SCOTTISH MORTGAGE INVESTMENT TRUST PLC
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Cash
£11m
Latest balance sheet
Net assets
£14bn
Equity attributable
Employees
—
Average over period
Profit before tax
£3.1bn
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 | £22,996,000 | — | £21,956,000 | — | — | |
| Operating profit | £246,735,000 | £1,203,060,000 | £2,687,634,000 | £3,104,317,000 | — | |
| Profit before tax | £218,585,000 | £1,203,060,000 | £2,661,383,000 | £3,075,978,000 | — | |
| Net profit | £214,059,000 | £1,199,883,000 | £2,659,761,000 | £3,073,278,000 | — | |
| Cash | — | £9,013,000 | £68,179,000 | £11,028,000 | — | |
| Total assets less current liabilities | — | £13,264,740,000 | £15,109,325,000 | £14,809,492,000 | — | |
| Net assets | — | £12,082,465,000 | — | — | — | |
| Equity | — | £12,082,465,000 | £13,944,176,000 | £13,822,175,000 | — | |
| Average employees | — | — | — | — | — | |
| Wages | — | — | — | — | — | |
| Directors' remuneration | — | £377,932 | — | £411,361 | — |
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 | — | 9.1% | 17.8% | 21.0% | |
| Gearing (liabilities / total assets) | — | 12.1% | — | — | |
| Current ratio | — | 0.16x | 0.17x | 0.09x | |
| Interest cover | 8.77x | 21.61x | — | 58.91x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- SCOTTISH MORTGAGE INVESTMENT TRUST PLC 2003-08-01 → present
- THE SCOTTISH MORTGAGE AND TRUST PUBLIC LIMITED COMPANY 1909-03-17 → 2003-08-01
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors... have undertaken a rigorous review of the Company's ability to continue as a going concern.”
Significant events
- “The Board approved changes to the Company’s Investment Policy, at the 2023 Annual General Meeting, which allowed additional flexibility to permit further investment in private (unlisted) companies.”
- “Subsequent to the year end, at a General Meeting held on 10 April 2026, shareholders approved a targeted change to the Company’s investment policy. The change provides limited additional flexibility for private company investments.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAILLIE GIFFORD & CO LIMITED | Corporate Secretary | 2014-07-01 | — | — |
| FITZPATRICK, Mark Thomas | Director | 2021-10-05 | Apr 1968 | Irish |
| FLOOD, Sharon Emma | Director | 2023-05-17 | May 1965 | British |
| KUMARASWAMY, Vikram | Director | 2023-05-17 | Mar 1977 | Indian |
| LEUNG, King-Hung | Director | 2023-08-01 | Aug 1977 | British |
| MANNERS, Heather Caroline Seton | Director | 2026-01-01 | Aug 1964 | British |
| MAXWELL, Patrick Henry, Professor | Director | 2016-04-01 | Mar 1962 | British |
| SAMUEL, Christopher John Loraine | Director | 2025-01-01 | Jul 1958 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAILLIE GIFFORD & CO | Corporate Secretary | — | 2014-07-01 |
| BALL, Geoffrey Arthur | Director | — | 2009-06-25 |
| BHIDÉ, Amarnath Vasudeo, Professor | Director | 2020-05-14 | 2023-03-20 |
| DAWSON DAMER, George Lionel Yuill Seymour, The Right Honourable | Director | 1997-04-23 | 2004-07-01 |
| DOWLEY, Laurence Justin | Director | 2015-09-04 | 2025-07-04 |
| GRAY OBE DL, Michael Maxwell, Dr | Director | 2004-02-26 | 2015-06-23 |
| GWILT, George David | Director | — | 1998-06-18 |
| IRWIN, Ian Sutherland | Director | — | 1999-07-01 |
| JOHNSTON, Frederick Patrick Mair | Director | 1991-04-25 | 2002-07-04 |
| KAY, John Anderson, Professor | Director | 2008-12-11 | 2020-06-25 |
| MACKAY, Donald Iain, Sir | Director | 1999-07-01 | 2009-12-31 |
| MCBAIN, Fiona Catherine | Director | 2009-02-26 | 2023-06-27 |
| MCQUEEN, William Gordon | Director | 2001-02-15 | 2016-06-30 |
| SANDERSON, Charles Russell, Lord | Director | 1991-04-25 | 2003-07-03 |
| SCOTT, John Philip Henry Schomberg | Director | 2001-10-31 | 2017-06-29 |
| SHAW, John Calman, Sir | Director | — | 2001-07-05 |
| STRATHCLYDE, Thomas Dunlop Galloway De Roy De Blicquy Galbraith, Lord | Director | 2004-02-26 | 2010-02-28 |
| SUBACCHI, Paola, Dr | Director | 2014-04-01 | 2023-06-27 |
| YOUNG-HERRIES, Michael, Sir | Director | — | 1993-06-24 |
| YUEH, Linda, Dr | Director | 2012-05-03 | 2013-03-31 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 664 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-07-08 MA Memorandum articles
- 2026-07-03 MA Memorandum articles
- 2026-07-03 RESOLUTIONS Resolution
- 2026-04-22 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-29 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-07-15 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2026-07-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-07-14 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-07-10 | AA | accounts | Accounts with accounts type full | |
| 2026-07-08 | MA | incorporation | Memorandum articles | |
| 2026-07-03 | MA | incorporation | Memorandum articles | |
| 2026-07-03 | RESOLUTIONS | resolution | Resolution | |
| 2026-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-10 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-06-10 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-06-03 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2026-06-03 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2026-05-15 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-05-12 | SH01 | capital | Capital allotment shares | |
| 2026-04-22 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-10 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-04-10 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-03-23 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-03-20 | 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
- 11
- 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.