NAPP PHARMACEUTICAL HOLDINGS LIMITED
Operating as part of the Mundipharma network, this private holding company oversees the manufacture and wholesale of prescription medicines, notably pain management pharmaceuticals, for the UK healthcare sector.
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Cash
£65m
-59.1% vs 2024
Net assets
£337m
+945.2% highest in 3 filed years
Employees
379
-0.5% lowest in 3 filed years
Profit before tax
£23m
-34.2% lowest in 3 filed years
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 | £173,745,000 | £154,708,000 | £167,833,000 | +8.5% | |
| Operating profit | £39,111,000 | £26,881,000 | £14,000,000 | -47.9% | |
| Profit before tax | £42,846,000 | £35,619,000 | £23,455,000 | -34.2% | |
| Net profit | £32,565,000 | £26,547,000 | £15,433,000 | -41.9% | |
| Cash | £63,061,000 | £158,264,000 | £64,691,000 | -59.1% | |
| Total assets less current liabilities | £304,337,000 | £332,031,000 | £348,546,000 | +5% | |
| Net assets | £296,069,000 | £32,207,000 | £336,627,000 | +945.2% | |
| Equity | £296,069,000 | £32,207,000 | £336,627,000 | +945.2% | |
| Average employees | 400 | 381 | 379 | -0.5% | |
| Wages | £24,735,000 | £21,369,000 | £23,223,000 | +8.7% | |
| Directors' remuneration | £746,000 | £506,000 | £179,000 | -64.6% | |
| Highest paid director | £746,000 | £506,000 | £179,000 | -64.6% |
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 | 22.5% | 17.4% | 8.3% | |
| Net margin | 18.7% | 17.2% | 9.2% | |
| Return on capital employed | 12.9% | 8.1% | 4.0% | |
| Gearing (liabilities / total assets) | 13.1% | 91.4% | 12.6% | |
| Current ratio | 8.39x | 7.85x | 8.92x |
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
- NAPP PHARMACEUTICAL HOLDINGS LIMITED 1998-11-02 → present
- NAPP PHARMACEUTICALS LIMITED 1997-12-19 → 1998-11-02
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on this assessment the directors continue to adopt the going concern basis in preparing the annual report and accounts.”
Group structure
- NAPP PHARMACEUTICAL HOLDINGS LIMITED · parent
- Napp Pharmaceutical Group Limited 100%
- Napp Pharmaceuticals Limited 99.6%
- Qdem Pharmaceuticals Limited 99.6%
- Napp Laboratories Limited 100%
- Bard Pharmaceuticals Limited 100%
- Napp Research Centre Limited 100%
Significant events
- “On 14 February 2025, an agreement was made by Napp Pharmaceutical Holdings Limited to fully settle a claim from 2016. The final settlement was £3,000,000.”
- “On 28 April 2025, the board of the Company agreed a loan of £125,000,000 to a related party supported by a security agreement and registered charge.”
