VECTURA LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-01 (in 4mo)
Last made up 2025-08-18
Watchouts
None on the register
Cash
£9M
+38.1% vs 2023
Net assets
-£117M
-78.8% vs 2023
Employees
338
-4% vs 2023
Profit before tax
-£50M
-35.9% vs 2023
Net assets
2-year trend · vs Health Care median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £25,600,000 | £26,000,000 | |
| Operating profit | -£47,100,000 | -£43,400,000 | |
| Profit before tax | -£36,500,000 | -£49,600,000 | |
| Net profit | -£36,000,000 | -£51,400,000 | |
| Cash | £6,300,000 | £8,700,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | -£65,200,000 | -£116,600,000 | |
| Equity | -£65,200,000 | -£116,600,000 | |
| Average employees | 352 | 338 | |
| Wages | £24,400,000 | £23,200,000 | |
| Directors' remuneration | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+1.6%
£25,600,000 £26,000,000
-
Cash
+38.1%
£6,300,000 £8,700,000
-
Net assets
-78.8%
-£65,200,000 -£116,600,000
-
Employees
-4%
352 338
-
Operating profit
+7.9%
-£47,100,000 -£43,400,000
-
Profit before tax
-35.9%
-£36,500,000 -£49,600,000
-
Wages
-4.9%
£24,400,000 £23,200,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -184.0% | -166.9% | |
| Net margin | -140.6% | -197.7% | |
| Gearing (liabilities / total assets) | 176.7% | 293.0% | |
| Current ratio | 0.45x | 0.14x | |
| Interest cover | -12.39x | -7.00x |
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
- VECTURA LIMITED 2004-07-13 → present
- COORDINATED DRUG DEVELOPMENT LIMITED 1983-02-03 → 2004-07-13
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Consequently, the Directors are confident that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least twelve months from the date of approval of the financial statements.”
Significant events
- “On 17 September 2024, the Company's ultimate parent, Philip Morris Inc, announced the sale of its investment in Vectura Group Limited and its subsidiaries, including Vectura Limited, to Molex Asia Holdings Limited, a UK incorporated company. The sale was completed on 31 December 2024.”
- “On 25 November 2024, in connection with the change in control discussed above, the Company received a loan in the amount of £67.0m from Vectura Group Limited. The Company used this cash to repay its revolving credit facility with Philip Morris Finance AG, a previous group affiliate prior to the change of control, in full. The amount repaid was £63.5m.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ZEITLER, Robert John | Secretary | 2025-06-30 | — | — |
| SCHUMACHER, Charles Peter | Director | 2025-06-30 | Jul 1969 | American |
| WILLIAMS, Chad Martin | Director | 2023-08-09 | Nov 1973 | British |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BURRELL, Peter Frederick | Secretary | 2000-07-19 | 2015-01-01 |
| MEAKIN, Brian John | Secretary | — | 1999-08-04 |
| MURPHY, John | Secretary | 2016-09-13 | 2025-06-30 |
| WHITROW, Jane Elizabeth, Dr | Secretary | 1999-08-04 | 2000-07-19 |
| BLACKWELL, Christopher Paul, Dr | Director | 2004-06-09 | 2015-07-01 |
| DAVIES, David James Geler, Professor | Director | — | 2004-06-09 |
| DERODRA, Mehul Andrew | Director | 2016-06-10 | 2018-07-31 |
| DOWNIE, William | Director | 2020-02-05 | 2022-03-31 |
| FRY, Paul Andrew | Director | 2019-06-30 | 2022-03-31 |
| GANDERTON, David, Prof | Director | — | 2004-06-09 |
| GOUGH, David Anthony | Director | 1999-08-04 | 2000-02-01 |
| HYLAND, Anne Philomena | Director | 2002-04-23 | 2013-07-01 |
| KEEN, Peter Stephen | Director | 1999-08-04 | 2002-04-23 |
| KNOWLES, Elizabeth Teresa | Director | 2022-03-31 | 2023-07-31 |
| MARRIOTT, Christopher, Prof | Director | — | 1999-08-04 |
| MEAKIN, Brian John | Director | — | 1999-08-04 |
| MURPHY, John | Director | 2022-03-31 | 2025-06-30 |
| MURPHY, John | Director | 2018-07-31 | 2020-02-05 |
| OAKLEY, Andrew John | Director | 2015-01-01 | 2016-06-10 |
| OLIVER, Paul Stephen | Director | 2013-07-01 | 2015-01-01 |
| PHILLIPS, Trevor Michael, Dr | Director | 2012-09-01 | 2017-05-31 |
| STANIFORTH, John Nicholas | Director | — | 2004-06-09 |
| STEVENS, Malcolm Francis Graham, Prof | Director | — | 1999-08-04 |
| WARD-LILLEY, James Alexander | Director | 2015-10-01 | 2019-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Vectura Group Investments Limited | Corporate entity | ownership-of-shares-75-to-100-percent-as-firm, voting-rights-75-to-100-percent-as-firm, right-to-appoint-and-remove-directors-as-firm | 2016-04-06 | Active |
Filing timeline
Last 20 of 154 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-04 | AA | accounts | Accounts with accounts type full | |
| 2025-08-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-03 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-07-03 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-03 | AA | accounts | Accounts with accounts type full | |
| 2024-08-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-04 | AA | accounts | Accounts with accounts type full | |
| 2023-08-22 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-10 | AP01 | officers | Appoint person director company with name date | |
| 2022-10-11 | AA | accounts | Accounts with accounts type full | |
| 2022-08-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-31 | AP01 | officers | Appoint person director company with name date | |
| 2022-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2022-03-31 | AP01 | officers | Appoint person director company with name date | |
| 2022-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2021-08-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-05 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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.