PIAS HOLDING (UK) LIMITED
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Cash
£1k
0% vs 2024
Net assets
-£5.7m
+11.2% highest in 3 filed years
Employees
21
-52.3% lowest in 3 filed years
Profit before tax
£716k
+21.6% 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.
-
Negative shareholders' funds
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 | £7,395,000 | £8,061,000 | £7,457,000 | -7.5% | |
| Operating profit | £770,000 | £875,000 | £1,028,000 | +17.5% | |
| Profit before tax | £522,000 | £589,000 | £716,000 | +21.6% | |
| Net profit | £522,000 | £589,000 | £716,000 | +21.6% | |
| Cash | £1,000 | £1,000 | £1,000 | 0% | |
| Total assets less current liabilities | — | -£6,374,000 | -£5,658,000 | +11.2% | |
| Net assets | -£6,963,000 | -£6,374,000 | -£5,658,000 | +11.2% | |
| Equity | -£6,963,000 | -£6,374,000 | -£5,658,000 | +11.2% | |
| Average employees | 44 | 44 | 21 | -52.3% | |
| Wages | £2,403,000 | £2,833,000 | £2,355,000 | -16.9% | |
| Directors' remuneration | £193,000 | £188,000 | £594,000 | +216% | |
| Directors' pension contributions | £7,000 | £8,000 | £49,000 | +512.5% | |
| Highest paid director | £193,000 | £188,000 | £594,000 | +216% |
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 | 10.4% | 10.9% | 13.8% | |
| Net margin | 7.1% | 7.3% | 9.6% | |
| Gearing (liabilities / total assets) | 113.5% | 110.8% | 129.8% | |
| Current ratio | 0.84x | 0.87x | 0.68x | |
| Interest cover | 2.12x | 2.36x | 2.14x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- S&W Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On the basis of the above, the directors have produced formal cash flow forecasts for the UK group to the end of 2026 and considered the cash flows required during 2027... For these reasons, they continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- PIAS HOLDING (UK) LIMITED · parent
- Fat Cat Records Limited 100%
- PIAS Recordings UK Limited 100%
- PIAS UK Limited 100%
- PIAS/Wall of Sound Limited 100%
- Indie Mobile Limited 100%
- Harmonia Mundi (UK) Limited 100%
- Inertia Pty Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HARTLEY, Nicholas Bruce | Secretary | 2010-04-01 | — | — |
| GATES, Kenneth Bruno | Director | 1998-06-29 | Jan 1963 | British |
| HARTLEY, Nicholas Bruce | Director | 2000-09-06 | Nov 1960 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SAUSSUS, Philippe | Secretary | 2000-02-09 | 2010-04-01 |
| HAL MANAGEMENT LIMITED | Corporate Secretary | 1998-06-29 | 2000-02-09 |
| CHADWICK, Michael | Director | 1998-06-29 | 2000-02-01 |
| HENEGHAN, Michael | Director | 2000-09-06 | 2002-01-31 |
| LAMBOT, Michel Joseph | Director | 1998-06-29 | 2024-10-28 |
| SAUSSUS, Philippe | Director | 1998-06-29 | 2010-04-01 |
| HAL DIRECTORS LIMITED | Corporate Director | 1998-06-29 | 1998-06-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pias Group Srl | Corporate entity | Shares 75–100% | 2025-09-08 | Active |
| Universal Music Group N.V. | Corporate entity | Shares 75–100% | 2024-10-28 | Ceased 2025-09-08 |
| Mr Kenneth Bruno Gates | Individual | Shares 25–50% | 2021-06-16 | Ceased 2024-10-28 |
| Mr Michel Joseph Lambot | Individual | Shares 25–50% | 2021-06-16 | Ceased 2024-10-28 |
| Mr Kenneth Bruno Gates | Individual | Significant influence | 2016-04-06 | Ceased 2016-04-06 |
Filing timeline
Last 20 of 110 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-07 | AA | accounts | Accounts with accounts type full | |
| 2026-04-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-02-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-09 | AA | accounts | Accounts with accounts type full | |
| 2025-09-08 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-09-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-01-02 | AA | accounts | Accounts with accounts type full | |
| 2024-12-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-25 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-11-25 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-11-25 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-11-19 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-05 | AA | accounts | Accounts with accounts type full | |
| 2023-09-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-09-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-09-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-09-07 | CH01 | officers | Change person director company with change date | |
| 2023-02-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-01 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.