R&a Trust Company (NO.1) Limited
Registered name: R&A TRUST COMPANY (NO.1) LIMITED
R&a Trust Company (NO.1) Limited made £157m revenue and £7.8m profit in the year to 31 Dec 2025.
R&a Trust Company (NO.1) Limited’s revenue grew 1% to £157m in the year to 31 Dec 2025, with £7.8m profit and 277 employees. The company is classified under “activities of head offices” and is based in ST Andrews; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- ST Andrews, Scotland
- Age
- 23 yrs · since 2003
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £152m | £156m | £157m |
| Cost of sales | −£109m | −£107m | −£107m |
| Gross profit | £42.7m | £48.5m | £50.7m |
| Operating profit | £2.6m | £2.6m | £2.7m |
| Profit before tax | £9.9m | £7.2m | £11.3m |
| Profit after tax | £8.5m | £5.2m | £7.8m |
| Profit (best available) | £8.5m | £5.2m | £7.8m |
| Employees (average) | 265 | 289 | 277 |
| Ratios | |||
| Profit margin | 5.6% | 3.3% | 5% |
| Gross margin | 28.1% | 31.1% | 32.3% |
| Revenue per employee | £572k | £540k | £568k |
| Profit per employee | £32k | £18k | £28.1k |
| Growth (year on year) | |||
| Revenue growth | — | ▲2.9% | ▲0.8% |
| Profit growth | — | ▼38.8% | ▲49.8% |
| Headcount growth | — | ▲9.1% | ▼4.2% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Aug 2025 | Accounts · bulk data Aug 2025 | Accounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 5%
- Profit ÷ revenue.
- Gross margin
- 32.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £568k
- Revenue ÷ average employees.
- Profit per employee
- £28.1k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▼4%
- Now 277
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (5)
- R&a Rules LimitedRev. £7.8m · Profit £325k
- R&a Golf and Leisure LimitedRev. £1.8m · Profit −£697k
- R&a Championships LimitedFigures not disclosed
- R&a Group Services LimitedFigures not disclosed
- R&a Investment Holdings LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit £7.8m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.