CERNO CAPITAL PARTNERS LLP
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-03-20
Overdue
Watchouts
Cash
£769K
+82.2% vs 2024
Net assets
£1M
+1.4% vs 2024
Employees
32
+3.2% vs 2024
Profit before tax
£1M
-17.2% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-03-20.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 1 time since incorporation
- CERNO CAPITAL PARTNERS LLP 2008-08-18 → present
- IWM INDEPENDENT WEALTH MANAGEMENT LLP 2007-03-06 → 2008-08-18
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £4,985,551 | £4,978,798 | |
| Operating profit | £1,326,911 | £1,097,505 | |
| Profit before tax | £1,327,899 | £1,099,252 | |
| Net profit | £0 | £0 | |
| Cash | £422,130 | £769,118 | |
| Total assets less current liabilities | £1,449,010 | £1,469,941 | |
| Net assets | £1,449,010 | £1,469,941 | |
| Equity | £1,077,921 | £1,324,609 | |
| Average employees | 31 | 32 | |
| Wages | £1,888,757 | £2,042,566 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 26.6% | 22.0% | |
| Net margin | 0.0% | 0.0% | |
| Return on capital employed | 91.6% | 74.7% | |
| Current ratio | 4.47x | 3.50x | |
| Interest cover | 663455.50x | 4988.66x |
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
- PKF Littlejohn LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The partnership has considerable financial resources to hand, no external debt and capital well in excess of the FCA's requirements. The members have a reasonable expectation that the business has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
22 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HORNBY, Nicholas Michael | Llp Designated Member | 2007-03-06 | Nov 1967 | — |
| JOYCE, Joseph Stewart | Llp Designated Member | 2026-01-02 | Aug 1988 | — |
| BONSOR, Edward Richard | Llp Member | 2026-01-06 | Jul 1976 | — |
| BOOTH, John David Sebastian | Llp Member | 2008-09-08 | Jul 1958 | — |
| DAVIES, Charles Simon Hartley | Llp Member | 2008-09-08 | Apr 1970 | — |
| FLITTON, Michael Ernest | Llp Member | 2026-01-02 | Sep 1984 | — |
| HAWORTH, Mark Derek | Llp Member | 2008-09-08 | Nov 1969 | — |
| MACKERETH, Oscar William | Llp Member | 2026-01-06 | Jun 1997 | — |
| MCCOSH, Katherine Maree | Llp Member | 2026-01-02 | Jun 1990 | — |
| MCGUINNESS, Stephen James | Llp Member | 2008-09-08 | May 1965 | — |
| MILNES, Thomas Edward John | Llp Member | 2026-01-02 | Jan 1978 | — |
| MUSTAFA, Hashim Ala'A | Llp Member | 2026-01-02 | Jul 1985 | — |
| NAPIER, Russell Allen Richard | Llp Member | 2008-09-08 | Oct 1964 | — |
| OLDFIELD, Richard John | Llp Member | 2008-09-08 | Nov 1955 | — |
| REN, Fay Fei | Llp Member | 2026-01-06 | Feb 1989 | — |
| RICHARDS, Christopher David Alec | Llp Member | 2026-01-02 | Jun 1978 | — |
| RITTSON THOMAS, Rupert Oliver | Llp Member | 2008-09-08 | Mar 1963 | — |
| ROBINSON, George Edward Silvanus | Llp Member | 2008-09-08 | Nov 1956 | — |
| SIORAS, Ion | Llp Member | 2026-01-02 | Sep 1994 | — |
| SLOANE, Hugh Patrick | Llp Member | 2008-09-08 | Mar 1956 | — |
| SMITH, Martin Gregory, Sir | Llp Member | 2008-09-08 | Feb 1943 | — |
| ZHU, Jeny | Llp Member | 2026-01-02 | Jun 1984 | — |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HORNBY, Amanda St Clair | Llp Designated Member | 2007-03-06 | 2008-09-04 |
| SPENCE, James Barclay | Llp Designated Member | 2008-03-19 | 2025-12-31 |
| CHENEVIX TRENCH, Richard Thomas Chalmers | Llp Member | 2008-09-08 | 2024-05-31 |
| MORLAND, Nicholas Charles | Llp Member | 2008-09-08 | 2016-03-31 |
| SHAW, Fergus John Nicholas | Llp Member | 2014-12-01 | 2025-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr James Barclay Spence | Individual | voting-rights-25-to-50-percent-limited-liability-partnership | 2016-04-06 | Ceased 2025-12-31 |
| Mr Nicholas Michael Hornby | Individual | voting-rights-25-to-50-percent-limited-liability-partnership | 2016-04-06 | Active |
Filing timeline
Last 20 of 103 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-19 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2026-01-19 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2026-01-19 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2026-01-15 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2026-01-15 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2026-01-15 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2026-01-15 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2026-01-15 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2026-01-15 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2026-01-15 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2026-01-15 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2026-01-08 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2026-01-08 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2026-01-08 | LLPSC07 | persons-with-significant-control | Cessation of a person with significant control limited liability partnership | |
| 2025-11-12 | AA | accounts | Accounts with accounts type full | |
| 2025-03-06 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-06 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2024-08-02 | AA | accounts | Accounts with accounts type full | |
| 2024-03-06 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-28 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 15
- Capital events
- 0
- Officers appointed
- 11
- Officers resigned
- 2
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 2025-03-31 vs 2024-03-31
-
Turnover
-0.1%
£4,985,551 £4,978,798
-
Cash
+82.2%
£422,130 £769,118
-
Net assets
+1.4%
£1,449,010 £1,469,941
-
Employees
+3.2%
31 32
-
Operating profit
-17.3%
£1,326,911 £1,097,505
-
Profit before tax
-17.2%
£1,327,899 £1,099,252
-
Wages
+8.1%
£1,888,757 £2,042,566
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