POLICY EXCHANGE LIMITED
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2026-10-17 (in 5mo)
Last made up 2025-10-03
Watchouts
None on the register
Cash
£3M
+6% vs 2023
Net assets
£3M
+13.9% vs 2023
Employees
25
-7.4% vs 2023
Profit before tax
—
Period ending 2024-09-30
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · latest reflected 2024-09-30
| Metric | Trend | 2022-09-30 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|---|
| Turnover | — | £538,185 | £408,417 | |
| Operating profit | — | — | — | |
| Profit before tax | — | — | — | |
| Net profit | — | £186,144 | £354,363 | |
| Cash | — | £2,633,731 | £2,791,927 | |
| Total assets less current liabilities | — | £2,555,185 | £2,909,548 | |
| Net assets | — | £2,555,185 | £2,909,548 | |
| Equity | — | £2,555,185 | £2,909,548 | |
| Average employees | 24 | 27 | 25 | |
| Wages | — | £1,641,052 | £1,598,612 | |
| Directors' remuneration | — | £301,750 | £340,366 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-09-30 vs 2023-09-30
-
Turnover
-24.1%
£538,185 £408,417
-
Cash
+6%
£2,633,731 £2,791,927
-
Net assets
+13.9%
£2,555,185 £2,909,548
-
Employees
-7.4%
27 25
-
Wages
-2.6%
£1,641,052 £1,598,612
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-09-30 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|---|
| Net margin | — | 34.6% | 86.8% | |
| Gearing (liabilities / total assets) | — | 22.7% | 13.6% | |
| Current ratio | — | 4.01x | 6.81x |
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 2 times since incorporation
- POLICY EXCHANGE LIMITED 2002-05-23 → present
- XCHANGE IDEAS LIMITED 2001-11-09 → 2002-05-23
- QUESTNOW LIMITED 2001-10-03 → 2001-11-09
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- HW Fisher Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the Trustees' 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 Charity'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.”
Group structure
- POLICY EXCHANGE LIMITED · parent
- Policy Exchange Events Limited 100%
Significant events
- “Policy Exchange continued to make a significant impact across a wide range of policy sectors in 2023-2024, hosting senior domestic and international speakers and publishing 46 new policy papers, research reports and briefings across the full spectrum of policy areas.”
- “Policy Exchange hosted a keynote speech from then Prime Minister Rt. Hon Rishi Sunak MP and two keynote speeches from then Shadow Secretary of State for Defence Rt. Hon John Healey MP and then Shadow Secretary of State for Health Rt. Hon Wes Streeting MP.”
- “Policy Exchange launched two new workstreams: The Future of the Right and The Future of the Left.”
- “In February 2024, the Government announced new laws to deal with disruptive protests including the intention to deal with the issues created by the Supreme Court in the case of R v Ziegler. Policy Exchange had addressed this in both The Just Stop Oil Protests: A legal and policing quagmire and Amending the Public Order Bill.”
- “The influence of our Transport, Infrastructure and Liveable London Unit culminated in October 2023, when the Prime Minister set out that the Government would not be proceeding with the HS2 high-speed rail line from Birmingham to Manchester.”
- “In May 2024, the Health Secretary, Rt. Hon Victoria Atkins MP implemented a further recommendation from the report when she used emergency legislation to ban the private provision of puberty blockers to children.”
- “In education, our April 2024 report, Disconnect: The Case for a Smartphone Ban in Schools had immediate impact, with 50 MPs and Peers publishing a joint letter to the Prime Minister, citing our work, and calling for the Government to act.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
13 active · 43 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BILIMORIA, Karan Faridoon, Lord | Director | 2022-06-22 | Nov 1961 | British |
| DOWNER, Alexander John Gosse, The Hon. | Director | 2018-05-01 | Sep 1951 | Australian |
| FELDMAN, Andrew Simon, Lord | Director | 2017-07-05 | Feb 1966 | British |
| HARDING, David Winton | Director | 2020-04-02 | Aug 1961 | British |
| HODGSON, Patricia Anne, Dame | Director | 2018-07-05 | Jan 1947 | British |
| JONES, Greta Joyce, Professor | Director | 2015-06-18 | Nov 1943 | British |
| ORD, David Charles, Sir | Director | 2020-04-02 | Jul 1948 | British |
| POSEN, Daniel Lawrence | Director | 2023-06-29 | Aug 1958 | Swiss |
| ROBERTS, Andrew | Director | 2014-11-25 | Jan 1963 | British |
