THE FINANCIAL REPORTING COUNCIL LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-03-22 (in 10mo)
Last made up 2026-03-08
Watchouts
None on the register
Cash
£14M
+23.6% highest in 3 filed years
Net assets
£17M
+13.6% highest in 3 filed years
Employees
477
0% vs 2024
Profit before tax
£2M
+257.8% vs 2024
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · latest reflected 2025-03-31
| Metric | Trend | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|
| Turnover | — | £58,396,000 | £69,946,000 | |
| Operating profit | — | -£1,169,000 | £2,169,000 | |
| Profit before tax | — | -£1,274,000 | £2,011,000 | |
| Net profit | — | -£1,274,000 | £2,011,000 | |
| Cash | £13,329,000 | £11,104,000 | £13,721,000 | |
| Total assets less current liabilities | £18,083,000 | £15,273,000 | £20,856,000 | |
| Net assets | £16,049,000 | £14,775,000 | £16,786,000 | |
| Equity | £16,049,000 | £14,775,000 | £16,786,000 | |
| Average employees | — | 477 | 477 | |
| Wages | — | £40,660,000 | £43,489,000 |
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 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|
| Operating margin | — | -2.0% | 3.1% | |
| Net margin | — | -2.2% | 2.9% | |
| Return on capital employed | — | -7.7% | 10.4% | |
| Gearing (liabilities / total assets) | 41.4% | 32.7% | 42.5% | |
| Current ratio | 2.65x | 2.99x | 2.77x | |
| Interest cover | — | -11.13x | 13.73x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- National Audit Office
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have performed a going concern review considering income and costs, and the Board are satisfied that the FRC will continue as a going concern for a period of not less than 12 months after the approval of these financial statements. Whilst performing their review, the board were also cognisant that DBT has also provided a letter of financial support to the directors, confirming that the Company can meet its liabilities as they fall due for a period of not less than 12 months from the date the financial statements are approved.”
Group structure
- THE FINANCIAL REPORTING COUNCIL LIMITED · parent
- UKEB (UK Endorsement Board) 100%
Significant events
- “The FRC served notice to terminate its lease at 10 South Colonnade on 1 July 2024 in accordance with the terms of the lease agreement. Although an effective termination date of 6 June 2025 was agreed after the reporting date, it confirms conditions that existed as at the reporting date and therefore the FRC has recognised it as an adjusting event under IAS 10 Events After the Reporting Period.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 74 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SCHIRN, James Alexander | Secretary | 2022-08-08 | — | — |
| CHA, Angela Fung Ngor | Director | 2022-02-01 | Aug 1963 | British |
| DU PLESSIS, Jan Petrus, Sir | Director | 2022-02-03 | Jan 1954 | British,South African |
| LINDHOLM, Eva-Kristiina | Director | 2024-11-28 | Jul 1963 | British |
| MORIARTY, Richard | Director | 2023-10-02 | Oct 1973 | British |
| NIXON, Hannah | Director | 2021-06-24 | May 1973 | British |
| O'REGAN, William Simon | Director | 2024-11-28 | Mar 1959 | British |
| PARKER, Charles Lucian Henry | Director | 2024-11-28 | Apr 1961 | British |
| THOMPSON, Clare | Director | 2022-02-01 | Nov 1954 | British |
| WILLIS, David Arthur | Director | 2022-02-01 | Dec 1958 | British |
