Company Registration Number: 15734046
FOR THE YEAR ENDED 31 DECEMBER 2025
TRITON CONSORTIUM LIMITED
COMPANY INFORMATION
TRITON CONSORTIUM LIMITED
CONTENTS
TRITON CONSORTIUM LIMITED
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
Triton Consortium Limited was established in 2024 as a new holding company (TopCo) to facilitate the management buyout of the existing Triton businesses. The structure provided the corporate framework through which the MBO shareholders could hold their interests in Triton Security & Facilities Management Limited and Triton Risk Management Limited and enabled the associated acquisition funding and governance arrangements to be put in place.
The formation of the Group represented an important stage in Triton's development, creating a clearer ownership and governance structure from which the management team could continue to develop the existing businesses and pursue the Group's longer-term growth strategy.
Group businesses
Triton Security & Facilities Management Limited is the Group's established core trading business, founded in 2003. Its operational infrastructure, client relationships, financial strength and industry experience provided the platform from which Triton Risk Management was developed and integrated into the Group.
Triton Risk Management complements the core security business by delivering more specialist, higher-risk services requiring additional technical expertise, qualifications and operational controls.
Together, the businesses enable the Group to provide both large-scale security and facilities management services and more complex specialist risk solutions, creating a broader and increasingly differentiated service proposition.
Strategic progress during the year
The year represented a significant period of development for the Group, with continued investment in its corporate, operational and management infrastructure.
A key milestone was the refinancing of the MBO through an eight-figure funding package with HSBC. The refinancing provided the funding required to complete the full buyout of the remaining shareholders, consolidating ownership under the management team.
It also enabled the Group to settle, on favourable commercial terms, the outstanding debt arrangements associated with the former shareholders. This simplified the Group's ownership and financing structure and provided a stronger platform for its next stage of growth.
Alongside the refinancing, the Group made significant investment in strengthening its management and leadership infrastructure across finance, compliance, people and culture, commercial leadership and operational management. These investments are intended to enhance governance, strengthen operational control and ensure that the Group has the management capacity and infrastructure required to support further growth.
Group integration and operating model
Bringing Triton Security & Facilities Management and Triton Risk Management together under one Group creates both operational and commercial benefits.
The businesses share central resources including HR, finance, compliance, elements of operations and the National Control Hub, reducing duplication, improving efficiency and creating greater operational resilience.
The businesses also support one another commercially through shared client relationships, cross-selling opportunities and the ability to offer a broader range of services through a single Group.
Operationally, the businesses share specialist knowledge, management expertise, resources and best practice. This strengthens service delivery and provides the Group with the capability to manage both large-scale security contracts and more complex specialist risk assignments.
The formation of the Group represented an important stage in Triton's development, creating a clearer ownership and governance structure from which the management team could continue to develop the existing businesses and pursue the Group's longer-term growth strategy.
Group businesses
Triton Security & Facilities Management Limited is the Group's established core trading business, founded in 2003. Its operational infrastructure, client relationships, financial strength and industry experience provided the platform from which Triton Risk Management was developed and integrated into the Group.
Triton Risk Management complements the core security business by delivering more specialist, higher-risk services requiring additional technical expertise, qualifications and operational controls.
Together, the businesses enable the Group to provide both large-scale security and facilities management services and more complex specialist risk solutions, creating a broader and increasingly differentiated service proposition.
Strategic progress during the year
The year represented a significant period of development for the Group, with continued investment in its corporate, operational and management infrastructure.
A key milestone was the refinancing of the MBO through an eight-figure funding package with HSBC. The refinancing provided the funding required to complete the full buyout of the remaining shareholders, consolidating ownership under the management team.
It also enabled the Group to settle, on favourable commercial terms, the outstanding debt arrangements associated with the former shareholders. This simplified the Group's ownership and financing structure and provided a stronger platform for its next stage of growth.
Alongside the refinancing, the Group made significant investment in strengthening its management and leadership infrastructure across finance, compliance, people and culture, commercial leadership and operational management. These investments are intended to enhance governance, strengthen operational control and ensure that the Group has the management capacity and infrastructure required to support further growth.
Group integration and operating model
Bringing Triton Security & Facilities Management and Triton Risk Management together under one Group creates both operational and commercial benefits.
The businesses share central resources including HR, finance, compliance, elements of operations and the National Control Hub, reducing duplication, improving efficiency and creating greater operational resilience.
