S&P GLOBAL RATINGS UK LIMITED
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Next accounts due
2027-09-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2027-01-02 (in 8mo)
Last made up 2025-12-19
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
£105M
+206.3% vs 2024
Employees
373
+3.6% vs 2024
Profit before tax
£179M
+1.5% vs 2024
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Turnover | £260,235,000 | £262,921,000 | |
| Operating profit | £174,611,000 | £174,852,000 | |
| Profit before tax | £175,992,000 | £178,643,000 | |
| Net profit | £154,199,000 | £201,116,000 | |
| Cash | — | — | |
| Total assets less current liabilities | -£98,492,000 | £104,664,000 | |
| Net assets | -£98,492,000 | £104,664,000 | |
| Equity | -£98,492,000 | £104,664,000 | |
| Average employees | 360 | 373 | |
| Wages | £62,843,000 | £60,708,000 |
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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | 67.1% | 66.5% | |
| Net margin | 59.3% | 76.5% | |
| Return on capital employed | -177.3% | 167.1% | |
| Gearing (liabilities / total assets) | 117.6% | 79.9% | |
| Current ratio | 0.55x | 0.78x | |
| Interest cover | 18.49x | 17.74x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In conclusion, the Company has sufficient cash resources for working capital requirements and to meet its obligations as they arise for at least 12 months from the date of approval of the balance sheet.”
Significant events
- “Changes in regulation may impact our business, such as an observed increase in interactions with UK based ratings agency during 2025 from the Financial Conduct Authority ("FCA"), which the Company has been active in supporting and responding to.”
- “Worldwide economic and political conditions that may result from legislative action, the impact of the Russia/Ukraine war, the situation in Israel and Gaza and conflict in Iran, as well as policy changes which could adversely impact our business.”
- “A court case commenced in February 2025 concerning section 37 confirmations, with pensions industry groups lobbying the UK Government to introduce additional legislation to enable section 37 confirmations to be given retrospectively.”
- “In September 2025, The Pensions Schemes Bill (Amendment Paper) began to make its way through parliament. This sets out a validation process for amendments made between 6 April 1997 and 5 April 2016.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HITHERSAY, Elizabeth Mary | Secretary | 2018-12-20 | — | — |
| LYNCH BRIDSON, Julie | Secretary | 2018-12-20 | — | — |
| BUTLER, Martin | Director | 2024-07-01 | Jul 1963 | British |
| LE PALLEC, Yann Marc Eric | Director | 2021-01-23 | Aug 1968 | French |
| MULVEY, Marion Anne | Director | 2025-07-01 | Mar 1972 | Irish |
| WAGNER, Florian Marek | Director | 2022-05-30 | Oct 1973 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BERISFORD, John | Director | 2020-12-31 | 2022-02-28 |
| CHEUNG, Martina Li Wan | Director | 2022-02-28 | 2024-11-01 |
| GARVEY, James Richard | Director | 2020-12-31 | 2024-12-29 |
| PENROSE, James | Director | 2018-12-20 | 2022-05-30 |
| SANSOM, Paul James | Director | 2018-12-20 | 2020-12-31 |
| SCHLIESSLER, Ursula Amelie | Director | 2020-12-31 | 2025-06-30 |
| WISE, Kevin | Director | 2018-12-20 | 2020-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| S&P Global Inc. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-12-20 | Active |
Filing timeline
Last 20 of 35 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-10 | AA | accounts | Accounts with accounts type full | |
| 2026-05-08 | CH01 | officers | Change person director company with change date | |
| 2026-01-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-08 | AA | accounts | Accounts with accounts type full | |
| 2025-07-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-24 | AA | accounts | Accounts with accounts type full | |
| 2023-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-24 | AA | accounts | Accounts with accounts type full | |
| 2022-12-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-08-02 | AA | accounts | Accounts with accounts type full | |
| 2022-06-09 | TM01 | officers | Termination director company with name termination date | |
| 2022-06-09 | AP01 | officers | Appoint person director company with name date | |
| 2022-03-07 | AP01 | officers | Appoint person director company with name date | |
| 2022-03-04 | 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
- 1
- 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
FY2024 → FY2025 · period ending 2025-12-31 vs 2024-12-31
-
Turnover
+1%
£260,235,000 £262,921,000
-
Cash
—
Not reported
-
Net assets
+206.3%
-£98,492,000 £104,664,000
-
Employees
+3.6%
360 373
-
Operating profit
+0.1%
£174,611,000 £174,852,000
-
Profit before tax
+1.5%
£175,992,000 £178,643,000
-
Wages
-3.4%
£62,843,000 £60,708,000
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