TARGET FUND MANAGERS LIMITED
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Cash
£2m
+13.8% highest in 5 filed years
Net assets
£3.7m
-10% lowest in 5 filed years
Employees
29
-17.1% vs 2025
Profit before tax
£466k
+58% vs 2025
Net assets
5-year trend · vs Financials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2026-04-30
| Metric | Trend | 2021-04-30 | 2022-04-30 | 2024-04-30 | 2025-04-30 | 2026-04-30 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £5,405,738 | £6,775,019 | £7,009,362 | £7,282,053 | £7,661,993 | +5.2% | |
| Operating profit | £707,556 | £1,539,314 | £514,805 | £304,789 | £467,097 | +53.3% | |
| Profit before tax | £705,390 | £1,538,264 | £501,938 | £294,975 | £465,926 | +58% | |
| Net profit | £288,792 | £977,441 | -£95,781 | -£294,453 | -£62,029 | +78.9% | |
| Cash | £1,946,353 | £69,355 | £3,236 | £1,741,351 | £1,982,115 | +13.8% | |
| Total assets less current liabilities | £4,104,994 | £4,828,283 | — | £4,083,731 | £3,676,258 | -10% | |
| Net assets | £4,099,009 | £4,828,283 | £4,708,092 | £4,083,731 | £3,676,258 | -10% | |
| Equity | — | — | £4,708,092 | £4,083,731 | £3,676,258 | -10% | |
| Average employees | 28 | 28 | 33 | 35 | 29 | -17.1% | |
| Wages | £2,080,023 | £2,160,676 | £2,503,369 | £2,487,595 | £2,530,830 | +1.7% | |
| Directors' remuneration | £401,193 | £607,094 | £449,580 | £525,791 | £563,531 | +7.2% | |
| Directors' pension contributions | — | — | £77,537 | £81,917 | £112,082 | +36.8% | |
| Highest paid director | — | — | £150,833 | £165,720 | £166,471 | +0.5% |
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 | 2021-04-30 | 2022-04-30 | 2024-04-30 | 2025-04-30 | 2026-04-30 |
|---|---|---|---|---|---|---|
| Operating margin | 13.1% | 22.7% | 7.3% | 4.2% | 6.1% | |
| Net margin | 5.3% | 14.4% | -1.4% | -4.0% | -0.8% | |
| Return on capital employed | 17.2% | 31.9% | — | 7.5% | 12.7% | |
| Gearing (liabilities / total assets) | -44.4% | -71.8% | 33.9% | 36.2% | 35.3% | |
| Current ratio | — | — | 1.32x | 1.41x | 1.85x | |
| Interest cover | — | — | 34.13x | 17.94x | 36.47x |
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. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- TARGET FUND MANAGERS LIMITED 2017-06-12 → present
- TARGET MANAGERS LIMITED 2016-10-19 → 2017-06-12
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Johnston Carmichael LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“These financial statements have been prepared on a going concern basis. The directors have assessed going concern with consideration to the GAAP losses incurred during the current and previous reporting periods and its available resources over the next twelve months.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CAMERON, Donald Crawford | Secretary | 2020-11-01 | — | — |
| BROWN, Andrew Stewart | Director | 2016-10-19 | Apr 1965 | British |
| FLANNELLY, John Marcus | Director | 2016-10-19 | Aug 1975 | Irish |
| MACKENZIE, Angela | Director | 2016-10-19 | Aug 1965 | American |
| MACKENZIE, James Kenneth | Director | 2025-05-29 | Aug 1978 | British |
| MACKENZIE, John William | Director | 2025-05-29 | Sep 1976 | British |
| MACKENZIE, Kenneth Macangus | Director | 2016-10-19 | Mar 1950 | British |
| NAISH, Robert Malcolm | Director | 2024-09-24 | Apr 1953 | British |
| ROUND, Matthew James | Director | 2016-10-19 | Jun 1974 | British |
| STEVEN, Scott Mcknight | Director | 2020-11-01 | Feb 1980 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BLAND, Stanley Gordon | Director | 2016-10-19 | 2025-05-29 |
| CAMPBELL, Donald Alasdair | Director | 2016-10-19 | 2020-04-30 |
| LAING, David Kemlo | Director | 2022-09-22 | 2024-12-31 |
| MATHIESON, Tiahna | Director | 2022-07-27 | 2023-01-31 |
| MURRAY, Alastair Ian | Director | 2025-12-11 | 2026-08-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Carlton Equity Limited | Corporate entity | Shares 75–100%, Voting 50–75%, Appoints directors | 2016-10-19 | Active |
Filing timeline
Last 20 of 60 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-25 MA Memorandum articles
- 2026-03-25 RESOLUTIONS Resolution
- 2025-12-12 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-04 | AA | accounts | Accounts with accounts type full | |
| 2026-08-13 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-25 | MA | incorporation | Memorandum articles | |
| 2026-03-25 | RESOLUTIONS | resolution | Resolution | |
| 2026-03-24 | SH01 | capital | Capital allotment shares | |
| 2025-12-15 | SH06 | capital | Capital cancellation shares | |
| 2025-12-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-12 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-12 | SH03 | capital | Capital return purchase own shares | |
| 2025-10-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-12 | AA | accounts | Accounts with accounts type full | |
| 2025-06-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-07 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-18 | AA | accounts | Accounts with accounts type full | |
| 2024-01-22 | AA | accounts | Accounts with accounts type full | |
| 2023-11-02 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 3
- Officers appointed
- 0
- Officers resigned
- 1
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.