THE TURQUOISE MOUNTAIN TRUST
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-04-07
Overdue
Watchouts
Cash
£2M
-17.8% vs 2023
Net assets
£8M
+54.5% vs 2023
Employees
356
+5.3% vs 2023
Profit before tax
—
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-04-07.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £87,139 | £116,846 | |
| Operating profit | — | — | |
| Profit before tax | — | — | |
| Net profit | £1,169,292 | £2,725,150 | |
| Cash | £2,627,192 | £2,159,560 | |
| Total assets less current liabilities | £5,002,638 | £7,727,788 | |
| Net assets | £5,002,638 | £7,727,788 | |
| Equity | £5,002,638 | £7,727,788 | |
| Average employees | 338 | 356 | |
| Wages | £6,431,856 | £7,184,409 |
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 |
|---|---|---|---|
| Net margin | 1341.9% | 2332.3% | |
| Gearing (liabilities / total assets) | 23.6% | 21.4% | |
| Current ratio | 4.08x | 4.55x |
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
- Moore Kingston Smith LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. The Group has reported net income of $3,676,227 (2023: net income of $1,519,364) for the year. The Trustees have assessed the charitable company's ability to continue as a going concern and have reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future.”
Group structure
- THE TURQUOISE MOUNTAIN TRUST · parent
- Turquoise Mountain Trading Limited 100%
- Turquoise Mountain for Heritage Preservation Training (LLC) 100%
Significant events
- “Work has continued despite the significant political change in August 2021, and all our services and programmes were up and running throughout 2024.”
- “2024 was very challenging for artisans in the West Bank, with the dramatic escalation of the war in Gaza and an increase in violence and restrictions in the West Bank, putting pressure on their lives and livelihoods.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TURCAN CONNELL COMPANY SECRETARIES LIMITED | Corporate Secretary | 2025-11-27 | — | — |
| CADOGAN, Edward Charles, The Rt Hon The Earl | Director | 2006-07-13 | May 1966 | British |
| COLLIS, Simon Paul | Director | 2021-03-03 | Feb 1956 | British |
| MARTIN-FISHER, Henrietta Kate Blaxland, Ms. | Director | 2016-09-16 | Aug 1978 | British |
| MITCHELL, Fraser Hamish Maclaine | Director | 2023-03-30 | Mar 1988 | British |
| PATEY, William Charters, Sir | Director | 2012-04-20 | Jul 1953 | British |
| SAID, Khaled Rida | Director | 2006-05-12 | Jan 1975 | British |
| SAMEE, Tamim | Director | 2009-03-10 | May 1963 | Afghan |
| STAGG, Richard, Sir | Director | 2015-04-14 | Sep 1955 | British |
| THANT MON, Thiri | Director | 2017-03-13 | Jan 1977 | Burmese |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| TURCAN CONNELL COMPANY SECRETARIES | Corporate Secretary | 2006-03-24 | 2025-11-27 |
| ASKARI, Hasan | Director | 2007-03-29 | 2008-05-06 |
| BEHARRELL, William Henry | Director | 2016-04-25 | 2017-06-12 |
| DE MENIL, Joy | Director | 2006-03-24 | 2012-03-24 |
| DWERRYHOUSE, Richard Mark | Director | 2011-06-30 | 2016-01-18 |
| FIRAS, Dana, H.R.H. Princess | Director | 2023-03-30 | 2026-01-20 |
| KEITH, Richard Maxwell | Director | 2006-05-12 | 2024-09-13 |
| SHEBBEARE, Tom, Sir | Director | 2006-03-24 | 2016-01-18 |
| SIDDIQI, Shirazuddin | Director | 2008-02-26 | 2011-03-02 |
| STEWART, Roderick James Nugent | Director | 2006-03-24 | 2010-05-11 |
| TUSA, John, Sir | Director | 2006-03-24 | 2023-09-21 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 100 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-06-09 CC04 Statement of companys objects
- 2023-06-09 MA Memorandum articles
- 2023-06-09 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-27 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-11-27 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-11-26 | CH01 | officers | Change person director company with change date | |
| 2025-10-08 | AA | accounts | Accounts with accounts type group | |
| 2025-04-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-16 | CH01 | officers | Change person director company with change date | |
| 2024-10-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-02 | AA | accounts | Accounts with accounts type group | |
| 2024-04-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-17 | AA | accounts | Accounts with accounts type group | |
| 2023-07-11 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-11 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-09 | CC04 | change-of-constitution | Statement of companys objects | |
| 2023-06-09 | MA | incorporation | Memorandum articles | |
| 2023-06-09 | RESOLUTIONS | resolution | Resolution | |
| 2023-04-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-19 | CH04 | officers | Change corporate secretary company with change date | |
| 2022-10-05 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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
+34.1%
£87,139 £116,846
-
Cash
-17.8%
£2,627,192 £2,159,560
-
Net assets
+54.5%
£5,002,638 £7,727,788
-
Employees
+5.3%
338 356
-
Wages
+11.7%
£6,431,856 £7,184,409
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