NPL MANAGEMENT LIMITED
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Cash
£20m
-23.3% lowest in 3 filed years
Net assets
£79m
-3.3% lowest in 3 filed years
Employees
1,451
+6.5% highest in 3 filed years
Profit before tax
£546k
-88.7% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 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 Consumer Discretionary 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 | £156,122,000 | £180,002,000 | £200,758,000 | +11.5% | |
| Operating profit | £6,187,000 | £4,459,000 | £376,000 | -91.6% | |
| Profit before tax | £6,777,000 | £4,814,000 | £546,000 | -88.7% | |
| Net profit | £7,081,000 | -£4,077,000 | -£316,000 | +92.2% | |
| Cash | £38,359,000 | £25,519,000 | £19,564,000 | -23.3% | |
| Total assets less current liabilities | £89,883,000 | £91,152,000 | £93,753,000 | +2.9% | |
| Net assets | £89,492,000 | £81,293,000 | £78,625,000 | -3.3% | |
| Equity | £89,492,000 | £81,293,000 | £78,625,000 | -3.3% | |
| Average employees | 1,217 | 1,362 | 1,451 | +6.5% | |
| Wages | £58,182,000 | £70,317,000 | £76,478,000 | +8.8% | |
| Directors' remuneration | £675,000 | £901,000 | £864,000 | -4.1% |
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 | 4.0% | 2.5% | 0.2% | |
| Net margin | 4.5% | -2.3% | -0.2% | |
| Return on capital employed | 6.9% | 4.9% | 0.4% | |
| Gearing (liabilities / total assets) | 43.6% | 50.9% | — | |
| Current ratio | 1.30x | 1.12x | 1.12x | |
| Interest cover | 4.78x | 3.03x | 0.23x |
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
- NPL MANAGEMENT LIMITED 1995-02-10 → present
- VERBAY LIMITED 1994-06-10 → 1995-02-10
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.”
Significant events
- “NPL’s ytterbium ion optical clock, NPL-E3Yb+3, made its first contribution to steering International Atomic Time (TAI).”
- “NPL marked 125 years of advanced materials research, it hosted the 50th VAMAS Steering Committee.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
12 active · 58 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| THOMAS, Mark Lindsay | Secretary | 2024-08-12 | — | — |
| BELL, Carol, Dr | Director | 2022-08-01 | Oct 1958 | British |
| CHANG, Andrew Courtney | Director | 2022-08-01 | Feb 1963 | British |
| HOLT, Penelope Jane | Director | 2018-09-26 | Feb 1972 | British |
| JAMIESON, Lindsay Helen | Director | 2023-09-04 | May 1987 | British |
| JARVIS, Stephen Andrew, Professor | Director | 2025-10-16 | Jul 1970 | British |
| MCARTHUR, Stephen Dominick James, Professor | Director | 2025-10-16 | May 1971 | British |
| QUINN, Catherine Ward | Director | 2020-11-12 | Sep 1958 | British |
| REID, Graeme, Professor | Director | 2021-01-01 | Jul 1955 | British |
| SCHMOLKE, Catriona Mary Robertson | Director | 2022-08-01 | Mar 1964 | British |
| SORRELL, Robert Michael, Dr | Director | 2022-07-01 | Oct 1959 | British |
| THOMPSON, Peter Anthony, Dr | Director | 2015-09-03 | Jul 1967 | British |
Show 58 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANSON, Nicola | Secretary | 2013-01-01 | 2018-04-06 |
| ARMSTRONG, Andrew John | Secretary | 2018-04-12 | 2019-08-31 |
| BOLSTER, John Roger | Secretary | 2000-06-09 | 2001-01-31 |
| HUNTER, Rebecca Cordelia | Secretary | 2020-02-13 | 2024-06-04 |
| MANN, Alan Raymond | Secretary | 2001-01-31 | 2013-01-01 |
| MANN, Alan Raymond | Secretary | 1995-01-18 | 2000-06-09 |
| PRICE, Deborah | Nominee Secretary | 1994-06-10 | 1994-09-29 |
| TODD, Francesca Anne | Secretary | 2005-07-27 | 2006-05-31 |
| SERCO CORPORATE SERVICES LIMITED | Corporate Secretary | 2007-09-14 | 2015-01-01 |
| ANSON, Nicola | Director | 2013-01-01 | 2018-04-06 |
| ARCHER-JONES, Keith Edward | Director | 2007-07-31 | 2010-01-27 |
| BEESTON, Kevin Stanley | Director | 1999-09-22 | 2003-04-17 |
| BENNETT, Seton John, Dr | Director | 2001-10-01 | 2009-09-01 |
| BOWSHER, Brian Robert, Doctor | Director | 2009-03-01 | 2015-06-30 |
| BROOK, Richard Anthony | Director | 2004-03-01 | 2015-12-31 |
