MULLENLOWE PROFERO LIMITED

Company number

03534827

Status

Active

Incorporation

1998-03-25

Last accounts made up

2024-12-31

Account category

FULL

Primary SIC

62090

Hubs

UK AI & Enterprise SaaS

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“On 9 December 2024, it was announced that The Interpublic Group of Companies, Inc ("IPG") board of directors unanimously approved a definitive agreement pursuant to which Omnicom Group Inc. ("Omnicom") will acquire IPG, the Company's ultimate parent undertaking and controlling party. Assuming the process continues in line with the director's expectations, the transaction is forecast to complete in the second half of 2025, which is within twelve months of the approval of these financial statements. On 18 March 2025, IPG and Omnicom confirmed that shareholders of both companies had approved the transaction. However, completion remains subject to regulatory approvals. The Company's directors will not have the ability to control the acquired group post completion of the transaction and at the date of signing these financial statements do not have any certainty and knowledge of the future intentions, strategy, and funding plans in relation to the Company. These conditions create a material uncertainty which may impact the Company's future operations, and which may cast significant doubt upon its ability to continue as a going concern for the coming 12 months from the date of the directors signing these financial statements.”

Subsidiaries

• Interpublic Group Sweden AB · 100% held · Sweden
• MullenLowe Profero HK Limited · 100% held · China
• Shanghai Blue Flying Fish Advertising Co. Ltd · 100% held · China
• Interpublic Legacy Company AB · 100% held · Sweden
• Interpublic Worldgroup Sweden AB · 100% held · Sweden
• IPG Mediabrands AB · 100% held · Sweden
• Kinesso Sweden AB · 100% held · Sweden

Significant events

• “On 9 December 2024, it was announced that The Interpublic Group of Companies, Inc ("IPG") board of directors unanimously approved a definitive agreement pursuant to which Omnicom Group Inc. ("Omnicom") will acquire IPG, the Company's ultimate parent undertaking and controlling party.”
• “On 18th March 2025, both The Interpublic Group of Companies, Inc. and Omnicom Inc. confirmed that their shareholders had approved the merger of the two companies. However, completion of the transaction remains subject to regulatory approvals.”

Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers