PANAVISION EUROPE LIMITED
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Cash
£6.4m
-24.3% vs 2023
Net assets
-£18m
-415.2% vs 2023
Employees
573
-8.2% lowest in 3 filed years
Profit before tax
-£21m
-217.9% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2026-09-30.
-
Negative shareholders' funds
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £128,141,000 | £92,589,000 | £86,547,000 | -6.5% | |
| Operating profit | £5,465,000 | -£5,511,000 | -£10,723,000 | -94.6% | |
| Profit before tax | £5,170,000 | -£6,726,000 | -£21,379,000 | -217.9% | |
| Net profit | £3,167,000 | -£7,108,000 | -£24,294,000 | -241.8% | |
| Cash | — | £8,483,000 | £6,420,000 | -24.3% | |
| Total assets less current liabilities | — | £24,388,000 | £87,628,000 | +259.3% | |
| Net assets | — | £5,786,000 | -£18,235,000 | -415.2% | |
| Equity | — | £5,786,000 | -£18,235,000 | -415.2% | |
| Average employees | 673 | 624 | 573 | -8.2% | |
| Wages | £24,352,000 | £22,485,000 | £21,448,000 | -4.6% | |
| Directors' remuneration | £584,000 | £384,000 | £304,000 | -20.8% | |
| Directors' pension contributions | £45,000 | £34,000 | £24,000 | -29.4% | |
| Highest paid director | £200,440 | £224,266 | £232,975 | +3.9% |
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 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|
| Operating margin | 4.3% | -6.0% | -12.4% | |
| Net margin | 2.5% | -7.7% | -28.1% | |
| Return on capital employed | — | -22.6% | -12.2% | |
| Gearing (liabilities / total assets) | — | 95.2% | 118.4% | |
| Current ratio | — | 0.95x | 6.95x | |
| Interest cover | 2.69x | -1.63x | -2.87x |
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.
Name history
Renamed 1 time since incorporation
- PANAVISION EUROPE LIMITED 1991-10-31 → present
- HADENFAR LIMITED 1990-08-17 → 1991-10-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on these forecasts and resources available, the directors have concluded that, although trading conditions remain challenging, there are no material uncertainties that cast significant doubt on the Group's ability to continue as a going concern. Accordingly, the annual report and accounts have been prepared on that basis.”
Group structure
- PANAVISION EUROPE LIMITED · parent
- John Barry Group Pty Ltd 100%
- Lee Filters Limited 100%
- Lee Lighting Limited 100%
- Joe Dunton Cameras Limited 100%
- Panavision Alga Techno Paris SA 100%
- Panalux SARL 100%
- Panavision Polska Sp. Z.o.o 100%
- Samuelson Group Limited 100%
- Panavision Asia Pacific Pty Limited 100%
- Panalux Pty Limited 100%
- Panavision Australia Pty Limited 100%
- Samuelson Cases Australia Pty Limited 100%
- AFM Group Limited 100%
- Panalux Limited 100%
- Panalux Europe Sro 100%
- Panalux Lighting Namibia (Pty) Limited 100%
- Panalux SA (Pty) Limited 100%
- Panalux (IOM) Limited 100%
- Mr Lighting Limited 100%
- Mr Lighting Studios Limited 100%
- Black Island Studios Limited 100%
- Luminary Lighting Ltd 100%
- Direct Photographic Limited 100%
- One 8 Six Limited 100%
- Panavision SA (Pty) Limited 100%
- Panavision Europe Limited Partnership 100%
- Focus.com 100%
- Panavision Holdings (SA) (Pty) Ltd 100%
Significant events
- “The film and television production industry in which the Group operates continues to face uncertainty following the industry-wide strikes in 2023. While production activity has begun to recover, the pace and sustainability of this recovery remain subject to risks, including potential delays in project greenlighting, uneven regional demand, and the financial pressures faced by studios and production companies.”
- “Panalux (IOM) Limited - dissolved 7 February 2024.”
- “On 2 May 2025, the Company entered into a Loan, Guaranty and Security Agreement... which provided for a $130 million facility.”
- “Subsequent to the year end, the Group commenced a programme to streamline its operations. The programme includes an ongoing review of the profitability of individual branches and business components, with a view to consolidating or exiting activities that are loss-making or represent a recurring cash outflow to the Group.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PITSEC LIMITED | Corporate Secretary | 2021-04-30 | — | — |
| BLISS, Terra Alina | Director | 2021-03-16 | Oct 1970 | American |
| KALSEY, Jasminder Singh | Director | 2016-03-07 | May 1974 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHATTERTON, Karen | Secretary | 2006-03-30 | 2011-06-20 |
| GOSLAND, William Ferguson | Secretary | 2010-05-15 | 2018-01-25 |
| HURDLE, Nigel Edward | Secretary | — | 2010-05-15 |
| ALLEN, Jeffrey Thomas | Director | 1998-01-12 | 2020-09-30 |
| BOSTON, Derrick Osmond | Director | 2016-03-07 | 2016-12-31 |
| FARRAND, John Stuart | Director | 1997-09-03 | 2003-02-07 |
| FURSSEDONN, Mark Vincent | Director | 2018-07-31 | 2024-06-30 |
| GOSLAND, William Ferguson | Director | 2010-03-02 | 2016-03-07 |
| HURDLE, Nigel Edward | Director | — | 2010-05-15 |
| MARCKETTA, Jeffrey Joseph | Director | — | 1998-10-20 |
| NOONAN, Denis | Director | 2003-07-09 | 2005-03-03 |
| REYNOLDS, Robert John | Director | — | 1998-10-20 |
| SCOTT, William Clement | Director | 1993-03-04 | 2001-03-01 |
| SNYDER, Kimberly Ann | Director | 2016-03-07 | 2026-01-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Stephen Andrew Feinberg | Individual | Significant influence | 2016-04-06 | Ceased 2023-10-19 |
Filing timeline
Last 20 of 214 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-05-14 RESOLUTIONS Resolution
- 2026-05-14 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-03 | AA | accounts | Accounts with accounts type group | |
| 2026-05-14 | RESOLUTIONS | resolution | Resolution | |
| 2026-05-14 | MA | incorporation | Memorandum articles | |
| 2026-04-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-21 | CH04 | officers | Change corporate secretary company with change date | |
| 2026-03-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-31 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-27 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-07-08 | AA | accounts | Accounts with accounts type group | |
| 2025-05-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-03 | CH01 | officers | Change person director company with change date | |
| 2024-07-02 | CH01 | officers | Change person director company with change date | |
| 2024-07-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-19 | AD03 | address | Move registers to sail company with new address | |
| 2024-06-19 | AD02 | address | Change sail address company with new address | |
| 2024-05-19 | AA | accounts | Accounts with accounts type group | |
| 2024-05-16 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 0
- 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.