Show 74 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARTER, Francesca Natalie | Secretary | 2020-03-19 | 2022-05-12 |
| LEWINGTON, Michael Harry | Secretary | 2004-04-01 | 2006-05-31 |
| MCARTHUR, Anne | Secretary | 2006-06-01 | 2020-03-18 |
| SEYMOUR, Paul Anthony Colin | Secretary | 2008-04-22 | 2009-06-12 |
| TREADGOLD, Sydney William | Secretary | — | 1998-07-31 |
| WILKS, Margaret Ann | Secretary | 1998-08-01 | 2004-03-31 |
| ANSTEE, Eric Edward | Director | 2007-11-01 | 2011-05-31 |
| ARMOUR, Mark Henry | Director | 2012-07-02 | 2019-06-30 |
| BENDER, Brian Geoffrey, Sir | Director | 2014-03-01 | 2020-02-29 |
| BISCHOFF, Winfried Franz Wilhelm, Sir | Director | 2014-05-01 | 2019-10-07 |
| BOYLE, Paul Vincent | Director | 2005-12-14 | 2009-11-13 |
| BREEDON, Timothy James | Director | 2004-08-16 | 2007-11-06 |
| CHAMBERLAIN, Michael Aubrey | Director | 1993-07-01 | 1994-06-30 |
| CHAMBERS, Peter | Director | 2007-11-01 | 2014-04-30 |
| CHILDS, David Robert | Director | 2014-05-01 | 2021-10-16 |
| COOMBER, John Richard | Director | 2015-07-23 | 2023-07-22 |
| CORLEY, Elizabeth Pauline Lucy | Director | 2011-04-01 | 2017-03-31 |
| CURRIE, Brian Murdoch | Director | 1996-07-24 | 1998-07-24 |
| DEARING, Ronald Ernest, Lord | Director | — | 1993-12-31 |
| DICKSON, Olivia Catherine | Director | 2012-07-02 | 2020-07-01 |
| DINGEMANS, Simon Paul | Director | 2019-10-07 | 2020-05-31 |
| DRUCKMAN, Paul Bryan | Director | 2017-01-01 | 2019-03-29 |
| DRUCKMAN, Paul Bryan | Director | 2004-07-01 | 2007-11-06 |
| EGAN, John Leopold, Sir | Director | 2002-07-01 | 2004-05-30 |
| FLECK, Richard John Hugo | Director | 2008-10-07 | 2014-04-30 |
| FOX, Ashley Peter, Sir | Director | 2022-02-01 | 2023-09-11 |
| GEORGE, Paul | Director | 2012-07-02 | 2018-03-31 |
| GROOM, Michael John | Director | 2001-07-01 | 2002-06-30 |
| HADDRILL, Stephen Howard | Director | 2009-11-16 | 2019-10-01 |
| HOGG, Christopher Anthony, Sir | Director | 2006-01-01 | 2010-04-30 |
| HOGG, Sarah Elizabeth Mary, Baroness | Director | 2007-11-01 | 2014-04-30 |
| HOLDSWORTH, George Trevor, Sir | Director | — | 1993-03-31 |
| HUEY EVANS, Gay | Director | 2012-04-01 | 2019-04-30 |
| HUGH SMITH, Andrew Colin, Sir | Director | — | 1994-09-14 |
| ILLINGWORTH, David Jeremy | Director | 2003-07-01 | 2004-06-30 |
| KELLAS, John Henry | Director | 2011-06-08 | 2012-07-02 |
| KEMP-WELCH, John, Sir | Director | 1994-09-15 | 2000-09-14 |
| KING, Raymond | Director | 2015-07-23 | 2017-07-05 |
| KNIGHT, William John | Director | 2008-02-13 | 2012-03-31 |
| LAND, Nicholas Charles Edward | Director | 2011-04-01 | 2020-04-01 |
| LAWSON, Roger Hardman | Director | 1994-07-01 | 1995-06-30 |
| LIPWORTH, Sydney, Sir | Director | 1994-01-01 | 2001-06-30 |
| MACKINTOSH, Ian | Director | 2008-02-13 | 2010-10-31 |
| MARKHAM, Rudolph Harold Peter | Director | 2007-11-01 | 2012-07-02 |
| MARSHALL, Colin Marsh, Lord | Director | 1996-05-01 | 1999-04-30 |
| MARSHALL, Roger Michael James | Director | 2010-11-01 | 2018-10-31 |
| MCLAREN, Melanie Elizabeth | Director | 2012-07-02 | 2018-03-31 |
| MCNEIL, Ian Robert | Director | — | 1992-06-30 |
| MILLS, Barbara Jean Lyon, Dame | Director | 2008-10-01 | 2011-05-28 |
| MORENO, Glen Richard | Director | 2010-11-18 | 2014-04-30 |
| NICHOLSON, Bryan Hubert, Sir | Director | 1993-05-01 | 1996-04-30 |
| PLAISTOWE, William Ian David | Director | 1992-07-01 | 1993-06-30 |
