JANUS HENDERSON FUND MANAGEMENT UK LIMITED

201 BISHOPSGATE, LONDON, EC2M 3AE

Previous name: HENDERSON INVESTMENT FUNDS LIMITED (changed on 22-Mar-2022)

Company Number: 02678531
Incorporation date: 17-Jan-1992
Status: Active
Entity type: Private Limited Company

SIC codes:
64999 Financial intermediation not elsewhere classified

SUMMARY

This company is 33.2 years old and is currently active. It is controlled by multiple entities. The company has positive equity (net assets) of GBP 126.7 million which has increased from GBP 119.7 million in the previous year. The latest reported revenue figure is GBP 226.3 million which is down -10% on the previous year. The company has 6 active officers (directors or partners) who are or were officers of 10 other companies. The company has no public disputes filed on the Business Disputes Register. There are 2 court cases involving the company that we are aware of.

FINANCIALS (BETA)

Next accounts due: 30-Sep-2025
Accounts Filed: FULL (31-Dec-2023)

P&L Financials:

Year end	Currency	Revenue	Operating profit	Interest Received	Interest Paid	Tax	Net Profit GBP
31-Dec-2019	GBP	226,302,000	45,141,000			9,123,000	37,026,000
31-Dec-2018	GBP	253,086,000	57,372,000			11,258,000	47,993,000
31-Dec-2017	GBP	261,286,000	4,072,000			998,000	4,186,000
31-Dec-2016	GBP	225,140,000	10,415,000				11,440,000
31-Dec-2015	GBP	244,654,000	64,625,000			9,100,000	57,714,000
31-Dec-2014	GBP	268,540,000	40,996,000	377,000	4,000	7,463,000	33,906,000
31-Dec-2013	GBP	179,559,000	25,432,000	426,000		2,657,000	23,201,000
31-Dec-2012	GBP	161,954,000	27,247,000	736,000	9,000	6,018,000	21,956,000

Balance Sheet Financials:

Year end	Currency	Cash	Current Assets	Current Liabilities	Share Capital	Retained Earnings	Net Assets
31-Dec-2019	GBP		253,774,000		1,000,000	125,710,000	126,710,000
31-Dec-2018	GBP	33,578,000			1,000,000	118,684,000	119,684,000
31-Dec-2017	GBP	8,047,000			1,000,000	100,691,000	101,691,000
31-Dec-2016	GBP	6,592,000				96,505,000	97,505,000
31-Dec-2015	GBP	9,435,000			1,000,000	88,565,000	89,565,000
31-Dec-2014	GBP	15,320,000	205,625,000	138,775,000	1,000,000	65,851,000	66,851,000
31-Dec-2013	GBP		182,478,000	149,533,000	1,000,000	31,945,000	32,945,000
31-Dec-2012	GBP		165,819,000	96,075,000	1,000,000	68,744,000	69,744,000

VALUATION EVENTS (BETA)

Year end	Currency	% Equity	Sum raised	Pre-Money Valuation*	Post-Money Valuation*	Enterprise Value**

Insufficient available data for calculating valuations.

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY

Status	Name	Appointed on	Resigned on	Nationality	All apointments (active/resigned)
Active	HENDERSON SECRETARIAL SERVICES LIMITED	31 Mar 1995	28 Mar 2025		29 - 349
Resigned	James Richard RUSSELL	26 Mar 1993	31 Mar 1995	British	4 - 158
Resigned	Francis Joseph CONWAY	30 Jun 1992	17 Jan 1994		0 - 21
Resigned	Francis Joseph CONWAY		17 Jan 1994	British	0 - 21

