PANALUX LIMITED
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Next accounts due
2025-09-30
Overdue
Confirmation statement due
2027-04-23 (in 11mo)
Last made up 2026-04-09
Watchouts
Cash
£2M
+35.6% vs 2022
Net assets
£17M
-31.7% vs 2022
Employees
161
-15.3% vs 2022
Profit before tax
-£9M
-671.9% vs 2022
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2025-09-30.
Name history
Renamed 2 times since incorporation
- PANALUX LIMITED 2007-09-17 → present
- AFM LIGHTING LIMITED 2002-11-07 → 2007-09-17
- PITCOMP 256 LIMITED 2001-04-10 → 2002-11-07
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2023-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Turnover | £32,245,000 | £17,107,000 | |
| Operating profit | £2,315,000 | -£9,195,000 | |
| Profit before tax | £1,524,000 | -£8,715,000 | |
| Net profit | £865,000 | -£8,001,000 | |
| Cash | £1,802,000 | £2,444,000 | |
| Total assets less current liabilities | £26,768,000 | £18,874,000 | |
| Net assets | £25,208,000 | £17,207,000 | |
| Equity | £25,208,000 | £17,207,000 | |
| Average employees | 190 | 161 | |
| Wages | £7,382,000 | £6,475,000 |
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 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating margin | 7.2% | -53.7% | |
| Net margin | 2.7% | -46.8% | |
| Return on capital employed | 8.6% | -48.7% | |
| Gearing (liabilities / total assets) | 35.0% | 46.2% | |
| Current ratio | 1.95x | 1.36x | |
| Interest cover | 178.08x | -278.64x |
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
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on these assessments and resources available to the company, including a letter of support from the ultimate parent Company Panavision Inc., the Directors have concluded that there is no material uncertainty, and they can continue to adopt the going concern basis in preparing the annual report and accounts.”
Group structure
- PANALUX LIMITED · parent
- Panalux Europe Sro 100%
- Panalux SA (Pty) Ltd 100%
- Panalux (IOM) Ltd 100%
- Focus.com Ltd 100%
Significant events
- “On May 2, 2025, the Company entered into a Loan, Guaranty and Security Agreement among the Company, various subsidiaries as Guarantors, Great Rock as Agent, sole Book Manager, Syndication Agent and Sole Lead Arranger and Siena Lending Group LLC, as Documentation Agent (the "GRC ABL Agreement"), which provided for a $130 million facility. This facility replaces the ABL referenced in note 15.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PITSEC LIMITED | Corporate Secretary | 2010-05-15 | — | — |
| CHANNER, Michele Caron | Director | 2024-06-30 | Apr 1964 | British |
| KALSEY, Jasminder Singh | Director | 2018-07-31 | May 1974 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HURDLE, Nigel Edward | Secretary | 2007-02-23 | 2010-05-15 |
| WILSON, Allan Ross | Secretary | 2002-10-01 | 2007-02-23 |
| PITSEC LIMITED | Corporate Secretary | 2001-04-10 | 2002-10-01 |
| ALLEN, Jeffrey Thomas | Director | 2013-06-26 | 2020-09-30 |
| BOSTON, Derrick Osmond | Director | 2013-06-26 | 2016-12-31 |
| FURSSEDONN, Mark Vincent | Director | 2020-09-30 | 2024-06-30 |
| HEUSCH, Russell | Director | 2002-10-01 | 2008-08-18 |
| HURDLE, Nigel Edward | Director | 2007-02-23 | 2010-05-15 |
| MARTIN, Andrew Francis | Director | 2002-10-01 | 2008-03-14 |
| MILLARD, Christopher John | Director | 2002-11-01 | 2017-12-31 |
| SAVJANI, Snehal | Director | 2008-08-18 | 2016-02-22 |
| SMITH, Steven | Director | 2002-10-01 | 2013-06-26 |
| SNYDER, Kimberly Ann | Director | 2013-06-26 | 2026-01-01 |
| WILSON, Allan Ross | Director | 2002-10-01 | 2007-02-23 |
| CASTLE NOTORNIS LIMITED | Corporate Director | 2001-04-10 | 2002-10-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Afm Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 151 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-03 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-21 | CH04 | officers | Change corporate secretary company with change date | |
| 2026-01-30 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-27 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-07-08 | AA | accounts | Accounts with accounts type full | |
| 2025-05-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-02 | CH01 | officers | Change person director company with change date | |
| 2024-07-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-19 | AD03 | address | Move registers to sail company with new address | |
| 2024-06-19 | AD02 | address | Change sail address company with old address new address | |
| 2024-05-15 | CH01 | officers | Change person director company with change date | |
| 2024-04-23 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-04-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-18 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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
FY2022 → FY2023 · period ending 2023-12-31 vs 2022-12-31
-
Turnover
-46.9%
£32,245,000 £17,107,000
-
Cash
+35.6%
£1,802,000 £2,444,000
-
Net assets
-31.7%
£25,208,000 £17,207,000
-
Employees
-15.3%
190 161
-
Operating profit
-497.2%
£2,315,000 -£9,195,000
-
Profit before tax
-671.9%
£1,524,000 -£8,715,000
-
Wages
-12.3%
£7,382,000 £6,475,000
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