PACIFIC ASSETS TRUST PUBLIC LIMITED COMPANY
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Cash
£4.8M
-39.7% vs 2025
Net assets
£471M
-6.5% vs 2025
Employees
—
Average over period
Profit before tax
-£14M
-125.8% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The possible outcome of the strategic review represents a material uncertainty but the Company's ability to continue as a going concern, notwithstanding this material uncertainty, the Board has concluded that it remains appropriate to prepare the financial statements on a going concern basis.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-01-31
| Metric | Trend | 2024-01-31 | 2025-01-31 | 2026-01-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | — | — | — | — | |
| Profit before tax | £5,943,000 | £53,554,000 | -£13,803,000 | -125.8% | |
| Net profit | — | £45,870,000 | -£10,940,000 | -123.9% | |
| Cash | £1,032,000 | £8,028,000 | £4,838,000 | -39.7% | |
| Total assets less current liabilities | £476,025,000 | £517,086,000 | £476,197,000 | -7.9% | |
| Net assets | £464,819,000 | £503,441,000 | £470,774,000 | -6.5% | |
| Equity | £464,819,000 | £503,441,000 | £470,774,000 | -6.5% | |
| Average employees | — | — | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £188,625 | £215,000 | £209,000 | -2.8% |
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 | 2024-01-31 | 2025-01-31 | 2026-01-31 |
|---|---|---|---|---|
| Current ratio | 5.53x | 3.87x | 3.50x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The possible outcome of the strategic review represents a material uncertainty but the Company's ability to continue as a going concern, notwithstanding this material uncertainty, the Board has concluded that it remains appropriate to prepare the financial statements on a going concern basis.”
Significant events
- “In November 2025, First Sentier Group informed the Board of its decision to cease the Stewart Investors business, with portfolio management responsibilities transferring to its affiliate investment team, FSSA Investment Managers.”
- “First Sentier Group announced the closure of the Stewart Investors business, and the Board concluded that a material change warranted a broader reassessment of the Company's future.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FROSTROW CAPITAL LLP | Corporate Secretary | 2010-07-01 | — | — |
| ANG, Lai Yee | Director | 2024-09-26 | Jul 1961 | Malaysian |
| IMPEY, Andrew Michael | Director | 2022-08-01 | Dec 1961 | British,Canadian |
| SAHGAL, Nandita | Director | 2024-01-01 | Apr 1972 | British |
| TALBUT, Robert Edwin | Director | 2016-09-23 | Nov 1960 | British |
| TROUGHTON, Edward Thomas Albert | Director | 2019-12-18 | Dec 1959 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CASSELS, Martin Alexander | Secretary | 2001-08-30 | 2005-03-11 |
| HANNAY, Keith Patrick | Secretary | — | 2001-08-30 |
| SMITH, Gordon Robert Hay | Secretary | 2005-03-11 | 2010-07-01 |
| CATTIER, Jean Felicien Bernard | Director | — | 1997-04-29 |
| CLYDESDALE, Thomas | Director | 1989-07-01 | 2001-01-31 |
| FAULCONER HEATHCOAT GRANT, Ian | Director | — | 2000-12-02 |
| GINMAN, Maria Charlotta | Director | 2014-10-09 | 2024-07-09 |
| HANSEN, Sian Elizabeth | Director | 2015-08-03 | 2025-07-01 |
| HORLICK, Richard Miles Andrew | Director | 2005-12-01 | 2014-06-24 |
| LECKIE, Stuart Hamilton | Director | 2001-03-13 | 2013-06-25 |
| MAHONY, Terence Francis | Director | 2004-02-01 | 2020-01-31 |
| MILES, Henry Michael Pearson | Director | 1997-11-19 | 2003-01-31 |
| NICHOL, David Brett | Director | — | 2015-06-24 |
| NOEL-PATON, Frederick Ranald, The Hon | Director | — | 2004-05-06 |
| RICH, Nigel Mervyn Sutherland | Director | 1997-01-01 | 2016-06-29 |
| WILLIAMS, James Piran | Director | 2013-10-01 | 2023-05-31 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 435 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-02 | AA | accounts | Accounts with accounts type full | |
| 2026-05-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-24 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2026-01-19 | SH06 | capital | Capital cancellation shares | |
| 2026-01-16 | SH06 | capital | Capital cancellation shares | |
| 2026-01-16 | SH06 | capital | Capital cancellation shares | |
| 2026-01-16 | SH06 | capital | Capital cancellation shares | |
| 2026-01-16 | SH06 | capital | Capital cancellation shares | |
| 2026-01-16 | SH03 | capital | Capital return purchase own shares | |
| 2025-12-15 | SH06 | capital | Capital cancellation shares | |
| 2025-12-05 | SH06 | capital | Capital cancellation shares | |
| 2025-12-05 | SH06 | capital | Capital cancellation shares | |
| 2025-12-05 | SH06 | capital | Capital cancellation shares | |
| 2025-12-05 | SH06 | capital | Capital cancellation shares | |
| 2025-12-05 | SH06 | capital | Capital cancellation shares | |
| 2025-12-05 | SH06 | capital | Capital cancellation shares | |
| 2025-12-05 | SH06 | capital | Capital cancellation shares | |
| 2025-12-05 | SH06 | capital | Capital cancellation shares | |
| 2025-12-05 | SH06 | capital | Capital cancellation shares | |
| 2025-12-05 | SH06 | capital | Capital cancellation shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 17
- 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.