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Registered number:
FOR THE YEAR ENDED 31 DECEMBER 2025
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
COMPANY INFORMATION
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
CONTENTS
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors present their strategic report in respect of the financial statements for the period ended the 3rd of January 2026.
The group’s principal activity is that of meat processing. The company is a non-trading holding company.
The Group’s financial performance in 2025 saw a reduction in turnover of 11% versus 2024. This reduction was primarily attributable to the loss of business with one retailer earlier in 2024. Despite a year-on-year reduction in turnover, the Group recorded a 1% increase in gross profit, supported by an improvement in gross profit margin from 25.4% to 28.9%.
During Q2 2025, the Group commenced production and distribution of cooked meat products from the new factory acquired in Q2 2024, trading through the newly established entity, O’Brien Fine Foods Leeming Bar Ltd. The Group delivered an Operating Loss of £2.3m (£3.8m loss after exceptional costs of £1.5m), with £2.2m of this loss sustained in O’Brien Fine Foods Leeming Bar Ltd. This performance is in line with expectations, reflecting the investment and cost profile associated with the business in its start-up phase.
The Directors take considerable effort to assess the critical risks and uncertainties that face the business and are continually seeking ways of mitigating those risks.
Assessing and managing risk is a fundamental part of the day-to-day business management of the Group. Our principal risks and uncertainties are summarised below under the headings of Commercial, Financial and Operational, together with a brief summary of how we manage those risks. Commercial Risk Commodity Availability / Price : The Company is exposed to issues associated with raw material availability, particularly pork. An increase in price, or a lack of availability, could adversely impact the Company’s operations and ability to supply key customers. The Company has long-standing relationships with its pork suppliers, which helps to mitigate the risks associated with pork price volatility and availability of supply. In the current environment, where generally only short-term pricing is available from suppliers, we have adopted a ‘buy-sell’ matching process with customers, by which we are constantly reviewing selling prices with customers in line with commodity price movements.
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Principal risks and uncertainties (continued)
Financial Risk Cashflow / Liquidity Risk : The Company requires continued access to funding for current requirements and future growth. The Group maintains adequate medium-term committed facilities, ensuring that they have sufficient funds available for operations and planned expansion. Credit Risk : The Group is exposed to credit risk in the normal course of business. This risk is managed through credit control policies and the placing of Credit Insurance with a leading, independent insurer. Operational Risk Product Contamination Risk : The Group is subject to the risks of product and / or raw material contamination and potential health-related industry-wide food scares. Such incidents could lead to product recall costs, reputational damage and regulatory penalties. The Group is subject to stringent food safety audits including Red Tractor, BRC, FSA and RSPCA. Health and Safety : A significant breach of Health and Safety legislation could lead to reputational damage, and regulatory penalties, including restrictions on operations, damages or fines. The Group has Health and Safety processes and procedures in place, and conforms to all standards and regulations, as well as pursuing industry best practice across its sites.
The Group regard Revenue, Gross Profit and Operating Profit as the key performance indicators. These are measured monthly and anomalies investigated immediately. A summary of the movements of these KPI's are detailed in the business review.
The Group has a comprehensive environmental and health and safety policy, including a dedicated personnel department. The policies are subject to independent audit and separate from the audit of the financial statements.
This report was approved by the board on 23 June 2026 and signed on its behalf.
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors present their report and the financial statements for the year ended 31 December 2025.
The directors are responsible for preparing the Group strategic report, the Directors' report and the consolidated financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The loss for the year, after taxation, amounted to £4,737,440 (2024 - £1,817,551).
The directors do not recommend a final dividend.
The directors who served during the year were:
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The auditor, Barnes Roffe Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board on
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
We have audited the financial statements of O’Brien Fine Foods Holdings (UK) Limited (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 31 December 2025, which comprise the Consolidated statement of income and retained earnings, the Consolidated analysis of net debt, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the Parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Group strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the Parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group strategic report or the Directors' report.
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
In identifying and assessing risks of material misstatement in respect of irregularities we considered the following:
∙Obtained an understanding of the nature of the industry and sector, including the legal and regulatory frameworks that the Group and parent Company operates in and how the Group and parent Company are complying with the legal and regulatory frameworks;
∙Enquired of management, and those charged with governance, about their own identification and assessment of the risks of irregularities, including any known actual, suspected or alleged instances of fraud; and
∙Discussed matters about non-compliance with laws and regulations and how fraud might occur including assessment of how and where the financial statements may be susceptible to fraud.
