PGMBM LTD
Formerly known as SPG Law Limited, PGMBM Ltd is a London-based solicitors practice that provides legal representation for litigation and compensation claims.
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Cash
£968K
-75.4% vs 2022
Net assets
-£605M
-18.6% lowest in 4 filed years
Employees
241
+25.5% highest in 4 filed years
Profit before tax
-£95M
+67.4% vs 2022
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2025-09-29.
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Material uncertainty over going concern
Whilst further funding remains subject to agreement and completion, this constitutes a material uncertainty regarding going concern.
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1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
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Going-concern uncertainty disclosed
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Negative shareholders' funds
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2023-12-31
| Metric | Trend | 2019-07-31 | 2020-07-31 | 2022-12-31 | 2023-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | — | £53,077,800 | £3,607,387 | -93.2% | |
| Operating profit | — | — | -£51,761,649 | -£84,953,215 | -64.1% | |
| Profit before tax | — | — | -£291,733,026 | -£95,065,763 | +67.4% | |
| Net profit | — | — | -£291,733,026 | -£95,065,763 | +67.4% | |
| Cash | £17,614 | £60,626 | £3,926,937 | £967,621 | -75.4% | |
| Total assets less current liabilities | -£6,097,528 | -£20,909,534 | -£509,740,144 | -£604,805,907 | -18.6% | |
| Net assets | — | — | -£509,740,144 | -£604,805,907 | -18.6% | |
| Equity | -£6,097,528 | -£20,909,534 | -£509,740,144 | -£604,805,907 | -18.6% | |
| Average employees | 1 | 1 | 192 | 241 | +25.5% | |
| Wages | — | — | £12,913,883 | £17,599,603 | +36.3% | |
| Directors' remuneration | — | — | £229,807 | £267,085 | +16.2% |
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 —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-07-31 | 2020-07-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | -97.5% | — | |
| Current ratio | — | — | 0.01x | 0.07x | |
| Interest cover | — | — | -35.41x | -2.36x |
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.
Name history
Renamed 1 time since incorporation
- PGMBM LTD 2020-05-13 → present
- SPG LAW LIMITED 2018-07-17 → 2020-05-13
Audit & accounting basis
- 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
- PGMBM LTD · parent
- PGMBM Law Ltd 100%
- Thomas Arthur Morgan Goodhead Sociedade Unipressoal LTDA
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
People
4 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALINIA, Alicia Azadeh | Secretary | 2023-05-15 | — | — |
| ALINIA ROBERTS, Alicia Azadeh | Director | 2025-08-04 | Apr 1980 | British |
| MORENO, Joseph Vincent | Director | 2025-08-04 | Aug 1975 | American |
| MORRIS, Howard Philip | Director | 2025-08-04 | Mar 1957 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CERNESCU, Alexandra | Secretary | 2019-12-16 | 2020-12-31 |
| DAVIES, Kate Rebecca | Secretary | 2021-10-27 | 2022-06-10 |
| GOODHEAD, Thomas | Secretary | 2018-07-17 | 2021-10-27 |
| RADIA, Jashel | Secretary | 2022-07-04 | 2023-05-15 |
| GOODHEAD, Thomas | Director | 2018-07-17 | 2025-09-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr James Huw Dolphin | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-08-04 | Active |
| Mr Thomas Goodhead | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-07-17 | Ceased 2025-08-04 |
Filing timeline
Last 20 of 68 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-08-22 MA Memorandum articles
- 2025-08-20 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-02-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-05 | AA | accounts | Accounts with accounts type group | |
| 2025-12-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-30 | CH01 | officers | Change person director company with change date | |
| 2025-09-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-08-22 | MA | incorporation | Memorandum articles | |
| 2025-08-20 | RESOLUTIONS | resolution | Resolution | |
| 2025-08-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-08-07 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-08-07 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-08-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-14 | AA | accounts | Accounts with accounts type group | |
| 2025-01-23 | CH03 | officers | Change person secretary company with change date | |
| 2025-01-23 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-01-21 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-12-24 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 15
- Capital events
- 0
- Officers appointed
- 3
- 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.