CANAL & RIVER TRUST
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-10-23 (in 5mo)
Last made up 2025-10-09
Watchouts
Cash
£10M
0% vs 2024
Net assets
£856M
+2.7% vs 2024
Employees
1,805
+0.5% vs 2024
Profit before tax
—
Period ending 2025-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Utilities median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £237,300,000 | £232,600,000 | |
| Operating profit | -£15,100,000 | -£800,000 | |
| Profit before tax | — | — | |
| Net profit | -£29,400,000 | £23,300,000 | |
| Cash | £10,000,000 | £10,000,000 | |
| Total assets less current liabilities | £1,040,300,000 | £1,070,000,000 | |
| Net assets | £832,900,000 | £855,600,000 | |
| Equity | £832,900,000 | £855,600,000 | |
| Average employees | 1,796 | 1,805 | |
| Wages | £73,100,000 | £66,300,000 | |
| Directors' remuneration | £1,900,000 | £2,000,000 |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-2%
£237,300,000 £232,600,000
-
Cash
0%
£10,000,000 £10,000,000
-
Net assets
+2.7%
£832,900,000 £855,600,000
-
Employees
+0.5%
1,796 1,805
-
Operating profit
+94.7%
-£15,100,000 -£800,000
-
Wages
-9.3%
£73,100,000 £66,300,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | -6.4% | -0.3% | |
| Net margin | -12.4% | 10.0% | |
| Return on capital employed | -1.5% | -0.1% | |
| Gearing (liabilities / total assets) | 26.1% | 25.6% | |
| Current ratio | 0.86x | 0.89x | |
| Interest cover | -3.43x | -0.19x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis and there is no material uncertainty in respect of the going concern basis of preparation.”
Group structure
- CANAL & RIVER TRUST · parent
- Canal & River Trading CIC
- Canal & River Pension Investments LP (SLP)
- Canal & River Pension Partner Limited
- Boat Safety Scheme Limited
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
12 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DEARDS, Thomas James | Secretary | 2018-04-01 | — | — |
| BEVAN, James David, Sir | Director | 2023-09-20 | Jul 1959 | British |
| CLUFF, Angela | Director | 2025-09-24 | Oct 1962 | British |
| FELLINGHAM, Chris | Director | 2023-09-20 | Aug 1963 | British |
| HUDSON, Peter Derek | Director | 2025-09-24 | Jun 1961 | British |
| KELLY, Christopher William, Sir | Director | 2017-09-21 | Aug 1946 | British |
| KENNEDY, Bronagh | Director | 2022-09-21 | Oct 1963 | British |
| MONTAGU, Clare | Director | 2025-09-24 | Jun 1976 | British |
| ORR, David Campbell | Director | 2022-09-21 | Mar 1955 | British |
| PETERS, Ian | Director | 2022-09-21 | Oct 1958 | British |
| PRICE, Clair Jennifer | Director | 2018-09-26 | Feb 1960 | British |
| SONDHI, Ranjit | Director | 2024-09-25 | Oct 1955 | British |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| EASTWOOD, Gill, Dr | Secretary | 2016-09-23 | 2018-04-01 |
| JOHNSON, Nigel Ian | Secretary | 2011-10-12 | 2013-12-31 |
| LEWIS, Jacqueline Ann | Secretary | 2015-07-01 | 2016-09-23 |
| RIDAL, Philip Martin | Secretary | 2013-12-31 | 2015-06-30 |
| ABRAMSKY, Jennifer Gita, Dame | Director | 2016-09-22 | 2025-09-24 |
| ANNETT, Nigel Charles | Director | 2016-06-01 | 2024-10-14 |
| BERRY, Gwenda Lynne | Director | 2011-10-12 | 2017-09-21 |
| BRIDGEMAN, John Stuart | Director | 2011-10-12 | 2014-09-25 |
| CASSONI, Maria Luisa | Director | 2012-03-15 | 2012-11-16 |
| CHANDE, Manish Jayantilal | Director | 2012-03-15 | 2018-09-26 |
| COTTON, Jane Catherine | Director | 2011-10-12 | 2017-09-21 |
| DODWELL, John Christopher | Director | 2011-10-12 | 2017-09-21 |
| DONE, Frances Winifred | Director | 2013-05-23 | 2018-09-26 |
| FRANKLIN, Thomas Gerald | Director | 2011-10-12 | 2016-09-22 |
| GORDON, Joseph Benjamin | Director | 2014-09-24 | 2022-09-21 |
| HALES, Antony John | Director | 2011-10-12 | 2015-09-23 |
| HOGBEN, Janet | Director | 2016-09-22 | 2025-09-24 |
| HUGILL, William Nigel | Director | 2011-10-12 | 2012-03-28 |
| LEIGHTON, Allan Leslie | Director | 2014-09-24 | 2022-09-21 |
| REEVE, Timothy Iain | Director | 2016-09-22 | 2025-09-24 |
| SHINE, Stephen Frank | Director | 2012-03-15 | 2016-01-19 |
| THURLEY, Simon John, Dr | Director | 2011-10-12 | 2016-09-22 |
| WHITNEY, Sarah | Director | 2018-09-26 | 2023-09-20 |
| WILKINSON, Susan Linda | Director | 2017-09-21 | 2023-09-20 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 112 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-10-17 MA Memorandum articles
- 2023-10-17 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-05 | AA | accounts | Accounts with accounts type group | |
| 2025-10-10 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-10-10 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-10-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-24 | AA | accounts | Accounts with accounts type group | |
| 2024-11-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-03 | AA | accounts | Accounts with accounts type group | |
| 2023-10-17 | MA | incorporation | Memorandum articles | |
| 2023-10-17 | RESOLUTIONS | resolution | Resolution | |
| 2023-10-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-05 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-27 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 3
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.