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  <title>Spark Intel: new Bright Sparks pages</title>
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  <description>New company profiles, VS comparisons, battles and deep dives from UK company accounts.</description>
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  <lastBuildDate>Tue, 20 Oct 2026 08:00:00 +0000</lastBuildDate>
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    <title>How does Thames Water make its money? Inside its 2025/26 accounts</title>
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    <pubDate>Tue, 20 Oct 2026 08:00:00 +0000</pubDate>
    <category>Deep dive</category>
    <description>Thames Water&#x27;s accounts to March 2026, explained: how Ofwat sets bills, a 37% rise in revenue to £3.76bn, £2.7bn of investment, £1.57bn of new debt from creditors, no dividends, and a going-concern warning tied to its recapitalisation.</description>
  </item>
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    <title>B&amp;M v Poundland: who keeps more of every £100?</title>
    <link>https://www.spark-intel.co.uk/vs/b-and-m-v-poundland-uk-accounts/</link>
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    <pubDate>Tue, 20 Oct 2026 08:00:00 +0000</pubDate>
    <category>VS</category>
    <description>B&amp;M leads on all five measures that matter most: turnover, pre-tax profit, profit margin, growth and net assets.</description>
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    <title>BT v TalkTalk: revenue, profit and who owns them</title>
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    <pubDate>Tue, 20 Oct 2026 08:00:00 +0000</pubDate>
    <category>VS</category>
    <description>BT leads on all five measures that matter most: turnover, pre-tax profit, profit margin, growth and net assets.</description>
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    <title>South West Water v Thames Water: who keeps more of every £100?</title>
    <link>https://www.spark-intel.co.uk/vs/south-west-water-v-thames-water-uk-accounts/</link>
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    <pubDate>Tue, 20 Oct 2026 08:00:00 +0000</pubDate>
    <category>VS</category>
    <description>Thames Water leads on three of the five measures that matter most: turnover, pre-tax profit, profit margin, growth and net assets.</description>
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    <title>Eddie Stobart: who owns it, who runs it and what the accounts show</title>
    <link>https://www.spark-intel.co.uk/companies/eddie-stobart/</link>
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    <pubDate>Tue, 20 Oct 2026 08:00:00 +0000</pubDate>
    <category>Company profile</category>
    <description>Eddie Stobart Limited&#x27;s person with significant control on the Companies House register is EDDIE STOBART GROUP LIMITED. In the year to December 2025 Eddie...</description>
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    <title>Gamma Communications: who owns it, who runs it and what the accounts show</title>
    <link>https://www.spark-intel.co.uk/companies/gamma-communications/</link>
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    <pubDate>Tue, 20 Oct 2026 08:00:00 +0000</pubDate>
    <category>Company profile</category>
    <description>Gamma Communications PLC is owned by its shareholders: as a listed company it has no single person with significant control on the register. In the year to...</description>
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    <title>Poundland: who owns it, who runs it and what the accounts show</title>
    <link>https://www.spark-intel.co.uk/companies/poundland/</link>
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    <pubDate>Tue, 20 Oct 2026 08:00:00 +0000</pubDate>
    <category>Company profile</category>
    <description>Poundland Limited&#x27;s person with significant control on the Companies House register is 1903 PEACH BIDCO LIMITED. In the year to September 2025 Poundland...</description>
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  <item>
    <title>How does Avanti West Coast make its money? Inside its 2024/25 accounts</title>
    <link>https://www.spark-intel.co.uk/bright-sparks/deep-dives/avanti-west-coast/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>Deep dive</category>
    <description>Avanti West Coast&#x27;s accounts to March 2025, explained: £1,090m of fares, a net £141m paid back to the Department for Transport, fees for running the trains, a 1.4% margin, £11.5m of dividends and a contract that could end in 2026.</description>
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    <title>How does bet365 make its money? Inside its 2024/25 accounts</title>