The businesses also support one another commercially through shared client relationships, cross-selling opportunities and the ability to offer a broader range of services through a single Group.
Operationally, the businesses share specialist knowledge, management expertise, resources and best practice. This strengthens service delivery and provides the Group with the capability to manage both large-scale security contracts and more complex specialist risk assignments.
Page 1
TRITON CONSORTIUM LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Financial performance
The Group delivered revenue of £47.45m during 2025, compared with £11.26m in the previous period (the previous period being a short period from 22 May 2024 to 31 December 2024), representing significant growth as a group. Gross profit was £10.66m, representing a gross margin of 22.5%, compared with £2.63m and 23.4% respectively in the prior year. Operating profit increased to £5.9m, compared with £1.3m in 2024.
The Board continues to maintain a strong focus on financial discipline, cash management and the quality and sustainability of earnings as the Group continues to grow.
Section 172(1) Statement
The Directors have acted throughout the year in accordance with their duties under Section 172 of the Companies Act 2006 and consider the long-term impact of decisions on the Triton's stakeholders, including employees, customers, suppliers, financial stakeholders and the communities in which the Triton operates.
The Board recognises that the long-term success of the Triton depends upon maintaining strong customer relationships, attracting and retaining talented employees, working responsibly with suppliers and subcontractors, maintaining high standards of governance and compliance, and creating sustainable value for shareholders.
Examples of how stakeholder interests were considered during 2025 are described throughout this Strategic Report, including:
The Group delivered revenue of £47.45m during 2025, compared with £11.26m in the previous period (the previous period being a short period from 22 May 2024 to 31 December 2024), representing significant growth as a group. Gross profit was £10.66m, representing a gross margin of 22.5%, compared with £2.63m and 23.4% respectively in the prior year. Operating profit increased to £5.9m, compared with £1.3m in 2024.
The Board continues to maintain a strong focus on financial discipline, cash management and the quality and sustainability of earnings as the Group continues to grow.
Section 172(1) Statement
The Directors have acted throughout the year in accordance with their duties under Section 172 of the Companies Act 2006 and consider the long-term impact of decisions on the Triton's stakeholders, including employees, customers, suppliers, financial stakeholders and the communities in which the Triton operates.
The Board recognises that the long-term success of the Triton depends upon maintaining strong customer relationships, attracting and retaining talented employees, working responsibly with suppliers and subcontractors, maintaining high standards of governance and compliance, and creating sustainable value for shareholders.
Examples of how stakeholder interests were considered during 2025 are described throughout this Strategic Report, including:
∙the expansion of Triton’s Fire Systems offering and broader service diversification strategy, supporting customer relationships and long-term revenue resilience (see Diversification - Fire Systems);
∙investment in senior leadership capability, succession planning and organisational development to support employees and Tritons long-term growth objectives (see Professionalisation & Leadership);
∙investment in technology, operational systems and data capabilities to enhance service delivery, operational oversight and customer experience (see Technology & Systems and Artificial Intelligence & Innovation);
∙strengthening governance, compliance and financial management capabilities to support sustainable growth and sound decision-making (see Professionalisation & Leadership and Banking & External Expertise); and
∙supporting apprenticeships, charitable initiatives and community engagement activities to create wider social value and future employment opportunities (see Social Value & Communities).
In considering significant strategic decisions, the Board has regard to the likely long-term consequences of those decisions, the interests of key stakeholders, the need to maintain the Triton's reputation for high standards of business conduct and the importance of delivering sustainable long-term growth. The Directors consider that the activities undertaken during 2025 have promoted the long-term success of the Triton while balancing the interests of its stakeholders.
Strategy and future development
The Group's strategy is focused on building a larger, more diversified and resilient business by combining the scale and established infrastructure of Triton Security & Facilities Management with the specialist capabilities of Triton Risk Management.
Triton Security provides the Group with a strong operational platform, established client relationships and a 23-year trading history. Triton Risk Management significantly enhances that proposition through specialist, technically demanding and higher-risk services requiring experienced personnel, advanced qualifications and robust operational controls.
Strategy and future development
The Group's strategy is focused on building a larger, more diversified and resilient business by combining the scale and established infrastructure of Triton Security & Facilities Management with the specialist capabilities of Triton Risk Management.