- “On 21 January 2026, the trustees of the Napp Pharmaceutical Group Pension Scheme entered into a pension insurance buy-in contract with Rothesay Life plc for £182,300,000.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 30 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JAMIESON, Stephen Johan | Director | 2019-02-22 | Sep 1957 | British |
| LEA, Bryan George | Director | 2020-01-01 | Jun 1961 | British |
Show 30 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CORNHILL SERVICES LIMITED | Corporate Secretary | 2008-03-25 | 2009-02-26 |
| TIERCEL SERVICES LIMITED | Corporate Secretary | 2009-02-26 | 2018-06-11 |
| TIERCEL SERVICES LIMITED | Corporate Secretary | 1997-12-19 | 2008-03-25 |
| BAKER, Stuart David | Director | 1997-12-19 | 2019-12-31 |
| BOER, Peter | Director | 2008-04-18 | 2018-06-20 |
| COSTA, Paulo Ferraz | Director | 2012-04-25 | 2018-06-11 |
| LEWENT, Judy | Director | 2009-05-26 | 2014-12-31 |
| LOOMIX, William | Director | 2008-05-14 | 2008-07-31 |
| MANNERS, Paul | Director | 1997-12-19 | 2001-12-31 |
| MATTESSICH, Antony | Director | 2011-05-19 | 2017-07-31 |
| MITCHELL, Christopher Benbow | Director | 1997-12-19 | 2018-04-12 |
| PICKETT, Cecil | Director | 2010-01-21 | 2018-06-11 |
| SACKLER, Beverly | Director | 1999-04-05 | 2017-10-17 |
| SACKLER, David Alex | Director | 2012-07-19 | 2018-06-11 |
| SACKLER, Jonathan David | Director | 1999-04-06 | 2018-06-11 |
| SACKLER, Kathe Anne, Dr | Director | 1999-04-08 | 2018-06-11 |
| SACKLER, Mortimer David Alfons | Director | 1999-04-06 | 2018-06-11 |
| SACKLER, Mortimer David | Director | 1999-03-11 | 2010-03-24 |
| SACKLER, Raymond Raphael | Director | 1999-04-01 | 2017-07-17 |
| SACKLER, Richard Stephen | Director | 1999-03-31 | 2018-06-11 |
| SACKLER, Theresa | Director | 1999-03-11 | 2018-06-11 |
| SACKLER HUNT, Samantha Sophia | Director | 1999-05-07 | 2017-10-17 |
| SACKLER LEFCOURT, Ilene | Director | 1999-04-05 | 2018-06-11 |
| SHAPIRO, Robert | Director | 2005-02-09 | 2008-05-16 |
| SNYDERMAN, Ralph | Director | 2012-08-01 | 2017-10-30 |
| THEURILLAT, Jacques | Director | 2016-02-02 | 2018-06-11 |
| WHITE, Jonathon Grenville | Director | 1999-03-26 | 2002-09-06 |
| WIKSTROM, Ake Gunnar | Director | 2018-04-12 | 2019-02-22 |
| WIKSTROM, Ake Gunnar | Director | 2001-09-05 | 2011-05-19 |
| CECIL PICKETT | Corporate Director | 2010-01-21 | 2010-01-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Frank S. Vellucci | Individual | Appoints directors, Appoints directors (as trust) | 2023-11-03 | Active |
| Mr Rory A. Held | Individual | Appoints directors, Appoints directors (as trust) | 2023-11-03 | Active |
| Mr Daniel Connolly | Individual | Appoints directors, Appoints directors (as trust) | 2023-11-03 | Active |
| Mr Leslie John Schreyer | Individual | Significant influence (as trust) | 2019-02-14 | Active |
| Mr Jeffrey Robins | Individual | Significant influence (as trust) | 2019-02-14 | Active |
| Mrs Alexa Mairi Saunders | Individual | Significant influence (as trust) | 2018-03-05 | Active |
| Mr Stuart David Baker | Individual | Shares 25–50% | 2016-04-06 | Ceased 2018-12-20 |
| Mr Peter Minton Ward | Individual | Shares 25–50%, Significant influence (as trust) | 2016-04-06 | Ceased 2018-06-03 |
| Mr Christopher Benbow Mitchell | Individual | Significant influence (as trust) | 2016-04-06 | Ceased 2018-04-12 |
| Ms Hermance Bernadette Monique Schaepman | Individual | Significant influence (as trust) | 2016-04-06 | Active |
Filing timeline
Last 20 of 221 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-15 | AA | accounts | Accounts with accounts type group | |
| 2026-06-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-17 | CH01 | officers | Change person director company with change date | |
| 2025-09-09 | AA | accounts | Accounts with accounts type group | |
| 2025-05-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-06 | AD02 | address | Change sail address company with old address new address | |
| 2025-02-05 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-12-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-12-03 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-12-03 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-12-03 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-08-27 | AA | accounts | Accounts with accounts type group | |
| 2024-06-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-04 | CH01 | officers | Change person director company with change date | |
| 2023-10-10 | AA | accounts | Accounts with accounts type group | |
| 2023-06-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-14 | AA | accounts | Accounts with accounts type group | |
| 2022-07-04 | CH01 | officers | Change person director company with change date | |
| 2022-06-22 | AD02 | address | Change sail address company with old address new address | |
| 2022-06-22 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.