OXFORD GENETICS LTD
Oxford Genetics Ltd is an Oxford-based biotechnology company engaged in research and experimental development.
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Cash
£1.1M
-50.6% lowest in 6 filed years
Net assets
-£13M
-87.6% lowest in 6 filed years
Employees
57
-44.7% lowest in 6 filed years
Profit before tax
-£6.1M
-73.3% vs 2023
Net assets
6-year trend · vs Health Care median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2020-04-30 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | £3,386,350 | £3,293,366 | £14,030,856 | £9,131,109 | £2,577,327 | -71.8% | |
| Operating profit | — | -£2,697,870 | -£9,053,522 | -£580,199 | -£2,401,319 | -£5,423,738 | -125.9% | |
| Profit before tax | — | -£2,827,594 | -£9,180,698 | -£856,925 | -£3,507,560 | -£6,078,525 | -73.3% | |
| Net profit | -£2,594,155 | -£2,283,620 | -£9,220,643 | -£1,010,670 | -£3,603,800 | -£6,103,305 | -69.4% | |
| Cash | £3,411,297 | £3,432,748 | £1,267,507 | £3,802,859 | £2,296,167 | £1,134,542 | -50.6% | |
| Total assets less current liabilities | £6,561,449 | — | — | — | -£1,192,683 | -£9,431,875 | -690.8% | |
| Net assets | — | — | — | — | -£6,979,194 | -£13,091,652 | -87.6% | |
| Equity | £6,530,559 | £4,442,440 | -£2,336,110 | -£3,219,673 | -£6,979,194 | -£13,091,652 | -87.6% | |
| Average employees | 83 | 91 | 102 | 123 | 103 | 57 | -44.7% | |
| Wages | — | £2,671,444 | £5,762,436 | £5,686,933 | £4,277,482 | £2,865,376 | -33% | |
| Directors' remuneration | — | £310,386 | £743,520 | £404,937 | £200,256 | £153,580 | -23.3% |
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 | 2020-04-30 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | -79.7% | — | -4.1% | -26.3% | — | |
| Net margin | — | -67.4% | — | -7.2% | -39.5% | — | |
| Current ratio | — | — | — | — | 0.32x | 0.13x | |
| Interest cover | — | -20.63x | -71.11x | -2.07x | -2.14x | -8.07x |
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. 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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- James Cowper Kreston Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on current forecasts and cash flow projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The financial statements have therefore been prepared on a going concern basis”
Significant events
- “In Q1'24 the Company embarked on a restructuring of its activities, resulting in a streamlining of its R&D activities and a net reduction in headcount.”
- “WuXi AppTec announced the sale of the business in December 2024 to a US Private Equity fund Altaris Capital. The transaction was completed in March 2025.”
- “On 7 March 2025, Avant Uk Buyer Limited acquired 100% of the share capital of the Company. From that date, Minaris Advanced Therapies, a company incorporated in the United States of America, became the new ultimate controlling party.”
- “The sale of equipment to Ellison Institute of Technology, Oxford Limited was agreed at £2.5 million and the lease for the Medawar Centre was formally transferred on 17 October 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TAYLOR WESSING SECRETARIES LIMITED | Corporate Secretary | 2021-03-01 | — | — |
| BAIRD, Iain | Director | 2025-03-07 | Apr 1968 | British |
| RICHARDSON, Darwin | Director | 2025-03-07 | Apr 1966 | American |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAKER, Matthew Paul | Director | 2016-08-24 | 2021-03-01 |
| BECKMAN, Joseph Jeffrey | Director | 2023-03-28 | 2025-03-07 |
| BRISTOW, Albert Christopher | Director | 2023-03-28 | 2025-03-07 |
| BROOKS, Paul | Director | 2016-08-08 | 2018-09-26 |
| CAWOOD, Ryan, Dr | Director | 2021-03-01 | 2023-03-01 |
| CAWOOD, Ryan, Dr | Director | 2011-04-28 | 2021-03-01 |
| CHANG, Yu-Hsiang David | Director | 2021-03-01 | 2024-02-22 |
| HALL, Martin Gerald | Director | 2021-03-01 | 2024-07-31 |
| HALL, Martin Gerald | Director | 2017-11-15 | 2021-03-01 |
| HAMES, Barry David, Dr | Director | 2016-03-15 | 2021-03-01 |
| HU, Edward | Director | 2021-03-01 | 2022-03-01 |
| LEE, Lennart | Director | 2021-03-01 | 2021-11-26 |
| MAXWELL, Andrew Robert | Director | 2013-11-21 | 2016-06-09 |
| MEANEY, Keith Martin | Director | 2024-03-27 | 2025-10-31 |
| QUINN, Martin | Director | 2025-03-07 | 2025-08-27 |
| SEYMOUR, Leonard Charles William, Dr | Director | 2015-09-30 | 2021-03-01 |
| WINTER, Jennifer Ann Julia | Director | 2020-09-30 | 2021-03-01 |
| MERCIA FUND MANAGEMENT (NOMINEES) LIMITED | Corporate Director | 2013-07-11 | 2021-03-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Avant Uk Buyer Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-03-07 | Active |
| Mercia (General Partner) Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2021-03-01 |
| Mercia Fund Management Limited | Corporate entity | Significant influence | 2016-04-06 | Ceased 2021-03-01 |
Filing timeline
Last 20 of 135 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-03-24 MA Memorandum articles
- 2025-03-24 RESOLUTIONS Resolution
- 2025-03-19 CC04 Statement of companys objects
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-24 | AA | accounts | Accounts with accounts type full | |
| 2025-10-03 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-10-01 | SH01 | capital | Capital allotment shares | |
| 2025-09-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-25 | SH01 | capital | Capital allotment shares | |
| 2025-07-02 | SH01 | capital | Capital allotment shares | |
| 2025-06-17 | SH01 | capital | Capital allotment shares | |
| 2025-05-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-03-24 | MA | incorporation | Memorandum articles | |
| 2025-03-24 | RESOLUTIONS | resolution | Resolution | |
| 2025-03-19 | CC04 | change-of-constitution | Statement of companys objects | |
| 2025-03-18 | SH01 | capital | Capital allotment shares | |
| 2025-03-18 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-03-18 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2025-03-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-14 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 5
- Officers appointed
- 0
- 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.