Registered number: 04519180
FOR THE YEAR ENDED 31 DECEMBER 2025
COMPANY INFORMATION
CONTENTS
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors present the strategic report for the year ended 31 December 2025.
Despite the economic and political uncertainty, 2025 was a milestone year for the DRPG team, celebrating our 45th Anniversary. This was an ideal opportunity to raise our profile and compete beyond our scale — a strategy that matters all the more in a difficult market.
In June we were delighted to welcome clients, suppliers and friends of the group, alongside our own team and their families, to a family day for over 1,500 guests, followed by a gala dinner for our top clients, hosted in our Worcestershire studios.
Events such as the 45th have certainly helped us keep close to our clients and start to build new relationships with new organisations from across all sectors. This mattered at a time of considerable pressure on businesses — ours included — in respect of cost, resource planning and profitability.
Despite the challenges, our teams in the UK, Germany and the USA have received outstanding feedback and recognition from clients, audiences and the industry with over 67 industry awards won in the year including Global Agency of the Year. We delivered over 1,700 projects across 33 countries, using multiple communications channels in 22 sectors, from retail to automotive, pharmaceutical to financial services.
The 45th celebrations were all about looking back; the 45th Legacy, launched in September 2025 was all about looking forward. Building on our long heritage, we set out our plans for the future and the next five years with a broadcast to clients and the media.
We outlined the considerable investment in 2025 of over £6.5m, from our new London headquarters and studio in the heart of Soho to improvements at our Worcestershire studios, which now have the capacity to host up to 800 guests. Our USA growth has been significant during 2025 with many new clients and investment into our facilities in North Carolina. Finally OWB, our brand craft agency, expanded into larger offices to meet the growing demand for their work.
As part of our commitment to sustainability, we set ourselves the challenge of completing 45 community projects, ranging from using our expertise to help charities raise funds and improve community facilities, to hosting students through our Sparks programme. The commitment shown by the team has been genuinely inspiring.
2025 was a challenging year for many organisations, ourselves included, but it was also a year full of opportunity. We commenced a re-structure of the group in 2025, with the help of outside consultants, this will continue throughout 2026 as part of being fit for the future programme.
The buzz word is AI, no sector is immune from the impacts of AI, however creativity and the human experience is still strongly in the domain of being controlled by humans. We have embraced AI, our Innovation team and creative technologists from across the group have been developing a range of solutions to support the ‘human experience’ from the industry leading Cartori avatar to the way we manage data, research and measurement.
AI has an important part to play in helping to support the agency growth; however, we are committed to use AI responsibly and ensure everything we do is authentic and transparent. Our Innovation Labs series has seen over 76 online and F2F sessions and over 60 thought leadership presentations to clients and the industry, sharing our insight and knowledge on new technology and innovations.
Our focus will always be to create value driven solutions by delivering amazing experiences, which change behaviours and bring positive change to organisations and the community.
In June we were delighted to welcome clients, suppliers and friends of the group, alongside our own team and their families, to a family day for over 1,500 guests, followed by a gala dinner for our top clients, hosted in our Worcestershire studios.
Events such as the 45th have certainly helped us keep close to our clients and start to build new relationships with new organisations from across all sectors. This mattered at a time of considerable pressure on businesses — ours included — in respect of cost, resource planning and profitability.
Despite the challenges, our teams in the UK, Germany and the USA have received outstanding feedback and recognition from clients, audiences and the industry with over 67 industry awards won in the year including Global Agency of the Year. We delivered over 1,700 projects across 33 countries, using multiple communications channels in 22 sectors, from retail to automotive, pharmaceutical to financial services.
The 45th celebrations were all about looking back; the 45th Legacy, launched in September 2025 was all about looking forward. Building on our long heritage, we set out our plans for the future and the next five years with a broadcast to clients and the media.
We outlined the considerable investment in 2025 of over £6.5m, from our new London headquarters and studio in the heart of Soho to improvements at our Worcestershire studios, which now have the capacity to host up to 800 guests. Our USA growth has been significant during 2025 with many new clients and investment into our facilities in North Carolina. Finally OWB, our brand craft agency, expanded into larger offices to meet the growing demand for their work.
As part of our commitment to sustainability, we set ourselves the challenge of completing 45 community projects, ranging from using our expertise to help charities raise funds and improve community facilities, to hosting students through our Sparks programme. The commitment shown by the team has been genuinely inspiring.
2025 was a challenging year for many organisations, ourselves included, but it was also a year full of opportunity. We commenced a re-structure of the group in 2025, with the help of outside consultants, this will continue throughout 2026 as part of being fit for the future programme.
The buzz word is AI, no sector is immune from the impacts of AI, however creativity and the human experience is still strongly in the domain of being controlled by humans. We have embraced AI, our Innovation team and creative technologists from across the group have been developing a range of solutions to support the ‘human experience’ from the industry leading Cartori avatar to the way we manage data, research and measurement.
