ASTEX THERAPEUTICS LIMITED
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Next accounts due
2027-09-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2026-05-16
Overdue
Watchouts
Cash
£53M
-53.3% vs 2024
Net assets
£164M
-18.3% vs 2024
Employees
183
+5.8% highest in 6 filed years
Profit before tax
£331M
+51.3% highest in 6 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-05-16.
Net assets
6-year trend · vs Health Care median
Accounts
6-year trend · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | £79,022,451 | £92,355,171 | £117,178,479 | £202,455,603 | £276,803,907 | £403,792,528 | |
| Operating profit | £34,713,867 | £45,518,901 | £69,063,399 | £138,705,487 | £217,672,176 | £339,607,762 | |
| Profit before tax | £33,369,681 | £45,701,138 | £73,302,810 | £136,566,115 | £219,057,011 | £331,372,037 | |
| Net profit | £29,862,670 | £39,867,658 | £65,726,357 | £122,000,313 | £189,226,912 | £283,380,911 | |
| Cash | £17,706,970 | — | £38,101,162 | £75,794,372 | £113,799,796 | £53,101,198 | |
| Total assets less current liabilities | — | — | — | — | £230,571,197 | £198,088,690 | |
| Net assets | £58,438,078 | £73,305,736 | £89,032,093 | £136,032,406 | £200,259,318 | £163,640,229 | |
| Equity | £58,438,078 | £73,305,736 | £89,032,093 | £136,032,406 | £200,259,318 | £163,640,229 | |
| Average employees | 142 | 156 | 157 | 166 | 173 | 183 | |
| Wages | — | — | — | — | £17,976,742 | £21,130,126 | |
| Directors' remuneration | — | — | — | — | £1,301,156 | £954,757 |
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
FY2024 → FY2025 · period ending 2025-12-31 vs 2024-12-31
-
Turnover
+45.9%
£276,803,907 £403,792,528
highest in 6 filed years
-
Cash
-53.3%
£113,799,796 £53,101,198
-
Net assets
-18.3%
£200,259,318 £163,640,229
-
Employees
+5.8%
173 183
highest in 6 filed years
-
Operating profit
+56%
£217,672,176 £339,607,762
highest in 6 filed years
-
Profit before tax
+51.3%
£219,057,011 £331,372,037
highest in 6 filed years
-
Wages
+17.5%
£17,976,742 £21,130,126
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 43.9% | 49.3% | 58.9% | 68.5% | 78.6% | 84.1% | |
| Net margin | 37.8% | 43.2% | 56.1% | 60.3% | 68.4% | 70.2% | |
| Return on capital employed | — | — | — | — | 94.4% | 171.4% | |
| Gearing (liabilities / total assets) | — | 30.5% | — | 28.1% | 21.5% | 27.9% | |
| Current ratio | 1.28x | — | — | — | 8.47x | 6.19x | |
| Interest cover | 24.46x | 80.50x | — | 45.26x | 118.13x | 32.89x |
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 2 times since incorporation
- ASTEX THERAPEUTICS LIMITED 2005-06-27 → present
- ASTEX TECHNOLOGY LIMITED 1999-05-14 → 2005-06-27
- INTERCEDE 1426 LIMITED 1999-04-14 → 1999-05-14
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or to cease its operations, and as they have concluded that the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least a year from the date of approval of the financial statements ("the going concern period").”
Significant events
- “Company turnover, which includes the Research and Development Credit, has increased by 45%. This is primarily due to increased royalty payments in respect of the research collaboration with Novartis, Janssen and Astra Zeneca.”
- “There was income from Merck, Sharp and Dohme (MSD) from the collaboration signed in July 2023. There were no milestones received in the year”
- “On 10 March 2025, Astex entered into a collaboration agreement with Mosaic Therapeutics Limited (Mosaic), a venture capital backed UK company. Mosaic received licences to two clinical-stage oncology”
- “On 30 September 2025 Dr Harren Jhoti stepped down from his position as President & CEO and as a director of the Company.”