    <link>https://www.spark-intel.co.uk/bright-sparks/deep-dives/bet365/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>Deep dive</category>
    <description>bet365&#x27;s 2024/25 accounts, explained: how a bet becomes turnover, why profit nearly halved on £4bn of gross win, the £3.1bn cash pile and what the family takes out.</description>
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  <item>
    <title>How does Glastonbury make its money? Inside its 2024/25 accounts</title>
    <link>https://www.spark-intel.co.uk/bright-sparks/deep-dives/glastonbury/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>Deep dive</category>
    <description>Glastonbury Festival&#x27;s accounts to March 2025, explained: £75.2m of festival sales, an 8.4% margin, £1.4m of interest on ticket money, £2.7m to charity, £4.7m to related parties and the float for the 2026 fallow year.</description>
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    <title>How does Google DeepMind make its money? Inside its 2024 accounts</title>
    <link>https://www.spark-intel.co.uk/bright-sparks/deep-dives/google-deepmind/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>Deep dive</category>
    <description>Google DeepMind&#x27;s UK company&#x27;s 2024 accounts, explained: £1,325m of turnover, all from other Alphabet companies for research and development, a workforce employed elsewhere and £1,012m of recharged staff costs, a margin that lifted profit 54% as turnover fell, tax at 24.7% and almost no assets of its own.</description>
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    <title>How does Greggs make its money? Inside its 2025 accounts</title>
    <link>https://www.spark-intel.co.uk/bright-sparks/deep-dives/greggs/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>Deep dive</category>
    <description>Greggs&#x27; 2025 accounts, explained: where £100 of sales goes, what National Insurance cost, why it builds its own depots, and what franchises and delivery add.</description>
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    <title>How does McLaren make its money? Inside its championship-year accounts</title>
    <link>https://www.spark-intel.co.uk/bright-sparks/deep-dives/mclaren/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>Deep dive</category>
    <description>McLaren Racing&#x27;s 2024 accounts, explained: how sponsorship, prize money and bonuses follow the season, where £530m of turnover went, and who owns the team.</description>
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  <item>
    <title>How does The R&amp;A make its money? Inside its 2025 accounts</title>
    <link>https://www.spark-intel.co.uk/bright-sparks/deep-dives/the-r-and-a/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>Deep dive</category>
    <description>The R&amp;A&#x27;s championship company&#x27;s 2025 accounts, explained: £151.6m of turnover from The Open&#x27;s rights, a 0.9% operating margin, no employees and a £31.9m group charge, 64% tax, a £3.0m dividend and the cash pooled with the group.</description>
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  <item>
    <title>How does Tottenham Hotspur make its money? Inside its 2024/25 accounts</title>
    <link>https://www.spark-intel.co.uk/bright-sparks/deep-dives/tottenham/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>Deep dive</category>
    <description>Tottenham Hotspur&#x27;s 2024/25 accounts, explained: where £100 of income goes, what 17th place cost against the Europa League win, how transfer fees work, the stadium debt and ENIC&#x27;s warrant.</description>
  </item>
  <item>
    <title>How does Wimbledon make its money? Inside the All England Club&#x27;s 2024/25 accounts</title>
    <link>https://www.spark-intel.co.uk/bright-sparks/deep-dives/wimbledon/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>Deep dive</category>
    <description>The All England Club&#x27;s 2024/25 accounts, explained: £426.9m of turnover, the 90% of the surplus that goes to the LTA, how debentures pay for the grounds, staff, Wimbledon Park and who owns it.</description>
  </item>
  <item>
    <title>Aldi v Lidl: which is bigger on the accounts?</title>
    <link>https://www.spark-intel.co.uk/vs/aldi-v-lidl-uk-accounts/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>VS</category>
    <description>Aldi leads on four of the five measures that matter most: turnover, pre-tax profit, profit margin, growth and net assets.</description>
  </item>
  <item>
    <title>Autotrader v Rightmove: turnover, profit and staff compared</title>
    <link>https://www.spark-intel.co.uk/vs/autotrader-v-rightmove-uk-accounts/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>VS</category>