DIRECTORS

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All appointments (active/resigned)	Dissolved companies (rate)
Active	Patrick Harold SANDERSON	12 Jun 2024		Company Director	British	1 - 3	1 (25.0%)
Active	Rachel WEALLANS	30 Sep 2022		Company Director	British	1 - 0	0 (0.0%)
Active	James Robert LOWRY	07 Jul 2022		Company Director	American	1 - 0	0 (0.0%)
Active	William George LUCKEN	29 Jun 2022		Company Director	British	2 - 1	0 (0.0%)
Resigned	Rhiannon Willow CHAUDHURI	17 Mar 2020	13 Nov 2024	Accountant	British	11 - 22	13 (39.4%)
Active	Patrick Joseph SHEA	07 Jun 2019		Company Director	American,Irish	3 - 1	0 (0.0%)
Active	Francesca Katherine SMITH	22 Mar 2019		Director	British	1 - 2	0 (0.0%)
Resigned	Georgina Louise FOGO	04 Feb 2019	12 Nov 2024	Company Director	British	2 - 1	0 (0.0%)
Resigned	Roger Martin James THOMPSON	17 Jan 2019	31 Dec 2019	Company Director	British	3 - 25	12 (42.9%)
Resigned	Simon HILLENBRAND	04 Jan 2019	06 Nov 2023	Company Director	British	0 - 1	0 (0.0%)
Resigned	Alexander Arthur CROOKE	08 Jun 2018	31 Mar 2022	Company Director	British	0 - 4	1 (25.0%)
Resigned	Rhiannon Willow CHAUDHURI	27 Sep 2017	07 Mar 2019	Accountant	British	11 - 22	13 (39.4%)
Resigned	John Graham FOGGIN	29 Jun 2016	30 Jun 2022	Company Director	British	0 - 2	0 (0.0%)
Resigned	Martin Robert SKINNER	24 Sep 2015	29 Jun 2017	Chartered Accountant	British	0 - 38	25 (65.8%)
Resigned	Havilland James DE SAUSMAREZ	04 Mar 2014	30 Jun 2022	Director	British	2 - 2	0 (0.0%)
Resigned	Christopher Benjamin CHALONER	16 Jan 2014	28 Sep 2018	Risk Officer	British	1 - 66	34 (50.7%)
Resigned	Graham John KITCHEN	26 Jun 2013	31 Mar 2018	Global Head Of Equities	British	8 - 8	0 (0.0%)
Resigned	Stewart CAZIER	11 Jun 2013	07 May 2014	Company Director	British	0 - 8	2 (25.0%)
Resigned	Philip Charles WAGSTAFF	06 Jul 2012	26 Sep 2018	Company Director	British	0 - 2	1 (50.0%)
Resigned	Richard Patrick, Mr. MCNAMARA	06 Jul 2012	10 Aug 2015	Head Of Group Finance	British	0 - 33	20 (60.6%)
Resigned	Lesley Elaine CAIRNEY	06 Jul 2012	15 Feb 2016	Chief Operating Officer	British	4 - 4	0 (0.0%)
Resigned	Alan HARDGRAVE	03 Dec 2009	10 Jun 2011	Chief Operating Officer	British	0 - 28	20 (71.4%)
Resigned	David Joseph JACOB	24 Feb 2005	13 Dec 2012	Fund Manager	American,British	1 - 44	25 (55.6%)
Resigned	Andrew James FORMICA	29 Oct 2004	06 Jul 2012	Chief Executive	Australian,British	0 - 73	46 (63.0%)
Resigned	Andrew John BOORMAN	30 Jun 2004	06 Jul 2012	Company Director	British	3 - 37	24 (60.0%)
Resigned	Shirley Jill GARROOD	16 Sep 2002	06 Jul 2012	Director	British	0 - 69	47 (68.1%)
Resigned	Anne Elizabeth REIN	15 Mar 2002	30 Jun 2004	Director Of Human Resources	Australian	0 - 5	0 (0.0%)
Resigned	James Nicholas Barnard DARKINS	24 Aug 2001	06 Jul 2012	Company Director	British	0 - 65	30 (46.2%)
Resigned	John Martin NESTOR	23 Apr 2001	16 Aug 2002	Asset Manager	British	4 - 20	4 (16.7%)
Resigned	Roger Philip YATES	03 Dec 1999	05 Nov 2008	Managing Director	British	4 - 33	12 (32.4%)
Resigned	Peter Maurice HODGETT	19 Nov 1999	23 Feb 2001	Actuary	British And Australian	0 - 12	3 (25.0%)
Resigned	Paul Christopher EDMONDSON	17 Sep 1999	08 Sep 2000	Director Of Investment Service	Australia	0 - 8	2 (25.0%)
Resigned	John Leonard PARTRIDGE	27 Jan 1999	21 Sep 2001	Property Investment Consultant	British	1 - 27	11 (39.3%)
Resigned	Rupert Alexander CARNEGIE	21 Jan 1999	25 Sep 2002	Investment Director	British	0 - 7	1 (14.3%)
Resigned	Lee-Ann Churcher BARNETT	23 Nov 1998	13 Aug 1999	Director Of Strategy	Australian	0 - 5	0 (0.0%)
Resigned	Christian Rachel Mary JAGO	04 Aug 1998	17 Oct 2001	Accountant	British	0 - 10	2 (20.0%)
Resigned	Nicholas Toby HISCOCK	03 Jul 1998	01 Sep 2009	Chartered Accountant	British	0 - 71	42 (59.2%)
Resigned	James Roger Cooper HUNT	19 Jun 1998	31 Oct 2000	Marketing Director	British	0 - 12	2 (16.7%)
Resigned	Michael Gerard CLARE	19 Jun 1998	10 Nov 2006	Investment Manager	Australian	1 - 11	3 (25.0%)
Resigned	Iain Campbell CLARK	19 Jun 1998	11 Jan 2002	Nvestment Manager	British	0 - 8	0 (0.0%)
Resigned	George Ian BUCKLEY	30 Apr 1998	19 Oct 2004	Director Of Asset Management	British	0 - 11	1 (9.1%)
Resigned	James Peyton ROBINSON	22 Mar 1996	14 Feb 1997	Investment Manager	British	1 - 12	4 (30.8%)
Resigned	Andrew MCNALLY	22 Mar 1996	14 Feb 1997	Fund Manager	British	0 - 1	0 (0.0%)