Triton Security provides the Group with a strong operational platform, established client relationships and a 23-year trading history. Triton Risk Management significantly enhances that proposition through specialist, technically demanding and higher-risk services requiring experienced personnel, advanced qualifications and robust operational controls.
Page 2
TRITON CONSORTIUM LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The businesses are complementary and equally important to the Group's future. Security provides scale and recurring revenues, while Risk gives the Group access to specialist markets, more complex assignments and higher-value opportunities that many traditional security providers cannot deliver.
Future growth is expected to come from expanding both businesses, developing fire and technology-led services, increasing cross-selling across the existing client base and pursuing new opportunities drawing upon capabilities from across the Group.
Continued investment in leadership, technology, systems and the National Control Hub will provide the infrastructure required to support further growth.
The Group also continues to assess strategic opportunities which complement its existing capabilities and could accelerate its development. With the support of its banking partner, HSBC, the Board believes the Group has the financial and operational platform from which to consider appropriate acquisition, investment and partnership opportunities where these support the Group's long-term strategy.
Principal Risks and Uncertainties
Please review these against the statutory accounts and advise if anything should be added, removed or amended.
Customer and Market Risk
The Company operates in competitive markets and is dependent on maintaining strong customer relationships and securing new business opportunities. A significant proportion of customers are supported by contractual arrangements extending beyond 12 months, providing greater revenue visibility and supporting long-term customer retention. This risk is mitigated through service quality, customer engagement, diversification of services and maintaining a broad customer base.
Operational Delivery Risk
The Company's reputation depends upon the consistent delivery of services across multiple customer locations. Management seeks to mitigate this risk through operational oversight, compliance monitoring, training and investment in systems and processes.
Labour Availability and Cost Risk
The Company relies upon the recruitment, retention and development of suitably skilled employees and subcontractors. The risk is managed through workforce planning, employee development, leadership investment and apprenticeship programmes.
Working Capital, Liquidity and Credit Risk
The business requires effective management of cash flows, debtor collections and funding arrangements to support ongoing operations and growth. The Board regularly reviews working capital performance, customer credit exposure and liquidity requirements.
Regulatory and Compliance Risk
The Company operates in sectors subject to legal, regulatory and customer-specific requirements. Compliance risks are managed through governance procedures, specialist expertise, ongoing monitoring and investment in compliance resources.
Technology, Cyber Security and Data Risk
The Company increasingly relies on technology and data to support operational performance and customer service. Risks are mitigated through investment in systems, security controls, monitoring and appropriate governance over technology and information.
Future growth is expected to come from expanding both businesses, developing fire and technology-led services, increasing cross-selling across the existing client base and pursuing new opportunities drawing upon capabilities from across the Group.
Continued investment in leadership, technology, systems and the National Control Hub will provide the infrastructure required to support further growth.
The Group also continues to assess strategic opportunities which complement its existing capabilities and could accelerate its development. With the support of its banking partner, HSBC, the Board believes the Group has the financial and operational platform from which to consider appropriate acquisition, investment and partnership opportunities where these support the Group's long-term strategy.
Principal Risks and Uncertainties
Please review these against the statutory accounts and advise if anything should be added, removed or amended.
Customer and Market Risk
The Company operates in competitive markets and is dependent on maintaining strong customer relationships and securing new business opportunities. A significant proportion of customers are supported by contractual arrangements extending beyond 12 months, providing greater revenue visibility and supporting long-term customer retention. This risk is mitigated through service quality, customer engagement, diversification of services and maintaining a broad customer base.
Operational Delivery Risk
The Company's reputation depends upon the consistent delivery of services across multiple customer locations. Management seeks to mitigate this risk through operational oversight, compliance monitoring, training and investment in systems and processes.
Labour Availability and Cost Risk
The Company relies upon the recruitment, retention and development of suitably skilled employees and subcontractors. The risk is managed through workforce planning, employee development, leadership investment and apprenticeship programmes.
Working Capital, Liquidity and Credit Risk
The business requires effective management of cash flows, debtor collections and funding arrangements to support ongoing operations and growth. The Board regularly reviews working capital performance, customer credit exposure and liquidity requirements.
Regulatory and Compliance Risk
The Company operates in sectors subject to legal, regulatory and customer-specific requirements. Compliance risks are managed through governance procedures, specialist expertise, ongoing monitoring and investment in compliance resources.
