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Next accounts due

2027-09-30 (in 1y)

Last filed for 2025-12-31

Confirmation statement due

2026-10-24 (in 5mo)

Last made up 2025-10-10

Watchouts

None on the register

Cash

£66M

-19.8% vs 2024

Net assets

£246M

+5.8% vs 2024

Employees

75

-2.6% vs 2024

Profit before tax

-£7M

+83.4% vs 2024

Accounts

2-year trend · latest reflected 2025-12-31

Metric Trend 2024-12-312025-12-31
Turnover £34,427,000£29,551,000
Operating profit -£40,664,000-£16,596,000
Profit before tax -£39,690,000-£6,579,000
Net profit -£39,643,000-£3,452,000
Cash £81,983,000£65,775,000
Total assets less current liabilities £275,241,000£295,206,000
Net assets £232,838,000£246,386,000
Equity £232,838,000£246,386,000
Average employees 7775
Wages £15,129,000£13,802,000

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 2024-12-312025-12-31
Operating margin -118.1%-56.2%
Net margin -115.2%-11.7%
Return on capital employed -14.8%-5.6%
Gearing (liabilities / total assets) 28.0%25.9%
Current ratio 2.09x2.23x

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
Standalone (parent only)
Auditor
Ernst & Young LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of twelve months from when the financial statements are authorised for issue with ongoing support from the parent company. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

  1. MANULIFE INVESTMENT MANAGEMENT (EUROPE) LIMITED · parent
    1. Manulife IM (Switzerland) LLC 100% · Switzerland · Distributor of investment capabilities in the Swiss market to institutional and intermediary investors.
    2. CQS Management Limited 100% · Holding company
    3. CQS (UK) LLP 100% · Multi-sector alternative credit manager

Significant events

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

People

5 active · 24 resigned

Name Role Appointed Born Nationality
BROWNE, Luke Richard Tyrrill Director 2026-01-13 Aug 1973 British
CHABAREK, Soraya Director 2024-04-02 Oct 1976 British
MINK, Stella Director 2024-05-03 Aug 1982 American
PURDIE, Colin Andrew Director 2025-03-26 Jun 1979 British
TSARAVAS, Christos Director 2025-04-11 Jul 1976 Swiss
Show 24 resigned officers
Name Role Appointed Resigned
BOAG, Steven George Secretary 1993-08-23 2003-09-30
CROOK, Richard James Secretary 2003-09-30 2004-08-16
GRINTER, Sian Secretary 2017-02-23 2017-04-21
HARE, Elisabeth Eleanor Secretary 2004-09-17 2014-05-02
LAPHEN, Sean Martin Secretary 2014-10-08 2017-02-23
RUDICK, Warren Mark, Mr. Secretary 2017-04-21 2021-12-15
SUNNERBERG, Steven Secretary 2021-12-15 2025-02-11
TYSON, Stephen John Secretary 2004-08-16 2004-09-17
ARNOTT, Andrew G. Director 2018-12-31 2023-12-31
BOAG, Steven George Director 1994-07-04 2003-08-08
CHENE, Claude Andre Director 2015-11-26 2018-04-30
CONKEY, Christopher Paul Director 2010-09-20 2024-04-01
CORNFORTH, Alexandra Louise Director 2010-08-04 2017-04-07
CROOK, Richard James Director 1993-08-23 2004-08-16
FITZGERALD, Colin John Director 2023-11-15 2024-11-29
MENNIE, Peter Sam Director 2010-04-15 2024-06-03
MILLER, David John Director 2003-09-10 2004-08-16
MOUNSEY, Joseph Backhouse Director 1993-08-23 1994-09-05
MULHOLLAND, Michael John Cieran Director 2018-06-04 2026-01-13
OTSUKI, Ronald Ryo Director 2003-03-20 2005-08-09
PEDERSEN, Endre Gaski Director 2024-04-01 2026-01-26
SHED, John William Director 2005-08-09 2013-01-07
TYSON, Stephen John Director 2004-07-05 2013-12-31
ZANUSO, Marco, Mr. Director 2018-06-06 2024-03-27

Ownership

Persons with significant control

No persons with significant control on record.

Filing timeline

Last 20 of 177 total filings

Date Type Category Description
2026-04-28 RP01AP01 officers Replacement filing of director appointment with name PDF
2026-04-26 AA accounts Accounts with accounts type full
2026-02-23 SH01 capital Capital allotment shares PDF
2026-02-17 TM01 officers Termination director company with name termination date
2026-02-11 AP01 officers Appoint person director company with name date
2026-02-06 TM01 officers Termination director company with name termination date
2025-12-12 SH01 capital Capital allotment shares
2025-10-10 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-04-22 AA accounts Accounts with accounts type full
2025-04-14 AP01 officers Appoint person director company with name date PDF
2025-03-27 AP01 officers Appoint person director company with name date PDF
2025-02-14 TM02 officers Termination secretary company with name termination date PDF
2024-12-06 TM01 officers Termination director company with name termination date PDF
2024-10-11 CS01 confirmation-statement Confirmation statement with updates PDF
2024-09-10 SH01 capital Capital allotment shares PDF
2024-06-07 TM01 officers Termination director company with name termination date PDF
2024-05-14 AP01 officers Appoint person director company with name date
2024-04-15 AA accounts Accounts with accounts type full
2024-04-10 SH01 capital Capital allotment shares PDF
2024-04-05 TM01 officers Termination director company with name termination date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
8

last 12 months

Capital events
3

last 24 months

Officers appointed
1

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.

Year-on-year

FY2024 → FY2025 · period ending 2025-12-31 vs 2024-12-31

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

Official Companies House page