MFT CAPITAL LTD

• ⚠

  Material uncertainty over going concern

  The financial statements have been prepared on a going concern basis. At the balance sheet date, the Company had net current liabilities of £9.1m and a negative reserves position of £1.98m. These conditions indicate the existence of a material uncertainty which may cast significant doubt over the Company's ability to continue as a going concern. However, the directors have reviewed the Company's financial position, cash flow forecasts, and future funding requirements. The directors have confirmed that they are willing and able to provide financial support for a period of at least 12 months from the date of approval of these financial statements, to enable the Company to meet its liabilities as they fall due. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the basis of preparation being inappropriate.

• ◆

  1 PSC 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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Feltons Chartered Accountants

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The financial statements have been prepared on a going concern basis. At the balance sheet date, the Company had net current liabilities of £9.1m and a negative reserves position of £1.98m. These conditions indicate the existence of a material uncertainty which may cast significant doubt over the Company's ability to continue as a going concern. However, the directors have reviewed the Company's financial position, cash flow forecasts, and future funding requirements. The directors have confirmed that they are willing and able to provide financial support for a period of at least 12 months from the date of approval of these financial statements, to enable the Company to meet its liabilities as they fall due. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the basis of preparation being inappropriate.”

Group structure

1. MFT CAPITAL LTD · parent
   1. F.O IP Ltd 100% · England
   2. F.O Global IP Ltd 100% · England
   3. F.O Ventures Ltd 100% · England
   4. F.O Global Franchise Ltd 100% · England
   5. Putt IP Ltd 100% · England
   6. PPN Ventures Ltd 100% · England
   7. WDPC Trading Ltd 100% · England
   8. F.O Franchise Ltd 100% · England
   9. Flip Out Ltd 100% · England
   10. F.O Six Ltd 100% · England

Significant events

• “During the financial year the Group opened several new sites. This included 2 joint Flip Out and Putt Putt Social sites in Telford and Poole respectively. The Group also saw the openings of Flip Out Liverpool, Flip Out Bradford, Flip Out York and Flip Out Canary Wharf. The Group also commenced during the year the management under licence of 9 Primark themed cafes. The Group also had a Putt Putt Social site in build in Gloucester.”
• “The following sites were disposed/transferred post year end and subsequently left the MFT Capital Ltd Group: FO Croydon on 21/05/2024, FO Liverpool on 01/05/2024, FO Basingstoke on 16/09/2024, FO Telford on 23/09/2024, FO Rushden Lakes on 01/12/2024, FO Chester on 13/12/2024, FO Ashford on 18/12/2024. The disposal/transfer of seven sites post year-end resulted in a revenue loss of £6.9m (FY 2023-24) their exit led to a decrease in fixed assets by £2.4 m as at March 2024.”

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

Filings

15

last 12 months

Capital events

1

last 24 months

Officers appointed

2

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.