| BROOK, Richard Anthony | Director | 2000-10-25 | 2003-04-17 |
| BROOKS, Amanda Melanie Kendall | Director | 2015-01-01 | 2016-07-30 |
| BRYAN, Everton | Director | 1995-01-18 | 1995-09-01 |
| BULLOUGH, Ronald, Professor | Director | 1995-09-01 | 1998-10-01 |
| CORNWELL, Anthony Bruce | Director | 1995-01-18 | 1995-09-01 |
| DOWNIE, Ian Wilson | Director | 2011-07-27 | 2015-01-01 |
| DUNNE, Timothy James Lawson, Professor | Director | 2025-05-17 | 2025-09-15 |
| DUNSBY, Louise | Director | 2020-10-01 | 2021-02-11 |
| GANGE, Peter Alan | Director | 1995-09-01 | 1996-11-26 |
| GIACHARDI, David John, Dr | Director | 1999-01-25 | 2001-09-30 |
| GRANT, David, Sir | Director | 2015-05-01 | 2021-09-30 |
| GRAY, George Gowans, Dr | Director | 1997-10-29 | 2002-09-30 |
| GRAY, George Gowans, Dr | Director | 1995-09-01 | 1996-11-13 |
| HADLEY, Paul Simon | Director | 2016-04-27 | 2018-11-12 |
| HART, Robin, Dr | Director | 2022-01-01 | 2023-02-14 |
| HOWARTH, Paul John Arton, Dr | Director | 2015-01-01 | 2021-01-04 |
| HOWIE, Archibald, Professor | Director | 1995-09-01 | 2001-09-30 |
| HURST, Stephanie, Dr | Director | 2018-11-12 | 2020-08-14 |
| KEARNEY, Michael | Director | 2015-09-28 | 2017-01-01 |
| KELLY, Anthony, Professor | Director | 1995-09-01 | 2001-09-30 |
| LAWLOR, Timothy Charles | Director | 2010-01-27 | 2011-07-27 |
| LEWIS, Nesta Margaret | Nominee Director | 1994-06-10 | 1994-09-29 |
| LU, Gaoqing Max | Director | 2017-01-01 | 2025-05-17 |
| MANN, Alan Raymond | Director | 1995-01-18 | 2013-01-01 |
| MARSH, Maxwell Clive, Dr | Director | 2004-01-28 | 2008-01-31 |
| MCDONALD, James Rufus, Professor Sir | Director | 2015-05-21 | 2025-09-10 |
| MCGUINESS, Robert Clayton, Dr | Director | 2000-03-16 | 2007-07-26 |
| MCQUILLAN, Stephen | Director | 2005-01-26 | 2008-09-30 |
| MCSWEENEY, David Keith | Director | 2023-06-14 | 2024-02-19 |
| PERRY, Nigel John | Director | 2016-06-01 | 2022-05-24 |
| RAE, John, Doctor | Director | 1995-09-01 | 2005-12-31 |
| RICHARDSON, David Charles | Director | 2004-03-01 | 2006-06-30 |
| RICHARDSON, David Charles | Director | 1998-10-07 | 2003-04-17 |
| SANDFORD, David Alexander | Director | 2023-01-09 | 2023-09-04 |
| SAWARD, Victoria Helen, Dr | Director | 2023-10-02 | 2026-02-25 |
| SENE, Martyn Russell | Director | 2009-10-28 | 2021-12-31 |
| SNOWDEN, Christopher Maxwell, Professor Sir | Director | 2015-04-01 | 2015-09-28 |
| SUTCLIFFE, Brigid Ann | Director | 2016-03-01 | 2022-09-28 |
| WALLACE, Harriet | Director | 2021-02-11 | 2023-01-09 |
| WALLARD, Andrew John, Dr | Director | 1995-10-01 | 2002-02-28 |
| WHELAN, Robert Charles, Dr | Director | 1995-09-01 | 1998-10-01 |
| WILLIAMS, Peter Michael, Sir | Director | 2002-01-01 | 2015-01-01 |
| WYKE, John Brynley | Director | 1998-10-07 | 1999-09-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Secretary Of State For Dsit | Legal person | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 241 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-29 | AA | accounts | Accounts with accounts type full | |
| 2026-06-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-05-19 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-23 | PSC06 | persons-with-significant-control | Change to a person with significant control | |
| 2026-04-23 | CH01 | officers | Change person director company with change date | |
| 2026-04-23 | CH01 | officers | Change person director company with change date | |
| 2026-02-26 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-09-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-20 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-11 | CH01 | officers | Change person director company with change date | |
| 2024-08-21 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-07-31 | AA | accounts | Accounts with accounts type full | |
| 2024-06-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-04 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 3
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.