UBS ASSET MANAGEMENT (UK) LTD

1. UBS ASSET MANAGEMENT (UK) LTD 2015-10-30 → present
2. UBS GLOBAL ASSET MANAGEMENT (UK) LTD 2002-04-08 → 2015-10-30
3. UBS ASSET MANAGEMENT LIMITED 2000-07-17 → 2002-04-08
4. PHILLIPS & DREW FUND MANAGEMENT LIMITED 1998-07-06 → 2000-07-17
5. PDFM LIMITED 1993-06-30 → 1998-07-06
6. PHILLIPS & DREW FUND MANAGEMENT LIMITED 1985-09-19 → 1993-06-30
7. PHILLIPS & DREW INVESTMENT MANAGEMENT LIMITED 1981-02-19 → 1985-09-19

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

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.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have concluded that the Company has adequate resources to continue in operational existence for the 12 months from the date on which the financial statements are approved. For this reason, the Company will continue to adopt the going concern basis in preparing the financial statements. In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of 12 months from when the financial statements are authorised for issue.”

Group structure

1. UBS ASSET MANAGEMENT (UK) LTD · parent
   1. UBS C-GREFS Holdings (UK) Blocker GP Ltd
   2. UBS Triton General Partner Ltd
   3. UBS MC General Partner - UBS-PREMF Limited 51%
   4. UBS C-GREFS General Partner Ltd
   5. Phildrew Nominees Limited 50%

Significant events

• “In May 2024, the general meeting of shareholders approved the issue of 7,000,000 ordinary shares at £1 each to meet the capital requirement under UK Investment Firm Prudential Regime ("IFPR").”
• “On 1 May 2024, the Company acquired investment mandates for a select number of funds and a mandate for a fair value of £1 compared to the book value of £4.5m from Credit Suisse Asset Management Limited, resulting in a gain of £4.5m recognized in retained earnings. There were no acquisition costs incurred by the Company for this business transfer.”

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

Filings

11

last 12 months

Capital events

1

last 24 months

Officers appointed

3

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  +35.2%

  £159,192,000 → £215,225,000

• Cash

  +20.6%

  £57,310,000 → £69,094,000

• Net assets

  +8.7%

  £170,466,000 → £185,355,000

• Employees

  —

  Not reported

• Operating profit

  +109.1%

  -£16,209,000 → £1,475,000

• Profit before tax

  +131.6%

  -£13,939,000 → £4,404,000

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