PIXEL ARTWORKS LTD

• ⚠

  Annual accounts overdue

  Due 2026-01-29.

• ⚠

  Confirmation statement overdue

  Due 2026-05-06.

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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%

  £12,966,042 → £12,185,608

• Cash

  -24.4%

  £3,094,700 → £2,338,976

• Net assets

  +2.6%

  £4,220,318 → £4,330,283

  highest in 6 filed years

• Employees

  +6.3%

  63 → 67

  highest in 6 filed years

• Operating profit

  -65.1%

  £490,130 → £171,270

• Profit before tax

  -75.6%

  £470,923 → £114,940

• Wages

  +109.2%

  £2,103,996 → £4,401,282

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. PIXEL ARTWORKS LTD 2024-07-18 → present
2. PROJECTION ARTWORKS LTD 2014-01-16 → 2024-07-18
3. PROJECTION ADVERTISING LTD 2005-04-22 → 2014-01-16

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Ballards LLP

Audit opinion

Qualified

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.”

Group structure

1. PIXEL ARTWORKS LTD · parent
   1. Pixel Artworks Design & Artwork Services LLC 100% · UAE

Significant events

• “Post year end the company was brought out and now form as an important branch in a larger group.”
• “On 21 May 2024, Further Creative Limited acquired the group, and Pixel Artworks Ltd issued 500 ordinary shares with a nominal value of £0.01 for a consideration price of £58.24 and 420 ordinary shares with a nominal value of £0.01 for a consideration price of £53.50.”
• “On 17 June 2024, Further Creative Midco Limited, the parent of Further Creative Limited entered into a loan facility with Shawbrook Bank for a total of £16.25 million. In doing so, the group entered into a Deed of Accession and fixed and floating charges were placed over the assets of the group.”
• “Subsequent to the acquisition, as disclosed in note 28, Further Creative Limited became the immediate parent company, incorporated in England and Wales, and WPEF IX Holding Coöperatief W.A. became the ultimate parent company and controlling party, incorporated in the Netherlands.”

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

1

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.