ADAM SMITH INTERNATIONAL LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-02 (in 1y)
Last made up 2026-04-18
Watchouts
None on the register
Cash
£11M
-19.4% vs 2023
Net assets
£17M
+27.1% vs 2023
Employees
146
+1.4% vs 2023
Profit before tax
£5M
+58.3% vs 2023
Name history
Renamed 1 time since incorporation
- ADAM SMITH INTERNATIONAL LTD 1994-08-23 → present
- ADAM SMITH ASSOCIATES LIMITED 1992-07-17 → 1994-08-23
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £64,115,465 | £82,293,654 | |
| Operating profit | £2,957,914 | £4,581,162 | |
| Profit before tax | £2,903,186 | £4,595,817 | |
| Net profit | £1,587,086 | £3,222,952 | |
| Cash | £13,222,656 | £10,655,663 | |
| Total assets less current liabilities | £13,003,850 | £16,533,764 | |
| Net assets | £13,003,850 | £16,533,764 | |
| Equity | £13,003,850 | £16,533,764 | |
| Average employees | 144 | 146 | |
| Wages | £6,349,821 | £8,231,310 |
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 | 4.6% | 5.6% | |
| Net margin | 2.5% | 3.9% | |
| Return on capital employed | 22.7% | 27.7% | |
| Current ratio | 1.45x | 1.79x | |
| Interest cover | 2606.09x | 15373.03x |
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
- Consolidated group
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“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. Our evaluation of the directors' assessment of the group's and parent company's ability to continue to adopt the going concern basis of accounting included reviewing operational budgets and forecasts, and specifically the group's pipeline of secured contract work, alongside conducting inquiries of management.”
Group structure
- ADAM SMITH INTERNATIONAL LTD · parent
- Adam Smith International Africa Limited 100%
- Adam Smith International India 100%
- Adam Smith International (Australia) PTY Limited 100%
- Adam Smith International Mongolia Limited 100%
- Adam Smith International Turkey Limited 100%
- AS Operations West Africa Limited 100%
- Adam Smith International Uganda Limited 100%
- Adam Smith International Ghana Limited 100%
- Adam Smith International South Africa (PTY) Ltd 100%
- Adam Smith International US Inc 100%
- Adam Smith Europe B.V. 100%
- Adam Smith International Pakistan (SMC-Pvt) LTD 100%
- Adam Smith International Timor Leste Limited 100%
Significant events
- “In 2023, the company underwent a change in ownership and control, transitioning to AS International Service Ltd which was wholly owned by AS International Holdings Ltd.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 31 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CLIFFORD, Helen Ruth | Secretary | 2022-09-01 | — | — |
| MITCHELL, Timothy Holman | Director | 2023-02-03 | Feb 1964 | British |
| PATEL, Jalpa | Director | 2021-08-05 | Jul 1978 | British |
Show 31 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JEFFERIES, Rebecca Margaret | Secretary | 2017-03-31 | 2020-10-30 |
| MORRISON, William Sinclair | Secretary | 2006-02-28 | 2009-01-19 |
| REYNOLDS, Paul Edward Michael | Secretary | 1992-07-17 | 1993-07-17 |
| YOUNG, Peter | Secretary | 2009-01-19 | 2017-03-31 |
| YOUNG, Peter | Secretary | — | 2006-02-28 |
| WATERLOW SECRETARIES LIMITED | Corporate Nominee Secretary | 1992-07-17 | 1992-07-17 |
| AHMAD, Luqman | Director | 2018-11-06 | 2020-10-30 |
| BLOEM, Riaan Anthonie | Director | 2010-09-06 | 2012-09-14 |
| BUNNI, Layth, Dr | Director | 2010-09-06 | 2017-03-31 |
| BUTLER, Eamonn | Director | 1992-07-17 | 2006-02-28 |
| DAVIDSON, Martin Stuart | Director | 2017-03-27 | 2017-08-25 |
| ENGLISH, Rachel June | Director | 2016-09-01 | 2018-04-30 |
| GEORGE, Robin Koshy | Director | 2016-03-22 | 2018-11-07 |
| HOCQUARD, Darren | Director | 2020-11-13 | 2021-08-04 |
| HOPKINS, David John | Director | 2020-09-23 | 2023-02-03 |
| MORRISON, William Sinclair | Director | 2006-02-28 | 2017-05-02 |
| PELL, Jonathan | Director | 2013-10-28 | 2020-10-30 |
| PIRIE, Madsen Duncan, Dr | Director | 1992-07-17 | 2006-02-28 |
| PRINCE, Keir James | Director | 2016-03-22 | 2018-05-03 |
| REYNOLDS, Paul Edward Michael | Director | 1993-07-17 | 2002-11-27 |
| RIFKIND, Malcolm Leslie, Sir | Director | 2008-06-17 | 2017-08-25 |
| ROS, Andrew Dale | Director | 2006-09-14 | 2008-08-08 |
| SHRIVASTAVA, Amitabh | Director | 2011-02-16 | 2017-03-31 |
| SLEE, Rodney | Director | 2006-06-06 | 2020-11-01 |
| SLEE, Rodney | Director | 2000-01-27 | 2006-02-28 |
| TERRY, Robert | Director | 2000-01-27 | 2008-09-04 |
| USHER, Roger Andrew | Director | 2002-03-04 | 2010-09-07 |
| VAISSIE, Baptiste | Director | 2024-03-18 | 2024-07-03 |
| WILSON, Jeya, Dr | Director | 2019-10-01 | 2021-08-04 |
| YOUNG, Peter | Director | 1992-07-17 | 2017-03-31 |
| WATERLOW NOMINEES LIMITED | Corporate Nominee Director | 1992-07-17 | 1992-07-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| As International Services Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-02-03 | Active |
| The Amphion Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2023-02-03 |
Filing timeline
Last 20 of 196 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-06 | AA | accounts | Accounts with accounts type group | |
| 2025-04-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-23 | CH01 | officers | Change person director company with change date | |
| 2024-10-11 | AA | accounts | Accounts with accounts type group | |
| 2024-07-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-04-03 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-13 | AA | accounts | Accounts with accounts type group | |
| 2023-08-01 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-08-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-04-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-02-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-02-08 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-02-08 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-08 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-08 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-01-26 | AA | accounts | Accounts with accounts type full | |
| 2022-12-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-05 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+28.4%
£64,115,465 £82,293,654
-
Cash
-19.4%
£13,222,656 £10,655,663
-
Net assets
+27.1%
£13,003,850 £16,533,764
-
Employees
+1.4%
144 146
-
Operating profit
+54.9%
£2,957,914 £4,581,162
-
Profit before tax
+58.3%
£2,903,186 £4,595,817
-
Wages
+29.6%
£6,349,821 £8,231,310
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