| RAKE, Michael Derek Vaughan, Sir | Director | 2007-11-01 | 2011-12-31 |
| ROBSON, Stephen Arthur, Sir | Director | 2007-11-01 | 2013-10-31 |
| SEYMOUR, Paul Anthony Colin | Director | 2008-04-22 | 2009-06-25 |
| SKEOCH, Norman Keith, Sir | Director | 2020-10-12 | 2021-10-11 |
| SKEOCH, Norman Keith, Sir | Director | 2012-03-01 | 2020-07-31 |
| STEWART, John Morrison | Director | 2014-03-01 | 2015-07-01 |
| SUNDERLAND, John Michael, Sir | Director | 2004-06-01 | 2011-05-31 |
| SUTCLIFFE, James Harry | Director | 2009-06-15 | 2015-01-16 |
| SWINSON, Christopher | Director | 1998-07-24 | 2000-07-23 |
| THOMAS, Barbara Sue, The Hon | Director | 2004-03-01 | 2007-11-06 |
| THOMPSON, Clive Malcolm, Sir | Director | 1999-05-01 | 2001-04-30 |
| THOMPSON, Jonathan Michael, Sir | Director | 2019-10-01 | 2023-07-31 |
| TOMLINSON, Lindsay Peter | Director | 2007-11-01 | 2011-10-31 |
| UNWIN, Julia, Dame | Director | 2018-04-01 | 2021-08-31 |
| VALLANCE, Iain David Thomas, Sir | Director | 2001-05-01 | 2002-06-30 |
| WALKER, Timothy Edward Hanson, Dr | Director | 2008-05-27 | 2012-07-02 |
| WARD, Graham Norman Charles | Director | 2000-07-14 | 2001-07-23 |
| WATSON, Jennifer | Director | 2018-04-01 | 2021-08-31 |
| WEERASEKERA, Ruwan Upendra | Director | 2021-06-21 | 2025-12-04 |
| WOODLEY, Keith Spencer | Director | 1995-07-07 | 1996-06-30 |
| WYMAN, Peter Lewis | Director | 2002-07-01 | 2003-06-30 |
| ZINKULA, Mark Joseph | Director | 2017-04-01 | 2019-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Secretary Of State For The Department For Business And Trade | Legal person | Appoints directors | 2023-06-01 | Active |
| Secretary Of State For Business, Energy And Industrial Strategy | Legal person | Appoints directors | 2019-04-01 | Ceased 2023-06-01 |
Filing timeline
Last 20 of 299 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-05-30 MA Memorandum articles
- 2024-05-30 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-19 | AA | accounts | Accounts with accounts type full | |
| 2025-03-12 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-03-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-06 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-03-06 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-03-03 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-11-29 | CH01 | officers | Change person director company with change date | |
| 2024-11-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-28 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-24 | AA | accounts | Accounts with accounts type full | |
| 2024-05-30 | MA | incorporation | Memorandum articles | |
| 2024-05-30 | RESOLUTIONS | resolution | Resolution | |
| 2024-03-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-14 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-02 | AA | accounts | Accounts with accounts type full | |
| 2023-08-01 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- 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.
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+19.8%
£58,396,000 £69,946,000
-
Cash
+23.6%
£11,104,000 £13,721,000
highest in 3 filed years
-
Net assets
+13.6%
£14,775,000 £16,786,000
highest in 3 filed years
-
Employees
0%
477 477
-
Operating profit
+285.5%
-£1,169,000 £2,169,000
-
Profit before tax
+257.8%
-£1,274,000 £2,011,000
-
Wages
+7%
£40,660,000 £43,489,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers