ORGANOX LIMITED
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Cash
£7M
Latest balance sheet
Net assets
£57M
Equity attributable
Employees
134
Average over period
Profit before tax
£8M
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
10 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
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 | £19,784,675 | £55,226,214 | — | |
| Operating profit | £2,925,276 | £7,192,894 | — | |
| Profit before tax | £3,442,515 | £8,342,910 | — | |
| Net profit | £8,601,124 | £7,530,793 | — | |
| Cash | £8,748,967 | £7,314,002 | — | |
| Total assets less current liabilities | £44,805,296 | £57,159,649 | — | |
| Net assets | £44,805,296 | £57,159,649 | — | |
| Equity | £44,805,296 | £57,159,649 | — | |
| Average employees | 68 | 134 | — | |
| Wages | £4,975,971 | £17,509,762 | — | |
| Directors' remuneration | £758,060 | £1,139,198 | — |
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 —. Year-on-year comparison hidden: this filing covers about 12 months versus 8 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 14.8% | 13.0% | |
| Net margin | 43.5% | 13.6% | |
| Return on capital employed | 6.5% | 12.6% | |
| Gearing (liabilities / total assets) | 17.2% | 26.2% | |
| Current ratio | 5.02x | 3.08x | |
| Interest cover | 155.64x | 71216.77x |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having made relevant and appropriate enquiries, including consideration of the Company's and Group's current cash resources and the working capital forecast, the Directors have a reasonable expectation that the Company and Group will have adequate cash resources to continue to meet the requirements of the business until at least 30 June 2026. Accordingly, the Board continues to adopt the going concern basis in preparing consolidated financial statements.”
Group structure
- ORGANOX LIMITED · parent
- OrganOx Inc 1%
- OrganOx (Europe) Limited 1%
Significant events
- “In July 2023 the Group secured additional equity funding through the successful raise of £25.0 million.”
- “OrganOx (Europe) Limited was incorporated on 17 September 2024 to support sales across Europe and Australia.”
- “In November 2024 the Company announced an exclusive clinical co-development agreement with eGenesis.”
- “In February 2025 the Company secured additional equity funding through the successful raise of $25.0 million gross, $20.0m net of expenses, to accelerate growth opportunities.”
- “On 24 February 2025, and immediately prior to a private placement process, the Company's share classes were converted into ordinary shares of £0.01 each. The H Ordinary shares, J Ordinary shares and L Ordinary shares converted to ordinary shares of £0.01 each on a 1-for-1 basis. The 26,598 G Ordinary shares converted to 26,173 ordinary shares of £0.01 each and 13,724 deferred shares of £0.01 each.”
- “At completion, the Company allotted 74,745 preferred shares of £0.01 each for a total consideration of $25.0 million. At the same time, 351,027 ordinary shares were transacted in a secondary market and the shares converted to 351,027 preferred shares in the hands of the buyers.”
- “On 31 March 2025, 351,027 ordinary shares were transacted in a secondary market and the shares converted to 351,027 preferred shares in the hands of the buyer.”
- “On 7 May 2025, 34,385 ordinary shares were transacted in a secondary market and the shares converted to 34,385 preferred shares in the hands of the buyer.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ANDREW, Annabel | Secretary | 2025-05-01 | — | — |
| HAGIMOTO, Jin | Director | 2025-10-29 | Aug 1972 | Japanese |
| HOSOKAI, Takuya | Director | 2025-10-29 | May 1971 | Japanese |
| KUNIMOTO, Norimasa | Director | 2025-10-29 | Jul 1963 | Japanese |
| MARSHALL, Craig Andrew | Director | 2016-12-01 | Feb 1963 | British |
| MENGHNANI, Bhawna | Director | 2026-04-01 | Jun 1984 | Dutch |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| YEATMAN, Graham Edward | Secretary | 2024-04-08 | 2025-04-25 |
| ALDWYCH SECRETARIES LIMITED | Corporate Secretary | 2008-04-07 | 2023-05-01 |
| PENNSEC LIMITED | Corporate Secretary | 2023-05-01 | 2024-04-08 |
| BADDELEY, Patrick Charles Morrish | Director | 2008-04-07 | 2008-11-25 |
| BASU, Rupa | Director | 2025-10-29 | 2026-04-01 |
| COLLETTA, Anthony Adrian | Director | 2008-12-15 | 2009-09-30 |
| COUSSIOS, Constantin, Dr | Director | 2008-11-25 | 2025-10-29 |
| FRIEND, Peter, Professor | Director | 2008-11-25 | 2025-02-24 |
| FROHN, Matthew Gerard Winston | Director | 2008-12-15 | 2025-10-29 |
| JOHNSON, Roy Stafford | Director | 2011-04-02 | 2014-03-31 |
| KONG, Garheng, Dr | Director | 2025-02-24 | 2025-10-29 |
| KRUMINS, John Jekabs | Director | 2019-01-23 | 2020-11-25 |
| LEVY, Samuel Gideon, Founding Partner | Director | 2023-07-18 | 2025-10-29 |
| LIDDICOAT, John Randall | Director | 2022-12-01 | 2025-10-29 |
| REA, Timothy Shan | Director | 2019-12-17 | 2025-10-29 |
| ROBINSON, George Edward Silvanus | Director | 2021-07-23 | 2025-10-29 |
| ROBINSON, George Edward Silvanus | Director | 2013-04-17 | 2019-12-20 |
| RUSSELL, Leslie James, Dr | Director | 2008-12-15 | 2017-12-20 |
| STUGE, Oern Reidar | Director | 2020-11-25 | 2025-10-29 |
| THOMPSON, Juliet | Director | 2021-01-20 | 2025-10-29 |
| WORKMAN, Adam Craig | Director | 2020-01-22 | 2021-01-20 |
| YEATMAN, Graham Edward | Director | 2019-08-01 | 2024-04-08 |
| ZAUSMER, Anthony David | Director | 2010-11-24 | 2014-02-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Terumo Corporation | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-10-29 | Active |
Filing timeline
Last 20 of 232 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-11-04 MA Memorandum articles
- 2025-11-04 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-04-17 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-14 | CH01 | officers | Change person director company with change date | |
| 2026-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-11 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-11-11 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2025-11-05 | AA01 | accounts | Change account reference date company current extended | |
| 2025-11-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-04 | MA | incorporation | Memorandum articles | |
| 2025-11-04 | RESOLUTIONS | resolution | Resolution | |
| 2025-11-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-31 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 0
- Officers appointed
- 5
- Officers resigned
- 10
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.