PARTNERSHIP MEDIA GROUP LIMITED
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Cash
£311K
+16% vs 2024
Net assets
£619K
+129.2% first positive since 2024
Employees
73
-27% lowest in 3 filed years
Profit before tax
£2.4M
+160.1% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £11,476,487 | £10,387,812 | £10,871,735 | +4.7% | |
| Operating profit | -£1,168,015 | -£3,956,814 | £2,440,857 | +161.7% | |
| Profit before tax | -£1,217,665 | -£4,003,431 | £2,404,233 | +160.1% | |
| Net profit | -£1,708,833 | -£3,245,569 | £2,741,261 | +184.5% | |
| Cash | £593,744 | £267,652 | £310,583 | +16% | |
| Total assets less current liabilities | £1,563,917 | -£1,911,450 | £619,163 | +132.4% | |
| Net assets | £1,123,471 | -£2,122,098 | £619,163 | +129.2% | |
| Equity | £1,123,471 | -£2,122,098 | £619,163 | +129.2% | |
| Average employees | 125 | 100 | 73 | -27% | |
| Wages | £6,170,176 | £5,239,111 | £4,074,526 | -22.2% | |
| Directors' remuneration | £369,550 | £354,062 | £158,000 | -55.4% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -10.2% | -38.1% | 22.5% | |
| Net margin | -14.9% | -31.2% | 25.2% | |
| Return on capital employed | -74.7% | — | 394.2% | |
| Gearing (liabilities / total assets) | 70.5% | 161.3% | 89.7% | |
| Current ratio | 0.80x | 0.64x | 1.11x | |
| Interest cover | -17.45x | -79.70x | 65.15x |
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
- Standalone (parent only)
- Auditor
- Menzies LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having carefully considered the base case forecast, the downside scenario, the ability to repay borrowings due and the trends subsequent to the year end, the directors have a reasonable expectation that the company and group will have adequate resources to enable them to continue in operational existence throughout the going concern period. Accordingly the directors continue to adopt the going concern basis of accounting in preparing the company financial statements.”
Group structure
- PARTNERSHIP MEDIA GROUP LIMITED · parent
- GovNet Communications Limited 100%
Significant events
- “Transition to a sponsor led exhibition model and phasing out of legacy delegate-led events, leading to a return to profitability.”
- “Decommissioning of Manchester office and associated restructuring.”
- “Change in ownership in October 2024, with shareholders selling to GovNet Limited.”
- “Refinancing of parent company's loan facility in May 2026.”
- “Reversal of impairment of intercompany loan receivable due to reassessment of recoverability.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KIMBER, Michael William | Director | 2026-01-26 | Jan 1986 | British |
| TUCKER, James Charles | Director | 2021-01-01 | Mar 1991 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ROMAIN, Oliver Jeremy | Secretary | 1997-01-21 | 2005-02-03 |
| WALSH, Joanne Purchase | Secretary | 1998-03-19 | 2005-02-03 |
| BRITANNIA COMPANY FORMATIONS LIMITED | Corporate Nominee Secretary | 1997-01-20 | 1997-01-21 |
| JMW BUSINESS SERVICES LIMITED | Corporate Secretary | 2017-08-18 | 2024-07-15 |
| T P D S LIMITED | Corporate Secretary | 2005-02-03 | 2017-08-18 |
| HUGO, Christian Victor | Director | 1998-03-19 | 1999-12-08 |
| RHODES, Paul | Director | 1997-01-21 | 1997-12-12 |
| ROMAIN, Oliver Jeremy | Director | 1997-01-21 | 2005-02-03 |
| WALSH, Joanne Purchase | Director | 1998-03-19 | 2024-10-29 |
| DEANSGATE COMPANY FORMATIONS LIMITED | Corporate Nominee Director | 1997-01-20 | 1997-01-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Govnet Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-10-29 | Active |
| Mrs Joanne Purchase Walsh | Individual | Shares 75–100% | 2016-04-06 | Ceased 2024-10-29 |
Filing timeline
Last 20 of 102 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-12-06 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-19 | AA | accounts | Accounts with accounts type full | |
| 2026-06-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-26 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-07 | AA | accounts | Accounts with accounts type full | |
| 2025-03-03 | AA | accounts | Accounts with accounts type full | |
| 2025-01-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-11-14 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-07-15 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-07-15 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-01-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-08 | AA | accounts | Accounts with accounts type full | |
| 2023-02-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-05 | AA | accounts | Accounts with accounts type full | |
| 2022-01-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-12-21 | AA | accounts | Accounts with accounts type full | |
| 2021-12-06 | RESOLUTIONS | resolution | Resolution | |
| 2021-12-06 | SH02 | capital | Capital alter shares subdivision |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- 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.