TURNER BROADCASTING SYSTEM EUROPE LIMITED

• ⚠

  Material uncertainty over going concern

  Although the directors currently have no reason to believe that the Company will be unable to continue as a going concern post the transactions, the inability to fully assess the future financial and operational framework of the Company following the transactions, including any future refinancing, indicates a material uncertainty which may cast significant doubt on the Company's ability to continue as a going concern.

• ◆

  3 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. TURNER BROADCASTING SYSTEM EUROPE LIMITED 2000-01-05 → present
2. TURNER BROADCASTING SYSTEM EUROPED 2000-01-04 → 2000-01-05
3. TURNER BROADCASTING SYSTEM EUROPE DISTRIBUTION LIMIT 1997-07-17 → 2000-01-04
4. TURNER INTERNATIONAL NETWORK SALES LIMITED 1993-07-13 → 1997-07-17
5. CNN INTERNATIONAL SALES LIMITED 1987-01-28 → 1993-07-13
6. TURNER BROADCASTING INTERNATIONAL LIMITED. 1985-10-30 → 1987-01-28
7. BURGINHALL 9 LIMITED 1985-07-02 → 1985-10-30

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Although the directors currently have no reason to believe that the Company will be unable to continue as a going concern post the transactions, the inability to fully assess the future financial and operational framework of the Company following the transactions, including any future refinancing, indicates a material uncertainty which may cast significant doubt on the Company's ability to continue as a going concern.”

Group structure

1. TURNER BROADCASTING SYSTEM EUROPE LIMITED · parent
   1. Turner Broadcasting System Italia srl 100% · Italy · marketing services and consultancy
   2. Turner Broadcasting System Deutschland GmbH 100% · Germany · marketing services and consultancy
   3. Turner Broadcasting System France SAS 100% · France · marketing services and consultancy
   4. Turner Broadcasting System España, S.L. 100% · Spain · marketing services and consultancy
   5. Turner Broadcasting System Denmark ApS 100% · Denmark · marketing services and consultancy
   6. Turner Broadcasting System Arabia FZ-LLC 100% · United Arab Emirates · marketing services and consultancy
   7. Turner Broadcasting System Limited Liability Company 0% · Russia
   8. TNT Televizyon Produksiyon Limited Sirketi 25.42% · Turkey · holding company
   9. EDA Televizyon Yayincilik ve Produksiyon Anonim Sirketi 0.02% · Turkey · cartoon television channel
   10. Turner Broadcasting System Poland Sp z.o.o. 99% · Poland
   11. Hanna-Barbera Studios Europe Limited 100% · United Kingdom · video production
   12. Turner Nordic Holding AB 100% · Sweden · television channels primarily in Nordic countries, Baltic States, Benelux and Africa. An ad sales function.
   13. Turner Nordic and Baltic AB 100% · Sweden · television channels primarily in Nordic countries, Baltic States, Benelux and Africa. An ad sales function.
   14. NonStop Sales AB 100% · Sweden · television channels primarily in Nordic countries, Baltic States, Benelux and Africa. An ad sales function.
   15. Boing S.p.A 49% · Italy
   16. Ninth Floor UK Productions Limited 100% · United Kingdom
   17. TBS Istanbul Yayincilik ve Produksiyon Anonim Sirketi 25.42% · Turkey · cartoon television channel
   18. Turner South Africa (Pty) Limited 100% · South Africa · advertising sales function
   19. WarnerMedia Amsterdam B.V. 100% · Netherlands
   20. Cheeky Pint Productions Limited 100% · United Kingdom
   21. Magical Beginnings Productions Limited 100% · United Kingdom
   22. Warner Media Direct Televizyon Yayincilik Anonim Sirketi 25.42% · Turkey
   23. TWC R&D-Hungary Kft. 0% · Hungary
   24. Bright Little Labs Limited 34.24% · United Kingdom
   25. Copa90 Limited 16% · United Kingdom · video production

Significant events

• “On 25 November 2024, Turner Broadcasting System Holdings (Europe) Limited owned 100% of the shares in the Company, subsequently as a part of a global structural integration and restructuring within the Group, it contributed its entire shares in the Company to a fellow group company (Time Warner London Limited).”
• “On 9 June 2025, the ultimate parent company, WBD Inc., announced that the Board has decided to separate WBD Inc. into two independent companies - each with its own leadership, strategy, and operational direction as well as distinct publicly traded entities: Warner Bros. and Discovery Global.”
• “On 21 October 2025, the WBD Inc. board of directors announced it has initiated a review of strategic alternatives to maximize shareholder value, in light of unsolicited interest WBD Inc. had received from multiple parties for both the entire company and WBD Inc.”
• “On 5 December 2025, Netflix, Inc. and WBD Inc. announced they have entered into a definitive agreement under which Netflix will acquire Warner Bros. including its film and television studios, HBO Max and HBO.”
• “On 8 December 2025, Paramount Skydance Corporation (NASDAQ: PSKY) commenced an unsolicited tender offer to acquire all of the outstanding shares of WBD Inc. common stock.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -11.6%

  £275,259,189 → £243,357,316

• Cash

  +93.9%

  £45,047,677 → £87,352,635

• Net assets

  +13.5%

  £395,897,191 → £449,256,241

• Employees

  -6.6%

  423 → 395

• Operating profit

  -13.4%

  £49,626,387 → £42,985,437

• Profit before tax

  -2.7%

  £52,651,699 → £51,243,065

• Wages

  -23.8%

  £44,270,978 → £33,750,867

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