SCOTTISH MORTGAGE INVESTMENT TRUST PLC
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Cash
£11m
+22.4% vs 2025
Net assets
£14bn
+14.4% vs 2025
Employees
—
Average over period
Profit before tax
£3.1bn
+155.7% vs 2025
Profit before tax
2-year trend · vs Financials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | £1,203,060,000 | £3,104,317,000 | +158% | |
| Profit before tax | £1,203,060,000 | £3,075,978,000 | +155.7% | |
| Net profit | £1,199,883,000 | £3,073,278,000 | +156.1% | |
| Cash | £9,013,000 | £11,028,000 | +22.4% | |
| Total assets less current liabilities | £13,264,740,000 | £14,809,492,000 | +11.6% | |
| Net assets | — | — | — | |
| Equity | £12,082,465,000 | £13,822,175,000 | +14.4% | |
| Average employees | — | — | — | |
| Wages | — | — | — | |
| Directors' remuneration | £377,932 | £411,361 | +8.8% | |
| Directors' pension contributions | £27,932 | £34,052 | +21.9% | |
| Highest paid director | £137,940 | £146,440 | +6.2% |
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 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|
| Return on capital employed | 9.1% | 21.0% | |
| Current ratio | 0.16x | 0.09x | |
| Interest cover | 21.61x | 58.91x |
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
- SCOTTISH MORTGAGE INVESTMENT TRUST PLC 2003-08-01 → present
- THE SCOTTISH MORTGAGE AND TRUST PUBLIC LIMITED COMPANY 1909-03-17 → 2003-08-01
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors... have undertaken a rigorous review of the Company's ability to continue as a going concern.”
Significant events
- “The Board approved changes to the Company’s Investment Policy, at the 2023 Annual General Meeting, which allowed additional flexibility to permit further investment in private (unlisted) companies.”
- “Subsequent to the year end, at a General Meeting held on 10 April 2026, shareholders approved a targeted change to the Company’s investment policy. The change provides limited additional flexibility for private company investments.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAILLIE GIFFORD & CO LIMITED | Corporate Secretary | 2014-07-01 | — | — |
| FITZPATRICK, Mark Thomas | Director | 2021-10-05 | Apr 1968 | Irish |
| FLOOD, Sharon Emma | Director | 2023-05-17 | May 1965 | British |
| KUMARASWAMY, Vikram | Director | 2023-05-17 | Mar 1977 | Indian |
| LEUNG, King-Hung | Director | 2023-08-01 | Aug 1977 | British |
| MANNERS, Heather Caroline Seton | Director | 2026-01-01 | Aug 1964 | British |
| MAXWELL, Patrick Henry, Professor | Director | 2016-04-01 | Mar 1962 | British |
| SAMUEL, Christopher John Loraine | Director | 2025-01-01 | Jul 1958 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAILLIE GIFFORD & CO | Corporate Secretary | — | 2014-07-01 |
| BALL, Geoffrey Arthur | Director | — | 2009-06-25 |
| BHIDÉ, Amarnath Vasudeo, Professor | Director | 2020-05-14 | 2023-03-20 |
| DAWSON DAMER, George Lionel Yuill Seymour, The Right Honourable | Director | 1997-04-23 | 2004-07-01 |
| DOWLEY, Laurence Justin | Director | 2015-09-04 | 2025-07-04 |
| GRAY OBE DL, Michael Maxwell, Dr | Director | 2004-02-26 | 2015-06-23 |
| GWILT, George David | Director | — | 1998-06-18 |
| IRWIN, Ian Sutherland | Director | — | 1999-07-01 |
| JOHNSTON, Frederick Patrick Mair | Director | 1991-04-25 | 2002-07-04 |
| KAY, John Anderson, Professor | Director | 2008-12-11 | 2020-06-25 |
| MACKAY, Donald Iain, Sir | Director | 1999-07-01 | 2009-12-31 |
| MCBAIN, Fiona Catherine | Director | 2009-02-26 | 2023-06-27 |
| MCQUEEN, William Gordon | Director | 2001-02-15 | 2016-06-30 |
| SANDERSON, Charles Russell, Lord | Director | 1991-04-25 | 2003-07-03 |
| SCOTT, John Philip Henry Schomberg | Director | 2001-10-31 | 2017-06-29 |
| SHAW, John Calman, Sir | Director | — | 2001-07-05 |
| STRATHCLYDE, Thomas Dunlop Galloway De Roy De Blicquy Galbraith, Lord | Director | 2004-02-26 | 2010-02-28 |
| SUBACCHI, Paola, Dr | Director | 2014-04-01 | 2023-06-27 |
| YOUNG-HERRIES, Michael, Sir | Director | — | 1993-06-24 |
| YUEH, Linda, Dr | Director | 2012-05-03 | 2013-03-31 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 664 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-07-08 MA Memorandum articles
- 2026-07-03 MA Memorandum articles
- 2026-07-03 RESOLUTIONS Resolution
- 2026-04-22 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-29 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-07-15 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2026-07-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-07-14 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-07-10 | AA | accounts | Accounts with accounts type full | |
| 2026-07-08 | MA | incorporation | Memorandum articles | |
| 2026-07-03 | MA | incorporation | Memorandum articles | |
| 2026-07-03 | RESOLUTIONS | resolution | Resolution | |
| 2026-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-10 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-06-10 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-06-03 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2026-06-03 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2026-05-15 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-05-12 | SH01 | capital | Capital allotment shares | |
| 2026-04-22 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-10 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-04-10 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-03-23 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-03-20 | 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
- 11
- 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.