PBE GROUP LTD

• ⚠

  Material uncertainty over going concern

  The company holds bank loans totalling £19,250,000 at 31 December 2024... Excluding the bank loans discussed above the company remains in a net current liability position and has net current liabilities of £5,096,000 at 31 December 2024. The parent company has confirmed in writing that it will support the company to meet its liabilities as they fall due for a period of at least 12 months from the approval of these financial statements. On this basis the directors have prepared these financial statements on a going concern basis.

• ◆

  4 PSCs 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

  —

  Not reported

• Cash

  -48.3%

  £675,000 → £349,000

• Net assets

  -380.9%

  -£602,000 → -£2,895,000

• Employees

  0%

  7 → 7

• Operating profit

  -989.7%

  -£39,000 → -£425,000

• Profit before tax

  -15.1%

  -£1,993,000 → -£2,293,000

• Wages

  -10.9%

  £1,299,000 → £1,157,000

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

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

Standalone (parent only)

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The company holds bank loans totalling £19,250,000 at 31 December 2024... Excluding the bank loans discussed above the company remains in a net current liability position and has net current liabilities of £5,096,000 at 31 December 2024. The parent company has confirmed in writing that it will support the company to meet its liabilities as they fall due for a period of at least 12 months from the approval of these financial statements. On this basis the directors have prepared these financial statements on a going concern basis.”

Group structure

1. PBE GROUP LTD · parent
   1. Pyott-Boone Holdings Inc 100% · USA · Holding company
   2. Pyott- Boone Electronics Inc. 100% · USA · Manufacturer of communications equipment
   3. PBE Australia Ltd 100% · Australia · Provision of communications and power equipment
   4. PBE Axell Pty Ltd 100% · Australia · Provision of communications and power equipment
   5. Pyott-Boone Electronics Canada Limited 100% · Canada · Provision of communications equipment
   6. PBE Europe Limited 100% · UK · Provision of communications and power equipment
   7. PBE South Africa Proprietary Limited 100% · South Africa · Provision of communications equipment
   8. PBE Rutherford Mining Pty Limited 100% · Australia · Power cable services and sale, hire and refurbishment of temporary power and electrical equipment
   9. ADE Power Pty Ltd 100% · Australia · Sale and hire of temporary power equipment
   10. PBE Rutherford Pte Ltd 100% · Singapore · Provision of communications and power equipment
   11. PBE Power Production Malaysia Sdn Bhd 100% · Malaysia · Provision of communications and power equipment
   12. ADE Power Limited 100% · UK · Manufacturer of Generator Enclosures

Significant events

• “Company loss for the year was £2,293,000 (2023: £2,024,000).”
• “During the year the company had 7 employees (2023: 7).”
• “The company holds bank loans totalling £19,250,000 at 31 December 2024... These bank facilities were extended post year end on 6th May 2025 providing a facility totalling £30,000,000, with £10,000,000 of this being undrawn.”

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

0

last 24 months

Officers appointed

1

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.