ANCALA PARTNERS LLP
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-09-02 (in 4mo)
Last made up 2025-08-19
Watchouts
Cash
£12M
-28% vs 2024
Net assets
£15M
-24.6% vs 2024
Employees
12
+20% vs 2024
Profit before tax
£22M
-6.3% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
10 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Name history
Renamed 2 times since incorporation
- ANCALA PARTNERS LLP 2010-10-26 → present
- ANCALA ADVISERS LLP 2010-10-12 → 2010-10-26
- LACANN CAPITAL LLP 2010-08-06 → 2010-10-12
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 | £33,768,920 | £29,641,155 | |
| Operating profit | £22,794,000 | £21,579,633 | |
| Profit before tax | £23,010,193 | £21,568,874 | |
| Net profit | £18,652,413 | £13,066,095 | |
| Cash | £16,494,186 | £11,881,270 | |
| Total assets less current liabilities | £19,452,413 | £14,666,095 | |
| Net assets | £19,452,413 | £14,666,095 | |
| Equity | £19,452,413 | £14,666,095 | |
| Average employees | 10 | 12 | |
| Wages | £1,126,092 | £2,010,621 |
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 | 67.5% | 72.8% | |
| Net margin | 55.2% | 44.1% | |
| Return on capital employed | 117.2% | 147.1% | |
| Current ratio | 8.00x | 5.80x | |
| Interest cover | 229.89x | 118.34x |
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
- Consolidated group
- Auditor
- Nigel Wilson & Co
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the members' 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 entity's ability to continue as a going concern for a period of at least twelve months from when the original financial statements are authorised for issue.”
Group structure
- ANCALA PARTNERS LLP · parent
- Ancala European Infrastructure II GP LLP 100%
- Ancala Midstream I GP LLP 100%
- Ancala Midstream II GP LLP 100%
- Ancala European Infrastructure III GP LLP 100%
- Ancala UK Infrastructure 1 LP 100%
- Ancala Utilities I GP LLP 100%
- Ancala UK Infrastructure B GP LLP 100%
- Ancala UK Infrastructure A GP LLP 100%
- Ancala GP 2 LLP 100%
- Magma Co-Investment GP LLP 100%
- Woodpecker Co-Investment GP LLP 100%
- Ancala Pure LLP 100%
- Atlas Co-Investment GP LLP 100%
- Ancala Essential Growth Infrastructure GP LLP 100%
- Ancala Essential Growth Infrastructure FP GP LLP 100%
- Ancala FP Limited 100%
- Ancala Member Limited 100%
- SW (AEI II) Limited 100%
- Ancala GP SARL 100%
- Ancala Partners LLC 100%
- Ancala Infrastructure Fund II GP SARL 100%
- Ancala Infrastructure Fund III GP SARL 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
36 active · 41 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CLUNIE, Nicolette | Llp Designated Member | 2010-08-06 | Mar 1972 | — |
| CLUNIE, Spence Matthew | Llp Designated Member | 2010-08-06 | Oct 1972 | — |
| AJMERA, Ankur | Llp Member | 2016-10-04 | Aug 1984 | — |
| ALDRIDGE, Nick | Llp Member | 2023-10-02 | Aug 1995 | — |
| BOUCINHA, Gregoire | Llp Member | 2025-11-10 | Jan 1998 | — |
| CISINSKA, Weronika | Llp Member | 2025-08-26 | Jan 2000 | — |
| CUAYGONG, Danielle | Llp Member | 2024-09-02 | Aug 1998 | — |
| CULLITY, Hal | Llp Member | 2024-11-04 | Dec 1991 | — |
| DE COMBRET, Marguerite | Llp Member | 2022-12-05 | Sep 1986 | — |
| DE RIVAZ, Nick | Llp Member | 2022-09-05 | Dec 1992 | — |
| DELIGIANNIS, Christos | Llp Member | 2026-02-02 | Dec 2000 | — |
| DOLENEC, Karen Lee | Llp Member | 2017-10-02 | Feb 1973 | — |
| GAWRON, Agnieszka | Llp Member | 2024-07-29 | Jul 1988 | — |
