Gary Neville's production company, Buzz 16 Productions, has bounced back into profit as its flagship show, The Overlap, nearly doubled in value.
Newly filed accounts with Companies House reveal that the firm recorded a pre-tax profit of £743,306 for the year ending June 30, 2024, marking a recovery from a pre-tax loss of £180,365 in the previous 12 months.
The documents also indicate a dip in Buzz 16 Productions' turnover, sliding from £13.1m to £11.8m over the year.
Buzz16 was established in 2016 by Gary Neville, the ex-footballer turned entrepreneur, property developer and Sky Sports commentator.
In November 2022, Miroma Group acquired a majority stake in Buzz 16, confirming the deal in February 2023 and unveiling plans for an IPO valued at over £200m, as reported by .
Beyond , Buzz 16's portfolio includes co-producing an Amazon Prime documentary about Manchester United's treble-winning season.
Over the course of the year, Buzz 16 expanded its workforce from 44 to 66 employees, resulting in a surge in its wage bill from £1m to £4.3m.
Separate accounts for The Overlap Limited show a rise in total equity from £223,784 to £406,493 during the same financial year.
Meanwhile, January filings for Miroma Group, the parent company of Gary Neville's firm, reveal a jump in revenue from £255.6m to £275.6m for the year ending June 2024, with pre-tax profits soaring from £1.3m to £6.5m.
In June 2022, reports emerged that Miroma Group, in partnership with Idris Elba, was contemplating a potential £1.2bn acquisition of Channel 4. However, the proposed takeover did not materialise as the previous government ultimately chose not to proceed with the sale.
Miroma Group, founded by Marc Boyan, boasts around 20 marketing agencies in its portfolio. Among these is Fold 7, the creative agency responsible for the Ted Baker brand and instrumental in launching Muji and developing Orange Wednesdays.
Buzz 16's financial accounts for the year ending 30 June 2025 are expected to be submitted to Companies House by March 2026. In other news, City AM reported in March that Gary Neville had been appointed to the board of Swiss watchmaker Norqain as it gears up for its º£½ÇÊÓƵ launch.
Norqain, a family-owned business, was established in 2018 by former Swiss professional ice hockey player Mark Streit.
