ROYAL LONDON ASSET MANAGEMENT LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-04 (in 2mo)
Last made up 2025-06-20
Watchouts
Cash
£47M
-6.3% vs 2023
Net assets
£239M
+9.7% vs 2023
Employees
534
+13.9% vs 2023
Profit before tax
£28M
+44.3% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Name history
Renamed 1 time since incorporation
- ROYAL LONDON ASSET MANAGEMENT LIMITED 1988-06-17 → present
- BALLARO LIMITED 1988-04-14 → 1988-06-17
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 | £209,516,000 | £237,855,000 | |
| Operating profit | £9,190,000 | £19,858,000 | |
| Profit before tax | £19,587,000 | £28,268,000 | |
| Net profit | £15,061,000 | £21,107,000 | |
| Cash | £50,527,000 | £47,341,000 | |
| Total assets less current liabilities | £227,293,000 | £245,114,000 | |
| Net assets | £218,388,000 | £239,495,000 | |
| Equity | £218,388,000 | £239,495,000 | |
| Average employees | 469 | 534 | |
| Wages | — | — |
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 | 4.4% | 8.3% | |
| Net margin | 7.2% | 8.9% | |
| Return on capital employed | 4.0% | 8.1% | |
| Current ratio | 2.93x | 7.84x |
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 102
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having considered these matters and after making appropriate enquiries, the Directors are satisfied that the Company has adequate resources to continue to operate as a going concern for a period of at least 12 months from date of approval of the financial statements.”
Significant events
- “Our strategy to expand in private markets has progressed well, with the recruitment of key personnel in 2024, and we expect to launch a range of new products and sub-strategies in 2025.”
- “net external outflows in Global Equities of £4.3bn during the year following the departure of a number of members of the Global Equities team.”
- “On 28 February 2025, the Directors decided to pay an interim dividend of £51.0m to its parent, Royal London Asset Management Holdings Limited. The intention is for this to be paid in March 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 39 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ROYAL LONDON MANAGEMENT SERVICES LIMITED | Corporate Secretary | 2005-06-03 | — | — |
| BATEMAN, Rory Lawrence | Director | 2025-11-05 | Aug 1969 | British |
| GEORGESON, Hans Iain | Director | 2021-06-24 | Dec 1971 | British |
| KERSHAW, Dagmar Aspatria Kent | Director | 2024-02-27 | Feb 1968 | British |
| PUREWAL, Parwinder Singh | Director | 2023-02-14 | Jun 1959 | British |
| RING, Nicholas John | Director | 2024-06-05 | Oct 1965 | British |
Show 39 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARBER, Bernadette Clare | Secretary | 2002-04-02 | 2005-06-03 |
| FARMER, Sven Dean | Secretary | — | 1996-03-31 |
| ROSS, Murray John | Secretary | 1996-04-01 | 2002-04-02 |
| BEESLEY, Mark Christopher | Director | — | 1999-06-30 |
| BRILL, Cyril | Director | — | 1993-01-31 |
| CARTER, Andrew Stewart | Director | 2002-04-03 | 2021-06-28 |
| COFFEY, Jane Heather | Director | 2005-01-01 | 2013-02-19 |
| DALDORPH, Howard Andrew Carle | Director | — | 2001-06-01 |
| DICKINSON, Gareth Richard Stewart | Director | 2009-08-17 | 2013-12-31 |
| DORAN, Paul, Dr | Director | 2005-08-25 | 2008-05-16 |
| ELLIS, Graham George | Director | — | 2000-04-28 |
| GARROOD, Shirley Jill | Director | 2021-02-16 | 2023-06-06 |
| HARRIS, Timothy Walter | Director | 2015-07-09 | 2018-06-14 |
| HILLIER, Piers Adrian Carlyle | Director | 2015-03-26 | 2025-09-05 |
| HUGHES, Seamus Martin Anthony | Director | 2000-02-03 | 2002-08-31 |
| HUGHSON, David Callum | Director | 2002-04-03 | 2004-12-31 |
| HUNT, Andrew Lawrence | Director | 2018-01-03 | 2026-04-30 |
| JAMES, Richard | Director | 2002-04-03 | 2017-12-31 |
| KOSLOWSKI, Alexander Rudolf Dieter | Director | 2018-06-12 | 2019-12-21 |
| MACDONALD, Jonathan Mark | Director | 2014-07-10 | 2015-03-05 |
| MARTIN, Julia Helen | Director | 2005-01-01 | 2007-08-10 |
| MONTAGUE, Andrea Gertrude Martha | Director | 2018-07-19 | 2020-03-17 |
| MORSON, Christopher | Director | 2020-07-24 | 2025-07-23 |
| MUIR, Victoria Anne | Director | 2009-08-17 | 2014-02-28 |
| MURRAY, Steven Grant | Director | 2020-04-30 | 2021-06-29 |
| O'BRIEN, Ann | Director | 2020-07-24 | 2023-07-23 |
| PALMER, Andrew William | Director | 2016-10-18 | 2020-04-03 |
| PARRY, Kevin Allen Huw | Director | 2020-04-04 | 2021-06-24 |
| PHILLIPS, Christopher Martin | Director | 2000-04-17 | 2003-09-19 |
| PLATT, Jonathan | Director | 2003-09-22 | 2017-04-11 |
| POLLARD, Rodney Keith | Director | — | 1998-12-31 |
| READ, Catherine Rebecca | Director | 2018-01-11 | 2021-09-30 |
| SCHMIDT, Paul Dieter | Director | 2003-12-02 | 2006-01-23 |
| SMITH, Ewan Farquharson | Director | 2015-06-26 | 2025-12-29 |
| SWAN, Robert George Alexander | Director | 1993-02-01 | 2000-08-03 |
| TALBUT, Robert Edwin | Director | 2004-11-22 | 2014-12-31 |
| TOVEY, John Robert | Director | 1996-01-01 | 2002-04-03 |
| WILLIAMS, Robert Arthur Daniel | Director | 2013-07-10 | 2024-04-26 |
| YARDLEY, Michael John | Director | — | 2010-05-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Royal London Asset Management Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-11-04 | Active |
| Royal London Mutual Insurance Society Limited (The) | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2020-11-04 |
Filing timeline
Last 20 of 229 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-06 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-14 | AA | accounts | Accounts with accounts type full | |
| 2025-02-04 | CH01 | officers | Change person director company with change date | |
| 2024-07-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-13 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-26 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-15 | AA | accounts | Accounts with accounts type full | |
| 2024-03-06 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-26 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-03 | CH01 | officers | Change person director company with change date | |
| 2023-07-03 | CH01 | officers | Change person director company with change date | |
| 2023-07-03 | CH01 | officers | Change person director company with change date | |
| 2023-07-03 | CH01 | officers | Change person director company with change date | |
| 2023-07-03 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 4
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
+13.5%
£209,516,000 £237,855,000
-
Cash
-6.3%
£50,527,000 £47,341,000
-
Net assets
+9.7%
£218,388,000 £239,495,000
-
Employees
+13.9%
469 534
-
Operating profit
+116.1%
£9,190,000 £19,858,000
-
Profit before tax
+44.3%
£19,587,000 £28,268,000
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