MORNINGSTAR WEALTH ADMINISTRATION LIMITED

1. MORNINGSTAR WEALTH ADMINISTRATION LIMITED 2022-08-24 → present
2. PRAEMIUM ADMINISTRATION LIMITED 2016-11-30 → 2022-08-24
3. SMARTFUND ADMINISTRATION LIMITED 2008-08-21 → 2016-11-30
4. SMART OPERATOR LIMITED 2006-12-04 → 2008-08-21

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 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company meets its day to day working capital requirements from Bank balances. The financial statements of the Company have been prepared on a going concern basis, which assumes that the Company will continue in operational existence for the foreseeable future. The Company relies on the support of Morningstar, Inc., the (ultimate parent company) incorporated in the United States, for its working capital requirements and in order to meet its obligations as they fall due. The directors have received written confirmation from the parent confirming that it will continue to provide support to the Company for existing and future debts and ongoing working capital requirements for at least 12 months from the date of approval of financial statements. Morningstar, Inc. has indicated its intention to continue to make available such funds as are needed by the company during the going concern assessment period. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so and therefore that can be concluded that financial statements are prepared on a going concern basis.”

Group structure

1. MORNINGSTAR WEALTH ADMINISTRATION LIMITED · parent
   1. Smartfund Nominees Ltd 100% · England and Wales
   2. Smart Investment Management Limited 100% · England and Wales
   3. Morningstar Wealth Retirement Services Limited 100% · England and Wales
   4. Morningstar Wealth Trustee Limited 100% · England and Wales
   5. Morningstar Wealth Retirement Trustees Limited 100% · England and Wales
   6. Morningstar Wealth EMA Trustees Limited 100% · England and Wales

Significant events

• “During the year, the Company sold its interest in the Wensley Mackay book of business, resulting in a loss on disposal of £80,047.”
• “Throughout 2024 we continued the development of our platform releasing several updates and product developments to enhance the user experience. We increased awareness of our proposition through a coordinated marketing campaign that included both third party and in house events complemented by webinars, newsletters and Linked In campaigns. We invested significantly in the recruitment of personnel at various levels to maintain service levels as we expand.”
• “Potential restructure of the regulatory business to ensure efficiency due to similar product offerings in the Morningstar UK Wealth Business.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  +51.3%

  £7,039,969 → £10,652,222

• Cash

  +100.5%

  £2,534,307 → £5,082,382

• Net assets

  +20.7%

  £4,542,568 → £5,480,939

• Employees

  -5.6%

  18 → 17

• Operating profit

  +467.7%

  £263,438 → £1,495,625

• Profit before tax

  +354.7%

  -£515,668 → £1,313,149

• Wages

  +0.2%

  £2,037,183 → £2,040,500

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