PATRIA PRIVATE EQUITY (EUROPE) LIMITED

• ◆

  2 PSCs 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

  +46.5%

  £9,784,000 → £14,329,000

• Cash

  -74.5%

  £4,928,000 → £1,257,000

• Net assets

  +283%

  £4,106,000 → £15,727,000

• Employees

  +533.3%

  9 → 57

• Operating profit

  -118.7%

  £15,102,000 → -£2,827,000

• Profit before tax

  -110%

  £15,516,000 → -£1,558,000

• Wages

  +222.7%

  £1,284,000 → £4,144,000

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. Sector-distribution context coming next.

1. PATRIA PRIVATE EQUITY (EUROPE) LIMITED 2024-04-29 → present
2. ABRDN PRIVATE EQUITY (EUROPE) LIMITED 2021-11-26 → 2024-04-29
3. STANDARD LIFE INVESTMENTS (PRIVATE CAPITAL) LIMITED 2016-05-10 → 2021-11-26
4. STANDARD LIFE INVESTMENTS (PRIVATE EQUITY) LIMITED 1998-08-26 → 2016-05-10
5. STANDARD LIFE PRIVATE EQUITY MANAGER LIMITED 1998-06-03 → 1998-08-26
6. LOTHIAN FIFTY (501) LIMITED 1998-03-23 → 1998-06-03

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Buzzacott Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Management has prepared the financial statements on a going concern basis, expecting the Company to continue trading in 2025. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. PATRIA PRIVATE EQUITY (EUROPE) LIMITED · parent
   1. Patria Capital Partners LLP 0.01% · UK · partnership holding

Significant events

• “On 26 April 2024, the Company was sold by abrdn Investment Management Limited ("abrdn") to Patria Finance Limited, a subsidiary of Patria Investments Limited ("the Patria Group"), as part of the sale of the abrdn UK and European private equity business ("the Transaction").”
• “On 1 February 2024, in anticipation of the Transaction, abrdn and Patria agreed to restructure the Company to ensure that the Company and its subsidiaries, and associated mandates pursuant to which the Company is appointed as investment manager or investment advisor, could be transferred to Patria.”
• “As a result of the reorganisation, cash receipts totalling £11,353k were made in relation to these mandates, and an intangible asset was recognised.”
• “Any outstanding options at 31 December 2023 were cancelled during the year prior to Patria's acquisition of the LLP on 26 April 2024. At 31 December 2024, there were no options outstanding in relation to any of these schemes.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.