Resigned	Catherine Sarah Everett MURPHY	22 Mar 1996	14 Feb 1997	Fund Manager	British	0 - 1	0 (0.0%)
Resigned	David GILLOTT	22 Mar 1996	14 Feb 1997	Fund Manager	British	0 - 1	0 (0.0%)
Resigned	Heather Caroline Seton MANNERS	22 Mar 1996	14 Feb 1997	Investment Manager	British	0 - 2	0 (0.0%)
Resigned	Mark Joseph LUND	22 Mar 1996	28 Jan 2000	Divisional Managing Director	British	3 - 39	14 (33.3%)
Resigned	Michael WOOD-MARTIN	22 Mar 1996	14 Feb 1997	Fund Manager	British	0 - 1	0 (0.0%)
Resigned	Timothy Peter STEVENSON	22 Mar 1996	14 Feb 1997	Investment Manager	British	0 - 2	0 (0.0%)
Resigned	William Peter GARNETT	22 Mar 1996	14 Feb 1997	Investment Manager	British	0 - 2	0 (0.0%)
Resigned	Ian Charles DICKSON	22 Mar 1996	14 Feb 1997	Investment Manager	British	0 - 1	0 (0.0%)
Resigned	Michael Howard ROBINSON	22 Mar 1996	31 May 2000	Personnel Director	British	1 - 19	4 (20.0%)
Resigned	Alfred James BOND	22 Mar 1996	14 Feb 1997	Investment Manager	British	0 - 2	1 (50.0%)
Resigned	John BOTHAM	22 Mar 1996	14 Feb 1997	Fund Manager	British	0 - 1	0 (0.0%)
Resigned	John HUSSELBEE	19 Feb 1996	14 Feb 1997	Investment Manager	British	0 - 1	0 (0.0%)
Resigned	Nicholas Edward James BRANDT	05 Feb 1996	14 Feb 1997	Inveatment Sales	British	0 - 1	0 (0.0%)
Resigned	Peter Thomas JOHNSON	26 Oct 1995	08 Jul 1998	Accountant	British	0 - 121	45 (37.2%)
Resigned	Mark Vevers PHYTHIAN ADAMS	26 Oct 1995	29 Oct 1999	Solicitor	British	0 - 16	6 (37.5%)
Resigned	Anthony Christopher John SOLWAY	26 Oct 1995	24 Nov 1999	Administration Director	British	0 - 13	3 (23.1%)
Resigned	Philip Charles WAGSTAFF	22 Sep 1995	14 Feb 1997	Regional Manager	British	0 - 1	0 (0.0%)
Resigned	Lindsay Peta FIRTH MCGUCKIN	15 Sep 1995	14 Feb 1997	Marketing Director	British	0 - 5	3 (60.0%)
Resigned	Dugald Mcmillan EADIE	04 Aug 1995	30 Sep 1999	Investment Services Director	British	0 - 13	3 (23.1%)
Resigned	John Henry CHATFEILD-ROBERTS	02 May 1995	17 Nov 1995	Fund Manager	British	1 - 13	2 (14.3%)
Resigned	Jeremy Keith SOUTTER	02 May 1995	14 Feb 1997	Product Director	British	0 - 5	1 (20.0%)
Resigned	Havilland James DE SAUSMAREZ	10 Nov 1994	01 Oct 1997	Chartered Secretary	British	0 - 22	9 (40.9%)
Resigned	Robin John Edgcumbe MINTER-KEMP	17 Feb 1994	13 Apr 1995	Sales Director	British	0 - 1	0 (0.0%)
Resigned	Alexander Jonathan HENDERSON	17 Feb 1994	10 Nov 1995	Investment Sales Manager	British	0 - 3	0 (0.0%)
Resigned	Simon Charles ELLIS	17 Feb 1994	14 Feb 1997	Sales Manager	British	5 - 15	6 (30.0%)
Resigned	Paul Ronald FREEMAN	22 Oct 1993	30 Jun 1994	Chartered Accountant	British	0 - 7	0 (0.0%)
Resigned	Richard John Drake EATS	12 Jul 1993	09 Apr 1996	Director	British	0 - 6	1 (16.7%)
Resigned	John David BRASINGTON	01 Jul 1993	27 Apr 1995	Manager	British	0 - 5	2 (40.0%)
Resigned	Stephen Victor PEAK	07 Apr 1993	14 Feb 1997	Investment Manager	British	0 - 7	2 (28.6%)
Resigned	Paul Victor Sant MANDUCA	07 Apr 1993	06 May 1994	Investment Manager	British	3 - 46	11 (22.4%)
Resigned	John Randle ALEXANDER	07 Apr 1993	14 Feb 1997	Investment Manager	British	0 - 9	1 (11.1%)
Resigned	Guy Evelyn Patrick BEECH	14 Jan 1993	26 Apr 1995	Salesman	British	0 - 4	0 (0.0%)
Resigned	Jeremy John Cary EDWARDS	16 Oct 1992	21 Jun 1995	Marketing Director	British	0 - 18	4 (22.2%)
Resigned	Guy Evelyn Patrick BEECH		31 Jan 1993	Saleman	British	0 - 4	0 (0.0%)
Resigned	Craig Antony WALTON		15 Jan 1993	Marketing Manager	British	3 - 16	10 (52.6%)
Resigned	Brian Charles DAY		04 Mar 1994	Company Director	British	0 - 2	1 (50.0%)
Resigned	John Stewart HARRIS		14 Feb 1997	Sales Director	British	0 - 1	0 (0.0%)
Resigned	George Ian BUCKLEY		19 Oct 2004	Director Of Asset Management	British	0 - 11	1 (9.1%)
Resigned	Richard Walker SMITH		14 Feb 1997	Investment Manager	British	0 - 8	2 (25.0%)
Resigned	Ian Michael CHIMES		09 Jul 1993	Salesman	British	0 - 10	3 (30.0%)
Resigned	John ETCHELLS		30 Jun 1993	Investment Manager	British	0 - 1	0 (0.0%)
Resigned	David PAYNE		14 Feb 1997	Technical Services Manager	British	0 - 1	0 (0.0%)
Resigned	Alan David GADD		13 Apr 1995	Business Development Director	British	0 - 6	0 (0.0%)
Resigned	Jeremy John Cary EDWARDS		21 Jun 1995	Marketing Director	British	0 - 18	4 (22.2%)
Resigned	Ian SCOTT		14 Feb 1997	Sales Director	British	0 - 6	0 (0.0%)

