PIAS HOLDING (UK) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-27 (in 7mo)
Last made up 2025-12-13
Watchouts
Cash
£1K
0% vs 2023
Net assets
-£6M
+8.5% vs 2023
Employees
44
0% vs 2023
Profit before tax
£589K
+12.8% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £7,395,000 | £8,061,000 | |
| Operating profit | £770,000 | £875,000 | |
| Profit before tax | £522,000 | £589,000 | |
| Net profit | £522,000 | £589,000 | |
| Cash | £1,000 | £1,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | -£6,963,000 | -£6,374,000 | |
| Equity | -£6,963,000 | -£6,374,000 | |
| Average employees | 44 | 44 | |
| Wages | £2,403,000 | £2,833,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 10.4% | 10.9% | |
| Net margin | 7.1% | 7.3% | |
| Current ratio | 0.84x | 0.87x | |
| Interest cover | 2.12x | 2.36x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- S&W Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In addition, the group's intermediary parent company, Gala Holdings SRL, has confirmed it will continue to provide financial support for a period of at least twelve months from the date of approval of the financial statements to the UK group, specifically that they will not require reimbursement of outstanding intercompany balances for that period if this would cause financial hardship for the Company or wider UK group.”
Group structure
- PIAS HOLDING (UK) LIMITED · parent
- Fat Cat Records Limited 100%
- PIAS Recordings UK Limited 100%
- PIAS UK Limited 100%
- PIAS/Wall of Sound Limited 100%
- Indie Mobile Limited 100%
- Harmonia Mundi (UK) Limited 100%
- Inertia Pty Limited 100%
Significant events
- “On 28 October 2024 the group were acquired by the Universal Music Group. From this date the ultimate parent undertaking was Universal Music Group N.V, a company registered in Netherlands.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HARTLEY, Nicholas Bruce | Secretary | 2010-04-01 | — | — |
| GATES, Kenneth Bruno | Director | 1998-06-29 | Jan 1963 | British |
| HARTLEY, Nicholas Bruce | Director | 2000-09-06 | Nov 1960 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SAUSSUS, Philippe | Secretary | 2000-02-09 | 2010-04-01 |
| HAL MANAGEMENT LIMITED | Corporate Secretary | 1998-06-29 | 2000-02-09 |
| CHADWICK, Michael | Director | 1998-06-29 | 2000-02-01 |
| HENEGHAN, Michael | Director | 2000-09-06 | 2002-01-31 |
| LAMBOT, Michel Joseph | Director | 1998-06-29 | 2024-10-28 |
| SAUSSUS, Philippe | Director | 1998-06-29 | 2010-04-01 |
| HAL DIRECTORS LIMITED | Corporate Director | 1998-06-29 | 1998-06-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pias Group Srl | Corporate entity | Shares 75–100% | 2025-09-08 | Active |
| Universal Music Group N.V. | Corporate entity | Shares 75–100% | 2024-10-28 | Ceased 2025-09-08 |
| Mr Kenneth Bruno Gates | Individual | Shares 25–50% | 2021-06-16 | Ceased 2024-10-28 |
| Mr Michel Joseph Lambot | Individual | Shares 25–50% | 2021-06-16 | Ceased 2024-10-28 |
| Mr Kenneth Bruno Gates | Individual | Significant influence | 2016-04-06 | Ceased 2016-04-06 |
Filing timeline
Last 20 of 109 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-02-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-09 | AA | accounts | Accounts with accounts type full | |
| 2025-09-08 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-09-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-01-02 | AA | accounts | Accounts with accounts type full | |
| 2024-12-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-25 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-11-25 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-11-25 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-11-19 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-05 | AA | accounts | Accounts with accounts type full | |
| 2023-09-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-09-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-09-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-09-07 | CH01 | officers | Change person director company with change date | |
| 2023-02-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-01 | CH01 | officers | Change person director company with change date | |
| 2022-07-28 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+9%
£7,395,000 £8,061,000
-
Cash
0%
£1,000 £1,000
-
Net assets
+8.5%
-£6,963,000 -£6,374,000
-
Employees
0%
44 44
-
Operating profit
+13.6%
£770,000 £875,000
-
Profit before tax
+12.8%
£522,000 £589,000
-
Wages
+17.9%
£2,403,000 £2,833,000
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