NPL MANAGEMENT LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-15 (in 1mo)
Last made up 2025-06-01
Watchouts
Cash
£26M
-33.5% vs 2023
Net assets
£81M
-9.2% vs 2023
Employees
1,362
+11.9% vs 2023
Profit before tax
£5M
-29% 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
- NPL MANAGEMENT LIMITED 1995-02-10 → present
- VERBAY LIMITED 1994-06-10 → 1995-02-10
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £156,122,000 | £180,002,000 | |
| Operating profit | £6,187,000 | £4,459,000 | |
| Profit before tax | £6,777,000 | £4,814,000 | |
| Net profit | £7,081,000 | -£4,077,000 | |
| Cash | £38,359,000 | £25,519,000 | |
| Total assets less current liabilities | £89,883,000 | £91,152,000 | |
| Net assets | £89,492,000 | £81,293,000 | |
| Equity | £89,492,000 | £81,293,000 | |
| Average employees | 1,217 | 1,362 | |
| Wages | £58,182,000 | £70,317,000 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 4.0% | 2.5% | |
| Net margin | 4.5% | -2.3% | |
| Return on capital employed | 6.9% | 4.9% | |
| Gearing (liabilities / total assets) | 43.6% | 50.9% | |
| Current ratio | 1.30x | 1.12x | |
| Interest cover | 4.78x | 3.03x |
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
- Standalone (parent only)
- Auditor
- Christopher Hurren BA FCA | RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have acknowledged the guidance on going concern and financial reporting published by the Financial Reporting Council in April 2016. In view of the above, coupled with NPL's continued profitability in 2024 and its cash reserves of £25.5 million at December 2024, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “There are no post balance sheet events requiring adjustment to, or disclosure within, the Annual Report.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
12 active · 58 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| THOMAS, Mark Lindsay | Secretary | 2024-08-12 | — | — |
| BELL, Carol, Dr | Director | 2022-08-01 | Oct 1958 | British |
| CHANG, Andrew Courtney | Director | 2022-08-01 | Feb 1963 | British |
| HOLT, Penelope Jane | Director | 2018-09-26 | Feb 1972 | British |
| JAMIESON, Lindsay Helen | Director | 2023-09-04 | May 1987 | British |
| JARVIS, Stephen Andrew, Professor | Director | 2025-10-16 | Jul 1970 | British |
| MCARTHUR, Stephen Dominick James, Professor | Director | 2025-10-16 | May 1971 | British |
| QUINN, Catherine Ward | Director | 2020-11-12 | Sep 1958 | British |
| REID, Graeme, Professor | Director | 2021-01-01 | Jul 1955 | British |
| SCHMOLKE, Catriona Mary Robertson | Director | 2022-08-01 | Mar 1964 | British |
| SORRELL, Robert Michael, Dr | Director | 2022-07-01 | Oct 1959 | British |
| THOMPSON, Peter Anthony, Dr | Director | 2015-09-03 | Jul 1967 | British |
Show 58 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANSON, Nicola | Secretary | 2013-01-01 | 2018-04-06 |
| ARMSTRONG, Andrew John | Secretary | 2018-04-12 | 2019-08-31 |
| BOLSTER, John Roger | Secretary | 2000-06-09 | 2001-01-31 |
| HUNTER, Rebecca Cordelia | Secretary | 2020-02-13 | 2024-06-04 |
| MANN, Alan Raymond | Secretary | 2001-01-31 | 2013-01-01 |
| MANN, Alan Raymond | Secretary | 1995-01-18 | 2000-06-09 |
| PRICE, Deborah | Nominee Secretary | 1994-06-10 | 1994-09-29 |
| TODD, Francesca Anne | Secretary | 2005-07-27 | 2006-05-31 |
| SERCO CORPORATE SERVICES LIMITED | Corporate Secretary | 2007-09-14 | 2015-01-01 |
| ANSON, Nicola | Director | 2013-01-01 | 2018-04-06 |
| ARCHER-JONES, Keith Edward | Director | 2007-07-31 | 2010-01-27 |
| BEESTON, Kevin Stanley | Director | 1999-09-22 | 2003-04-17 |
| BENNETT, Seton John, Dr | Director | 2001-10-01 | 2009-09-01 |
| BOWSHER, Brian Robert, Doctor | Director | 2009-03-01 | 2015-06-30 |
| BROOK, Richard Anthony | Director | 2004-03-01 | 2015-12-31 |
| BROOK, Richard Anthony | Director | 2000-10-25 | 2003-04-17 |
| BROOKS, Amanda Melanie Kendall | Director | 2015-01-01 | 2016-07-30 |
| BRYAN, Everton | Director | 1995-01-18 | 1995-09-01 |
| BULLOUGH, Ronald, Professor | Director | 1995-09-01 | 1998-10-01 |
| CORNWELL, Anthony Bruce | Director | 1995-01-18 | 1995-09-01 |