Number of active directors: 6
Average tenure of active directors: 3.4 years
Average tenure of resigned directors: 2.8 years
Average active director Dissolution Rate: 4.2%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name	Patrick Harold SANDERSON	Rachel WEALLANS	James Robert LOWRY	William George LUCKEN	Patrick Joseph SHEA	Francesca Katherine SMITH
EXECLIFF MANAGEMENT LIMITED (01014602) - Active				✔
JANUS HENDERSON FUND MANAGEMENT UK LIMITED (02678531) - Active	✔	✔	✔	✔	✔	✔
72 SANTOS ROAD LIMITED (03505480) - Active						✔
THE INVESTING AND SAVING ALLIANCE (03548792) - Active					✔
NUVEEN MANAGEMENT AIFM LIMITED (03984658) - Active						✔
P S ESTATES LTD (05608127) - Dissolved	✔
WORCESTER WARRIORS COMMUNITY FOUNDATION (06902389) - Active	✔
EMVICIRA EMPORIUM LTD (07609937) - Active	✔
ALLIANZ GLOBAL INVESTORS GMBH (FC027117) - Active				✔
CRITERION TEC LTD (SC568537) - Active					✔
CRITERION TEC HOLDINGS LTD (SC638408) - Active					✔

SHAREHOLDERS (BETA)

Shareholder name	Share class	Shares at confirmation date
Shareholder name	Share class	2016-01-17	2015-01-17	2014-01-17	2013-01-17	2012-01-17
HENDERSON GLOBAL INVESTORS (HOLDINGS) LIMITED	ORDINARY	1,000,000 100%	1,000,000 100%	1,000,000 100%	1,000,000 100%	1,000,000 100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES

>75%:Henderson Global Investors (Holdings) Limited (1721385 - United Kingdom) ceased
- - >75%:Janus Henderson Group Plc (101484 - Jersey) active
  >75%:Henderson Group Holdings Asset Management Limited (08231660 - United Kingdom) ceased
- >75%:Henderson Holdings Group Limited (6743053 - United Kingdom) ceased
- - >75%:Henderson Group Holdings Asset Management Limited (8231660 - United Kingdom) active
  >75%:Hgi Asset Management Group Limited (08231932 - United Kingdom) ceased
- >75%:Janus Henderson Group Plc (101484 - Jersey) active
>75%:Janus Henderson Uk (Holdings) Limited (02072534 - United Kingdom) active

Controlling entities above

JANUS HENDERSON FUND MANAGEMENT UK LIMITED

no controlled companies

LATE PAYMENTS REPORT

Start date	End date	Average days to pay	% invoices paid over 60 days	% invoices not paid within agreed terms	Gov.uk report
2024-07-01	2024-12-31	14	0%	4%	93520
2024-01-01	2024-06-30	13	0%	4%	87111
2023-07-01	2023-12-31	13	0%	6%	78615
2023-01-01	2023-06-30	13	0%	6%	72199
2022-07-01	2022-12-31	14	1%	8%	66350
2022-01-01	2022-06-30	15	0%	8%	60154
2021-07-01	2021-12-31	15	0%	8%	53413
2021-01-01	2021-06-30	13	0%	8%	46164
2020-07-01	2020-12-31	14	0%	7%	40328
2020-01-01	2020-06-30	15	1%	8%	32388
2019-07-01	2019-12-31	15	1%	7%	25537
2019-06-01	2019-06-30	21	1%	12%	21116
2018-07-01	2018-12-31	15	0%	7%	9606
2018-06-01	2018-06-30	24	5%	23%	7154

COURT CASES

Date	Title	Reference	Subject
2017-06-02	Henderson Investment Funds Ltd v Revenue and Customs	[2017] UKUT 225 (TCC)	STAMP DUTY RESERVE TAX
2015-10-16	Henderson Investment Funds Ltd v Revenue & Customs	[2015] UKFTT 505 (TC)	STAMP DUTY : Exemptions and reliefs

PATENTS

No Patents found

COMPETITORS

(Based on Sic code: 64999 Financial intermediation not elsewhere classified)

