PHILLIPS AUCTIONEERS LIMITED

• ⚠

  Material uncertainty over going concern

  The Group and Company therefore remain reliant on the continued support of the ultimate beneficial owners, related companies owned by the ultimate beneficial owners, and the ultimate parent company. ... Given that this support cannot be guaranteed, the director considers that this represents a material uncertainty which, should this support be withdrawn, may cast significant doubt over the Group and Company's ability to continue as a going concern.

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

  -0.8%

  £33,456,000 → £33,177,000

• Cash

  -3.9%

  £9,236,000 → £8,875,000

• Net assets

  -32.9%

  -£132,520,000 → -£176,109,000

  lowest in 4 filed years

• Employees

  -8.4%

  202 → 185

• Operating profit

  -86.4%

  -£24,472,000 → -£45,619,000

  lowest in 4 filed years

• Profit before tax

  -83.1%

  -£25,406,000 → -£46,511,000

  lowest in 4 filed years

• Wages

  -15.5%

  £21,079,000 → £17,821,000

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. PHILLIPS AUCTIONEERS LIMITED 2013-01-09 → present
2. PHILLIPS, DE PURY & COMPANY LIMITED 2004-05-04 → 2013-01-09
3. PHILLIPS, DE PURY & LUXEMBOURG LIMITED 2001-11-01 → 2004-05-04
4. PDEPL LIMITED 2001-06-04 → 2001-11-01

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Buzzacott Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Group and Company therefore remain reliant on the continued support of the ultimate beneficial owners, related companies owned by the ultimate beneficial owners, and the ultimate parent company. ... Given that this support cannot be guaranteed, the director considers that this represents a material uncertainty which, should this support be withdrawn, may cast significant doubt over the Group and Company's ability to continue as a going concern.”

Group structure

1. PHILLIPS AUCTIONEERS LIMITED · parent
   1. Phillips Auctioneers SARL 100% · France

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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