OWLSTONE MEDICAL LIMITED
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Cash
£8.1M
+543.2% vs 2024
Net assets
£13M
+150.2% first positive since 2024
Employees
169
-16.3% lowest in 3 filed years
Profit before tax
-£18M
+22% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
As stated in note 1, these events or conditions, along with the other matters as set forth in note 1, indicate that a material uncertainty exists that may cast significant doubt on the Group's and the parent Company's ability to continue as a going concern.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Industrials 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 | £2,081,255 | £3,192,272 | £5,324,900 | +66.8% | |
| Operating profit | -£20,911,125 | -£23,292,474 | -£18,491,460 | +20.6% | |
| Profit before tax | -£20,143,702 | -£23,160,723 | -£18,061,929 | +22% | |
| Net profit | -£17,989,527 | -£19,523,293 | -£15,391,102 | +21.2% | |
| Cash | £17,025,754 | £1,259,840 | £8,102,686 | +543.2% | |
| Total assets less current liabilities | £23,083,134 | -£25,091,261 | £13,755,566 | +154.8% | |
| Net assets | £21,352,361 | -£26,244,933 | £13,183,030 | +150.2% | |
| Equity | £21,352,361 | — | £13,183,030 | — | |
| Average employees | 191 | 202 | 169 | -16.3% | |
| Wages | £10,619,905 | £12,009,261 | £11,515,465 | -4.1% | |
| Directors' remuneration | £311,274 | £316,259 | £322,214 | +1.9% |
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 |
|---|---|---|---|---|
| Return on capital employed | -90.6% | — | -134.4% | |
| Gearing (liabilities / total assets) | 19.4% | 336.3% | 23.1% | |
| Current ratio | 6.54x | 0.21x | 4.30x |
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 2 times since incorporation
- OWLSTONE MEDICAL LIMITED 2016-03-04 → present
- OWLSTONE LIMITED 2004-04-20 → 2016-03-04
- TIGER DAWN LIMITED 2003-11-06 → 2004-04-20
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“As stated in note 1, these events or conditions, along with the other matters as set forth in note 1, indicate that a material uncertainty exists that may cast significant doubt on the Group's and the parent Company's ability to continue as a going concern.”
Group structure
- OWLSTONE MEDICAL LIMITED · parent
- Omed Health Limited 100%
- Owlstone Medical Inc. 100%
Significant events
- “A fundraising round completed in April 2025, raising a total of $29.9 million.”
- “The Group entered into a multi-year program in March 2025 with the Cystic Fibrosis Foundation, which made a $2.3 million equity investment.”
- “The largest program is POSEIDON, with Owlstone winning an award of up to $49.1 million in October 2025 from ARPA-H.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TWEEN, Neil Andrew | Secretary | 2021-07-22 | — | — |
| BADER, Bret Ian | Director | 2016-03-03 | Jun 1966 | American |
| BOYLE, Paul | Director | 2004-05-28 | Oct 1978 | British |
| CAPONE, Mark Christopher | Director | 2021-08-05 | Jun 1962 | American |
| MCCREADIE, Jessica | Director | 2026-05-07 | Sep 1991 | British |
| RICHARDS, Andrew John Mcglashan, Dr | Director | 2018-09-12 | Mar 1960 | British |
| TOUMAZOU, Christofer | Director | 2016-03-03 | Jul 1961 | British |
| ZHANG, Haorui Patrick | Director | 2021-08-05 | Nov 1986 | Chinese |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOYNE, Linden James Hastings | Secretary | 2004-04-15 | 2009-12-22 |
| RUIZ ALONSO, David | Secretary | 2009-12-22 | 2021-07-22 |
| SUBSCRIBER SECRETARIES LIMITED | Corporate Secretary | 2003-11-06 | 2004-04-15 |
| BOYNE, Linden James Hastings | Director | 2004-04-15 | 2009-12-22 |
| GITTINS, Magnus | Director | 2004-04-15 | 2008-11-28 |
| KOEHL, Andrew Hampton | Director | 2004-05-28 | 2016-03-03 |
| RUIZ ALONSO, David | Director | 2009-12-22 | 2016-03-03 |
| WRIGHT, Douglas David | Director | 2018-02-26 | 2025-08-31 |
| SUBSCRIBER DIRECTORS LIMITED | Corporate Director | 2003-11-06 | 2004-04-15 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 220 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-01 | SH01 | capital | Capital allotment shares | |
| 2026-05-14 | AA | accounts | Accounts with accounts type group | |
| 2026-05-07 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-05 | SH01 | capital | Capital allotment shares | |
| 2025-11-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-26 | SH01 | capital | Capital allotment shares | |
| 2025-07-23 | SH01 | capital | Capital allotment shares | |
| 2025-06-06 | AA | accounts | Accounts with accounts type group | |
| 2025-05-31 | SH01 | capital | Capital allotment shares | |
| 2025-05-30 | SH08 | capital | Capital name of class of shares | |
| 2025-05-30 | SH08 | capital | Capital name of class of shares | |
| 2025-05-30 | SH08 | capital | Capital name of class of shares | |
| 2025-05-30 | SH08 | capital | Capital name of class of shares | |
| 2025-05-30 | SH08 | capital | Capital name of class of shares | |
| 2025-05-30 | SH08 | capital | Capital name of class of shares | |
| 2025-05-30 | SH08 | capital | Capital name of class of shares | |
| 2025-05-30 | SH08 | capital | Capital name of class of shares | |
| 2025-05-21 | SH01 | capital | Capital allotment shares | |
| 2025-03-25 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 15
- Officers appointed
- 1
- Officers resigned
- 1
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.