FENDER MUSICAL INSTRUMENTS EUROPE LIMITED

1. FENDER MUSICAL INSTRUMENTS EUROPE LIMITED 1996-01-31 → present
2. DALGATE LIMITED 1995-11-16 → 1996-01-31

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 financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons: The company meets its day to day working capital requirements from balances to and from companies in the group headed by Fender Musical Instruments Corporation (see notes 13 and 15). A significant proportion of the company's turnover relates to the distribution of products manufactured by and purchased from those companies. Therefore, intercompany amounts are generally trading balances, on mutually acceptable terms in the normal course of business that are repayable on demand, although they have not historically been demanded. In assessing the going concern basis, the directors have reviewed the company's profit and cash forecast under a base case and severe but plausible downside case. Based on these sales forecasts, the company would have positive net current assets and net assets at the end of December 2026. Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 18 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Significant events

• “New product launches such as the Player II and Ultra II electric guitars, coupled with limited edition Artist guitar launches and the launch of the new PreSonus Quantum interface range, were successfully received by our customers and end consumers.”
• “Mid-year ERP system migration from AS400 to SAP, aligning with Fender's corporate platform.”
• “In 2025, the company has launched the Fender Standard Series as well as the Acoustasonic Series which offers hybrid acoustic-electric performance at a more affordable price point. Additionally, Fender has introduced the Link I/O Interface, a compact, studio-grade audio interface designed for musicians on the go, in addition to the Fender Studio app, a free multitrack recording platform featuring simulations of iconic Fender amplifiers and effects.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -9.9%

  £39,364,000 → £35,470,000

• Cash

  +206.3%

  £2,082,000 → £6,378,000

• Net assets

  +32.6%

  £3,229,000 → £4,281,000

• Employees

  -1.8%

  113 → 111

• Operating profit

  -10.2%

  £1,712,000 → £1,537,000

• Profit before tax

  -14.8%

  £1,706,000 → £1,453,000

• Wages

  +5.1%

  £5,672,000 → £5,960,000

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