PRINCESS YACHTS (HOLDINGS) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-12 (in 2mo)
Last made up 2025-06-28
Watchouts
None on the register
Cash
£8K
0% vs 2023
Net assets
£67M
-5% vs 2023
Employees
—
Average over period
Profit before tax
-£4M
+37.1% vs 2023
Name history
Renamed 3 times since incorporation
- PRINCESS YACHTS (HOLDINGS) LIMITED 2019-08-05 → present
- RNO LIMITED 2008-03-03 → 2019-08-05
- TIARA NEWCO LIMITED 2008-02-24 → 2008-03-03
- HACKREMCO (NO. 2544) LIMITED 2007-10-25 → 2008-02-19
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | — | — | |
| Profit before tax | -£5,597,000 | -£3,519,000 | |
| Net profit | -£5,597,000 | -£3,519,000 | |
| Cash | £8,000 | £8,000 | |
| Total assets less current liabilities | £105,858,000 | £97,819,000 | |
| Net assets | £70,805,000 | £67,286,000 | |
| Equity | £70,805,000 | £67,286,000 | |
| Average employees | — | — | |
| Wages | — | — |
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 |
|---|---|---|---|
| Current ratio | 0.16x | 0.13x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After consideration of the above matters, the directors are of the opinion that it remains appropriate to prepare the financial statements on a going concern basis.”
Group structure
- PRINCESS YACHTS (HOLDINGS) LIMITED · parent
- The Renwick Group Limited 100%
- Princess Yachts Limited 100%
- Capstan Travel Limited 100%
- Marine Projects (Plymouth) 100%
- Princess Yachts Europe B.V. 100%
- Princess Yachts Hong Kong Limited 100%
- Princess Yachts USA Inc 100%
- Felix Engineering Limited 100%
Significant events
- “Operationally and financially, 2024 saw greatly improved results of PYL as a direct result of the effective implementation of a number of business improvement initiatives through the year and improved efficiency of the supply chain.”
- “The arrival of KPS Capital Partners ("KPS", "Shareholders") the new majority shareholder in 2023 and the subsequent support brought by them has invigorated PYL's ambitious turnaround plan for 2024 continuing into 2025”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 21 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BRATT, Adrian Richard | Secretary | 2017-03-14 | — | — |
| BRATT, Adrian Richard | Director | 2025-02-28 | Sep 1971 | British |
| GREEN, William Daniel | Director | 2023-09-26 | Jan 1976 | British |
Show 21 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DUFFIN, Ian Andrew | Secretary | 2008-09-03 | 2015-02-28 |
| HACKWOOD SECRETARIES LIMITED | Corporate Nominee Secretary | 2007-10-25 | 2008-09-03 |
| BRATT, Adrian Richard | Director | 2017-03-14 | 2023-09-26 |
| BRUNEL, Nicolas Jacques Philippe Marie | Director | 2019-11-27 | 2023-03-15 |
| DAUCHIN, Benoit Gerard Marie | Director | 2020-12-01 | 2023-03-15 |
| FOLLEAS, Caroline Marie | Director | 2014-12-24 | 2016-07-04 |
| FRANCHET, Philippe Marie | Director | 2008-02-20 | 2019-09-30 |
| GATES, Christopher John | Director | 2008-07-09 | 2019-08-02 |
| HAUSER, Felix Sebastian | Director | 2020-03-30 | 2023-03-15 |
| HEIDECORN, David | Director | 2019-09-26 | 2023-03-15 |
| HOUEL, Patrick Gaston | Director | 2008-07-09 | 2019-11-12 |
| KING, David Stewart | Director | 2008-07-09 | 2015-08-06 |
| MAXA, Graham Malcolm | Director | 2023-09-26 | 2024-12-17 |
| MELLIER, Philippe Jean-Claude | Director | 2014-09-23 | 2020-01-31 |
| PALLAVICINI, Alfonso | Director | 2013-02-28 | 2020-03-30 |
| PIETTE, Daniel Robert | Director | 2008-07-09 | 2016-05-04 |
| SCHMITZ, Alexandre Jean Marie Eugene | Director | 2008-07-09 | 2013-02-28 |
| SHERIFF, Antony Michael | Director | 2016-03-16 | 2023-09-27 |
| SKIPWORTH, Paul Henry | Director | 2014-09-23 | 2016-02-29 |
| VELASCO, Eduardo Salvador | Director | 2008-02-20 | 2019-09-30 |
| HACKWOOD DIRECTORS LIMITED | Corporate Nominee Director | 2007-10-25 | 2008-02-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mayflower Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-03-15 | Active |
Filing timeline
Last 20 of 149 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-03-02 RESOLUTIONS Resolution
- 2024-01-10 MA Memorandum articles
- 2023-03-28 MA Memorandum articles
- 2023-03-28 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-08 | AA | accounts | Accounts with accounts type full | |
| 2025-07-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-31 | AA | accounts | Accounts with accounts type full | |
| 2024-12-20 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-02 | RESOLUTIONS | resolution | Resolution | |
| 2024-01-11 | SH02 | capital | Capital alter shares subdivision | |
| 2024-01-11 | SH10 | capital | Capital variation of rights attached to shares | |
| 2024-01-11 | SH08 | capital | Capital name of class of shares | |
| 2024-01-10 | MA | incorporation | Memorandum articles | |
| 2023-10-23 | AA | accounts | Accounts with accounts type group | |
| 2023-09-27 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-26 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-26 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-26 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-03-28 | MA | incorporation | Memorandum articles | |
| 2023-03-28 | MA | incorporation | Memorandum articles | |
| 2023-03-24 | PSC02 | persons-with-significant-control | Notification of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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
—
Not reported
-
Cash
0%
£8,000 £8,000
-
Net assets
-5%
£70,805,000 £67,286,000
-
Employees
—
Not reported
-
Profit before tax
+37.1%
-£5,597,000 -£3,519,000
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