| SALOMON, William Henry | Director | 2020-04-02 | Sep 1957 | British |
| SHAH, Ommasalma | Director | 2025-01-30 | Jul 1984 | British |
| WOLFSON, Simon Adam, Lord | Director | 2020-04-02 | Oct 1967 | British |
| WRIGHT, Nigel Stewart | Director | 2018-03-19 | May 1963 | British |
Show 43 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| EDWARDS, Robin Warwick | Secretary | 2002-06-12 | 2015-10-13 |
| WILDING, Peter | Secretary | 2001-11-02 | 2002-06-12 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2001-10-03 | 2001-11-02 |
| AFRIYIE, Adam | Director | 2003-07-07 | 2005-05-09 |
| AGNEW, Theodore Thomas More, Lord | Director | 2006-04-01 | 2014-11-25 |
| AMORY, Edward Fitzgerald Heathcoat | Director | 2011-10-12 | 2014-07-16 |
| BARROW, Colin | Director | 2003-07-07 | 2005-01-18 |
| BERRY, Diana Margaret Jane | Director | 2015-02-17 | 2021-04-15 |
| BRIANCE, Richard Henry | Director | 2006-01-18 | 2015-05-11 |
| BROCKLEBANK-FOWLER, Simon Edward | Director | 2010-10-12 | 2015-10-19 |
| CAVENDISH, Camilla Hilary | Director | 2002-06-12 | 2010-09-22 |
| DALE, Iain Campbell | Director | 2002-06-12 | 2007-02-27 |
| DOW, Pamela Margaret | Director | 2018-12-10 | 2024-05-20 |
| EDWARDS, Robin Warwick | Director | 2002-06-12 | 2015-10-13 |
| EHRMAN, Richard Albert | Director | 2005-07-19 | 2015-05-20 |
| FINKELSTEIN, Daniel William, Lord | Director | 2011-06-21 | 2015-10-10 |
| FRASER, Virginia Mary | Director | 2007-07-31 | 2015-05-11 |
| FRUM, David Jeffrey | Director | 2014-01-29 | 2017-04-26 |
| GERTLER, Candida | Director | 2014-11-25 | 2019-12-05 |
| GOVE, Michael | Director | 2002-06-12 | 2006-01-18 |
| LAW, Andrew Eric | Director | 2021-01-22 | 2025-04-22 |
| LEE, Edward Michael | Director | 2015-10-21 | 2021-06-05 |
| MAUDE, Francis Anthony Aylmer, The Right Hon. | Director | 2001-11-02 | 2002-06-12 |
| MELLER, David Robert | Director | 2011-10-12 | 2014-11-25 |
| METCALF, Charlotte Amanda Emily | Director | 2015-06-18 | 2025-06-05 |
| MICKLETHWAIT, Richard John | Director | 2002-06-12 | 2007-02-27 |
| MOORE, Charles Hilary, Lord | Director | 2004-12-02 | 2011-06-21 |
| NOEL, Elizabeth Mary Alice | Director | 2007-06-05 | 2008-02-26 |
| ORF, Roger Gerard | Director | 2017-07-05 | 2023-03-16 |
| RAO, Sarpadi Krishna | Director | 2014-01-29 | 2018-03-19 |
| ROBINSON, George Edward Silvanus | Director | 2004-11-10 | 2021-04-15 |
| ROSENKRANZ, Robert | Director | 2010-01-18 | 2023-08-29 |
| SELLS, Edward Andrew Perronet | Director | 2007-10-30 | 2013-12-04 |
| STEEL, Timothy Michael | Director | 2006-03-28 | 2012-07-12 |
| STEWART-SMITH, Charles Geoffrey | Director | 2013-07-16 | 2015-10-19 |
| THOMSON, Alice Mary Rose | Director | 2002-06-12 | 2011-01-18 |
| WALL, Peter Anthony, General Sir | Director | 2015-02-17 | 2023-03-16 |
| WHEATCROFT, Patience Jane, Baroness | Director | 2012-06-14 | 2013-11-20 |
| WHETSTONE, Rachel Marjorie Joan | Director | 2003-07-07 | 2013-07-16 |
| WILLETTS, David Lindsay, Lord | Director | 2001-11-02 | 2002-06-12 |
| WOLFSON, Simon Adam, Lord | Director | 2008-12-02 | 2017-04-26 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 2001-10-03 | 2001-11-02 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Director | 2001-10-03 | 2001-11-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Hon. Alexander John Gosse Downer | Individual | Significant influence | 2018-10-01 | Active |
| Mr David Jeffrey Frum | Individual | Appoints directors | 2016-04-06 | Ceased 2017-04-26 |
Filing timeline
Last 20 of 214 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-07 | AA | accounts | Accounts with accounts type full | |
| 2025-02-13 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-29 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-10-29 | CH01 | officers | Change person director company with change date | |
| 2024-06-27 | AA | accounts | Accounts with accounts type full | |
| 2024-06-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-17 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-16 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-16 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-16 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-10 | AA | accounts | Accounts with accounts type full | |
| 2022-11-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-11 | CH01 | officers | Change person director company with change date | |
| 2022-10-11 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.