PIMCO EUROPE LTD

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. PIMCO EUROPE LTD 2000-01-21 → present
2. PIMCO EUROPE LIMITED 1999-12-02 → 2000-01-21
3. PIMCO GLOBAL ADVISORS (EUROPE) LIMITED 1998-03-18 → 1999-12-02
4. OPPENHEIMER CAPITAL LIMITED 1991-06-10 → 1998-03-18
5. HACKREMCO (NO.681) LIMITED 1991-04-24 → 1991-06-10

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

Affirmed

“The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis for the preparation of the annual financial statements.”

Significant events

• “On 1 April 2024, the company entered into a transaction with the UK branch of PGA Global Services LLC ("PGA"), a PIMCO group company, whereby PGA acquired certain assets and liabilities of the company as well as the company transferring all of its employees to PGA.”
• “On 2 September 2024, the agreement for a 15-year lease on a new London office building, entered on 24 February 2023, was assigned to PGA, eliminating the company's remaining commitment.”
• “In January 2024, the company began investing surplus cash into UK government bonds with maturities of less than two years to support regulatory liquidity requirements.”
• “From an investment perspective, the change in U.S. leadership increases global economic uncertainty in 2025, potentially reshaping trade relationships and altering economic dynamics worldwide.”
• “Geopolitical tension from conflicts in Ukraine and the Middle East continue to cause uncertainty for global security and market disruption, with repercussions difficult to predict.”
• “The rise of generative Artificial Intelligence (AI) may bring new risks but also new opportunities to the company and the asset management sector, with efforts in place to monitor the developing situation.”

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

3

last 12 months

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

• Turnover

  -6.5%

  £515,838,000 → £482,384,000

• Cash

  -37%

  £79,403,000 → £50,039,000

• Net assets

  -8.6%

  £175,719,000 → £160,545,000

• Employees

  -75.4%

  394 → 97

• Operating profit

  -39.8%

  £118,107,000 → £71,080,000

• Profit before tax

  -38.1%

  £119,408,000 → £73,944,000

• Wages

  -72.6%

  £193,512,000 → £52,959,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers