SCOTTISH WIDOWS UNIT TRUST MANAGERS LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -0.7%

  £67,014,000 → £66,557,000

• Cash

  -18.8%

  £84,325,000 → £68,444,000

• Net assets

  -18.5%

  £81,782,000 → £66,613,000

• Employees

  —

  Not reported

• Operating profit

  -71.3%

  £13,318,000 → £3,827,000

• Profit before tax

  -63.2%

  £17,514,000 → £6,442,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

1. SCOTTISH WIDOWS UNIT TRUST MANAGERS LIMITED 2000-03-06 → present
2. LLOYDS TSB UNIT TRUST MANAGERS LIMITED 1998-07-06 → 2000-03-06
3. TSB UNIT TRUSTS LIMITED 1982-04-19 → 1998-07-06

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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 on 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.”

Significant events

• “The Company acquired the Embark Investment Companies with Variable Capital ("ICVC"), including five Horizon sub-funds from EIL. This internal transfer will enable the smaller Embark ICVC to take advantage of the Company's greater scale to drive improved customer outcomes.”
• “The delivery of the planned migration of the Company's funds to Diligenta's BaNCs platform in August 2025 marked an important strategic milestone.”
• “Project Sparkle was a two-phase initiative delivered in 2025 to enhance the OEIC fund range. Phase 1 replaced Benchmarks on two OEIC funds, thus offering broader ESG integration. This led to divestment from affected sub-funds and the closure of the SW UK Climate Transition Index Equity Tracker Fund due to persistent underperformance and lack of ESG alignment. Phase 2 implemented benchmark, fund name, AMC, and investment manager changes across a further five OEIC funds.”
• “On 27 August 2024, the Board approved the legal transfer of the Horizon sub-funds range from EIL to the Company effective 1 February 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

4

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.