| DOWNIE, Ian Wilson | Director | 2011-07-27 | 2015-01-01 |
| DUNNE, Timothy James Lawson, Professor | Director | 2025-05-17 | 2025-09-15 |
| DUNSBY, Louise | Director | 2020-10-01 | 2021-02-11 |
| GANGE, Peter Alan | Director | 1995-09-01 | 1996-11-26 |
| GIACHARDI, David John, Dr | Director | 1999-01-25 | 2001-09-30 |
| GRANT, David, Sir | Director | 2015-05-01 | 2021-09-30 |
| GRAY, George Gowans, Dr | Director | 1997-10-29 | 2002-09-30 |
| GRAY, George Gowans, Dr | Director | 1995-09-01 | 1996-11-13 |
| HADLEY, Paul Simon | Director | 2016-04-27 | 2018-11-12 |
| HART, Robin, Dr | Director | 2022-01-01 | 2023-02-14 |
| HOWARTH, Paul John Arton, Dr | Director | 2015-01-01 | 2021-01-04 |
| HOWIE, Archibald, Professor | Director | 1995-09-01 | 2001-09-30 |
| HURST, Stephanie, Dr | Director | 2018-11-12 | 2020-08-14 |
| KEARNEY, Michael | Director | 2015-09-28 | 2017-01-01 |
| KELLY, Anthony, Professor | Director | 1995-09-01 | 2001-09-30 |
| LAWLOR, Timothy Charles | Director | 2010-01-27 | 2011-07-27 |
| LEWIS, Nesta Margaret | Nominee Director | 1994-06-10 | 1994-09-29 |
| LU, Gaoqing Max | Director | 2017-01-01 | 2025-05-17 |
| MANN, Alan Raymond | Director | 1995-01-18 | 2013-01-01 |
| MARSH, Maxwell Clive, Dr | Director | 2004-01-28 | 2008-01-31 |
| MCDONALD, James Rufus, Professor Sir | Director | 2015-05-21 | 2025-09-10 |
| MCGUINESS, Robert Clayton, Dr | Director | 2000-03-16 | 2007-07-26 |
| MCQUILLAN, Stephen | Director | 2005-01-26 | 2008-09-30 |
| MCSWEENEY, David Keith | Director | 2023-06-14 | 2024-02-19 |
| PERRY, Nigel John | Director | 2016-06-01 | 2022-05-24 |
| RAE, John, Doctor | Director | 1995-09-01 | 2005-12-31 |
| RICHARDSON, David Charles | Director | 2004-03-01 | 2006-06-30 |
| RICHARDSON, David Charles | Director | 1998-10-07 | 2003-04-17 |
| SANDFORD, David Alexander | Director | 2023-01-09 | 2023-09-04 |
| SAWARD, Victoria Helen, Dr | Director | 2023-10-02 | 2026-02-25 |
| SENE, Martyn Russell | Director | 2009-10-28 | 2021-12-31 |
| SNOWDEN, Christopher Maxwell, Professor Sir | Director | 2015-04-01 | 2015-09-28 |
| SUTCLIFFE, Brigid Ann | Director | 2016-03-01 | 2022-09-28 |
| WALLACE, Harriet | Director | 2021-02-11 | 2023-01-09 |
| WALLARD, Andrew John, Dr | Director | 1995-10-01 | 2002-02-28 |
| WHELAN, Robert Charles, Dr | Director | 1995-09-01 | 1998-10-01 |
| WILLIAMS, Peter Michael, Sir | Director | 2002-01-01 | 2015-01-01 |
| WYKE, John Brynley | Director | 1998-10-07 | 1999-09-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Secretary Of State For Dsit | Legal person | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 238 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-23 | PSC06 | persons-with-significant-control | Change to a person with significant control | |
| 2026-04-23 | CH01 | officers | Change person director company with change date | |
| 2026-04-23 | CH01 | officers | Change person director company with change date | |
| 2026-02-26 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-16 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-09-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-20 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-11 | CH01 | officers | Change person director company with change date | |
| 2024-08-21 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-07-31 | AA | accounts | Accounts with accounts type full | |
| 2024-06-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-04 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-02-20 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-06 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-06 | PSC06 | persons-with-significant-control | Change to a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 0
- Officers appointed
- 2
- 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
+15.3%
£156,122,000 £180,002,000
-
Cash
-33.5%
£38,359,000 £25,519,000
-
Net assets
-9.2%
£89,492,000 £81,293,000
-
Employees
+11.9%
1,217 1,362
-
Operating profit
-27.9%
£6,187,000 £4,459,000
-
Profit before tax
-29%
£6,777,000 £4,814,000
-
Wages
+20.9%
£58,182,000 £70,317,000
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