THE INVESTMENT ASSOCIATION
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Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
—
Average over period
Profit before tax
£657K
-28.3% vs 2024
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 | £17,800,468 | £18,397,549 | £19,028,293 | +3.4% | |
| Operating profit | £71,613 | £259,527 | £38,838 | -85% | |
| Profit before tax | £360,072 | £916,753 | £657,147 | -28.3% | |
| Net profit | £7,433 | £672,891 | £414,057 | -38.5% | |
| Cash | £12,080,679 | £15,411,667 | — | — | |
| Total assets less current liabilities | £5,342,237 | £6,015,128 | — | — | |
| Net assets | £5,342,237 | £6,015,128 | — | — | |
| Equity | £5,342,237 | £6,015,128 | — | — | |
| Average employees | 98 | 95 | — | — | |
| Wages | £9,298,970 | £9,273,295 | — | — | |
| Directors' remuneration | £1,241,082 | £1,267,558 | — | — |
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 | 0.4% | 1.4% | 0.2% | |
| Net margin | 0.0% | 3.7% | 2.2% | |
| Return on capital employed | 1.3% | 4.3% | — | |
| Gearing (liabilities / total assets) | 75.2% | 74.7% | — | |
| Current ratio | 1.29x | 1.30x | — |
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
- THE INVESTMENT ASSOCIATION 2015-01-02 → present
- INVESTMENT MANAGEMENT ASSOCIATION 2001-12-20 → 2015-01-02
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The board has made appropriate enquiries and has concluded that the expected level of member subscriptions will cover forecast expenses and therefore it is reasonable to assert that the company and the group will remain in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.”
Group structure
- THE INVESTMENT ASSOCIATION · parent
- The Investment Association Services Limited 100%
- The IA Engine Ltd 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
18 active · 81 resigned
Showing the first 100 officers on file — Companies House returns these 100 per page and this record sits at that limit, so the list (and any former officers) may be incomplete. Full register on Companies House
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KNIGHT, Jack Willoughby | Secretary | 2014-03-01 | — | — |
| ADLER, Eric | Director | 2025-09-17 | Aug 1968 | American,French |
| ALEXANDER, Samantha | Director | 2025-09-17 | May 1975 | British |
| CLEBORNE, Jonathan Guy | Director | 2025-04-16 | Aug 1980 | American |
| CUMMINGS, Christopher James | Director | 2016-09-21 | Nov 1967 | British |
| ELWELL, Rachel Louisa | Director | 2020-09-16 | Sep 1974 | British |
| FITZPATRICK, Mark Thomas | Director | 2024-05-23 | Apr 1968 | Irish |
| GEDDES, Paul Robert | Director | 2024-09-25 | Jun 1969 | British |
| GEORGESON, Hans Iain | Director | 2024-09-25 | Dec 1971 | British |
| KARIM, Ouajnat | Director | 2026-05-06 | Jun 1979 | French,British |
| MACGILLIVRAY, Kirstie Sarah | Director | 2022-09-27 | Oct 1973 | British |
| MALLOY, Matthew Holian | Director | 2024-09-25 | Jun 1969 | American |
| MELVIN, Sarah Louise | Director | 2024-09-25 | Feb 1971 | British |
| METTERS, Keith Edward | Director | 2025-06-12 | Nov 1970 | American |
