CDE ENTERTAINMENT LTD.
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-05-02 (in 1y)
Last made up 2026-04-18
Watchouts
None on the register
Cash
£4M
USD 4,696,881
+41,970% highest in 3 filed years
Net assets
-£110M
USD -146,882,909
-81,750% lowest in 3 filed years
Employees
1
-83.3% lowest in 3 filed years
Profit before tax
-£8M
USD -10,397,168
-23,687.8% lowest in 3 filed years
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · latest reflected 2025-03-31
| Metric | Trend | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|
| Turnover | £71,399 | £65,546 | £71,753,587 | |
| Operating profit | -£92,127 | -£15,844 | £7,280,938 | |
| Profit before tax | -£101,467 | -£32,674 | -£7,772,421 | |
| Net profit | — | -£24,432,952 | -£9,517,760 | |
| Cash | £24,158 | £8,346 | £3,511,162 | |
| Total assets less current liabilities | £128,381 | £112,197 | £81,462,687 | |
| Net assets | -£101,467 | -£134,151 | -£109,802,578 | |
| Equity | £101,467 | £134,151 | -£109,802,578 | |
| Average employees | 11 | 6 | 1 | |
| Wages | — | £968,972 | £525,684 | |
| Directors' remuneration | — | £320,336 | £941,575 |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+109,370.6%
£65,546 £71,753,587
highest in 3 filed years
-
Cash
+41,970%
£8,346 £3,511,162
highest in 3 filed years
-
Net assets
-81,750%
-£134,151 -£109,802,578
lowest in 3 filed years
-
Employees
-83.3%
6 1
lowest in 3 filed years
-
Operating profit
+46,053.9%
-£15,844 £7,280,938
highest in 3 filed years
-
Profit before tax
-23,687.8%
-£32,674 -£7,772,421
lowest in 3 filed years
-
Wages
-45.7%
£968,972 £525,684
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 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|
| Operating margin | -129.0% | -24.2% | 10.1% | |
| Net margin | — | — | -13.3% | |
| Return on capital employed | -71.8% | -14.1% | 8.9% | |
| Gearing (liabilities / total assets) | — | 100.1% | 164.6% | |
| Current ratio | — | 0.00x | 0.18x | |
| Interest cover | -9.40x | -0.93x | 0.48x |
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
- CDE ENTERTAINMENT LTD. 2022-08-26 → present
- SQUARE ENIX NEWCO LIMITED 2022-04-19 → 2022-08-26
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Consequently, the directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”
Significant events
- “The decision to release all mobile development employees was deemed a necessary step to ensure the enduring sustainability and growth of our company.”
- “After the reporting period, in July 2025, Microsoft announced the cancellation of one of the contracts linked to the Work-for-Hire revenue.”
- “On 12 January 2026, Embracer Group Lager 13 AB issued a deed of release for $255,855,545 of debt held within the Group.”
- “On 5 February 2026, Embracer Group Lager 13 AB issued a deed of release for $39,668,874 of debt held within the Group.”
- “On 30 March 2026, the Embracer Group announced the restructuring of the Eidos-Montréal studio, which includes a reduction in its workforce.”
- “The nature of these transactions (debt releases) was a capital contribution, improving the balance sheet position of the Company to a net asset position. Following this capital contribution, there remains an outstanding debt balance of $50,494,592.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAIG, Patrice | Director | 2022-06-27 | Jun 1983 | Canadian |
| ROGERS, Philip Timo | Director | 2022-04-19 | Jun 1969 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MATSUDA, Yosuke | Director | 2022-04-19 | 2022-08-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Lars Eric Olof Wingefors | Individual | Significant influence | 2022-08-26 | Active |
| Square Enix Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-04-19 | Ceased 2022-08-26 |
Filing timeline
Last 20 of 23 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-08-26 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-11 | AA | accounts | Accounts with accounts type full | |
| 2025-09-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-05-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-14 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-01-15 | AAMD | accounts | Accounts amended with accounts type full | |
| 2024-12-20 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-07-01 | AA | accounts | Accounts with accounts type full | |
| 2024-06-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-15 | CH01 | officers | Change person director company with change date | |
| 2023-11-15 | CH01 | officers | Change person director company with change date | |
| 2023-10-05 | CH01 | officers | Change person director company with change date | |
| 2023-10-04 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-10-03 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-06-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-08-26 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-08-26 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-08-26 | CERTNM | change-of-name | Certificate change of name company | |
| 2022-08-26 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-08-26 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.