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Cash

£1.3m

Latest balance sheet

Net assets

£239m

Equity attributable

Employees

Average over period

Profit before tax

-£11m

Period ending 2026-03-31

Accounts

4-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31

Metric Trend 2024-09-302025-03-312025-09-302026-03-31 Δ vs prior
Turnover £8,614,000£10,135,000
Operating profit £7,504,000-£21,455,000£26,587,000-£10,447,000
Profit before tax £7,102,000-£22,183,000£25,287,000-£10,874,000
Net profit £7,102,000-£22,183,000£25,287,000-£10,887,000
Cash £1,845,000£1,217,000£1,775,000£1,285,000
Total assets less current liabilities £242,966,000£215,423,000£258,870,000£238,647,000
Net assets £242,966,000£215,423,000£258,870,000£238,647,000
Equity £242,966,000£215,423,000£258,870,000£238,647,000
Average employees
Wages
Directors' remuneration £145,299£138,083

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 . Year-on-year comparison hidden: this filing covers about 6 months versus 12 months prior. About these numbers

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2024-09-302025-03-312025-09-302026-03-31
Operating margin 87.1%
Net margin 82.4%
Return on capital employed 3.1%-10.0%10.3%-4.4%
Gearing (liabilities / total assets) 11.4%6.5%7.6%
Current ratio 0.34x0.28x0.51x0.39x
Interest cover 18.67x-29.47x20.45x-24.47x

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 4 times since incorporation

  1. SCHRODER UK MID CAP FUND PLC 2011-01-26 → present
  2. SCHRODER UK MID & SMALL CAP FUND PLC 2003-05-30 → 2011-01-26
  3. LEGGMASON INVESTORS ENTERPRISE PLC 2001-01-31 → 2003-05-30
  4. MURRAY ENTERPRISE PLC 1989-08-18 → 2001-01-31
  5. MURRAY ELECTRONICS PLC 1983-04-04 → 1989-08-18

Audit & accounting basis

Accounting basis
FRS 104 and SORP for Investment Trusts
Reporting scope
Standalone (parent only)
Auditor
BDO LLP
Audit opinion
Unaudited (audit-exempt)
Going concern
Affirmed

“Having assessed the principal risks and uncertainties, and the other matters discussed in connection with the viability statement as set out on page 34 of the published Annual Report and Financial Statements for the year ended 30 September 2025, the Directors consider it appropriate to adopt the going concern basis in preparing the financial statements.”

Significant events

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

5 active · 20 resigned

Name Role Appointed Born Nationality
SCHRODER INVESTMENT MANAGEMENT LIMITED Corporate Secretary 2003-06-01
COLQUHOUN, Wendy Margaret Director 2020-01-01 Sep 1963 British
CURLING, Richard Director 2025-02-24 Oct 1958 British
GALBRAITH (NÉE DRIVER), Helen Mary Director 2022-04-07 Oct 1974 British
MORLEY, Harry Director 2023-09-01 Jun 1965 British
Show 20 resigned officers
Name Role Appointed Resigned
COGENT SECRETARIAL SERVICES LIMITED Corporate Secretary 2001-01-25 2003-06-01
MCCLURE NAISMITH Corporate Secretary 2000-12-08 2001-01-25
MURRAY JOHNSTONE LIMITED Corporate Secretary 2000-12-08
BARNWELL, Peter George Director 1989-08-18
BEAGLES, Rachel Anne Director 2006-03-27 2016-02-10
COUBROUGH, Charles Malcolm Director 1998-11-24 2011-01-26
DAVIES, Clive Anthony Director 1990-10-31
DOBIE, Clare Juliet Director 2013-09-11 2022-09-15
GOODWIN, Matthew Dean, Sir Director 1989-08-18 2000-08-08
JOHNSTONE, Raymond, Sir Director 2000-02-03
JONES, Christopher Director 1994-01-21 2013-01-29
MACLEOD, Hugh Roderick, Sir Director 1993-01-22
PACKE, Maxwell Gordon Director 1997-01-30 2011-05-27
PAGE, Andrew Director 2014-10-01 2024-03-08
PETERS, Ross Stevenson Director 1992-06-04
RICKMAN, Robert James Director 2011-01-26 2020-01-28
SALBU, Erik Oyvinol Jarl Director 1995-01-26
SANDERSON, Eric Fenton Director 2011-01-26 2021-02-08
TALBUT, Robert Edwin Director 2016-02-10 2025-02-24
TIMMS, Peter Kenneth Director 1989-08-18 2014-06-30

Ownership

Persons with significant control

No persons with significant control on record.

Filing timeline

Last 20 of 275 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2026-07-07 RESOLUTIONS Resolution
  • 2026-03-17 RESOLUTIONS Resolution
  • 2025-03-10 RESOLUTIONS Resolution
Date Type Category Description
2026-07-13 AA accounts Accounts with accounts type interim
2026-07-07 RESOLUTIONS resolution Resolution
2026-06-10 SH03 capital Capital return purchase own shares treasury capital date
2026-06-10 SH03 capital Capital return purchase own shares treasury capital date
2026-04-15 CS01 confirmation-statement Confirmation statement with no updates PDF
2026-03-17 AA accounts Accounts with accounts type full
2026-03-17 RESOLUTIONS resolution Resolution
2026-02-26 SH03 capital Capital return purchase own shares treasury capital date
2026-01-08 SH03 capital Capital return purchase own shares treasury capital date
2026-01-08 SH03 capital Capital return purchase own shares treasury capital date
2025-12-01 SH03 capital Capital return purchase own shares treasury capital date
2025-12-01 SH03 capital Capital return purchase own shares treasury capital date
2025-11-28 SH03 capital Capital return purchase own shares treasury capital date
2025-10-23 SH03 capital Capital return purchase own shares treasury capital date
2025-07-23 SH03 capital Capital return purchase own shares
2025-07-17 ANNOTATION miscellaneous Legacy
2025-07-14 AA accounts Accounts with accounts type interim
2025-04-15 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-03-10 RESOLUTIONS resolution Resolution
2025-03-10 AA accounts Accounts with accounts type full

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
14

last 12 months

Capital events
10

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page