JOHNSTON CARMICHAEL WEALTH LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2025-02-28
Confirmation statement due
2027-03-06 (in 10mo)
Last made up 2026-02-20
Watchouts
Cash
£5M
Latest balance sheet
Net assets
£5M
Equity attributable
Employees
61
Average over period
Profit before tax
£845K
Period ending 2025-02-28
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The company was sold prior to the financial period end and the intention is to transfer all business relationships and trading activity to its immediate parent undertaking, Partners Wealth Management Solutions Limited, on 31 January 2026 and cease trading. As a result of these plans, the directors do not consider it appropriate to adopt the going concern basis of accounting in preparing these financial statements, which have instead been prepared on a basis other than going concern.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 2 times since incorporation
- JOHNSTON CARMICHAEL WEALTH LIMITED 2013-11-25 → present
- JOHNSTON CARMICHAEL FINANCIAL SERVICES LIMITED 2001-06-01 → 2013-11-25
- MORAY FIRTH FINANCIAL SERVICES LIMITED 1983-02-17 → 2001-06-01
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-02-28
| Metric | Trend | 2024-05-31 | 2025-02-28 |
|---|---|---|---|
| Turnover | £5,645,131 | £4,176,400 | |
| Operating profit | £1,391,837 | £746,212 | |
| Profit before tax | £1,471,710 | £845,002 | |
| Net profit | £1,103,303 | £632,781 | |
| Cash | £4,166,919 | £4,975,126 | |
| Total assets less current liabilities | £3,998,213 | £4,630,994 | |
| Net assets | £3,948,213 | £4,580,994 | |
| Equity | £3,948,213 | £4,580,994 | |
| Average employees | 64 | 61 | |
| Wages | £2,675,567 | £2,309,500 |
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 | 2025-02-28 |
|---|---|---|---|
| Operating margin | 24.7% | 17.9% | |
| Net margin | 19.5% | 15.2% | |
| Return on capital employed | 34.8% | 16.1% | |
| Current ratio | 5.56x | 4.49x | |
| Interest cover | 347.96x | 248.74x |
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
- Price Bailey LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The company was sold prior to the financial period end and the intention is to transfer all business relationships and trading activity to its immediate parent undertaking, Partners Wealth Management Solutions Limited, on 31 January 2026 and cease trading. As a result of these plans, the directors do not consider it appropriate to adopt the going concern basis of accounting in preparing these financial statements, which have instead been prepared on a basis other than going concern.”
Significant events
- “On 28 February 2025, the company was sold to Partners Wealth Management Solutions Limited.”
- “the intention is to transfer all business relationships and trading activity to its immediate parent undertaking, Partners Wealth Management Solutions Limited, on 31 January 2026 and cease trading.”
- “During the period, the company disposed of its interest in Moray Firth Trustees Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 28 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| INDIGO CORPORATE SECRETARY LIMITED | Corporate Secretary | 2025-02-28 | — | — |
| PROCTOR, Dean Michael | Director | 2025-04-14 | Aug 1971 | British |
| WALKER, Duncan Richard | Director | 2025-04-14 | Oct 1969 | British |
Show 28 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HORN, David Graeme | Secretary | 1990-03-21 | 1992-02-27 |
| MACHRAY, Patrick John | Secretary | 1992-02-27 | 2007-04-13 |
| MANSON, Alexander | Secretary | 2007-04-13 | 2014-01-17 |
| SHEPHERD, Andrew Watt | Secretary | 2014-01-17 | 2019-12-17 |
| SIMPSON, Peter Lewis | Secretary | — | 1990-03-21 |
| BAXTER, Angus Normile Elliot | Director | 2014-01-06 | 2014-09-30 |
| BURNETT, Graham | Director | 2007-02-07 | 2021-06-23 |
| CAMPBELL, James | Director | 2002-07-01 | 2010-03-19 |
| CARTER, Michael | Director | 2012-06-20 | 2021-06-23 |
| CLARK, Michael Fraser | Director | 2001-09-01 | 2016-05-27 |
| HENDRY, Craig Scott | Director | 2005-06-20 | 2025-04-14 |
| HOUSTON, Mark John | Director | 2017-11-16 | 2025-03-03 |
| JOHNSTON, Grenville Shaw, Lt Colonel | Director | — | 2001-07-31 |
| MACKENZIE, Duncan William | Director | 1999-01-11 | 2007-01-14 |
| MACPHERSON, Craig Alexander | Director | 2024-06-24 | 2024-06-24 |
| MACPHERSON, Craig Alexander | Director | 2017-11-16 | 2019-05-03 |
| MAGILL, Andrew William Brown | Director | 1997-04-01 | 2003-04-30 |
| MANSON, Alexander Philip | Director | 2014-01-06 | 2022-05-31 |
| MARJORIBANKS, Jeffrey Graham | Director | 2024-06-24 | 2024-06-24 |
| MILLICAN, Shaun Stanley | Director | 2024-06-24 | 2024-06-24 |
| ROGERS, Helen | Director | 2017-01-01 | 2021-06-23 |
| SCLATER, Nigel William Lutley | Director | — | 1997-03-31 |
| SHEPHERD, Andrew Watt | Director | 2010-09-14 | 2014-01-06 |
| SHEPHERD, Andrew Watt | Director | 1999-06-06 | 2002-07-01 |
| SMITH, Neil James | Director | 1999-06-06 | 2015-11-06 |
| SUTHERLAND, Fiona Kathleen | Director | 1997-04-01 | 1999-11-05 |
| WALKER, Andrew Gordon | Director | 2016-07-12 | 2024-06-24 |
| WALKER, Lynne | Director | 2024-06-24 | 2025-02-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Partners Wealth Management Solutions Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2025-02-28 | Active |
| Johnston Carmichael Llp | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2025-02-28 |
Filing timeline
Last 20 of 202 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-03-11 MA Memorandum articles
- 2025-03-11 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-15 | AA01 | accounts | Change account reference date company current shortened | |
| 2025-12-01 | AA | accounts | Accounts with accounts type full | |
| 2025-04-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-11 | MA | incorporation | Memorandum articles | |
| 2025-03-11 | RESOLUTIONS | resolution | Resolution | |
| 2025-03-11 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-03-10 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-03-10 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-03-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-06 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-02-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-28 | CH01 | officers | Change person director company with change date | |
| 2025-01-09 | AA | accounts | Accounts with accounts type full | |
| 2024-07-31 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-31 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-31 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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 2025-02-28 vs 2024-05-31