PIRATE STUDIOS LIMITED
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Cash
£459k
Latest balance sheet
Net assets
-£36m
Equity attributable
Employees
116
Average over period
Profit before tax
-£12m
Period ending 2022-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2026-09-29.
-
Material uncertainty over going concern
As such there is a material uncertainty related to events or conditions that may cast significant doubt on the group's ability to continue as a going concern and, therefore, that it may be unable to realise its assets and discharge its liabilities as they fall due in the normal course of business.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
1-year trend · vs Consumer Discretionary median
Accounts
1-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2022-12-31 | Δ vs prior |
|---|---|---|---|
| Turnover | £10,292,517 | — | |
| Operating profit | -£8,765,289 | — | |
| Profit before tax | -£12,276,697 | — | |
| Net profit | -£12,242,687 | — | |
| Cash | £458,649 | — | |
| Total assets less current liabilities | £14,422,852 | — | |
| Net assets | -£36,106,110 | — | |
| Equity | — | — | |
| Average employees | 116 | — | |
| Wages | £3,259,824 | — | |
| Directors' remuneration | £236,834 | — | |
| Directors' pension contributions | £17,400 | — | |
| Highest paid director | £150,000 | — |
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 —. Year-on-year comparison hidden: this filing's period length differs materially from the prior year. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-12-31 |
|---|---|---|
| Operating margin | -85.2% | |
| Net margin | -118.9% | |
| Return on capital employed | -60.8% | |
| Gearing (liabilities / total assets) | 262.3% | |
| Current ratio | 0.30x | |
| Interest cover | -2.50x |
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
- Consolidated group
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“As such there is a material uncertainty related to events or conditions that may cast significant doubt on the group's ability to continue as a going concern and, therefore, that it may be unable to realise its assets and discharge its liabilities as they fall due in the normal course of business.”
Group structure
- PIRATE STUDIOS LIMITED · parent
- Pirate Studios LLC 100%
- Pirate Studios GmbH 100%
Significant events
- “Since the year end the Group has received additional bridge loan funding totalling $1,500,000.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ANDREWS, Simon Charles, Brockman | Director | 2023-10-19 | Nov 1973 | British |
| BORRIE, David Andrew | Director | 2015-07-03 | Apr 1984 | English |
| KWAN, Shu Wang | Director | 2023-10-19 | Aug 1975 | Chinese |
| KYLE, Roland | Director | 2023-10-19 | Feb 1974 | Irish |
| SOLBERG, Eric | Director | 2023-10-19 | Dec 1967 | American |
| TECK, Herbin Koh Puay | Director | 2019-05-17 | Mar 1992 | Singaporean |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WATSON-GLASS, Jessica | Secretary | 2026-03-19 | 2026-03-30 |
| DE JESUS, Matthew Laurence Jardim | Director | 2019-05-17 | 2023-10-19 |
| FOCA, Vasile | Director | 2015-07-29 | 2019-05-17 |
| HAMMERTON, Michael | Director | 2015-07-15 | 2023-10-19 |
| MAAR, Matus | Director | 2015-07-29 | 2023-10-19 |
| WILLIAMS, Thomas Spencer | Director | 2015-07-29 | 2017-02-22 |
| WYATT, David | Director | 2015-07-15 | 2016-10-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Goodwin Gaw | Individual | Significant influence | 2024-06-03 | Active |
| Mr Kenneth Gaw | Individual | Significant influence | 2024-06-03 | Active |
| Mr David Andrew Borrie | Individual | Shares 50–75% | 2016-04-06 | Ceased 2017-03-02 |
Filing timeline
Last 20 of 140 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-06-27 RESOLUTIONS Resolution
- 2024-06-17 MA Memorandum articles
- 2024-06-17 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-07 | AA | accounts | Accounts with accounts type group | |
| 2026-08-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-08-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-30 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-03-19 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-03-12 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-12-18 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-08-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type group | |
| 2024-07-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-10 | SH01 | capital | Capital allotment shares | |
| 2024-06-27 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-24 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-06-24 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-06-22 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2024-06-21 | SH10 | capital | Capital variation of rights attached to shares | |
| 2024-06-20 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2024-06-17 | MA | incorporation | Memorandum articles | |
| 2024-06-17 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-17 | SH08 | capital | Capital name of class of shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- 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.