FAE VENTURES LIMITED
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Next accounts due
2026-05-31 (this month)
Last filed for 2024-05-31
Confirmation statement due
2026-06-18 (in 1mo)
Last made up 2025-06-04
Watchouts
None on the register
Cash
£4M
Latest balance sheet
Net assets
-£14M
Equity attributable
Employees
29
Average over period
Profit before tax
£10M
Period ending 2024-05-31
Name history
Renamed 1 time since incorporation
- FAE VENTURES LIMITED 2021-08-04 → present
- FIRST ACCESS ENTERTAINMENT LIMITED 2015-09-22 → 2021-08-04
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-05-31
| Metric | Trend | 2022-12-31 | 2024-05-31 |
|---|---|---|---|
| Turnover | £12,995,282 | £5,976,754 | |
| Operating profit | -£906,525 | £10,950,168 | |
| Profit before tax | -£2,060,915 | £9,711,024 | |
| Net profit | -£2,141,878 | £9,339,187 | |
| Cash | £4,155,434 | £3,817,227 | |
| Total assets less current liabilities | -£23,626,712 | -£14,392,623 | |
| Net assets | -£23,655,560 | -£14,407,428 | |
| Equity | -£23,655,560 | -£14,407,428 | |
| Average employees | 34 | 29 | |
| Wages | £2,891,051 | £3,343,879 |
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 | 2024-05-31 |
|---|---|---|---|
| Operating margin | -7.0% | 183.2% | |
| Net margin | -16.5% | 156.3% | |
| Return on capital employed | 3.8% | -76.1% | |
| Current ratio | 0.28x | 0.26x | |
| Interest cover | -0.68x | 4084.36x |
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
- Consolidated group
- Auditor
- SRLV Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- FAE VENTURES LIMITED · parent
- FAE Ventures LLC 100%
Significant events
- “On 30 August 2024, the company sold part of its publishing catalogue to a third party entity for cash consideration.”
- “In 2019, a legal case was brought against the company by the estate of an artist signed to the company. An out of court settlement was reached in February 2023 whereby the company agreed to sell the artist catalogue to the estate, resulting in a gain on sale of £14,601,182.”
- “On 24 January 2023, Mindful Health Movement Limited was placed into Members' Voluntary Liquidation, and the company received £94,453 from the liquidators as part of a distribution.”
- “On 5 June 2023, Casablanca Clothing Limited was placed into Administration.”
- “On 4 October 2023, the company paid £33 for the purchase of a 33.3% membership interest in Achilles Ion Gabriel Ltd.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| STENNETT, Sarah Jane | Director | 2015-09-22 | Nov 1963 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BLAVATNIK, Leonard, Sir | Director | 2015-10-23 | 2019-10-11 |
| DIXON, Simon Mark | Director | 2015-10-23 | 2016-09-19 |
| HENDRY, Stephen John | Director | 2019-10-11 | 2021-06-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Leonard Blavatnik | Individual | Significant influence | 2016-04-06 | Ceased 2021-06-29 |
| Mr Leonard Blavatnik | Individual | Significant influence | 2016-04-06 | Ceased 2018-09-28 |
| Ms Sarah Jane Stennett | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 61 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-08-04 RESOLUTIONS Resolution PDF
- 2021-07-22 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-06-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-04 | AA | accounts | Accounts with accounts type group | |
| 2024-06-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-21 | AA01 | accounts | Change account reference date company current extended | |
| 2023-11-16 | AA | accounts | Accounts with accounts type group | |
| 2023-07-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-03 | CH01 | officers | Change person director company with change date | |
| 2023-07-03 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-02-09 | AA | accounts | Accounts with accounts type group | |
| 2023-02-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-02-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-02-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-01-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-01-09 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2022-09-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-17 | AA01 | accounts | Change account reference date company previous extended | |
| 2021-11-15 | AA | accounts | Accounts with accounts type group | |
| 2021-09-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-08-04 | RESOLUTIONS | resolution | Resolution | |
| 2021-07-22 | RESOLUTIONS | resolution | Resolution |
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
FY2022 → FY2024 · period ending 2024-05-31 vs 2022-12-31