PHILIP MORRIS LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. PHILIP MORRIS LIMITED 1998-11-25 → present
2. DELPHGREEN LIMITED 1998-08-20 → 1998-11-25

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 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“These financial statements have been prepared on a going concern basis. The company operates as a trading entity with a positive net asset position, generates consistent profits, and is able to meet its operational and financial obligations. In reaching this conclusion, the directors prepared detailed cash flow forecasts based on the latest business plan, covering at least 12 months from the date of approval of these financial statements. After considering current liquidity, financing arrangements, expected trading performance, and a range of adverse scenarios, the directors are satisfied that the company has sufficient resources and financial flexibility to continue operating as a going concern for the foreseeable future.”

Significant events

• “A dividend of £27 million was approved prior to the signing of the 2024 financial statements and was subsequently paid on 6 February 2025.”
• “Following discussion between the trustees and the company in early 2025, the pension scheme continues to be administered and valued on the current basis, particularly given ongoing legal uncertainty and the possibility that the government could intervene. The government has in June 2025 announced steps aimed at resolving the issue, although legal uncertainty remains.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  +11.1%

  £946,493,000 → £1,051,754,000

• Cash

  -89.5%

  £19,000 → £2,000

• Net assets

  +31.8%

  £32,766,000 → £43,173,000

• Employees

  +0.9%

  340 → 343

• Operating profit

  -40.5%

  £27,746,000 → £16,495,000

• Profit before tax

  -50.7%

  £12,572,000 → £6,192,000

• Wages

  +11.6%

  £25,927,000 → £28,932,000

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