PRINCES GROUP PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-17 (in 1y)
Last made up 2026-05-03
Watchouts
Cash
£229M
Latest balance sheet
Net assets
£175M
Equity attributable
Employees
2,277
Average over period
Profit before tax
-£2M
Period ending 2024-12-31
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.
Name history
Renamed 4 times since incorporation — the current trading name was adopted 2025-08-11
- PRINCES GROUP PLC 2025-08-11 → present
- PRINCES GROUP LIMITED 2025-08-11 → 2025-08-11
- PRINCES LIMITED 1989-10-12 → 2025-08-11
- PRINCES HOLDING LIMITED 1989-03-08 → 1989-10-12
- MITOPEN LIMITED 1988-12-15 → 1989-03-08
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2024-03-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £1,423,131,000 | £1,083,116,000 | |
| Operating profit | £9,078,000 | £19,993,000 | |
| Profit before tax | -£18,178,000 | -£2,395,000 | |
| Net profit | -£17,004,000 | -£4,342,000 | |
| Cash | £4,494,000 | £229,052,000 | |
| Total assets less current liabilities | £464,637,000 | £583,176,000 | |
| Net assets | £202,178,000 | £174,786,000 | |
| Equity | £202,178,000 | £174,786,000 | |
| Average employees | 2,275 | 2,277 | |
| Wages | £102,887,000 | £79,089,000 |
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 | 2024-03-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 0.6% | 1.8% | |
| Net margin | -1.2% | -0.4% | |
| Return on capital employed | 2.0% | 3.4% | |
| Gearing (liabilities / total assets) | 80.0% | 84.6% | |
| Current ratio | 0.83x | 1.08x | |
| Interest cover | 0.32x | 0.87x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having made reasonable enquiries the directors are of the opinion that the company has sufficient resources to continue in operational existence for at least the 12 months from the date of signing. The company has improved profitability and the net cash position in the year, with a net asset position of £174,786,000 as at December 2024. This profitability from day-to-day operations is expected to continue to improve into the future. Additionally, in relation to the company's recent purchase of the Royal Liver Building, a 5-year loan facility has been entered into, which provides for an annual repayment of 10% starting from July 2026, and quarterly interest at a variable rate (3-month rate + 1.9%). The directors assure that the company is positioned to meet its covenant requirements associated with this new facility. However, as a result of the company's funding structure, NewPrinces have issued a letter of support for the company to provide financial support for a period of at least 12 months. The directors have assessed the ability of NewPrinces to support the company and have concluded they have the ability to do so. As a result, the directors have concluded it is appropriate to continue to adopt the going concern basis in preparation of the financial statements.”
Group structure
- PRINCES GROUP PLC · parent
- Princes Tuna (Mauritius) Limited 51%
- Indico Canning Limited 68%
- Princes Foods BV 100%
- Princes Industrie Alimentari Srl 100%
- West Yorkshire Industrial Estates (Management) Limited 56%
- Princes Holding Rotterdam BV 100%
Significant events
- “On 27 May 2024, Mitsubishi Corporation sold the entire Princes Group to NewPrinces S.p.A (formerly Newlat Food S.p.A). The acquisition of Princes Limited included a change in the financial year end from the end of March to end of December, resulting in a shortened current reporting period of 9 months.”
- “On 1 January 2025, Symington's Limited transferred the activities related to Instant Noodles business unit assets to Princes Limited by way of a business unit lease agreement.”
- “On 21 July 2025, Princes Limited purchased both the Royal Liver Building and the Cross Green site. In relation to the purchase of the Royal Liver Building, the company has taken out a 5-year loan which provides for an annual repayment of 10% starting from July 2026 and quarterly interest at a variable rate (3-month rate + 1.9%).”
