PAR EQUITY LLP

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

Consolidated group

Auditor

Johnston Carmichael LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the Financial Statements, we have concluded that the Members' 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 or LLP'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

1. PAR EQUITY LLP · parent
   1. Par Equity Holdings Limited 89.6% · UK · Intermediate holding company
   2. Par Fund Management Limited 100% · UK · Investment management
   3. Par Advisers Limited 100% · UK · Business advisory, management consultancy and employment agency services
   4. Par Innovation Fund I (General Partner) Limited 100% · UK · General partner of Par Innovation Fund I LP
   5. Par Property III GP Limited 100% · UK · General partner of Par Residential Investments III LP
   6. Par Forestry (General Partner) Limited 100% · UK · General partner of Par Forestry Partners LP
   7. Par Forestry (GP) III Limited 100% · UK · Designated member of Par Forestry (General Partner) III LLP
   8. Par Forestry (General Partner) III LLP 100% · UK · General partner of Par Forestry III LP
   9. Par Forestry (General Partner) IV Limited 100% · UK · General partner of Par Forestry IV LP
   10. Par Syndicate Limited · UK · Management consultancy - dissolved 12/08/2025
   11. Par Equity Ventures (General Partner) I LLP 100% · UK · General partner of Par Equity Ventures I LP
   12. Par Equity Ventures Founder (General Partner) I LLP 100% · UK · General partner of Par Equity Ventures Founder I LP
   13. Par Equity (US) Management LLC · United States · Dormant - dissolved 18/06/2025

Significant events

• “The Venture Fund had its fourth and final close in October 2025, bringing aggregate commitments to the fund of £84.8m.”
• “Post year-end the Par Equity Group announced its intention to merge with Praetura Ventures to form PXN Group. The merger formally completed on 24 October 2025. This resulted in LLP disposing 100% of its investment in Par Equity Holdings Limited.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +13.5%

  £5,123,861 → £5,813,848

• Cash

  -10.5%

  £2,418,775 → £2,165,540

• Net assets

  -8.1%

  £3,275,992 → £3,010,832

• Employees

  +17.6%

  17 → 20

• Operating profit

  -0.7%

  £1,828,184 → £1,815,983

• Profit before tax

  -61.8%

  £2,823,145 → £1,078,017

• Wages

  +28%

  £1,269,320 → £1,624,255

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