THE HEALTH FOUNDATION
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Cash
£5.3m
+4.8% vs 2024
Net assets
£1.3bn
+2.8% highest in 3 filed years
Employees
281
+2.9% highest in 3 filed years
Profit before tax
—
Period ending 2025-12-31
Net assets
3-year trend · vs Health Care 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 |
|---|---|---|---|---|---|
| Total income | — | — | — | — | |
| Operating profit | -£44,162,000 | -£50,081,000 | -£47,396,000 | +5.4% | |
| Profit before tax | — | — | — | — | |
| Net profit | £27,591,000 | £53,189,000 | -£34,723,000 | -165.3% | |
| Cash | £7,422,000 | £5,033,000 | £5,274,000 | +4.8% | |
| Total assets less current liabilities | £1,190,934,000 | £1,238,024,000 | £1,278,015,000 | +3.2% | |
| Net assets | £1,175,071,000 | £1,228,260,000 | £1,262,983,000 | +2.8% | |
| Equity | £1,175,071,000 | £1,228,260,000 | £1,262,983,000 | +2.8% | |
| Average employees | 246 | 273 | 281 | +2.9% | |
| Wages | £14,854,000 | £17,123,000 | £20,076,000 | +17.2% | |
| Directors' remuneration | £2,000 | £1,652,000 | £1,488,000 | -9.9% |
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 |
|---|---|---|---|---|
| Return on capital employed | -3.7% | -4.0% | -3.7% | |
| Gearing (liabilities / total assets) | 2.9% | 1.9% | 2.0% | |
| Current ratio | — | 0.47x | 0.63x |
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 3 times since incorporation
- THE HEALTH FOUNDATION 2003-07-09 → present
- THE PPP FOUNDATION 2001-12-31 → 2003-07-09
- PPP HEALTHCARE MEDICAL TRUST LIMITED 1996-08-02 → 2001-12-31
- PPP MEDICAL TRUST LIMITED 1983-04-14 → 1996-08-02
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- UHY Hacker Young
- 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 group or parent charitable company's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.”
Group structure
- THE HEALTH FOUNDATION · parent
- Medtrust Innovations Limited 100%
- The Victoria Fund LP Incorporated
- THIS Labs Limited 70.17%
Significant events
- “2025 saw the Q community move to its new home at the NHS Alliance, where it will build on the past decade's work supporting quality improvement in health across the UK and Ireland.”
- “Sir David Behan took over as Chair from Sir Hugh Taylor in August 2025.”
- “in July 2025 this meant we formally recognised UNISON as our trade union.”
- “we started collective consultation on the proposals in November 2025”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
12 active · 62 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BEHAN, David, Sir | Director | 2025-07-09 | Nov 1955 | British |
| BLACKLOCK, Katherine Victoria | Director | 2021-03-12 | Nov 1973 | British |
| EDGE, Dawn Ethilda, Professor | Director | 2021-03-12 | Jan 1957 | British |
| GRAHAM, Kim Samantha, Professor | Director | 2025-08-16 | Nov 1968 | British |
| HAWKINS, Loraine | Director | 2017-04-13 | Sep 1957 | British |
| HUSSEY, Ruth Mary, Dr | Director | 2018-02-09 | Apr 1956 | British |
| NAJSAREK, Paul John | Director | 2023-03-01 | Mar 1967 | British |
| REID, Karen | Director | 2025-08-12 | Nov 1969 | British |
| SINKER, James Roland | Director | 2023-03-01 | Dec 1970 | British |
| SMART, David Eynon | Director | 2019-05-16 | Jul 1961 | British |
| WESTLAKE, Stian | Director | 2025-08-12 | Dec 1977 | British,Norwegian |
| WINTOUR, Rachel | Director | 2024-06-20 | Nov 1969 | British |
Show 62 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DEEMING, Nicholas | Secretary | 1996-07-24 | 1997-12-11 |
| LONG, John Herbert | Secretary | — | 1996-07-24 |
| SHELDON, Jonathan Richard | Secretary | 2008-06-18 | 2012-01-18 |
| STEPHENSON, Robin | Secretary | 1997-12-11 | 2007-05-18 |
| THORNTON, Stephen | Secretary | 2007-05-18 | 2008-06-18 |
| ASHER, Bernard Harry | Director | 1998-03-05 | 2006-09-15 |
| BANKS, William Lawrence | Director | 1999-05-26 | 2003-05-13 |
| BAUM, John David | Director | 1999-05-26 | 1999-09-05 |
| BAYLISS, Richard Ian Samuel | Director | — | 1998-12-31 |
| BLACK, Carol, Professor | Director | 2004-04-19 | 2007-09-19 |
| BLAXLAND, Richard Bryan | Director | 1998-03-05 | 1999-09-23 |
| CARTER, David Craig, Professor | Director | 2000-11-13 | 2008-12-04 |
| CARTER, Yvonne Helen, Professor | Director | 1999-05-26 | 2007-09-19 |
