The Multibag Jogsaw27 Oct 2025 21:48
Its last placing was at 0.9p, but the shares have traded significantly below that level. Despite this, the company appears to be well-funded, with a strong cash position.
In April, FPP appointed David Brown, a fintech specialist with a strong reputation in the financial services sector. Brown also owns a private company called Financial Freedom, which, according to Companies House, recently increased its share capital.
More recently, FPP filed an SH02 confirming a share subdivision that expanded its issued share capital to 45,425,000 shares with a nominal value of just £100 in total. This kind of extreme subdivision isn’t typical of a simple fundraising exercise; rather, it usually serves a structural purpose, such as preparing for a reverse takeover (RTO). In an RTO, a private company is effectively brought to market by being acquired by a listed shell — in this case, potentially Financial Freedom.
Around the same time, FPP also released a TR-1 notification showing a new significant shareholder, Tom Orange, who is known to engage with Financial Freedom content on LinkedIn, often interacting with posts by David Brown. This suggests that he may be a Financial Freedom shareholder or associate.
Taken together — Brown’s appointment, the Financial Freedom capital movements, the FPP share subdivision, and the TR-1 connection — the evidence points strongly toward a scenario where FPP could be used by Financial Freedom as an RTO vehicle to list on the LSE.
Finally, Financial Freedom amended their articles specifically to enable a swift RTO.
While nothing has been confirmed, and the specific terms or timing of any potential transaction remain unknown, the sequence of corporate actions makes such an outcome highly plausible.
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