OXFORD GENETICS LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-12
Overdue
Watchouts
Cash
£1M
-50.6% lowest in 6 filed years
Net assets
-£13M
-87.6% lowest in 3 filed years
Employees
57
-44.7% lowest in 6 filed years
Profit before tax
-£6M
-73.3% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-05-12.
Net assets
10-year trend · vs Health Care median
Accounts
10-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-04-30 | 2020-05-01 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | £3,386,350 | — | £3,293,366 | — | £14,030,856 | — | £9,131,109 | £2,577,327 | |
| Operating profit | — | — | -£2,697,870 | — | -£9,053,522 | — | -£580,199 | — | -£2,401,319 | -£5,423,738 | |
| Profit before tax | — | — | -£2,827,594 | — | -£9,180,698 | — | -£856,925 | — | -£3,507,560 | -£6,078,525 | |
| Net profit | -£2,594,155 | — | -£2,283,620 | — | -£9,220,643 | — | -£1,010,670 | — | -£3,603,800 | -£6,103,305 | |
| Cash | £3,411,297 | — | £3,432,748 | — | £1,267,507 | — | £3,802,859 | — | £2,296,167 | £1,134,542 | |
| Total assets less current liabilities | £6,561,449 | — | — | — | — | — | — | — | -£1,192,683 | -£9,431,875 | |
| Net assets | — | — | — | — | — | — | — | — | -£6,979,194 | -£13,091,652 | |
| Equity | £6,530,559 | £6,530,559 | £4,442,440 | £4,442,440 | -£2,336,110 | -£2,336,110 | -£3,219,673 | -£3,219,673 | -£6,979,194 | -£13,091,652 | |
| Average employees | 83 | — | 91 | — | 102 | — | 123 | — | 103 | 57 | |
| Wages | — | — | £2,671,444 | — | £5,762,436 | — | £5,686,933 | — | £4,277,482 | £2,865,376 | |
| Directors' remuneration | — | — | £310,386 | — | £743,520 | — | £404,937 | — | £200,256 | £153,580 |
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-71.8%
£9,131,109 £2,577,327
lowest in 5 filed years
-
Cash
-50.6%
£2,296,167 £1,134,542
lowest in 6 filed years
-
Net assets
-87.6%
-£6,979,194 -£13,091,652
-
Employees
-44.7%
103 57
lowest in 6 filed years
-
Operating profit
-125.9%
-£2,401,319 -£5,423,738
-
Profit before tax
-73.3%
-£3,507,560 -£6,078,525
-
Wages
-33%
£4,277,482 £2,865,376
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 | 2020-04-30 | 2020-05-01 | 2020-12-31 | 2021-01-01 | 2021-12-31 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | -79.7% | — | -274.9% | — | -4.1% | — | -26.3% | -210.4% | |
| Net margin | — | — | -67.4% | — | -280.0% | — | -7.2% | — | -39.5% | -236.8% | |
| Return on capital employed | — | — | — | — | — | — | — | — | 201.3% | 57.5% | |
| 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. 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
- 9
- 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.