DEVON EQUITY MANAGEMENT LIMITED
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Next accounts due
2027-06-30 (in 1y)
Last filed for 2025-09-30
Confirmation statement due
2027-04-24 (in 11mo)
Last made up 2026-04-10
Watchouts
Cash
£2M
Latest balance sheet
Net assets
£2M
Equity attributable
Employees
11
Average over period
Profit before tax
£311K
Period ending 2025-09-30
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
7-year trend · vs Financials median
Accounts
7-year trend · latest reflected 2025-09-30
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-09-30 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £8,563,914 | £4,828,168 | |
| Operating profit | — | — | — | — | — | £2,096,464 | £247,272 | |
| Profit before tax | — | — | — | — | — | £2,246,962 | £311,447 | |
| Net profit | — | — | — | — | — | £1,672,552 | £179,927 | |
| Cash | — | — | — | — | — | £2,392,041 | £2,038,001 | |
| Total assets less current liabilities | — | — | — | — | — | £3,028,433 | £2,307,326 | |
| Net assets | — | — | — | — | — | £3,016,737 | £2,295,630 | |
| Equity | £918,473 | £3,685,533 | £3,577,254 | £3,358,511 | — | £3,016,737 | £2,295,630 | |
| Average employees | — | — | — | — | — | 11 | 11 | |
| Wages | — | — | — | — | — | £3,552,228 | £2,303,343 | |
| Directors' remuneration | — | — | — | — | £2,256,249 | £2,256,441 | £1,522,142 |
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 2025-09-30 vs 2024-12-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-09-30 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 24.5% | 5.1% | |
| Net margin | — | — | — | — | — | 19.5% | 3.7% | |
| Return on capital employed | — | — | — | — | — | 69.2% | 10.7% | |
| Current ratio | — | — | — | — | — | 4.23x | 3.62x |
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
- Standalone (parent only)
- Auditor
- HW Fisher Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors are confident that the company can continue as a going concern for a period of at least twelve months from the date approval of these financial statements. The Company is well placed and has adequate resources to manage its financial position, operations, clients and investments for the foreseeable future.”
Significant events
- “On 27 August 2025 the Board resolved to shorten the current accounting period to end on 30 September 2025 so as to align the Company's continuing annual reporting date with that if its new owner, River Global PLC, which acquired the whole of the share capital in the Company from its former shareholders on 6 October 2025.”
- “On 13 August 2025 and on 03 July 2025 the Company repurchased for cancellation the 2022 and 2025 issues of growth shares respectively. These purchases were undertaken in anticipation of the sale of the Company to River Global PLC.”
- “On 6th October 2025, the company was acquired by River Global Holdings Limited, which is wholly owned by River Global PLC.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DARWALL, Alexander Frederick Clifford | Director | 2019-05-09 | Jun 1963 | British |
| EMO CAPODILISTA MALDURA, Alvise Luca | Director | 2019-05-09 | Mar 1981 | British |
| MARSHALL, Gary Robert | Director | 2025-11-28 | Jul 1961 | British |
| PAVRY, Richard Nicholas George | Director | 2019-05-09 | Sep 1972 | British |
| TROUGHTON, Simon Richard Vivian | Director | 2019-10-01 | Nov 1953 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FARR, Nigel | Director | 2019-04-11 | 2019-05-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| River Global Holdings Limited | Corporate entity | Shares 75–100% | 2025-10-06 | Active |
| Mr Alexander Frederick Clifford Darwall | Individual | Shares 50–75%, Voting 50–75% | 2019-06-06 | Ceased 2025-10-06 |
| Peregrine Secretarial Services Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-04-11 | Ceased 2019-06-06 |
Filing timeline
Last 20 of 49 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-04 RESOLUTIONS Resolution
- 2025-08-20 RESOLUTIONS Resolution
- 2025-01-30 RESOLUTIONS Resolution
- 2025-01-30 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-19 | SH06 | capital | Capital cancellation shares | |
| 2026-01-26 | AA | accounts | Accounts with accounts type full | |
| 2025-12-08 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-11-28 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-11-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-04 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-04 | SH03 | capital | Capital return purchase own shares | |
| 2025-09-01 | SH06 | capital | Capital cancellation shares | |
| 2025-08-27 | AA01 | accounts | Change account reference date company current shortened | |
| 2025-08-20 | RESOLUTIONS | resolution | Resolution | |
| 2025-08-20 | SH03 | capital | Capital return purchase own shares | |
| 2025-07-11 | SH03 | capital | Capital return purchase own shares | |
| 2025-04-23 | AA | accounts | Accounts with accounts type full | |
| 2025-04-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-30 | RESOLUTIONS | resolution | Resolution | |
| 2025-01-30 | SH08 | capital | Capital name of class of shares | |
| 2025-01-30 | SH10 | capital | Capital variation of rights attached to shares | |
| 2025-01-30 | MA | incorporation | Memorandum articles | |
| 2025-01-30 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 8
- Officers appointed
- 1
- 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.