THE NORTH AMERICAN INCOME TRUST PLC
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Cash
£13m
+143.9% vs 2025
Net assets
£458m
-2% vs 2025
Employees
—
Average over period
Profit before tax
£18m
-5.6% first positive since 2024
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-01-31
| Metric | Trend | 2024-01-31 | 2025-01-31 | 2026-01-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £22,572,000 | £21,193,000 | £20,015,000 | -5.6% | |
| Operating profit | -£5,482,000 | £19,565,000 | £18,457,000 | -5.7% | |
| Profit before tax | -£6,708,000 | £19,222,000 | £18,142,000 | -5.6% | |
| Net profit | -£9,173,000 | £16,315,000 | £15,280,000 | -6.3% | |
| Cash | £21,285,000 | £5,264,000 | £12,841,000 | +143.9% | |
| Total assets less current liabilities | £475,677,000 | £508,019,000 | £494,721,000 | -2.6% | |
| Net assets | £436,479,000 | £467,835,000 | £458,335,000 | -2% | |
| Equity | £436,479,000 | £467,835,000 | £458,335,000 | -2% | |
| Average employees | — | — | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £155,000 | £147,000 | £182,000 | +23.8% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-01-31 | 2025-01-31 | 2026-01-31 |
|---|---|---|---|---|
| Operating margin | -24.3% | 92.3% | 92.2% | |
| Net margin | -40.6% | 77.0% | 76.3% | |
| Return on capital employed | -1.2% | 3.9% | 3.7% | |
| Gearing (liabilities / total assets) | 8.5% | 8.9% | 9.4% | |
| Current ratio | — | 1.60x | 1.81x | |
| Interest cover | -4.47x | 57.04x | 58.59x |
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 2 times since incorporation
- THE NORTH AMERICAN INCOME TRUST PLC 2012-05-29 → present
- EDINBURGH US TRACKER TRUST PLC 1997-06-06 → 2012-05-29
- AMERICAN TRUST PLC 1902-11-20 → 1997-06-06
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the Board's assessment, and in the context of the Company's business model, strategy and operational arrangements above, the directors have a reasonable expectation that the Company will be able to continue in operation and meet its liabilities as they fall due over the three-year period to January 2029.”
Significant events
- “In the year to 31 January 2026, 8,627,316 shares were bought back which added 4.2p per share to the NAV.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JANUS HENDERSON SECRETARIAL SERVICES UK LIMITED | Corporate Secretary | 2024-08-01 | — | — |
| ADEBIYI, John Daniel Abiodun | Director | 2025-10-01 | Jan 1968 | British,Irish |
| BARRETT, Bulbul | Director | 2025-05-01 | Jan 1968 | Irish |
| EDWARDSON, Patrick James | Director | 2022-07-01 | Apr 1971 | British |
| LAMONT, Kathryn Elizabeth | Director | 2018-09-18 | Jul 1968 | British |
| NICKLIN, Susannah Elizabeth Mckean | Director | 2018-09-18 | Feb 1969 | British |
| PARK, Charles John Roberson | Director | 2017-06-13 | Feb 1966 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ABRDN HOLDINGS LIMITED | Corporate Secretary | 2008-03-28 | 2024-08-01 |
| EDINBURGH FUND MANAGERS PLC | Corporate Secretary | — | 2008-03-28 |
| CRAWFORD, Guy Mervyn Archdall | Director | 2004-03-08 | 2018-09-18 |
| EARL OF MANSFIELD, William David Mungo James, The Right Honourable | Director | — | 2002-05-13 |
| FERGUSON, James Gordon Dickson | Director | 2002-03-12 | 2021-12-31 |
| GOOLD, James Duncan | Director | — | 1997-07-27 |
| GROSSART, Angus Mcfarlane Mcleod, Sir | Director | — | 2007-05-23 |
| HILL, Henry Peter | Director | 1989-06-30 | 1992-05-01 |
| HUNTER, Archibald Sinclair | Director | 2003-09-01 | 2018-09-18 |
| MACFARLANE OF BEARSDEN, Lord | Director | — | 1997-09-30 |
| RICE, Susan Ilene, Lady | Director | 2015-03-17 | 2024-06-21 |
| WILSON, William Moore | Director | 1993-12-21 | 2003-12-25 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 1479 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-07-02 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-02 | RESOLUTIONS | resolution | Resolution | |
| 2026-07-02 | AA | accounts | Accounts with accounts type full | |
| 2026-06-17 | TM01 | officers | Termination director company with name termination date | |
| 2026-05-08 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-02-04 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-02-04 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-01-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-06 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-01-06 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-01-05 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-01-05 | SH03 | capital | Capital return purchase own shares | |
| 2026-01-05 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-11-25 | CH01 | officers | Change person director company with change date | |
| 2025-10-27 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-10-20 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-10-20 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-10-20 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-10-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-26 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-08-26 | SH03 | capital | Capital return purchase own shares treasury capital date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 14
- 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.