- “He was replaced by Dr Michelle Jones as Director and President on 01 October 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 33 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JONES, Neil Steven | Secretary | 2000-06-29 | — | British |
| JONES, Michelle Ann, Dr | Director | 2025-10-01 | Feb 1974 | British |
| MCQUADE, Robert Dwyer, Dr. | Director | 2014-01-01 | Mar 1957 | American |
| NAKAMURA, Tsuyoshi | Director | 2025-10-01 | Sep 1972 | Japanese,American |
| PEREIRA, Brian Jude Gerard, Dr | Director | 2025-03-01 | Oct 1958 | American |
| SHIRATSUCHI, Takayuki, Dr | Director | 2025-03-01 | Oct 1969 | Japanese |
| SOLARI, Roberto Celeste Ercole, Dr | Director | 2025-03-01 | Nov 1956 | British,Italian |
Show 33 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ABELL, James Foster | Secretary | 1999-05-18 | 2000-06-29 |
| MITRE SECRETARIES LIMITED | Corporate Nominee Secretary | 1999-04-14 | 1999-05-18 |
| ABELL, Christopher, Professor | Director | 1999-05-18 | 2000-06-29 |
| ABELL, James Foster | Director | 1999-05-18 | 2000-06-29 |
| ASTON, John Christopher | Director | 2007-04-30 | 2010-05-11 |
| AZAB, Mohammad, Dr. | Director | 2014-01-01 | 2022-04-11 |
| BLUNDELL, Thomas Leon, Sir | Director | 2014-01-01 | 2025-03-01 |
| BLUNDELL, Thomas Leon, Professor Sir | Director | 1999-05-18 | 2011-07-20 |
| BODNAR, Andrew, Dr | Director | 2014-01-01 | 2020-12-31 |
| BUCKLAND, Robert Martin, Dr | Director | 2008-07-17 | 2014-01-01 |
| BUNTING, Stephen William, Dr | Director | 1999-05-18 | 2011-07-20 |
| BUSHARA, Leon Ramsey | Director | 2006-07-13 | 2008-01-16 |
| CAMPBELL, Simon Fraser, Dr | Director | 2000-02-29 | 2002-03-27 |
| CARTHY, Mark | Director | 2001-05-18 | 2009-07-23 |
| FELLNER, Peter John, Dr | Director | 2002-03-27 | 2011-07-20 |
| GEHRKE, Michael Edward | Director | 2023-03-01 | 2024-03-01 |
| GOREN, Amos Meir | Director | 2003-12-10 | 2011-07-20 |
| HAINES, Timothy John | Director | 2000-06-29 | 2006-07-13 |
| JHOTI, Harren | Director | 1999-05-18 | 2025-09-30 |
| KOLA, Ismail, Dr | Director | 2010-05-01 | 2011-07-20 |
| KUROGI, Yasuhisa, Dr | Director | 2024-03-01 | 2025-03-01 |
| MANUSO, James S J, Dr | Director | 2011-07-20 | 2014-01-01 |
| MOLKENTIN, Michael | Director | 2011-07-20 | 2014-01-01 |
| OLIVER DE VEZIN, Edmund Martin | Director | 2009-09-15 | 2011-07-20 |
| OLIVIER DE VEZIN, Edmund Martin | Director | 1999-10-19 | 2001-05-18 |
| RICH, Michael William | Nominee Director | 1999-04-14 | 1999-05-18 |
| RINGROSE, Peter Stuart, Dr | Director | 2005-01-01 | 2011-07-20 |
| RINK, Timothy James, Dr | Director | 2000-02-29 | 2004-06-09 |
| SAXE, Jon Sheldon | Director | 2001-12-10 | 2010-04-30 |
| SOLARI, Roberto Celeste Ercole, Dr | Director | 1999-05-18 | 2000-06-29 |
| SUDO, Toshiki | Director | 2015-05-23 | 2025-09-30 |
| VAN BENEDEN, Patrick | Director | 2001-04-24 | 2011-07-20 |
| WARNER, William | Director | 1999-04-14 | 1999-05-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Otsuka America Inc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 244 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-25 | AA | accounts | Accounts with accounts type full | |
| 2025-11-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-07 | AA | accounts | Accounts with accounts type full | |
| 2024-05-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-09 | AA | accounts | Accounts with accounts type full | |
| 2024-03-12 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-08 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-24 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-14 | AA | accounts | Accounts with accounts type full | |
| 2022-05-03 | CS01 | confirmation-statement | Confirmation statement with updates |
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.