LADBROKES BETTING & GAMING LIMITED
Operating under the Ladbrokes and Coral brands, the company provides retail and online sports betting, casino, and bingo services as a subsidiary of the London-listed gambling group Entain plc.
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Cash
£24m
+8% vs 2024
Net assets
£1.4bn
+6.4% highest in 3 filed years
Employees
13,408
-1.2% lowest in 3 filed years
Profit before tax
£114m
-22.5% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £1,027,100,000 | £1,013,100,000 | £997,300,000 | -1.6% | |
| Operating profit | £152,200,000 | £171,300,000 | £163,200,000 | -4.7% | |
| Profit before tax | £102,700,000 | £146,900,000 | £113,900,000 | -22.5% | |
| Net profit | £86,900,000 | £138,500,000 | £84,800,000 | -38.8% | |
| Cash | £27,800,000 | £22,600,000 | £24,400,000 | +8% | |
| Total assets less current liabilities | £1,339,600,000 | £1,489,600,000 | £1,576,500,000 | +5.8% | |
| Net assets | £1,189,800,000 | £1,326,100,000 | £1,411,400,000 | +6.4% | |
| Equity | £1,189,800,000 | £1,326,100,000 | £1,411,400,000 | +6.4% | |
| Average employees | 13,730 | 13,574 | 13,408 | -1.2% | |
| Wages | £280,800,000 | £293,500,000 | £315,600,000 | +7.5% | |
| Directors' remuneration | £1,200,000 | £900,000 | £1,400,000 | +55.6% | |
| Directors' pension contributions | £100,000 | £100,000 | £100,000 | 0% | |
| Highest paid director | £1,000,000 | £700,000 | £600,000 | -14.3% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 14.8% | 16.9% | 16.4% | |
| Net margin | 8.5% | 13.7% | 8.5% | |
| Return on capital employed | 11.4% | 11.5% | 10.4% | |
| Gearing (liabilities / total assets) | 48.8% | 45.1% | 43.2% | |
| Current ratio | 0.16x | 0.24x | 0.29x | |
| Interest cover | 2.91x | 2.75x | 2.82x |
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.
Name history
Renamed 2 times since incorporation
- LADBROKES BETTING & GAMING LIMITED 2006-02-23 → present
- LADBROKES LIMITED 1999-07-30 → 2006-02-23
- LADBROKE RACING LIMITED 1963-10-01 → 1999-07-30
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Consequently, the directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”
Group structure
- LADBROKES BETTING & GAMING LIMITED · parent
- Ganton House Investments Limited 100%
- Margo is & Ridley Limited 100%
- CE Acquisition 1 Limited 100%
- Ladbrokes (Channel Islands) Limited 100%
- LC International Limited 100%
- Ladbrokes (Ireland) Limited 100%
Significant events
- “Following the increases to gambling taxes announced by the UK Chancellor in the UK Budget on 26 November 2025, and the material impact this will have on the UK group's profitability; the Company... has re-assessed the recoverability of its deferred tax assets.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 63 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BORROWDALE, John Arthur James | Director | 2026-03-13 | Feb 1984 | British |
| DAVISON, Andrew | Director | 2022-10-31 | Apr 1980 | British |
| PATEL, Bejay | Director | 2026-03-13 | Feb 1986 | British |
Show 63 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ADELMAN, Jonathan Mark | Secretary | 2012-06-01 | 2014-04-18 |
| ARSENIĆ, Sonja | Secretary | 2019-06-27 | 2019-11-21 |
| BUSHNELL, Adrian John | Secretary | 2014-04-18 | 2016-07-15 |
| CAMMIDGE, Cassandra Alice | Secretary | 2018-04-16 | 2018-06-28 |
| HOSKIN, Sian Amanda | Secretary | 2018-07-18 | 2019-06-27 |
| MASON, Geoffrey Keith Howard | Secretary | 2016-07-15 | 2018-04-16 |
| NOBLE, Michael Jeremy | Secretary | — | 2012-05-31 |
| PEREZ, Fiona Lorraine | Secretary | 2018-07-18 | 2019-11-21 |
| LADBROKES CORAL CORPORATE SECRETARIES LIMITED | Corporate Secretary | 2019-11-21 | 2026-09-28 |
| AMES, Richard Jonathan | Director | 2008-03-03 | 2012-08-01 |
| ANDREWES, Edwrad Henry Duff | Director | 2008-03-03 | 2010-11-05 |
| BATY, John Clifford | Director | 2009-03-12 | 2013-04-26 |
| BELL, Christopher | Director | — | 2000-03-20 |
| BLACKMORE, Michael Graham | Director | 2000-03-24 | 2000-10-13 |
| BORKOWSKI, Christopher Peter | Director | — | 1993-06-30 |
