JPMORGAN EUROPEAN DISCOVERY TRUST PLC
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2025-03-31
Confirmation statement due
2027-01-24 (in 8mo)
Last made up 2026-01-10
Watchouts
None on the register
Cash
£312K
lowest in 3 filed years
Net assets
£587M
Equity attributable
Employees
—
Average over period
Profit before tax
£102M
highest in 3 filed years
Name history
Renamed 5 times since incorporation
- JPMORGAN EUROPEAN DISCOVERY TRUST PLC 2021-06-15 → present
- JPMORGAN EUROPEAN SMALLER COMPANIES TRUST PLC 2010-07-08 → 2021-06-15
- JPMORGAN EUROPEAN FLEDGELING INVESTMENT TRUST PLC 2006-07-12 → 2010-07-08
- JPMORGAN FLEMING EUROPEAN FLEDGELING INVESTMENT TRUST PLC 2002-07-22 → 2006-07-12
- THE FLEMING EUROPEAN FLEDGELING INVESTMENT TRUST PLC 1990-03-12 → 2002-07-22
- PRICEBALANCE PUBLIC LIMITED COMPANY 1989-10-10 → 1990-03-12
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · latest reflected 2025-09-30
| Metric | Trend | 2024-09-30 | 2025-03-31 | 2025-09-30 |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | — | — | — | |
| Profit before tax | -£7,781,000 | £10,433,000 | £102,255,000 | |
| Net profit | -£10,750,000 | £6,543,000 | £100,986,000 | |
| Cash | £376,000 | £662,000 | £312,000 | |
| Total assets less current liabilities | £669,106,000 | £586,250,000 | £586,705,000 | |
| Net assets | £610,864,000 | £586,250,000 | £586,705,000 | |
| Equity | £610,864,000 | £586,250,000 | £586,705,000 | |
| Average employees | — | — | — | |
| 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 | 2024-09-30 | 2025-03-31 | 2025-09-30 |
|---|---|---|---|---|
| Gearing (liabilities / total assets) | 8.8% | 9.5% | 10.7% | |
| Current ratio | 56.35x | 0.51x | 0.50x |
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
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors believe, having considered the Company's investment objectives, risk management policies, capital management policies and procedures, nature of the portfolio and expenditure projections, that the Company has adequate resources, an appropriate financial structure and suitable management arrangements in place to continue in operational existence for the foreseeable future. More specifically, that there are no material uncertainties pertaining to the Company that would prevent its ability to continue in such operational existence for at least 12 months from the date of the approval of this half yearly financial report. For these reasons, they consider that there is reasonable evidence to continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “AGM held in July 2025, shareholders gave approval for the Company to renew the Directors' authority to repurchase up to 14.99% of the Company's shares for cancellation or transfer into Treasury.”
- “The Company repurchased 17,573,909 shares into Treasury during the six-month reporting period.”
- “Management fee agreement lowered with effect from 1st April 2025, now applied on a tiered basis to the Company's net assets.”
- “Marc van Gelder, Chairman, will be retiring at the conclusion of the 2026 Annual General Meeting scheduled for July 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 21 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JPMORGAN FUNDS LIMITED | Corporate Secretary | 2014-07-01 | — | — |
| JASKI, Christiaan Michiel | Director | 2026-02-09 | Feb 1959 | Dutch |
| ROSS, Suzy Jane | Director | 2022-03-01 | Jun 1973 | British |
| SARWAL, Arun Kumar | Director | 2023-07-19 | Dec 1957 | British |
| VAN GELDER, Marc Christiaan | Director | 2016-08-01 | May 1961 | Dutch |
| WATTERS, Sarah Jane | Director | 2021-07-01 | Sep 1971 | British |
| WILL, James Robert | Director | 2024-07-24 | Apr 1955 | British |
Show 21 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FLEMING INVESTMENT TRUST MANAGEMENT LIMITED | Corporate Secretary | — | 2000-06-01 |
| JPMORGAN ASSET MANAGEMENT (UK) LIMITED | Corporate Secretary | 2000-06-01 | 2014-07-01 |
| AIREY, Elisabeth Patricia | Director | 2000-01-10 | 2011-07-08 |
| CORDREY, Tanya Rose | Director | 2019-07-10 | 2021-11-26 |
| DAVIDSON, Anthony Beverley | Director | 2005-05-13 | 2015-07-10 |
| DOBSON, Carolan | Director | 2010-09-01 | 2019-07-10 |
| DROSSAERT, Jacques | Director | 1999-01-01 | 2007-07-13 |
| GIFFORD, Patrick Antony Francis | Director | — | 2003-07-22 |
| GOBBI, Luciano | Director | — | 1998-12-31 |
| GUPTA, Ashok Kumar | Director | 2013-01-01 | 2023-07-19 |
| HART, Michael | Director | 1997-10-22 | 2006-07-12 |
| MANDUCA, Paul Victor Falzon Sant | Director | 2005-12-01 | 2012-12-31 |
| MARESCOTTI, Federico | Director | 2005-12-01 | 2016-06-30 |
| METZLER, Friedrich Von | Director | — | 1996-07-31 |
| ROTHIG, Jurgen Karl | Director | 1996-10-16 | 1999-07-06 |
| SMITH, Nicholas Michael Norman | Director | 2015-05-01 | 2024-07-24 |
| ST JOHN BIRT, Michael Cameron | Director | — | 1993-12-13 |
| THORNTON, Christopher John | Director | 1994-12-12 | 2005-07-14 |
| TWISS, Hugh Jolyon | Director | — | 1998-07-09 |
| WHITE, Stephen Frank | Director | 2012-04-01 | 2021-10-31 |
| WROBEL, Michael Aleksander | Director | 2003-04-08 | 2012-07-18 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 537 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-30 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-13 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-02-13 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-02-13 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-01-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-24 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-12-24 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-12-24 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-12-09 | AA | accounts | Accounts with accounts type interim | |
| 2025-12-02 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-12-02 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-10-30 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-10-30 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-09-22 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-09-22 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-08-19 | AA | accounts | Accounts with accounts type full | |
| 2025-08-19 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-08-19 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-07-30 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-10 | SH03 | capital | Capital return purchase own shares treasury capital date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 15
- Officers appointed
- 1
- Officers resigned
- 0
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
FY2025 → FY2025 · period ending 2025-09-30 vs 2025-03-31