PRODUCTION RESOURCE GROUP (EUROPE) LIMITED

1. PRODUCTION RESOURCE GROUP (EUROPE) LIMITED 1999-09-01 → present
2. LIGHT & SOUND DESIGN HOLDINGS LIMITED 1995-04-18 → 1999-09-01
3. MANORDEGREE LIMITED 1995-02-21 → 1995-04-18

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

Consolidated group

Auditor

MHA

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“On this basis, the directors believe that the group and company is well-positioned to continue as a going concern and accordingly prepared these financial statements on a going concern basis. At 31 December 2024, the group had net liabilities of £28,741,968 and net current liabilities of £4,031,392. Directors assessed ability to continue as going concern considering challenges in events industry, pricing erosion, lower EBITDA, US dollar exchange losses, and new ultimate parent company financial support.”

Group structure

1. PRODUCTION RESOURCE GROUP (EUROPE) LIMITED · parent
   1. Production Resource Group UK Holdings Limited 100% · England · Intermediate holding company
   2. Production Resource Group UK Limited 100% · England · Provision of hire of lighting equipment and the provision of ancillary services

Significant events

• “In 2024 the events industry stabilised following the slow down in activity experienced in 2023, which itself was a result of the market correcting itself following a rush of post covid activity.”
• “Part of the growth in business during the year related to equipment purchased in Q1 from a complementary business which was in administration, with some business opportunities also developing from this equipment purchase.”
• “During the year the business entered into a sale and leaseback arrangement involving assets with NBV of approximately £10.5m.”
• “Certain errors and duplications relating to previous years were identified during the year and corrected. The detail and quantum of the adjustments is contained in note 29 to these financial statements.”
• “During 2024 the ultimate Parent Company entered into a new Revolving Credit facility, amending its Term loan agreement by extending maturity dates and securing additional lending through to August 2029.”
• “Post year end the ultimate controlling party became FS KKR Capital Corporation, by virtue of its majority shareholding in the new ultimate parent company, PRG TopCo 2025 LLC.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  +10.4%

  £55,296,423 → £61,057,574

• Cash

  -10.4%

  £3,221,064 → £2,887,079

• Net assets

  -0.6%

  -£28,418,374 → -£28,580,680

• Employees

  +8.4%

  190 → 206

• Operating profit

  +415.3%

  -£862,755 → £2,720,335

• Profit before tax

  +51.3%

  -£2,109,515 → -£1,027,540

• Wages

  +18%

  £7,558,891 → £8,919,873

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