DOWNING GROUP LLP
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-11-27 (in 6mo)
Last made up 2025-11-13
Watchouts
Cash
£17M
Latest balance sheet
Net assets
£24M
Equity attributable
Employees
249
Average over period
Profit before tax
£11M
Period ending 2025-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-05-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £47,093,000 | £43,327,000 | |
| Operating profit | £9,519,000 | £10,086,000 | |
| Profit before tax | £10,336,000 | £11,195,000 | |
| Net profit | £10,336,000 | £11,195,000 | |
| Cash | £14,508,000 | £17,457,000 | |
| Total assets less current liabilities | £24,075,000 | £24,208,000 | |
| Net assets | £24,075,000 | £23,795,000 | |
| Equity | £24,075,000 | £23,795,000 | |
| Average employees | 190 | 249 | |
| Wages | £22,028,000 | £19,046,000 |
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 | 2024-05-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 20.2% | 23.3% | |
| Net margin | 21.9% | 25.8% | |
| Return on capital employed | 39.5% | 41.7% | |
| Current ratio | 2.62x | 2.59x |
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
- Lubbock Fine LLP
- 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 Group's or the parent LLP's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- DOWNING GROUP LLP · parent
- Downing LLP 100%
- Downing European Investors LLP* 98%
- Downing Global LLP* 98%
- Downing UK Unique Investors LLP* 98%
- Infram LLP 100%
- Infram Sweden AB* 100%
- Downing Renewable Developments LLP 100%
- DRD Development Finland Oy* 100%
- DRD Projects Oy* 100%
- Suitian Aurinkovoima Oy* 100%
- Downing Renewable Developments Sweden AB* 100%
- Downing Renewable Developments GridCo Sweden AB* 100%
- Downing Renewable Developments Projects Sweden AB* 100%
- Downing Liquid Alternatives LLP* 100%
- Downing Corporate Services LLP 100%
- Downing Fox LLP* 98%
- Downing Nuclear Healthcare LLP* 98%
- Magnus Carbon Trading LLP 100%
- Arbroath Energy Storage Park Limited** 100%
- Ashbrooke Lane Energy Storage Park Limited** 100%
- Caergarw Green Energy Park Limited** 100%
- Clos yr Efail Energy Storage Park Limited** 100%
- Cupar Energy Storage Park Limited** 100%
- Downing Renewable Developments Grid Co Limited* 100%
- DRD-Hanwha Development Company Limited** 100%
- DRD SPV BESS 2 Limited** 100%
- DRD SPV Solar 1 Limited** 100%
- DRD SPV Solar 2 Limited** 100%
- Edwin Richards Energy Storage Park Limited** 100%
- Fair Park Solar Limited** 100%
- Freeby Lane Green Energy Park Limited** 100%
- Greengairs Wind Energy Park Limited** 100%
- Green Earth Solar Farm Limited** 100%
- Green Lane Solar Park Limited** 100%
- Heanor Energy Storage Park Limited** 100%
- Kegworth Energy Storage Park Limited** 100%
- Keith Energy Storage Park Limited** 100%
- Kingsway Solar Farm Limited** 100%
- Kitwell Energy Storage Park Limited** 100%
- Limes Farm Solar Park Limited** 100%
- Lumby Energy Storage Park Limited** 100%
- Meridian Solar Farm Limited** 100%
- Sheenhill Solar Farm Limited** 100%
- Springbank Energy Storage Park Limited** 100%
- Sutton Courtney Energy Storage Park Limited** 100%
Significant events
- “During the period under review the Group completed the sale of its healthcare ventures investment business. The sale of this business allows the LLP to strategically concentrate on its Energy and Infrastructure Private Equity and Private Credit divisions alongside its quoted funds.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
22 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CORBALLY, Colin George Eric | Llp Designated Member | 2022-05-31 | Nov 1968 | — |
| LEWIS, Nicholas Peter | Llp Designated Member | 2022-05-31 | Oct 1955 | — |
| LEWIS, Rowan Jane | Llp Designated Member | 2022-05-31 | Apr 1958 | — |
| MCGING, Tony Michael | Llp Designated Member | 2022-01-17 | Jun 1965 | — |
| DOWNING CORPORATE FINANCE LIMITED | Corporate Llp Designated Member | 2022-05-31 | — | — |
| ALLNER, Christopher Charles | Llp Member | 2022-05-31 | Dec 1959 | — |