Company	Registered Address	Company Number	YE Date	Revenue GBP	Net Profit GBP	Other SIC codes
GOLDMAN SACHS INTERNATIONAL	PLUMTREE COURT, 25 SHOE LANE, LONDON, UNITED KINGDOM, EC4A 4AU	02263951	2017-12-31	5,084,375,000	1,216,406,250
MERRILL LYNCH INTERNATIONAL	2 KING EDWARD STREET, LONDON, EC1A 1HQ	02312079	2017-12-31	5,047,000,000	618,000,000
VISA EUROPE LIMITED	1 SHELDON SQUARE, LONDON, W2 6TT	05139966	2017-09-30	2,449,333,000	1,042,957,000
BLACKROCK INVESTMENT MANAGEMENT (UK) LIMITED	12 THROGMORTON AVENUE, LONDON, EC2N 2DL	02020394	2018-11-30	1,581,715,000	382,318,000	66300-Fund management activities
3I GROUP PLC	1 KNIGHTSBRIDGE, LONDON, UNITED KINGDOM, SW1X 7LX	01142830	2018-03-31	1,552,000,000	1,425,000,000
NOMURA INTERNATIONAL PLC	1 ANGEL LANE, LONDON, EC4R 3AB	01550505	2018-03-31	1,510,860,000	-230,314,000
MERCEDES-BENZ FINANCIAL SERVICES UK LIMITED	DELAWARE DRIVE, TONGWELL, MILTON KEYNES, BUCKINGHAMSHIRE, MK15 8BA	02472364	2016-12-31	1,279,375,000	82,125,000
MORGAN STANLEY EMPLOYMENT SERVICES UK LIMITED	20 BANK STREET, CANARY WHARF, LONDON, E14 4AD	05065987	2017-12-31	1,148,472,000	-31,340,000
M & G. SECURITIES LIMITED	10 FENCHURCH AVENUE, LONDON, EC3M 5AG	00090776	2017-12-31	931,982,000	176,468,000
TESCO PERSONAL FINANCE PLC	2 SOUTH GYLE CRESCENT, EDINBURGH, UNITED KINGDOM, EH12 9FQ	SC173199	2018-02-28	859,600,000	141,100,000
MBNA LIMITED	CAWLEY HOUSE, CHESTER BUSINESS PARK, CHESTER, UNITED KINGDOM, CH4 9FB	02783251	2017-12-31	804,604,000	-8,212,000
JPMORGAN ASSET MANAGEMENT (UK) LIMITED	25 BANK STREET, CANARY WHARF, LONDON, E14 5JP	01161446	2017-12-31	752,074,000	184,474,000
SCHRODER INVESTMENT MANAGEMENT LIMITED	1 LONDON WALL PLACE, LONDON, ENGLAND, EC2Y 5AU	01893220	2018-12-31	747,900,000	187,400,000	66300-Fund management activities
PRUDENTIAL DISTRIBUTION LIMITED	5 CENTRAL WAY, KILDEAN BUSINESS PARK, STIRLING, UNITED KINGDOM, FK8 1FT	SC212640	2017-12-31	686,801,000	1,849,000
CLOSE BROTHERS LIMITED	10 CROWN PLACE, LONDON, EC2A 4FT	00195626	2018-07-31	600,400,000	186,800,000
INTERMEDIATE CAPITAL GROUP PLC	PROCESSION HOUSE, 55 LUDGATE HILL, LONDON, UNITED KINGDOM, EC4M 7JW	02234775	2018-03-31	600,000,000	250,800,000
ABERDEEN ASSET MANAGERS LIMITED	1 GEORGE STREET, EDINBURGH, UNITED KINGDOM, EH2 2LL	SC108419	2017-12-31	555,350,000	63,581,000
BLACKROCK ADVISORS (UK) LIMITED	12 THROGMORTON AVENUE, LONDON, EC2N 2DL	00796793	2018-11-30	530,740,000	355,027,000	66300-Fund management activities
FITCH RATINGS LTD	30 NORTH COLONNADE, LONDON, E14 5GN	01316230	2017-12-31	487,401,000	152,359,000
INVESCO FUND MANAGERS LIMITED	PERPETUAL PARK, PERPETUAL PARK DRIVE, HENLEY-ON-THAMES, OXFORDSHIRE, UNITED KINGDOM, RG9 1HH	00898166	2017-12-31	471,735,000	181,282,000	66300-Fund management activities
JUPITER UNIT TRUST MANAGERS LIMITED	THE ZIG ZAG BUILDING, 70 VICTORIA STREET, LONDON, ENGLAND, SW1E 6SQ	02009040	2017-12-31	462,600,000	101,100,000
JUPITER FUND MANAGEMENT PLC	THE ZIG ZAG BUILDING, 70 VICTORIA STREET, LONDON, ENGLAND, SW1E 6SQ	06150195	2017-12-31	460,200,000	154,800,000
UBS LIMITED	5 BROADGATE, LONDON, UNITED KINGDOM, EC2M 2QS	02035362	2017-12-31	456,000,000	114,000,000
JEFFERIES INTERNATIONAL LIMITED	100 BISHOPSGATE, LONDON, ENGLAND, EC2N 4JL	01978621	2018-11-30	424,581,000	-10,426,000
BARCLAYS CAPITAL SECURITIES LIMITED	1 CHURCHILL PLACE, LONDON, E14 5HP	01929333	2017-12-31	378,892,000	51,652,000
