DAVIDSONS PORTFOLIO MANAGEMENT LTD

Company number

11001999

Status

Active

Incorporation

2017-10-09

Last accounts made up

2025-03-31

Account category

FULL

Primary SIC

66190

Hubs

UK Fintech

Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Bishop Fleming Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have concluded that the financial statements should be prepared on a going concern basis. The directors have assessed this basis with reference to external factors and deemed it to be reasonable. In particular, as noted in the Strategic Report, the group financial statements include a significant provision in relation to redress that is payable by the group. The directors do not expect redress of this magnitude to re-occur in future years and excluding the redress the underlying operations of the group are positive and the group is profitable. In addition, the directors have and are continuing to take steps to ensure that the company and the group of which it is part will have sufficient continuing liquid resources to enable it to settle its liabilities, including the redress payments, as and when they fall due. The directors also continue to closely monitor compliance with the FCA capital adequacy rules on an individual entity and group level. They consider that, when taking into account expected 2026 profitability, they will be able to demonstrate compliance with all requirements going forward.”

Significant events

• “In March 2024 the Group had voluntarily agreed with the FCA to abstain from accepting new business, whilst it consolidates recent acquisitions and embeds essential business oversight functions with our new client management framework designed to enhance client service.”
• “The FCA also required that a Skilled Persons Review was commissioned and the resulting report identified areas where the payment of redress to clients may be appropriate. The group has undertaken extensive work to identify the clients affected and to calculate the amount payable and a further Skilled Persons review was commissioned to agree the value of the redress. The total group provision representing the estimated amount of redress payable at 31 March 2025 amounts to £13,106,203, including interest but net of recoverable VAT. Of this sum £nil is attributable to this company.”

Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers