MYLAN PHARMA UK LIMITED
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Cash
—
Latest balance sheet
Net assets
£20m
-56.6% lowest in 3 filed years
Employees
105
+4% highest in 3 filed years
Profit before tax
£4.3m
+5.1% vs 2024
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 | £44,059,000 | £38,153,000 | £33,428,000 | -12.4% | |
| Operating profit | £3,938,000 | £2,526,000 | £2,342,000 | -7.3% | |
| Profit before tax | £5,954,000 | £4,086,000 | £4,295,000 | +5.1% | |
| Net profit | £4,500,000 | £3,759,000 | £3,227,000 | -14.2% | |
| Cash | £39,108,000 | £44,820,000 | — | — | |
| Total assets less current liabilities | £42,024,000 | £46,646,000 | £20,641,000 | -55.7% | |
| Net assets | £41,661,000 | £46,214,000 | £20,061,000 | -56.6% | |
| Equity | £41,661,000 | £46,214,000 | £20,061,000 | -56.6% | |
| Average employees | 97 | 101 | 105 | +4% | |
| Wages | £9,878,000 | £12,666,000 | £9,617,000 | -24.1% | |
| Directors' remuneration | £383,000 | £514,000 | £281,000 | -45.3% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 8.9% | 6.6% | 7.0% | |
| Net margin | 10.2% | 9.9% | 9.7% | |
| Return on capital employed | 9.4% | 5.4% | 11.3% | |
| Gearing (liabilities / total assets) | — | 19.4% | 34.1% | |
| Current ratio | 4.54x | 5.20x | 2.81x |
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 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company has obtained a letter of support from its ultimate parent company to provide financial support for the foreseeable future, being at least 12 months from the date of the approval of these financial statements, which would enable the company to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due.”
Significant events
- “On 7 November 2025, the company paid interim dividends to McDermott Lab Ltd. in the amount of £30,000,000 (2024: £nil).”
- “During the year, management reassessed the presentation of balances arising from its arrangement with Mylan Luxembourg 2 Sarl, which provides group banking facilities, leading to a reclassification of £44,820,000 from cash at bank and in hand to debtors in the comparative figures.”
- “Management reassessed the composition of its operating lease commitments, excluding service charge amounts previously included, resulting in a decrease in total commitments in the comparative operating lease commitment disclosure.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DIXON, Caroline Rebecca Louise | Secretary | 2012-05-01 | — | — |
| BALCHIN, James Anthony | Director | 2025-10-31 | Jul 1988 | British |
| COLLINS, Elizabeth Jane, Dr | Director | 2025-06-02 | Apr 1975 | British |
| DIXON, Caroline Rebecca Louise | Director | 2012-04-01 | May 1968 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| OVALSEC LIMITED | Corporate Secretary | 2011-11-08 | 2012-04-30 |
| COOK, Walter Grant, Dr | Director | 2017-06-16 | 2025-06-30 |
| CORY, Rupert | Director | 2020-03-09 | 2025-10-31 |
| KOLESAR, Kristin A | Director | 2011-12-21 | 2013-09-09 |
| MCCORMICK, Peter | Director | 2011-11-08 | 2012-04-30 |
| WAITE, David Charles | Director | 2011-12-22 | 2016-07-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mcdermott Laboratories Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 63 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-30 | AA | accounts | Accounts with accounts type full | |
| 2025-11-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-31 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-07 | AA | accounts | Accounts with accounts type full | |
| 2025-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-30 | AA | accounts | Accounts with accounts type full | |
| 2024-11-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-21 | AA | accounts | Accounts with accounts type full | |
| 2023-11-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-06 | AA | accounts | Accounts with accounts type full | |
| 2023-03-11 | DISS40 | gazette | Gazette filings brought up to date | |
| 2023-02-28 | GAZ1 | gazette | Gazette notice compulsory | |
| 2022-11-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-01 | AAMD | accounts | Accounts amended with accounts type full | |
| 2022-08-01 | AAMD | accounts | Accounts amended with accounts type full | |
| 2022-03-14 | AA | accounts | Accounts with accounts type full | |
| 2021-11-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-30 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- 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.