HERALD INVESTMENT TRUST PLC
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Cash
£124m
+467.7% vs 2024
Net assets
£1.3bn
+3.2% vs 2024
Employees
0
Average over period
Profit before tax
£99m
-26.6% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
the board concluded that there is a material uncertainty that casts significant doubt about the Company's ability to continue as a going concern although it remained appropriate to prepare the financial statements on a going concern basis.
-
Going-concern uncertainty disclosed
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £17,169,000 | £15,629,000 | -9% | |
| Operating profit | £134,756,000 | £98,945,000 | -26.6% | |
| Profit before tax | £134,756,000 | £98,945,000 | -26.6% | |
| Net profit | £134,296,000 | £98,470,000 | -26.7% | |
| Cash | £21,890,000 | £124,266,000 | +467.7% | |
| Total assets less current liabilities | £1,252,602,000 | £1,292,413,000 | +3.2% | |
| Net assets | £1,252,602,000 | £1,292,413,000 | +3.2% | |
| Equity | £1,252,602,000 | £1,292,413,000 | +3.2% | |
| Average employees | 0 | 0 | — | |
| Wages | — | — | — | |
| Directors' remuneration | £203,675 | £187,393 | -8% | |
| Highest paid director | £43,950 | £45,000 | +2.4% |
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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Return on capital employed | 10.8% | 7.7% | |
| Gearing (liabilities / total assets) | 0.1% | 0.1% | |
| Current ratio | 20.38x | 82.83x |
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 1 time since incorporation
- HERALD INVESTMENT TRUST PLC 1994-01-10 → present
- ASSETIMPACT PUBLIC LIMITED COMPANY 1993-12-10 → 1994-01-10
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“the board concluded that there is a material uncertainty that casts significant doubt about the Company's ability to continue as a going concern although it remained appropriate to prepare the financial statements on a going concern basis.”
Significant events
- “The Board... launched a Tender Offer... subsequently cancelled as Saba voted against the tender... the board will launch the Backstop Tender if discussions do not lead to a mutually acceptable outcome.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ABERDEEN CORPORATE SECRETARY LIMITED | Corporate Secretary | 2026-08-01 | — | — |
| EASTMENT, Stephanie Mary | Director | 2018-12-01 | Apr 1960 | British |
| GUHA, Priya | Director | 2023-12-13 | Sep 1973 | British |
| JOY, Andrew Neville | Director | 2022-10-01 | Apr 1957 | British |
| METCALFE, John Christopher Ovington | Director | 2024-04-24 | Jun 1960 | British |
| PARFREY, Joanne | Director | 2026-07-01 | Oct 1972 | British |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| APEX LISTED COMPANIES SERVICES (UK) LIMITED | Corporate Secretary | 2020-12-01 | 2024-10-01 |
| BAILLIE GIFFORD & CO | Corporate Secretary | 2000-09-01 | 2013-11-01 |
| CAVENDISH ADMINISTRATION LIMITED | Corporate Secretary | 1993-12-10 | 1997-05-01 |
| LAW DEBENTURE CORPORATE SERVICES LIMITED | Corporate Secretary | 2013-11-01 | 2020-12-01 |
| NSM FUNDS (UK) LIMITED | Corporate Secretary | 2024-10-01 | 2026-08-01 |
| STEWART IVORY & COMPANY LIMITED | Corporate Secretary | 1997-05-01 | 2000-09-01 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1993-12-10 | 1993-12-10 |
| ABELL, Timothy George | Director | 1993-12-10 | 2002-04-17 |
| BLACK, Thomas Joseph | Director | 2013-05-01 | 2023-04-18 |
| BOASE, Martin | Director | 1994-01-10 | 2009-09-01 |
| BRENDISH, Clayton Mark | Director | 2001-07-23 | 2012-04-17 |
| CAZALET, Charles Julian | Director | 2008-01-18 | 2019-04-16 |
| CURTIS, Timothy Malise | Director | 2004-07-22 | 2014-04-22 |
| DUKES, Justin Paul | Director | 1994-01-11 | 2005-04-13 |
| MARSH, Henrietta Elizabeth | Director | 2019-09-01 | 2026-06-30 |
| MCCARTHY, Colin Michael | Director | 1994-01-11 | 2004-04-14 |
| MCDOUGALL, Douglas Christopher Patrick | Director | 2002-02-13 | 2016-04-19 |
| NEWTON, Stewart Worth | Director | 2012-01-06 | 2015-04-21 |
| PARRITT, Clive Anthony | Director | 1993-12-10 | 2005-04-13 |
| RUSSELL, Ian Simon Macgregor | Director | 2018-08-01 | 2021-03-01 |
| STERNBERG, Karl Stephen | Director | 2015-04-21 | 2024-04-23 |
| WILL, James Robert | Director | 2015-04-21 | 2025-03-24 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1993-12-10 | 1993-12-10 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Director | 1993-12-10 | 1993-12-10 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 482 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-07-10 RESOLUTIONS Resolution
- 2026-07-10 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-26 | SH06 | capital | Capital cancellation shares | |
| 2026-08-11 | SH03 | capital | Capital return purchase own shares | |
| 2026-08-05 | AA | accounts | Accounts with accounts type interim | |
| 2026-08-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-08-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-08-01 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2026-07-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-13 | AA | accounts | Accounts with accounts type interim | |
| 2026-07-10 | RESOLUTIONS | resolution | Resolution | |
| 2026-07-10 | RESOLUTIONS | resolution | Resolution | |
| 2026-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-02 | AA | accounts | Accounts with accounts type full | |
| 2025-12-30 | SH03 | capital | Capital return purchase own shares | |
| 2025-12-30 | SH03 | capital | Capital return purchase own shares | |
| 2025-12-30 | SH03 | capital | Capital return purchase own shares | |
| 2025-12-02 | AA | accounts | Accounts with accounts type interim | |
| 2025-12-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-01 | CH01 | officers | Change person director company with change date | |
| 2025-11-24 | SH03 | capital | Capital return purchase own shares | |
| 2025-11-24 | SH03 | capital | Capital return purchase own shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 7
- Officers appointed
- 2
- Officers resigned
- 2
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.