ASHGROVE CAPITAL LLP
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-04-09 (in 11mo)
Last made up 2026-03-26
Watchouts
None on the register
Cash
£2M
+106.7% highest in 6 filed years
Net assets
£910K
+42.1% vs 2024
Employees
20
+25% highest in 6 filed years
Profit before tax
—
Period ending 2025-03-31
Net assets
6-year trend · vs Unclassified median
Accounts
6-year trend · latest reflected 2025-03-31
| Metric | Trend | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £7,044,723 | £11,521,221 | |
| Operating profit | — | — | — | — | £491,573 | £1,445,846 | |
| Profit before tax | — | — | — | — | — | — | |
| Net profit | -£594,328 | £474,795 | £2,548,888 | £322,304 | £483,774 | £1,439,047 | |
| Cash | £262,954 | £248,389 | £1,615,496 | £443,446 | £934,125 | £1,931,047 | |
| Total assets less current liabilities | £332,390 | — | — | — | £640,264 | £909,880 | |
| Net assets | £332,390 | £295,942 | £1,142,380 | £920,827 | £640,264 | £909,880 | |
| Equity | £332,390 | £295,942 | £1,142,380 | £920,827 | £133,538 | £150,742 | |
| Average employees | 7 | 7 | 11 | 13 | 16 | 20 | |
| Wages | — | — | — | — | £2,795,010 | £3,723,433 | |
| Directors' remuneration | — | — | — | — | — | — |
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
+63.5%
£7,044,723 £11,521,221
-
Cash
+106.7%
£934,125 £1,931,047
highest in 6 filed years
-
Net assets
+42.1%
£640,264 £909,880
-
Employees
+25%
16 20
highest in 6 filed years
-
Operating profit
+194.1%
£491,573 £1,445,846
-
Wages
+33.2%
£2,795,010 £3,723,433
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 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 7.0% | 12.5% | |
| Net margin | — | — | — | — | 6.9% | 12.5% | |
| Return on capital employed | — | — | — | — | 76.8% | 158.9% | |
| Current ratio | — | — | — | — | 1.41x | 1.29x | |
| Interest cover | — | — | — | — | 50.08x | 171.09x |
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 1 time since incorporation
- ASHGROVE CAPITAL LLP 2019-11-20 → present
- ALVIN PARTNERS LLP 2018-03-27 → 2019-11-20
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Sopher + Co LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the members' 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 Group's or the parent LLP'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
- ASHGROVE CAPITAL LLP · parent
- AshGrove Capital Management Ltd 100%
- Ashgrove Speciality Lending Fund I (GP) Limited 100%
- Ashgrove Specialty Lending Fund I (GP) S.a.r.l 100%
- Ashgrove Specialty Lending Fund II (GP) S.a.r.l 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FERGUSON, Jonathon James | Llp Designated Member | 2020-01-02 | May 1980 | — |
| FRETWELL, Philip James | Llp Designated Member | 2019-11-19 | Jul 1980 | — |
| RANTANEN, Ilkka Sakari | Llp Designated Member | 2018-03-27 | Jul 1981 | — |
| TETRAO SPF | Corporate Llp Member | 2022-02-28 | — | — |
| VEIKKO LAINE OY | Corporate Llp Member | 2018-03-27 | — | — |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SCHEURL, David Yuuki | Llp Designated Member | 2018-12-17 | 2019-11-19 |
| WAHLROOS, Thomas Arne Johannes | Llp Designated Member | 2018-03-27 | 2019-11-19 |
| LOXIA AS | Corporate Llp Member | 2018-03-27 | 2022-02-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Jonathon James Ferguson | Individual | significant-influence-or-control-limited-liability-partnership | 2020-01-02 | Active |
| Mr Philip James Fretwell | Individual | significant-influence-or-control-limited-liability-partnership | 2019-11-19 | Active |
| Mr David Yuuki Scheurl | Individual | voting-rights-25-to-50-percent-limited-liability-partnership | 2019-03-01 | Ceased 2019-11-19 |
| Mr Thomas Arne Johannes Wahlroos | Individual | voting-rights-25-to-50-percent-limited-liability-partnership, right-to-share-surplus-assets-25-to-50-percent-limited-liability-partnership | 2018-03-27 | Ceased 2019-11-19 |
| Mr Ilkka Sakari Rantanen | Individual | significant-influence-or-control-limited-liability-partnership | 2018-03-27 | Active |
Filing timeline
Last 20 of 46 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-23 | LLPSC04 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2026-04-08 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-30 | LLPSC04 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2025-08-08 | AA | accounts | Accounts with accounts type group | |
| 2025-03-27 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-01 | AA | accounts | Accounts with accounts type group | |
| 2024-03-26 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-03 | AA | accounts | Accounts with accounts type group | |
| 2023-03-28 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-04 | AA | accounts | Accounts with accounts type group | |
| 2022-03-30 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-17 | LLAP02 | officers | Appoint corporate member limited liability partnership with appointment date | |
| 2022-03-17 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2022-01-28 | LLAD01 | address | Change registered office address limited liability partnership with date old address new address | |
| 2022-01-28 | LLAD01 | address | Change registered office address limited liability partnership with date old address new address | |
| 2021-10-21 | LLPSC04 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2021-10-21 | LLPSC04 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2021-10-21 | LLPSC04 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2021-09-02 | AA | accounts | Accounts with accounts type group | |
| 2021-05-11 | LLCS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- 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.