- “Additionally, and with the ongoing listing process on the London Stock Exchange, Princes Limited intends to acquire 100% of the shares of Princes France Sas, Newlat GmbH, and Symington's Limited from the majority shareholder NewPrinces SpA. The acquisitions will be effective upon completion of the listing process.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 81 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PRISM COSEC LIMITED | Corporate Secretary | 2025-10-01 | — | — |
| FAZZARI, Fabio | Director | 2024-07-30 | May 1978 | Italian |
| GEORGE, Louise Joan | Director | 2025-10-01 | Jun 1965 | British |
| GOSNELL, David | Director | 2025-10-01 | May 1957 | British |
| HARRISON, Simon | Director | 2023-06-01 | Dec 1970 | British |
| MAIN, Linda Jane | Director | 2025-10-01 | Sep 1962 | British |
| MASTROLIA, Angelo | Director | 2024-07-30 | Dec 1964 | Italian |
| MASTROLIA, Benedetta | Director | 2024-07-30 | Oct 1995 | Italian |
| MASTROLIA, Giuseppe | Director | 2024-07-30 | Feb 1989 | Italian |
Show 81 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AKIYOSHI, Takanori | Secretary | — | 1996-02-26 |
| ITO, Kazuo | Secretary | 2001-05-08 | 2007-04-01 |
| MASTROLIA, Benedetta | Secretary | 2024-07-30 | 2025-07-31 |
| NARITA, Koichi | Secretary | 1996-02-26 | 2001-05-08 |
| O'BRIEN, Victoria | Secretary | 2025-07-31 | 2025-10-02 |
| ODA, Manabu | Secretary | 2007-04-01 | 2018-04-01 |
| OKURA, Tatsuo | Secretary | 2022-04-01 | 2024-03-01 |
| SUEMATSU, Kazuhito | Secretary | 2024-03-01 | 2024-07-30 |
| SUEMATSU, Kazuhito, Mr. | Secretary | 2018-04-01 | 2022-04-01 |
| ABE, Hironobu | Director | 2001-04-30 | 2003-04-01 |
| AKIYOSHI, Takanori | Director | 2001-04-30 | 2002-07-19 |
| AKIYOSHI, Takanori | Director | — | 1996-02-26 |
| ARAKAWA, Takeshi, Mr. | Director | 2018-04-01 | 2021-04-01 |
| CARDALL, Stephen David | Director | 2017-04-01 | 2024-06-28 |
| CRITCHLEY, Kenneth David | Director | 1997-04-30 | 2015-05-31 |
| EASTERBROOK, Michael William Spicer | Director | 2005-02-22 | 2017-03-31 |
| FUJIMOTO, Kozo | Director | 1993-05-01 | 1995-04-01 |
| GOODWIN, John Charles | Director | 2002-01-14 | 2007-12-12 |
| GOTO, Masaharu | Director | 1997-04-30 | 2002-03-28 |
| HARRISON, John David | Director | 1999-04-01 | 2002-06-30 |
| HAYASHI, Haruki, Mr. | Director | 2013-04-01 | 2018-04-01 |
| HISHIDA, Kunio | Director | 2011-04-01 | 2013-04-01 |
| IGARASHI, Akiyuki | Director | 2007-04-01 | 2009-04-01 |
| INOUE, Takeshi | Director | 2000-04-01 | 2005-10-19 |
| ITO, Kazuo | Director | 2021-04-01 | 2023-04-01 |
| ITO, Kazuo | Director | 2015-04-01 | 2017-03-31 |
| ITO, Kazuo | Director | 2001-05-08 | 2019-01-09 |
| IWAMOTO, Tsuguo | Director | 1992-09-08 | 1996-02-15 |
| JOLLY, Tim | Director | 2002-01-14 | 2008-01-17 |
| KANO, Isao | Director | 2018-04-01 | 2020-04-01 |
| KATAYAMA, Yoshinori | Director | 2020-04-01 | 2022-04-01 |
| KATO, Wataru | Director | 2019-01-09 | 2021-04-01 |
| KATO, Wataru | Director | 2010-05-01 | 2012-11-01 |
| KAWAMATA, Mitsuro | Director | 2023-04-01 | 2024-07-30 |
| KIJIMA, Tsunao | Director | 1997-04-30 | 2009-04-01 |
| KOBAYASHI, Hironori | Director | 2014-04-01 | 2015-07-06 |
| KOBAYASHI, Shigeki | Director | 1999-10-01 | 2002-03-20 |
| KOBAYASHI, Shunichiro | Director | 2008-05-01 | 2010-05-01 |
| KOBAYASHI, Shunichiro | Director | 2003-05-21 | 2007-04-01 |
| MACKINTOSH, Cameron John | Director | 2009-11-01 | 2024-04-08 |
| MACKINTOSH, John Anthony David | Director | — | 1997-12-31 |
| MASU, Kazuyuki | Director | 2011-04-01 | 2013-04-01 |
| MATSUYAMA, Enshiro | Director | — | 1993-06-29 |
| MILLEN, Trevor | Director | 2002-07-29 | 2009-06-12 |
| MISU, Kazuyasu | Director | 2014-04-01 | 2016-03-28 |
| MISU, Kazuyasu | Director | 2009-04-01 | 2011-04-01 |
