ROYAL LONDON ASSET MANAGEMENT LIMITED
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Cash
£26M
-45.5% lowest in 3 filed years
Net assets
£158M
-34% lowest in 3 filed years
Employees
591
+10.7% highest in 3 filed years
Profit before tax
£8.4M
-70.3% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £209,516,000 | £237,855,000 | £239,878,000 | +0.9% | |
| Operating profit | £9,190,000 | £19,858,000 | £342,000 | -98.3% | |
| Profit before tax | £19,587,000 | £28,268,000 | £8,405,000 | -70.3% | |
| Net profit | £15,061,000 | £21,107,000 | £6,375,000 | -69.8% | |
| Cash | £50,527,000 | £47,341,000 | £25,823,000 | -45.5% | |
| Total assets less current liabilities | £227,293,000 | £245,114,000 | £162,240,000 | -33.8% | |
| Net assets | £218,388,000 | £239,495,000 | £158,070,000 | -34% | |
| Equity | £218,388,000 | £239,495,000 | £158,070,000 | -34% | |
| Average employees | 469 | 534 | 591 | +10.7% | |
| Wages | — | £123,141,000 | £127,405,000 | +3.5% | |
| Directors' remuneration | £2,522,000 | £2,358,000 | £1,803,000 | -23.5% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 4.4% | 8.3% | 0.1% | |
| Net margin | 7.2% | 8.9% | 2.7% | |
| Return on capital employed | 4.0% | 8.1% | 0.2% | |
| Current ratio | 2.93x | 7.84x | 1.16x |
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.
Name history
Renamed 1 time since incorporation
- ROYAL LONDON ASSET MANAGEMENT LIMITED 1988-06-17 → present
- BALLARO LIMITED 1988-04-14 → 1988-06-17
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have also concluded that there are no material uncertainties over the Company's ability to adopt the going concern basis of accounting.”
Significant events
- “Launched first Collateralised Loan Obligation (CLO), which was oversubscribed, and second CLO launched in 2026.”
- “Expanded global footprint, making first hire in Australia and launching four funds in the country.”
- “Short-term money market fund surpassed £10bn AUM during the year.”
- “Launched a Healthcare REIT demonstrating the ongoing development of Property business.”
- “In April 2025 all eight UK-based funds in the £11bn Sustainable fund range adopted a Sustainability Focus label under the FCA's Sustainable Disclosure Requirements (SDR) requirements, becoming the largest sustainable-labelled fund manager in the UK.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 39 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ROYAL LONDON MANAGEMENT SERVICES LIMITED | Corporate Secretary | 2005-06-03 | — | — |
| BATEMAN, Rory Lawrence | Director | 2025-11-05 | Aug 1969 | British |
| GEORGESON, Hans Iain | Director | 2021-06-24 | Dec 1971 | British |
| KERSHAW, Dagmar Aspatria Kent | Director | 2024-02-27 | Feb 1968 | British |
| MCNAMARA, Richard Patrick | Director | 2026-05-11 | Dec 1968 | British |
| PUREWAL, Parwinder Singh | Director | 2023-02-14 | Jun 1959 | British |
| RING, Nicholas John | Director | 2024-06-05 | Oct 1965 | British |
Show 39 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARBER, Bernadette Clare | Secretary | 2002-04-02 | 2005-06-03 |
| FARMER, Sven Dean | Secretary | — | 1996-03-31 |
| ROSS, Murray John | Secretary | 1996-04-01 | 2002-04-02 |
| BEESLEY, Mark Christopher | Director | — | 1999-06-30 |
| BRILL, Cyril | Director | — | 1993-01-31 |
| CARTER, Andrew Stewart | Director | 2002-04-03 | 2021-06-28 |
| COFFEY, Jane Heather | Director | 2005-01-01 | 2013-02-19 |
| DALDORPH, Howard Andrew Carle | Director | — | 2001-06-01 |
| DICKINSON, Gareth Richard Stewart | Director | 2009-08-17 | 2013-12-31 |
| DORAN, Paul, Dr | Director | 2005-08-25 | 2008-05-16 |
| ELLIS, Graham George | Director | — | 2000-04-28 |
| GARROOD, Shirley Jill | Director | 2021-02-16 | 2023-06-06 |
| HARRIS, Timothy Walter | Director | 2015-07-09 | 2018-06-14 |
| HILLIER, Piers Adrian Carlyle | Director | 2015-03-26 | 2025-09-05 |
| HUGHES, Seamus Martin Anthony | Director | 2000-02-03 | 2002-08-31 |
| HUGHSON, David Callum | Director | 2002-04-03 | 2004-12-31 |
| HUNT, Andrew Lawrence | Director | 2018-01-03 | 2026-04-30 |
| JAMES, Richard | Director | 2002-04-03 | 2017-12-31 |
| KOSLOWSKI, Alexander Rudolf Dieter | Director | 2018-06-12 | 2019-12-21 |
| MACDONALD, Jonathan Mark | Director | 2014-07-10 | 2015-03-05 |
| MARTIN, Julia Helen | Director | 2005-01-01 | 2007-08-10 |
| MONTAGUE, Andrea Gertrude Martha | Director | 2018-07-19 | 2020-03-17 |
| MORSON, Christopher | Director | 2020-07-24 | 2025-07-23 |
| MUIR, Victoria Anne | Director | 2009-08-17 | 2014-02-28 |
| MURRAY, Steven Grant | Director | 2020-04-30 | 2021-06-29 |
| O'BRIEN, Ann | Director | 2020-07-24 | 2023-07-23 |
| PALMER, Andrew William | Director | 2016-10-18 | 2020-04-03 |
| PARRY, Kevin Allen Huw | Director | 2020-04-04 | 2021-06-24 |
| PHILLIPS, Christopher Martin | Director | 2000-04-17 | 2003-09-19 |
| PLATT, Jonathan | Director | 2003-09-22 | 2017-04-11 |
| POLLARD, Rodney Keith | Director | — | 1998-12-31 |
| READ, Catherine Rebecca | Director | 2018-01-11 | 2021-09-30 |
| SCHMIDT, Paul Dieter | Director | 2003-12-02 | 2006-01-23 |
| SMITH, Ewan Farquharson | Director | 2015-06-26 | 2025-12-29 |
| SWAN, Robert George Alexander | Director | 1993-02-01 | 2000-08-03 |
| TALBUT, Robert Edwin | Director | 2004-11-22 | 2014-12-31 |
| TOVEY, John Robert | Director | 1996-01-01 | 2002-04-03 |
| WILLIAMS, Robert Arthur Daniel | Director | 2013-07-10 | 2024-04-26 |
| YARDLEY, Michael John | Director | — | 2010-05-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Royal London Asset Management Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-11-04 | Active |
| Royal London Mutual Insurance Society Limited (The) | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2020-11-04 |
Filing timeline
Last 20 of 231 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-21 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-15 | AA | accounts | Accounts with accounts type full | |
| 2026-05-06 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-14 | AA | accounts | Accounts with accounts type full | |
| 2025-02-04 | CH01 | officers | Change person director company with change date | |
| 2024-07-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-13 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-26 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-15 | AA | accounts | Accounts with accounts type full | |
| 2024-03-06 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-26 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-03 | CH01 | officers | Change person director company with change date | |
| 2023-07-03 | CH01 | officers | Change person director company with change date | |
| 2023-07-03 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 4
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.