troy asset management limited
troy asset management limited Company Information
Company Number
03930846
Next Accounts
Jan 2026
Industry
Fund management activities
Shareholders
ocorian limited - acting in its capacity as bare trustee & nominee
undisclosed
View AllGroup Structure
View All
Contact
Registered Address
33 davies street, london, W1K 4BP
Website
http://www.taml.co.uktroy asset management limited Estimated Valuation
Pomanda estimates the enterprise value of TROY ASSET MANAGEMENT LIMITED at £220.1m based on a Turnover of £95.7m and 2.3x industry multiple (adjusted for size and gross margin).
troy asset management limited Estimated Valuation
Pomanda estimates the enterprise value of TROY ASSET MANAGEMENT LIMITED at £193.1m based on an EBITDA of £21m and a 9.21x industry multiple (adjusted for size and gross margin).
troy asset management limited Estimated Valuation
Pomanda estimates the enterprise value of TROY ASSET MANAGEMENT LIMITED at £25.4m based on Net Assets of £25.2m and 1.01x industry multiple (adjusted for liquidity).
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Troy Asset Management Limited Overview
Troy Asset Management Limited is a live company located in london, W1K 4BP with a Companies House number of 03930846. It operates in the fund management activities sector, SIC Code 66300. Founded in February 2000, it's largest shareholder is ocorian limited - acting in its capacity as bare trustee & nominee with a 51.3% stake. Troy Asset Management Limited is a mature, large sized company, Pomanda has estimated its turnover at £95.7m with declining growth in recent years.
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Troy Asset Management Limited Health Check
Pomanda's financial health check has awarded Troy Asset Management Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
3 Weak
Size
annual sales of £95.7m, make it larger than the average company (£3.3m)
£95.7m - Troy Asset Management Limited
£3.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (4.9%)
-1% - Troy Asset Management Limited
4.9% - Industry AVG
Production
with a gross margin of 95.3%, this company has a comparable cost of product (95.3%)
95.3% - Troy Asset Management Limited
95.3% - Industry AVG
Profitability
an operating margin of 21.3% make it more profitable than the average company (8.7%)
21.3% - Troy Asset Management Limited
8.7% - Industry AVG
Employees
with 47 employees, this is above the industry average (10)
47 - Troy Asset Management Limited
10 - Industry AVG
Pay Structure
on an average salary of £998.6k, the company has a higher pay structure (£167.4k)
£998.6k - Troy Asset Management Limited
£167.4k - Industry AVG
Efficiency
resulting in sales per employee of £2m, this is more efficient (£344.5k)
£2m - Troy Asset Management Limited
£344.5k - Industry AVG
Debtor Days
it gets paid by customers after 35 days, this is near the average (29 days)
35 days - Troy Asset Management Limited
29 days - Industry AVG
Creditor Days
its suppliers are paid after 309 days, this is slower than average (56 days)
309 days - Troy Asset Management Limited
56 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Troy Asset Management Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 74 weeks, this is more cash available to meet short term requirements (52 weeks)
74 weeks - Troy Asset Management Limited
52 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 51.7%, this is a higher level of debt than the average (39.3%)
51.7% - Troy Asset Management Limited
39.3% - Industry AVG
TROY ASSET MANAGEMENT LIMITED financials
