THE PRIMARY FIRST TRUST
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Next accounts due
2027-05-31 (in 1y)
Last filed for 2025-08-31
Confirmation statement due
2026-10-31 (in 5mo)
Last made up 2025-10-17
Watchouts
Cash
£2M
-30.2% vs 2024
Net assets
£38M
+6.4% vs 2024
Employees
563
+12.4% vs 2024
Profit before tax
—
Period ending 2025-08-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2025-08-31
| Metric | Trend | 2024-08-31 | 2025-08-31 |
|---|---|---|---|
| Turnover | £22,578,000 | £27,275,000 | |
| Operating profit | — | — | |
| Profit before tax | — | — | |
| Net profit | -£495,000 | £2,728,000 | |
| Cash | £3,014,000 | £2,105,000 | |
| Total assets less current liabilities | £35,771,000 | £37,981,000 | |
| Net assets | £35,682,000 | £37,951,000 | |
| Equity | £35,682,000 | £37,951,000 | |
| Average employees | 501 | 563 | |
| Wages | £12,954,000 | £15,556,000 |
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 | 2024-08-31 | 2025-08-31 |
|---|---|---|---|
| Net margin | -2.2% | 10.0% | |
| Gearing (liabilities / total assets) | 4.8% | 5.0% | |
| Current ratio | 2.02x | 2.23x |
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
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making appropriate enquiries, the Board of Trustees has a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
11 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| EL-MASRI, Soumaya | Director | 2023-11-01 | Apr 1995 | British |
| HALES, Alison | Director | 2020-05-20 | Apr 1968 | British |
| HARWOOD, William John | Director | 2013-10-18 | Mar 1965 | British |
| LONGLEY, Emma | Director | 2024-02-28 | Oct 1975 | British |
| MALSBURY, Philip | Director | 2025-08-01 | Feb 1971 | British |
| RICHARDS, Nigel Paul | Director | 2022-09-01 | Sep 1970 | British |
| RISTOW, Steven | Director | 2022-09-01 | Jun 1974 | British |
| RUMBLES, Stephen | Director | 2016-03-23 | Dec 1964 | British |
| SPEARMAN, Andrew Gordon | Director | 2014-12-10 | Feb 1986 | British |
| STREET, Angela Suzanne | Director | 2025-08-01 | May 1972 | British |
| WINN, Carol Anne | Director | 2025-08-01 | Jul 1956 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BINGLE, Branwen Mary, Dr | Director | 2018-03-28 | 2019-08-31 |
| CONNINGTON, Sandra Margaret | Director | 2016-11-04 | 2022-07-20 |
| FOSTER, Christine | Director | 2013-11-01 | 2017-12-13 |
| JONES, David William | Director | 2022-09-01 | 2023-09-29 |
| MARTIN, Adelle Helen | Director | 2016-03-23 | 2017-09-02 |
| RISTOW, Steven | Director | 2013-10-18 | 2015-12-09 |
| SMITH, Justin David Hall | Director | 2013-10-18 | 2018-09-30 |
| STINGMORE, Paul James | Director | 2018-03-28 | 2020-06-01 |
| THORBURN, Juliet Mary | Director | 2023-09-01 | 2025-04-10 |
| WALLBRIDGE, Martin James | Director | 2013-10-18 | 2016-07-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Stephen John Rumbles | Individual | Voting 25–50% | 2024-09-12 | Ceased 2024-10-28 |
| Mr Jonathan Terence Joseph O'Neill | Individual | voting-rights-25-to-50-percent-as-trust | 2023-08-19 | Ceased 2024-10-28 |
| Ms Hannah Louise Bayley | Individual | voting-rights-25-to-50-percent-as-trust | 2023-08-19 | Ceased 2024-10-28 |
| Mr William John Harwood | Individual | voting-rights-25-to-50-percent-as-trust | 2023-08-19 | Ceased 2024-09-12 |
Filing timeline
Last 20 of 71 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-30 | AA | accounts | Accounts with accounts type full | |
| 2025-10-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-28 | CH01 | officers | Change person director company with change date | |
| 2025-08-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-20 | AA | accounts | Accounts with accounts type full | |
| 2024-10-28 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2024-10-28 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-28 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-28 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-17 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-09-16 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-03-06 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-17 | AA | accounts | Accounts with accounts type full | |
| 2023-11-06 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-09 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 0
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 2025-08-31 vs 2024-08-31
-
Turnover
+20.8%
£22,578,000 £27,275,000
-
Cash
-30.2%
£3,014,000 £2,105,000
-
Net assets
+6.4%
£35,682,000 £37,951,000
-
Employees
+12.4%
501 563
-
Wages
+20.1%
£12,954,000 £15,556,000
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