ACCOUNTS - Final Accounts

Registered number: 09660056

M&C SAATCHI ACCELERATOR LIMITED

UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

M&C SAATCHI ACCELERATOR LIMITED

COMPANY INFORMATION

Directors	Zaid Al-Qassab (resigned 31 March 2026)
	Simon Fuller
	Andrew Blackstone (appointed 31 March 2026)


Registered number	09660056


Registered office	36 Golden Square
	London
	W1F 9EE

M&C SAATCHI ACCELERATOR LIMITED

CONTENTS

	Page
Directors' report	1
Directors' responsibilities statement	2
Profit and loss account	3
Balance sheet	4 - 5
Notes to the financial statements	6 - 9

M&C SAATCHI ACCELERATOR 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.

Principal activity

The principal activity of the Company is the provision of advertising services.

Results and dividends

The profit for the year, after taxation, amounted to £NIL (2024 - loss £120,000).

Directors

The directors who served during the year were:

Zaid Al-Qassab (resigned 31 March 2026)

Simon Fuller

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the Company's board of directors and signed on its behalf.

................................................

Simon Fuller

Director

Date: 1 September 2026

36 Golden Square

London

W1F 9EE

Page 1

M&C SAATCHI ACCELERATOR LIMITED

DIRECTORS' RESPONSIBILITIES STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2025

The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 101 ‘Reduced Disclosure Framework’. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company 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 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 2

M&C SAATCHI ACCELERATOR LIMITED

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2025

	2025	2024
Note	£000	£000


Administrative expenses	-	(120)
Operating profit/(loss)	-	(120)
Profit/(loss) for the financial year	-	(120)

The Company has not traded during the year. During this period, the Company received no income and incurred no expenditure other than exempted payments under the provisions of section 1169 (3)(b) of the Companies Act 2006.

Page 3

M&C SAATCHI ACCELERATOR LIMITED

REGISTERED NUMBER: 09660056

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£000		£000


Fixed assets
Current assets
Debtors: amounts falling due within one year	4	56		258
		56		258
Creditors: amounts falling due within one year	5	-		(3)
Net current assets			56		255
Total assets less current liabilities			56		255



Net assets excluding pension asset			56		255
Net assets			56		255

Page 4

M&C SAATCHI ACCELERATOR LIMITED

REGISTERED NUMBER: 09660056

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2025

		2025		2024
Note		£000		£000

Capital and reserves
Profit and loss account	56	255
	56	255

The members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

The Company was entitled to exemption from audit under section 479A of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

Simon Fuller

Director

Date: 1 September 2026

The notes on pages 6 to 9 form part of these financial statements.

Page 5

M&C SAATCHI ACCELERATOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

M&C Saatchi Accelerator Limited is a private company limited by shares incorporated in England. The registered office is 36 Golden Square, London, W1F 9EE. The principal activity of the Company is the provision of advertising services.

2.Accounting policies

2.1

Basis of preparation of financial statements

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 101 'Reduced Disclosure Framework' and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 101 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

2.2

FRS 101 - reduced disclosure exemptions

As permitted by FRS 101, the Company has taken advantage of the disclosure exemptions available under that standard in relation to share-based payments, financial instruments, fair value measurements, key management personnel remuneration, presentation of a cash-flow statement, impairment of assets and the revenue disclosure exemptions. Where relevant, equivalent disclosures have been given in the Plc Annual Report. The Plc Annual Report is available to the public and can be obtained as set out in note 10.

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.4

Cash and cash equivalents

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.

2.5

Creditors

Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Creditors are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method.

Page 6

M&C SAATCHI ACCELERATOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	Dividends
	A final dividend of £279.0375 per share amounting to a total of £55,808 (2024 - £Nil) has been proposed for the year ended 31 December 2025. These financial statements do not reflect this dividend, which will be accounted for in shareholders’ equity as an appropriation of retained earnings in the financial year ending 31 December 2026.

Debtors

					2025	2024
					£000	£000


Trade debtors	-	30
Amounts owed by group undertakings	56	132
Corporation tax	-	96
	56	258

5.	Creditors: Amounts falling due within one year
		2025	2024
		£000	£000

Other creditors	-	3
	-	3

Page 7

M&C SAATCHI ACCELERATOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

6.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

160 (2024 - 160) A Ordinary shares of £1 each shares of £1.00 each	160.00	160.00
13 (2024 - 13) B1 Ordinary shares of £0.01 each shares of £0.01 each	0.13	0.13
13 (2024 - 13) B2 Ordinary shares of £0.01 each shares of £0.01 each	0.13	0.13
14 (2024 - 14) B3 Ordinary shares of £1 each shares of £1.00 each	14.00	14.00

	174.26	174.26

7.	Bank Guarantee

On 7 March 2024, M&C Saatchi plc amongst others refinanced its previous facility and entered into a new revolving multicurrency facility agreement with National Westminster Bank Plc, HSBC UK Bank plc and Barclays Bank PLC for up to £50 million (the “Facility”), with a further £50 million extension if required for strategic acquisitions. The Facility term is three years with two one-year extension options. Both extension options have been exercised, extending the Facility’s maturity date to 7 March 2029.

At 31 December 2025, £8 million was drawn on the Facility compared to £14 million drawn on the previous facility at 31 December 2024.

The Facility includes two financial covenants, which if either were to be breached would result in a default of the relevant facility agreement:

The Facility Covenants

1. Interest Cover – EBITDA for the previous 12 months must exceed 5 times the net finance charge (external debt interest, excluding IFRS 16 finance lease interest payments) for the previous 12 months.

2. Leverage – total indebtedness at the period end must not exceed 2.75 times EBITDA for the previous 12 months (adjusted for acquisitions and disposals). This increases to 3.25 times for a 6-month period after an acquisition.

8.	Post balance sheet events

Subsequent to the year-end there have been no other material events specific to the Company requiring disclosure.

Page 8

M&C SAATCHI ACCELERATOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

9.	Controlling party

The immediate parent company is M&C Saatchi (UK) Limited, which is registered in England and Wales. The ultimate parent company is M&C Saatchi plc, which is registered in England and Wales.

The Group is the only group of which the Company is a member and for which group accounts are prepared. Copies of the Plc Annual Report are available from M&C Saatchi plc, 36 Golden Square, London W1F 9EE.

Page 9