| MUTCH, John Ashton | Director | 1997-04-30 | 2001-05-22 |
| NAKADE, Yoshiaki | Director | — | 1993-05-01 |
| NAKAHARA, Hideto | Director | 2003-04-01 | 2006-04-01 |
| NAKANIWA, Satoshi | Director | 2022-06-01 | 2024-07-30 |
| NAKAYAMA, Hiroaki | Director | 2013-04-01 | 2014-04-01 |
| NARITA, Koichi | Director | 2006-04-01 | 2009-04-01 |
| NARITA, Koichi | Director | 1996-02-26 | 2003-06-17 |
| NATSUMURA, Shigeaki | Director | 1998-09-01 | 2000-04-01 |
| NISHIOKA, Ryozo | Director | 2002-03-20 | 2004-04-29 |
| NOMURA, Masahiro | Director | 1996-02-15 | 2001-04-30 |
| ODA, Manabu | Director | 2007-04-01 | 2022-04-01 |
| OKURA, Tatsuo | Director | 2022-04-01 | 2024-03-01 |
| ONO, Kenji | Director | 2016-04-01 | 2018-04-01 |
| ONOSE, Takashi | Director | 2012-11-01 | 2013-04-01 |
| ONUMA, Naoto | Director | 2013-04-01 | 2015-04-01 |
| PRICE, Craig Derek | Director | 2017-04-01 | 2019-06-30 |
| SADAHIRO, Tadashi | Director | 1996-04-01 | 1998-09-01 |
| SHIMAZU, Yoshihiro | Director | 2017-04-01 | 2022-04-01 |
| SHIMOYOSHI, Hirotaka | Director | 1996-04-01 | 1999-10-01 |
| SPRUYT, Nicholas John | Director | 2006-01-01 | 2021-04-01 |
| SUEMATSU, Kazuhito | Director | 2018-04-01 | 2024-07-30 |
| TAKADA, Akihiko | Director | 2022-04-01 | 2024-07-30 |
| TAKAHASHI, Masaki | Director | — | 1993-03-26 |
| TAKANOSE, Tsutomu | Director | 2013-04-01 | 2014-04-01 |
| TAKEDA, Shinichi | Director | 2002-07-19 | 2003-10-01 |
| TAKEMOTO, Kazumi | Director | 1993-03-26 | 1996-09-10 |
| TERADA, Tetsuro | Director | 2009-04-01 | 2013-04-01 |
| UCHIDA, Ryoichi | Director | 2009-04-01 | 2011-04-01 |
| UEDA, Isao | Director | — | 1992-09-08 |
| YAMADA, Yasuhiro | Director | 2016-03-28 | 2018-04-01 |
| YAMAGUCHI, Kanji | Director | 1995-04-01 | 1997-04-30 |
| YODA, Makoto | Director | 2003-12-01 | 2006-09-30 |
| YOSHIKAWA, Tetsuo | Director | — | 1996-04-01 |
| YOSHIZAWA, Yoshihito | Director | 2004-04-29 | 2007-04-01 |
| ZAIZEN, Hiroshi | Director | 1993-06-29 | 1996-05-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Newprinces S.P.A | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-07-30 | Active |
| Mitsubishi Corporation | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2024-07-30 |
Filing timeline
Last 20 of 330 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-11-17 MA Memorandum articles
- 2025-11-12 MA Memorandum articles
- 2025-11-03 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-11-17 | MA | incorporation | Memorandum articles | |
| 2025-11-13 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-11-12 | MA | incorporation | Memorandum articles | |
| 2025-11-07 | SH01 | capital | Capital allotment shares | |
| 2025-11-05 | AD03 | address | Move registers to sail company with new address | |
| 2025-11-05 | AD02 | address | Change sail address company with new address | |
| 2025-11-03 | RESOLUTIONS | resolution | Resolution | |
| 2025-11-03 | SH02 | capital | Capital alter shares subdivision | |
| 2025-10-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-09 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-10-09 | AA | accounts | Accounts with accounts type full | |
| 2025-10-08 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-10-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-20 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-08-20 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-08-11 | BS | accounts | Accounts balance sheet | |
| 2025-08-11 | AUDS | auditors | Auditors statement | |
| 2025-08-11 | AUDR | auditors | Auditors report |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 2
- Officers appointed
- 4
- Officers resigned
- 2
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 → FY2024 · period ending 2024-12-31 vs 2024-03-31