CLEVELAND CLINIC LONDON LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-28 (in 7mo)
Last made up 2025-12-14
Watchouts
None on the register
Cash
£16M
-35.8% vs 2023
Net assets
£305M
-7.9% vs 2023
Employees
1,687
+8.3% vs 2023
Profit before tax
-£131M
+7.6% vs 2023
Net assets
2-year trend · vs Health Care median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £148,048,000 | £185,187,000 | |
| Operating profit | -£142,936,000 | -£131,518,000 | |
| Profit before tax | -£141,887,000 | -£131,037,000 | |
| Net profit | -£141,887,000 | -£131,037,000 | |
| Cash | £24,692,000 | £15,843,000 | |
| Total assets less current liabilities | £365,059,000 | £345,500,000 | |
| Net assets | £330,924,000 | £304,887,000 | |
| Equity | £330,924,000 | £304,887,000 | |
| Average employees | 1,557 | 1,687 | |
| Wages | £100,406,000 | £117,614,000 | |
| Directors' remuneration | £2,119,000 | £1,863,000 |
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
+25.1%
£148,048,000 £185,187,000
-
Cash
-35.8%
£24,692,000 £15,843,000
-
Net assets
-7.9%
£330,924,000 £304,887,000
-
Employees
+8.3%
1,557 1,687
-
Operating profit
+8%
-£142,936,000 -£131,518,000
-
Profit before tax
+7.6%
-£141,887,000 -£131,037,000
-
Wages
+17.1%
£100,406,000 £117,614,000
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -96.5% | -71.0% | |
| Net margin | -95.8% | -70.8% | |
| Return on capital employed | -39.2% | -38.1% | |
| Gearing (liabilities / total assets) | 16.2% | 17.8% | |
| Current ratio | 2.92x | 3.60x |
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
- Buzzacott Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have concluded that they will continue to require the support of and investment from their ultimate parent company The Cleveland Clinic Foundation, to ramp up their hospital operations and meet their liabilities as they fall due. The ultimate controlling party has confirmed it will continue to support the company's obligations.”
Significant events
- “In January 2025, the company issued 17,000,000 ordinary shares of £1 at nominal value to Cleveland Clinic UK Holdings Ltd, the immediate parent undertaking.”
- “In March 2025, the company issued 18,000,000 ordinary shares of £1 at nominal value to Cleveland Clinic UK Holdings Ltd, the immediate parent undertaking.”
- “In April 2025, the company issued 10,000,000 ordinary shares of £1 at nominal value to Cleveland Clinic UK Holdings Ltd, the immediate parent undertaking.”
- “In May 2025, the company issued 26,630,000 ordinary shares of £1 at nominal value to Cleveland Clinic UK Holdings Ltd, the immediate parent undertaking.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VISTRA COMPANY SECRETARIES LIMITED | Corporate Secretary | 2015-12-21 | — | — |
| FALCONE, Tommaso, Dr | Director | 2024-06-01 | Nov 1953 | American |
| GORDON, Deborah Coco | Director | 2024-06-01 | Jun 1969 | American |
| HANCOCK, Katherine Kelly | Director | 2024-02-05 | Nov 1969 | American |
| LARAWAY, Dennis Lee | Director | 2023-04-14 | Jun 1962 | American |
| LORENZ, Robert Roman, Doctor | Director | 2023-06-01 | Apr 1970 | American |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DONLEY, Brian, Dr | Director | 2018-02-13 | 2022-10-17 |
| FALCONE, Tommaso M.D. | Director | 2022-10-17 | 2023-06-01 |
| GLASS, Steven C. | Director | 2015-12-14 | 2022-05-31 |
| HARRISON, Alexander Marc, Dr | Director | 2015-12-14 | 2016-06-14 |
| HELTON, Anthony | Director | 2022-05-31 | 2023-04-14 |
| MIHALJEVIC, Tomislav, Dr | Director | 2018-12-19 | 2025-11-17 |
| PEACOCK III, William M. | Director | 2015-12-14 | 2024-06-01 |
| ROWAN, David W. | Director | 2015-12-14 | 2024-06-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Cleveland Clinic Uk Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 99 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-28 | CH04 | officers | Change corporate secretary company with change date | |
| 2026-04-08 | SH01 | capital | Capital allotment shares | |
| 2026-02-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-12 | SH01 | capital | Capital allotment shares | |
| 2025-12-17 | SH01 | capital | Capital allotment shares | |
| 2025-12-15 | SH01 | capital | Capital allotment shares | |
| 2025-11-20 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-19 | SH01 | capital | Capital allotment shares | |
| 2025-08-12 | AA | accounts | Accounts with accounts type full | |
| 2025-06-10 | SH01 | capital | Capital allotment shares | |
| 2025-02-18 | SH01 | capital | Capital allotment shares | |
| 2024-12-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-18 | SH01 | capital | Capital allotment shares | |
| 2024-10-18 | SH01 | capital | Capital allotment shares | |
| 2024-10-10 | SH01 | capital | Capital allotment shares | |
| 2024-09-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-25 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 10
- Officers appointed
- 0
- 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.