MERCHANTS TRUST PLC(THE)
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Cash
£26m
+67.1% vs 2025
Net assets
£964m
+13.5% vs 2025
Employees
291
Average over period
Profit before tax
£163m
+55.3% vs 2025
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2026-01-31
| Metric | Trend | 2025-01-31 | 2026-01-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | £110,464,000 | £168,703,000 | +52.7% | |
| Profit before tax | £104,807,000 | £162,789,000 | +55.3% | |
| Net profit | £104,273,000 | £162,408,000 | +55.8% | |
| Cash | £15,604,000 | £26,079,000 | +67.1% | |
| Total assets less current liabilities | £966,603,000 | £1,081,310,000 | +11.9% | |
| Net assets | £849,822,000 | £964,464,000 | +13.5% | |
| Equity | £849,822,000 | £964,464,000 | +13.5% | |
| Average employees | — | 291 | — | |
| Wages | — | — | — | |
| Directors' remuneration | £166,548 | £170,595 | +2.4% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2025-01-31 | 2026-01-31 |
|---|---|---|---|
| Return on capital employed | 11.4% | 15.6% | |
| Gearing (liabilities / total assets) | 12.6% | 11.0% | |
| Current ratio | 3.24x | 10.60x | |
| Interest cover | 19.53x | 28.53x |
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 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Following all the investigations made in the Viability review above, the directors have concluded that the company has adequate resources to continue in operational existence.”
Significant events
- “During the year 792,017 ordinary shares were repurchased to be held in treasury.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 32 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAXENDALE, Nira Kishor | Secretary | 2025-05-20 | — | — |
| SALT, Kirsten June | Secretary | 2000-01-10 | — | British |
| EDGAR, Lisa Maria | Director | 2024-01-01 | Oct 1968 | British |
| GALLOWAY, Neil John | Director | 2025-07-01 | Dec 1968 | British |
| MCKELLAR, Karen Emery | Director | 2020-05-01 | Oct 1969 | British |
| PATEL, Parimal | Director | 2024-03-01 | Jul 1967 | Kenyan |
Show 32 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ASCHAM, Kathleen Rose | Secretary | 1994-05-09 | 1997-06-30 |
| EMUSS, Eleanor | Secretary | 2017-06-26 | 2022-03-11 |
| FROST, Leonora Marian | Secretary | 1995-12-01 | 1996-05-21 |
| FROST, Leonora Marian | Secretary | — | 1994-05-09 |
| INGRAM, Peter William Irving | Secretary | 2005-01-10 | 2015-02-27 |
| LAGO, Tracey Anne | Secretary | 2015-02-27 | 2017-06-26 |
| LONGCROFT, Peter Leonard | Secretary | — | 2000-05-10 |
| NICE, Kelly | Secretary | 2022-07-07 | 2025-05-30 |
| SCHRAGER VON ALTISHOFEN, Nicola Jane | Secretary | 1997-07-14 | 2000-01-10 |
| ARMSTRONG, Douglas Alexander | Director | 2020-06-23 | 2020-06-23 |
| ARMSTRONG, Douglas Alexander | Director | 2020-04-27 | 2020-04-27 |
| BANHAM, John Michael Middlecott, Sir | Director | — | 2007-05-14 |
| BARFIELD, Richard Arthur | Director | 1999-05-10 | 2011-05-10 |
| BIRKIN, John Derek, Sir | Director | — | 1999-09-13 |
| BLACK, Colin Hyndmarsh | Director | — | 2000-05-08 |
| CLARK, Colin Martin | Director | 2019-06-30 | 2026-09-30 |
| DRAKESMITH, Nicholas Timon | Director | 2016-11-01 | 2025-05-20 |
| FORBES, Anthony David Arnold William | Director | 1994-07-11 | 2002-05-13 |
| FRASER, Simon John | Director | 2009-08-16 | 2019-09-01 |
| HOPKINSON, David Hugh Laing | Director | — | 1999-05-10 |
| MCKEON, Michael James Edward | Director | 2008-05-01 | 2017-01-31 |
| REID, Robert Paul, Sir | Director | 1995-01-09 | 2008-05-13 |
| RISK, Thomas Neilson, Sir | Director | — | 1994-05-09 |
| SASSOON, James Meyer, Sir | Director | 2006-07-11 | 2010-05-20 |
| SCOTT PLUMMER, Patrick Joseph | Director | 1997-05-12 | 2009-05-12 |
| SIDDONS, Benjamin Charles Reid | Director | — | 1998-12-31 |
| SIEGHART, Mary Ann | Director | 2014-11-03 | 2024-01-25 |
| STANLEY, Sybella Jane | Director | 2014-11-03 | 2024-03-21 |
| STAUNTON, Henry Eric | Director | 2008-05-01 | 2014-12-31 |
| STEVENSON, Hugh Alexander | Director | 1999-09-13 | 2010-05-11 |
| TUKE, Anthony Favill, Sir | Director | — | 1994-05-09 |
| YATES, Paul Tennant | Director | 2011-03-21 | 2020-05-01 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 560 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-06 RESOLUTIONS Resolution
- 2025-05-29 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-16 | AA | accounts | Accounts with accounts type interim | |
| 2026-10-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-27 | AA | accounts | Accounts with accounts type interim | |
| 2026-07-24 | AA | accounts | Accounts with accounts type full | |
| 2026-06-26 | AUD | auditors | Auditors resignation company | |
| 2026-06-06 | RESOLUTIONS | resolution | Resolution | |
| 2026-06-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-05-06 | AD02 | address | Change sail address company with old address new address | |
| 2026-03-11 | AA | accounts | Accounts with accounts type interim | |
| 2026-01-07 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-01-07 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-12-03 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-12-03 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-10-09 | AA | accounts | Accounts with accounts type interim | |
| 2025-07-21 | AA | accounts | Accounts with accounts type interim | |
| 2025-07-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-30 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-05-29 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-29 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 4
- Officers appointed
- 0
- Officers resigned
- 1
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.