TRUE POTENTIAL ADMINISTRATION LLP
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-03 (in 10mo)
Last made up 2026-02-17
Watchouts
None on the register
Cash
£7M
-0.9% vs 2023
Net assets
£19M
+6.4% vs 2023
Employees
22
+10% vs 2023
Profit before tax
£30M
+360% vs 2023
Name history
Renamed 1 time since incorporation
- TRUE POTENTIAL ADMINISTRATION LLP 2020-03-17 → present
- TRUE POTENTIAL PROJECTS LLP 2019-02-18 → 2020-03-17
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £153,352,000 | £178,009,000 | |
| Operating profit | £6,114,000 | £29,091,000 | |
| Profit before tax | £6,466,000 | £29,741,000 | |
| Net profit | £5,973,000 | £29,135,000 | |
| Cash | £6,838,000 | £6,774,000 | |
| Total assets less current liabilities | £17,769,000 | £18,904,000 | |
| Net assets | £17,769,000 | £18,904,000 | |
| Equity | £17,769,000 | £18,904,000 | |
| Average employees | 20 | 22 | |
| Wages | £634,000 | £938,000 |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 4.0% | 16.3% | |
| Net margin | 3.9% | 16.4% | |
| Return on capital employed | 34.4% | 153.9% | |
| Current ratio | 4.70x | 2.39x |
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
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Partnership's business model has enabled the Partnership to continue strongly over the year ended 31 December 2024. The financial statements for 2024 show a net asset position of £18.9m (2023: net assets £17.8m). The current available cash as at 31 December 2024 and the profitability of the business gives the Members confidence that there are sufficient resources available to meet ongoing operational and capital requirements.”
Significant events
- “Exceptional costs of £0.4m include £0.2m of fees following the transition from Northern Trust to HSBC as fund depositories and custodian. The remaining other exceptional items include one-off severance and sign-on bonuses, as well as historic VAT payable on both overseas supplies and intergroup transactions.”
- “On 12 February 2025 the Partnership distributed profits of £5.0m using cash to the Holding Member.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JOWITT, Henrietta | Llp Designated Member | 2024-11-28 | Jul 1959 | — |
| TRUE POTENTIAL LLP | Corporate Llp Designated Member | 2019-02-18 | — | — |
| LAVER, Fiona Alison | Llp Member | 2023-05-04 | Jul 1967 | — |
| MARTIN, James Michael | Llp Member | 2020-03-05 | Jun 1960 | — |
| WEBSTER, Helen Margaret | Llp Member | 2026-02-18 | Mar 1971 | — |
| WHITE, Simon Peter | Llp Member | 2022-01-04 | Aug 1958 | — |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COWARD, Peter John | Llp Designated Member | 2019-03-07 | 2025-08-01 |
| JOHNSON, Neil Andrew | Llp Designated Member | 2019-02-18 | 2023-02-28 |
| DUNNE, Clara | Llp Member | 2020-11-05 | 2021-12-31 |
| FINCH, Thomas William | Llp Member | 2022-11-28 | 2023-12-15 |
| HENDERSON, Mark | Llp Member | 2019-03-07 | 2020-03-29 |
| MATHIESON, Stuart David | Llp Member | 2019-03-07 | 2020-09-10 |
| MCDONALD, Keith William | Llp Member | 2019-03-07 | 2024-12-31 |
| MONTGOMERY, Christine Ann | Llp Member | 2022-01-04 | 2022-12-21 |
| PEEBLES, George Adam | Llp Member | 2019-03-07 | 2020-03-29 |
| SHEARING, Brian Charles | Llp Member | 2019-03-07 | 2024-12-20 |
| TAYLOR, Richard | Llp Member | 2023-02-28 | 2023-02-28 |
| WALLACE, Iain Paul | Llp Member | 2024-07-17 | 2025-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Neil Andrew Johnson | Individual | voting-rights-25-to-50-percent-limited-liability-partnership, right-to-share-surplus-assets-25-to-50-percent-limited-liability-partnership | 2019-02-18 | Ceased 2019-02-28 |
| True Potential Llp | Corporate entity | right-to-share-surplus-assets-75-to-100-percent-limited-liability-partnership, right-to-appoint-and-remove-members-limited-liability-partnership | 2019-02-18 | Active |
Filing timeline
Last 20 of 55 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-30 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-26 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2026-02-02 | LLPSC05 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2026-01-06 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2025-09-22 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2025-09-22 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2025-09-17 | AA | accounts | Accounts with accounts type full | |
| 2025-02-28 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-02 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2024-12-27 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2024-12-11 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2024-07-17 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2024-06-23 | AA | accounts | Accounts with accounts type full | |
| 2024-06-10 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2024-06-10 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2024-06-10 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2024-06-10 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2024-06-10 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2024-06-10 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2024-03-18 | LLCH01 | officers | Change person member limited liability partnership with name change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 1
- 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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+16.1%
£153,352,000 £178,009,000
-
Cash
-0.9%
£6,838,000 £6,774,000
-
Net assets
+6.4%
£17,769,000 £18,904,000
-
Employees
+10%
20 22
-
Operating profit
+375.8%
£6,114,000 £29,091,000
-
Profit before tax
+360%
£6,466,000 £29,741,000
-
Wages
+47.9%
£634,000 £938,000
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