Troy Asset Management Limited's latest turnover from April 2024 is £95.7 million and the company has net assets of £25.2 million. According to their latest financial statements, Troy Asset Management Limited has 47 employees and maintains cash reserves of £38.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 95,710,000 | 108,030,000 | 107,787,000 | 99,472,000 | 83,578,000 | 73,040,000 | 81,634,000 | 70,024,000 | 53,313,000 | 46,769,000 | 42,060,267 | 36,402,835 | 23,336,327 | 12,691,780 | 7,212,074 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | 20,382,000 | 42,991,000 | 43,908,000 | 41,075,000 | 33,646,000 | 29,722,000 | 35,034,000 | 29,946,000 | 22,664,000 | 19,666,000 | 18,303,531 | 15,971,222 | 9,854,829 | 5,032,039 | 2,564,498 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 2,235,000 | 845,000 | 57,000 | 31,000 | 250,000 | 217,000 | 201,000 | 139,000 | 120,000 | 104,000 | 93,123 | 81,515 | 53,321 | 17,643 | 9,008 |
| Pre-Tax Profit | 22,617,000 | 43,836,000 | 43,965,000 | 41,106,000 | 33,896,000 | 29,989,000 | 35,247,000 | 30,282,000 | 22,718,000 | 19,770,000 | 18,396,654 | 16,052,737 | 9,908,150 | 5,049,682 | 2,757,948 |
| Tax | -5,992,000 | -8,362,000 | -8,192,000 | -7,900,000 | -6,567,000 | -5,645,000 | -6,602,000 | -6,054,000 | -4,674,000 | -3,983,000 | -3,511,934 | -2,868,837 | -2,451,961 | -1,441,333 | -789,552 |
| Profit After Tax | 16,625,000 | 35,474,000 | 35,773,000 | 33,206,000 | 27,329,000 | 24,344,000 | 28,645,000 | 24,228,000 | 18,044,000 | 15,787,000 | 14,884,720 | 13,183,900 | 7,456,189 | 3,608,349 | 1,968,396 |
| Dividends Paid | 17,319,000 | 31,976,000 | 31,166,000 | 28,851,000 | 26,933,000 | 27,601,000 | 22,605,000 | 4,396,000 | 13,535,000 | 10,784,000 | 6,781,460 | 4,748,474 | 3,110,771 | 0 | 1,336,435 |
| Retained Profit | -694,000 | 3,498,000 | 4,607,000 | 4,355,000 | 396,000 | -3,257,000 | 6,040,000 | 19,832,000 | 4,509,000 | 5,003,000 | 8,103,260 | 8,435,426 | 4,345,418 | 3,608,349 | 631,961 |
| Employee Costs | 46,933,000 | 52,287,000 | 51,555,000 | 47,491,000 | 40,638,000 | 35,168,000 | 40,431,000 | 35,134,000 | 25,939,000 | 22,475,000 | 20,707,514 | 17,964,938 | 11,442,095 | 6,265,819 | 3,493,885 |
| Number Of Employees | 47 | 46 | 42 | 38 | 36 | 33 | 31 | 28 | 24 | 21 | 19 | 17 | 14 | 12 | 10 |
| EBITDA* | 20,967,000 | 43,559,000 | 44,445,000 | 41,287,000 | 33,797,000 | 29,984,000 | 35,244,000 | 30,142,000 | 22,865,000 | 19,788,000 | 18,377,057 | 16,084,219 | 9,979,331 | 5,137,104 | 2,622,073 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 421,000 | 898,000 | 1,282,000 | 1,485,000 | 108,000 | 191,000 | 293,000 | 419,000 | 556,000 | 727,000 | 86,691 | 108,171 | 156,542 | 236,668 | 283,340 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 288,000 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 421,000 | 898,000 | 1,282,000 | 1,485,000 | 108,000 | 191,000 | 293,000 | 419,000 | 556,000 | 1,015,000 | 86,691 | 108,171 | 156,542 | 236,668 | 283,340 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 9,201,000 | 10,912,000 | 10,929,000 | 10,434,000 | 9,191,000 | 7,080,000 | 12,803,000 | 7,741,000 | 5,920,000 | 5,409,000 | 4,688,239 | 4,922,506 | 3,518,458 | 2,855,236 | 1,062,080 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,774,000 | 2,668,000 | 4,021,000 | 3,625,000 | 1,343,000 | 775,000 | 619,000 | 671,000 | 1,083,000 | 439,000 | 125,800 | 147,349 | 114,273 | 114,139 | 183,106 |
| Cash | 38,730,000 | 51,567,000 | 36,404,000 | 56,966,000 | 51,177,000 | 51,051,000 | 57,043,000 | 38,725,000 | 17,607,000 | 20,037,000 | 15,604,021 | 11,723,225 | 8,976,870 | 5,333,954 | 2,766,612 |
