VASEY & HARRIS ASSET MANAGEMENT LIMITED
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Next accounts due
2027-09-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2027-02-14 (in 9mo)
Last made up 2026-01-31
Watchouts
Cash
£83K
-29.4% vs 2024
Net assets
£145K
-15.5% vs 2024
Employees
4
+33.3% highest in 6 filed years
Profit before tax
-£27K
+28.1% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
9-year trend · vs Financials median
Accounts
9-year trend · latest reflected 2025-12-31
| Metric | Trend | 2019-12-01 | 2020-11-30 | 2020-12-01 | 2021-11-30 | 2021-12-01 | 2022-11-30 | 2023-11-30 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | £18,277 | — | — | — | — | £10,000 | £220,636 | £275,418 | |
| Operating profit | — | -£5,107 | — | -£11,737 | — | -£149,712 | -£145,963 | -£37,240 | -£26,764 | |
| Profit before tax | — | -£5,090 | — | -£11,736 | — | — | — | -£37,240 | -£26,773 | |
| Net profit | — | -£5,066 | — | -£11,736 | — | -£149,712 | -£145,963 | -£37,240 | -£26,773 | |
| Cash | £51,739 | £69,358 | £69,358 | £50,201 | £50,201 | £180,913 | £203,100 | £117,375 | £82,915 | |
| Total assets less current liabilities | — | £69,017 | — | £43,781 | — | £194,069 | £209,424 | £172,184 | £145,411 | |
| Net assets | — | £55,517 | — | £43,781 | — | £194,069 | £209,424 | £172,184 | £145,411 | |
| Equity | £49,583 | £55,517 | £55,517 | £43,781 | £43,781 | £194,069 | £209,424 | £172,184 | £145,411 | |
| Average employees | — | 3 | — | 2 | — | 2 | 2 | 3 | 4 | |
| Wages | — | — | — | — | — | £40,256 | £38,812 | £121,337 | £135,074 | |
| Directors' remuneration | — | — | — | — | — | £40,256 | £38,812 | £40,954 | £26,239 |
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 2025-12-31 vs 2024-12-31
-
Turnover
+24.8%
£220,636 £275,418
highest in 4 filed years
-
Cash
-29.4%
£117,375 £82,915
-
Net assets
-15.5%
£172,184 £145,411
-
Employees
+33.3%
3 4
highest in 6 filed years
-
Operating profit
+28.1%
-£37,240 -£26,764
-
Profit before tax
+28.1%
-£37,240 -£26,773
-
Wages
+11.3%
£121,337 £135,074
highest in 4 filed years
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 | 2019-12-01 | 2020-11-30 | 2020-12-01 | 2021-11-30 | 2021-12-01 | 2022-11-30 | 2023-11-30 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | -27.9% | — | — | — | — | — | -16.9% | -9.7% | |
| Net margin | — | -27.7% | — | — | — | — | — | -16.9% | -9.7% | |
| Return on capital employed | — | -7.4% | — | -26.8% | — | -77.1% | -69.7% | -21.6% | -18.4% | |
| Current ratio | — | — | — | — | — | — | — | 16.59x | 9.49x | |
| Interest cover | — | — | — | — | — | — | — | — | -2973.78x |
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.
Name history
Renamed 2 times since incorporation
- VASEY & HARRIS ASSET MANAGEMENT LIMITED 2025-08-08 → present
- LOTHBERG ASSET MANAGEMENT LIMITED 2021-07-27 → 2025-08-08
- SKDHONSI LIMITED 2016-06-03 → 2021-07-27
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- KNAV Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least 12 months from the date of approval of these financial statements. Thus, the directors continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “The company passed a special resolution on 8 August 2025 changing its name from Lothberg Asset Management Limited to Vasey & Harris Asset Management Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| XU, Gang, Dr | Director | 2026-03-24 | Jan 1980 | British |
| YU, Zhiyan | Director | 2025-08-20 | Feb 1981 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DHONSI, Darshan | Director | 2016-06-03 | 2021-07-23 |
| DHONSI, Sundeep Kumar | Director | 2016-06-03 | 2021-07-23 |
| HALLOWAY-CHURCHILL, Peter Dante | Director | 2021-02-16 | 2023-10-31 |
| TESSAROLLO, Matteo | Director | 2016-11-11 | 2019-06-19 |
| XUE, Chen | Director | 2021-07-23 | 2025-08-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Zhijian Wang | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-12-12 | Active |
| Lothberg Holding (Hk) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-07-23 | Ceased 2024-12-12 |
| Mr Sundeep Kumar Dhonsi | Individual | Shares 75–100% | 2016-06-03 | Ceased 2021-07-23 |
Filing timeline
Last 20 of 50 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-08-08 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-04 | AA | accounts | Accounts with accounts type full | |
| 2026-04-07 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-13 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-08-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-08 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-07-11 | AA | accounts | Accounts with accounts type full | |
| 2025-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-12 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-12-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-12-04 | AA01 | accounts | Change account reference date company current extended | |
| 2024-03-13 | AA | accounts | Accounts with accounts type full | |
| 2024-01-31 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-12-08 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-18 | SH01 | capital | Capital allotment shares | |
| 2023-10-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-27 | AA | accounts | Accounts with accounts type full | |
| 2022-12-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-10-07 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 2
- 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.