FUTURE TOPCO LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-16 (in 3mo)
Last made up 2025-08-02
Watchouts
None on the register
Cash
£28M
USD 37,467,000
+28.3% vs 2023
Net assets
£159M
USD 212,175,000
-33.9% vs 2023
Employees
1,199
-1.8% vs 2023
Profit before tax
-£85M
USD -113,638,000
-1.6% vs 2023
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £413,196,531 | £535,638,783 | |
| Operating profit | -£36,670,404 | -£27,106,975 | |
| Profit before tax | -£83,585,258 | -£84,950,288 | |
| Net profit | -£82,756,223 | -£79,703,222 | |
| Cash | £21,825,521 | £28,008,522 | |
| Total assets less current liabilities | £708,925,768 | £690,807,356 | |
| Net assets | £240,042,610 | £158,611,796 | |
| Equity | £240,042,610 | £158,611,796 | |
| Average employees | 1,221 | 1,199 | |
| Wages | £85,591,687 | £124,035,284 | |
| Directors' remuneration | £1,063,766 | £1,403,902 |
Figures converted to GBP from USD at 0.748 per USD (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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+29.6%
£413,196,531 £535,638,783
-
Cash
+28.3%
£21,825,521 £28,008,522
-
Net assets
-33.9%
£240,042,610 £158,611,796
-
Employees
-1.8%
1,221 1,199
-
Operating profit
+26.1%
-£36,670,404 -£27,106,975
-
Profit before tax
-1.6%
-£83,585,258 -£84,950,288
-
Wages
+44.9%
£85,591,687 £124,035,284
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -8.9% | -5.1% | |
| Net margin | -20.0% | -14.9% | |
| Return on capital employed | -5.2% | -3.9% | |
| Gearing (liabilities / total assets) | 72.8% | 82.8% | |
| Current ratio | 0.96x | 0.86x | |
| Interest cover | -0.77x | -0.47x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of 12 months from the date of approval of the financial statements as a minimum and that it remains appropriate to continue to adopt the going concern basis in preparing the annual report and financial statements.”
Group structure
- FUTURE TOPCO LIMITED · parent
- Future Midco 1 Limited 100%
- Future Midco 2 Limited 100%
- Future Bidco Limited 100%
- Future US Bidco Inc (US) 100%
- MiQ Digital USA Inc 100%
- Insight Topco Limited 100%
- Insight Midco Limited 100%
- Insight Bidco Limited 100%
- MiQ Digital Limited 100%
- MiQ Digital India Private Limited 100%
- MiQ Digital Canada, Inc 100%
- MiQ Digital Australia PTYLtd. 100%
- MiQ Digital Singapore PTELtd 100%
- MiQ Digital CommercialPrivate Ltd. 100%
- MiQ Digital NomineesLimited 100%
- MiQ Digital Sdn. Bhd 100%
- MiQ Digital (Thailand)Co., Ltd 100%
- MiQ Digital (Shanghai) Co.,Ltd 100%
- MiQ Digital DMCC 100%
- Grasp SAS 100%
- MiQ Digital France Commercial SAS 100%
- Airgrid Limited 100%
- MiQ Digital Mexico, S. DER.L. DE C.V. 100%
- LumenAd Holdings Inc 100%
- Pathlabs Inc 100%
- MiQ Digital France 100%
Significant events
- “MiQ continued to see substantial growth across revenues, with other significant achievements such as the successful acquisition of Pathlabs also completed during the year.”
- “Overall, the Group saw organic growth in revenue of 30%, from $552.7m in 2023 to $716.5m in 2024.”
- “In September MiQ acquired Pathlabs, a media execution partner (MEP) that provides end-to-end digital media execution services, targeting independent agencies with billings below $20m per year.”
- “The product teams' top priority initiative throughout the year revolved around a project named 'The Unified Platform', MiQ's major product release in 2025 that will consolidate all existing tools into a single location.”
- “2024 saw the transition to a new ERP system, designed to assist with MIQ's strategy to invest in tech capabilities across the business.”
- “2024 marked the launch of MiQ's flagship intelligence tool, TV Intelligence, in three new markets - Australia, Canada, and the UK.”
- “In June 2025 MiQ launched MiQ Sigma, MiQ's proprietary technology platform encompassing a comprehensive suite of AI tools to empower traders to deliver superior campaign outcomes.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ARMSTRONG, Murdo | Director | 2025-09-17 | Aug 1991 | British |
| HUNDAL, Gurman Raj Singh | Director | 2022-09-08 | Aug 1983 | British |
| LOVE, Kristopher Darren | Director | 2024-07-24 | Apr 1983 | British |
| NORMAN, Robert David | Director | 2023-04-27 | Mar 1960 | British |
| PURI, Lee Scott Daniel | Director | 2022-09-08 | Oct 1973 | British |
| ROBERT, Xavier Jean | Director | 2022-06-30 | Mar 1971 | French |
| WHIPPLE, Brian Harrison | Director | 2025-01-01 | Nov 1965 | American |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BYNG-THORNE, Zillah Ellen | Director | 2023-04-27 | 2025-03-31 |
| TRAY, Simon Laurence | Director | 2022-09-08 | 2024-07-24 |
| WELHAM, Charles Henry | Director | 2022-06-30 | 2025-09-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bridgepoint Europe Vii Gp Llp | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2022-06-30 | Active |
| Bridgepoint Advisers Limited | Corporate entity | Significant influence | 2022-06-30 | Active |
Filing timeline
Last 20 of 57 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-10-29 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-29 | SH01 | capital | Capital allotment shares | |
| 2026-04-07 | SH01 | capital | Capital allotment shares | |
| 2026-01-28 | SH01 | capital | Capital allotment shares | |
| 2025-11-05 | SH08 | capital | Capital name of class of shares | |
| 2025-10-30 | SH01 | capital | Capital allotment shares | |
| 2025-10-29 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-29 | SH01 | capital | Capital allotment shares | |
| 2025-09-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-24 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-08 | AA | accounts | Accounts with accounts type group | |
| 2025-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-21 | SH01 | capital | Capital allotment shares | |
| 2025-01-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-27 | SH01 | capital | Capital allotment shares | |
| 2024-09-24 | SH01 | capital | Capital allotment shares | |
| 2024-08-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-12 | SH08 | capital | Capital name of class of shares | |
| 2024-08-12 | SH10 | capital | Capital variation of rights attached to shares | |
| 2024-08-12 | SH10 | capital | Capital variation of rights attached to shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 12
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.