THORNTON & ROSS LIMITED
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Cash
£7.4m
-19.7% vs 2024
Net assets
£52m
-7.4% lowest in 3 filed years
Employees
705
+0.6% highest in 3 filed years
Profit before tax
£27m
+56.2% highest in 3 filed years
Net assets
3-year trend · vs Basic Materials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £198,806,000 | £204,610,000 | £208,531,000 | +1.9% | |
| Operating profit | £23,283,000 | £22,489,000 | £32,141,000 | +42.9% | |
| Profit before tax | £19,541,000 | £17,560,000 | £27,420,000 | +56.2% | |
| Net profit | £15,323,000 | £14,189,000 | £21,164,000 | +49.2% | |
| Cash | £6,172,000 | £9,226,000 | £7,413,000 | -19.7% | |
| Total assets less current liabilities | £73,258,000 | £97,801,000 | £64,882,000 | -33.7% | |
| Net assets | £60,474,000 | £55,674,000 | £51,549,000 | -7.4% | |
| Equity | £60,474,000 | £55,674,000 | £51,549,000 | -7.4% | |
| Average employees | 682 | 701 | 705 | +0.6% | |
| Wages | £33,693,000 | £33,223,000 | £32,785,000 | -1.3% | |
| Directors' remuneration | £503,000 | £792,000 | £958,000 | +21% | |
| Directors' pension contributions | £12,000 | £28,000 | £17,000 | -39.3% | |
| Highest paid director | £152,000 | £541,000 | £667,000 | +23.3% |
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 —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 11.7% | 11.0% | 15.4% | |
| Net margin | 7.7% | 6.9% | 10.1% | |
| Return on capital employed | 31.8% | 23.0% | 49.5% | |
| Gearing (liabilities / total assets) | 74.4% | 76.5% | 78.3% | |
| Current ratio | 0.67x | 0.83x | 0.68x | |
| Interest cover | 6.14x | 4.51x | 6.67x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- THORNTON & ROSS LIMITED · parent
- LCM Limited 100%
- Thornton & Ross Ireland Limited 100%
- Zeroderma Limited 100%
Significant events
- “During the year, the ultimate shareholders of the Company's intermediate parent, Stada Arzneimittel AG agreed the sale of a majority stake in Stada Arzneimittel AG to CapVest Partners LLP. The transaction completed on 31 March 2026.”
- “After the year end, the Company announced a reorganisation of its operations. The reorganisation will involve changes to the Company's organisational structure and operational processes and is intended to support the long-term strategic objectives of the business.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 27 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COLLETT, James David | Director | 2023-09-01 | Oct 1975 | British |
| SHAW, Craig Richard | Director | 2025-11-03 | Jan 1977 | British |
Show 27 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ADAMS, Geoffrey Martin | Secretary | 2016-05-01 | 2018-04-06 |
| ALPIN, Janet | Secretary | — | 2016-05-01 |
| BLYTHE, Edwin Charles | Secretary | 2018-04-06 | 2023-01-31 |
| ADAMS, Geoffrey Martin | Director | 2002-11-26 | 2014-02-04 |
| ATKINSON, Barrie | Director | 1997-02-20 | 2013-08-16 |
| ATTWELL, Paul | Director | 2000-10-19 | 2012-04-27 |
| BLYTHE, Edwin Charles | Director | 2018-09-04 | 2023-01-31 |
| BRIERLEY, Charles Ashley | Director | 2018-12-31 | 2019-12-02 |
| BRIERLEY, Charles Ashley | Director | 2009-09-30 | 2014-02-04 |
| BROWN, David Gerrie | Director | — | 1998-09-11 |
| CLOSE, Bryan | Director | 2012-06-19 | 2014-01-04 |
| DRAUDE, Barry | Director | 2016-10-31 | 2018-08-31 |
| DRAUDE, Barry | Director | 2006-04-11 | 2014-02-04 |
| EDWARDS, Neville Geoffrey | Director | 1998-03-30 | 2014-02-04 |
| GEORGE, Dieno | Director | 2001-10-23 | 2018-12-31 |
| GREIG, David George Taylor, Dr | Director | — | 2005-10-28 |
| HEYWOOD, Kathryn Maria | Director | 2023-01-31 | 2023-09-01 |
| ROSS, Vernon Ellerker | Director | — | 1993-02-03 |
| SCARLETT-SMITH, Roger Lidderdale | Director | 2019-12-02 | 2022-10-01 |
| SLEGERS, Luc Maurice Godelieva | Director | 2014-02-14 | 2017-10-31 |
| STEPHENSON, Nigel David | Director | 2023-08-01 | 2025-07-31 |
| SYDOW, Volker | Director | 2025-06-13 | 2025-11-03 |
| THORNTON, Jonathan Henry | Director | — | 2013-08-16 |
| THORNTON, Margaret Betty | Director | — | 2001-10-23 |
| THORNTON, Ralph | Director | — | 2004-06-24 |
| VALENTINE, Joe, Dr | Director | — | 1997-04-12 |
| WHITELEY, Nancy | Director | — | 2001-10-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Stada Uk Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-07-01 | Active |
Filing timeline
Last 20 of 194 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-07 | AA | accounts | Accounts with accounts type full | |
| 2026-04-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-08-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-04 | AA | accounts | Accounts with accounts type full | |
| 2025-05-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-12 | CH01 | officers | Change person director company with change date | |
| 2025-01-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-08 | AA | accounts | Accounts with accounts type full | |
| 2024-08-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-18 | CH01 | officers | Change person director company with change date | |
| 2024-04-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-10 | CH01 | officers | Change person director company with change date | |
| 2023-09-04 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-29 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.