All relevant laws and regulations identified at a Group level and areas susceptible to fraud that could have a material effect on the financial statements were communicated. Any instances of non compliance with laws and regulations identified were considered in our audit approach. The most significant laws and regulations were determined as follows:
∙UK GAAP FRS 102 and Companies Act;
∙Tax compliance regulations; and
∙Food and hygiene standards including BRC, Red Tactor, BMPA, RSCPA and HSE.
Additional audit procedures performed by the audit engagement team included:
∙Review of the financial statement disclosures and testing to supporting documentation;
∙Completion of disclosure checklists to identify areas of non-compliance; and
∙Inspection of audit report reports and certification received from external foods standards advisors.
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED (CONTINUED)
The areas that we identified as being susceptible to material misstatement due to fraud were:
∙Revenue recognition;
∙Management override; and
∙Compliance with food and hygiene standards.
Audit procedures in response to the identified areas above:
∙Obtaining an understanding of the processes and controls around revenue recognition;
∙Substantively testing revenue via various methods including transactional, cut off and sequencing;
∙Evaluation of the appropriateness of the accounting policies;
∙Testing the appropriateness of journal entries and other adjustments;
∙Assessing whether the judgements made in making accounting estimates are indicative of a potential bias;
∙Evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business; and
∙Inspection of all recent reports and certification from the relevant bodies and general inspection around the factory.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's report.
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED (CONTINUED)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants
Statutory Auditor
Leytonstone House
3 Hanbury Drive
London
E11 1GA
Date:
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
CONSOLIDATED STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 DECEMBER 2025
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
REGISTERED NUMBER: NI682631
CONSOLIDATED BALANCE SHEET
AS AT 31 DECEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 June 2026.
The notes on pages 15 to 34 form part of these financial statements.
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
REGISTERED NUMBER: NI682631
COMPANY BALANCE SHEET
AS AT 31 DECEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 15 to 34 form part of these financial statements.
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
CONSOLIDATED ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 31 DECEMBER 2025
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
O'Brien Fine Foods Holdings (UK) Limited ("the Company") is a private company limited by shares, incorporated in Northern Ireland. Its registered office is C/O Tughans Llp, The Ewart, 3 Bedford Square, Belfast, Northern Ireland, BT2 7EP.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies (see note 3).
The following principal accounting policies have been applied:
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of income and retained earnings from the date on which control is obtained. They are deconsolidated from the date control ceases. The Company is a wholly owned subsidiary of a non-UK registered entity and therefore does not meet the exemption criteria from consolidation. Please see note 30 for further details.
The group has the continued operational and financial support from the ultimate parent undertaking whilst it continues to establish itself and repayments of any debt will be made from the future trading.
Based on this the directors have a reasonable expectation that the Group will continue in operational existence for the foreseeable future and they continue to adopt the going concern basis of accounting in preparing its annual financial statements.
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Goodwill
Other intangible assets
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Group's Balance sheet when the Group becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Basic financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Group after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Derecognition of financial instruments
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Group transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Group will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Group's contractual obligations expire or are discharged or cancelled.
Accounting judgements and estimation The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below: i) Exceptional items Management have deemed it necessary to separately disclose certain costs as exceptional on the face of the Consolidated Statement of Income and Retained Earnings as it is relevent to the understanding of the Group's performance. See note 5 for further information.
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
The whole of the turnover is attributable to processed meat products.
Analysis of turnover by country of destination:
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Directors are remunerated through another wider group entity of which amounts relating to this company and subsidiary cannot be reliably quantified.
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
12.Taxation (continued)
There were no factors that may affect future tax charges.
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
In the prior year the company extended the terms of the loan to be repayable to 30 November 2028. The initial £15m drawdown of the loan attracts interest at 2.165%. Subsequent drawdowns attract interest based on SONIA (Sterling Overnight Index Average) ratcheted based on Group leverage levels.
The loan is secured over wider group assets under the control of the ultimate parent undertaking. See note 28 for a post balance sheet event that is relevant to the above.
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Profit and loss account
The Group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and amounted to £72,087 (2024 - £74,824). Contributions totalling £9,355 (2024 - £16,489) were payable to the fund at the balance sheet date and are included in creditors.
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O’BRIEN FINE FOODS HOLDINGS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
The Company is a wholly owned subsidiary of Nickelreed Unlimited, a company based in the Isle of Man.
The largest group in which the results of the company are consolidated is headed by Nickelreed Unlimited, whose consolidated financial statements may only be obtained from its registered address. The ultimate controlling party is the O'Brien family.
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