UNIVERSITY COLLEGE LONDON HOSPITALS CHARITY

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

• Turnover

  +0.2%

  £6,145,000 → £6,157,000

• Cash

  -48.7%

  £53,939,000 → £27,675,000

• Net assets

  -27.8%

  £173,064,000 → £125,029,000

• Employees

  -2.4%

  42 → 41

• Profit before tax

  -2,101.7%

  £2,336,000 → -£46,759,000

• Wages

  +1.6%

  £2,287,000 → £2,324,000

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

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Buzzacott Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and charitable parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. UNIVERSITY COLLEGE LONDON HOSPITALS CHARITY · parent
   1. QS Enterprises Ltd 100% · England and Wales · clinical imaging services to patients
   2. Middlesex UCLHFTC Ltd 100% · England and Wales · property activities
   3. Middlesex Annexe LLP · England and Wales · property development
   4. Fitzroy Walk Management Company Ltd 100% · currently dormant

Significant events

• “The new government, elected last summer, inherited a health service that still grappling with the aftermath of the pandemic, junior doctor strikes and a backlog of millions of patients awaiting care.”
• “The completion of the Bedford Passage development at the end of this calendar year is anticipated.”
• “September 2024 saw the first ever UCLH Charity abseil, which raised £52,700.”
• “Our charity week took place in September 2024.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.