CREO MEDICAL LIMITED
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Cash
£3.2M
+100.3% vs 2023
Net assets
-£161M
-24.6% vs 2023
Employees
139
-7.9% vs 2023
Profit before tax
-£34M
-20.3% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
2-year trend · vs Industrials 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 | £3,005,000 | £1,479,000 | -50.8% | |
| Operating profit | -£25,142,000 | -£30,520,000 | -21.4% | |
| Profit before tax | -£28,512,000 | -£34,311,000 | -20.3% | |
| Net profit | -£25,810,000 | -£32,311,000 | -25.2% | |
| Cash | £1,573,000 | £3,151,000 | +100.3% | |
| Total assets less current liabilities | — | — | — | |
| Net assets | -£129,627,000 | -£161,453,000 | -24.6% | |
| Equity | — | — | — | |
| Average employees | 151 | 139 | -7.9% | |
| Wages | £9,168,000 | £8,561,000 | -6.6% | |
| Directors' remuneration | £400,000 | £90,000 | -77.5% |
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 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 729.3% | 954.6% | |
| Current ratio | 4.87x | 6.24x | |
| Interest cover | -6.58x | -6.35x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- CREO MEDICAL LIMITED 2010-08-10 → present
- MICROONCOLOGY LTD 2003-02-06 → 2010-08-10
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Notwithstanding net liabilities of £161.5m and a reported total comprehensive loss of £32.3m for the year ended 31 December 2024, the financial statements have been prepared on a going concern basis which the directors believe to be appropriate. The Company has received a letter of support from Creo Medical Group Plc to meet its liabilities.”
Group structure
- CREO MEDICAL LIMITED · parent
- Creo Medical, Inc. 100%
- Creo Medical Innovations Limited 100%
- Creo Medical Ireland Limited 100%
- Creo Medical PTE Limited 100%
- Aber Electronics Limited 100%
Significant events
- “On 19 March 2025 Aber Electronics Limited ("Aber"), a wholly owned subsidiary of Creo Medical Limited, was sold by Creo Medical Limited to its management.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CRAVEN, Richard Gary | Secretary | 2024-07-01 | — | — |
| GULLIFORD, Craig Jonathan | Director | 2012-03-30 | May 1970 | British |
| HANCOCK, Christopher Paul, Prof | Director | 2003-02-20 | Mar 1967 | British |
| REES, Richard John | Director | 2016-07-01 | May 1976 | Welsh |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FROST, Kate | Secretary | 2014-08-12 | 2016-07-01 |
| HANCOCK, Christopher Paul, Dr | Secretary | 2003-02-20 | 2007-03-06 |
| REES, Richard | Secretary | 2016-07-01 | 2024-07-01 |
| SWIFT, Derek Alan | Secretary | 2007-03-06 | 2014-08-12 |
| DUPORT SECRETARY LIMITED | Corporate Nominee Secretary | 2003-02-06 | 2003-02-07 |
| CARTMELL, Simon Christopher | Director | 2014-10-23 | 2016-12-09 |
| CHAUDHRY, Mohammed Sabih, Doctor | Director | 2003-02-20 | 2007-03-06 |
| FARMER, Mark | Director | 2014-10-23 | 2016-12-09 |
| HALES, Philip William, Dr | Director | 2008-11-01 | 2010-02-08 |
| JACKSON, Mark Bentley | Director | 2009-07-22 | 2016-12-09 |
| MORRIS, Steven | Director | 2009-01-05 | 2019-02-25 |
| SPICER, Charles Alexander Evan, Dr | Director | 2016-07-01 | 2017-08-25 |
| WOODS, David Gerard | Director | 2015-09-10 | 2017-08-25 |
| DUPORT DIRECTOR LIMITED | Corporate Director | 2003-02-06 | 2003-02-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Creo Medical Group Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-12-09 | Active |
| Mr Richard John Rees | Individual | Significant influence, Significant influence (as firm) | 2016-07-01 | Ceased 2016-11-09 |
| Mr Craig Jonathan Gulliford | Individual | Significant influence, Significant influence (as firm) | 2016-04-06 | Ceased 2016-11-09 |
| Dr Christopher Paul Hancock | Individual | Significant influence, Significant influence (as firm) | 2016-04-06 | Ceased 2016-11-09 |
| Mr Steven Morris | Individual | Significant influence, Significant influence (as firm) | 2016-04-06 | Ceased 2016-11-09 |
Filing timeline
Last 20 of 144 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-11-02 MA Memorandum articles
- 2021-11-02 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-21 | AA | accounts | Accounts with accounts type full | |
| 2024-11-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-02 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-07-02 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-06-24 | AA | accounts | Accounts with accounts type full | |
| 2023-11-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-05 | AA | accounts | Accounts with accounts type full | |
| 2023-04-19 | AD02 | address | Change sail address company with old address new address | |
| 2022-11-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-21 | AA | accounts | Accounts with accounts type full | |
| 2021-11-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-11-24 | AD03 | address | Move registers to sail company with new address | |
| 2021-11-24 | AD02 | address | Change sail address company with new address | |
| 2021-11-02 | SH08 | capital | Capital name of class of shares | |
| 2021-11-02 | MA | incorporation | Memorandum articles | |
| 2021-11-02 | RESOLUTIONS | resolution | Resolution | |
| 2021-08-10 | AA | accounts | Accounts with accounts type full | |
| 2020-11-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-11-24 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.