Investment Trusts

Law Debenture Corporation

LWDB:LSE

Law Debenture Corporation

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  • Price (GBX)1,172.00
  • Today's Change-12.00 / -1.01%
  • Shares traded131.73k
  • 1 Year change+28.93%
  • Beta1.1423
Data delayed at least 20 minutes, as of Feb 19 2026 16:35 GMT.
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About the company

The Law Debenture Corporation p.l.c. is a United Kingdom-based investment trust. The Company is a provider of independent professional services. The Company’s objective is to achieve long-term capital growth in real terms and steadily increasing income. The Company invests in a diversified portfolio of stocks and ownership of the IPS business. Its independent professional services include pension trustee executives, outsourced pension services, corporate trust services and corporate services to companies, agencies, organizations and individuals throughout the world. The services are provided through offices in the United Kingdom, Dublin, New York, Delaware, Hong Kong, the Channel Islands and the Cayman Islands. The Company invests in various sectors, including oil and gas, basic materials, industrials, consumer goods, health care, consumer services, telecommunications, financials, technology and others. The Company’s investment portfolio manager is Janus Henderson Global Investors.

  • Revenue in GBP (TTM)252.53m
  • Net income in GBP169.96m
  • Incorporated1889
  • Employees301.00
  • Location
    Law Debenture Corporation8th Floor, 100 BishopsgateLONDON EC2N 4AGUnited KingdomGBR
  • Phone+44 207 606 5451
  • Fax+44 207 606 0643
  • Websitehttps://www.lawdebenture.com/
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Profile

Management group(s)Janus Henderson Investors Ltd
AIC sectorUK Equity Income
ISINGB0031429219
Launch date12 Dec 1889
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

Objective

To achieve long term capital growth in real terms and steadily increasing income. The aim is to achieve a higher rate of total return than the FTSE Actuaries All-Share Index through investing in a diversified portfolio of stocks and ownership of the IPS business.

Managed by

Laura Foll, James Henderson

Management & contract fees

Management fee is 0.30% p.a. of the NAV of investment trust. No performance fees are paid to the investment manager. The contract is terminable on 6 months notice.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Rosebank Industries PLC-100.00bn-100.00bn1.33bn----4.44----------0.7383----------------------------0.0311--------------
Worldwide Healthcare Trust PLC-148.71m-168.47m1.37bn0.00--1.01-----0.3233-0.3233-0.30733.54-0.0818-------9.262.87-9.853.03--73.57--69.87----0.0023.15-180.77---204.28-----0.8131
BH Macro Ltd332.45m200.04m1.41bn0.008.340.9973--4.230.51660.51660.84924.320.2215--23.74--13.335.9913.366.1190.0279.1060.1740.87--16.130.000.0022.3318.13-12.43-0.4175----
JPMorgan Emerging Mkts Grt & Inc PLC65.23m49.48m1.44bn0.0032.591.19--22.070.0460.0460.06111.260.0488--10.71--3.703.703.733.7186.3385.2075.8573.94----0.0033.23-37.698.03-41.7710.10--8.14
Fidelity Special Values PLC172.69m158.39m1.47bn0.009.251.16--8.500.49010.49010.53373.920.1429--18.30--13.1114.6713.1414.7496.0396.2291.7292.98--26.490.0019.15-27.12---29.07----11.95
Fidelity China Special Situations PLC590.06m557.14m1.52bn0.002.870.8995--2.581.131.131.193.590.376--98.88--35.504.8636.615.0994.7872.5794.4269.96----0.0041.72314.48--258.35----13.49
Smithson Investment Trust PLC106.55m83.49m1.54bn0.0023.010.8611--14.500.6250.6250.817116.700.0507--8.72--3.97-1.933.99-1.9383.84--78.36------0.00---352.50---674.64------
Renewables Infrastructure Group Ltd-210.10m-213.20m1.57bn0.00--0.6063-----0.0871-0.0871-0.08581.08-0.0739-------7.505.23-7.505.23--99.85--108.31---2,131.000.00109.39-554.55---2,086.21----2.49
Law Debenture Corporation plc252.53m169.96m1.59bn301.009.221.499.206.281.281.281.917.950.2134--7.05838,976.8014.364.6914.644.8596.6392.1967.3046.22--29.480.136781.3932.001.0929.00-5.6965.305.20
Burford Capital Limited350.58m64.56m1.59bn160.0025.300.8566--4.520.28640.28641.588.46------2,191,136.00--5.55--6.47----28.7047.85--2.200.4026.08-49.760.3934-76.01-13.39-27.9224.55
Pantheon International PLC45.41m-6.71m1.61bn0.00--0.7523--35.44-0.0156-0.01560.09844.960.0182--16.31---0.26918.26-0.27458.35-2.5385.20-14.7883.08----0.09560.00-42.47-11.71-121.21------
AJ Bell PLC317.85m105.12m1.71bn1.55k16.647.9015.625.370.25570.25570.77280.53841.07--4.97205,062.6035.5232.4546.9340.07----33.0731.22----0.052566.8417.9720.1924.7122.0418.1718.26
Personal Assets Trust PLC168.57m152.91m1.73bn0.0011.54--11.3010.250.47590.47590.5214------------4.57--4.61--89.2190.7183.32------30.27111.4012.17159.6411.92--0.00
Ashmore Group plc153.10m113.50m1.74bn272.0014.742.2514.4911.360.16560.16560.22321.080.1619--2.77562,867.6012.3511.6714.3313.30----76.2954.41----0.0212101.35-25.94-14.95-13.34-14.92-27.520.00
Mercantile Investment Trust PLC41.24m17.57m1.82bn0.0091.730.982--44.250.02930.02930.05512.730.0172--3.56--0.73441.400.73741.4146.8762.4242.6058.50----0.1429175.48172.11-11.98220.95-12.96--3.66
BlackRock World Mining Trust Plc2.39m-19.19m1.83bn0.00--1.81--766.44-0.0966-0.09660.01265.400.002--0.2496---1.626.73-1.827.64-594.6085.47-803.9882.02---1,886.130.08472.04-74.48---51.85----0.893
Data as of Feb 19 2026. Currency figures normalised to Law Debenture Corporation's reporting currency: UK Pound GBX

Institutional shareholders

16.80%Per cent of shares held by top holders
HolderShares% Held
Rathbones Investment Management Ltd.as of 02 Feb 20265.45m4.07%
Hargreaves Lansdown Fund Managers Ltd.as of 02 Feb 20264.94m3.69%
J. M. Finn & Co. Ltd.as of 02 Feb 20263.12m2.33%
Vanguard Asset Management Ltd.as of 31 Dec 20251.68m1.25%
Hawksmoor Investment Management Ltd.as of 30 Apr 20251.64m1.22%
HSBC Global Asset Management (UK) Ltd.as of 02 Feb 20261.33m0.99%
BlackRock Investment Management (UK) Ltd.as of 02 Feb 20261.19m0.89%
Coutts & Co. (Private Banking)as of 02 Feb 20261.14m0.85%
TrinityBridge Ltd.as of 02 Feb 20261.09m0.81%
The Vanguard Group, Inc.as of 02 Feb 2026926.00k0.69%
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Data from 29 Aug 2025 - 11 Feb 2026Source: FactSet Research Systems Inc.
Data Provided by LSEG
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