THE GLOBAL SMALLER COMPANIES TRUST PLC
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Cash
£19m
+54% highest in 3 filed years
Net assets
£820m
+11.3% vs 2025
Employees
—
Average over period
Profit before tax
£148m
+449% highest in 3 filed years
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-04-30
| Metric | Trend | 2024-04-30 | 2025-04-30 | 2026-04-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £18,597,000 | £17,031,000 | — | — | |
| Operating profit | £15,930,000 | £14,761,000 | — | — | |
| Profit before tax | -£15,879,000 | -£42,339,000 | £147,782,000 | +449% | |
| Net profit | -£14,560,000 | -£42,579,000 | £146,757,000 | +444.7% | |
| Cash | £11,021,000 | £12,490,000 | £19,238,000 | +54% | |
| Total assets less current liabilities | £905,062,000 | £771,815,000 | £855,059,000 | +10.8% | |
| Net assets | £870,062,000 | £736,815,000 | £820,059,000 | +11.3% | |
| Equity | £870,062,000 | £736,815,000 | £820,059,000 | +11.3% | |
| Average employees | 0 | 0 | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £154,000 | £162,000 | £167,800 | +3.6% | |
| Highest paid director | — | £52,500 | £54,000 | +2.9% |
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 | 2024-04-30 | 2025-04-30 | 2026-04-30 |
|---|---|---|---|---|
| Operating margin | 85.7% | 86.7% | — | |
| Net margin | -78.3% | — | — | |
| Return on capital employed | 1.8% | 1.9% | — | |
| Gearing (liabilities / total assets) | 6.2% | 6.8% | 6.0% | |
| Current ratio | 1.06x | 0.89x | 1.88x | |
| Interest cover | 40.74x | 9.77x | — |
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. 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 7 times since incorporation
- THE GLOBAL SMALLER COMPANIES TRUST PLC 2022-06-10 → present
- BMO GLOBAL SMALLER COMPANIES PLC 2018-11-09 → 2022-06-10
- F&C GLOBAL SMALLER COMPANIES PLC 2005-12-09 → 2018-11-09
- F&C SMALLER COMPANIES PLC 2001-07-31 → 2005-12-09
- FOREIGN & COLONIAL SMALLER COMPANIES PLC 1991-08-02 → 2001-07-31
- F. & C. SMALLER COMPANIES PLC 1988-01-22 → 1991-08-02
- F. & C. ALLIANCE INVESTMENT PLC 1984-02-02 → 1988-01-22
- ALLIANCE INVESTMENT PLC 1889-02-15 → 1984-02-02
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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 upon the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 25 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COLUMBIA THREADNEEDLE INVESTMENT BUSINESS LIMITED | Corporate Secretary | 2014-07-22 | — | — |
| BANNERMAN, Nicholas Alastair Charles | Director | 2019-10-01 | Feb 1966 | Scottish,British |
| BARRETT, Bulbul | Director | 2023-12-01 | Jan 1968 | Irish |
| GREWAL, Randeep Singh | Director | 2023-12-01 | Jan 1967 | British |
| KING, Zoe | Director | 2024-12-12 | Nov 1973 | British |
| OLDROYD, Christopher Graham | Director | 2019-10-01 | Nov 1961 | British |
Show 25 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| F & C MANAGEMENT LIMITED | Corporate Secretary | — | 2014-07-22 |
| ADCOCK, Andrew John | Director | 2007-07-30 | 2019-01-26 |
| BAER, Derek Alfred Howard | Director | — | 1992-07-20 |
| BALFOUR, Anja Maria | Director | 2015-06-01 | 2025-08-15 |
| BARKER, Andrew Charles | Director | 2001-02-19 | 2004-07-30 |
| BARKER, Andrew Charles | Director | — | 1999-02-15 |
| CULLEN, Leslie Gray | Director | 2006-09-01 | 2015-07-23 |
| CURRY, John Arthur Hugh | Director | 1996-06-17 | 2004-09-30 |
| DIXON, Josephine | Director | 2015-02-11 | 2024-08-13 |
| FARMER, Edwin Bruce, Dr | Director | 1999-02-15 | 2007-07-30 |
| GREEN, Owen, Sir | Director | — | 1995-07-17 |
| GRIMSTONE, Gerald Edgar, Lord | Director | 2002-09-01 | 2007-07-30 |
| HART, Michael John | Director | — | 1998-07-27 |
| HERBERT, Robin Arthur Elidyr | Director | — | 2001-07-30 |
| HOGG, Sarah Elizabeth Mary, Baroness | Director | 1995-03-20 | 2002-07-29 |
| HORDERN, Peter, Sir | Director | — | 1999-03-15 |
| KERRIDGE, John Stewart | Director | — | 1995-07-17 |
| LEIBENFROST, Franz Jorg, Dr | Director | 1999-02-15 | 2014-07-24 |
| STILEMAN, David Frederic Miles | Director | 2015-06-01 | 2023-12-11 |
| STOREY, Richard, Hon Sir | Director | 1993-08-16 | 2002-07-29 |
| TALBOT RICE, Nicholas Charles | Director | — | 2005-07-29 |
| TIGUE, Jeremy John | Director | — | 1999-02-15 |
| TOWNSEND, John Anthony Victor | Director | 2004-09-24 | 2020-07-30 |
| TOZER, Jane Elizabeth | Director | 2005-06-13 | 2020-07-30 |
| WHITE, Mark Barry Ewart | Director | 2007-07-30 | 2015-02-11 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 1571 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-28 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-08-11 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-08-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-08-04 | AA | accounts | Accounts with accounts type full | |
| 2026-07-29 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-07-17 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-07-17 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-30 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-30 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-30 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-19 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-19 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-06 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-06 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-05-19 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-05-19 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-05-05 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-04-17 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-04-17 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-03-19 | 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
- 18
- Officers appointed
- 0
- 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.