Archive · 25 Jul 2025
Lionsgate Prevents eOne UK Closure by Settling Tax Debt
Lionsgate, the company that owns Entertainment One UK (eOne UK), almost had one of its UK businesses shut down because they didn't pay their taxes.
The UK government's tax collectors, HMRC, were going to force the company to close, but Lionsgate paid the bill.
It turned out the issue was a mistake.
eOne UK makes money, but it also lost money last year.
Lionsgate bought eOne from Hasbro, but they didn't get the part of the company that owns Peppa Pig.
Lionsgate avoided closure of Entertainment One UK Limited (eOne UK) by settling an unpaid tax bill.
HM Revenue & Customs (HMRC) issued a winding-up petition, seeking eOne's liquidation.
The tax bill was settled after a 'clerical error' was discovered.
eOne UK reported £176M in sales in 2023 but nearly £23.5M in pre-tax losses.
Lionsgate acquired eOne from Hasbro in 2023, excluding the Peppa Pig brand.
- Who
- Lionsgate and HM Revenue & Customs (HMRC).
- What
- Lionsgate settled an unpaid tax bill to prevent Entertainment One UK Limited from being closed down.
- When
- The recent tax bill was settled.
- Where
- United Kingdom
- Why
- To avoid the liquidation of Entertainment One UK Limited.
- Company
- Entertainment One UK Limited (eOne UK)
- Parent Company
- Lionsgate
- Tax Authority
- HM Revenue & Customs (HMRC)
- Sales (2023)
- £176M
- Pre-tax Losses (2023)
- £23.5M
- eOne Acquisition
- Lionsgate acquired from Hasbro (2023)