Probity Europe Ltd

Probity Europe Ltd, based in London, UK, is a large holding company with an active status. Founded twelve years ago in 2013, the company employs just three people and holds assets worth £8,628,804. While registered at a virtual address – with fifty-six other companies sharing the same location – it's managed by three directors and owned by Sony Music Entertainment Uk Ltd and Probity Worldwide Ltd. The company regularly imports and exports clothing and accessories made by knitting or crocheting, with 46 months of import activity and 200 months of export activity recorded.

Probity Europe Ltd operates as an independent music merchandising company, showcasing a range of capsule collections and collaborations. Its website highlights partnerships with iconic brands like Led Zeppelin and Rage Against the Machine, offering limited-edition merchandise, including snowboards and apparel. The site also features a retail section, licensing options, and services, indicating a multifaceted business model.

Financially, Probity Europe Ltd presents a mixed picture. While cash bank on hand increased by 48% to £4 million, administrative expenses decreased by 23% to £1 million. However, amounts owed to group undertakings surged by 620% to £3.1 million, and staff costs fell by 34% to £590,000. Creditors increased by 78% to £6.5 million, and net losses remained stable at £1.1 million. Despite these fluctuations, the company’s assets grew by 46% to £13 million. The company’s auditor, CC Young & Co Limited, has noted that the financial statements have been prepared in accordance with FRS 102. It’s a bit concerning that the company's bank borrowings increased by 2,400% though.

Registered in England/Wales under the registration number 08446926, with a registered address at N1C 4DB, United Kingdom, London, 2 Canal Reach.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.