JPMORGAN EUROPEAN DISCOVERY TRUST PLC
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Cash
£9.1m
Latest balance sheet
Net assets
£584m
Equity attributable
Employees
—
Average over period
Profit before tax
£19m
Period ending 2026-03-31
Net assets
4-year trend · vs Financials median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | |
| Operating profit | — | £14,310,000 | — | £19,388,000 | — | |
| Profit before tax | -£7,781,000 | £10,433,000 | £102,255,000 | £18,696,000 | — | |
| Net profit | -£10,750,000 | £6,543,000 | £100,986,000 | £17,446,000 | — | |
| Cash | £376,000 | £23,701,000 | £312,000 | £9,085,000 | — | |
| Total assets less current liabilities | £669,106,000 | £586,250,000 | £586,705,000 | — | — | |
| Net assets | £610,864,000 | £586,250,000 | £586,705,000 | £584,149,000 | — | |
| Equity | £610,864,000 | £586,250,000 | £586,705,000 | £584,149,000 | — | |
| Average employees | — | — | — | — | — | |
| Wages | — | — | — | — | — | |
| Directors' remuneration | — | — | — | — | — |
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 12 months versus 6 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|
| Return on capital employed | — | 2.4% | — | — | |
| Gearing (liabilities / total assets) | 8.8% | 9.5% | 10.7% | 0.5% | |
| Current ratio | 56.35x | 1.00x | 0.50x | 1.00x | |
| Interest cover | — | 20.95x | — | 28.02x |
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 5 times since incorporation
- JPMORGAN EUROPEAN DISCOVERY TRUST PLC 2021-06-15 → present
- JPMORGAN EUROPEAN SMALLER COMPANIES TRUST PLC 2010-07-08 → 2021-06-15
- JPMORGAN EUROPEAN FLEDGELING INVESTMENT TRUST PLC 2006-07-12 → 2010-07-08
- JPMORGAN FLEMING EUROPEAN FLEDGELING INVESTMENT TRUST PLC 2002-07-22 → 2006-07-12
- THE FLEMING EUROPEAN FLEDGELING INVESTMENT TRUST PLC 1990-03-12 → 2002-07-22
- PRICEBALANCE PUBLIC LIMITED COMPANY 1989-10-10 → 1990-03-12
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Thus, the Directors consider five years to be an appropriate time horizon to assess the Company's viability and confirm that they have a reasonable expectation that the Company will be able to continue in operation and meet its liabilities as they fall due over that period.”
Significant events
- “The Board decided to renew a fixed two year 6.25 million revolving credit facility with Bank of Scotland. The facility was not drawn down at the year end.”
- “As a result during the year 19,458,212 shares were repurchased, at a cost of £101.9 million representing 14.3% of the Company's issued share capital.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 21 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JPMORGAN FUNDS LIMITED | Corporate Secretary | 2014-07-01 | — | — |
| JASKI, Christiaan Michiel | Director | 2026-02-09 | Feb 1959 | Dutch |
| ROSS, Suzy Jane | Director | 2022-03-01 | Jun 1973 | British |
| SARWAL, Arun Kumar | Director | 2023-07-19 | Dec 1957 | British |
| VAN GELDER, Marc Christiaan | Director | 2016-08-01 | May 1961 | Dutch |
| WATTERS, Sarah Jane | Director | 2021-07-01 | Sep 1971 | British |
| WILL, James Robert | Director | 2024-07-24 | Apr 1955 | British |
Show 21 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FLEMING INVESTMENT TRUST MANAGEMENT LIMITED | Corporate Secretary | — | 2000-06-01 |
| JPMORGAN ASSET MANAGEMENT (UK) LIMITED | Corporate Secretary | 2000-06-01 | 2014-07-01 |
| AIREY, Elisabeth Patricia | Director | 2000-01-10 | 2011-07-08 |
| CORDREY, Tanya Rose | Director | 2019-07-10 | 2021-11-26 |
| DAVIDSON, Anthony Beverley | Director | 2005-05-13 | 2015-07-10 |
| DOBSON, Carolan | Director | 2010-09-01 | 2019-07-10 |
| DROSSAERT, Jacques | Director | 1999-01-01 | 2007-07-13 |
| GIFFORD, Patrick Antony Francis | Director | — | 2003-07-22 |
| GOBBI, Luciano | Director | — | 1998-12-31 |
| GUPTA, Ashok Kumar | Director | 2013-01-01 | 2023-07-19 |
| HART, Michael | Director | 1997-10-22 | 2006-07-12 |
| MANDUCA, Paul Victor Falzon Sant | Director | 2005-12-01 | 2012-12-31 |
| MARESCOTTI, Federico | Director | 2005-12-01 | 2016-06-30 |
| METZLER, Friedrich Von | Director | — | 1996-07-31 |
| ROTHIG, Jurgen Karl | Director | 1996-10-16 | 1999-07-06 |
| SMITH, Nicholas Michael Norman | Director | 2015-05-01 | 2024-07-24 |
| ST JOHN BIRT, Michael Cameron | Director | — | 1993-12-13 |
| THORNTON, Christopher John | Director | 1994-12-12 | 2005-07-14 |
| TWISS, Hugh Jolyon | Director | — | 1998-07-09 |
| WHITE, Stephen Frank | Director | 2012-04-01 | 2021-10-31 |
| WROBEL, Michael Aleksander | Director | 2003-04-08 | 2012-07-18 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 549 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-22 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-05 | AA | accounts | Accounts with accounts type full | |
| 2026-06-20 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-20 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-20 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-10 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-10 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-10 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-10 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-03 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-03 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-03 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-02-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-13 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-02-13 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-02-13 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-01-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-24 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-12-24 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-12-24 | SH03 | capital | Capital return purchase own shares treasury capital date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 16
- Officers appointed
- 1
- 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.