Manchester and London Investment Trust plc Net Assets
Manchester and London Investment Trust plc net assets. Based on the latest financial reports, Manchester and London Investment Trust plc (MNL) has net assets worth GBX449.33 Million GBX (≈ $54.67K USD) as of July 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX561.21 Million ≈ $68.28K USD) and total liabilities (GBX111.87 Million ≈ $13.61K USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore MNL shareholders equity momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX449.33 Million |
| % of Total Assets | 80.07% |
| Annual Growth Rate | 11.28% |
| 5-Year Change | 126.31% |
| 10-Year Change | 374.68% |
| Growth Volatility | 20.46 |
Net Assets of Manchester and London Investment Trust plc (2000–2026)
Net assets of Manchester and London Investment Trust plc from 2000 to 2026. This chart illustrates how Manchester and London Investment Trust plc's net assets have evolved over time, based on quarterly financial data. See Manchester and London Investment Trust p balance sheet independence to measure how much of total assets are equity-financed.
Annual Net Assets for Manchester and London Investment Trust plc (2000–2026)
The table below shows the annual net assets of Manchester and London Investment Trust plc from 2000 to 2026. For live market cap and overall valuation, see how much is Manchester and London Investment Trust p worth.
| Year | Net Assets | Change |
|---|---|---|
| 2026-07-31 | GBX449.33 Million ≈ $54.67K |
+8.76% |
| 2025-07-31 | GBX413.13 Million ≈ $50.27K |
+23.65% |
| 2024-07-31 | GBX334.10 Million ≈ $40.65K |
+50.92% |
| 2023-07-31 | GBX221.38 Million ≈ $26.94K |
+11.50% |
| 2022-07-31 | GBX198.55 Million ≈ $24.16K |
-26.38% |
| 2021-07-31 | GBX269.69 Million ≈ $32.81K |
+19.37% |
| 2020-07-31 | GBX225.93 Million ≈ $27.49K |
+30.06% |
| 2019-07-31 | GBX173.71 Million ≈ $21.14K |
+33.23% |
| 2018-07-31 | GBX130.39 Million ≈ $15.86K |
+37.74% |
| 2017-07-31 | GBX94.66 Million ≈ $11.52K |
+25.30% |
| 2016-07-31 | GBX75.55 Million ≈ $9.19K |
+19.77% |
| 2015-07-31 | GBX63.07 Million ≈ $7.67K |
-2.00% |
| 2014-07-31 | GBX64.36 Million ≈ $7.83K |
-14.24% |
| 2013-07-31 | GBX75.05 Million ≈ $9.13K |
-0.62% |
| 2012-07-31 | GBX75.52 Million ≈ $9.19K |
-23.15% |
| 2011-07-31 | GBX98.27 Million ≈ $11.96K |
+15.33% |
| 2010-07-31 | GBX85.20 Million ≈ $10.37K |
+48.19% |
| 2009-07-31 | GBX57.49 Million ≈ $7.00K |
+20.61% |
| 2008-07-31 | GBX47.67 Million ≈ $5.80K |
-9.30% |
| 2007-07-31 | GBX52.55 Million ≈ $6.39K |
+42.83% |
| 2006-07-31 | GBX36.79 Million ≈ $4.48K |
+9.47% |
| 2005-07-31 | GBX33.61 Million ≈ $4.09K |
+15.30% |
| 2004-07-31 | GBX29.15 Million ≈ $3.55K |
+17.31% |
| 2003-07-31 | GBX24.85 Million ≈ $3.02K |
+7.21% |
| 2002-07-31 | GBX23.18 Million ≈ $2.82K |
-3.87% |
| 2001-07-31 | GBX24.11 Million ≈ $2.93K |
-13.64% |
| 2000-07-31 | GBX27.92 Million ≈ $3.40K |
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Equity Component Analysis
This analysis shows how different components contribute to Manchester and London Investment Trust plc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2117.1% over the analyzed period, indicating profitable operations and earnings retention.