| PINTO, Gilou Joseph | Director | 2023-09-27 | May 1969 | French |
| PRENDERGAST, Ann | Director | 2024-05-23 | Jun 1973 | Irish |
| VERSEY, Mark Richard Beavis | Director | 2021-01-27 | Aug 1972 | British |
| WIGGINS, Sasha Rebecca | Director | 2025-09-17 | Apr 1974 | British |
Show 81 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MICHELL, Alison Mary | Secretary | 2001-12-20 | 2003-11-30 |
| SMITH, Carolyn Patricia | Secretary | 2003-12-01 | 2014-03-01 |
| AHMAD, Muhammad Irshaad | Director | 2013-06-05 | 2019-09-18 |
| ALTINGER, Alexandra Maria | Director | 2021-09-15 | 2024-01-10 |
| ANNABLE, Matthew John | Director | 2006-05-25 | 2009-05-19 |
| ARMOUR, Gregory Mark | Director | 2014-09-03 | 2016-12-15 |
| ARONA, Marcello | Director | 2023-09-27 | 2024-11-15 |
| BATEMAN, Barry Richard James | Director | 2001-12-20 | 2006-05-24 |
| BEESLEY, Matthew Charles | Director | 2025-02-11 | 2025-02-11 |
| BERENS, Jasper Luke | Director | 2014-09-03 | 2018-12-03 |
| BIRD, Stephen | Director | 2022-04-27 | 2024-06-15 |
| BONHAM CARTER, Edward Henry | Director | 2004-06-08 | 2009-05-19 |
| BREEDON, Timothy James | Director | 2004-06-08 | 2005-12-31 |
| BROWN, Alan John | Director | 2009-10-28 | 2014-11-18 |
| BURTON, Alan Christopher | Director | 2001-12-20 | 2003-05-14 |
| CARMIGNAC, Maxime Chloe Paulina | Director | 2015-09-08 | 2021-09-15 |
| CHAMBERS, Christopher Peter | Director | 2007-05-22 | 2015-09-08 |
| CHARRINGTON, Nicholas James | Director | 2011-06-14 | 2015-09-08 |
| CHENE, Claude Andre | Director | 2010-06-08 | 2012-12-31 |
| COHEN, Michael Micha | Director | 2015-09-08 | 2021-09-15 |
| COHEN, Stephen Harold | Director | 2021-09-15 | 2024-02-23 |
| COLLINS, Crispian Hilary Vincent | Director | 2001-12-20 | 2003-05-14 |
| CONNELLAN, Caroline Mary | Director | 2018-09-19 | 2021-05-19 |
| CORLEY, Elizabeth Pauline Lucy | Director | 2010-12-08 | 2016-09-21 |
| CRITICOS, Nick | Director | 2001-12-20 | 2007-05-22 |
| D'ORGEVAL, Philipe | Director | 2021-01-06 | 2022-09-27 |
| D'ORGEVAL, Philippe | Director | 2020-01-06 | 2020-01-06 |
| D'ORGEVAL, Philippe Le Barrois | Director | 2019-03-08 | 2020-12-07 |
| DAVIES, Simon Howard | Director | 2001-12-20 | 2007-05-22 |
| DROMER, Alain Henri | Director | 2009-05-19 | 2012-09-11 |
| DU TOIT, Hendrik Jacobus | Director | 2009-05-19 | 2014-09-03 |
| DZANIS, Marie Ellen | Director | 2020-10-22 | 2023-09-27 |
| ELLIS, Simon Charles | Director | 2003-05-14 | 2009-05-19 |
| ELMASRY, Hassan Ahmed | Director | 2021-09-15 | 2023-09-27 |
| FARQUHARSON, Charles Bowen | Director | 2001-12-20 | 2004-06-08 |
| FEENEY, Paul William | Director | 2015-09-08 | 2018-09-19 |
| FERRANS, Douglas | Director | 2005-05-25 | 2014-06-30 |
| FLEMING, Campbell | Director | 2010-06-08 | 2014-09-03 |
| FORMICA, Andrew James | Director | 2019-09-18 | 2022-09-27 |
| FORMICA, Andrew James | Director | 2012-03-29 | 2018-09-19 |
| GODFREY, Daniel Charles | Director | 2012-12-01 | 2015-10-07 |
| HAGERTY, Sean Patrick | Director | 2021-09-15 | 2024-09-25 |
| HARRISON, Peter | Director | 2021-09-15 | 2024-09-25 |
