LINDSELL TRAIN LIMITED
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Cash
£38M
-53.3% lowest in 3 filed years
Net assets
£107M
-1.3% vs 2025
Employees
32
+6.7% highest in 3 filed years
Profit before tax
£31M
-37.5% lowest in 3 filed years
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 | £86,145,715 | £69,108,982 | £50,864,710 | -26.4% | |
| Operating profit | £55,027,907 | £43,338,749 | £28,979,259 | -33.1% | |
| Profit before tax | £58,758,064 | £49,222,523 | £30,774,799 | -37.5% | |
| Net profit | £44,596,102 | £36,900,837 | £23,104,840 | -37.4% | |
| Cash | £75,016,187 | £80,808,369 | £37,752,373 | -53.3% | |
| Total assets less current liabilities | £104,198,647 | £109,140,410 | £107,307,548 | -1.7% | |
| Net assets | £103,519,331 | £108,161,568 | £106,712,548 | -1.3% | |
| Equity | £103,519,331 | £108,161,568 | £106,712,548 | -1.3% | |
| Average employees | 30 | 30 | 32 | +6.7% | |
| Wages | £22,496,393 | £18,110,418 | £13,528,948 | -25.3% | |
| Directors' remuneration | £8,570,733 | £10,276,645 | £6,800,694 | -33.8% |
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 | 63.9% | 62.7% | 57.0% | |
| Net margin | 51.8% | 53.4% | 45.4% | |
| Return on capital employed | 52.8% | 39.7% | 27.0% | |
| Current ratio | 5.40x | 9.03x | 11.82x |
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 1 time since incorporation
- LINDSELL TRAIN LIMITED 2000-05-18 → present
- IBIS (572) LIMITED 2000-03-07 → 2000-05-18
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“the Board has considered the current cash position of the Company and its cash flow forecasts and remains confident that the Company will be able to meet its ongoing obligations as they arise for at least the next twelve months from the date of approval of the financial statements. As a result, the directors continue to prepare the financial statements on a going concern basis.”
Significant events
- “In March 2026, we announced a strategic development for our Company with the launch of a new International (EAFE) strategy (including the Lindsell Train International Equity LLC fund), which complements our existing range of strategies spanning Global, UK, Japan and North American equities. The Company has invested $15 million into the Lindsell Train International Equity LLC.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LIM, Michael Cheong Young | Secretary | 2001-02-27 | — | Malaysian |
| BARTLETT, Julian | Director | 2020-07-02 | Jun 1964 | British |
| BULLOCK, James Michael Rex, Mr. | Director | 2024-05-29 | Jan 1983 | British |
| LANDMAN, Rory Buchanan | Director | 2023-03-01 | Jan 1961 | British |
| LIM, Michael Cheong Young | Director | 2010-03-12 | Feb 1956 | Malaysian |
| LINDSELL, Michael James | Director | 2000-05-31 | Feb 1960 | British |
| MARSHALL, Jessica, Mrs. | Director | 2024-05-27 | May 1984 | British |
| ORR, Jane Sylvia | Director | 2010-03-12 | Mar 1960 | British |
| SAUNDERS, Jocelyn Arthur | Director | 2022-07-22 | Dec 1974 | British |
| TRAIN, Nicholas John | Director | 2000-05-31 | Apr 1959 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| TRAIN, Nicholas John | Secretary | 2000-05-31 | 2001-02-27 |
| TSD SECRETARIES LIMITED | Corporate Nominee Secretary | 2000-03-07 | 2000-05-31 |
| ALEXANDROFF, James Michael | Director | 2011-07-25 | 2023-03-14 |
| WILSON, Keith James | Director | 2019-11-26 | 2024-01-31 |
| TSD NOMINEES LIMITED | Corporate Nominee Director | 2000-03-07 | 2000-05-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr. Nicholas John Train | Individual | Significant influence (as trust) | 2016-04-06 | Active |
| Mr Michael James Lindsell | Individual | Shares 25–50% (as trust), Voting 25–50% (as trust) | 2016-04-06 | Active |
Filing timeline
Last 20 of 137 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-12-19 RESOLUTIONS Resolution
- 2024-12-19 MA Memorandum articles
- 2023-08-15 RESOLUTIONS Resolution
- 2023-04-15 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-16 | AA | accounts | Accounts with accounts type full | |
| 2026-04-21 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-04-21 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-04-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-12 | AA | accounts | Accounts with accounts type full | |
| 2025-04-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-19 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-19 | MA | incorporation | Memorandum articles | |
| 2024-09-30 | CH01 | officers | Change person director company with change date | |
| 2024-05-31 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-30 | AA | accounts | Accounts with accounts type full | |
| 2024-04-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-25 | AA | accounts | Accounts with accounts type full | |
| 2023-08-15 | RESOLUTIONS | resolution | Resolution | |
| 2023-08-14 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2023-04-15 | RESOLUTIONS | resolution | Resolution | |
| 2023-04-12 | CH01 | officers | Change person director company with change date | |
| 2023-04-12 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- 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.