T.J.SMITH AND NEPHEW,LIMITED
Operating as a subsidiary of the FTSE 100-listed multinational medical technology group Smith+Nephew, the company manufactures chemical and advanced wound management products.
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Cash
£6.2m
Latest balance sheet
Net assets
£290m
Equity attributable
Employees
1,346
Average over period
Profit before tax
£29m
Period ending 2023-12-31
Net assets
1-year trend · vs Basic Materials median
Accounts
1-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | Δ vs prior |
|---|---|---|---|
| Turnover | £562,811,000 | — | |
| Operating profit | £25,748,000 | — | |
| Profit before tax | £28,588,000 | — | |
| Net profit | £27,464,000 | — | |
| Cash | £6,182,000 | — | |
| Total assets less current liabilities | £302,589,000 | — | |
| Net assets | £289,520,000 | — | |
| Equity | £289,520,000 | — | |
| Average employees | 1,346 | — | |
| Wages | £71,884,000 | — | |
| Directors' remuneration | — | — | |
| Directors' pension contributions | £10,000 | — | |
| Highest paid director | £513,000 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. Year-on-year comparison hidden: this filing's period length differs materially from the prior year. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 |
|---|---|---|
| Operating margin | 4.6% | |
| Net margin | 4.9% | |
| Return on capital employed | 8.5% | |
| Gearing (liabilities / total assets) | 29.2% | |
| Current ratio | 2.30x | |
| Interest cover | 96.07x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company had net current assets of £265,091,000 and a profit for the year of £90,191,000. The Company has received a letter of support from its ultimate parent company, Smith & Nephew plc, committed to providing financial support to the Company as required for a period of at least twelve months from the date of approval of the financial statements.”
Group structure
- T.J.SMITH AND NEPHEW,LIMITED · parent
- Michelson Diagnostics Ltd 6.4%
Significant events
- “During 2025, the Company reassessed the potential liabilities arising from metal-on-metal hip claims, primarily relating to a portfolio of modular metal-on-metal hip products that are no longer marketed. As a result of this remeasurement, a net credit of £367,000 was recognised in the year.”
- “As at 31 December 2025, a provision of £1,611,000 (2024: £1,978,000) is recognised relating to the present value of the estimated costs to resolve all unsettled known and unknown anticipated metal-on-metal hip implant claims for the UK and Republic of Ireland.”
- “The Group announced the RISE strategy in December 2025, it focuses on Reach (expanding), Innovation (accelerating growth), Scale through strategic investment and Executing efficiently.”
- “In June 2023, the trustees concluded a full buy-in of the UK Defined Benefit Fund. The transaction resulted in a £51m loss being recognised in OCI with Nil cash impact.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 29 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARRACLOUGH, Helen Louise | Director | 2022-04-01 | May 1978 | British |
| MACKINNON, John Roderick | Director | 2016-01-15 | Apr 1966 | British |
| SMITH, Alex | Director | 2022-05-27 | Nov 1982 | British |
| TARRY, Simon Charles Clement | Director | 2017-10-16 | Jul 1967 | British |
Show 29 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| OLLIS, David | Secretary | — | 2000-12-31 |
| SMITH & NEPHEW NOMINEE SERVICES LIMITED | Corporate Secretary | 2000-12-31 | 2015-11-01 |
| BASRA, Deepak N/A | Director | 2009-08-24 | 2009-09-30 |
| BELL, Stewart William | Director | 1995-02-16 | 2000-09-01 |
| CHASE, James Ian Penn | Director | 2014-05-21 | 2014-09-11 |
| DICK, James Lawrence | Director | 1995-02-16 | 2006-02-14 |
| DICK, James Lawrence | Director | — | 1992-11-20 |
| FRYER, Alan Richmond | Director | — | 2000-09-01 |
| HAWKINS, David Collin | Director | — | 1995-02-16 |
| HILDYARD, Nicholas Alexander Cyril | Director | — | 2002-03-31 |
| HOLMES, Edward John | Director | — | 1995-02-16 |
| JENKINS, Darrell Kaye | Director | 1998-04-28 | 2000-09-01 |
| LOMAX, Clifford Kenneth | Director | 2000-09-01 | 2007-12-31 |
| MELLING, Ian Clifford | Director | 2014-11-03 | 2022-05-27 |
| O'DONNELL, Christopher John, Sir | Director | — | 1997-10-28 |
| OLLIS, David | Director | — | 2000-12-31 |
| SAHOTA, Bupinder Singh | Director | 2014-09-11 | 2017-10-16 |
| SIKORSKI, Jurek Stefan | Director | 1993-08-09 | 1994-06-12 |
| SWABEY, Susan Margaret | Director | 2010-06-23 | 2022-04-01 |
| TALYOR, Neil | Director | 2013-09-02 | 2014-11-03 |
| TEASDALE, Roger Peter | Director | 2009-05-01 | 2014-03-07 |
| TROLLOPE, David Alastair | Director | 2000-09-01 | 2010-06-23 |
| VAN TIGGELEN, Antonie Pieter | Director | 2010-06-23 | 2013-09-09 |
| WAIGHTS, Christopher Charles Bolingbroke | Director | 2000-09-01 | 2007-03-30 |
| WATERS, Henry Thomas Noel | Director | 2014-07-30 | 2016-01-15 |
| WEBSTER, David Fitzgerald, Dr | Director | 1996-08-19 | 2002-12-31 |
| WEBSTER, David Fitzgerald, Dr | Director | — | 1995-02-16 |
| WINTERBOTTOM, Peter Harry | Director | — | 1994-12-31 |
| WOODY, Joseph | Director | 2006-02-14 | 2009-05-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Smith & Nephew Trading Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 202 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-26 | AA | accounts | Accounts with accounts type full | |
| 2026-07-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-07-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-06 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-07-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-17 | AA | accounts | Accounts with accounts type full | |
| 2024-05-22 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-09-23 | AA | accounts | Accounts with accounts type full | |
| 2023-08-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-05 | AA | accounts | Accounts with accounts type full | |
| 2022-07-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-10 | AP01 | officers | Appoint person director company with name date | |
| 2022-06-09 | TM01 | officers | Termination director company with name termination date | |
| 2022-04-04 | AP01 | officers | Appoint person director company with name date | |
| 2022-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2021-09-27 | AA | accounts | Accounts with accounts type full | |
| 2021-07-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-09 | AA | accounts | Accounts with accounts type full | |
| 2020-07-22 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.