TRUE POTENTIAL GROUP LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-27 (in 11mo)
Last made up 2026-04-13
Watchouts
None on the register
Cash
£217M
+67.3% vs 2023
Net assets
£1B
+11.8% vs 2023
Employees
616
+21.3% vs 2023
Profit before tax
£111M
-36.6% vs 2023
Name history
Renamed 1 time since incorporation
- TRUE POTENTIAL GROUP LIMITED 2016-09-13 → present
- FTV GALLEON 3 LIMITED 2015-12-15 → 2016-09-13
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £406,451,000 | £498,894,000 | |
| Operating profit | £173,325,000 | £104,196,000 | |
| Profit before tax | £175,450,000 | £111,292,000 | |
| Net profit | £142,375,000 | £93,208,000 | |
| Cash | £129,644,000 | £216,833,000 | |
| Total assets less current liabilities | £1,031,029,000 | £1,151,179,000 | |
| Net assets | £1,027,681,000 | £1,148,444,000 | |
| Equity | £1,027,681,000 | £1,148,444,000 | |
| Average employees | 508 | 616 | |
| Wages | £24,936,000 | £31,357,000 |
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 | 42.6% | 20.9% | |
| Net margin | 35.0% | 18.7% | |
| Return on capital employed | 16.8% | 9.1% | |
| Gearing (liabilities / total assets) | 6.7% | 12.0% | |
| Current ratio | 3.22x | 2.34x | |
| Interest cover | 1229.26x | 397.69x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Management has carried out a going concern assessment taking into account a number of scenarios that could occur, including a material decrease in sales, a material increase in attrition rates, a material decrease in asset values and a general change to the sentiment and appetite of the UK market for investment products and pension savings.”
Group structure
- TRUE POTENTIAL GROUP LIMITED · parent
- True Potential LLP 100%
- True Potential Holdings Limited 100%
- True Potential Adviser Services LLP 100%
- True Potential Investments LLP 100%
- True Potential Wealth Management LLP 100%
- True Potential Administration LLP 100%
- True Potential Nominees Limited 100%
- True Potential Trustee Company Limited 100%
Significant events
- “On 22 January 2025, 12 February 2025, and 14 March 2025, the Company made interim dividends to its immediate parent, Kane Bidco Limited, in the sum of £2.4m, £32.0m, and £63.1m.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
11 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GUBBINS, Alexander Thomas William | Secretary | 2024-03-25 | — | — |
| BRUCE, Stephanie Jane | Director | 2023-11-16 | Nov 1968 | British |
| COWARD, Peter John | Director | 2025-07-15 | Apr 1956 | British |
| CREWE, Maxim Devin | Director | 2023-09-28 | Dec 1980 | British |
| HARRISON, David George | Director | 2026-03-09 | Jul 1950 | British |
| HUNTER, Rebecca Helen | Director | 2022-01-21 | Sep 1992 | British |
| MALLON, Gerard Martin | Director | 2025-02-13 | Nov 1969 | British |
| MCTEAGUE, Karina Trudy | Director | 2023-09-28 | May 1962 | British |
| PEEBLES, George Adam | Director | 2016-08-17 | May 1954 | British |
| SIBBALD, Andrew Syears | Director | 2023-03-14 | Aug 1966 | British |
| THORPE, Benjamin Lee | Director | 2023-07-04 | Apr 1976 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BALFE, Jodi Shin | Director | 2022-01-21 | 2025-10-27 |
| BERENDSEN, Caspar Antonius | Director | 2022-01-21 | 2023-09-28 |
| BERNSTEIN, Bradford Eric | Director | 2016-08-02 | 2019-10-14 |
| BERTOLINI, Andrea | Director | 2022-01-21 | 2022-09-09 |
| COWARD, Peter John | Director | 2016-11-25 | 2022-01-21 |
| GLASGOW, Earl William | Director | 2016-08-02 | 2022-01-21 |
| GRISWOLD, Kyle Adams | Director | 2016-08-02 | 2019-10-14 |
| HARRISON, Daniel George | Director | 2016-08-02 | 2024-10-11 |
| HARRISON, David George | Director | 2016-08-02 | 2023-10-26 |
| HENDERSON, Mark | Director | 2016-08-02 | 2022-01-21 |
| JAZAERLI, Samy | Director | 2022-01-21 | 2024-01-24 |
| JOHNSON, Neil Andrew | Director | 2015-12-15 | 2023-02-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cinven Partnership Llp | Corporate entity | Significant influence | 2022-01-21 | Active |
| Mr David George Harrison | Individual | Shares 25–50%, Voting 25–50% | 2016-08-02 | Ceased 2022-01-21 |
Filing timeline
Last 20 of 122 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-17 | AA | accounts | Accounts with accounts type group | |
| 2025-07-29 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-26 | SH01 | capital | Capital allotment shares | |
| 2025-02-21 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-13 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2024-11-27 | SH01 | capital | Capital allotment shares | |
| 2024-10-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-09 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-08-02 | SH01 | capital | Capital allotment shares | |
| 2024-06-23 | AA | accounts | Accounts with accounts type group | |
| 2024-04-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-02-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-03 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2024-01-03 | RP04SH01 | capital | Second filing capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 4
- Officers appointed
- 2
- 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+22.7%
£406,451,000 £498,894,000
-
Cash
+67.3%
£129,644,000 £216,833,000
-
Net assets
+11.8%
£1,027,681,000 £1,148,444,000
-
Employees
+21.3%
508 616
-
Operating profit
-39.9%
£173,325,000 £104,196,000
-
Profit before tax
-36.6%
£175,450,000 £111,292,000
-
Wages
+25.7%
£24,936,000 £31,357,000
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