PGMBM LTD

• ⚠

  Annual accounts overdue

  Due 2025-09-29.

• ⚠

  Material uncertainty over going concern

  Whilst further funding remains subject to agreement and completion, this constitutes a material uncertainty regarding going concern.

• ◆

  1 PSC 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

  -93.2%

  £53,077,800 → £3,607,387

• Cash

  -75.4%

  £3,926,937 → £967,621

• Net assets

  -18.6%

  -£509,740,144 → -£604,805,907

• Employees

  +25.5%

  192 → 241

  highest in 4 filed years

• Operating profit

  -64.1%

  -£51,761,649 → -£84,953,215

• Profit before tax

  +67.4%

  -£291,733,026 → -£95,065,763

• Wages

  +36.3%

  £12,913,883 → £17,599,603

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. PGMBM LTD 2020-05-13 → present
2. SPG LAW LIMITED 2018-07-17 → 2020-05-13

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

MHA Audit Services LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Whilst further funding remains subject to agreement and completion, this constitutes a material uncertainty regarding going concern.”

Group structure

1. PGMBM LTD · parent
   1. PGMBM Law Ltd 100% · England · Legal services through an 'Alternative Business Structure'
   2. Thomas Arthur Morgan Goodhead Sociedade Unipressoal LTDA · Brazil · Special Purpose Entity (SPE) used as a vehicle to obtain financing for the benefit of the Group and Company

Significant events

• “The Group announced governance changes in August 2025 with the implementation of a new Board of Directors and subsequent resignation of Thomas Goodhead as director in September 2025.”
• “The commencement in England and Wales of the historic "Dieselgate" trial in October 2025 where the Group is representing claimants across its Nox portfolio.”
• “In November 2025, the High Court in England and Wales ruled in the Group's clients' favour on liability in the Mariana case.”
• “the Group refinanced its largest facility in 2023 and subsequent to this, the Group successfully closed out additional facilities with its largest funder in 2024 and 2025.”

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

Filings

15

last 12 months

Capital events

0

last 24 months

Officers appointed

3

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.