THE LINDSELL TRAIN INVESTMENT TRUST PLC
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2025-03-31
Confirmation statement due
2026-12-11 (in 7mo)
Last made up 2025-11-27
Watchouts
None on the register
Cash
£5M
-24% vs 2024
Net assets
£190M
-7.2% vs 2024
Employees
—
Average over period
Profit before tax
£9M
+101.5% vs 2024
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £12,005,000 | £10,169,000 | |
| Operating profit | — | — | |
| Profit before tax | £4,295,000 | £8,655,000 | |
| Net profit | £4,195,000 | £8,567,000 | |
| Cash | £6,028,000 | £4,582,000 | |
| Total assets less current liabilities | £205,285,000 | £190,426,000 | |
| Net assets | £205,285,000 | £190,426,000 | |
| Equity | £205,285,000 | £190,426,000 | |
| Average employees | — | — | |
| Wages | — | — |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Net margin | 34.9% | 84.2% | |
| Current ratio | 21.47x | 23.92x |
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
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on these stress tests, the conclusions drawn in the Viability Statement in the Strategic Report on page 20, the Company’s cash balances and access to funding, the Directors are satisfied that the Company has adequate financial resources to continue in operation for at least the next 12 months from 12 June 2025 and that, accordingly, it is appropriate to continue to adopt the going concern basis in preparing the Financial Statements.”
Significant events
- “Dividends from LTL accounting for 76% of Company's revenues, but LTL business did not turnaround as hoped, impacting dividend sustainability.”
- “Board proposes a 100-for-1 share split to improve liquidity and accessibility for retail investors.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FROSTROW CAPITAL LLP | Corporate Secretary | 2020-11-02 | — | — |
| ALLAN, Nicholas Timothy | Director | 2018-09-18 | Mar 1958 | British |
| HANSEN, Sian Elizabeth | Director | 2025-06-04 | Apr 1964 | British,Canadian |
| LAMBERT, Roger Mark Uvedale | Director | 2022-09-23 | Feb 1959 | British |
| LINDSELL, Michael James | Director | 2006-07-13 | Feb 1960 | British |
| MACLELLAN, Alexander David | Director | 2023-08-30 | Sep 1959 | British |
| VINNICOMBE, Helena Victoria Brodie | Director | 2022-09-23 | May 1973 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DWYER, Daniel John | Nominee Secretary | 2000-11-29 | 2000-11-29 |
| MAITLAND ADMINISTRATION SERVICES LIMITED | Corporate Secretary | 2000-11-29 | 2020-11-02 |
| ADAMSON, Donald | Director | 2000-11-29 | 2015-09-02 |
| CALDECOTT, Peter Dominic | Director | 2006-05-23 | 2016-06-01 |
| CAZALET, Charles Julian | Director | 2015-01-29 | 2023-12-31 |
| DWYER, Daniel John | Director | 2000-11-29 | 2000-11-29 |
| DWYER, Daniel James | Nominee Director | 2000-11-29 | 2000-11-29 |
| HUGHES, Richard Stormont | Director | 2018-09-18 | 2023-08-30 |
| LANDMAN, Rory Buchanan | Director | 2011-07-20 | 2020-09-03 |
| LICKORISH, Vivien Mary | Director | 2015-01-29 | 2025-09-11 |
| LINDSELL, Michael James | Director | 2000-11-29 | 2005-03-31 |
| MACKENZIE, Michael | Director | 2000-11-29 | 2018-08-29 |
| SWIRE, Rhoderick Martin | Director | 2000-11-29 | 2011-07-20 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 178 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-09-15 RESOLUTIONS Resolution
- 2025-09-15 MA Memorandum articles
- 2024-09-09 RESOLUTIONS Resolution
- 2023-09-05 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-24 | SH02 | capital | Capital alter shares subdivision | |
| 2025-09-15 | RESOLUTIONS | resolution | Resolution | |
| 2025-09-15 | MA | incorporation | Memorandum articles | |
| 2025-09-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-25 | AA | accounts | Accounts with accounts type full | |
| 2025-06-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-21 | AD02 | address | Change sail address company with old address new address | |
| 2024-11-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-09 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-23 | AA | accounts | Accounts with accounts type full | |
| 2024-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-05 | RESOLUTIONS | resolution | Resolution | |
| 2023-08-30 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-30 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-06 | AD02 | address | Change sail address company with old address new address | |
| 2023-06-27 | AA | accounts | Accounts with accounts type full | |
| 2023-01-16 | AUD | auditors | Auditors resignation company | |
| 2022-11-29 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 1
- Officers appointed
- 1
- 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
-15.3%
£12,005,000 £10,169,000
-
Cash
-24%
£6,028,000 £4,582,000
-
Net assets
-7.2%
£205,285,000 £190,426,000
-
Employees
—
Not reported
-
Profit before tax
+101.5%
£4,295,000 £8,655,000
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