Manchester and London Investment Trust plc Net Assets Breakdown (July 2026)
Manchester and London Investment Trust plc net assets breakdown by equity component as of July 2026.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX47.58 Million | 10.59% |
| Common Stock | GBX10.13 Million | 2.25% |
| Other Comprehensive Income | GBX365.74 Million | 81.39% |
| Other Components | GBX25.89 Million | 5.76% |
| Total Equity | GBX449.33 Million | 100.00% |
Manchester and London Investment Trust plc Competitors by Market Cap
The table below lists competitors of Manchester and London Investment Trust plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Golden Tobacco Limited
NSE:GOLDENTOBC
|
$3.98 Million |
|
SILVER HAMMER MINING CORP
F:7BW0
|
$3.98 Million |
|
Pentanet Ltd
AU:5GG
|
$3.98 Million |
|
Prima Alloy Steel Universal
JK:PRAS
|
$3.98 Million |
|
AM Resources Corp
V:AMR
|
$3.98 Million |
|
Wishpond Technologies Ltd
V:WISH
|
$3.98 Million |
|
Baillie Gifford Shin Nippon PLC
LSE:BGS
|
$3.97 Million |
|
Cyber Media (India) Limited
NSE:CYBERMEDIA
|
$3.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Manchester and London Investment Trust plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 413,128,000 to 449,334,000, a change of 36,206,000 (8.8%).
- Net income of 51,992,000 contributed positively to equity growth.
- Dividend payments of 12,929,000 reduced retained earnings.
- Share repurchases of 4,727,000 reduced equity.
- Other comprehensive income increased equity by 52,156,000.
- Other factors decreased equity by 50,286,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX51.99 Million | +11.57% |
| Dividends Paid | GBX12.93 Million | -2.88% |
| Share Repurchases | GBX4.73 Million | -1.05% |
| Other Comprehensive Income | GBX52.16 Million | +11.61% |
| Other Changes | GBX-50.29 Million | -11.19% |
| Total Change | GBX- | 8.76% |
Book Value vs Market Value Analysis
This analysis compares Manchester and London Investment Trust plc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 72.82x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 221.25x to 72.82x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-07-31 | GBX3.89 | GBX860.00 | x |
| 2005-07-31 | GBX4.48 | GBX860.00 | x |
| 2006-07-31 | GBX4.91 | GBX860.00 | x |
| 2007-07-31 | GBX3.77 | GBX860.00 | x |
| 2008-07-31 | GBX3.42 | GBX860.00 | x |
| 2009-07-31 | GBX3.95 | GBX860.00 | x |
| 2010-07-31 | GBX4.65 | GBX860.00 | x |
| 2011-07-31 | GBX4.38 | GBX860.00 | x |
| 2012-07-31 | GBX3.36 | GBX860.00 | x |
| 2013-07-31 | GBX3.34 | GBX860.00 | x |
| 2014-07-31 | GBX2.87 | GBX860.00 | x |
| 2015-07-31 | GBX2.91 | GBX860.00 | x |
| 2016-07-31 | GBX3.52 | GBX860.00 | x |
| 2017-07-31 | GBX4.36 | GBX860.00 | x |
| 2018-07-31 | GBX5.61 | GBX860.00 | x |
| 2019-07-31 | GBX6.17 | GBX860.00 | x |
| 2020-07-31 | GBX7.03 | GBX860.00 | x |
| 2021-07-31 | GBX6.93 | GBX860.00 | x |
| 2022-07-31 | GBX4.92 | GBX860.00 | x |
| 2023-07-31 | GBX5.50 | GBX860.00 | x |
| 2024-07-31 | GBX8.31 | GBX860.00 | x |
| 2025-07-31 | GBX10.42 | GBX860.00 | x |
| 2026-07-31 | GBX11.81 | GBX860.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Manchester and London Investment Trust plc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.57%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 81.92%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.25x
