HORIZON BIDCO LIMITED
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Next accounts due
2027-01-31 (in 8mo)
Last filed for 2025-04-30
Confirmation statement due
2026-08-30 (in 3mo)
Last made up 2025-08-16
Watchouts
Cash
£202K
-89.8% vs 2024
Net assets
£38M
-20.2% vs 2024
Employees
3
0% vs 2024
Profit before tax
-£10M
-29.7% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-04-30
| Metric | Trend | 2024-04-30 | 2025-04-30 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£741,000 | £16,000 | |
| Profit before tax | -£7,898,000 | -£10,241,000 | |
| Net profit | -£7,898,000 | -£9,744,000 | |
| Cash | £1,978,000 | £202,000 | |
| Total assets less current liabilities | £136,085,000 | £112,761,000 | |
| Net assets | £48,139,000 | £38,395,000 | |
| Equity | £48,139,000 | £38,395,000 | |
| Average employees | 3 | 3 | |
| 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 | 2024-04-30 | 2025-04-30 |
|---|---|---|---|
| Return on capital employed | -0.5% | 0.0% | |
| Gearing (liabilities / total assets) | 83.7% | 86.6% | |
| Current ratio | 0.30x | 0.24x | |
| Interest cover | -0.05x | 0.00x |
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
“The Directors have prepared the financial statements on a going concern basis which requires the Directors to have a reasonable expectation that the Company, as part of the Group headed by Panorama Topco B.V., has adequate resources to continue in operational existence for at least twelve months after the date that these financial statements are signed.”
Group structure
- HORIZON BIDCO LIMITED · parent
- PhotoBox Holdco Alpha Limited 100%
- PhotoBox Holdco Beta Limited 100%
- Photo Holdco Limited 100%
- PhotoBox Limited 100%
- Horizon France Holdings 100%
- PhotoBox SAS 100%
- PhotoBox GmbH 100%
- Hofmann Holdco S.L.U 100%
- Hofmann S.L.U 100%
- Hofmann Marketing y Tecnologia, S.L 100%
- Posterjack GmbH i.L. 100%
- PhotoBox Holdings Germany GmbH 100%
- posterXXL GmbH 100%
- Photobox Free Prints Ltd 100%
Significant events
- “On 6th June 2025, the Group entered into an additional ","10m RCF ancillary Facility expiring on 5 December 2025 to provide additional liquidity during the off-peak season.”
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 |
|---|---|---|---|---|
| COPPO, Alessandro | Director | 2024-02-08 | Mar 1970 | Italian |
| FERNANDES NASCENTES, Adriano | Director | 2025-02-10 | Aug 1976 | Brazilian |
| PLUMB, Peter James | Director | 2025-02-01 | Nov 1963 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BURNS, Alan Robert | Director | 2016-01-26 | 2019-09-30 |
| DAVIDSON, Simon Russell | Director | 2015-10-05 | 2016-02-08 |
| FORD, Jody Matthew Robertson | Director | 2016-07-21 | 2019-09-30 |
| JENNINGS, Christian James Piers | Director | 2016-07-21 | 2016-11-18 |
| KERCKHAERT, Leonardus Arthur Johannes | Director | 2023-04-19 | 2025-02-10 |
| LAURENT, Stanislas Marie | Director | 2016-01-26 | 2016-07-21 |
| MACKINNON, Andrew Peter | Director | 2019-09-12 | 2021-01-05 |
| MCGOVERN, David Hugh | Director | 2016-01-26 | 2016-07-21 |
| MITCHELL, Jonathan Michael | Director | 2019-09-12 | 2023-04-19 |
| MONEY, Bernard Tristan Washbourne | Director | 2022-09-08 | 2024-02-08 |
| MUCHA, Christopher Daniel | Director | 2019-09-12 | 2022-09-08 |
| RAITHATHA, Nickyl | Director | 2019-09-12 | 2021-01-05 |
| ROBINSON, Claudette Anne | Director | 2016-11-18 | 2019-07-25 |
| SWEET-ESCOTT, Thomas | Director | 2015-10-05 | 2016-02-08 |
| WOOLFENDEN, Christian Mark | Director | 2019-09-12 | 2020-01-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Horizon Midco Limited | Corporate entity | Shares 25–50% | 2025-03-31 | Active |
| Panorama Newco B.V. | Corporate entity | Shares 75–100%, Voting 75–100% | 2022-01-06 | Ceased 2025-03-31 |
| Horizon Midco Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2022-01-06 |
Filing timeline
Last 20 of 82 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-05-01 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-03 | AA | accounts | Accounts with accounts type full | |
| 2025-08-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-03 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-04-03 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-03-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-18 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-27 | AA | accounts | Accounts with accounts type group | |
| 2024-08-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-16 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-15 | AA | accounts | Accounts with accounts type group | |
| 2023-09-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-13 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-03 | AA | accounts | Accounts with accounts type group | |
| 2023-05-01 | RESOLUTIONS | resolution | Resolution | |
| 2023-04-27 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-26 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-23 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-19 | CS01 | confirmation-statement | Confirmation statement with updates |
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
FY2024 → FY2025 · period ending 2025-04-30 vs 2024-04-30
-
Turnover
—
Not reported
-
Cash
-89.8%
£1,978,000 £202,000
-
Net assets
-20.2%
£48,139,000 £38,395,000
-
Employees
0%
3 3
-
Operating profit
+102.2%
-£741,000 £16,000
-
Profit before tax
-29.7%
-£7,898,000 -£10,241,000
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