RED BULL MEDIA HOUSE UK LTD

• ◆

  3 officer resignations in last 12 months

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

1. RED BULL MEDIA HOUSE UK LTD 2012-06-08 → present
2. RED BULL RECORDS LIMITED 2006-05-22 → 2012-06-08
3. MUTANDERIS 517 LIMITED 2006-04-05 → 2006-05-22

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

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In assessing the appropriateness of the going concern basis, the directors consider all available information about the future including the going concern period, which is 12 months from the date of approval of these financial statements. The company meets its day to day working capital requirements through cash reserves and, if required, an advance against the billings from Red Bull GmbH group. The directors have evaluated the forecasted cash flow and profitability of the Company taking into account the Company's liabilities and recognise the importance of ensuring that dividends are only paid when sufficient cash resources are available. Given the Company's operating model and the arrangement for temporary advance against billings, the directors believe that the company has adequate cash reserves to continue as a going concern for the period up to 12 months from the date of approval of these financial statements. Furthermore, Red Bull GmbH has confirmed to the directors in writing, that it has no plans or intentions that would materially affect the ordinary operations of the company within the next 12 months from the date of approval of the financial statements or the carrying value or classification of its assets and liabilities as at 31 December 2024. On this basis, the Directors continue to adopt the going concern basis of accounting in preparing this report and financial statements.”

Significant events

• “At 31st December 2023 the AlphaTauri Store at Brompton Road, Knightsbridge, was closed. In 2024 the Company ceased all operations relating to the sale of AlphaTauri products which was the key factor contributing to both the reduction in revenue and the profitability for 2024.”
• “The company continued to grow media impact in the UK with growth driven by strong performance in social media with 688 million views representing a 70% increase on the previous year.”
• “Total earned media impressions for 2024 were 55 billion, representing 12% growth vs the previous year and were boosted by various projects including the wingsuit flight through Tower Bridge and Red Bull Instalock, a female only gaming event that was featured on BBC News.”
• “Key activities in 2024 included the launch of Red Bull GMT on Instagram, YouTube and Tik Tok, a rap music channel for the UK that features Red Bull Mic Flex, a format that delivered more than 26m views. Red Bull Soapbox Race took place at Alexandra Palace and the broadcast of the event was aired across the UK on Channel 5, delivering 41 million minutes of viewership. Meanwhile, Red Bull TV can now be viewed on 60% of the UK's Smart TVs 24 hours a day.”
• “The Red Bulletin saw the first release of a Bookazine in 2024 in addition to the regular publications throughout the year which alongside new distribution partnerships saw an increase in circulation.”
• “The onerous lease provision first recognised in 2023 relates to the closure of the Alpha Tauri Store and has been settled in the year on the exiting of the lease.”

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

3

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

  -30.8%

  £21,834,000 → £15,116,000

• Cash

  -3.3%

  £362,000 → £350,000

• Net assets

  -56.7%

  £1,218,000 → £527,000

• Employees

  -21.1%

  76 → 60

• Operating profit

  -29.6%

  £1,174,000 → £826,000

• Profit before tax

  -29.6%

  £1,174,000 → £826,000

• Wages

  -17.3%

  £6,094,000 → £5,042,000

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