- Recent ROE (11.57%) is above the historical average (8.35%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 17.40% | 93.48% | 0.18x | 1.02x | GBX2.16 Million |
| 2005 | 16.14% | 91.24% | 0.17x | 1.02x | GBX2.06 Million |
| 2006 | 8.71% | 85.33% | 0.10x | 1.00x | GBX-473.40K |
| 2007 | 11.03% | 88.47% | 0.12x | 1.01x | GBX543.60K |
| 2008 | -7.32% | 0.00% | -0.05x | 1.00x | GBX-8.26 Million |
| 2009 | 1.12% | 44.15% | 0.02x | 1.07x | GBX-5.10 Million |
| 2010 | 15.43% | 97.54% | 0.15x | 1.07x | GBX4.63 Million |
| 2011 | 15.97% | 96.00% | 0.12x | 1.34x | GBX5.86 Million |
| 2012 | -26.41% | 0.00% | -0.13x | 1.98x | GBX-27.50 Million |
| 2013 | 3.36% | 89.02% | 0.01x | 2.70x | GBX-4.98 Million |
| 2014 | -9.78% | 0.00% | -0.09x | 1.02x | GBX-12.73 Million |
| 2015 | 3.94% | 83.72% | 0.05x | 1.03x | GBX-3.82 Million |
| 2016 | 17.77% | 96.78% | 0.18x | 1.03x | GBX5.87 Million |
| 2017 | 21.19% | 97.56% | 0.21x | 1.02x | GBX10.59 Million |
| 2018 | 20.55% | 98.19% | 0.20x | 1.03x | GBX13.75 Million |
| 2019 | 9.52% | 97.22% | 0.09x | 1.04x | GBX-798.10K |
| 2020 | 10.64% | 96.39% | 0.10x | 1.12x | GBX1.44 Million |
| 2021 | 8.24% | 96.66% | 0.08x | 1.07x | GBX-4.75 Million |
| 2022 | -30.80% | 0.00% | -0.28x | 1.09x | GBX-81.02 Million |
| 2023 | 12.99% | 98.04% | 0.13x | 1.01x | GBX6.62 Million |
| 2024 | 36.26% | 95.89% | 0.37x | 1.01x | GBX87.75 Million |
| 2025 | 24.53% | 94.15% | 0.26x | 1.02x | GBX60.05 Million |
| 2026 | 11.57% | 81.92% | 0.11x | 1.25x | GBX7.06 Million |
Industry Comparison
This section compares Manchester and London Investment Trust plc's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $780,020,800
- Average return on equity (ROE) among peers: 5.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Manchester and London Investment Trust plc (MNL) | GBX449.33 Million | 17.40% | 0.25x | $3.98 Million |
| 3I Infrastructure PLC (3IN) | $1.28 Billion | 13.01% | 0.05x | $44.72 Million |
| Albion Enterprise VCT PLC (AAEV) | $86.21 Million | 10.71% | 0.01x | $3.20 Million |
| abrdn Asian Income Fund Limited (AAIF) | $398.87 Million | 2.19% | 0.09x | $4.96 Million |
| Abrdn Asia Focus PLC (AAS) | $46.34 Million | 0.00% | 0.14x | $6.86 Million |
| Albion Technology & General VCT PLC (AATG) | $16.66 Million | 2.55% | 0.03x | $3.06 Million |
| Abrdn PLC (ABDN) | $5.04 Billion | 4.70% | 0.53x | $50.17 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $642.23 Million | 0.00% | 0.19x | $450.86K |
| Aquila Energy Efficiency Trust PLC (AEET) | $35.87 Million | -1.49% | 0.02x | $213.04K |
| Aquila European Renewables Income PLC (AERI) | $158.92 Million | 0.00% | 0.00x | $64.28 Million |
| Artemis UK Future Leaders plc (AFL) | $99.10 Million | 19.77% | 0.03x | $446.17 |
About Manchester and London Investment Trust plc
Manchester & London Investment Trust plc is a close-ended fund launched and managed by M&L Capital Management Limited. The fund primarily invests in the public equity markets of the United Kingdom. It makes its investments across diversified sectors. The fund primarily invests in growth stocks of companies by employing a fundamental analysis. It benchmarks the performance of its portfolios agains… Read more