TROY ASSET MANAGEMENT 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

  -12.8%

  £95,710,000 → £83,500,000

• Cash

  +8%

  £38,730,000 → £41,835,000

• Net assets

  +29.5%

  £25,175,000 → £32,596,000

• Employees

  +4.3%

  47 → 49

• Operating profit

  +46.5%

  £20,382,000 → £29,868,000

• Profit before tax

  +38.3%

  £22,617,000 → £31,272,000

• Wages

  -11.8%

  £40,880,000 → £36,062,000

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. TROY ASSET MANAGEMENT LIMITED 2000-10-23 → present
2. RAINSLEA LIMITED 2000-02-22 → 2000-10-23

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least 12 months from when the financial statements are authorised for issue. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”

Significant events

• “In the prior year ended 30 April 2024, a number of share transactions were undertaken to simplify the capital structure of the company with the exercise of all the remaining share options, conversion of growth shares into ordinary shares (with all growth shares and deferred shares subsequently being repurchased and cancelled), the award of 191,695 ordinary shares from the Employee Benefit Trust to employees and finally, 1,663,867 ordinary shares, representing approximately 20% of the issued share capital, were bought back for cancellation for a consideration of £39.2m. On 1 March 2024, following this reorganisation, LPC Oak, LLC (LPC), a subsidiary of Lincoln Peak Capital, LLC, a US Boston-based private organisation that specialises in making long-term investments in asset managers acquired a substantial minority stake in the company. In the year ended 30 April 2025, the only share transaction was the sale of 2,070 shares by the Employee Benefit Trust to an employee.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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.