    <description>Autotrader leads on three of the five measures that matter most: turnover, pre-tax profit, profit margin, growth and net assets.</description>
  </item>
  <item>
    <title>B&amp;Q v The Range and Homebase: who keeps more of every £100?</title>
    <link>https://www.spark-intel.co.uk/vs/b-and-q-v-the-range-uk-accounts/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>VS</category>
    <description>B&amp;Q leads on four of the five measures that matter most: turnover, pre-tax profit, profit margin, growth and net assets.</description>
  </item>
  <item>
    <title>Barclays Bank v HSBC Bank: which is bigger on the accounts?</title>
    <link>https://www.spark-intel.co.uk/vs/barclays-bank-v-hsbc-bank-uk-accounts/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>VS</category>
    <description>Barclays Bank leads on all five measures that matter most: turnover, pre-tax profit, profit margin, growth and net assets.</description>
  </item>
  <item>
    <title>Bet365 v William Hill: which is bigger on the accounts?</title>
    <link>https://www.spark-intel.co.uk/vs/bet365-v-william-hill-uk-accounts/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>VS</category>
    <description>Bet365 leads on all five measures that matter most: turnover, pre-tax profit, profit margin, growth and net assets.</description>
  </item>
  <item>
    <title>Boots v Superdrug: turnover, profit and staff compared</title>
    <link>https://www.spark-intel.co.uk/vs/boots-v-superdrug-uk-accounts/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>VS</category>
    <description>Boots leads on three of the five measures that matter most: turnover, pre-tax profit, profit margin, growth and net assets.</description>
  </item>
  <item>
    <title>BT v Sky: which is bigger on the accounts?</title>
    <link>https://www.spark-intel.co.uk/vs/bt-v-sky-uk-accounts/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>VS</category>
    <description>BT leads on four of the five measures that matter most: turnover, pre-tax profit, profit margin, growth and net assets.</description>
  </item>
  <item>
    <title>Bulk v MyProtein: the numbers behind the rivalry</title>
    <link>https://www.spark-intel.co.uk/vs/bulk-v-myprotein-uk-accounts/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>VS</category>
    <description>Bulk leads on three of the five measures that matter most: turnover, pre-tax profit, profit margin, growth and net assets.</description>
  </item>
  <item>
    <title>Caprice Holdings v Zuma: revenue, profit and who owns them</title>
    <link>https://www.spark-intel.co.uk/vs/caprice-v-zuma-uk-accounts/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>VS</category>
    <description>Zuma leads on all five measures that matter most: turnover, pre-tax profit, profit margin, growth and net assets.</description>
  </item>
  <item>
    <title>Celtic v Rangers: revenue, profit and who owns them</title>
    <link>https://www.spark-intel.co.uk/vs/celtic-v-rangers-uk-accounts/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>VS</category>
    <description>Celtic leads on all five measures that matter most: turnover, pre-tax profit, profit margin, growth and net assets.</description>
  </item>
  <item>
    <title>Chester Zoo v Yorkshire Wildlife Park: turnover, profit and staff compared</title>
    <link>https://www.spark-intel.co.uk/vs/chester-zoo-v-yorkshire-wildlife-park-uk-accounts/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>VS</category>
    <description>Chester Zoo leads on 3 of the five measures that matter most: turnover, pre-tax profit, profit margin, growth and net assets.</description>
  </item>
  <item>
    <title>Cineworld v Odeon: who keeps more of every £100?</title>
    <link>https://www.spark-intel.co.uk/vs/cineworld-v-odeon-uk-accounts/</link>
    <guid isPermaLink="true">https://www.spark-intel.co.uk/vs/cineworld-v-odeon-uk-accounts/</guid>
    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>VS</category>
    <description>Odeon leads on three of the five measures that matter most: turnover, pre-tax profit, profit margin, growth and net assets.</description>
  </item>
  <item>
    <title>Claridge&#x27;s v The Savoy: turnover, profit and staff compared</title>
    <link>https://www.spark-intel.co.uk/vs/claridges-v-the-savoy-uk-accounts/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>VS</category>
    <description>Claridge&#x27;s leads on all five measures that matter most: turnover, pre-tax profit, profit margin, growth and net assets.</description>
  </item>
  <item>
    <title>Costa v Starbucks: turnover, profit and staff compared</title>
