MERCHANTS TRUST PLC(THE)
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Cash
£9.3m
Latest balance sheet
Net assets
£960m
Equity attributable
Employees
—
Average over period
Profit before tax
£17m
Period ending 2026-05-31
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2026-05-31
| Metric | Trend | 2025-11-30 | 2026-05-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | £22,996,537 | — | |
| Operating profit | £104,175,683 | £19,146,743 | — | |
| Profit before tax | £99,269,490 | £17,202,587 | — | |
| Net profit | £99,024,246 | £16,996,339 | — | |
| Cash | £11,539,600 | £9,318,056 | — | |
| Total assets less current liabilities | £1,019,443,815 | £1,077,307,639 | — | |
| Net assets | £901,080,173 | £959,505,602 | — | |
| Equity | £901,080,173 | £959,505,602 | — | |
| Average employees | — | — | — | |
| Wages | — | — | — | |
| Directors' remuneration | £142,835 | £51,272 | — |
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 —. Year-on-year comparison hidden: this filing covers about 4 months versus 10 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2025-11-30 | 2026-05-31 |
|---|---|---|---|
| Operating margin | — | 83.3% | |
| Net margin | — | 73.9% | |
| Return on capital employed | 10.2% | 1.8% | |
| Gearing (liabilities / total assets) | — | 11.2% | |
| Current ratio | 4.98x | 6.10x | |
| Interest cover | 21.23x | 9.85x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Audit opinion
- Unaudited (audit-exempt)
- Going concern
- Affirmed
“The directors believe that it is appropriate to continue to adopt the going concern basis in preparing the financial statements as the assets of the company consist mainly of securities, which are readily realisable and significantly exceed liabilities. Accordingly, the directors believe that the company has adequate financial resources, to continue in operational existence for the foreseeable future. The directors have also considered the risks and consequences of unanticipated shocks on the company, including geopolitical and macroeconomic events and have concluded that the company has the ability to continue in operation and meet its objectives for twelve months after the approval of the financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 31 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAXENDALE, Nira Kishor | Secretary | 2025-05-20 | — | — |
| SALT, Kirsten June | Secretary | 2000-01-10 | — | British |
| CLARK, Colin Martin | Director | 2019-06-30 | Apr 1959 | 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 31 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 |
| 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 561 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-06 RESOLUTIONS Resolution
- 2025-05-29 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-27 | 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 | |
| 2025-05-21 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-05-20 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 4
- Officers appointed
- 0
- Officers resigned
- 0
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.