The Accounts UK companies data PSC snapshot 2026-06-10
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UK-visible control · private-equity firm

Palatine Private Equity

UK companies whose ownership chain resolves to Palatine Private Equity, via 10 matched control vehicles. Two views: every company where the firm is a significant-control PSC, and the narrower set it majority-controls.

Palatine Private Equity is an independent Manchester-based private equity firm founded in 2005, previously known as Zeus Private Equity. It invests in UK-based profitable mid-market companies, with a focus on value creation through buy-and-build strategies, operational improvement and ESG-led investing across sectors including financial services, TMT, business outsourcing, healthcare and consumer and leisure. Sources describe it as a PE house with a dedicated impact fund launched in 2017; no firm AUM figure is stated in the provided evidence.

External profile · [1] [2] [3] [4]

Majority control

≥50% shares/votes or board control

£123m

turnover · full accounts of controlled companies

Companies
56
Employees
1,776
PBT
£-3m

All disclosed control

incl. minority (≥25%) PSC stakes

£176m

turnover · 263 companies

Employees
2,076
With accounts
46 (17%)

Control structure

Majority control · top platforms by turnover · 56 companies controlled in total

Platforms are the firm's accounts-filing holdings; figures are their (consolidated) turnover. Subsidiaries beneath them are already inside that total — shown for structure, not added again.

Largest UK holdings (2026)

Majority control · by turnover · 12 have filed accounts

Company PSC control Turnover PBT Emp.
BUTTERCUP TOPCO LIMITED controlled directly · every link ≥50% 50–75% £58m £-2m 1,004
CYBERFORT LIMITED controlled via 3 hops · every link ≥75% 75–100% £22m £-987,391 153
ICE TRAVEL GROUP LIMITED controlled via 2 hops · every link ≥50% 50–75% £19m £-188,686 58
VERDANT LEISURE LIMITED controlled via 2 hops · every link ≥50% 75–100% £14m £600,000 132
E P I LIMITED controlled via 2 hops · every link ≥50% 75–100% £9m £-129,560 27
LEEP GROUP LIMITED controlled directly · every link ≥75% — £32,008 £-1,959 402

How this is built — and its limits

  • Control, not ownership. PSC filings disclose significant control (≥25% shares/votes, board rights, significant influence) — not economic ownership. We never assert a cap table.
  • "PSC control" is a band, not an exact stake. Companies House discloses control only in ranges (25–50%, 50–75%, 75–100%), and we show the stronger of the share or voting band on the holding's nearest disclosed edge — the firm's own stake for directly-held companies, the immediate intermediate's for those held through a chain. A band below 50% (or a blank —) here means control rests on board-appointment rights or significant influence rather than a majority shareholding — common in PE structures.
  • Every holding is chain-verified. The line under each company ("controlled via N hops · every link ≥X%") is the shortest PSC control chain we found from Palatine Private Equity's vehicles down to it — each hop a real public ownership disclosure. Where a company is also controlled by another tracked firm, that's flagged inline.
  • Full accounts, not apportioned. A controlled company's figures are counted in full, not scaled by stake. A jointly-controlled asset counts fully under each controller.
  • No double-counting. Where a consolidated parent and its subsidiaries both file, only the topmost is counted.
  • Coverage is a floor. Only 12 of 56 majority-controlled companies file detailed accounts in our enriched set, so totals understate the true portfolio.
  • UK-visible only. Chains that exit to Jersey, Guernsey or other registries terminate there — we can't follow beyond the UK.