AI has an important part to play in helping to support the agency growth; however, we are committed to use AI responsibly and ensure everything we do is authentic and transparent. Our Innovation Labs series has seen over 76 online and F2F sessions and over 60 thought leadership presentations to clients and the industry, sharing our insight and knowledge on new technology and innovations.
Our focus will always be to create value driven solutions by delivering amazing experiences, which change behaviours and bring positive change to organisations and the community.
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GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Our sizable investment in people, infrastructure, technology and new sectors are making a positive difference, with our group EBITDA growing from £2,976,736 in 2024 to £3,447,809 in 2025. The re-structure and investment programme has meant our depreciation and amortisation costs have been extraordinarily high for the year. However, they have laid the foundations for the future. Our strategy is to build on those successes and foundations to get closer to our vision: of being the global agency of choice.
We see 2026 as a year to build on the foundations of 2025, to allow us to push forward with our ‘4C’s’ priorities of Commerciality, Consistency, Consolidation and Confidence. This sets the scene for the start of a period where we can reap the benefits and pave the way for growth over the next 4 years as we head towards 2030.
We see 2026 as a year to build on the foundations of 2025, to allow us to push forward with our ‘4C’s’ priorities of Commerciality, Consistency, Consolidation and Confidence. This sets the scene for the start of a period where we can reap the benefits and pave the way for growth over the next 4 years as we head towards 2030.
The company recognises areas of risk to the business. The main area of risk is considered to be the current economic and political climate. The company aims to limit its risk to a management level by expanding its customer base in its subsidiary companies.
This section includes our mandatory reporting of energy and greenhouse gas emissions for the period 1 January 2025 to 31 December 2025, pursuant to the Companies (Directors' Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018, implementing the government's Streamlined Energy and Carbon Reporting (SECR) policy.
Our methodology to calculate our greenhouse gas emissions is based on the 'Environmental Reporting Guidelines: Including streamlined energy and carbon reporting guidance (March 2019)' issued by DEFRA, using DEFRA's 2023 conversion factors. In some cases consumption has been extrapolated from available data or direct comparison made to a comparable period.
We report using a financial control approach to define our organisational boundary. We have reported all material emission sources required by the regulations for which we deem ourselves to be responsible and have maintained records of all source data and calculations.
The table below includes total energy consumption (reported as kWh) and greenhouse gas emissions for the sources required by the regulations, along with our intensity ratio.
Our methodology to calculate our greenhouse gas emissions is based on the 'Environmental Reporting Guidelines: Including streamlined energy and carbon reporting guidance (March 2019)' issued by DEFRA, using DEFRA's 2023 conversion factors. In some cases consumption has been extrapolated from available data or direct comparison made to a comparable period.
We report using a financial control approach to define our organisational boundary. We have reported all material emission sources required by the regulations for which we deem ourselves to be responsible and have maintained records of all source data and calculations.
The table below includes total energy consumption (reported as kWh) and greenhouse gas emissions for the sources required by the regulations, along with our intensity ratio.
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GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
2025 2024
Total Energy Consumption - Used for Emissions Calculations (kWh) 1,445,871 1,280,984
Gas Combustion Emissions, Scope 1 (tCO2e) 81.24 4.16
Purchased Electricity Emissions, Scope 2 (tCO2e) - -
Vehicle Fuel Combustion Emissions, Scope 1 (tCO2e) 24.81 108.93
Purchased Electricity Emissions, Scope 3 (tCO2e) 36.76 35.20
Vehicle Fuel Combustion Emissions, Scope 3 (tCO2e) 115.50 116.49
Total Gross Reported Emissions (tCO2e) 537.60 544.62
Turnover (£m) 67.86 54.10
Intensity Ratio: Turnover (tCO2e) 7.92 10.7
Total Energy Consumption - Used for Emissions Calculations (kWh) 1,445,871 1,280,984
Gas Combustion Emissions, Scope 1 (tCO2e) 81.24 4.16
Purchased Electricity Emissions, Scope 2 (tCO2e) - -
Vehicle Fuel Combustion Emissions, Scope 1 (tCO2e) 24.81 108.93
Purchased Electricity Emissions, Scope 3 (tCO2e) 36.76 35.20
Vehicle Fuel Combustion Emissions, Scope 3 (tCO2e) 115.50 116.49
Total Gross Reported Emissions (tCO2e) 537.60 544.62
Turnover (£m) 67.86 54.10
Intensity Ratio: Turnover (tCO2e) 7.92 10.7
The board of directors of DRP Holdings Limited (including all of its subsidiaries) consider that they have acted in the way they consider, in good faith, would be best to promote the success of the group for the benefit of both its shareholder and stakeholders during the year to 31 December 2025.
Our comments in this report show our commitment, engagement and consideration of our key stakeholders, being employees, customers, suppliers and the community. Our day to day involvement with the management of the business allows us take a hands on approach to consulting, considering and communicating our long term vision for the business with our stakeholders.
Our comments in this report show our commitment, engagement and consideration of our key stakeholders, being employees, customers, suppliers and the community. Our day to day involvement with the management of the business allows us take a hands on approach to consulting, considering and communicating our long term vision for the business with our stakeholders.
