THESIS UNIT TRUST MANAGEMENT LIMITED

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company continues to operate profitably and held cash at 30 April 2025 of £39,489,000 (2024: £30,619,0000. The operating model remains highly cash generative and the company continues to increase its interest earnings, £2,053,000 (2024: £1,505,000) The Board has reviewed critically the budget and financial projections for the Company for the next 12 months and beyond, including its cashflows and liquidity position. 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 of accounting in preparing the annual report and accounts.”

Group structure

1. THESIS UNIT TRUST MANAGEMENT LIMITED · parent
   1. Tutman LLP 0.99% · Great Britain · management of unit trusts and Open-ended Investment Companies (OEICs)
   2. ConBrio Fund Partners Limited · Great Britain · management of Open-ended Investment Companies (OEICs)

Significant events

• “On 8 December 2023 Tutman completed the acquisition of ConBrio Fund Partners Limited ("ConBrio"). In May 2025 the FCA approved an application for the funds operated by ConBrio to transfer to the Company. The project to effect this, including communications to investors, is underway and is expected to conclude in August 2025.”
• “On 30 June 2025 the Company's parent, Thesis Holdings Limited, acquired the entire share capital of Evelyn Partners Fund Solutions Limited from Evelyn Partners Group Limited. The name of the company was changed on 2 July 2025 to TUTMAN Fund Solutions Limited ("TFSL"). TFSL is authorised and regulated by the Financial Conduct Authority and has the permissions to act as an authorised corporate director ("ACD") for collective investment funds. At the acquisition date it had funds under management of £10.6bn.”

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

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +14.3%

  £164,487,000 → £188,023,000

• Cash

  +29%

  £30,619,000 → £39,489,000

• Net assets

  +1.9%

  £24,252,000 → £24,719,000

• Employees

  0%

  24 → 24

• Operating profit

  +0.6%

  £4,115,000 → £4,138,000

• Profit before tax

  +0.2%

  £5,010,000 → £5,021,000

• Wages

  +1.9%

  £1,509,000 → £1,537,000

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