MONTANARO UK SMALLER COMPANIES INVESTMENT TRUST PLC
Get an alert when MONTANARO UK SMALLER COMPANIES INVESTMENT TRUST PLC files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£6.3m
+34% vs 2025
Net assets
£115m
-24% lowest in 3 filed years
Employees
—
Average over period
Profit before tax
-£104k
+99.3% vs 2025
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | £15,762,000 | -£13,250,000 | £438,000 | +103.3% | |
| Profit before tax | £15,065,000 | -£13,927,000 | -£104,000 | +99.3% | |
| Net profit | £15,065,000 | -£13,927,000 | -£104,000 | +99.3% | |
| Cash | £14,627,000 | £4,684,000 | £6,275,000 | +34% | |
| Total assets less current liabilities | £199,082,000 | £150,797,000 | £114,603,000 | -24% | |
| Net assets | £199,082,000 | £150,797,000 | £114,603,000 | -24% | |
| Equity | £199,082,000 | £150,797,000 | £114,603,000 | -24% | |
| Average employees | 0 | 0 | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £119,766 | £138,500 | £124,650 | -10% | |
| Directors' pension contributions | £1,722 | £2,055 | £2,110 | +2.7% | |
| Highest paid director | £41,500 | £43,500 | £39,150 | -10% |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Return on capital employed | 7.9% | -8.8% | 0.4% | |
| Gearing (liabilities / total assets) | 9.4% | 8.4% | 9.1% | |
| Current ratio | 0.73x | 0.52x | 0.56x | |
| Interest cover | 22.61x | -19.57x | 0.81x |
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
- MONTANARO UK SMALLER COMPANIES INVESTMENT TRUST PLC 1995-02-27 → present
- THE MONTANARO UK SMALLER COMPANIES INVESTMENT TRUSTPLC 1995-02-16 → 1995-02-27
- BIDRICH PUBLIC LIMITED COMPANY 1994-12-21 → 1995-02-16
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements of the Company have been prepared on a going concern basis. After reviewing the Company's forecast projections and actual performance on a regular basis throughout the year, the Directors believe that this is the appropriate basis. The Directors consider that the Company has adequate resources to continue in existence until at least 25 June 2027 (being 12 months from the date of signing this report).”
Significant events
- “XP Power, a designer and manufacturer of power control solutions for industrial and healthcare applications, performed strongly as demand recovered and margins improved, helped by easing supply chain pressures.”
- “JTC, a provider of fund administration and corporate services, received a takeover offer by private equity group Permira at a c.50% premium.”
- “Alpha Group, a specialist in corporate foreign exchange and alternative banking solutions, saw a takeover approach from US-based Corpay at an even larger c.55% premium.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JUNIPER PARTNERS LTD | Corporate Secretary | 2023-07-01 | — | — |
| COPPLE, Arthur Tyrer | Director | 2017-03-01 | Nov 1954 | British |
| HOARE, Catriona Mary Elizabeth | Director | 2019-11-19 | Jun 1984 | British |
| NAKAJIMA, Christopher Yuuichiro | Director | 2024-01-01 | Feb 1960 | Japanese |
| POWLEY, Annette Barbara | Director | 2020-11-18 | Nov 1961 | British |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MORLEY, Dominic Max Michael | Secretary | 1995-01-09 | 1995-03-08 |
| CAPITA SINCLAIR HENDERSON LIMITED | Corporate Secretary | 1995-03-08 | 2016-12-31 |
| LINK COMPANY MATTERS LIMITED | Corporate Secretary | 2019-10-01 | 2023-06-30 |
| MAITLAND ADMINISTRATION SERVICES LIMITED | Corporate Secretary | 2017-01-01 | 2019-10-01 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1994-12-21 | 1995-01-09 |
| ASHWORTH, Christopher John | Director | 1995-01-09 | 1995-02-07 |
| BOLSOVER, Katharine Blanche Mary | Director | 2014-10-17 | 2019-11-19 |
| BRENDISH, Clayton Mark | Director | 1995-02-07 | 1999-02-09 |
| CATER, Iain Charles Douglas | Director | 1995-02-07 | 2000-07-17 |
| CORBY, Frederick Brian, Sir | Director | 1995-02-07 | 1999-02-09 |
| CUMING, Roger Edward | Director | 2009-06-05 | 2019-07-25 |
| GAMBLE, David John | Director | 2004-11-19 | 2013-07-26 |
| GOUGH, Charles Brandon, Sir | Director | 1998-11-23 | 2005-01-28 |
| GRIFFITHS, Peter Davidson | Director | 2001-02-08 | 2003-09-07 |
| HARDY, Antony Scott | Director | 2000-07-17 | 2009-07-31 |
| JONES, Christopher | Director | 1999-07-09 | 2010-07-30 |
| LITTLER, James Geoffrey, Sir | Director | 1995-02-07 | 2000-07-17 |
| MATTHEWS, Kathryn Ann | Director | 2010-04-01 | 2017-03-08 |
| MORLEY, Dominic Max Michael | Director | 1995-01-09 | 1995-02-07 |
| MOULE, Michael Bruce | Director | 2005-01-28 | 2015-07-31 |
| PETAR, Laurence Geoffrey | Director | 2003-05-23 | 2010-06-16 |
| ROBINSON, James Peyton | Director | 2013-09-30 | 2023-07-27 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1994-12-21 | 1995-01-09 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Director | 1994-12-21 | 1995-01-09 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 289 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-08-07 MA Memorandum articles
- 2026-06-07 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-17 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-08-10 | AA | accounts | Accounts with accounts type full | |
| 2026-08-07 | MA | incorporation | Memorandum articles | |
| 2026-07-29 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-07-29 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-07-03 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-07-03 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-17 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-07 | RESOLUTIONS | resolution | Resolution | |
| 2026-06-02 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-02 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-01-28 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-01-22 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-01-21 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-01-12 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-01-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-31 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-12-02 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-12-02 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-12-02 | 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
- 15
- 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.