| BOSS, Jonathan Robin | Llp Member | 2022-05-31 | Jul 1969 | — |
| CALLCUT, Laurence | Llp Member | 2022-05-31 | Aug 1958 | — |
| CHANDRA, Parik | Llp Member | 2022-05-31 | Jul 1979 | — |
| DUNN, Mark | Llp Member | 2024-06-01 | Jan 1972 | — |
| GROSS, Mark Daniel | Llp Member | 2022-05-31 | Nov 1978 | — |
| HOWE, Andrew | Llp Member | 2022-05-31 | Sep 1970 | — |
| MACKENZIE, Judith Anne | Llp Member | 2022-05-31 | Aug 1972 | — |
| MANOLIS, Konstantinos | Llp Member | 2022-05-31 | Dec 1974 | — |
| MOORE, Thomas William | Llp Member | 2022-05-31 | Jul 1985 | — |
| NAYLOR, Peter | Llp Member | 2022-01-17 | Aug 1982 | — |
| PATEL, Shruti | Llp Member | 2022-05-31 | Feb 1982 | — |
| PRIEST, Nicholas John | Llp Member | 2022-06-01 | Nov 1978 | — |
| SANDERS, Anne | Llp Member | 2022-05-31 | Feb 1973 | — |
| SIME, Tony | Llp Member | 2022-05-31 | May 1973 | — |
| WEAVER, James Alexander | Llp Member | 2022-05-31 | May 1982 | — |
| WILLIAMS, Tom Sean | Llp Member | 2022-05-31 | Oct 1975 | — |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WHITEHOUSE, Grant Leslie | Llp Designated Member | 2022-05-31 | 2024-01-31 |
| EADIE, Jack Thomas | Llp Member | 2022-05-31 | 2022-07-03 |
| LEWIS, Richard Alun | Llp Member | 2022-05-31 | 2022-07-03 |
| MILAD, John Eric | Llp Member | 2023-01-03 | 2023-11-17 |
| PITCHFORD, Nigel Aaron | Llp Member | 2022-06-20 | 2024-01-09 |
| ROBERTSON, Martin Gordon | Llp Member | 2022-05-31 | 2023-05-31 |
| SMITH, Karl Ben | Llp Member | 2023-06-01 | 2024-05-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs Rowan Jane Lewis | Individual | voting-rights-25-to-50-percent-limited-liability-partnership, right-to-share-surplus-assets-25-to-50-percent-limited-liability-partnership | 2022-05-31 | Ceased 2024-05-31 |
| Mr Nicholas Peter Lewis | Individual | voting-rights-25-to-50-percent-limited-liability-partnership, right-to-share-surplus-assets-25-to-50-percent-limited-liability-partnership | 2022-05-31 | Ceased 2024-05-31 |
| Mr Tony Michael Mcging | Individual | voting-rights-75-to-100-percent-limited-liability-partnership, right-to-share-surplus-assets-75-to-100-percent-limited-liability-partnership, right-to-appoint-and-remove-members-limited-liability-partnership | 2022-01-17 | Ceased 2022-05-31 |
Filing timeline
Last 20 of 74 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-02 | AA | accounts | Accounts with accounts type group | |
| 2025-11-13 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-15 | LLAP01 | officers | Appoint person member limited liability partnership with appointment date | |
| 2025-03-26 | LLAA01 | accounts | Change account reference date limited liability partnership current shortened | |
| 2025-02-10 | AA | accounts | Accounts with accounts type group | |
| 2025-01-23 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-23 | LLPSC08 | persons-with-significant-control | Notification of a person with significant control statement limited liability partnership | |
| 2025-01-07 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2025-01-06 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2025-01-06 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2025-01-06 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2025-01-06 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2025-01-06 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2025-01-06 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2025-01-06 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2025-01-06 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2025-01-06 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2025-01-06 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2025-01-06 | LLCH01 | officers | Change person member limited liability partnership with name change date | |
| 2025-01-06 | 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
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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 2024-05-31