PXN ASSET MANAGEMENT LIMITED
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Cash
£211k
Latest balance sheet
Net assets
-£1.7m
Equity attributable
Employees
44
Average over period
Profit before tax
-£1.4m
Period ending 2025-03-31
Net assets
1-year trend · vs Financials median
Accounts
1-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2025-03-31 | Δ vs prior |
|---|---|---|---|
| Turnover | £6,541,341 | — | |
| Operating profit | -£1,373,539 | — | |
| Profit before tax | -£1,391,568 | — | |
| Net profit | -£1,391,568 | — | |
| Cash | £211,367 | — | |
| Total assets less current liabilities | -£1,748,508 | — | |
| Net assets | -£1,748,508 | — | |
| Equity | -£1,748,508 | — | |
| Average employees | 44 | — | |
| Wages | £3,193,268 | — | |
| Directors' remuneration | £503,584 | — | |
| Directors' pension contributions | £9,583 | — | |
| Highest paid director | £353,300 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. Year-on-year comparison hidden: this filing's period length differs materially from the prior year. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2025-03-31 |
|---|---|---|
| Operating margin | -21.0% | |
| Net margin | -21.3% | |
| Gearing (liabilities / total assets) | 184.6% | |
| Current ratio | 0.44x | |
| Interest cover | -18.14x |
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.
Name history
Renamed 2 times since incorporation
- PXN ASSET MANAGEMENT LIMITED 2026-06-30 → present
- PRAETURA VENTURES LIMITED 2018-07-23 → 2026-06-30
- ENSCO 1297 LIMITED 2018-06-29 → 2018-07-23
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Johnston Carmichael LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have no reason to believe that a material uncertainty exists that may cast significant doubt on the ability of the Company to continue as a going concern. On the basis of their assessment of the Company's financial position, the directors have a reasonable expectation that the Company will be able to continue in operational existence for a period of at least 12 months from the date of approval of the financial statements.”
Group structure
- PXN ASSET MANAGEMENT LIMITED · parent
- GMC Life Sciences GP LLP 90%
- GMC Life Sciences Carry GP LLP 90%
- NPIF II - Equity NW GP LLP 99.98%
- NPIF II - Equity NW Carry GP LLP 99.98%
Significant events
- “On 24 October 2025 the Company merged with Par Equity to form PXN Group.”
- “In June 2026, the company took out an intercompany loan with its ultimate Parent undertaking, PXN Group Limited, for £2m. This has been used to repay one of the larger loans of £500k that was outstanding at 31 March 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CARTER, Darren | Director | 2018-09-14 | Feb 1966 | British |
| FOREMAN, David Christopher | Director | 2018-08-15 | Oct 1981 | British |
| PRESCOTT, Jonathan Simon | Director | 2021-02-03 | Jan 1974 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MCARTHUR, Sam Robin Dennis | Secretary | 2023-12-19 | 2023-12-22 |
| GATELEY SECRETARIES LIMITED | Corporate Secretary | 2018-06-29 | 2018-08-15 |
| BROWN, Jonathan | Director | 2019-03-06 | 2025-10-31 |
| CAUNCE, Stephen James | Director | 2020-11-26 | 2025-10-31 |
| FLETCHER, Michael James | Director | 2018-08-15 | 2020-09-24 |
| MCARTHUR, Sam Robin Dennis | Director | 2023-12-19 | 2025-03-31 |
| MEMMOTT, Robert | Director | 2019-04-30 | 2020-12-31 |
| MOORE, David Ian | Director | 2019-02-22 | 2020-09-24 |
| SUMMERS, Jack Daniel | Director | 2021-09-25 | 2023-12-19 |
| WARD, Michael James | Director | 2018-06-29 | 2018-08-15 |
| GATELEY INCORPORATIONS LIMITED | Corporate Director | 2018-06-29 | 2018-08-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Praetura Ventures Holding Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2023-05-18 | Active |
| Praetura Debt Services Holding Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2023-05-15 | Ceased 2023-05-18 |
| Praetura Group Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2018-08-15 | Ceased 2023-05-15 |
| Gateley Incorporations Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-06-29 | Ceased 2018-08-15 |
Filing timeline
Last 20 of 83 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-30 CERTNM Certificate change of name company PDF
- 2025-11-05 RESOLUTIONS Resolution
- 2024-09-28 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-26 | AA | accounts | Accounts with accounts type full | |
| 2026-06-30 | CERTNM | change-of-name | Certificate change of name company | |
| 2026-05-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-30 | AA | accounts | Accounts with accounts type small | |
| 2025-11-05 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-31 | SH01 | capital | Capital allotment shares | |
| 2025-05-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-16 | SH01 | capital | Capital allotment shares | |
| 2025-04-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-07 | AA01 | accounts | Change account reference date company previous extended | |
| 2024-10-09 | AA | accounts | Accounts with accounts type small | |
| 2024-09-28 | SH08 | capital | Capital name of class of shares | |
| 2024-09-28 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-18 | SH02 | capital | Capital alter shares redemption statement of capital | |
| 2023-12-22 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-12-20 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-20 | AP03 | officers | Appoint person secretary company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 3
- Officers appointed
- 0
- Officers resigned
- 2
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.