THE PATH ENTERTAINMENT GROUP LIMITED
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Next accounts due
2026-03-31
Overdue
Confirmation statement due
2026-06-09 (in 1mo)
Last made up 2025-05-26
Watchouts
Cash
£2M
+111% highest in 3 filed years
Net assets
-£4M
-395% lowest in 3 filed years
Employees
132
+12.8% highest in 3 filed years
Profit before tax
-£5M
-211.7% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2026-03-31.
-
Material uncertainty over going concern
We draw attention to note 2.3 in the financial statements, which indicates that the group as at 31 March 2024 has net current liabilities of £9,062,813 and net liabilities of £3,702,286. As stated in note 2.3, these events or conditions, along with the other matters as set forth in note 2.3, indicate that a material uncertainty exists that may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern.
Net assets
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · latest reflected 2024-03-31
| Metric | Trend | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2024-03-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £7,449,887 | £9,318,289 | |
| Operating profit | — | — | -£1,458,583 | -£4,422,822 | |
| Profit before tax | — | — | -£1,458,013 | -£4,544,306 | |
| Net profit | -£244,105 | — | -£435,451 | -£2,954,330 | |
| Cash | £53,457 | — | £938,912 | £1,981,079 | |
| Total assets less current liabilities | -£244,102 | — | -£747,956 | -£3,702,286 | |
| Net assets | -£244,102 | — | -£747,956 | -£3,702,286 | |
| Equity | -£244,102 | -£244,102 | -£747,956 | -£3,702,286 | |
| Average employees | 8 | — | 117 | 132 | |
| Wages | — | — | £2,812,843 | £3,333,728 | |
| Directors' remuneration | — | — | £100,000 | £100,000 |
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
FY2023 → FY2024 · period ending 2024-03-31 vs 2023-03-31
-
Turnover
+25.1%
£7,449,887 £9,318,289
-
Cash
+111%
£938,912 £1,981,079
highest in 3 filed years
-
Net assets
-395%
-£747,956 -£3,702,286
lowest in 3 filed years
-
Employees
+12.8%
117 132
highest in 3 filed years
-
Operating profit
-203.2%
-£1,458,583 -£4,422,822
-
Profit before tax
-211.7%
-£1,458,013 -£4,544,306
-
Wages
+18.5%
£2,812,843 £3,333,728
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 | 2022-03-31 | 2022-04-01 | 2023-03-31 | 2024-03-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | -19.6% | -47.5% | |
| Net margin | — | — | -5.8% | -31.7% | |
| Return on capital employed | — | — | 195.0% | 119.5% | |
| Current ratio | — | — | 0.74x | 0.62x | |
| Interest cover | — | — | — | -35.25x |
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
- Nyman Libson Paul LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“We draw attention to note 2.3 in the financial statements, which indicates that the group as at 31 March 2024 has net current liabilities of £9,062,813 and net liabilities of £3,702,286. As stated in note 2.3, these events or conditions, along with the other matters as set forth in note 2.3, indicate that a material uncertainty exists that may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern.”
Group structure
- THE PATH ENTERTAINMENT GROUP LIMITED · parent
- Gamepath Entertainment Limited 100%
- Showpath Entertainment Limited 100%
- Gamepath (Monopoly) Limited 100%
- Gamepath Paddington Ldn Limited 100%
- Gamepath Saw Ldn Limited 100%
- Showpath Spongebob UK Limited 100%
- Showpath Dirty Dancing Limited 100%
- Showpath D & D Ldn Limited 100%
Significant events
- “Expanded immersive & theatrical attractions portfolio with a new production and further development under licence. Significant investment in venue infrastructure and international development. Turnover increased by 25%. Implemented an internal efficiency programme and diversified income streams through 'skills-for-hire' contracts.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ARNOLD, Hunter | Director | 2021-05-27 | Jan 1977 | American |
| HUTCHINSON, David Malcolm | Director | 2021-05-27 | May 1988 | British |
| KALIN, Gavin Joseph | Director | 2021-05-27 | Jul 1981 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| David Hutchinson Entertainment Ltd | Corporate entity | Shares 25–50%, Voting 25–50% | 2021-05-27 | Active |
| Ak Theatricals Limited | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2021-05-27 | Active |
Filing timeline
Last 20 of 22 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-08-16 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-16 | AA | accounts | Accounts with accounts type group | |
| 2025-11-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-06-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-15 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-05-31 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-05-27 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-03-20 | CH01 | officers | Change person director company with change date | |
| 2024-06-28 | AA | accounts | Accounts with accounts type group | |
| 2024-06-09 | CH01 | officers | Change person director company with change date | |
| 2024-06-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-06-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-04-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-03-31 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-06-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-01-03 | AA01 | accounts | Change account reference date company current shortened | |
| 2021-09-01 | SH08 | capital | Capital name of class of shares | |
| 2021-08-16 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.