SMITH & NEPHEW PLC
Trading as Smith+Nephew, the London-listed multinational medical technology company develops and manufactures products for orthopaedics, sports medicine, and advanced wound management.
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Cash
£419M
USD 557,000,000
-10% vs 2024
Net assets
£4.2B
USD 5,629,000,000
+2.1% highest in 4 filed years
Employees
17,530
-2.9% lowest in 4 filed years
Profit before tax
£586M
USD 779,000,000
+56.4% highest in 4 filed years
Watch the reel
Our short-form breakdown of SMITH & NEPHEW PLC's latest filing
FTSE 100 med-tech giant Smith+Nephew posts £6.1bn in revenue, with operating profits climbing to £794m even as headcount falls. 🦴📈
Net assets
4-year trend · vs Basic Materials median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | £3,920,168,383 | £4,171,239,570 | £4,367,435,917 | £4,633,541,306 | +6.1% | |
| Operating profit | £338,269,563 | £319,476,810 | £493,873,562 | £596,857,852 | +20.9% | |
| Profit before tax | £176,651,883 | £217,995,941 | £374,351,650 | £585,582,200 | +56.4% | |
| Net profit | £167,631,361 | £197,699,767 | £309,704,578 | £469,818,838 | +51.7% | |
| Cash | £227,016,462 | £227,016,462 | £465,308,577 | £418,702,548 | -10% | |
| Total assets less current liabilities | £5,809,967,676 | £5,809,967,676 | £6,722,543,787 | £6,757,874,164 | +0.5% | |
| Net assets | £4,185,522,063 | £4,185,522,063 | £4,142,674,585 | £4,231,376,381 | +2.1% | |
| Equity | £4,185,522,063 | £3,957,753,890 | £4,001,353,078 | £3,975,794,933 | -0.6% | |
| Average employees | 19,094 | 19,081 | 18,060 | 17,530 | -2.9% | |
| Wages | £1,176,426,370 | £1,416,973,615 | £1,467,338,194 | £1,481,620,687 | +1% | |
| Directors' remuneration | — | — | £3,030,895 | — | — |
Figures converted to GBP from USD at 0.752 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|
| Operating margin | 8.6% | 7.7% | 11.3% | 12.9% | |
| Net margin | 4.3% | 4.7% | 7.1% | 10.1% | |
| Return on capital employed | 5.8% | 5.5% | 7.3% | 8.8% | |
| Gearing (liabilities / total assets) | 43.7% | 43.7% | 48.6% | 48.2% | |
| Current ratio | 1.86x | 1.86x | 2.49x | 2.20x | |
| Interest cover | 4.17x | 3.22x | 4.53x | 5.67x |
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.
Name history
Renamed 1 time since incorporation
- SMITH & NEPHEW PLC 1988-06-16 → present
- SMITH & NEPHEW ASSOCIATED COMPANIES PUBLIC LIMITED COMPANY 1937-02-17 → 1988-06-16
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors consider the Group has adequate resources to continue in operational existence for a period of at least twelve months from the date the financial statements are approved. The Directors continue to adopt the going concern basis of accounting in preparing the consolidated financial statements.”
Group structure
- SMITH & NEPHEW PLC · parent
- Smith & Nephew UK Limited
- Smith & Nephew Medical Limited
- Smith & Nephew Inc.
Significant events
- “Increased revenue on a reported basis by 6.1% to $6,164 million.”
- “Operating profit increased by 20.7% to $794 million.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
14 active · 44 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARRACLOUGH, Helen | Secretary | 2022-04-14 | — | — |
| ESPERDY, Therese Marie | Director | 2025-12-01 | Oct 1960 | American |
| HALLAS, Joanna Christine | Director | 2022-02-01 | Feb 1970 | British |
| KING, David | Director | 2025-07-01 | Jun 1956 | American |
| KONG, Garheng | Director | 2025-09-01 | Jun 1975 | American |
| LOWTH, Simon Jonathan | Director | 2024-01-01 | Sep 1961 | British |
| MA, John Changzheng, Dr | Director | 2021-02-17 | Aug 1962 | American |
| MAIDEN, Jeremy Kim | Director | 2023-09-14 | Apr 1961 | British |
| MAZUR-HOFSAESS, Katarzyna, Dr | Director | 2020-11-01 | Sep 1963 | Polish,German |
| NATH, Deepak | Director | 2022-04-01 | Apr 1972 | American |
| OWEN, Marc Ellis | Director | 2017-10-01 | Oct 1959 | British |
| ROGERS, John | Director | 2024-04-01 | Jul 1968 | British |
| SOAMES, Rupert Christopher | Director | 2023-04-26 | May 1959 | British |
| STANLEY, Sybella Jane | Director | 2025-02-01 | Jun 1961 | British |
Show 44 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHAMBERS, Paul Richard | Secretary | 2002-04-08 | 2009-05-15 |
| PARSON, Michael George | Secretary | — | 2002-04-08 |