| BOWEN, David Michael | Director | 2000-09-21 | 2011-04-08 |
| BOWER, Adrian John | Director | 2021-12-31 | 2024-12-12 |
| BOWTELL, John Paul Maurice | Director | 2016-12-14 | 2019-03-08 |
| BOYDELL, Joanna | Director | 2008-03-03 | 2009-03-12 |
| BUNN, James Richard | Director | 2013-04-26 | 2015-04-03 |
| CARTER, Richard | Director | — | 2001-09-30 |
| CHAMBERS, Mark Russell | Director | 2017-01-04 | 2019-12-31 |
| CLOKE, Daniel | Director | 2017-03-09 | 2017-05-12 |
| COSHOTT, Michael David | Director | 2015-03-17 | 2016-12-14 |
| D ANCONA, Michael Peter | Director | 2008-03-03 | 2011-05-31 |
| DAVER, Berjis Jal | Director | — | 1997-06-30 |
| DAVISON, Andrew | Director | 2022-01-14 | 2022-10-31 |
| DIMMOCK, Bernard Leonard | Director | 2022-01-14 | 2022-07-22 |
| DRABWELL, Lee Stanley | Director | 2012-11-27 | 2017-04-20 |
| EVANS, Christopher David | Director | 2003-02-17 | 2015-02-28 |
| GATES, Terence | Director | — | 1995-08-31 |
| GEORGE, Peter Michael | Director | — | 1996-05-01 |
| GRIMES, Mark Anthony | Director | 2015-03-17 | 2016-12-19 |
| HARLEY, Andrew Kennedy | Director | 2011-12-20 | 2015-06-30 |
| HARLEY, Susan Boyle | Director | 2013-04-26 | 2014-04-06 |
| HARLEY, Susan Boyle | Director | 2013-04-26 | 2014-04-06 |
| HARRISON, Dominic Stephen | Director | 2002-05-23 | 2004-05-14 |
| HICKS, Andrew Mark | Director | 2019-12-31 | 2026-03-13 |
| KERR, John David | Director | 2016-12-14 | 2021-12-31 |
| LINDSEY, Christopher Ian | Director | 2001-04-01 | 2012-01-20 |
| MATTHEWS, Dominic | Director | 2004-04-06 | 2016-12-30 |
| MATTHEWS, Sara Claudia | Director | 2013-04-26 | 2017-04-28 |
| MCILRAITH, Gary William | Director | 2010-11-05 | 2011-06-30 |
| MILES, Colin Gordon | Director | — | 2004-06-30 |
| O'KANE, Michael Patrick | Director | 2000-09-21 | 2017-04-28 |
| O'REILLY, John Patrick | Director | 2008-03-03 | 2010-11-05 |
| O'REILLY, John Patrick | Director | 1995-07-07 | 1999-08-25 |
| PITT-BROOKE, Richard Paul | Director | 2022-01-14 | 2022-10-31 |
| PRIDAY, Stuart Richard | Director | 2008-03-03 | 2013-04-26 |
| ROBSON, Christopher Mark | Director | 2011-10-24 | 2016-12-15 |
| ROSS, Alan Spencer | Director | 1996-09-02 | 2009-07-17 |
| RUST, Nicholas John | Director | 2011-04-08 | 2014-12-31 |
| SANDBACH, Ross Martin | Director | 2015-03-17 | 2016-12-14 |
| SAYERS, Malcolm | Director | 2003-02-07 | 2005-12-31 |
| SMITH, Michael Edward | Director | 1996-05-01 | 1999-03-31 |
| TAYLOR, Timothy Robert | Director | 2022-01-14 | 2026-03-13 |
| THORNE, Rosemary Prudence | Director | 2006-01-16 | 2007-03-12 |
| USHER, Paul | Director | 1986-06-19 | 2000-09-19 |
| WALDER, Andrew James | Director | 2000-03-14 | 2000-08-31 |
| WALKER, Colin Edward | Director | — | 1994-03-31 |
| WILSON, Andrew James | Director | 2016-06-13 | 2016-12-30 |
| WILSON BARKER, Rosalie Mavis | Director | 1995-09-18 | 2000-03-20 |
| WOOD, Robert Matthew | Director | 2017-01-03 | 2026-03-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Birchgree Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors (as trust) | 2018-05-25 | Active |
| Ladbroke & Co., Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2018-05-25 |
Filing timeline
Last 20 of 317 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-09-08 | AA | accounts | Accounts with accounts type full | |
| 2026-05-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-19 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-19 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-19 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-06-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-07 | AA | accounts | Accounts with accounts type full | |
| 2024-12-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-23 | CH01 | officers | Change person director company with change date | |
| 2024-01-16 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-01-16 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-09-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 4
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.