HYPIXEL STUDIOS LIMITED
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Cash
£3.6m
USD 4,479,362
-49.5% vs 2023
Net assets
-£66m
USD -82,390,223
-365.8% vs 2023
Employees
43
0% vs 2023
Profit before tax
-£51m
USD -64,444,516
-70.2% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Accounts not prepared on a going-concern basis
During 2024, the Company continued the development of its in-progress game. As outlined in Note 2.4 and 25 of the financial statements, the Company is no longer a going concern and plans to wind down operations.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | -£30,123,187 | -£50,188,103 | -66.6% | |
| Profit before tax | -£30,140,809 | -£51,292,993 | -70.2% | |
| Net profit | -£30,097,522 | -£51,292,993 | -70.4% | |
| Cash | £7,061,175 | £3,565,236 | -49.5% | |
| Total assets less current liabilities | -£11,765,528 | -£65,576,427 | -457.4% | |
| Net assets | -£14,077,273 | -£65,576,427 | -365.8% | |
| Equity | -£14,077,273 | — | — | |
| Average employees | 43 | 43 | 0% | |
| Wages | £5,219,558 | £5,863,197 | +12.3% | |
| Directors' remuneration | £672,780 | £641,823 | -4.6% | |
| Directors' pension contributions | £13,171 | £19,255 | +46.2% | |
| Highest paid director | £406,046 | £379,733 | -6.5% |
Figures converted to GBP from USD at 0.796 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 124.3% | 372.6% | |
| Current ratio | 0.18x | 0.27x | |
| Interest cover | — | -45.42x |
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 101
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- PricewaterhouseCoopers
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“During 2024, the Company continued the development of its in-progress game. As outlined in Note 2.4 and 25 of the financial statements, the Company is no longer a going concern and plans to wind down operations.”
Group structure
- HYPIXEL STUDIOS LIMITED · parent
- Hypixels Studios USA, Inc 100%
Significant events
- “On 23 June 2025, the Company announced the cessation of development of its in-progress game and outlined a plan to wind down related operations.”
- “On 14 November 2025, the Company completed the sale of the associated intellectual property to two of the project's original founders.”
- “The Company's dormant subsidiary, Hypixel Studios USA, Inc was formally dissolved on 20 November 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRIDGEMAN, Alan Jeremiah | Director | 2020-02-21 | Aug 1974 | Irish |
| SOTTOSANTI, Mark | Director | 2020-04-14 | Oct 1971 | American |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHO, Brian | Director | 2020-02-21 | 2021-04-02 |
| CHOW, Michael | Director | 2021-04-02 | 2022-04-22 |
| DONAGHEY, Aaron | Director | 2020-05-01 | 2025-09-17 |
| DONLON, Anna | Director | 2022-04-22 | 2023-09-20 |
| MCCAFFERTY, Sean | Director | 2020-05-01 | 2025-09-17 |
| PERRY, John David | Director | 2024-03-29 | 2025-09-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tencent Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2020-02-21 | Active |
Filing timeline
Last 20 of 27 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-02 | AA | accounts | Accounts with accounts type full | |
| 2025-10-06 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-10-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-02 | AA | accounts | Accounts with accounts type full | |
| 2024-06-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-16 | AA | accounts | Accounts with accounts type small | |
| 2023-02-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-31 | AA | accounts | Accounts with accounts type small | |
| 2022-05-16 | AP01 | officers | Appoint person director company with name date | |
| 2022-05-13 | TM01 | officers | Termination director company with name termination date | |
| 2022-03-28 | AA | accounts | Accounts with accounts type small | |
| 2022-02-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-08 | AP01 | officers | Appoint person director company with name date | |
| 2021-05-13 | TM01 | officers | Termination director company with name termination date |
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.