NORTH ATLANTIC SMALLER COMPANIES INVESTMENT TRUST PLC
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Cash
£23M
+33.9% highest in 3 filed years
Net assets
£725M
+1.6% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£29M
-30.1% vs 2025
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 | £20,817,000 | £23,655,000 | £22,066,000 | -6.7% | |
| Operating profit | £2,184,000 | £41,931,000 | — | — | |
| Profit before tax | £2,178,000 | £41,931,000 | £29,313,000 | -30.1% | |
| Net profit | £2,148,000 | £41,920,000 | £29,301,000 | -30.1% | |
| Cash | £9,203,000 | £17,310,000 | £23,178,000 | +33.9% | |
| Total assets less current liabilities | £690,230,000 | £713,504,000 | £724,805,000 | +1.6% | |
| Net assets | £690,230,000 | £713,504,000 | £724,805,000 | +1.6% | |
| Equity | £690,230,000 | £713,504,000 | £724,805,000 | +1.6% | |
| Average employees | — | — | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | £3,120,500 | £3,779,500 | +21.1% |
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 |
|---|---|---|---|---|
| Operating margin | 10.5% | 177.3% | — | |
| Net margin | 10.3% | 177.2% | 132.8% | |
| Return on capital employed | 0.3% | 5.9% | — | |
| Gearing (liabilities / total assets) | 0.1% | 0.8% | 0.2% | |
| Current ratio | 117.13x | 4.24x | 24.23x | |
| Interest cover | 364.00x | 20965.50x | — |
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 2 times since incorporation
- NORTH ATLANTIC SMALLER COMPANIES INVESTMENT TRUST PLC 1993-05-18 → present
- CONSOLIDATED VENTURE TRUST PLC 1984-03-20 → 1993-05-18
- MONTAGU BOSTON INVESTMENT TRUST PLC 1973-01-18 → 1984-03-20
Audit & accounting basis
- Accounting basis
- UK-adopted International Accounting Standards
- Reporting scope
- Standalone (parent only)
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company's assets largely comprise readily realisable securities which can be sold to meet funding commitments if necessary and it also has sufficient cash reserves so the Directors have a reasonable expectation that the Company has adequate resources to continue in operation for the foreseeable future. They have, therefore, adopted the going concern basis in preparing these financial statements.”
Group structure
- NORTH ATLANTIC SMALLER COMPANIES INVESTMENT TRUST PLC · parent
- Consolidated Venture Finance Limited 100%
- Hampton Investment Properties Limited 84.22%
- Oryx International Growth Fund Limited 53.57%
- Crest Foods Co, Inc 32.11%
- EKF Diagnostics Holdings Plc 21.2%
- Frenkel Topping Group Plc 29.96%
- Hargreaves Services Plc 20.12%
- Harwood Private Capital UK LP 28.57%
- Harwood Private Equity Fund IV LP 26.28%
- Harwood Private Equity Fund V LP 25%
- Harwood Private Equity Fund VI LP 45.6%
- Trident Private Equity Fund III LP 38.76%
Significant events
- “Corporate activity resulted in Urban Logistics and PRS Reit being taken over at good profits whilst the sale of a division at Carrs Group resulted in a satisfactory return of capital and an uplift in the valuation.”
- “The Trust is the lead investor in the take private of Frenkel Topping”
- “Coventbridge is in discussions to sell part of its business which would result, if successful, in a substantial write up on the current valuation.”
- “The bid for Jaguar fell through but the business has won some major new contracts”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HARBER, Ben | Secretary | 2025-05-23 | — | — |
| FAGGE, Julian David Kenelm | Director | 2023-06-20 | Jun 1973 | British |
| GILBERT, Fiona Jane, Professor | Director | 2022-09-06 | May 1956 | British |
| HOWARD, Greville Patrick Charles, The Lord Howard Of Rising | Director | 2015-11-26 | Apr 1941 | British |
| LOEWENBAUM, George Walter | Director | 2017-10-31 | Jul 1944 | American |
| MILLS, Christopher Harwood Bernard | Director | — | Nov 1952 | British |
| MONCREIFFE, Peregrine David Euan Malcolm | Director | 2008-11-17 | Feb 1951 | British |
| WAKE, Hereward Charles, Sir | Director | 2018-06-27 | Nov 1952 | British |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GUNTRIP, Bonita | Secretary | 2012-05-01 | 2015-07-30 |
| INVESCO ASSET MANAGEMENT LIMITED | Corporate Secretary | — | 1992-01-06 |
| J O HAMBRO CAPITAL MANAGEMENT LIMITED | Corporate Secretary | 1992-01-06 | 2012-05-01 |
| KIN COMPANY SECRETARIAL LIMITED | Corporate Secretary | 2015-07-30 | 2023-09-04 |
| SGH COMPANY SECRETARIES LIMITED | Corporate Secretary | 2023-09-04 | 2025-05-23 |
| ADAMS, Brian Roger | Director | 1999-01-14 | 2002-08-19 |
| BROOKE, Richard David Christopher, Sir | Director | 1993-01-07 | 1998-07-20 |
| GITTES, Enrique Foster | Director | 1992-07-02 | 2017-10-31 |
| GRACE JUNIOR, Oliver Russell | Director | 2006-05-16 | 2011-12-30 |
| IRBY, Charles Leonard Anthony | Director | 2002-12-10 | 2015-09-15 |
| MONCREIFFE, Peregrine David Euan Malcolm, Hon | Director | 1993-03-30 | 2006-03-27 |
| NATION, Douglas Percy Coddrington | Director | — | 2001-09-02 |
| PALMAR, Derek, Sir | Director | — | 1993-01-31 |
| POWER, Robert Denton Le Poer | Director | — | 2001-04-26 |
| SIEM, Kristian | Director | 2001-04-26 | 2018-06-26 |
| STEVENS, David Robert, Lord Stevens Of Ludgate | Director | — | 1993-01-31 |
| SWINSTEAD, Philip Edgar | Director | 2007-09-25 | 2009-01-15 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 471 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-29 | SH06 | capital | Capital cancellation shares | |
| 2026-05-29 | SH03 | capital | Capital return purchase own shares | |
| 2026-05-13 | AA | accounts | Accounts with accounts type full | |
| 2026-05-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-05-06 | SH06 | capital | Capital cancellation shares | |
| 2026-05-06 | SH06 | capital | Capital cancellation shares | |
| 2026-05-06 | SH03 | capital | Capital return purchase own shares | |
| 2026-05-06 | SH03 | capital | Capital return purchase own shares | |
| 2026-04-14 | SH06 | capital | Capital cancellation shares | |
| 2026-04-14 | SH06 | capital | Capital cancellation shares | |
| 2026-04-14 | SH06 | capital | Capital cancellation shares | |
| 2026-04-14 | SH03 | capital | Capital return purchase own shares | |
| 2026-04-14 | SH03 | capital | Capital return purchase own shares | |
| 2026-04-14 | SH03 | capital | Capital return purchase own shares | |
| 2026-03-31 | ANNOTATION | miscellaneous | Legacy | |
| 2026-03-24 | SH06 | capital | Capital cancellation shares | |
| 2026-03-24 | SH06 | capital | Capital cancellation shares | |
| 2026-03-24 | SH03 | capital | Capital return purchase own shares | |
| 2026-03-24 | SH03 | capital | Capital return purchase own shares | |
| 2026-03-11 | 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
- 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.