| SWABEY, Susan Margaret | Secretary | 2009-05-15 | 2022-04-13 |
| BAKER, Graham Timothy | Director | 2017-03-01 | 2020-04-09 |
| BALI, Vinita | Director | 2014-12-01 | 2020-12-31 |
| BARLOW, Ian Edward | Director | 2010-03-05 | 2019-04-11 |
| BERGER, Genevieve Bernadette, Prof | Director | 2010-03-05 | 2012-11-01 |
| BLAIR, Jack Roger | Director | — | 1998-12-31 |
| BOHUON, Olivier Jean | Director | 2011-04-01 | 2018-05-07 |
| BOTTOMLEY, Virginia Hilda Brunette Maxwell, Baroness | Director | 2012-04-12 | 2021-04-14 |
| BROWN, Julie Belita | Director | 2013-02-04 | 2017-01-11 |
| BUCHANAN, John Gordon St Clair, Sir | Director | 2005-02-03 | 2014-04-10 |
| CLEAVER, Anthony Brian, Sir | Director | 1993-03-01 | 2002-02-28 |
| DE SCHUTTER, Richard Urbain | Director | 2001-01-01 | 2014-04-10 |
| DIGGELMANN, Roland Daniel | Director | 2018-03-01 | 2022-03-31 |
| ENGSTROM, Erik | Director | 2015-01-01 | 2023-12-31 |
| EUSTACE, Dudley Graham | Director | 1999-11-10 | 2006-04-27 |
| FREESTONE, Robin Anthony David | Director | 2015-09-01 | 2022-09-30 |
| FRIEDMAN, Michael Allen | Director | 2013-04-11 | 2019-04-11 |
| FRYER, Alan Richmond | Director | — | 2000-10-26 |
| HENNAH, Adrian | Director | 2006-06-15 | 2012-12-31 |
| HOOLEY, Peter | Director | — | 2006-06-30 |
| ILLINGWORTH, David | Director | 2006-02-08 | 2011-04-14 |
| KENNEDY, Francis, Sir | Director | — | 1996-12-31 |
| KIELY, Michael Joseph | Director | — | 1992-09-29 |
| KINDER, Eric | Director | — | 1997-06-30 |
| KIRBY, Pamela Josephine, Dr | Director | 2002-03-01 | 2014-07-31 |
| KNOWLTON, Warren D | Director | 2000-11-01 | 2010-05-06 |
| LANE, Nancy Jane, Dr | Director | — | 2000-10-26 |
| LANKESTER, Timothy Patrick, Sir | Director | 1996-06-01 | 2003-04-29 |
| LARCOMBE, Brian Paul | Director | 2002-03-01 | 2017-04-06 |
| MACPHERSON, Michael Alastair Fox | Director | — | 1997-04-23 |
| MEDLOCK, Charles Richard Kenneth | Director | 2020-04-09 | 2024-04-30 |
| NAWANA, Namal Sasrika | Director | 2018-05-07 | 2019-10-31 |
| NESMES, Anne-Francoise | Director | 2020-07-27 | 2024-03-31 |
| O'DONNELL, Christopher John, Sir | Director | 1992-09-01 | 2007-07-31 |
| PAPA, Joseph | Director | 2008-08-01 | 2018-04-12 |
| PEARSE, Brian Gerald, Sir | Director | 1993-03-01 | 2002-02-28 |
| PIRAMAL, Ajay Gopikisan | Director | 2012-01-01 | 2014-03-24 |
| QUARTA, Roberto | Director | 2013-12-04 | 2023-09-15 |
| RISLEY, Angela Susan | Director | 2017-09-18 | 2026-05-06 |
| ROBINSON, John Harris | Director | — | 1999-12-31 |
| STOMBERG, Rolf Wilhelm Heinrich, Dr | Director | 1998-01-01 | 2012-04-12 |
| WHITE, Robert John | Director | 2020-05-01 | 2025-04-30 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 5870 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-23 MA Memorandum articles
- 2026-06-23 RESOLUTIONS Resolution
- 2026-02-21 CC04 Statement of companys objects
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-02 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2026-07-02 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-06-24 | AA | accounts | Accounts with accounts type group | |
| 2026-06-23 | MA | incorporation | Memorandum articles | |
| 2026-06-23 | RESOLUTIONS | resolution | Resolution | |
| 2026-05-27 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2026-05-27 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2026-05-21 | SH01 | capital | Capital allotment shares | |
| 2026-05-08 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-02 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2026-03-16 | CH01 | officers | Change person director company with change date | |
| 2026-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-21 | CC04 | change-of-constitution | Statement of companys objects | |
| 2026-02-19 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2026-01-14 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2025-12-31 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-12-31 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-12-31 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-12-31 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2025-12-31 | SH03 | capital | Capital return purchase own shares treasury capital date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 13
- Officers appointed
- 3
- 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.