EVEREST BIDCO LIMITED

Figures converted to GBP from EUR at 0.870 per EUR (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  —

  Not reported

• Cash

  -5.2%

  £1,924,613 → £1,824,523

• Net assets

  +10%

  £183,596,474 → £201,906,412

• Employees

  —

  Not reported

• Operating profit

  -61.7%

  -£24,416 → -£39,484

  lowest in 4 filed years

• Profit before tax

  +110.8%

  £8,684,402 → £18,309,937

  first positive since 2022

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. 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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company is an investment holding company, with net assets of €232,172,183 (2023: €211,117,586) and net current assets of €2,072,183 (2023: €2,117,586). After making enquiries and considering the position and prospects of the Company, including the impact of the geopolitical environment, on the Company's underlying portfolio of investments; the Directors acknowledge that the fair value of the investment in Iridium Hermes Roads S/L is exposed to market risks but considers the investment to be ultimately based on toll road arrangements, thus mitigating exposure. Therefore the Directors believe that the Company is deemed to be sufficiently robust to remain operational for at least 12 months from the date of approval of these financial statements.”

Group structure

1. EVEREST BIDCO LIMITED · parent
   1. Iridium Hermes Roads, S/L 74% · Spain · Holding company
   2. Eix Diagonal Concessionaria de la Generalitat de Catalunya, S.A. 74% · Spain · Shadow toll road concessionaire
   3. Autovia del Pirineo, S.A. 74% · Spain · Shadow toll road concessionaire
   4. Autovía de los Pinares, S.A. 46.84% · Valladolid · Shadow toll road concessionaire
   5. Reus-Alcover, Concessionaria de la Generalitat de Catalunya, S.A. 74% · Spain · Shadow toll road concessionaire
   6. Concesionaria Santiago-Brion, S.A. 51.8% · Spain · Shadow toll road concessionaire
   7. Inversora de la Autovia de la Mancha, S.A. 55.5% · Spain · Shadow toll road concessionaire
   8. Autovia de La Mancha, S.A., Sociedad Concessionaria de la Junta de Comunidades de Castilla-La Mancha 55.5% · Spain · Shadow toll road concessionaire

Significant events

• “On 9 December 2024 the Axencia Galega de Infrastructuras, notified Concesionaria Santiago-Brión, S.A. that it had formally proceeded to initiate the procedure for the recovery of the concession contract for AG-56 Santiago-Brion motorway”
• “Terms of the recovery were agreed on 27 December 2024, with effect from 31 December 2024”
• “The total compensation for all concepts amounted to EUR 94,955,245, an amount that has been collected prior to the closing date of the year ended 31 December 2024”
• “On 20 March 2025, the Company distributed €104,300,000 to the shareholders from the distributable reserve of the Company”
• “On 15 July 2025, the Company distributed €12,255,142 to the shareholders from the distributable reserve of the Company”
• “On 22 July 2025, Emma Howell resigned as a director of the Company and Desmond Wilkins was appointed”

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

Filings

5

last 12 months

Capital events

2

last 24 months

Officers appointed

1

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.