PIRATE STUDIOS LIMITED
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Next accounts due
2026-03-18
Overdue
Confirmation statement due
2026-07-17 (in 2mo)
Last made up 2025-07-03
Watchouts
Cash
£137K
-70.1% lowest in 3 filed years
Net assets
-£49M
-36.6% lowest in 3 filed years
Employees
126
+8.6% highest in 3 filed years
Profit before tax
-£14M
-12% vs 2022
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2026-03-18.
Net assets
5-year trend · vs Consumer Discretionary median
Accounts
5-year trend · latest reflected 2023-12-31
| Metric | Trend | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £10,292,517 | £12,875,712 | |
| Operating profit | — | — | — | -£8,765,289 | -£9,051,150 | |
| Profit before tax | — | — | — | -£12,276,697 | -£13,746,775 | |
| Net profit | — | -£12,813,760 | — | -£12,242,687 | -£13,750,164 | |
| Cash | — | £242,974 | — | £458,649 | £136,967 | |
| Total assets less current liabilities | — | £26,432,086 | — | £14,422,852 | -£47,000,252 | |
| Net assets | — | — | — | -£36,106,110 | -£49,317,588 | |
| Equity | £196,321 | -£12,607,328 | -£12,607,328 | -£36,106,110 | -£49,317,588 | |
| Average employees | — | 0 | — | 116 | 126 | |
| Wages | — | — | — | £3,259,824 | £3,029,577 | |
| Directors' remuneration | — | — | — | £236,834 | £220,000 |
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
Year-on-year
FY2022 → FY2023 · period ending 2023-12-31 vs 2022-12-31
-
Turnover
+25.1%
£10,292,517 £12,875,712
-
Cash
-70.1%
£458,649 £136,967
lowest in 3 filed years
-
Net assets
-36.6%
-£36,106,110 -£49,317,588
-
Employees
+8.6%
116 126
highest in 3 filed years
-
Operating profit
-3.3%
-£8,765,289 -£9,051,150
-
Profit before tax
-12%
-£12,276,697 -£13,746,775
-
Wages
-7.1%
£3,259,824 £3,029,577
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | -85.2% | -70.3% | |
| Net margin | — | — | — | -118.9% | -106.8% | |
| Return on capital employed | — | — | — | -60.8% | 19.3% | |
| Current ratio | — | — | — | 0.30x | 0.03x | |
| Interest cover | — | — | — | -2.50x | -1.93x |
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
- Consolidated group
- Auditor
- Bishop Fleming LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors do confirm that with the funding already received and the support of key investors the group is considered a going conc liabilities in the normal course of business.”
Group structure
- PIRATE STUDIOS LIMITED · parent
- Pirate Studios LLC 100%
- Pirate Studios GmbH 100%
Significant events
- “Since the end of 2023, the group has raised $8m in additional capital as well as negotiating rolling extensions to all non-convertible debt c”
- “The current fundraising round is for an initial investment of $20m (of which $12.9m has been received to date in the form of promissory no months to fund growth. The lead investor also has the option to invest a further $20m. This initial funding is now expected to close by process.”
- “Since the end of 2023 the group has raised $5.4m in additional capital as well as negotiating rolling extensions to all non-converti complete.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ANDREWS, Simon Charles, Brockman | Director | 2023-10-19 | Nov 1973 | British |
| BORRIE, David Andrew | Director | 2015-07-03 | Apr 1984 | English |
| KWAN, Shu Wang | Director | 2023-10-19 | Aug 1975 | Chinese |
| KYLE, Roland | Director | 2023-10-19 | Feb 1974 | Irish |
| SOLBERG, Eric | Director | 2023-10-19 | Dec 1967 | American |
| TECK, Herbin Koh Puay | Director | 2019-05-17 | Mar 1992 | Singaporean |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WATSON-GLASS, Jessica | Secretary | 2026-03-19 | 2026-03-30 |
| DE JESUS, Matthew Laurence Jardim | Director | 2019-05-17 | 2023-10-19 |
| FOCA, Vasile | Director | 2015-07-29 | 2019-05-17 |
| HAMMERTON, Michael | Director | 2015-07-15 | 2023-10-19 |
| MAAR, Matus | Director | 2015-07-29 | 2023-10-19 |
| WILLIAMS, Thomas Spencer | Director | 2015-07-29 | 2017-02-22 |
| WYATT, David | Director | 2015-07-15 | 2016-10-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Goodwin Gaw | Individual | Significant influence | 2024-06-03 | Active |
| Mr Kenneth Gaw | Individual | Significant influence | 2024-06-03 | Active |
| Mr David Andrew Borrie | Individual | Shares 50–75% | 2016-04-06 | Ceased 2017-03-02 |
Filing timeline
Last 20 of 137 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-06-27 RESOLUTIONS Resolution
- 2024-06-17 MA Memorandum articles
- 2024-06-17 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-30 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-03-19 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-03-12 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-12-18 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-08-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type group | |
| 2024-07-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-10 | SH01 | capital | Capital allotment shares | |
| 2024-06-27 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-24 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-06-24 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-06-22 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2024-06-21 | SH10 | capital | Capital variation of rights attached to shares | |
| 2024-06-20 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2024-06-17 | MA | incorporation | Memorandum articles | |
| 2024-06-17 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-17 | SH08 | capital | Capital name of class of shares | |
| 2024-06-11 | SH01 | capital | Capital allotment shares | |
| 2024-02-15 | SH01 | capital | Capital allotment shares | |
| 2024-02-08 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 5
- Officers appointed
- 0
- Officers resigned
- 1
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.