HVIVO SERVICES LIMITED
Operating under the hVIVO and FluCamp brands, the company is a specialist contract research organisation that conducts human challenge clinical trials for infectious and respiratory diseases as part of the London-listed hVIVO plc group.
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Cash
£12M
-70.7% lowest in 3 filed years
Net assets
-£26M
+6% highest in 3 filed years
Employees
45
-2.2% lowest in 3 filed years
Profit before tax
£3.1M
-79.7% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
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 |
|---|---|---|---|---|---|
| Turnover | £48,282,000 | £55,464,000 | £27,965,000 | -49.6% | |
| Operating profit | £11,211,000 | £14,177,000 | £3,268,000 | -76.9% | |
| Profit before tax | £12,399,000 | £15,320,000 | £3,113,000 | -79.7% | |
| Net profit | £17,380,000 | £12,634,000 | £1,651,000 | -86.9% | |
| Cash | £32,861,000 | £42,299,000 | £12,397,000 | -70.7% | |
| Total assets less current liabilities | -£26,809,000 | -£15,463,000 | -£14,055,000 | +9.1% | |
| Net assets | -£40,298,000 | -£27,664,000 | -£26,013,000 | +6% | |
| Equity | -£40,298,000 | -£27,664,000 | -£26,013,000 | +6% | |
| Average employees | 196 | 46 | 45 | -2.2% | |
| Wages | £10,541,000 | £12,301,000 | £10,525,000 | -14.4% | |
| Directors' remuneration | £894,000 | £989,000 | £272,000 | -72.5% |
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 | 23.2% | 25.6% | 11.7% | |
| Net margin | 36.0% | 22.8% | 5.9% | |
| Gearing (liabilities / total assets) | 154.3% | 133.4% | 139.5% | |
| Current ratio | 0.49x | 0.63x | 0.54x | |
| Interest cover | 83.04x | 14.47x | 3.32x |
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 3 times since incorporation
- HVIVO SERVICES LIMITED 2015-04-15 → present
- RETROSCREEN VIROLOGY LIMITED 2002-05-23 → 2015-04-15
- RETROSCREEN LIMITED 1989-05-30 → 2002-05-23
- SHOTROD LIMITED 1988-12-08 → 1989-05-30
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Gravita Audit II Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As at 31 December 2025, the Company had cash and cash equivalents of £12.4 million (2024: £42.3 million) and net current liabilities of £37.9 million (2024: £38.1 million). The Company has been provided with a letter of financial support from its ultimate parent company, hVIVO plc, for a minimum of twelve months from the date of issuing these financial statements.”
Significant events
- “In April 2026, the Company received notice from a client of its intention to commence formal arbitration proceedings in relation to an alleged contractual dispute arising from a clinical trial completed in 2024.”
- “There were no capital commitments as at 31 December 2025 (2024: £240,000 relating to the facility build in Canary Wharf).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 28 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KHAN, Yamin Mohammed, Dr | Director | 2023-02-02 | Aug 1969 | British |
| PINKERTON, Stephen Mark | Director | 2022-11-01 | Jul 1963 | British,South African |
Show 28 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BACK, Soren Jan Mikael | Secretary | 1996-07-01 | 1999-07-15 |
| FRASER, Shelley Kim | Secretary | 2019-01-01 | 2019-07-31 |
| HOLMS, Rupert Donald | Secretary | — | 1993-09-16 |
| PATEL, Anesh | Secretary | 2019-07-31 | 2020-11-01 |
| PULLEN, Andrew Brian | Secretary | 1993-09-16 | 1996-06-30 |
| SMITH, Andrew Paul | Secretary | 2006-09-12 | 2009-01-20 |
| SNAPE, Ronald Brent Rodgers | Secretary | 1999-07-15 | 2006-09-12 |
| YEATMAN, Graham Edward | Secretary | 2012-02-28 | 2018-12-31 |
| ALDRED, Keith, Dr | Director | 1999-03-23 | 2002-09-01 |
| CAMPBELL, Bruce, Dr | Director | 2006-08-17 | 2009-02-23 |
| CURTIS, Dean Simon | Director | 2002-09-01 | 2005-02-28 |
| DENNY, Kym | Director | 2010-12-15 | 2018-07-09 |
| FRIEL, Cathal | Director | 2020-04-01 | 2023-02-02 |
| HOLMS, Rupert Donald | Director | — | 1993-09-16 |
| LAMBKIN, Robert, Dr | Director | 1999-03-23 | 2010-12-16 |
| LYON, Stephen John | Director | 2007-07-26 | 2010-12-15 |
| NORWOOD, David Robert | Director | 2011-02-25 | 2015-04-29 |
| OXFORD, John Sidney | Director | — | 2014-05-21 |
| PERRIN, Charles John | Director | 1993-09-16 | 2011-06-28 |
| PHILLIPS, Trevor Michael | Director | 2018-04-27 | 2020-06-30 |
| QUEST, Caroline Anne | Director | 2005-03-01 | 2009-10-08 |
| SMITH, Andrew Paul | Director | 2006-09-12 | 2009-01-20 |
| TOOLE, Leo Patrick | Director | 2020-04-01 | 2022-11-01 |
| TRAVERS CLARKE, John | Director | 1993-09-16 | 2006-06-20 |
| TURNER, William | Director | 2009-05-28 | 2011-02-07 |
| YEATMAN, Graham Edward | Director | 2012-02-28 | 2018-12-31 |
| AQUARIUS EQUITY DIRECTOR LIMITED | Corporate Director | 2009-10-08 | 2014-05-21 |
| IP2IPO SERVICES LIMITED | Corporate Director | 2009-02-23 | 2015-04-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hvivo Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 230 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-29 | AA | accounts | Accounts with accounts type full | |
| 2026-02-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-14 | CH01 | officers | Change person director company with change date | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-02-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-05 | AD03 | address | Move registers to sail company with new address | |
| 2025-02-05 | AD02 | address | Change sail address company with new address | |
| 2024-10-08 | AA | accounts | Accounts with accounts type full | |
| 2024-08-21 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-07-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-07-01 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-02-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-31 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-08-01 | AA | accounts | Accounts with accounts type full | |
| 2023-04-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-08 | AP01 | officers | Appoint person director company with name date | |
| 2023-02-08 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-09 | AP01 | officers | Appoint person director company with name date | |
| 2022-11-09 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-22 | 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
- 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.