TCI FUND MANAGEMENT (UK) LIMITED

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -6.4%

  £7,878,440 → £7,377,203

• Cash

  -32.3%

  £8,351,385 → £5,657,642

• Net assets

  —

  Not reported

• Employees

  0%

  1 → 1

• Operating profit

  -22%

  £5,204,166 → £4,056,814

• Profit before tax

  -64.2%

  £1,175,745,291 → £421,406,733

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. 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.

1. TCI FUND MANAGEMENT (UK) LIMITED 2012-09-13 → present
2. TCI FUND MANAGEMENT LIMITED 2012-05-01 → 2012-09-13
3. THE CHILDREN'S INVESTMENT FUND MANAGEMENT LIMITED 2003-05-12 → 2012-05-01
4. DE FACTO 1049 LIMITED 2003-03-21 → 2003-05-12

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Director's assessment of going concern took into account the market developments following the year ended 31 March 2025. After making enquiries and assessing financial forecasts for going concern, the Director has a reasonable expectation that the Company has adequate resources to continue in operational existence for at least twelve months from the date of approval of the financial statements. As a consequence, the Director believes that the Company is well placed to manage business risks successfully. Accordingly, the going concern basis of accounting in preparing the annual financial statements continues to be adopted.”

Group structure

1. TCI FUND MANAGEMENT (UK) LIMITED · parent
   1. TCI Fund Management Limited 100% · London, UK · Investment management

Significant events

• “There have been no significant events which require further disclosure since the Statement of Financial Position date and the date these financial statements were authorised for issue.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.