| HARRISON, Peter | Director | 2015-01-30 | 2020-04-29 |
| HIGGINBOTHAM, Robert Charles Trant | Director | 2009-05-19 | 2015-09-08 |
| HILL, Christopher Frederick | Director | 2021-09-15 | 2023-09-27 |
| HOCTOR-DUNCAN, Alexander Charles | Director | 2015-09-08 | 2017-09-20 |
| HORLICK, Richard Miles Andrew | Director | 2004-06-08 | 2005-05-25 |
| HORRELL, Peter John | Director | 2015-11-04 | 2021-09-15 |
| JENKINS, Robert Warren | Director | 2007-01-17 | 2009-12-31 |
| JOLLIFFE, Ian | Director | 2001-12-20 | 2003-10-14 |
| JONES, Keith | Director | 2003-05-14 | 2007-05-22 |
| KASENALLY-O’DRISCOLL, Nasreen Banu | Director | 2023-09-27 | 2026-01-30 |
| KUSHEL, John Richard | Director | 2010-06-08 | 2011-06-14 |
| LAING, Andrew Arthur | Director | 2012-03-29 | 2018-09-19 |
| LORD, Rachel | Director | 2017-11-09 | 2021-02-22 |
| MCCAREINS, John | Director | 2024-05-23 | 2025-04-09 |
| MCFARLAND, Kim Mary | Director | 2015-09-08 | 2021-09-15 |
| MCINTOSH, Leslie Kynoch | Director | 2003-10-14 | 2004-06-08 |
| MCKINTOCK, Michael George Alexander | Director | 2004-06-08 | 2007-05-22 |
| MCLATCHIE, Colin | Director | 2005-05-25 | 2006-05-24 |
| MOREAU, Nicolas Jean Marie Denis | Director | 2020-09-16 | 2024-05-23 |
| MORRISEY, Helena | Director | 2005-05-25 | 2012-09-11 |
| MORRISSEY, Helena Louise, Baroness | Director | 2014-06-30 | 2017-05-01 |
| MULLAN, Alan Hugh, Mr. | Director | 2012-09-11 | 2014-09-03 |
| MUNRO, Euan George | Director | 2023-09-27 | 2025-04-09 |
| MUNRO, Euan George | Director | 2017-01-06 | 2020-12-31 |
| MUNRO, Joanna Mary | Director | 2015-09-08 | 2020-09-16 |
| NOTT, William John | Director | 2007-05-22 | 2015-06-25 |
| O'REILLY, Catherine Mary | Director | 2021-09-15 | 2025-06-12 |
| O'SHEA, Michael Patrick | Director | 2015-09-08 | 2021-09-15 |
| PHILLIPS, Christopher Martin | Director | 2005-05-25 | 2007-04-10 |
| RAMPULLA, Thomas Mark | Director | 2013-06-05 | 2015-06-03 |
| RING, Nicholas John | Director | 2022-09-27 | 2023-09-27 |
| SAUNDERS, Richard Berry | Director | 2002-01-29 | 2012-12-01 |
| SCHLOSSBERG, Andrew Ryan | Director | 2017-09-20 | 2019-01-15 |
| SCRIMGEOUR, Michelle Sylvia | Director | 2018-09-19 | 2024-09-25 |
| SEMAYA, David Jonathan | Director | 2009-05-19 | 2014-09-03 |
| SHAUGHNESSY, Gary Paul John | Director | 2006-05-24 | 2007-01-17 |
| SKEOCH, Keith | Director | 2019-03-08 | 2022-09-27 |
| SKEOCH, Norman Keith, Sir | Director | 2007-05-22 | 2015-09-08 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 305 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-23 | AA | accounts | Accounts with accounts type group | |
| 2026-05-12 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-30 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-24 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-28 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-06-17 | AA | accounts | Accounts with accounts type group | |
| 2025-06-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 0
- Officers appointed
- 4
- Officers resigned
- 1
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.