PUNCH PARTNERSHIPS (PML) LIMITED
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Next accounts due
2027-05-11 (in 1y)
Last filed for 2025-08-10
Confirmation statement due
2027-03-07 (in 10mo)
Last made up 2026-02-21
Watchouts
None on the register
Cash
£785K
-33.8% vs 2024
Net assets
£299M
+34.1% vs 2024
Employees
0
Average over period
Profit before tax
£8M
-31.3% vs 2024
Net assets
2-year trend · vs Consumer Staples median
Accounts
2-year trend · latest reflected 2025-08-10
| Metric | Trend | 2024-08-11 | 2025-08-10 |
|---|---|---|---|
| Turnover | £181,299,000 | £189,799,000 | |
| Operating profit | £54,070,000 | £55,506,000 | |
| Profit before tax | £12,358,000 | £8,488,000 | |
| Net profit | £6,749,000 | £4,145,000 | |
| Cash | £1,186,000 | £785,000 | |
| Total assets less current liabilities | £835,921,000 | £948,755,000 | |
| Net assets | £222,848,000 | £298,864,000 | |
| Equity | £222,848,000 | £298,864,000 | |
| Average employees | 0 | 0 | |
| Wages | £0 | £0 | |
| Directors' remuneration | £960,000 | £991,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-08-10 vs 2024-08-11
-
Turnover
+4.7%
£181,299,000 £189,799,000
-
Cash
-33.8%
£1,186,000 £785,000
-
Net assets
+34.1%
£222,848,000 £298,864,000
-
Employees
—
Not reported
-
Operating profit
+2.7%
£54,070,000 £55,506,000
-
Profit before tax
-31.3%
£12,358,000 £8,488,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-08-11 | 2025-08-10 |
|---|---|---|---|
| Operating margin | 29.8% | 29.2% | |
| Net margin | 3.7% | 2.2% | |
| Return on capital employed | 6.5% | 5.9% | |
| Gearing (liabilities / total assets) | 75.5% | 70.2% | |
| Current ratio | 0.20x | 0.33x | |
| Interest cover | 1.29x | 1.16x |
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 4 times since incorporation
- PUNCH PARTNERSHIPS (PML) LIMITED 2009-05-27 → present
- PUNCH TAVERNS (PML) LIMITED 2004-09-02 → 2009-05-27
- PUBMASTER LIMITED 1997-05-30 → 2004-09-02
- PUBMASTER (TRADING) LIMITED 1997-02-21 → 1997-05-30
- PUBMASTER OPERATING LIMITED 1997-02-14 → 1997-02-21
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors are satisfied that they have a reasonable expectation that the company has sufficient resources together with the ability to access additional liquidity when the company needs to withstand adjustments to the base forecast, as well as the downside scenarios and to continue in operational existence for a period of at least 12 months from the date of approval of these financial statements, and therefore continue to adopt the going concern in their preparation.”
Group structure
- PUNCH PARTNERSHIPS (PML) LIMITED · parent
- Punch Partnerships (Seagull) Limited 100%
- Punch Taverns (Acquisitions) Limited 100%
Significant events
- “During the year the existing loan of £577,251,000 due to Punch Pubs Holdings Limited was repaid in full. On 05 June 2025 a new loan of £615,000,000 was issued from Punch Pubs Holdings Limited. The loan is due 30 December 2030. Interest is charged at 7.875% and is payable bi-annually in arrears.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 40 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BASHFORTH, Edward Michael | Director | 2010-06-18 | Oct 1973 | British |
| DANDO, Stephen Peter | Director | 2011-01-31 | Jan 1972 | British |
Show 40 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| APPLEBY, Francesca | Secretary | 2014-10-07 | 2022-08-22 |
| CROSS, Anthony | Secretary | 1997-02-21 | 2003-04-30 |
| DEEGAN, Jayne | Secretary | 2003-05-01 | 2004-01-07 |
| HARRIS, Claire Louise | Secretary | 2013-02-01 | 2014-10-07 |
| MILLER, Nicola Jane | Secretary | 2004-01-07 | 2004-03-23 |
| RUDD, Susan Clare | Secretary | 2004-03-23 | 2006-11-30 |
| STEWART, Claire Susan | Secretary | 2006-11-30 | 2011-07-06 |
| TYRRELL, Helen | Secretary | 2011-07-06 | 2013-02-01 |
| CLIFFORD CHANCE SECRETARIES LIMITED | Corporate Secretary | 1997-02-14 | 1997-02-21 |
