.à r.l. 100% · Luxembourg · General Partner
   11. THCS Amber GP S.à r.l. 100% · Luxembourg · General Partner
   12. TH Management IV S.à r.l. 100% · Luxembourg · General Partner
   13. THe Impact GP S.à r.l. 100% · Luxembourg · General Partner
   14. THe Impact Management I S.à r.l. 100% · Luxembourg · General Partner
   15. TH Thalia I GP S.à r.l. 100% · Luxembourg · General Partner
   16. Three Hills USA LLC 100% · USA · Investment Advisor
   17. Three Hills Capital Partners Spain S.L.U. 100% · Spain · Investment Advisor
   18. TH Management III S.à r.l. 100% · Luxembourg · General Partner
   19. Pall Mall Secondary AM S.à r.l. · Luxembourg

Significant events

• “The functional currency of Atypical Partner Limited was changed from GBP to EUR as at 1st January 2026. The effect of changing the functional currency of Atypical Partner Ltd to EUR on those subsidiaries that are not denominated in EUR is a foreign exchange loss of €333,680 which will be reflected in the OCI of the accounts in 2026. This foreign exchange loss has been deemed to be immaterial to the accounts.”

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

Filings

20

last 12 months

Capital events

13

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.