NOW:PENSIONS LTD.
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-21 (in 4mo)
Last made up 2025-09-07
Watchouts
Cash
£28M
+17.3% vs 2023
Net assets
£48M
+31.2% vs 2023
Employees
160
-9.1% vs 2023
Profit before tax
£4M
+370.9% 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.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £34,733,000 | £40,207,000 | |
| Operating profit | £40,000 | £3,218,000 | |
| Profit before tax | £937,000 | £4,412,000 | |
| Net profit | £1,555,000 | £11,380,000 | |
| Cash | £24,224,000 | £28,426,000 | |
| Total assets less current liabilities | £36,874,000 | £48,271,000 | |
| Net assets | £36,490,000 | £47,870,000 | |
| Equity | £36,490,000 | £47,870,000 | |
| Average employees | 176 | 160 | |
| Wages | £11,076,000 | £12,335,000 |
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 | 0.1% | 8.0% | |
| Net margin | 4.5% | 28.3% | |
| Return on capital employed | 0.1% | 6.7% | |
| Current ratio | 3.68x | 4.93x | |
| Interest cover | 0.11x | 37.86x |
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
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“It is the directors assessment that the Company will remain a going concern for a period of at least 12 months from the date of approval of the financial statements, based upon the latest business plan and the strong balance sheet position as at year end, showing net assets of £31.9m after excluding the £16.0m Master Trust reserves (held in a ring fenced bank account).”
Group structure
- NOW:PENSIONS LTD. · parent
- NOW: Investments Ltd 100%
- NOW: Management Ltd 100%
- NOW: Savings Ltd 100%
- NOW: Pensions Investment Ltd 100%
- NOW: Pensions Management Ltd 100%
Significant events
- “On 11 April 2023 the Company entered into a 10-year initial term Administration Agreement with Tata Consultancy Services Limited ("TCS"), to take over the administration and member services of NPT.”
- “On 4 November 2024, it was announced that the Marsh McLennan Group ('MMC'), which is the owner of Mercer Limited, had completed the acquisition of the Cardano Group, which is the owner of NPL.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 25 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WARREN, Jamie Daniel | Secretary | 2014-08-06 | — | — |
| LUTHI, Patrick Oliver | Director | 2019-02-13 | Sep 1965 | Swiss,Irish |
| PARKINSON, Philip Anthony James | Director | 2026-01-01 | Oct 1985 | British |
| WILLIAMS, David Nicholas | Director | 2026-01-01 | Feb 1971 | British |
Show 25 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HARRISON KELLEY, Fiona Moira | Secretary | 2013-06-25 | 2014-04-07 |
| SISEC LIMITED | Corporate Secretary | 2011-09-07 | 2011-10-11 |
| ANDERSEN, Tomas Krüger | Director | 2018-10-18 | 2019-09-30 |
| BOWYER, Claire Lisa | Director | 2023-04-18 | 2025-12-12 |
| CLUTTERBUCK, Troy | Director | 2016-10-11 | 2019-06-30 |
| DE LATHAUWER, Michael Georges Jules | Director | 2019-02-13 | 2025-12-31 |
| EDMANS, Laurence Michael | Director | 2019-12-11 | 2022-07-31 |
| EMAMY, Alireza | Director | 2015-12-09 | 2016-08-26 |
| FOGED, Bo | Director | 2015-02-04 | 2017-04-20 |
| GANDHI, Joyatindra Poonam | Director | 2011-10-10 | 2013-06-12 |
| GREENFIELD, John Anthony Leslie | Director | 2011-10-10 | 2013-10-18 |
| HARRIS, John George | Director | 2012-10-01 | 2013-10-18 |
| MEEK, Charles Harry | Director | 2018-08-06 | 2018-10-18 |
| NILSSON, Niels Morten | Director | 2011-10-10 | 2017-08-24 |
| PAGE, Fiona Jane | Director | 2021-01-18 | 2025-12-31 |
| RAMLAU-HANSEN, Henrik | Director | 2016-12-01 | 2018-08-09 |
| ROWLAND, John | Director | 2017-05-04 | 2020-12-01 |
| SCOTT, Catherine Bridget | Director | 2011-10-10 | 2013-10-18 |
| SEYMOUR, Michael John | Director | 2011-09-07 | 2011-10-10 |
| SMEE, Paul Howard | Director | 2022-08-01 | 2025-07-02 |
| STENDEVAD, Poul Carsten | Director | 2013-10-18 | 2016-11-30 |
| WALKLEY, Tim Alcolm | Director | 2013-06-25 | 2015-09-28 |
| WEUDER, Ulrik Dan | Director | 2018-10-18 | 2019-09-30 |
| LOVITING LIMITED | Corporate Director | 2011-09-07 | 2011-10-10 |
| SERJEANTS' INN NOMINEES LIMITED | Corporate Director | 2011-09-07 | 2011-10-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mercer Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-01-01 | Active |
| Cardano Holding Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-09-30 | Ceased 2026-01-01 |
| Ministry Of Employment (Denmark) | Legal person | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2019-09-30 |
Filing timeline
Last 20 of 127 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-13 | CH01 | officers | Change person director company with change date | |
| 2026-01-13 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-01-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-01-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-13 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-13 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-15 | AA | accounts | Accounts with accounts type full | |
| 2025-09-05 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-06 | AA | accounts | Accounts with accounts type full | |
| 2023-10-04 | AA | accounts | Accounts with accounts type full | |
| 2023-09-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-26 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-18 | AA | accounts | Accounts with accounts type full | |
| 2022-08-01 | AP01 | officers | Appoint person director company with name date |
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
+15.8%
£34,733,000 £40,207,000
-
Cash
+17.3%
£24,224,000 £28,426,000
-
Net assets
+31.2%
£36,490,000 £47,870,000
-
Employees
-9.1%
176 160
-
Operating profit
+7,945%
£40,000 £3,218,000
-
Profit before tax
+370.9%
£937,000 £4,412,000
-
Wages
+11.4%
£11,076,000 £12,335,000
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