CONDUIT CLUB LIMITED

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

• Turnover

  +15.4%

  £6,294,002 → £7,260,175

• Cash

  -29.9%

  £441,921 → £309,734

  lowest in 4 filed years

• Net assets

  -39.9%

  £2,421,999 → £1,454,971

  first positive since 2022

• Employees

  +15.9%

  82 → 95

• Operating profit

  +11%

  -£1,286,780 → -£1,144,647

• Profit before tax

  +12.1%

  -£1,401,952 → -£1,231,942

• Wages

  +15.2%

  £3,029,268 → £3,488,446

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. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

HaysMac LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have considered both forecast performance and realistic downside scenarios. They conclude that while material uncertainties exist-specifically relating to the Company's limited liquidity headroom, reliance on successful trading, and the absence of legally binding funding commitments the Company remains a going concern, on the basis that the Directors expect that mitigating actions and funding solutions will be implemented if required. Accordingly, these financial statements have been prepared on a going concern basis.”

Significant events

• “Turnover increased to £7,260,175 (2023: £6,294,002), driven primarily by strong events performance and increased food and beverage sales with a new leadership team in place in Front of House and the Kitchen supported by a targeted marketing campaign. This increased performance in food and beverage and events operations paved the way for a transformational deal to outsource these elements to a values aligned partner.”
• “Membership income declined to £1,511,545 (2023: £1,844,550) due to technical communication issues and insufficient targeted marketing.”
• “Capital investment during the year totalled £95,638 (2023: £554,955), principally relating to plant and office equipment and there was £717,315 of shares issued (2023: £191,383) by the conversion of a convertible loan note.”
• “On 1 January 2025, £433,502 of convertible loan notes and their associated unpaid interest were refinanced. This resulted in a loan of £591,731 being taken out, with interest charged at 8% per annum. The loan is repayable in quarterly installments across 2025 and 2026, with the final repayment date scheduled for 31 December 2026.”
• “On 7 February 2026 the Convertible Loan Agreement of £332,685 owed to The Conduit Holdco Ltd. was ammended with a repayment date of 31st March 2027 (or such later date as the parties may agree).”

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

Filings

3

last 12 months

Capital events

2

last 24 months

Officers appointed

0

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.