PEARL & DEAN CINEMAS LIMITED

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  Negative shareholders' funds

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. PEARL & DEAN CINEMAS LIMITED 1993-06-28 → present
2. PEARL & DEAN LIMITED 1987-03-19 → 1993-06-28
3. PEARL & DEAN GROUP LIMITED(THE) 1958-10-31 → 1987-03-19

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Moore Kingston Smith LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Reflecting on the above the board, with the support of all of our key stakeholders, believe the company to be a going concern for at least twelve months from the date of this report. Therefore, these financial statements have been prepared on a going concern basis. The financial statements do not include any adjustments that would result if the company were unable to continue as a going concern.”

Significant events

• “In June 2019, the entire share capital of Willowbrook Investments Limited ("Willowbrook"), the company's parent, was acquired by Deanforbes Investment Limited ("Deanforbes") as part of the wider group's restructuring and refinancing program. Deanforbes received a three year senior debt facility on 11 July 2019 from McLarty Capital Partners UK LLP and Westbrooke Alternative Asset Management UK Limited, the proceeds from which were then used to repay existing loans of the company and improve general working capital of the company's operations. This debt facility initially fell due for renewal in July 2022 and, due to the impact of Covid, was extended and potentially for a further two years. The debt facility was refinanced in full in September 2024 via Beachpoint Capital.”
• “During the year the company wrote off historic loan balances held with other group companies at Step Investments level. The group performed an exercise to review which intercompany balances were no longer deemed recoverable or would not be recalled. This has resulted in a net cost to the company of £266,870 (2023: £2,163,921) which is deemed an exceptional item skewing this years profitability.”
• “The company also incurred £626,577 (2023: £nil) of recharged legal and professional fees from the group parent company relating to a refinancing event which took place during the year. This has been recognised within administration costs.”
• “In October 2024, the company secured a debenture with BPC Ireland Lending II DAC which has a fixed and floating charge over the undertaking including all property and assets.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.