This report was approved by the board and signed on its behalf.
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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 principal activity of the group continued to be that of presentation and communications.
The profit for the year, after taxation, amounted to £486,547 (2024 -profit £593,712).
Ordinary dividends were paid amounting to £Nil (2024 - £Nil). The directors do not recommend payment of a further dividend.
The directors who served during the year were:
On 1 January 2026, M K Franks and R D Parmenter were appointed directors of the Company.
DRP Group has continued to invest in research and development during the period in order to enhance service offering to customers.
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 company continues and that the appropriate training is arranged. It is the policy of the company that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.
The company's policy is to consult and discuss with employees meetings, matters likely to affect employees' interests. Information about matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the company's performance.
A statement regarding the need to foster the company's business relationships has been included in the Strategic Report.
No major alterations to the group's or company's present position are foreseen.
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DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The auditor, S&W Audit (a trading name of S&W Partners Audit Limited), will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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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 judgements 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; and
∙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.
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DRP HOLDINGS LIMITED
Opinion
We have audited the financial statements of DRP Holdings 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 and Parent Company Balance Sheets, the Consolidated and Parent Company Statements of Changes in Equity, the Consolidated Statement of Cash Flows, the Consolidated Analysis of Net Debt and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Group and Parent Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Material uncertainty relating to going concern
We draw attention to note 2.3 in the financial statements, which describes the Group’s debt financing arrangements, including existing covenant compliance requirements and its ongoing process to obtain additional debt financing, which, as at the date of approval of the financial statements, remains subject to confirmation and final lender approval.
As stated in note 2.3, these conditions indicate that a material uncertainty exists that may cast significant doubt on the group and parent company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.
Notwithstanding the above, 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.
As stated in note 2.3, these conditions indicate that a material uncertainty exists that may cast significant doubt on the group and parent company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.
Notwithstanding the above, 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.
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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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DRP HOLDINGS LIMITED
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
∙adequate accounting records have not been kept by the Parent Company, or returns adequate for our audit have not been received from branches not visited by us; or
∙the Parent Company financial statements are not in agreement with the accounting records and returns; or
∙certain disclosures of directors’ remuneration specified by law are not made; or
∙we have not received all the information and explanations we require for our audit.
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DRP HOLDINGS LIMITED
Responsibilities of directors
As explained more fully in the Directors’ Responsibilities Statement set out on page 8, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the Group's and the Parent Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Group or the Parent Company or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
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 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 a general understanding of the group’s legal and regulatory framework through enquiry of management concerning their understanding of relevant laws and regulations, the entity’s policies and procedures regarding compliance, and how they identify, evaluate and account for litigation claims. We also drew on our existing understanding of the group’s industry and regulation. For significant components, this included discussions with component management.
We understand that the group complies with the framework through:
∙Outsourcing accounts preparation and tax compliance to external experts.
∙Subscribing to relevant updates from external experts and making changes to internal procedures and controls as necessary.
In the context of the audit, we considered those laws and regulations which determine the form and content of the financial statements, which are central to the group’s ability to conduct its business, and/or where there is a risk that failure to comply could result in material penalties. We identified the following laws and regulations as being of significance in the context of the group:
∙The Companies Act 2006 and FRS 102 in respect of the preparation and presentation of the financial statements.
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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DRP HOLDINGS LIMITED
The senior statutory auditor led a discussion with senior members of the engagement team regarding the susceptibility of the entity’s financial statements to material misstatement, including how fraud might occur. The areas identified in this discussion were:
∙The risk that revenue may be misstated and associated misstatement of the valuation of accrued and deferred revenue, through manipulation of judgements made regarding the completion date of events project work.
∙Manipulation of the financial statements through journal entries.
These areas were communicated to the other members of the engagement team not present at the discussion.
The procedures we carried out to gain evidence in the above areas included:
The procedures we carried out to gain evidence in the above areas included:
∙Substantive testing of revenue recognised around the period end to underlying evidence of work completion dates.
∙Substantive testing of amounts recognised within accrued and deferred revenue at year-end to underlying documentation, including recalculation of expected amounts accrued and deferred.
∙Challenging management regarding the assumptions made with respect to the valuation of accrued revenue, and substantive testing to obtain evidence of recoverability, including comparison to post year-end information.
∙Testing of manual journal entries selected based on specific risk assessments, with a particular focus on journals indicating large or unusual transactions based on our understanding of the business.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the Parent 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 Parent 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 Parent Company and the Parent Company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
Senior Statutory Auditor
for and on behalf of
Chartered Accountants
Statutory Auditor
14th Floor
103 Colmore Row
B3 3AG
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CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
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CONSOLIDATED BALANCE SHEET
AS AT 31 DECEMBER 2025
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CONSOLIDATED BALANCE SHEET (CONTINUED)
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 21 to 53 form part of these financial statements.
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COMPANY BALANCE SHEET
AS AT 31 DECEMBER 2025
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COMPANY BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2025
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 profit of the Parent Company for the year was £290,139 (2024 - loss of £5,010,124)
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 21 to 53 form part of these financial statements.
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