PING EUROPE LIMITED
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Cash
£22m
+177.7% highest in 3 filed years
Net assets
£36m
+29.1% highest in 3 filed years
Employees
318
+4.3% highest in 3 filed years
Profit before tax
£10m
+160.5% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £107,580,627 | £97,039,957 | £113,420,711 | +16.9% | |
| Operating profit | £9,262,805 | £3,994,480 | £10,242,519 | +156.4% | |
| Profit before tax | £9,316,399 | £4,023,085 | £10,481,799 | +160.5% | |
| Net profit | £7,178,426 | £2,664,069 | £7,984,865 | +199.7% | |
| Cash | £10,730,449 | £7,949,755 | £22,074,097 | +177.7% | |
| Total assets less current liabilities | £30,256,204 | £28,381,739 | £36,483,224 | +28.5% | |
| Net assets | £29,583,935 | £27,653,185 | £35,703,622 | +29.1% | |
| Equity | £29,583,935 | £27,653,185 | £35,703,622 | +29.1% | |
| Average employees | 295 | 305 | 318 | +4.3% | |
| Wages | £12,920,426 | £13,181,085 | £15,048,467 | +14.2% | |
| Directors' remuneration | £1,006,820 | £789,261 | £1,363,952 | +72.8% | |
| Directors' pension contributions | £21,408 | £17,015 | £29,858 | +75.5% | |
| Highest paid director | £501,048 | £316,581 | £492,966 | +55.7% |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 8.6% | 4.1% | 9.0% | |
| Net margin | 6.7% | 2.7% | 7.0% | |
| Return on capital employed | 30.6% | 14.1% | 28.1% | |
| Gearing (liabilities / total assets) | 41.2% | 26.9% | 39.9% | |
| Current ratio | 2.08x | 2.03x | 2.23x |
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.
Name history
Renamed 1 time since incorporation
- PING EUROPE LIMITED 1999-07-29 → present
- KARSTEN (U.K.) LIMITED 1973-08-16 → 1999-07-29
Audit & accounting basis
- Accounting basis
- United Kingdom Generally Accepted Accounting Practice
- Reporting scope
- Consolidated group
- Auditor
- Harold Sharp Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the current trading and future expectations the directors consider that the Group has sufficient working capital to enable it to continue to trade and meet its liabilities as they fall due for a period of at least twelve months from the date of approval of the financial statements.”
Group structure
- PING EUROPE LIMITED · parent
- Ping Scandinavia AB 100%
Significant events
- “There was an ownership change during the year, and Ping Europe Limited became a fully owned subsidiary of Ping Inc. This further strengthens the connection between the Ping Group of global companies.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SMITH, Ian Hamilton | Secretary | 2015-07-01 | — | — |
| CLARK, John James | Director | 1999-03-12 | Apr 1956 | British |
| LOVATT, Lisa | Director | 2021-04-14 | Nov 1968 | British |
| SOLHEIM, Allan Dale | Director | — | Mar 1940 | American |
| SOLHEIM, John Karsten | Director | 2026-03-01 | Feb 1974 | American |
| SOLHEIM, John Andrew | Director | — | Dec 1945 | American |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANDREW, Marisa Helen | Secretary | 2000-03-14 | 2001-03-30 |
| BURTON, Anthony Stanley | Secretary | 2009-06-05 | 2015-01-09 |
| CLARK, John James | Secretary | 2008-02-01 | 2009-06-05 |
| CLARK, John James | Secretary | 2001-06-21 | 2003-07-14 |
| CLARK, John James | Secretary | 2001-03-30 | 2001-06-19 |
| FREEMAN, Jean Patricia | Secretary | — | 1994-07-29 |
| HUNT, Glynn Frederick | Secretary | 1994-07-29 | 2000-03-14 |
| LAW, Linda Louise | Secretary | 2003-07-14 | 2008-02-01 |
| PRINCE, Kay Louise | Secretary | 2001-06-19 | 2001-06-21 |
| FREEMAN, Jean Patricia | Director | — | 1997-01-01 |
| FREEMAN, Roy | Director | — | 1997-01-01 |
| SOLHEIM, Karsten | Director | — | 2000-02-16 |
| SOLHEIM, Karsten Louis | Director | — | 2019-04-01 |
| SOLHEIM, Nellie Louise | Director | — | 2017-07-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ping Inc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-08-12 | Active |
| Karsten Manufacturing Corporation. | Corporate entity | Shares 75–100% | 2025-06-30 | Ceased 2025-08-12 |
| Mr John Andrew Solheim | Individual | Shares 25–50% | 2016-04-06 | Ceased 2025-06-30 |
| Mr Allan Dale Solheim | Individual | Shares 25–50% | 2016-04-06 | Ceased 2025-06-30 |
| Mrs Nellie Louise Solheim | Individual | Shares 25–50% (as trust) | 2016-04-06 | Ceased 2017-07-08 |
Filing timeline
Last 20 of 147 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-08 | AA | accounts | Accounts with accounts type group | |
| 2026-03-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-15 | AA | accounts | Accounts with accounts type group | |
| 2025-08-21 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-08-21 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-07-18 | RP04PSC07 | persons-with-significant-control | Second filing cessation of a person with significant control | |
| 2025-07-18 | RP04PSC07 | persons-with-significant-control | Second filing cessation of a person with significant control | |
| 2025-07-18 | RP04PSC02 | persons-with-significant-control | Second filing notification of a person with significant control | |
| 2025-07-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-14 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-07-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-07-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-09-12 | AA | accounts | Accounts with accounts type group | |
| 2024-07-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-04 | AA | accounts | Accounts with accounts type group | |
| 2023-08-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-09 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.