PATEK PHILIPPE UK LIMITED
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Next accounts due
2026-10-31 (in 5mo)
Last filed for 2025-01-31
Confirmation statement due
2026-11-25 (in 6mo)
Last made up 2025-11-11
Watchouts
None on the register
Cash
£22M
-26.4% vs 2024
Net assets
£35M
-7.4% vs 2024
Employees
95
+5.6% vs 2024
Profit before tax
£24M
+19.6% vs 2024
Name history
Renamed 3 times since incorporation — the current trading name was adopted 2025-03-03
- PATEK PHILIPPE UK LIMITED 2025-03-03 → present
- RHONE PRODUCTS (UK) LIMITED 1988-11-09 → 2025-03-03
- PATEK PHILIPPE (U.K.) LIMITED 1979-12-31 → 1988-11-09
- PLIMMER LIMITED 1946-05-10 → 1979-12-31
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2025-01-31
| Metric | Trend | 2024-01-31 | 2025-01-31 |
|---|---|---|---|
| Turnover | £237,905,365 | £271,130,904 | |
| Operating profit | £20,414,179 | £24,418,833 | |
| Profit before tax | £20,330,922 | £24,323,776 | |
| Net profit | £14,767,853 | £17,231,174 | |
| Cash | £29,274,723 | £21,539,166 | |
| Total assets less current liabilities | £38,199,038 | £35,422,003 | |
| Net assets | £37,455,304 | £34,686,478 | |
| Equity | £37,455,304 | £34,686,478 | |
| Average employees | 90 | 95 | |
| Wages | £5,728,389 | £6,265,396 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-01-31 | 2025-01-31 |
|---|---|---|---|
| Operating margin | 8.6% | 9.0% | |
| Net margin | 6.2% | 6.4% | |
| Return on capital employed | 53.4% | 68.9% | |
| Current ratio | 1.68x | 1.39x | |
| Interest cover | 526.45x | 20031.86x |
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
- Auditor
- Rouse Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- PATEK PHILIPPE UK LIMITED · parent
- Patek Philippe Salon Limited 100%
Significant events
- “On 3 March 2025, the Board of Directors passed a special resolution to change the company's name from Rhone Products (UK) Limited to Patek Philippe UK Limited to align it with Patek Philippe companies internationally.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BERNASCONI, Laurent | Director | 2024-07-01 | Oct 1972 | Swiss |
| LURSHAY, Adrian | Director | 2020-01-01 | May 1961 | British |
| STERN, Thierry Henri | Director | 2003-02-01 | Jul 1970 | Swiss |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BELTON, Douglas William | Secretary | — | 2000-06-30 |
| HEARN, Andrew Mark | Secretary | 2000-06-30 | 2020-08-12 |
| BELTON, Douglas William | Director | — | 2000-06-30 |
| HEARN, Andrew Mark | Director | 2000-06-30 | 2021-12-10 |
| PENY, Claude | Director | 2000-06-09 | 2024-07-01 |
| STERN, Henri | Director | — | 2002-09-19 |
| STERN, Philippe | Director | — | 2009-08-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Thierry Henri Stern | Individual | Shares 75–100%, Voting 75–100% | 2016-06-01 | Active |
Filing timeline
Last 20 of 130 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-03-03 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-11 | CH01 | officers | Change person director company with change date | |
| 2025-10-22 | AA | accounts | Accounts with accounts type group | |
| 2025-03-03 | CERTNM | change-of-name | Certificate change of name company | |
| 2024-11-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-25 | AA | accounts | Accounts with accounts type group | |
| 2024-07-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-24 | CH01 | officers | Change person director company with change date | |
| 2023-11-24 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-11-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-31 | AA | accounts | Accounts with accounts type group | |
| 2022-12-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-25 | AA | accounts | Accounts with accounts type group | |
| 2022-01-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-05 | TM01 | officers | Termination director company with name termination date | |
| 2021-10-15 | AA | accounts | Accounts with accounts type group | |
| 2021-02-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-10-29 | AA | accounts | Accounts with accounts type group | |
| 2020-08-20 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- 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.
Year-on-year
FY2024 → FY2025 · period ending 2025-01-31 vs 2024-01-31
-
Turnover
+14%
£237,905,365 £271,130,904
-
Cash
-26.4%
£29,274,723 £21,539,166
-
Net assets
-7.4%
£37,455,304 £34,686,478
-
Employees
+5.6%
90 95
-
Operating profit
+19.6%
£20,414,179 £24,418,833
-
Profit before tax
+19.6%
£20,330,922 £24,323,776
-
Wages
+9.4%
£5,728,389 £6,265,396
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