J.P. MORGAN INTERNATIONAL BANK LIMITED	25 BANK STREET, CANARY WHARF, LONDON, E14 5JP	03838766	2017-12-31	358,021,000	4,320,000	66120-Security and commodity contracts dealing activities
MORGAN STANLEY UK GROUP	LEGAL DEPARTMENT, 25 CABOT SQUARE, CANARY WHARF, LONDON, E14 4QA	01281415	2017-12-31	229,087,000	331,089,000
PIRELLI INTERNATIONAL PLC	PIRELLI, DERBY ROAD, BURTON-ON-TRENT, STAFFORDSHIRE, DE13 0BH	04108548	2017-12-31	312,222,000	6,560,000
HENDERSON INVESTMENT FUNDS LIMITED	201 BISHOPSGATE, LONDON, EC2M 3AE	02678531	2017-12-31	305,560,000	4,186,000
THREADNEEDLE INVESTMENT SERVICES LIMITED	CANNON PLACE, 78 CANNON STREET, LONDON, EC4N 6AG	03701768	2017-12-31	302,341,000	22,407,000
LOMBARD NORTH CENTRAL PUBLIC LIMITED COMPANY	250 BISHOPSGATE, LONDON, ENGLAND, EC2M 4AA	00337004	2017-12-31	302,000,000	184,000,000
BREWIN DOLPHIN LIMITED	12 SMITHFIELD STREET, LONDON, EC1A 9BD	02135876	2017-09-30	295,136,000	45,125,000
INVESTEC WEALTH & INVESTMENT LIMITED	30 GRESHAM STREET, LONDON, ENGLAND, EC2V 7QN	02122340	2018-03-31	280,283,000	58,915,000
JUPITER ASSET MANAGEMENT LIMITED	THE ZIG ZAG BUILDING, 70 VICTORIA STREET, LONDON, ENGLAND, SW1E 6SQ	02036243	2017-12-31	278,100,000	145,600,000
3I PLC	1 KNIGHTSBRIDGE, LONDON, UNITED KINGDOM, SW1X 7LX	00397156	2018-03-31	277,421,000	83,511,000
ICE FUTURES EUROPE	2ND FLOOR, SANCROFT ROSE STREET, PATERNOSTER SQUARE, LONDON, UNITED KINGDOM, EC4M 7DQ	01528617	2017-12-31	276,649,000	120,280,000	82990-Other business support service activities not elsewhere classified
CAPITA LIFE & PENSIONS REGULATED SERVICES LIMITED	FIRST FLOOR, 2 KINGDOM STREET, PADDINGTON, LONDON, ENGLAND, W2 6BD	02424853	2017-12-31	274,932,193	-7,799,422
LLOYDS BANK ASSET FINANCE LIMITED	25 GRESHAM STREET, LONDON, EC2V 7HN	00615235	2017-12-31	22,000,000	272,000,000
REUTERS TRANSACTION SERVICES LIMITED	FIVE CANADA SQUARE, CANARY WHARF, LONDON, ENGLAND, E14 5AQ	02089076	2017-12-31	266,149,000	-7,903,000	66190-Activities auxiliary to financial intermediation not elsewhere classified
MARKS AND SPENCER FINANCIAL SERVICES PLC	KINGS MEADOW, CHESTER BUSINESS PARK, CHESTER, UNITED KINGDOM, CH99 9FB	01772585	2018-12-31	248,750,000	19,043,000
JPMORGAN FUNDS LIMITED	3 LOCHSIDE VIEW, EDINBURGH PARK, EH12 9DH	SC019438	2017-12-31	248,051,000	25,477,000
WALTER SCOTT & PARTNERS LIMITED	ONE, CHARLOTTE SQUARE, EDINBURGH, EH2 4DR	SC093685	2017-12-31	237,997,000	130,470,000
THE MORTGAGE BUSINESS PUBLIC LIMITED COMPANY	TRINITY, ROAD, HALIFAX, HX1 2RG	01997277	2017-12-31	233,017,000	101,482,000
GS FUNDING EUROPE III LTD	PLUMTREE COURT, 25 SHOE LANE, LONDON, UNITED KINGDOM, EC4A 4AU	10491963	2017-12-31	229,206,923	25,640,769
J O HAMBRO CAPITAL MANAGEMENT LIMITED	LEVEL 3, 1 ST. JAMES'S MARKET, LONDON, ENGLAND, SW1Y 4AH	02176004	2018-09-30	228,500,000	100,900,000
MACQUARIE INVESTMENTS (UK) LIMITED	ROPEMAKER PLACE, 28 ROPEMAKER STREET, LONDON, EC2Y 9HD	04104671	2018-03-31	226,679,344	220,570,593
RBS INVOICE FINANCE LIMITED	250 BISHOPSGATE, LONDON, ENGLAND, EC2M 4AA	00662221	2017-12-31	215,628,000	88,899,000
BNP PARIBAS COMMODITY FUTURES LIMITED	10 HAREWOOD AVENUE, LONDON, NW1 6AA	02391477	2017-12-31	215,204,000	41,326,000
CMC MARKETS UK PLC	133 HOUNDSDITCH, LONDON, EC3A 7BX	02448409	2018-03-31	212,714,000	41,807,000
IG INDEX LIMITED	CANNON BRIDGE HOUSE, 25 DOWGATE HILL, LONDON, EC4R 2YA	01190902	2018-05-31	200,400,000	75,000,000
ESURE SERVICES LIMITED	THE OBSERVATORY, REIGATE, SURREY, RH2 0SG	02135610	2017-12-31	193,200,000	6,200,000	82990-Other business support service activities not elsewhere classified