| misc current assets | 1,024,000 | 20,072,000 | 10,004,000 | 10,000 | 7,000 | 7,000 | 2,150,000 | 2,134,000 | 1,934,000 | 3,000 | 2,085,932 | 2,213,000 | 2,061,104 | 0 | 0 |
| total current assets | 51,729,000 | 85,219,000 | 61,358,000 | 71,035,000 | 61,718,000 | 58,913,000 | 72,615,000 | 49,271,000 | 26,544,000 | 25,888,000 | 22,503,992 | 19,006,080 | 14,670,705 | 8,303,329 | 4,011,798 |
| total assets | 52,150,000 | 86,117,000 | 62,640,000 | 72,520,000 | 61,826,000 | 59,104,000 | 72,908,000 | 49,690,000 | 27,100,000 | 26,903,000 | 22,590,683 | 19,114,251 | 14,827,247 | 8,539,997 | 4,295,138 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,850,000 | 144,000 | 230,000 | 204,000 | 191,000 | 160,000 | 136,000 | 128,000 | 86,000 | 117,000 | 86,979 | 131,513 | 104,029 | 97,917 | 83,318 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 23,125,000 | 26,460,000 | 7,900,000 | 24,541,000 | 20,793,000 | 19,591,000 | 22,250,000 | 6,809,000 | 4,630,000 | 3,681,000 | 4,111,537 | 3,506,537 | 3,370,188 | 1,715,772 | 1,239,483 |
| total current liabilities | 26,975,000 | 26,604,000 | 8,130,000 | 24,745,000 | 20,984,000 | 19,751,000 | 22,386,000 | 6,937,000 | 4,716,000 | 3,798,000 | 4,198,516 | 3,638,050 | 3,474,217 | 1,813,689 | 1,322,801 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 26,975,000 | 26,604,000 | 8,130,000 | 24,745,000 | 20,984,000 | 19,751,000 | 22,386,000 | 6,937,000 | 4,716,000 | 3,798,000 | 4,198,516 | 3,638,050 | 3,474,217 | 1,813,689 | 1,322,801 |
| net assets | 25,175,000 | 59,513,000 | 54,510,000 | 47,775,000 | 40,842,000 | 39,353,000 | 50,522,000 | 42,753,000 | 22,384,000 | 23,105,000 | 18,392,167 | 15,476,201 | 11,353,030 | 6,726,308 | 2,972,337 |
| total shareholders funds | 25,175,000 | 59,513,000 | 54,510,000 | 47,775,000 | 40,842,000 | 39,353,000 | 50,522,000 | 42,753,000 | 22,384,000 | 23,105,000 | 18,392,167 | 15,476,201 | 11,353,030 | 6,726,308 | 2,972,337 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 20,382,000 | 42,991,000 | 43,908,000 | 41,075,000 | 33,646,000 | 29,722,000 | 35,034,000 | 29,946,000 | 22,664,000 | 19,666,000 | 18,303,531 | 15,971,222 | 9,854,829 | 5,032,039 | 2,564,498 |
| Depreciation | 585,000 | 568,000 | 537,000 | 212,000 | 151,000 | 262,000 | 210,000 | 196,000 | 201,000 | 122,000 | 73,526 | 112,997 | 124,502 | 105,065 | 57,575 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -5,992,000 | -8,362,000 | -8,192,000 | -7,900,000 | -6,567,000 | -5,645,000 | -6,602,000 | -6,054,000 | -4,674,000 | -3,983,000 | -3,511,934 | -2,868,837 | -2,451,961 | -1,441,333 | -789,552 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -1,605,000 | -1,370,000 | 891,000 | 3,525,000 | 2,679,000 | -5,567,000 | 5,010,000 | 1,409,000 | 867,000 | 1,321,961 | -255,816 | 1,437,124 | 663,356 | 1,724,189 | 1,245,186 |
| Creditors | 3,706,000 | -86,000 | 26,000 | 13,000 | 31,000 | 24,000 | 8,000 | 42,000 | -31,000 | 30,021 | -44,534 | 27,484 | 6,112 | 14,599 | 83,318 |
| Accruals and Deferred Income | -3,335,000 | 18,560,000 | -16,641,000 | 3,748,000 | 1,202,000 | -2,659,000 | 15,441,000 | 2,179,000 | 949,000 | -430,537 | 605,000 | 136,349 | 1,654,416 | 476,289 | 1,239,483 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 16,951,000 | 55,041,000 | 18,747,000 | 33,623,000 | 25,784,000 | 27,271,000 | 39,081,000 | 24,900,000 | 18,242,000 | 14,082,523 | 15,681,405 | 11,942,091 | 8,524,542 | 2,462,470 | 1,910,136 |
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | -86,000 | -62,000 | -2,026,000 | 1,312,000 | -53,980 | -66,156 | -2,043,109 | -58,393 | -166,640 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | 0 | -86,000 | -62,000 | -2,026,000 | 1,312,000 | -53,980 | -66,156 | -2,043,109 | -58,393 | -166,640 |
