PASSION HOLDINGS LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-10-23 (in 5mo)
Last made up 2025-10-09
Watchouts
None on the register
Cash
£3M
-15.4% vs 2024
Net assets
£846K
+73.2% first positive since 2021
Employees
193
-11.9% vs 2024
Profit before tax
-£3M
+31.4% vs 2024
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2025-03-31
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £46,674,432 | £57,038,518 | |
| Operating profit | — | — | — | — | -£4,569,463 | -£3,023,738 | |
| Profit before tax | — | — | — | — | -£4,914,997 | -£3,370,169 | |
| Net profit | £96,427 | -£1,345,145 | — | -£74,501 | -£486,198 | £454,540 | |
| Cash | — | — | — | — | £4,081,334 | £3,453,001 | |
| Total assets less current liabilities | — | — | — | — | £2,171,940 | £4,254,039 | |
| Net assets | -£147 | -£793,209 | £3,626,633 | £3,560,475 | £488,251 | £845,792 | |
| Equity | — | — | — | — | £488,251 | £845,792 | |
| Average employees | 2 | 5 | 5 | 6 | 219 | 193 | |
| Wages | £0 | £0 | £0 | £54,509 | £10,439,513 | £10,666,995 | |
| Directors' remuneration | — | — | — | — | £1,446,718 | £1,118,194 |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+22.2%
£46,674,432 £57,038,518
-
Cash
-15.4%
£4,081,334 £3,453,001
-
Net assets
+73.2%
£488,251 £845,792
first positive since 2021
-
Employees
-11.9%
219 193
-
Operating profit
+33.8%
-£4,569,463 -£3,023,738
-
Profit before tax
+31.4%
-£4,914,997 -£3,370,169
-
Wages
+2.2%
£10,439,513 £10,666,995
highest in 6 filed years
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 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | -9.8% | -5.3% | |
| Net margin | — | — | — | — | -1.0% | 0.8% | |
| Return on capital employed | — | — | — | — | -210.4% | -71.1% | |
| Current ratio | — | — | — | — | 0.96x | 1.08x | |
| Interest cover | — | — | — | — | -12.96x | -8.53x |
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
- Moore Kingston Smith LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared group forecasts and cashflows for a period of 12 months following the signing of these financial statements. As a result of an assessment of these forecasts together with a review of cash in hand and available credit facilities the directors have a reasonable expectation that the group and parent company will continue to be able to meet its liabilities as they fall due and therefore adopt the going concern basis in preparing these financial statements.”
Group structure
- PASSION HOLDINGS LIMITED · parent
- Passion Pictures Limited 100%
- Passion Docs Limited 100%
- Passion Pictures (Films) Limited 100%
- Passion Pictures Animation Limited 100%
- Passion Planet Limited 70%
- Passion Pictures Corp 100%
- Passion Paris Productions SAS 100%
- Passion SCI 100%
- Passion Pictures Barcelona SL 100%
- Mutnik Productions Limited 100%
- PDSPV Limited 100%
- Final Account Films Limited 100%
- JB Film Limited 100%
- E Kitten SPV Limited 100%
- Manoir Productions Limited 100%
- Passion Goodes Limited 100%
- Wild SPV Limited 70%
- Passion SHP Limited 100%
- Keo Films Limited 51%
- Wildlife Warriors SPV Ltd 51%
- One In A Million SPV Ltd 51%
- QUATIME SPV Ltd 51%
- Keo Holdings Australia Pty 51%
- Merkel Films Limited 100%
- NAB Productions Limited 100%
- Passion Paris Studio 100%
- Smoke SPV Ltd 51%
- Keo Films Australia Pty 51%
- Passion Features Limited 100%
- Zoulou Productions 100%
- CR Film Ltd 100%
- Once Upon A Time in Space SPV Ltd 51%
- Passion Drama Limited 100%
- QUATIP SPV Ltd 51%
- Chillerdiller Productions Limited 100%
- Passion Red Limited 100%
- Passion Purple Limited 100%
- Keo Films Krypto SPV Ltd 51%
- Passion Yellow Limited 100%
- Passion Blue Limited 100%
- Passion Orange Limited 100%
- Planet SPV Limited 70%
- Harmony SPV Limited 70%
- The Edge SPV Limited 70%
- Rockerboy Ltd 100%
- Datakrash Ltd 100%
Significant events
- “Turnover increased during the year, due to an increased level of production activity and the sale of the multi award winning documentary Super/Man: The Christopher Reeve Story.”
- “Creatively, the Group continued to produce commercially successful and award-winning work in the documentary space including Once Upon A Time In Northern Ireland and Helmand: Tour of Duty for the BBC, and Trainwreck 'The Astroworld Tragedy' and Devil in the Family: The Fall of Ruby Franke for Netflix and Hulu respectively.”
- “During the year the animation studio continued to work with major domestic and international brands such as Compare the Market, Airbnb, NBA, McDonalds, Dream Games and MySims. It also continued to deliver outstanding and award-winning work such as 400 Boys, part of the Love, Death and Robots series on Netflix, and The Monster Who Came to Tea for the charity Women's Aid.”
- “Based on measures already taken to control costs the Board believe that the Group has sufficient cash on hand and credit facilities to mitigate any short-term pressure.”
- “The performance of the Group since the year end has been broadly positive, however the Board remains cautious and is acting accordingly to further simplify the groups operations and reduce costs.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALLEN, David Guy | Director | 2021-03-02 | Nov 1965 | British |
| RUHEMANN, Andrew Rainer | Director | 2016-10-10 | Jul 1962 | British |
| SOUTHGATE, Nick | Director | 2021-03-02 | Nov 1966 | British |
| STANNETT, Robert William | Director | 2016-10-10 | Oct 1966 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BODIN-JOYEUX, Marc | Director | 2023-05-02 | 2024-05-17 |
| CROSSCUP, Debbie | Director | 2023-05-02 | 2024-05-17 |
| JOHNSTON, Ruth Nadine | Director | 2022-07-04 | 2024-05-17 |
| MAGYAR, Peter Miklos Edmund | Director | 2021-03-02 | 2024-05-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Andrew Rainer Ruhemann | Individual | Shares 75–100%, ownership-of-shares-75-to-100-percent-as-firm | 2016-10-10 | Active |
Filing timeline
Last 20 of 43 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-05-19 RESOLUTIONS Resolution
- 2023-05-19 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-22 | AA | accounts | Accounts with accounts type group | |
| 2025-10-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-10 | AAMD | accounts | Accounts amended with accounts type group | |
| 2024-12-23 | AA | accounts | Accounts with accounts type group | |
| 2024-11-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-28 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-22 | AA | accounts | Accounts with accounts type group | |
| 2023-10-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-05-19 | RESOLUTIONS | resolution | Resolution | |
| 2023-05-19 | MA | incorporation | Memorandum articles | |
| 2023-05-05 | SH01 | capital | Capital allotment shares | |
| 2023-05-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-28 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2023-04-21 | SH01 | capital | Capital allotment shares | |
| 2023-03-29 | AA | accounts | Accounts with accounts type group | |
| 2022-10-20 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.