Technology, Cyber Security and Data Risk
The Company increasingly relies on technology and data to support operational performance and customer service. Risks are mitigated through investment in systems, security controls, monitoring and appropriate governance over technology and information.
Page 3
TRITON CONSORTIUM LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Reputational Risk
Maintaining the Company's reputation is critical to retaining customers, attracting employees and supporting future growth. The Board seeks to protect the Company's reputation through high standards of service delivery, governance, compliance and ethical business conduct.
Outlook
The Board believes the Group enters its next stage of development from a significantly strengthened position.
The MBO established a new ownership structure, the subsequent refinancing simplified that structure and strengthened the Group's financial platform, and continued investment in management, systems and operational capability has increased the Group's capacity to grow.
The combination of an established national security and facilities management business with increasingly specialist risk, fire and technology capabilities provides the Group with a differentiated position within its markets.
The combination of an established national security and facilities management business with increasingly specialist risk, fire and technology capabilities provides the Group with a differentiated position within its markets.
The Board remains focused on sustainable organic growth, further diversification of revenues, operational excellence and appropriate strategic opportunities as Triton progresses towards its longer-term ambition of becoming a £100 million turnover group.
Going Concern
The directors have assessed the Company's ability to continue as a going concern and remain satisfied that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.
Maintaining the Company's reputation is critical to retaining customers, attracting employees and supporting future growth. The Board seeks to protect the Company's reputation through high standards of service delivery, governance, compliance and ethical business conduct.
Outlook
The Board believes the Group enters its next stage of development from a significantly strengthened position.
The MBO established a new ownership structure, the subsequent refinancing simplified that structure and strengthened the Group's financial platform, and continued investment in management, systems and operational capability has increased the Group's capacity to grow.
The combination of an established national security and facilities management business with increasingly specialist risk, fire and technology capabilities provides the Group with a differentiated position within its markets.
The combination of an established national security and facilities management business with increasingly specialist risk, fire and technology capabilities provides the Group with a differentiated position within its markets.
The Board remains focused on sustainable organic growth, further diversification of revenues, operational excellence and appropriate strategic opportunities as Triton progresses towards its longer-term ambition of becoming a £100 million turnover group.
Going Concern
The directors have assessed the Company's ability to continue as a going concern and remain satisfied that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.
This report was approved by the board and signed on its behalf.
Page 4
TRITON CONSORTIUM 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 profit for the year, after taxation and minority interests, amounted to £394,588 (2024 - loss £39,562).
Ordinary dividends were paid amounting to £150,403. The directors do not recommend payment of a further dividend.
The directors who served during the year were:
Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the group continues and that the appropriate training is arranged. It is the policy of the group that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.
Employee involvement
The group's policy is to consult and discuss with employees at meetings, matters likely to affect employees' interests.
The group's policy is to consult and discuss with employees at meetings, matters likely to affect employees' interests.
Energy and carbon report
As the group has not consumed more than 40,000 kWh of energy in this reporting period, it qualifies as a low energy user under these regulations and is not required to report on its emissions, energy consumption or energy efficiency activities.
As the group has not consumed more than 40,000 kWh of energy in this reporting period, it qualifies as a low energy user under these regulations and is not required to report on its emissions, energy consumption or energy efficiency activities.
The Company has chosen to set out in the strategic report information required to be contained in the directors' report, in respect of financial instruments, engagement with suppliers, customers, and others, and future developments.
The auditors, Armstrong Watson Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
Page 5
TRITON CONSORTIUM LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
This report was approved by the board and signed on its behalf.
Page 6
TRITON CONSORTIUM LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
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.
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 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 the Group and of the profit or loss of the Group for that period.
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;
∙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 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.
Page 7
TRITON CONSORTIUM LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TRITON CONSORTIUM LIMITED
We have audited the financial statements of Triton Consortium Limited (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 31 December 2025, which comprise the Consolidated Statement of Comprehensive Income, the Consolidated Statement of Financial Position, the Company Statement of Financial Position, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity 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.
Page 8
TRITON CONSORTIUM LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TRITON CONSORTIUM LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' 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.
Page 9
TRITON CONSORTIUM LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TRITON CONSORTIUM 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 Auditors' 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:
∙We obtained an understanding of laws and regulations that affect the Company, focusing on those that had a direct effect on the financial statements or that had a fundamental effect on its operations. Key laws and regulations that we identified included the UK Companies Act and tax legislation.
