MERCHANTS TRUST PLC(THE)
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Cash
£26m
+67.1% vs 2025
Net assets
£964m
+13.5% vs 2025
Employees
0
Average over period
Profit before tax
£163m
+55.3% vs 2025
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2026-01-31
| Metric | Trend | 2025-01-31 | 2026-01-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | £110,464,000 | £168,703,000 | +52.7% | |
| Profit before tax | £104,807,000 | £162,789,000 | +55.3% | |
| Net profit | £104,273,000 | £162,408,000 | +55.8% | |
| Cash | £15,604,000 | £26,079,000 | +67.1% | |
| Total assets less current liabilities | £966,603,000 | £1,081,310,000 | +11.9% | |
| Net assets | £849,822,000 | £964,464,000 | +13.5% | |
| Equity | £849,822,000 | £964,464,000 | +13.5% | |
| Average employees | 0 | 0 | — | |
| Wages | — | — | — | |
| Directors' remuneration | £164,644 | £168,662 | +2.4% | |
| Highest paid director | £42,500 | £45,000 | +5.9% |
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 | 2025-01-31 | 2026-01-31 |
|---|---|---|---|
| Return on capital employed | 11.4% | 15.6% | |
| Gearing (liabilities / total assets) | 12.6% | 11.0% | |
| Current ratio | 3.24x | 10.60x | |
| Interest cover | 19.53x | 28.53x |
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
- Affirmed
“the directors have concluded that the company has adequate resources to continue in operational existence... the directors continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “During the year the company repurchased 792,017 shares into treasury at a total cost of £4.4 million.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 32 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAXENDALE, Nira Kishor | Secretary | 2025-05-20 | — | — |
| SALT, Kirsten June | Secretary | 2000-01-10 | — | British |
| EDGAR, Lisa Maria | Director | 2024-01-01 | Oct 1968 | British |
| GALLOWAY, Neil John | Director | 2025-07-01 | Dec 1968 | British |
| MCKELLAR, Karen Emery | Director | 2020-05-01 | Oct 1969 | British |
| PATEL, Parimal | Director | 2024-03-01 | Jul 1967 | Kenyan |
Show 32 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ASCHAM, Kathleen Rose | Secretary | 1994-05-09 | 1997-06-30 |
| EMUSS, Eleanor | Secretary | 2017-06-26 | 2022-03-11 |
| FROST, Leonora Marian | Secretary | 1995-12-01 | 1996-05-21 |
| FROST, Leonora Marian | Secretary | — | 1994-05-09 |
| INGRAM, Peter William Irving | Secretary | 2005-01-10 | 2015-02-27 |
| LAGO, Tracey Anne | Secretary | 2015-02-27 | 2017-06-26 |
| LONGCROFT, Peter Leonard | Secretary | — | 2000-05-10 |
| NICE, Kelly | Secretary | 2022-07-07 | 2025-05-30 |
| SCHRAGER VON ALTISHOFEN, Nicola Jane | Secretary | 1997-07-14 | 2000-01-10 |
| ARMSTRONG, Douglas Alexander | Director | 2020-06-23 | 2020-06-23 |
| ARMSTRONG, Douglas Alexander | Director | 2020-04-27 | 2020-04-27 |
| BANHAM, John Michael Middlecott, Sir | Director | — | 2007-05-14 |
| BARFIELD, Richard Arthur | Director | 1999-05-10 | 2011-05-10 |
| BIRKIN, John Derek, Sir | Director | — | 1999-09-13 |
| BLACK, Colin Hyndmarsh | Director | — | 2000-05-08 |
| CLARK, Colin Martin | Director | 2019-06-30 | 2026-09-30 |
| DRAKESMITH, Nicholas Timon | Director | 2016-11-01 | 2025-05-20 |
| FORBES, Anthony David Arnold William | Director | 1994-07-11 | 2002-05-13 |
| FRASER, Simon John | Director | 2009-08-16 | 2019-09-01 |
| HOPKINSON, David Hugh Laing | Director | — | 1999-05-10 |
| MCKEON, Michael James Edward | Director | 2008-05-01 | 2017-01-31 |
| REID, Robert Paul, Sir | Director | 1995-01-09 | 2008-05-13 |
| RISK, Thomas Neilson, Sir | Director | — | 1994-05-09 |
| SASSOON, James Meyer, Sir | Director | 2006-07-11 | 2010-05-20 |
| SCOTT PLUMMER, Patrick Joseph | Director | 1997-05-12 | 2009-05-12 |
| SIDDONS, Benjamin Charles Reid | Director | — | 1998-12-31 |
| SIEGHART, Mary Ann | Director | 2014-11-03 | 2024-01-25 |
| STANLEY, Sybella Jane | Director | 2014-11-03 | 2024-03-21 |
| STAUNTON, Henry Eric | Director | 2008-05-01 | 2014-12-31 |
| STEVENSON, Hugh Alexander | Director | 1999-09-13 | 2010-05-11 |
| TUKE, Anthony Favill, Sir | Director | — | 1994-05-09 |
| YATES, Paul Tennant | Director | 2011-03-21 | 2020-05-01 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 561 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-06 RESOLUTIONS Resolution
- 2025-05-29 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-27 | AA | accounts | Accounts with accounts type interim | |
| 2026-07-24 | AA | accounts | Accounts with accounts type full | |
| 2026-06-26 | AUD | auditors | Auditors resignation company | |
| 2026-06-06 | RESOLUTIONS | resolution | Resolution | |
| 2026-06-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-05-06 | AD02 | address | Change sail address company with old address new address | |
| 2026-03-11 | AA | accounts | Accounts with accounts type interim | |
| 2026-01-07 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-01-07 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-12-03 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-12-03 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-10-09 | AA | accounts | Accounts with accounts type interim | |
| 2025-07-21 | AA | accounts | Accounts with accounts type interim | |
| 2025-07-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-30 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-05-29 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-29 | AA | accounts | Accounts with accounts type full | |
| 2025-05-21 | AP03 | officers | Appoint person secretary company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 4
- 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.