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Cash

£3.7M

+50.3% highest in 3 filed years

Net assets

£340M

+12.2% vs 2024

Employees

Average over period

Profit before tax

£20M

+4.9% vs 2024

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31

Metric Trend 2023-12-312024-12-312025-12-31 Δ vs prior
Turnover £15,397,000£20,513,000£21,258,000 +3.6%
Operating profit £24,150,000£18,639,000£19,550,000 +4.9%
Profit before tax £21,566,000£18,639,000£19,550,000 +4.9%
Net profit £21,420,000£18,301,000£19,242,000 +5.1%
Cash £1,990,000£2,493,000£3,746,000 +50.3%
Total assets less current liabilities £242,209,000£323,086,000£360,082,000 +11.5%
Net assets £303,207,000£340,193,000 +12.2%
Equity £303,207,000£340,193,000 +12.2%
Average employees
Wages
Directors' remuneration £168,225£187,581 +11.5%

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 2023-12-312024-12-312025-12-31
Operating margin 156.8%90.9%92.0%
Net margin 139.1%89.2%90.5%
Return on capital employed 10.0%5.8%5.4%
Gearing (liabilities / total assets) 18.4%16.2%
Current ratio 0.13x0.10x0.13x
Interest cover 9.35x5.16x6.88x

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

  1. HENDERSON HIGH INCOME TRUST PLC 1997-03-21 → present
  2. TR HIGH INCOME TRUST PLC 1989-09-13 → 1997-03-21

Audit & accounting basis

Accounting basis
FRS 102
Reporting scope
Standalone (parent only)
Auditor
PricewaterhouseCoopers LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The Directors have considered the liquidity of the portfolio and concluded that the assets of the Company consist of securities that are readily realisable. They have concluded that the Company is able to meet its financial obligations, including the repayment of the bank loan, as they fall due for a period to 25 March 2027, which is at least 12 months from the date of the approval of the financial statements. The Board has determined that it is appropriate to adopt the going concern basis of accounting in preparing the financial statements.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

6 active · 17 resigned

Name Role Appointed Born Nationality
JANUS HENDERSON SECRETARIAL SERVICES UK LIMITED Corporate Secretary
CRANFIELD, Richard William Lionel Director 2020-03-01 Jan 1956 British
ECSERY, Francesca Eva Director 2022-12-31 Jul 1963 British,Hungarian
RATHI, Preeti Director 2024-12-31 Oct 1986 British
RIGG, Jeremy Peter Director 2018-04-01 Nov 1966 British
SILVER, Jonathan Charles Director 2019-01-02 Sep 1957 British
Show 17 resigned officers
Name Role Appointed Resigned
BAZALGETTE, Vivian Paul Director 2004-11-01 2016-05-03
BEAUMONT DARK, Anthony Michael, Sir Director 2002-05-01
BELL, Andrew Leighton Craig Director 2004-11-01 2018-05-09
CURTIS, Job Sebastian Director 1994-06-01 2002-05-01
DALBY, Patrick Claude John Director 1997-04-24 2006-05-02
DUNKERLEY, Christopher Director 2008-05-13
EASON, William Duncan Director 2006-05-02
KING, Zoe Director 2016-04-01 2025-05-13
LITTLEJOHNS, Margaret Director 2008-07-01 2021-05-24
LOVELL, Penny Ann Director 2021-01-01 2022-09-30
MACLEAN, Lachlan Roderick Director 1997-04-24
MANDUCA, Paul Victor Sant Director 1994-05-31
NEWHOUSE, Anthony John Raymond Director 2008-07-01 2020-06-23
STANLEY, John Paul, The Rt Hon Sir Director 1997-04-24 2007-05-15
STUTTAFORD, William Royden, Sir Director 1997-04-24 1999-01-02
TWISS, Hugh Jolyon Director 2003-10-01 2016-05-03
WALKER, Janet Sheila Director 2007-06-01 2019-05-08

Ownership

Persons with significant control

No persons with significant control on record.

Filing timeline

Last 20 of 444 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2026-06-01 RESOLUTIONS Resolution
  • 2025-05-20 RESOLUTIONS Resolution
Date Type Category Description
2026-06-01 RESOLUTIONS resolution Resolution
2026-05-21 AA accounts Accounts with accounts type full
2026-04-17 SH03 capital Capital return purchase own shares treasury capital date
2026-03-02 SH03 capital Capital return purchase own shares treasury capital date
2026-02-23 SH03 capital Capital return purchase own shares treasury capital date
2026-01-16 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-12-08 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
2025-12-03 SH03 capital Capital return purchase own shares treasury capital date
2025-11-25 SH03 capital Capital return purchase own shares treasury capital date
2025-11-13 SH03 capital Capital return purchase own shares treasury capital date
2025-10-30 SH03 capital Capital return purchase own shares treasury capital date
2025-10-06 SH03 capital Capital return purchase own shares treasury capital date
2025-09-15 SH03 capital Capital return purchase own shares treasury capital date
2025-09-05 CH01 officers Change person director company with change date PDF
2025-07-18 SH03 capital Capital return purchase own shares treasury capital date
2025-07-18 SH03 capital Capital return purchase own shares treasury capital date
2025-05-20 RESOLUTIONS resolution Resolution
2025-05-20 AA accounts Accounts with accounts type full

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
18

last 12 months

Capital events
14

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page