LIBERTY GLOBAL EUROPE LIMITED

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

• Turnover

  +6.7%

  £106,942,000 → £114,139,000

• Cash

  —

  Not reported

• Net assets

  -23.1%

  £55,695,000 → £42,832,000

• Employees

  +11%

  336 → 373

• Operating profit

  -653.1%

  £2,758,000 → -£15,255,000

• Profit before tax

  -1,235.5%

  £1,452,000 → -£16,487,000

• Wages

  +9.4%

  £31,787,000 → £34,767,000

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

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. LIBERTY GLOBAL EUROPE LIMITED 2005-06-27 → present
2. UGC EUROPE SERVICES LIMITED 2004-12-29 → 2005-06-27
3. UPC SERVICES LTD 1997-08-14 → 2004-12-29

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Notwithstanding net current liabilities due within one year of £5,476,000 as at 31 December 2024 (2023 - net current assets due within one year of £57,779,000) and a loss for the year then ended of £16,487,000 (2023 - profit of £1,452,000), these financial statements have been approved on the assumption that the company will continue to be a going concern. The going concern assessment of Liberty Global Europe Limited is performed as that of a subsidiary of Liberty Global. It is Liberty Global's practice for operational and financial management to be undertaken at a group level rather than for individual entities that are wholly owned by the group. As part of normal business practice, regular cash flow forecasts for both short and long term commitments are undertaken at group level, therefore the company meets its day to day working capital requirements from operational cashflows, intercompany loan and trading balances with the group headed by Liberty Global. Forecasts and projections prepared for Liberty Global as a whole group, indicate that cash on hand, together with cash from operations and undrawn revolving credit facilities, are expected to be sufficient for the group's and hence the company's cash requirements through to at least twelve months from the approval of these financial statements. Whilst the detailed cash flow forecasts are prepared at the group level, the directors have also assessed the position of the company, including the recoverability of the intercompany loan. This assessment indicates that, taking account of severe but plausible downsides, the company will have sufficient funds, through funding from its fellow subsidiary company, Liberty Global Europe 2 Limited, to meet its liabilities as they fall due for that period. Liberty Global Europe 2 Limited has indicated its intention to continue to make available such funds as are needed by the company, and that it does not intend to seek repayment of the amounts currently due to the company, if any, during the going concern assessment period. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so. Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least twelve months from the date of approval of the financial statements and have prepared the financial statements on a going concern basis.”

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

Filings

5

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.