DILIGENTA LIMITED	LYNCH WOOD, PETERBOROUGH, CAMBRIDGESHIRE, PE2 6FY	05535029	2018-03-31	191,828,000	3,513,000
MAREX FINANCIAL LIMITED	155 BISHOPSGATE, LONDON, EC2M 3TQ	05613061	2017-12-31	189,900,000	14,617,000
VAUXHALL FINANCE PLC	4TH FLOOR CUMBERLAND HOUSE 15-17, CUMBERLAND PLACE, SOUTHAMPTON, SO15 2BG	00275607	2017-12-31	184,922,000	187,088,000
STANDARD LIFE INVESTMENTS (MUTUAL FUNDS) LIMITED	7 CASTLE STREET, EDINBURGH, EH2 3AH	SC123322	2017-12-31	179,816,000	65,548,000
MACQUARIE CAPITAL (EUROPE) LIMITED	ROPEMAKER PLACE, 28 ROPEMAKER STREET, LONDON, EC2Y 9HD	03704031	2018-03-31	179,602,040	-13,292,802
GOOGLE PAYMENT LIMITED	5 NEW STREET SQUARE, LONDON, EC4A 3TW	05903713	2017-12-31	175,603,365	8,113,343
THAMES WATER UTILITIES FINANCE PLC	CLEARWATER COURT, VASTERN ROAD, READING, BERKSHIRE, RG1 8DB	02403744	2018-03-31	173,300,000	37,000,000
SCOTTISH WIDOWS UNIT TRUST MANAGERS LIMITED	25 GRESHAM STREET, LONDON, UNITED KINGDOM, EC2V 7HN	01629925	2018-12-31	168,916,000	36,859,000
ELQ INVESTORS II LTD	PLUMTREE COURT, 25 SHOE LANE, LONDON, UNITED KINGDOM, EC4A 4AU	06375035	2017-12-31	166,924,257	29,203,984
LEGG MASON INVESTMENTS (EUROPE) LIMITED	1 MORE LONDON PLACE, LONDON, SE1 2AF	01732037	2018-03-31	157,205,000	15,063,000
STATE STREET GLOBAL ADVISORS LIMITED	20 CHURCHILL PLACE, CANARY WHARF, LONDON, E14 5HJ	02509928	2017-12-31	156,152,487	35,190,540
PRUTEC LIMITED	FORVIS MAZARS LLP, 1ST FLOOR, TWO CHAMBERLAIN SQUARE, BIRMINGHAM, B3 3AX	01508295	2017-12-31	154,048,154	117,712,728
FIL PENSIONS MANAGEMENT	BEECH GATE MILLFIELD LANE, LOWER KINGSWOOD, TADWORTH, SURREY, UNITED KINGDOM, KT20 6RP	02015142	2018-06-30	152,568,000	14,394,000
CABOT FINANCIAL (UK) LIMITED	1 KINGS HILL AVENUE, KINGS HILL, WEST MALLING, KENT, ME19 4UA	03757424	2017-12-31	151,802,000	-2,137,000
HERMES FUND MANAGERS LIMITED	SIXTH FLOOR, 150, CHEAPSIDE, LONDON, ENGLAND, EC2V 6ET	01661776	2018-12-31	151,718,000	-38,368,000
CHARLES STANLEY & CO. LIMITED	ROPEMAKER PLACE, 25 ROPEMAKER STREET, LONDON, ENGLAND, EC2Y 9LY	01903304	2018-03-31	149,200,000	9,649,000
EXANE LIMITED	ONE, HANOVER STREET, LONDON, W1S 1YZ	02937460	2017-12-31	145,949,097	66,927,563
PROVIDENT FINANCIAL MANAGEMENT SERVICES LIMITED	NO. 1, GODWIN STREET, BRADFORD, WEST YORKSHIRE, BD1 2SU	00328933	2018-12-31	143,200,000	-6,200,000
COMPUTERSHARE MORTGAGE SERVICES LIMITED	THE PAVILIONS, BRIDGWATER ROAD, BRISTOL, AVON, BS13 8AE	02466320	2018-06-30	137,948,000	21,936,000
FIRST STATE INVESTMENT SERVICES (UK) LIMITED	FINSBURY CIRCUS HOUSE, 15 FINSBURY CIRCUS, LONDON, ENGLAND, EC2M 7EB	03904320	2018-06-30	133,745,000	21,868,000
MACQUARIE GROUP INVESTMENTS (UK) NO.2 LIMITED	ROPEMAKER PLACE, 28 ROPEMAKER STREET, LONDON, EC2Y 9HD	07438584	2018-03-31	133,432,802	126,799,622
EURONET PAYMENT SERVICES LIMITED	PART 7TH FLOOR, NORTH BLOCK, 55 BAKER STREET, LONDON, UNITED KINGDOM, W1U 7EU	06975932	2017-12-31	132,467,033	0
RECLAIM FUND LTD	27 OLD GLOUCESTER STREET, LONDON, UNITED KINGDOM, WC1N 3AX	07344884	2017-12-31	121,903,000	-240,000	66300-Fund management activities
LANARK FUNDING LIMITED	SUITE 2, 7TH FLOOR, 50 BROADWAY, LONDON, ENGLAND, SW1H 0DB	06302746	2018-09-30	120,513,000	10,000
INSIGHT INVESTMENT FUNDS MANAGEMENT LIMITED	160 QUEEN VICTORIA STREET, LONDON, EC4V 4LA	01835691	2017-12-31	120,363,000	37,399,000
PGIM LIMITED	GRAND BUILDINGS, 1-3 STRAND, TRAFALGAR SQUARE, LONDON, WC2N 5HR	03809039	2017-12-31	120,285,295	6,308,908