| ALLEN, Stephen James | Director | 2019-01-18 | 2021-12-16 |
| ARMSTRONG, Michael John | Director | 1997-08-07 | 2002-08-31 |
| ASHTON, Kay Elizabeth | Director | 1999-06-26 | 2000-12-08 |
| ASHTON, Kay Elizabeth | Director | 1997-02-14 | 1997-05-29 |
| BRACKENBURY, Frederick Edwin John Gedge | Director | 1999-06-26 | 2000-12-08 |
| CRITCHLOW, Christopher Hugh | Director | 1997-02-21 | 1997-08-31 |
| CROSS, Anthony | Director | 2001-12-01 | 2003-04-30 |
| DUTTON, Philip | Director | 2007-10-17 | 2011-01-31 |
| DYSON, Ian | Director | 2010-09-06 | 2011-07-04 |
| GALLYOT, Stuart Jules | Director | 2014-10-07 | 2019-01-18 |
| GIBBONS, Alastair Ronald | Director | 1999-06-26 | 2000-12-08 |
| GUNDRY, Richard | Director | 2001-12-01 | 2003-12-01 |
| GWILLIAM, Vincent Mitchell Lovell | Director | 1999-06-26 | 2000-12-08 |
| GWILLIAM, Vincent Mitchell Lovell | Director | 1997-02-14 | 1997-05-29 |
| HATTON, David Sean Michael | Director | 1997-08-07 | 1999-12-31 |
| KEMP, Deborah Jane | Director | 2003-12-01 | 2008-10-21 |
| LEWIS, John Henry James, Sir | Director | 1999-06-26 | 2000-12-08 |
| MCDONALD, Robert James | Director | 2003-12-01 | 2007-10-17 |
| MERRITT, Dean Edward John | Director | 2014-04-16 | 2014-10-08 |
| PATTON, Francis Andrew | Director | 2003-12-01 | 2007-11-30 |
| PRESTON, Neil David | Director | 2003-12-01 | 2010-06-18 |
| SAMMONS, Nigel Anthony | Director | 1998-08-03 | 2003-12-01 |
| SANDS, John Robert | Director | 1997-02-21 | 2003-12-01 |
| SHIPTON, Sara Kay | Director | 2008-07-01 | 2009-04-15 |
| THOMPSON, Andrew George | Director | 2003-12-01 | 2007-11-30 |
| THORLEY, Giles Alexander | Director | 2003-12-01 | 2010-09-06 |
| TURNBULL, Ronald | Director | 1999-05-26 | 2003-12-01 |
| VAUGHAN, Alfred Joseph | Director | 1998-08-03 | 1999-02-28 |
| WALKER, William John | Director | 2003-12-01 | 2006-09-29 |
| WHITESIDE, Roger Mark | Director | 2008-11-03 | 2013-02-01 |
| WOMACK, Martin | Director | 2002-07-15 | 2003-07-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Punch Taverns (Pmg) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-07-01 | Ceased 2021-07-01 |
| Punch Taverns Intermediate Holdco (B) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-07-01 | Ceased 2021-07-01 |
| Punch Taverns Holdco (B) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-07-01 | Ceased 2021-07-01 |
| Punch Pubs Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-07-01 | Active |
| Punch Taverns (Pmh) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2021-07-01 |
Filing timeline
Last 20 of 541 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-30 | AA | accounts | Accounts with accounts type full | |
| 2025-12-04 | CH01 | officers | Change person director company with change date | |
| 2025-06-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-02 | MR05 | mortgage | Mortgage charge part release with charge number | |
| 2025-02-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-13 | AA | accounts | Accounts with accounts type full | |
| 2024-02-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-11 | AA | accounts | Accounts with accounts type full | |
| 2023-08-10 | SH01 | capital | Capital allotment shares | |
| 2023-02-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-06 | AA | accounts | Accounts with accounts type full | |
| 2022-08-22 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-02-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-01-10 | AA | accounts | Accounts with accounts type full | |
| 2021-12-16 | TM01 | officers | Termination director company with name termination date | |
| 2021-07-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-07-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-07-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-07-15 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- 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.