COMINO MEDIA 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

  -32.8%

  £126,149,795 → £84,764,484

• Cash

  -82.1%

  £14,224,022 → £2,550,016

• Net assets

  -405%

  -£13,453,238 → -£67,945,179

• Employees

  -39.6%

  2,543 → 1,536

• Operating profit

  -60.7%

  -£19,863,218 → -£31,927,925

• Profit before tax

  -116.7%

  -£28,615,870 → -£62,021,705

• Wages

  -25.9%

  £100,774,492 → £74,701,203

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Saffery LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements report a net liabilities position of £(67,945,179) (2024: £(13,453,238)). In considering the Going Concern assumption, the directors have reached their conclusion based on future trading forecasts... The directors are confident that the assumptions underlying these forecasts are reasonable and that the company will be able to operate on this basis. ... Accordingly, the Directors remain confident in the Group's ability to continue as a going concern and the financial statements have therefore been prepared on that basis.”

Group structure

1. COMINO MEDIA LIMITED · parent
   1. Cinesite VFX Limited 100% · UK · Visual effects, animation and immersive
   2. Cinesite Incorporated 100% · Canada · Visual effects and Feature Animation
   3. Image Engine Design Inc. 100% · UK · Visual effects and animation
   4. Cinesite Vancouver Inc. 100% · Canada · Feature Animation
   5. Trixter GmbH 100% · Germany · Visual effects and animation
   6. Cinesite LA Inc. 100% · US · Visual effects and animation
   7. Assemblage Entertainment Pvt Ltd 56% · India · Feature Animation
   8. L'Atelier Animation Inc. 100% · Canada · Feature Animation
   9. Squeeze Studio Animation Inc. 60% · Canada · Feature Animation
   10. Moov Animation Inc. 60% · Canada · Motion Capture
   11. FX3X Cinesite DDO Skopje 60% · North Macedonia · Visual effects and animation
   12. FX3X Ltd Belgrade 60% · Serbia · Visual effects and animation
   13. Creative Capture Studios 60% · UK · Immersive
   14. Imaginarium Studios LLC 60% · US · Immersive
   15. Cinesite VIZ Ltd 100% · UK · Visual effect and animation

Significant events

• “As a material non-adjusting subsequent event occurring after the balance sheet date, the Board is pleased to confirm that a comprehensive financial restructuring has been successfully agreed upon with our key lenders and shareholders. This recapitalisation involves a refinancing of £154m including securing £33m new funding facilities from lenders and shareholders, refinancing £44m of lender debt and an improvement of £77m in shareholders' funds.”

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

Filings

14

last 12 months

Capital events

1

last 24 months

Officers appointed

4

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.