CUSHON MT LIMITED

1. CUSHON MT LIMITED 2020-12-02 → present
2. SALVUS MT LTD 2019-12-17 → 2020-12-02

Latest accounts filed cover 2025-12-31; financial figures currently reflect up to 2023-12-31.

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of 12 months from when the financial statements are authorised for issue.”

Group structure

1. CUSHON MT LIMITED · parent
   1. Creative Benefit Solutions Ltd

Significant events

• “On 10 December 2025, NatWest Group announced that Willis Towers Watson (WTW) will acquire 100% of the NW A Holdings Ltd shareholding including Cushon Group and subsidiaries.”
• “In February 2026, Cushon merged the CPT into the Cushon Master Trust (CMT) which was the first key step to fully consolidating members.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

17

last 12 months

Capital events

4

last 24 months

Officers appointed

3

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -21.5%

  £2,197,398 → £1,725,279

• Cash

  +66.4%

  £914,589 → £1,521,565

• Net assets

  -265.9%

  -£3,898,223 → -£14,263,246

  lowest in 4 filed years

• Employees

  -28.6%

  7 → 5

• Operating profit

  +24.8%

  £191,320 → £238,819

• Profit before tax

  -239.4%

  -£3,053,759 → -£10,365,023

• Wages

  -38.6%

  £104,403 → £64,149

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers