MULLENLOWE PROFERO LIMITED

• ⚠

  Material uncertainty over going concern

  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.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. MULLENLOWE PROFERO LIMITED 2016-01-22 → present
2. LOWE PROFERO LIMITED 2014-01-24 → 2016-01-22
3. PROFERO LIMITED 1999-01-12 → 2014-01-24
4. NEW MEDIA TARGETING LIMITED 1998-03-25 → 1999-01-12

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

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.”

Group structure

1. MULLENLOWE PROFERO LIMITED · parent
   1. Interpublic Group Sweden AB 100% · Sweden
   2. MullenLowe Profero HK Limited 100% · China
   3. Shanghai Blue Flying Fish Advertising Co. Ltd 100% · China
   4. Interpublic Legacy Company AB 100% · Sweden
   5. Interpublic Worldgroup Sweden AB 100% · Sweden
   6. IPG Mediabrands AB 100% · Sweden
   7. Kinesso Sweden AB 100% · 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 and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

1

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  -46.7%

  £3,953,000 → £2,106,000

• Net assets

  -192.1%

  £1,047,000 → -£964,000

• Employees

  —

  Not reported

• Operating profit

  -31%

  £42,000 → £29,000

• Profit before tax

  -94.3%

  -£8,230,000 → -£15,989,000

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