POWER LEISURE BOOKMAKERS LIMITED
Operating under the Paddy Power brand, the company provides gambling and bookmaking services as a wholly owned subsidiary of the listed betting group Flutter Entertainment plc.
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Cash
£106M
+1,192.3% highest in 3 filed years
Net assets
£606M
+7.9% highest in 3 filed years
Employees
2,946
-1.5% vs 2023
Profit before tax
£151M
+32.7% highest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £991,432,000 | £1,200,673,000 | £1,373,886,000 | +14.4% | |
| Operating profit | — | £115,249,000 | £151,002,000 | +31% | |
| Profit before tax | £128,565,000 | £113,736,000 | £150,871,000 | +32.7% | |
| Net profit | £107,163,000 | £94,761,000 | £129,709,000 | +36.9% | |
| Cash | £15,990,000 | £8,186,000 | £105,790,000 | +1,192.3% | |
| Total assets less current liabilities | £587,762,000 | £584,069,000 | £1,275,318,000 | +118.4% | |
| Net assets | £557,428,000 | £561,784,000 | £606,231,000 | +7.9% | |
| Equity | £557,428,000 | £561,784,000 | £606,231,000 | +7.9% | |
| Average employees | — | 2,990 | 2,946 | -1.5% | |
| Wages | — | £181,256,000 | £136,347,000 | -24.8% | |
| Directors' remuneration | — | £1,547,266 | £2,690,598 | +73.9% |
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 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Operating margin | — | 9.6% | 11.0% | |
| Net margin | 10.8% | 7.9% | 9.4% | |
| Return on capital employed | — | 19.7% | 11.8% | |
| Gearing (liabilities / total assets) | 75.6% | 76.1% | 78.5% | |
| Current ratio | 1.26x | 1.25x | 1.71x | |
| Interest cover | — | 60.43x | 10.69x |
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 1 time since incorporation
- POWER LEISURE BOOKMAKERS LIMITED 2001-10-26 → present
- POWER LEISURE (UK) LIMITED 1999-08-10 → 2001-10-26
Audit & accounting basis
- Accounting basis
- FRS 101 Reduced Disclosure Framework
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements are prepared on a going concern basis. The Company is in a net current asset position of £1,098.0m (2023: £450.2m), a net asset position of £606.2m (2023: £561.7m) and is expected to be profitable in the coming years. On this basis, the Directors are satisfied that use of the going concern basis of assessment is appropriate.”
Group structure
- POWER LEISURE BOOKMAKERS LIMITED · parent
- PPB Treasury Unlimited Company 60.23%
Significant events
- “In April 2025 the Company sold customer-related assets to Flutter Entertainment plc in exchange for an intercompany loan facility of £38.8m. The loan issued is interest free and repayable within 5 years.”
- “On 29 May 2025, Flutter Entertainment plc announced the pricing of a multi-currency senior secured notes offering by its subsidiary, Flutter Treasury DAC. The offering comprised, $1,000 million of 5.875% USD-denominated senior secured notes due 2031, €550 million of 4.000% EUR-denominated senior secured notes due 2031, and £450 million of 6.125% GBP-denominated senior secured notes due 2031, each issued at par. The Notes were admitted to trading on The International Stock Exchange, and settlement occurred on 4 June 2025.”
- “Flutter also priced a new U.S. dollar-denominated term loan B facility (the "Third Incremental TLB Facility").”
- “The proceeds from the Notes and the Third Incremental TLB Facility were used to (i) repay amounts outstanding under a bridge facility used in part to fund the acquisition of Snaitech S.p.A., (ii) fund general corporate purposes, and (iii) pay related transaction costs.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 27 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KING, Christina | Secretary | 2024-07-01 | — | — |
| CLARKE, Alan | Director | 2025-11-03 | Aug 1980 | Irish |
| HARRINGTON, Kevin Francis | Director | 2023-12-13 | Feb 1982 | Irish |
| JACKSON, Jeremy Peter | Director | 2020-02-24 | Oct 1975 | British |
| TRAYNOR, Edward Martin | Director | 2015-09-24 | Nov 1977 | Irish |
Show 27 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HUNT, Nuala | Secretary | 2004-06-25 | 2007-03-02 |
| JOHNSTON, David | Secretary | 2007-03-02 | 2014-06-23 |
| KELLY, Charles | Secretary | 1999-08-10 | 2004-06-25 |
| KNOWLES, Barry | Secretary | 2015-02-02 | 2015-09-29 |
| O'CONNOR, Susan | Secretary | 2014-06-23 | 2015-02-02 |
| PATEL, Pritti | Secretary | 2016-05-12 | 2019-05-01 |
| SEELEY, Jonathan | Secretary | 2019-05-01 | 2024-07-01 |
| ANNSGATE LIMITED | Corporate Secretary | 2015-09-29 | 2016-05-12 |
| JPCORS LIMITED | Corporate Nominee Secretary | 1999-08-10 | 1999-08-10 |
| CORCORAN, Breon Thomas | Director | 2004-10-05 | 2011-11-10 |
| CORCORAN, Roseanne | Director | 1999-08-10 | 2001-04-10 |
| DEVITT, Jonathan | Director | 2016-05-12 | 2018-01-31 |
| FLANAGAN, Aine | Director | 2016-05-12 | 2017-02-24 |
| HARTNETT, John David | Director | 2016-10-07 | 2018-07-23 |
| HILL, Jonathan Stanley | Director | 2020-02-24 | 2023-12-13 |
| IRWIN, Mark | Director | 2016-05-12 | 2020-02-24 |
| IVERS, Ross | Director | 2001-09-04 | 2005-12-06 |
| KENNEDY, Patrick Thomas | Director | 2005-12-06 | 2014-12-31 |
| KENNY, Stewart | Director | 1999-08-10 | 2004-10-05 |
| KERR, Alan | Director | 2008-11-13 | 2010-03-26 |
| MANGAN, James | Director | 1999-08-10 | 1999-09-24 |
| MASSEY, Jack | Director | 2006-05-17 | 2015-09-29 |
| MCCARTHY, Cormac Michael, Mr. | Director | 2014-12-31 | 2016-02-02 |
| MCCUE, Andrew | Director | 2010-03-24 | 2016-04-30 |
| O'REILLY, John | Director | 1999-08-10 | 2005-12-06 |
| TAYLOR, Daniel | Director | 2017-11-27 | 2020-02-24 |
| JPCORD LIMITED | Corporate Nominee Director | 1999-08-10 | 1999-08-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Flutter Entertainment Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 157 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-02-14 RESOLUTIONS Resolution
- 2026-01-21 RESOLUTIONS Resolution
- 2023-11-21 RESOLUTIONS Resolution
- 2023-11-20 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-26 | SH01 | capital | Capital allotment shares | |
| 2026-02-14 | RESOLUTIONS | resolution | Resolution | |
| 2026-02-07 | SH01 | capital | Capital allotment shares | |
| 2026-01-21 | RESOLUTIONS | resolution | Resolution | |
| 2025-11-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-05 | AA | accounts | Accounts with accounts type full | |
| 2024-10-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-22 | AA | accounts | Accounts with accounts type full | |
| 2024-07-04 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-07-04 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-05-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-04-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-01-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-21 | RESOLUTIONS | resolution | Resolution | |
| 2023-11-20 | MA | incorporation | Memorandum articles | |
| 2023-11-13 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-11-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-08 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 2
- Officers appointed
- 1
- 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.