| CATTO, Graeme Robertson Dawson, Proffessor | Director | 2001-04-04 | 2002-06-28 |
| COOKE, Richard William Ingram, Professor | Director | 1999-11-23 | 2005-09-16 |
| DALTON, David Nigel, Sir | Director | 2014-01-06 | 2023-07-14 |
| EASTON, James William | Director | 2006-12-13 | 2009-07-08 |
| EASTON, Murray Simpson | Director | 2011-02-09 | 2017-02-02 |
| FRESKO, Adrienne Sheila | Director | 2004-04-19 | 2013-11-26 |
| GADSDEN, Peter Drury Haggerston, Sir | Director | 1996-07-24 | 1999-09-23 |
| GIDOOMAL, Balram | Director | 1999-11-23 | 2005-09-16 |
| GOLDMAN, Mark David | Director | 2007-12-13 | 2011-11-28 |
| GOODWIN, Neil, Dr | Director | 2006-12-13 | 2008-10-07 |
| GOOSE, Margaret Elizabeth | Director | 2006-12-13 | 2016-07-04 |
| GRABHAM, Anthony Herbert, Sir | Director | 1998-03-05 | 2001-07-11 |
| GREGORY, Eric Allan | Director | 2017-04-13 | 2025-06-30 |
| GURUMURTHY, Ravi Krishnan | Director | 2021-03-12 | 2025-08-31 |
| HAM, Christoper John, Professor | Director | 2006-01-09 | 2010-03-24 |
| HOLE, Martyn | Director | 2012-06-01 | 2021-07-15 |
| JEFFREYS, Branwen | Director | 2015-05-18 | 2024-07-11 |
| KELLY, Deidre, Prof | Director | 2007-12-12 | 2016-07-04 |
| KIDNER, Geoffrey Thomas | Director | — | 1992-10-20 |
| LADY VALLANCE OF TUMMEL, Elizabeth Mary | Director | 1999-05-26 | 2008-06-18 |
| LANGLANDS, Alan Robert, Sir | Director | 2008-12-04 | 2017-11-22 |
| LORD, Peter Herent | Director | — | 2000-11-08 |
| MACINTYRE, Sarah Jane, Professor | Director | 2000-11-07 | 2002-09-02 |
| MARSHALL, Mary Tara, Professor | Director | 1998-03-05 | 2003-05-13 |
| MCINTYRE, Bridget Fiona | Director | 2009-12-22 | 2019-07-12 |
| MCNEILLY, Robert Henry, Dr | Director | — | 2003-07-29 |
| MCPHERSON, Klim, Professor | Director | 2000-11-07 | 2006-09-15 |
| MORRIS, Andrew, Professor | Director | 2007-12-12 | 2017-07-07 |
| MORRIS, Peter John, Sir | Director | 1998-03-05 | 2003-05-13 |
| NEBHRAJANI, Sharmila | Director | 2018-02-09 | 2021-07-30 |
| NEWMAN, Lotte Therese, Dr | Director | 1996-07-24 | 1999-09-23 |
| PECKHAM, Michael, Professor Sir | Director | 1998-03-05 | 1999-01-20 |
| PENTECOST, Brian Leonard, Professor | Director | 1993-02-12 | 2004-06-16 |
| PETERS, David Keith, Professor Sir | Director | 1998-03-05 | 2002-06-28 |
| POOLE, Melloney Marina Caroline | Director | 2013-08-12 | 2021-12-31 |
| POWER, Maxine, Dr | Director | 2009-06-18 | 2014-07-10 |
| PROBERT, David Henry | Director | 1998-03-05 | 1999-09-23 |
| RENFREW, Andrew Colin, Professor Lord Renfrew Of Kairnsthorn | Director | 1998-03-05 | 2002-06-28 |
| ROQUES, David John Seymour | Director | 2001-11-06 | 2005-06-07 |
| SAVILL, John Stewart, Professor | Director | 2001-04-04 | 2010-06-17 |
| SAYERS, Michael Bernard | Director | 1998-03-05 | 2004-06-16 |
| SAYERS, Michael Bernard | Director | 1995-03-27 | 1996-07-24 |
| SHELDON, Mark Hebberton | Director | 1998-03-05 | 2002-06-28 |
| SMYTH, Rosalind Louise, Professor | Director | 2016-04-04 | 2025-07-18 |
| SOBIERAJ, Jan Janusz | Director | 2005-03-10 | 2014-07-10 |
| SWALES, John Douglas, Professor | Director | 1999-05-26 | 2000-10-17 |
| TAYLOR, Hugh Henderson, Sir | Director | 2017-04-13 | 2025-07-31 |
| WILFORD, John Maxwell Ashby | Director | 2005-03-10 | 2014-07-10 |
| ZAHN, David | Director | 2011-06-01 | 2020-07-09 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 272 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-07 | AA | accounts | Accounts with accounts type group | |
| 2026-07-27 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-27 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-21 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-21 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-21 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-28 | AA | accounts | Accounts with accounts type group | |
| 2025-07-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-22 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-09 | AA | accounts | Accounts with accounts type group | |
| 2024-07-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-17 | CH01 | officers | Change person director company with change date | |
| 2023-07-31 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.