    <link>https://www.spark-intel.co.uk/vs/costa-v-starbucks-uk-accounts/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>VS</category>
    <description>Costa leads on four of the five measures that matter most: turnover, pre-tax profit, profit margin, growth and net assets.</description>
  </item>
  <item>
    <title>Festival Republic v Glastonbury: turnover, profit and staff compared</title>
    <link>https://www.spark-intel.co.uk/vs/festival-republic-v-glastonbury-uk-accounts/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>VS</category>
    <description>Glastonbury leads on three of the five measures that matter most: turnover, pre-tax profit, profit margin, growth and net assets.</description>
  </item>
  <item>
    <title>Flight Club v Swingers: turnover, profit and staff compared</title>
    <link>https://www.spark-intel.co.uk/vs/flight-club-v-swingers-uk-accounts/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>VS</category>
    <description>Flight Club leads on four of the five measures that matter most: turnover, pre-tax profit, profit margin, growth and net assets.</description>
  </item>
  <item>
    <title>Greene King v Wetherspoons: revenue, profit and who owns them</title>
    <link>https://www.spark-intel.co.uk/vs/greene-king-v-wetherspoons-uk-accounts/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>VS</category>
    <description>Wetherspoons leads on three of the five measures that matter most: turnover, pre-tax profit, profit margin, growth and net assets.</description>
  </item>
  <item>
    <title>Greggs v Gail&#x27;s: who keeps more of every £100?</title>
    <link>https://www.spark-intel.co.uk/vs/greggs-v-gails-uk-accounts/</link>
    <guid isPermaLink="true">https://www.spark-intel.co.uk/vs/greggs-v-gails-uk-accounts/</guid>
    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>VS</category>
    <description>Greggs leads on three of the five measures that matter most: turnover, pre-tax profit, profit margin, growth and net assets.</description>
  </item>
  <item>
    <title>Grind v WatchHouse: which is bigger on the accounts?</title>
    <link>https://www.spark-intel.co.uk/vs/grind-v-watchhouse-uk-accounts/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>VS</category>
    <description>WatchHouse leads on three of the five measures that matter most: turnover, pre-tax profit, profit margin, growth and net assets.</description>
  </item>
  <item>
    <title>Heathrow v Gatwick: turnover, profit and staff compared</title>
    <link>https://www.spark-intel.co.uk/vs/heathrow-v-gatwick-uk-accounts/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>VS</category>
    <description>Heathrow leads on four of the five measures that matter most: turnover, pre-tax profit, profit margin, growth and net assets.</description>
  </item>
  <item>
    <title>Home Bargains v B&amp;M: which is bigger on the accounts?</title>
    <link>https://www.spark-intel.co.uk/vs/home-bargains-v-b-m-uk-accounts/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>VS</category>
    <description>Home Bargains leads on four of the five measures that matter most: turnover, pre-tax profit, profit margin, growth and net assets.</description>
  </item>
  <item>
    <title>Itsu v Wasabi: turnover, profit and staff compared</title>
    <link>https://www.spark-intel.co.uk/vs/itsu-v-wasabi-uk-accounts/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>VS</category>
    <description>Wasabi leads on three of the five measures that matter most: turnover, pre-tax profit, profit margin, growth and net assets.</description>
  </item>
  <item>
    <title>IVC Evidensia v CVS Group: which is bigger on the accounts?</title>
    <link>https://www.spark-intel.co.uk/vs/ivc-evidensia-v-cvs-group-uk-accounts/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>VS</category>
    <description>IVC Evidensia leads on three of the five measures that matter most: turnover, pre-tax profit, profit margin, growth and net assets.</description>
  </item>
  <item>
    <title>Jockey Club Racecourses v Arena Racing Company: revenue, profit and who owns them</title>
    <link>https://www.spark-intel.co.uk/vs/jockey-club-v-arena-racing-uk-accounts/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
    <category>VS</category>
    <description>Arena Racing Company leads on three of the five measures that matter most: turnover, pre-tax profit, profit margin, growth and net assets.</description>
  </item>
  <item>
    <title>Just Eat v Deliveroo: which is bigger on the accounts?</title>
    <link>https://www.spark-intel.co.uk/vs/just-eat-v-deliveroo-uk-accounts/</link>
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    <pubDate>Mon, 28 Sep 2026 08:00:00 +0000</pubDate>
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