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Next accounts due

2027-09-30 (in 1y)

Last filed for 2025-12-31

Confirmation statement due

2027-03-07 (in 10mo)

Last made up 2026-02-21

Watchouts

None on the register

Cash

£3M

-20.2% vs 2024

Net assets

£8M

+5.2% vs 2024

Employees

49

+22.5% vs 2024

Profit before tax

£555K

-38.9% vs 2024

Accounts

7-year trend · latest reflected 2025-12-31

Metric Trend 2020-02-292021-02-282022-02-282022-12-312023-12-312024-12-312025-12-31
Turnover £20,454,359£22,525,632
Operating profit £785,021£467,433
Profit before tax £908,373£555,271
Net profit £673,371£411,883
Cash £4,303,226£3,434,401
Total assets less current liabilities £7,969,326£8,389,260
Net assets £7,918,024£8,329,907
Equity £7,918,024£8,329,907
Average employees 4049
Wages £2,274,954£3,008,116
Directors' remuneration

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

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 2020-02-292021-02-282022-02-282022-12-312023-12-312024-12-312025-12-31
Operating margin 3.8%2.1%
Net margin 3.3%1.8%
Return on capital employed 9.9%5.6%
Current ratio 2.47x3.06x

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

  1. IBSA PHARMA LIMITED 2023-01-11 → present
  2. PHARMASURE LIMITED 2000-02-21 → 2023-01-11

Audit & accounting basis

Accounting basis
FRS 102
Reporting scope
Standalone (parent only)
Auditor
Rödl & Partner Limited
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

3 active · 9 resigned

Name Role Appointed Born Nationality
GRASSI, Luca, Mr. Director 2022-05-05 Sep 1970 Italian
LICENZIATI, Arturo, Dr. Director 2022-05-05 Apr 1935 Swiss
RACCA, Elisabetta Director 2023-06-30 Jun 1969 Italian
Show 9 resigned officers
Name Role Appointed Resigned
HILL, Kenneth Secretary 2000-02-21 2001-01-31
SULLIVAN, Terence Secretary 2001-01-31 2022-05-05
COMBINED SECRETARIAL SERVICES LIMITED Corporate Nominee Secretary 2000-02-21 2000-02-21
HILL, Kenneth Director 2000-02-21 2001-02-19
MELLI, Antonio, Mr. Director 2022-05-05 2025-09-30
SULLIVAN, Christine Olga Director 2000-02-21 2022-05-05
SULLIVAN, Terence Director 2007-03-01 2022-05-05
COMBINED NOMINEES LIMITED Corporate Nominee Director 2000-02-21 2000-02-21
COMBINED SECRETARIAL SERVICES LIMITED Corporate Nominee Director 2000-02-21 2000-02-21

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Dr. Arturo Licenziati Individual Shares 75–100%, Voting 75–100% 2022-05-05 Active
Mr Terence Sullivan Individual Shares 75–100%, Voting 25–50% 2016-04-06 Ceased 2022-05-05
Mrs Christine Olga Sullivan Individual Shares 75–100%, Voting 25–50% 2016-04-06 Ceased 2022-05-05

Filing timeline

Last 20 of 97 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2023-01-23 RESOLUTIONS Resolution
  • 2023-01-11 CERTNM Certificate change of name company PDF
  • 2022-11-28 MA Memorandum articles
  • 2022-11-28 RESOLUTIONS Resolution
Date Type Category Description
2026-02-21 CS01 confirmation-statement Confirmation statement with no updates PDF
2026-02-16 AA accounts Accounts with accounts type full PDF
2025-10-10 TM01 officers Termination director company with name termination date PDF
2025-02-25 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-02-13 AA accounts Accounts with accounts type full PDF
2024-04-12 AA accounts Accounts with accounts type full PDF
2024-02-22 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-07-03 AP01 officers Appoint person director company with name date PDF
2023-04-03 AA accounts Accounts with accounts type full PDF
2023-02-22 CS01 confirmation-statement Confirmation statement with updates PDF
2023-01-23 RESOLUTIONS resolution Resolution
2023-01-11 CERTNM change-of-name Certificate change of name company PDF
2022-11-28 MA incorporation Memorandum articles
2022-11-28 RESOLUTIONS resolution Resolution
2022-10-14 AA accounts Accounts with accounts type full PDF
2022-10-07 SH08 capital Capital name of class of shares
2022-05-09 PSC07 persons-with-significant-control Cessation of a person with significant control PDF
2022-05-09 PSC07 persons-with-significant-control Cessation of a person with significant control PDF
2022-05-09 PSC01 persons-with-significant-control Notification of a person with significant control PDF
2022-05-06 AA01 accounts Change account reference date company current shortened PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
3

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page