FLEET FINCO LIMITED
Fleet Finco Limited serves as a financing and holding entity for Argus Media, a group that publishes news, price information, and analysis for global energy and commodity markets.
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Cash
£98M
USD 131,357,000
-8.8% vs 2024
Net assets
-£88M
USD -117,071,000
+42.2% vs 2024
Employees
1,454
+8.1% vs 2024
Profit before tax
£94M
USD 125,371,000
+45.2% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-06-30
| Metric | Trend | 2024-06-30 | 2025-06-30 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £343,181,614 | £374,830,813 | +9.2% | |
| Operating profit | £130,032,939 | £156,198,533 | +20.1% | |
| Profit before tax | £64,654,140 | £93,854,619 | +45.2% | |
| Net profit | £41,734,541 | £63,949,693 | +53.2% | |
| Cash | £107,882,168 | £98,335,829 | -8.8% | |
| Total assets less current liabilities | £794,579,278 | £796,904,477 | +0.3% | |
| Net assets | -£151,523,432 | -£87,641,114 | +42.2% | |
| Equity | -£151,523,432 | -£87,641,114 | +42.2% | |
| Average employees | 1,345 | 1,454 | +8.1% | |
| Wages | £103,243,749 | £113,614,314 | +10% | |
| Directors' remuneration | £1,396,167 | £1,793,682 | +28.5% |
Figures converted to GBP from USD at 0.749 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 2024-06-30 | 2025-06-30 |
|---|---|---|---|
| Operating margin | 37.9% | 41.7% | |
| Net margin | 12.2% | 17.1% | |
| Return on capital employed | 16.4% | 19.6% | |
| Gearing (liabilities / total assets) | 114.9% | 108.4% | |
| Current ratio | 0.86x | 0.92x | |
| Interest cover | 1.87x | 2.34x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Group has a robust capital structure, comprising ordinary shares and a senior bank debt, and access to a revolving credit facility. Strong business model with revenue derived from subscriptions and high renewal rate. Directors conclude it appropriate to adopt the 'going concern' basis after reviewing plans and forecasts for 12 months post audit report signing date.”
Group structure
- FLEET FINCO LIMITED · parent
- Fleet Midco Limited 100%
- Fleet Midco I Limited 100%
- Fleet Midco II Limited 100%
- Fleet Bidco Limited 100%
- Fleet U.S. Bidco Inc. 100%
Significant events
- “Subsequent to the year end, the interest margin on the Term Loan B (TLB) facility decreased by 25 basis points to 2.50%, in accordance with a step-down provision embedded within the lender agreement.”
- “No other matters or circumstances have arisen since 30 June 2025 that have significantly affected, or may significantly affect, the Group's operations, the results of those operations, or the Group's state of affairs in future financial years.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ASHMAN, Stuart John | Secretary | 2017-04-28 | — | — |
| ASHMAN, Stuart John | Director | 2017-03-29 | May 1965 | Australian |
| BINKS, Mark Adrian | Director | 2024-07-16 | Aug 1954 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GIVEN, Andrew John | Secretary | 2016-05-26 | 2017-04-28 |
| BURKLEY, Matthew Prat | Director | 2018-07-01 | 2024-07-16 |
| GIVEN, Andrew John | Director | 2016-05-26 | 2018-06-30 |
| LANNING, Christopher Glenn | Director | 2016-05-26 | 2017-03-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Mark Adrian Binks | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-02-21 | Active |
| Fleet Topco Limited | Corporate entity | Shares 75–100% | 2016-05-26 | Ceased 2016-05-26 |
Filing timeline
Last 20 of 45 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-04-19 RESOLUTIONS Resolution
- 2022-07-11 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-07 | AA | accounts | Accounts with accounts type group | |
| 2025-06-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-10 | AA | accounts | Accounts with accounts type group | |
| 2024-07-23 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-16 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-03 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-05-03 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-04-19 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-04-19 | CAP-SS | insolvency | Legacy | |
| 2024-04-19 | RESOLUTIONS | resolution | Resolution | |
| 2024-04-19 | SH20 | capital | Legacy | |
| 2023-11-24 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-11-03 | AA | accounts | Accounts with accounts type group | |
| 2023-06-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-17 | AA | accounts | Accounts with accounts type group | |
| 2022-07-12 | SH15 | capital | Capital reduction of capital redomination | |
| 2022-07-12 | SH14 | capital | Capital redomination of shares | |
| 2022-07-11 | SH18 | capital | Capital statement directors reduction of capital following redomination | |
| 2022-07-11 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- Capital events
- 0
- 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.