Selkirk Group plc
Selkirk Group PLC is an AIM-quoted investing company (cash shell), incorporated 24 September 2024 and admitted to trading on AIM on 7 November 2024, raising net proceeds of approximately £7.1 million. Its principal activity is to pursue an acquisition of a trading business or holding company via a Reverse Takeover (RTO), targeting the consumer, e-commerce, technology or digital media sectors with an initial UK focus. No acquisition had completed by the balance sheet date or by report sign-off.
FY2025 in sixty seconds
year to 31 Dec 2025 · approved 7 Apr 2026 · 44 pages · Companies House
Selkirk Group PLC is a cash shell: a stock-market company with no trading business, set up to buy one. The report's key figures show no revenue and no previous year to compare with, and a loss after tax of £439k. The loss includes one-off fees for assessing possible acquisitions, certain intellectual property costs and a £159,403 non-cash charge for a management incentive plan. One opportunity, buying the MyProtein brand from THG plc, did not go ahead.
Selkirk ended the year with £6.9m in cash and no borrowings. The report shows £7.3m raised by issuing new shares, and no dividend is recommended. Cash was £6.8m at 28 February 2026, with monthly running costs of about £25,000 largely covered by interest on deposits.
The board says talks are continuing with several possible targets. The main warning is a deadline: Selkirk must make an acquisition or renew shareholder approval of its investment policy by 7 May 2026, and failure is a stated principal risk. The auditors gave a clean opinion and found no material doubts about its ability to keep operating, while noting this depends on that renewal.
The Board has reviewed a broad pipeline of potential opportunities over the course of the Period. While several discussions have been constructive, the Company has remained disciplined in its approach and has not proceeded with a transaction that does not meet its strategic and valuation criteria.
page 4The Directors do not recommend any dividend for the period; the Company (cash shell with no trading operations) has not proposed a dividend.
page 10Note 22 states there were no events after the reporting date to report. (Note: the going concern note separately discloses, as a non-adjusting disclosure, that cash balances were £6.8 million at 28 February 2026.)
page 44One year on file · FY2025
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GBP millions, negatives in brackets. Per-share lines in pence. Share counts in millions. Margins and returns as percentages, calculated from the filed figures. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated.
Nothing restated
Nothing to compare yet: that takes a second report, which prints the first year's figures again.