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XP Factory

XPF.L
29
Leisure · Consumer Cyclical
Price
18.25 GBp
+0.00 (+0.00%)
Market Cap
32.1M GBp
Exchange
London Stock Exchange
Winston Score
29
Winston is worried
Below-average fundamentals — multiple weak pillars.
Data as of Sep 15, 2026 · filings through Mar 31, 2026

§How the score breaks down

Quality
Mixed
Growth
Mixed
Cash Flow
Weak
Stability
Weak
Valuation
Data not available

Share count rising — dilution

+86.6% over 5y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 93.8M (2021) → 175.2M (2026)

§Winston Score History

The full picture

XP Factory Plc specializes in delivering immersive, live entertainment experiences, particularly known for its escape-the-room adventures, which it operates both within the United Kingdom and across international markets. These experiences are primarily offered under the Escape Hunt brand, managed through a diverse network comprising franchised outlets, licensed operations, and directly managed branches. The company also extends its reach with offsite versions of these popular puzzle-solving games. In addition to its escape room portfolio, XP Factory Plc manages a separate chain of 'socializing cocktail bar' venues known as Boom Battle Bar. These establishments, also operated through a blend of company-owned and franchised models, focus on offering engaging social experiences alongside beverages. Further diversifying its operations, the firm is involved in game design and the licensing of its intellectual property. The company, established in 2016 and headquartered in Crawley, UK, underwent a name change from Escape Hunt plc to XP Factory Plc in December 2021.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-7.6% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-386.8% YoY

YoY Growth Rate

Earnings declining

R&D Spend

£0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Cash Position

Cash flow positive

£3M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

XP Factory's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Profit per sale
Gross Margin
49.2%
Healthy — 49.2% gross margin
Profit after running costs
Operating Margin
3.8%
Thin — 3.8% operating margin
Return on the money invested
ROCE
2.4%
Weak — 2.4% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth
Sales YoY
+1.4%
Nearly flat sales (+1.4% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
7.1%
Modest free cash flow (7.1%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
2.23
Heavy debt load (2.23)
Covers its interest
Interest Cover
0.39x
Dangerous — barely covers interest (0.4x)

Interest coverage below 1. Their profits don't cover the interest bill.

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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