| HAWLEY, Thomas | Llp Member | 2025-11-10 | Jul 1999 | — |
| HEGARTY, Michael | Llp Member | 2023-11-02 | Aug 1990 | — |
| HOUGH, Ashley Patrick Roderick | Llp Member | 2019-01-28 | Apr 1983 | — |
| JORDANOV, Evgeni | Llp Member | 2024-07-18 | May 1979 | — |
| LEE EVANS, Chris | Llp Member | 2017-08-14 | Mar 1992 | — |
| MCGRATH, Joseph Samuel | Llp Member | 2026-02-02 | May 2001 | — |
| MELLOR, Lee Stephen | Llp Member | 2014-04-01 | Jan 1984 | — |
| MUSCAT, Jayden | Llp Member | 2024-01-11 | Aug 1995 | — |
| NIU, Mei | Llp Member | 2016-02-01 | Dec 1972 | — |
| NIXON, Duncan Mckenzie | Llp Member | 2023-11-13 | Jan 1998 | — |
| OWENS, David William | Llp Member | 2026-04-01 | Apr 1952 | — |
| PIERRU, Frederick | Llp Member | 2024-11-04 | Nov 1973 | — |
| POLITIS, Tasso Lykurgos | Llp Member | 2020-01-13 | Sep 1988 | — |
| POWER, Timothy Michael | Llp Member | 2015-11-30 | Oct 1986 | — |
| ROTONDELLA, Luke Nicholas | Llp Member | 2019-01-07 | Mar 1986 | — |
| TATAM, Oliver James | Llp Member | 2017-12-18 | Apr 1990 | — |
| TONER, Sean | Llp Member | 2022-08-08 | Apr 1994 | — |
| TSAI, Chin-Ting Abby | Llp Member | 2026-03-02 | Jun 1996 | — |
| VIZARD-WILLIAMS, Daniel | Llp Member | 2025-09-22 | Aug 2000 | — |
| XU, Kevin | Llp Member | 2024-11-04 | Feb 1997 | — |
| LACANN 2 LIMITED | Corporate Llp Member | 2024-09-24 | — | — |
| LACANN LIMITED | Corporate Llp Member | 2024-09-24 | — | — |
| VONTOBEL ASSET MANAGEMENT UK 2 HOLDINGS LIMITED | Corporate Llp Member | 2024-07-01 | — | — |
Show 41 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LACANN LIMITED | Corporate Llp Designated Member | 2010-08-06 | 2010-08-06 |
| ARAHNCHIAGUE, Francois-Xavier Marie Gabriel | Llp Member | 2014-12-02 | 2017-12-21 |
| ARCE, Daniel | Llp Member | 2024-08-19 | 2025-06-18 |
| BACON, Daniel Imbroinisi | Llp Member | 2015-07-20 | 2019-04-16 |
| BALICE, Nicolo | Llp Member | 2022-08-30 | 2025-08-08 |
| BENLEMLIH, Khalil | Llp Member | 2013-08-12 | 2015-06-12 |
| BRICE, Oliver Robert | Llp Member | 2016-03-21 | 2017-08-25 |
| BURKE, James Philip Alexander | Llp Member | 2020-09-21 | 2024-06-26 |
| CRISTINA, Federica | Llp Member | 2012-03-22 | 2014-11-26 |
| CROMBLEHOLME, Tom | Llp Member | 2021-10-25 | 2025-06-24 |
| FAN-BRADLEY, Monica | Llp Member | 2024-02-19 | 2024-11-27 |
| FUCHS, Roger Rolf | Llp Member | 2022-09-20 | 2025-11-14 |
| GERRITSEN, Vincent | Llp Member | 2014-06-01 | 2019-08-29 |
| GOTTSCHALK, Philip | Llp Member | 2015-06-02 | 2015-12-31 |
| HARANT, Pierre-Edouard Nicolas | Llp Member | 2014-04-01 | 2015-07-17 |
| HARANT, Pierre-Edouard Nicolas | Llp Member | 2010-12-07 | 2013-03-08 |
| HERRIOTT, Charles William Grant | Llp Member | 2017-08-29 | 2018-11-02 |
| HILDEBERT, Vincent | Llp Member | 2020-09-28 | 2022-06-30 |
| KRUZITE, Annija | Llp Member | 2016-12-01 | 2017-07-31 |
| KUCINSKAS, Karolis | Llp Member | 2020-06-09 | 2022-10-28 |
| LEJEUNE, Mathias | Llp Member | 2021-07-12 | 2023-01-06 |
| LOEWENTHAL, Enrico | Llp Member | 2019-11-04 | 2022-07-05 |
| MAISURIA, Dilan | Llp Member | 2024-10-07 | 2025-06-27 |
| MELLOR, Lee Stephen | Llp Member | 2010-12-07 | 2013-03-08 |
| MONONEN, Olli Tapani | Llp Member | 2022-10-17 | 2025-09-02 |
| ORELLANA, Jose | Llp Member | 2022-04-25 | 2024-07-01 |
| OWENS, David William | Llp Member | 2016-05-24 | 2024-12-31 |
| PAPAIACOVOU, Michael | Llp Member | 2016-05-03 | 2022-07-27 |