∙We enquired of the directors, reviewed correspondence with HMRC and reviewed directors meeting minutes for evidence of non-compliance with relevant laws and regulations. We also reviewed controls the directors have in place to ensure compliance.
∙We gained an understanding of the controls that the directors have in place to prevent and detect fraud. We enquired of the directors about any incidences of fraud that had taken place during the accounting period.
∙The risk of fraud and non-compliance with laws and regulations and fraud was discussed within the audit team and tests were planned and performed to address these risks. We identified the potential for fraud in the following area: management override of controls.
∙We reviewed financial statements disclosures and tested to supporting documentation to assess compliance with relevant laws and regulations discussed above.
∙We enquired of the directors about actual and potential litigation and claims.
∙We performed analytical procedures to identify any unusual or unexpected relationships that might indicate risks of material misstatement due to fraud.
∙In addressing the risk of fraud due to management override of internal controls we tested the appropriateness of journal entries and assessed whether the judgements made in making accounting estimates were indicative of a potential bias.
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 Auditors' Report.
Page 10
TRITON CONSORTIUM LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TRITON CONSORTIUM 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 Auditors' 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
Page 11
TRITON CONSORTIUM LIMITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 12
TRITON CONSORTIUM LIMITED
REGISTERED NUMBER: 15734046
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 18 to 34 form part of these financial statements.
Page 13
TRITON CONSORTIUM LIMITED
REGISTERED NUMBER: 15734046
COMPANY STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 18 to 34 form part of these financial statements.
Page 14
TRITON CONSORTIUM LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 15
TRITON CONSORTIUM LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 16
TRITON CONSORTIUM LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 17
TRITON CONSORTIUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Triton Consortium Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Templar House, 1 Sandbeck Court, Sandbeck Way, Wetherby, West Yorkshire, LS22 7BA.
The comparatives presented in these financial statements are for the period from incorporation on 22 May 2024 to 31 December 2024.
The comparatives presented in these financial statements are for the period from incorporation on 22 May 2024 to 31 December 2024.
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 Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements.
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 Statement of Financial Position, 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 Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of Financial Position, 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 Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases.
At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Page 18
TRITON CONSORTIUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Page 19
TRITON CONSORTIUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Goodwill
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.
Page 20
TRITON CONSORTIUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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.
Page 21
TRITON CONSORTIUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
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 Statement of Financial Position when the Group becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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.
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.
Page 22
TRITON CONSORTIUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The directors consider the key sources of estimation uncertainty to be as follows: -
Impairment of goodwill and investments in subsidiaries
The Group and Company hold goodwill and investments in subsidiary undertakings which are subject to impairment review where indicators of impairment exist. Determining whether an impairment is required involves significant estimation and judgement by the directors, including assessments of the current and future performance of the underlying businesses, expected future cash flows, growth rates and the appropriate discount rates applied where relevant.
The recoverable amounts of cash-generating units and subsidiary undertakings are sensitive to changes in these assumptions. A deterioration in trading performance, reductions in forecast profitability, or changes in market conditions could result in impairment charges being recognised in future periods.
The directors have reviewed the carrying values of goodwill and investments in subsidiaries at the reporting date and consider them to be supportable based on the expected future performance of the underlying businesses.
Page 23
TRITON CONSORTIUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 24
TRITON CONSORTIUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 25
TRITON CONSORTIUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 26
TRITON CONSORTIUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
11.Taxation (continued)
There were no factors that may affect future tax charges.
Page 27
TRITON CONSORTIUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
Page 28
TRITON CONSORTIUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
Page 29
TRITON CONSORTIUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 30
TRITON CONSORTIUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 31
TRITON CONSORTIUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Bank loans are secured by way of fixed and floating charges on the assets of the Company
|
|
||
|
|
||
|
|
||
|
|
||
|
|
Page 32
TRITON CONSORTIUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
21.Deferred taxation (continued)
|
|
||
|
|
||
|
|
Profit and loss account
Page 33
TRITON CONSORTIUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
24.Analysis of net debt (continued)
The Group operates a defined contribution scheme for its employees. The amount recognised as an expense during the period was £198,372 (2024 - £46,574 ). A defined contribution scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.
The company was controlled throughout the year by L Paver .
Page 34