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 2,235,000 | 845,000 | 57,000 | 31,000 | 250,000 | 217,000 | 201,000 | 139,000 | 120,000 | 104,000 | 93,123 | 81,515 | 53,321 | 17,643 | 9,008 |
| cash flow from financing | -31,409,000 | 2,350,000 | 2,185,000 | 2,609,000 | 1,343,000 | -7,695,000 | 1,930,000 | 676,000 | -5,110,000 | -186,167 | -5,094,171 | -4,230,740 | 334,625 | 163,265 | 2,349,384 |
| cash and cash equivalents | |||||||||||||||
| cash | -12,837,000 | 15,163,000 | -20,562,000 | 5,789,000 | 126,000 | -5,992,000 | 18,318,000 | 21,118,000 | -2,430,000 | 4,432,979 | 3,880,796 | 2,746,355 | 3,642,916 | 2,567,342 | 2,766,612 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -12,837,000 | 15,163,000 | -20,562,000 | 5,789,000 | 126,000 | -5,992,000 | 18,318,000 | 21,118,000 | -2,430,000 | 4,432,979 | 3,880,796 | 2,746,355 | 3,642,916 | 2,567,342 | 2,766,612 |
troy asset management limited Credit Report and Business Information
Troy Asset Management Limited Competitor Analysis
Perform a competitor analysis for troy asset management limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in W1K area or any other competitors across 12 key performance metrics.
troy asset management limited Ownership
TROY ASSET MANAGEMENT LIMITED group structure
Troy Asset Management Limited has no subsidiary companies.
Ultimate parent company
TROY ASSET MANAGEMENT LIMITED
03930846
troy asset management limited directors
Troy Asset Management Limited currently has 10 directors. The longest serving directors include Mr Sebastian Lyon (Sep 2003) and Sir Francis Brooke (Dec 2004).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sebastian Lyon | 57 years | Sep 2003 | - | Director | |
| Sir Francis Brooke | England | 61 years | Dec 2004 | - | Director |
| Jan Pethick | 77 years | Feb 2009 | - | Director | |
| Mr Frederick Von Westenholz | United Kingdom | 44 years | May 2017 | - | Director |
| Mr Charles Davies | United Kingdom | 60 years | May 2017 | - | Director |
| Ms Cressida Hogg | United Kingdom | 55 years | Nov 2018 | - | Director |
| Mrs Gabrielle Boyle | 56 years | Mar 2020 | - | Director | |
| Mr Nicholas Hughes | United Kingdom | 53 years | Oct 2022 | - | Director |
| Mr Jonathan Chenevix-Trench | England | 63 years | Jan 2024 | - | Director |
| Mr Seth Brennan | United Kingdom | 54 years | Mar 2024 | - | Director |
P&L
April 2024turnover
95.7m
-11%
operating profit
20.4m
-53%
gross margin
95.3%
+0.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
25.2m
-0.58%
total assets
52.2m
-0.39%
cash
38.7m
-0.25%
net assets
Total assets minus all liabilities
troy asset management limited company details
company number
03930846
Type
Private limited with Share Capital
industry
66300 - Fund management activities
incorporation date
February 2000
age
25
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
April 2024
previous names
rainslea limited (October 2000)
accountant
-
auditor
DELOITTE LLP
address
33 davies street, london, W1K 4BP
Bank
HSBC PRIVATE BANK (UK) LTD
Legal Advisor
-
troy asset management limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 1 charges/mortgages relating to troy asset management limited. Currently there are 0 open charges and 1 have been satisfied in the past.
troy asset management limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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troy asset management limited Companies House Filings - See Documents
| date | description | view/download |
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