FIRST STATE INVESTMENTS (UK) LIMITED	FINSBURY CIRCUS HOUSE, 15 FINSBURY CIRCUS, LONDON, ENGLAND, EC2M 7EB	02294743	2018-06-30	120,234,000	8,827,000
AEQUOR INVESTMENTS LIMITED	1 CHURCHILL PLACE, LONDON, E14 5HP	07662889	2017-12-31	119,857,033	-1,165,764
HBOS INVESTMENT FUND MANAGERS LIMITED	TRINITY ROAD, HALIFAX, WEST YORKSHIRE, HX1 2RG	00941082	2018-12-31	117,999,000	49,163,000
FRANKLIN TEMPLETON INVESTMENT MANAGEMENT LIMITED	CANNON PLACE, 78 CANNON STREET, LONDON, EC4N 6HL	01902009	2018-09-30	117,402,000	27,786,000
M&G ALTERNATIVES INVESTMENT MANAGEMENT LIMITED	10 FENCHURCH AVENUE, LONDON, EC3M 5AG	02059989	2017-12-31	116,901,000	45,846,000
BARCLAYS ALDERSGATE INVESTMENTS LIMITED	1 CHURCHILL PLACE, LONDON, E14 5HP	02223073	2017-12-31	102,344,356	116,501,501
GREENSILL CAPITAL (UK) LIMITED	11TH FLOOR, LANDMARK ST PETER'S SQUARE, 1 OXFORD ST, MANCHESTER, M1 4PB	08126173	2017-12-31	115,850,000	31,944,000
CL & CO. MANAGEMENT SERVICES LTD	64 NORTH ROW, LONDON, ENGLAND, W1K 7DA	02071658	2018-04-30	115,290,730	21,042,888
CAMPBELL LUTYENS & CO. LTD	64 NORTH ROW, LONDON, ENGLAND, W1K 7DA	04112016	2018-04-30	114,849,798	106,615
HARVEY & THOMPSON LIMITED	TIMES HOUSE, THROWLEY WAY, SUTTON, SURREY, SM1 4AF	02636684	2017-12-31	110,333,000	11,445,000
M & G INTERNATIONAL INVESTMENTS LIMITED	LAURENCE POUNTNEY HILL, LONDON, EC4R 0HH	04134655	2017-12-31	110,327,000	34,574,000
COFUNDS LIMITED	LEVEL 26 THE LEADENHALL BUILDING, 122 LEADENHALL STREET, LONDON, UNITED KINGDOM, EC3V 4AB	03965289	2017-12-31	108,675,000	-23,096,000
KAMES CAPITAL PLC	3 LOCHSIDE CRESCENT, EDINBURGH, SCOTLAND, EH12 9SA	SC113505	2017-12-31	108,561,000	9,057,000
FNZ (UK) LTD	10TH FLOOR, 135 BISHOPSGATE, LONDON, UNITED KINGDOM, EC2M 3TP	05435760	2017-12-31	107,613,000	20,314,000
SILCHESTER PARTNERS LIMITED	TIME & LIFE BUILDING, 1 BRUTON STREET, LONDON, W1J 6TL	03000514	2018-03-31	75,987,121	107,310,281
WINTERFLOOD SECURITIES LIMITED	RIVERBANK HOUSE, 2 SWAN LANE, LONDON, UNITED KINGDOM, EC4R 3GA	02242204	2018-07-31	104,876,063	20,562,119
MAREX SPECTRON INTERNATIONAL LIMITED	155 BISHOPSGATE, LONDON, EC2M 3TQ	03938219	2017-12-31	102,412,000	-962,000
CLOSE ASSET MANAGEMENT LIMITED	10 CROWN PLACE, LONDON, EC2A 4FT	01644127	2018-07-31	102,135,000	15,975,000
INTELLIGENT PROCESSING SOLUTIONS LIMITED	ENIGMA, WAVENDON BUSINESS PARK, MILTON KEYNES, ENGLAND, MK17 8LX	04007855	2017-12-31	98,786,000	22,290,000
PRA GROUP (UK) LIMITED	LEVEL 11 RIVERSIDE HOUSE, 2A SOUTHWARK BRIDGE ROAD, LONDON, ENGLAND, SE1 9HA	04267803	2017-12-31	98,581,000	13,017,000
INVESTEC FUND MANAGERS LIMITED	55 GRESHAM STREET, LONDON, ENGLAND, EC2V 7EL	02392609	2018-03-31	98,227,000	8,287,000
FITCH SOLUTIONS LIMITED	30 NORTH COLONNADE, LONDON, E14 5GN	07984075	2017-12-31	97,963,361	23,532,719
STANDARD LIFE INVESTMENTS (CORPORATE FUNDS) LIMITED	1 GEORGE STREET, EDINBURGH, EH2 2LL	SC111488	2017-12-31	96,951,000	5,012,000

LIQUIDATION RISK (BETA)

This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:

Basis	Liquidation within 3 months	Liquidation within 6 months	Liquidation within 12 months	Prediction confidence
JANUS HENDERSON FUND MANAGEMENT UK LIMITED	1.7%	2.0%	3.5%	Medium
Other companies Active in the same sector	0.8%	3.3%	7.1%	Medium


Business sector and company age	1.7%	2.0%	3.5%	High
Expanded sample	1.1%	2.4%	4.0%	Medium
Age	0.3%	1.3%	2.4%	Medium
Company Type	0.7%	3.7%	7.4%	Medium
Accounts category	0.7%	2.2%	3.8%	Medium
Accounting Month	0.6%	2.4%	5.5%	Medium
Sic code count	0.7%	3.5%	7.0%	Medium