THREADNEEDLE PORTFOLIO SERVICES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-09 (in 9mo)
Last made up 2026-01-26
Watchouts
None on the register
Cash
£2M
+3.6% vs 2023
Net assets
£22M
+38.7% vs 2023
Employees
42
-2.3% vs 2023
Profit before tax
£8M
-20.3% vs 2023
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £26,965,000 | £23,654,000 | |
| Operating profit | £8,995,000 | £6,936,000 | |
| Profit before tax | £9,990,000 | £7,958,000 | |
| Net profit | £7,677,000 | £5,786,000 | |
| Cash | £1,455,000 | £1,507,000 | |
| Total assets less current liabilities | £16,699,000 | £22,934,000 | |
| Net assets | £15,966,000 | £22,142,000 | |
| Equity | £15,966,000 | £22,142,000 | |
| Average employees | 43 | 42 | |
| Wages | £8,810,000 | £8,127,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 33.4% | 29.3% | |
| Net margin | 28.5% | 24.5% | |
| Return on capital employed | 53.9% | 30.2% | |
| Current ratio | 2.84x | 3.12x | |
| Interest cover | 68.66x | 71.51x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“the Directors have a reasonable expectation that the Company would remain adequately capitalised with sufficient liquidity to meet its liabilities as they fall due and would therefore be able to continue operating as a going concern.”
Significant events
- “Revenue decreased by 12.2% from £27.0m to £23.7m driven by lower average AUM due to market conditions and redemptions.”
- “Profitability decreased by 24.6%, mainly driven by the aforementioned decrease in revenue.”
- “In 2024, the Group implemented a new risk management framework to streamline risk identification and ensure continued appropriate oversight and focus on clearer decisions around the risks to the business.”
- “In 2024, LinkedIn Learning was made available to employees, enabling access to thousands of online courses.”
- “In 2024, additional support was made available for employees with the introduction of the mental well-being Calm App.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 44 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KAYE, Alan | Secretary | 1997-07-01 | — | British |
| FREWIN, Gerard Anthony | Director | 2021-06-28 | Jan 1974 | British |
| STONE, Peter William | Director | 2018-09-05 | Jun 1965 | British |
| VULLO, Giuseppe | Director | 2021-02-22 | Dec 1972 | British |
| WEARMOUTH, Claudia Louise | Director | 2025-05-19 | Sep 1979 | British |
Show 44 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HOWE, Peter Charles | Secretary | — | 1997-07-01 |
| AINSWORTH, Alan John, Dr | Director | 1997-07-14 | 2006-03-31 |
| BALDWIN, Keith Reginald | Director | 1996-04-30 | 1997-07-14 |
| BEECH, Guy Evelyn Patrick | Director | 1997-07-14 | 2000-07-26 |
| BLAIR, Mary Elizabeth | Director | 1997-07-14 | 2000-07-26 |
| CHALLENOR, Thomas William | Director | 1997-09-22 | 2009-06-30 |
| CLARK, Robin Douglas | Director | 1997-07-14 | 1998-05-22 |
| DAVIES, Keith John | Director | 1996-06-26 | 1997-08-15 |
| DAVIES, Keith John | Director | 1991-12-12 | 1992-08-11 |
| DAVIES, Simon Howard | Director | 1997-07-14 | 2007-08-01 |
| DEVINE, John | Director | 2008-11-14 | 2010-12-01 |
| EATS, Richard John Drake | Director | 1998-08-18 | 2000-08-02 |
| FLEMING, Campbell David | Director | 2009-12-11 | 2016-04-29 |
| GARRAWAY, Brian Pattison | Director | — | 1991-12-12 |
| GASPARRO, David | Director | 2004-06-25 | 2009-01-31 |
| GILLBANKS, Timothy Nicholas | Director | 2016-11-07 | 2017-03-31 |
| GILLBANKS, Timothy Nicholas | Director | 2005-03-09 | 2014-09-01 |
| GOLDRING, Howard David | Director | — | 1992-05-29 |
| GRAYBURN, Jeremy Ward | Director | 1991-12-12 | 1997-07-14 |
| GREENER, George Pallister, Dr | Director | 1991-12-12 | 1996-03-08 |
| GRIMSHAW, John Adrian Varcoe | Director | 2006-06-12 | 2008-11-24 |
| GURNEY, John Peter | Director | — | 1995-12-06 |
| HENDERSON, Crispin John | Director | 2002-03-06 | 2013-02-28 |
| HODKINSON, Phil Andrew | Director | 1996-04-30 | 1997-08-15 |
| INGLIS, Kenneth William Ballard | Director | — | 1994-04-29 |
| JORDISON, Donald Armstrong | Director | 2013-08-09 | 2018-05-01 |
| KIRK, Nicholas John | Director | 1997-07-14 | 1999-03-31 |
| LEITCH, Alexander Park | Director | — | 1997-07-14 |
| LESLIE, Norman Robert | Director | 1991-12-12 | 1993-01-13 |
| LOWNDES, William David | Director | 1998-11-17 | 2006-06-12 |
| MAGUIRE, Howard James | Director | 1997-07-14 | 2000-04-30 |
| MAGUIRE, Howard James | Director | 1991-12-12 | 1995-12-06 |
| MANDUCA, Paul Victor Sant | Director | 1996-04-30 | 1999-02-22 |
| MELCHER, Andrew Stephen | Director | 1996-04-30 | 1997-07-14 |
| MORROGH, Christopher John | Director | 2013-08-09 | 2020-12-31 |
| REED, Philip James William | Director | 2007-10-01 | 2014-06-30 |
| RIGG, James Mark Alexander | Director | 2013-08-09 | 2025-10-28 |
| RING, Nicholas John | Director | 2009-07-02 | 2015-06-24 |
| SACHON, David Frederick | Director | 1997-08-01 | 2006-03-31 |
| SEWARD, Ian Graham | Director | 1996-04-30 | 1997-07-14 |
| SHARMAN, Norman John | Director | 1992-06-01 | 1994-10-28 |
| SMITH, Philip | Director | 1991-12-12 | 1997-07-14 |
| THOMAS, Brian Michael | Director | 1996-04-30 | 1997-07-14 |
| WILLCOCK, John Marcus | Director | 2013-08-09 | 2020-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Threadneedle Asset Management Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 262 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-24 | CH01 | officers | Change person director company with change date | |
| 2026-01-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-31 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-31 | MA | incorporation | Memorandum articles | |
| 2025-08-01 | AA | accounts | Accounts with accounts type full | |
| 2025-05-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-28 | AA | accounts | Accounts with accounts type full | |
| 2024-04-19 | CH01 | officers | Change person director company with change date | |
| 2024-04-19 | CH01 | officers | Change person director company with change date | |
| 2024-01-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-23 | AA | accounts | Accounts with accounts type full | |
| 2023-01-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-15 | AA | accounts | Accounts with accounts type full | |
| 2022-01-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-06 | AA | accounts | Accounts with accounts type full | |
| 2021-06-28 | AP01 | officers | Appoint person director company with name date | |
| 2021-02-23 | AP01 | officers | Appoint person director company with name date | |
| 2021-01-26 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- 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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-12.3%
£26,965,000 £23,654,000
-
Cash
+3.6%
£1,455,000 £1,507,000
-
Net assets
+38.7%
£15,966,000 £22,142,000
-
Employees
-2.3%
43 42
-
Operating profit
-22.9%
£8,995,000 £6,936,000
-
Profit before tax
-20.3%
£9,990,000 £7,958,000
-
Wages
-7.8%
£8,810,000 £8,127,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers