MASTERS PHARMACEUTICALS LIMITED
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Cash
£984K
-43.6% vs 2023
Net assets
£1.2M
-12% vs 2023
Employees
80
+2.6% vs 2023
Profit before tax
£289K
+121.9% vs 2023
Net assets
2-year trend · vs Health Care median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £26,133,644 | £26,067,236 | -0.3% | |
| Operating profit | -£1,038,708 | £509,349 | +149% | |
| Profit before tax | -£1,315,010 | £288,633 | +121.9% | |
| Net profit | -£1,474,641 | £97,047 | +106.6% | |
| Cash | £1,745,202 | £984,291 | -43.6% | |
| Total assets less current liabilities | £1,342,034 | £1,180,650 | -12% | |
| Net assets | £1,342,034 | £1,180,650 | -12% | |
| Equity | £1,342,034 | £1,180,650 | -12% | |
| Average employees | 78 | 80 | +2.6% | |
| Wages | £3,114,635 | £3,194,920 | +2.6% | |
| Directors' remuneration | £753,721 | £951,481 | +26.2% |
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 |
|---|---|---|---|
| Operating margin | -4.0% | 2.0% | |
| Net margin | -5.6% | 0.4% | |
| Return on capital employed | -77.4% | 43.1% | |
| Current ratio | 1.14x | 1.14x | |
| Interest cover | -3.71x | 2.31x |
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 4 times since incorporation
- MASTERS PHARMACEUTICALS LIMITED 2014-05-12 → present
- MASTERS SPECIALITY PHARMA LIMITED 2014-03-28 → 2014-05-12
- MASTERS PHARMACEUTICALS LIMITED 2009-03-23 → 2014-03-28
- MASTERS INTERNATIONAL (UK) LIMITED 1992-03-20 → 2009-03-23
- MASTERS MARKETING CO. LTD 1984-10-17 → 1992-03-20
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors continue to have a reasonable expectation that the Group has resources to continue in operational existence for the foreseeable future. Hence they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Group structure
- MASTERS PHARMACEUTICALS LIMITED · parent
- Masters Medical Inc 100%
- Aregno S.A. 100%
- Drogueria Masters S.A. de C.V 100%
- Masters Pharmaceuticals Ltda 100%
- Masters Bio Pharmaceuticals 100%
- Zenthique Limited 100%
Significant events
- “2024 was negatively impacted by the follow through of high inflation that put pressure on company costs and customer budgets where the group operates. Despite these challenges the business was able to grow EBITDA. There were some exceptional costs relating to historic items that were reversed in 2024 which accounted for some of the improvement reported.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| IRWIN MITCHELL SECRETARIES LIMITED | Corporate Secretary | 2011-02-24 | — | — |
| CLARKE, Simon Owen | Director | 2022-02-01 | Feb 1970 | British |
| GOLDFARB, Robert Ira | Director | 2023-05-31 | Aug 1955 | American |
| MASTERS, Suzad | Director | 2017-06-05 | Sep 1958 | British |
| MASTERS, Zain | Director | 2022-06-27 | Nov 1989 | British |
| MASTERS, Zulfikar | Director | — | Feb 1956 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MASTERS, Zabeen | Secretary | — | 2010-06-16 |
| BURNS, William Murray | Director | 2010-06-01 | 2015-06-30 |
| CLARKE, Simon Owen | Director | 2012-01-26 | 2018-07-16 |
| ELDER, Andrew Murdoch | Director | 2010-06-16 | 2017-02-22 |
| FOSTER, Lynda | Director | 2010-09-01 | 2017-10-06 |
| KANABAR, Parul | Director | 2019-03-01 | 2021-10-04 |
| KUMAR, Ashok | Director | 1999-10-04 | 2006-02-28 |
| MASTERS, Suzad | Director | 1996-02-06 | 2010-06-16 |
| MASTERS, Suzad | Director | — | 1992-04-01 |
| MASTERS, Zabeen | Director | — | 2010-06-16 |
| MCCUTCHEON, James Gary | Director | 2010-11-25 | 2011-08-19 |
| MORAN, David John | Director | 2010-06-16 | 2012-07-31 |
| TITTERSHILL, Andrew David | Director | 2022-03-21 | 2023-02-28 |
| WATSON, William Patrick, Dr | Director | 2017-10-06 | 2018-08-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs Zabeen Masters | Individual | Shares 50–75% (as trust), Voting 50–75% | 2017-08-21 | Ceased 2017-11-09 |
| Mr Zulfikar Masters | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2017-08-21 |
| Mr Michael James Fattorini | Individual | Shares 25–50% (as trust), Voting 25–50% (as trust) | 2016-04-06 | Ceased 2017-07-19 |
| Mr Gregory George Robert | Individual | Shares 25–50% (as trust), Voting 25–50% (as trust) | 2016-04-06 | Ceased 2017-07-19 |
Filing timeline
Last 20 of 221 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-11-12 RESOLUTIONS Resolution
- 2025-11-12 RESOLUTIONS Resolution
- 2025-10-27 RESOLUTIONS Resolution
- 2025-10-27 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-02 | AA | accounts | Accounts with accounts type group | |
| 2025-11-12 | RESOLUTIONS | resolution | Resolution | |
| 2025-11-12 | RESOLUTIONS | resolution | Resolution | |
| 2025-11-10 | SH01 | capital | Capital allotment shares | |
| 2025-10-27 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-27 | MA | incorporation | Memorandum articles | |
| 2025-10-03 | RP01CS01 | confirmation-statement | Replacement filing of confirmation statement with made up date | |
| 2025-09-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-18 | AD02 | address | Change sail address company with old address new address | |
| 2025-01-06 | AA | accounts | Accounts with accounts type group | |
| 2024-10-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-08 | CH01 | officers | Change person director company with change date | |
| 2024-10-07 | CH01 | officers | Change person director company with change date | |
| 2024-10-07 | CH01 | officers | Change person director company with change date | |
| 2024-01-13 | AA | accounts | Accounts with accounts type group | |
| 2023-11-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-31 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-09 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-03 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 1
- 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.