GLAS TRUST CORPORATION LIMITED
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Cash
£1.2m
-71.1% vs 2024
Net assets
£3.7m
-53.1% vs 2024
Employees
0
Average over period
Profit before tax
£6.7m
+64.1% vs 2024
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £8,926,482 | £8,437,652 | -5.5% | |
| Operating profit | £3,943,823 | £6,623,438 | +67.9% | |
| Profit before tax | £4,066,309 | £6,674,254 | +64.1% | |
| Net profit | £4,066,309 | £6,674,254 | +64.1% | |
| Cash | £4,304,306 | £1,242,993 | -71.1% | |
| Total assets less current liabilities | £7,777,005 | £3,651,259 | -53.1% | |
| Net assets | £7,777,005 | £3,651,259 | -53.1% | |
| Equity | £7,777,005 | £3,651,259 | -53.1% | |
| Average employees | 0 | 0 | — | |
| 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 —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | 44.2% | 78.5% | |
| Net margin | 45.6% | 79.1% | |
| Return on capital employed | 50.7% | 181.4% | |
| Gearing (liabilities / total assets) | 46.2% | 61.6% | |
| Current ratio | 2.16x | 1.62x |
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
- GLAS TRUST CORPORATION LIMITED 2013-12-02 → present
- GLOBAL LOAN SERVICES NOMINEES LIMITED 2012-01-27 → 2013-12-02
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Standalone (parent only)
- Auditor
- S&W Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors consider it appropriate to use the going concern basis in preparing the financial statements on the basis of ongoing support from the Unicorn Topco Limited, its ultimate parent Company, to provide adequate funds to enable the Company to meet its liabilities as and when they fall due.”
Significant events
- “On 1 January 2026, the Group Ultimate Parent Company entered into a Share Purchase Agreement in connection with a proposed investment by Oakley Capital Limited and an associated change of ownership. Completion is conditional on receipt of regulatory approvals.”
- “As part of its core activities, from time to time the Company holds funds on behalf of its clients in designated Client, Escrow or Settlement accounts. The balance of these accounts at the balance sheet date amounts to £607,503,822 (2024 - £1,174,260,694) and is excluded from the balance sheet.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALDOUS, Debra | Secretary | 2023-06-07 | — | — |
| BROOKS, Joanne | Director | 2018-10-11 | Apr 1975 | British |
| CARNE, Brian Jonathan | Director | 2012-01-27 | Oct 1970 | British |
| DRENNAN, Mia Linda | Director | 2012-01-27 | May 1970 | British |
| LEVNER, Ethan | Director | 2024-06-05 | Jul 1977 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DRAPER, Stuart | Director | 2018-10-11 | 2025-11-28 |
| HODGETTS, Steven Michael | Director | 2018-10-11 | 2022-11-21 |
| QUINLAN, Michael | Director | 2012-03-26 | 2012-11-15 |
| SMALL, Claudia | Director | 2013-09-16 | 2014-01-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Brian Jonathan Carne | Individual | Shares 25–50% | 2016-04-06 | Ceased 2016-04-06 |
| Mrs Mia Linda Drennan | Individual | Shares 25–50% | 2016-04-06 | Ceased 2016-04-06 |
| Global Loan Agency Services Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 91 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-29 | AA | accounts | Accounts with accounts type full | |
| 2026-07-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-06-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-05-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-05-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-09 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-03-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-03-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-03-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-02-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-27 | CH01 | officers | Change person director company with change date | |
| 2025-10-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-30 | AA | accounts | Accounts with accounts type small | |
| 2025-07-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 15
- Capital events
- 0
- Officers appointed
- 0
- 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.