| RIDLEY, Nick | Llp Member | 2025-07-01 | 2025-11-27 |
| ROYOUX, Helene | Llp Member | 2017-01-18 | 2020-01-23 |
| SANTOS, Margarida | Llp Member | 2021-04-19 | 2022-02-16 |
| SCHWENGBER, Sebastian | Llp Member | 2024-06-03 | 2026-03-13 |
| SERILAS, Charles Paul Michel | Llp Member | 2022-03-21 | 2023-03-02 |
| SILLANPAA, Juhani | Llp Member | 2021-08-25 | 2023-06-30 |
| SLIM, Joseph | Llp Member | 2023-11-27 | 2025-07-31 |
| STATELOVA, Sandra | Llp Member | 2022-05-09 | 2023-08-14 |
| STEVENS, Sam | Llp Member | 2018-04-03 | 2021-02-16 |
| WILLIAMS, Allison | Llp Member | 2022-12-05 | 2025-09-12 |
| LACANN LIMITED | Corporate Llp Member | 2011-08-07 | 2015-03-26 |
| MORSLEELLP | Corporate Llp Member | 2013-03-08 | 2014-04-01 |
| TWOPED LLP | Corporate Llp Member | 2013-03-08 | 2014-04-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lacann Limited | Corporate entity | voting-rights-25-to-50-percent-limited-liability-partnership, right-to-share-surplus-assets-25-to-50-percent-limited-liability-partnership | 2024-09-24 | Active |
| Vontobel Asset Management Uk 2 Holdings Limited, | Corporate entity | voting-rights-25-to-50-percent-limited-liability-partnership, right-to-share-surplus-assets-25-to-50-percent-limited-liability-partnership | 2024-07-01 | Active |
| Nicolette Clunie | Individual | voting-rights-25-to-50-percent-limited-liability-partnership, right-to-share-surplus-assets-25-to-50-percent-limited-liability-partnership | 2016-04-06 | Ceased 2017-11-08 |
| Mr Spence Matthew Clunie | Individual | right-to-appoint-and-remove-members-limited-liability-partnership | 2016-04-06 | Active |
Filing timeline
Last 20 of 231 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-23 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2026-04-11 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2026-04-09 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2026-04-09 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2026-03-16 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2025-12-07 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2025-12-07 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2025-11-13 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2025-11-13 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2025-09-26 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2025-09-23 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2025-09-17 | AA | accounts | Accounts with accounts type group | |
| 2025-09-10 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2025-09-03 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2025-09-03 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2025-08-26 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-14 | LLPSC05 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2025-08-13 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2025-08-13 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2025-07-09 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 0
- Officers appointed
- 8
- Officers resigned
- 10
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
-12.2%
£33,768,920 £29,641,155
-
Cash
-28%
£16,494,186 £11,881,270
-
Net assets
-24.6%
£19,452,413 £14,666,095
-
Employees
+20%
10 12
-
Operating profit
-5.3%
£22,794,000 £21,579,633
-
Profit before tax
-6.3%
£23,010,193 £21,568,874
-
Wages
+78.5%
£1,126,092 £2,010,621
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