Teneo UK Bidco Limited
Activities of financial services holding companies · London
ActiveUnited KingdomIncorporated 2019Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Group accounts
Net assets
£204,701,000
Cash
£53,655,000
Turnover
£297,469,000
Profit / loss
−£40,832,000
Current assets
£343,334,000
Creditors < 1 year
£165,752,000
Equity
£204,701,000
Average employees
849
Balance-sheet trend
GBP · consolidatedFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-3112 months · Group · AI-read | 2024-12-31Group · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | £204,701,000 | £184,221,000 |
| Equity | £204,701,000 | £184,221,000 |
| Share capital | £100,000 | £100,000 |
| Retained earnings | −£97,291,000 | −£56,459,000 |
| Assets | ||
| Fixed assets | £214,634,000 | £234,500,000 |
| Intangible assets | £203,758,000 | £223,449,000 |
| Property, plant & equipment | £10,876,000 | £11,051,000 |
| Current assets | £343,334,000 | £297,368,000 |
| Cash at bank | £53,655,000 | £21,401,000 |
| Debtors | £289,679,000 | £275,967,000 |
| Liabilities | ||
| Creditors within one year | £165,752,000 | £160,132,000 |
| Creditors after one year | £187,515,000 | £187,515,000 |
| Net current assets | £177,582,000 | £137,236,000 |
| Assets less current liabilities | £392,216,000 | £371,736,000 |
| Profit & loss | ||
| Turnover | £297,469,000 | £276,664,000 |
| Cost of sales | £30,636,000 | £28,392,000 |
| Gross profit | £266,833,000 | £248,272,000 |
| Administrative expenses | £286,358,000 | £220,957,000 |
| Other operating income | — | £944,000 |
| Operating profit | −£19,525,000 | £28,259,000 |
| Interest receivable | £140,000 | £140,000 |
| Interest payable | £17,691,000 | £20,438,000 |
| Profit before tax | −£37,076,000 | £7,961,000 |
| Tax | £3,756,000 | £13,938,000 |
| Profit / loss | −£40,832,000 | −£5,977,000 |
| Operating costs | ||
| Depreciation | £2,243,000 | £2,266,000 |
| Amortisation | £38,357,000 | £37,831,000 |
| Audit fees | £385,000 | £378,000 |
| People & pay | ||
| Average employees | 849 | 793 |
| Staff costs | £148,013,000 | £135,500,000 |
| Wages & salaries | £125,772,000 | £114,709,000 |
| Social security costs | £16,804,000 | £15,380,000 |
| Pension costs | £5,437,000 | £5,411,000 |
| Directors' remuneration | £289,000 | £243,000 |
| Highest paid director | £289,000 | £243,000 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Principal activity
- The principal activity of the Group is to provide advice to the leaders of the world’s most complex organisations.
- What it does
- advice · reputation issues · transformational issues · financial advisory · management consulting · M&A and strategy consulting (AI keywords)
- The year
- The loss before tax of the group was £37.1m (2024: profit before tax £8.0m) which was driven by a share-based payment charge during the year arising on a long-term incentive plan to senior employees. The group’s underlying trading performance was strong, delivering earnings before interest, taxation, depreciation and amortisation and before non-trading costs (adjusted EBITDA – see Note 6) of £86.9m (2024: £84.3m) at a margin on gross profit of 33% (2024: 34%).
- Outlook
- The Group's strategy is to be the global leader in advising the leaders of the world’s most complex organisations.
- Auditor
- BDO LLP · senior statutory auditor Christian Bower-Sloane
- Audit opinion
- Clean (unmodified)
- Immediate parent
- Teneo Strategy LLC · USA
- Ultimate parent
- Teneo Worldwide LLC · USA
- Ultimate controlling party
- Teneo Global LLC
- Accounts
- Full accounts · FRS 102
- Approved
- 2026-04-23, signed by Oliver Childs
Turnover by segment (6)
- UK: 270,944 (000s) (2025-12-31)
- Europe: 4,087 (000s) (2025-12-31)
- Rest of world: 22,438 (000s) (2025-12-31)
- UK: 243,927 (000s) (2024-12-31)
- Europe: 4,935 (000s) (2024-12-31)
- Rest of world: 27,802 (000s) (2024-12-31)
Related parties (2)
- Briefcase.news Limited · associated entity of the Teneo group · services received; no trading balances at year-end · £999k
- Briefcase.news Limited · associated entity of the Teneo group · money advanced to it; balance due on demand, non-interest bearing and to be settled in cash · £2.1m
Borrowings (2)
- Loan notes held by Teneo Business Consulting Limited · from Thor FinCo LLC · $100m · SOFR plus a margin of 4.9% · repayable in July 2031
- Loan notes held by Teneo Financial Advisory Limited · from Thor FinCo LLC · $150m · SOFR plus a margin of 4.9% · repayable in May 2027; in April 2026 maturity extended to August 2032 on the same terms
Acquisitions (1)
- Clarity Partners P/S · 100% · 2025-12-29 · £2.8m of goodwill inclusive of transaction expenses; consideration settled in cash
Associates & joint ventures (1)
- Briefcase.news Limited · associate
Directors' report (3)
- Steven Sullivan
- Thomas O’Connor
- Oliver Childs
Share classes (1)
- 100,004 Ordinary shares of £1.00 each of £1.00
Principal risks (5)
- macroeconomic risks such as higher rates of inflation
- damage to the reputation of the group arising from the actions of an employee or client
- credit risk
- interest rate risk
- foreign exchange risk
Events after the year end (3)
- In January 2026, the Group incorporated a new wholly-owned subsidiary company in New Zealand, Teneo Financial Advisory New Zealand Limited. In February 2026, this company completed the acquisition of the business and assets of PwC New Zealand's Business Restructuring Services division.
- The total consideration of £9.4m comprised of cash paid by Teneo Financial Advisory Australia Pty Limited and shares issued by Teneo Global LLC.
- In April 2026, the maturity date on the $150m of loan notes from Thor Finco LLC to Teneo Financial Advisory Limited was extended from May 2027 to August 2032 on the same terms.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
1 outstanding chargesFloating · created 2025-07-31
—
OutstandingShow 2 satisfied / released
Fixed · created 2024-03-13 · satisfied 2025-08-06
—
SatisfiedAll Assets · created 2019-11-21 · satisfied 2025-07-07
—
Satisfied