BONHAMS 1793 LIMITED

• ◆

  3 officer resignations in last 12 months

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

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In reaching their conclusion on going concern, the Directors have considered the base forecasts which include the injections of additional capital into the business by Pemberton and applied downside sensitivities in respect of revenue and cost assumptions. The Company had cash at 31 December 2024 of £28.3 million (2023: £11.3 million). Based on these assessments and taking into account the refinancing and strengthened capital structure, and the written support that has been committed by Pemberton, the Directors have a reasonable expectation that the Company have adequate resources to continue in operational existence for the foreseeable future i.e. at least 12 months from date of signing these financial statements. Accordingly, the financial statements have been prepared on a going-concern basis.”

Group structure

1. BONHAMS 1793 LIMITED · parent
   1. Bonhams Credit Limited 100% · United Kingdom · Financing
   2. Bonhams UK Limited 100% · United Kingdom · Dormant
   3. Patina Classics Limited 100% · United Kingdom · Auctioneers & valuers
   4. Bonhams France SAS 100% · France · Auctioneers & valuers
   5. Bonhams (Hong Kong) Limited 100% · Hong Kong · Auctioneers & valuers
   6. Bonhams Auctions Limited 100% · Ireland · Dormant
   7. 1793 Swedish Holdings AB 100% · Sweden · Holding company
   8. 1793 Danish Holdings AB 100% · Denmark · Holding company
   9. Bukowski Auktioner AB 100% · Sweden · Auctioneers & valuers
   10. Bonhams Scotland Limited 100% · United Kingdom · Dormant
   11. Bonhams Cornette de Saint Cyr SA 100% · Belgium · Auctioneers & valuers
   12. Bruun Rasmussen Kunstauktioner A/S 100% · Denmark · Auctioneers & valuers
   13. Bukowski OY 100% · Finland · Auctioneers & valuers
   14. Bonhams Auction - Sole Proprietorship LLC 100% · Abu Dhabi · Auctioneers & valuers

Significant events

• “In October 2025 the Group's controlling shareholder, Epiris LLP, completed a transaction to sell its interest in Vantage Bidco Limited, a parent company, to Pemberton Asset Management ("Pemberton"), one of the Group's existing lenders. As part of the transaction, the Group's debt facilities were refinanced and significantly restructured. The refinancing resulted in a material reduction in gross borrowings and an improvement in the Group's liquidity position.”
• “Bonhams had a full Charitable Programme in 2024, the Company raised over £1.8 million for charities. In February, Bonhams worked with Left Bank Pictures on a once-in-a-lifetime auction to sell the props, furniture and costumes from the award-winning series, The Crown. Proceeds from the sale £1.3 million went towards establishing the Left Bank Pictures -The Crown Scholarship programme at the National Film and Television School (NFTS).”
• “In August, Bonhams worked with Scottish journalist and broadcaster Glenn Campbell, on a charity auction Brain Power: Art sale in support of brain tumour research. £80,000 was raised towards establishing The Scottish Brain Tumour Research Centre of Excellence.”
• “In September Bonhams partnered with Houser and Wirth to raise funds for the arts and mental health charity Hospital Rooms. Over £250,000 was raised in support of mental health care units in the UK. In the same month Bonhams organised two sales with Sir Quentin Blake that raised over £150,000 for the Quentin Blake Centre for Illustration.”
• “Bonhams auctioned a IWC Schaffhausen watch worn by legendary British Formula One™ racing driver and IWC Schaffhausen ambassador Lewis Hamilton on the podium of the 2024 Silverstone Grand Prix, his record-breaking ninth Silverstone win. The watch raised CHF220,000 for the Laureus Foundation Switzerland in August.”

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

Filings

20

last 12 months

Capital events

0

last 24 months

Officers appointed

5

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

  -1%

  £67,053,000 → £66,376,000

• Cash

  +150.8%

  £11,266,000 → £28,252,000

• Net assets

  -84.3%

  £62,354,000 → £9,759,000

• Employees

  -7.2%

  415 → 385

• Operating profit

  -9.7%

  -£46,618,000 → -£51,120,000

• Profit before tax

  -17.7%

  -£44,451,000 → -£52,318,000

• Wages

  -3.4%

  £20,009,000 → £19,321,000

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