FUTURE MIDCO 2 LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-14 (in 2mo)
Last made up 2025-06-30
Watchouts
None on the register
Cash
£28M
USD 37,467,000
+95.2% vs 2023
Net assets
-£65M
USD -86,419,000
-521.9% vs 2023
Employees
1,199
-1.8% vs 2023
Profit before tax
-£80M
USD -107,408,000
+21.7% 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 | -£36,135,905 | -£24,814,233 | |
| Profit before tax | -£102,530,463 | -£80,293,040 | |
| Net profit | -£101,701,428 | -£75,045,974 | |
| Cash | £14,350,004 | £28,008,522 | |
| Total assets less current liabilities | £348,429,394 | £347,984,600 | |
| Net assets | £15,313,598 | -£64,602,676 | |
| Equity | £15,313,598 | -£64,602,676 | |
| Average employees | 1,221 | 1,199 | |
| Wages | £85,591,687 | £124,035,284 | |
| Directors' remuneration | £1,063,766 | £1,151,977 |
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
+95.2%
£14,350,004 £28,008,522
-
Net assets
-521.9%
£15,313,598 -£64,602,676
-
Employees
-1.8%
1,221 1,199
-
Operating profit
+31.3%
-£36,135,905 -£24,814,233
-
Profit before tax
+21.7%
-£102,530,463 -£80,293,040
-
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 | -8.7% | -4.6% | |
| Net margin | -24.6% | -14.0% | |
| Return on capital employed | -10.4% | -7.1% | |
| Gearing (liabilities / total assets) | 98.3% | 107.0% | |
| Current ratio | 0.30x | 0.35x | |
| Interest cover | -0.54x | -0.45x |
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
“In considering the appropriateness of the going concern basis, the board have reviewed the key risks and uncertainties to which they believe the Group is exposed, the Group's ongoing financial commitments and the availability of sufficient resources for the next 12 months from the date of signing the financial statements and beyond. The directors have accordingly adopted the going concern basis in preparing these financial statements.”
Group structure
- FUTURE MIDCO 2 LIMITED · parent
- Future Bidco Limited 100%
- Future US Bidco Inc (US) 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 PTY Ltd. 100%
- MiQ Digital Singapore PTE Ltd 100%
- MiQ Digital Commercial Private Ltd. 100%
- MiQ Digital Nominees Limited 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. DE R.L. DE C.V. 100%
- LumenAd Holdings Inc 100%
- Pathlabs Inc 100%
- MiQ Digital France 100%
Significant events
- “In September MiQ acquired Pathlabs - a US-based media execution partner (MEP) whose agency base is primarily regional US SMB agencies.”
- “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
3 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HUNDAL, Gurman Raj Singh | Director | 2022-09-08 | Aug 1983 | British |
| LOVE, Kristopher Darren | Director | 2024-07-24 | Apr 1983 | British |
| PURI, Lee Scott Daniel | Director | 2022-09-08 | Oct 1973 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ROBERT, Xavier Jean | Director | 2022-07-01 | 2022-09-08 |
| TRAY, Simon Laurence | Director | 2022-09-08 | 2024-07-24 |
| WELHAM, Charles Henry | Director | 2022-07-01 | 2022-09-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Future Midco 1 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-07-01 | Active |
Filing timeline
Last 20 of 26 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-07-08 | AA | accounts | Accounts with accounts type group | |
| 2025-07-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-19 | SH01 | capital | Capital allotment shares | |
| 2024-07-26 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-15 | AA | accounts | Accounts with accounts type group | |
| 2024-07-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-11-22 | AGREEMENT2 | other | Legacy | |
| 2023-11-13 | SH01 | capital | Capital allotment shares | |
| 2023-10-14 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-10-14 | GUARANTEE2 | other | Legacy | |
| 2023-07-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-01-18 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-01-18 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-11-02 | AA01 | accounts | Change account reference date company current shortened | |
| 2022-10-21 | SH01 | capital | Capital allotment shares | |
| 2022-09-15 | AA01 | accounts | Change account reference date company current extended | |
| 2022-09-15 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-15 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-15 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 0
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.