NORTHWEST EHEALTH LIMITED
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Next accounts due
2026-09-29 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-21 (in 1mo)
Last made up 2025-06-07
Watchouts
None on the register
Cash
£2M
-18.9% vs 2023
Net assets
-£3M
-289.5% lowest in 6 filed years
Employees
75
-29.2% vs 2023
Profit before tax
-£5M
-49.5% lowest in 6 filed years
Net assets
10-year trend · vs Industrials median
Accounts
10-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-01-01 | 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 | £4,027,631 | — | £4,893,815 | — | £6,642,707 | — | £6,654,776 | — | £5,763,219 | £1,733,741 | |
| Operating profit | -£579,124 | — | -£136,432 | — | £314,793 | — | -£1,279,417 | — | -£3,205,566 | -£4,636,816 | |
| Profit before tax | -£723,597 | — | -£297,523 | — | £310,472 | — | -£1,282,698 | — | -£3,248,857 | -£4,856,265 | |
| Net profit | -£675,554 | — | -£255,547 | — | £310,472 | — | -£893,960 | — | -£2,969,133 | -£4,644,374 | |
| Cash | £149,259 | £149,259 | £77,818 | £77,818 | £2,049,775 | £2,049,775 | £1,562,126 | £1,562,126 | £2,071,694 | £1,680,338 | |
| Total assets less current liabilities | £2,230,387 | — | £4,035,673 | — | £5,574,520 | — | £4,668,268 | — | £6,686,843 | £5,030,178 | |
| Net assets | £1,898,523 | — | £3,675,382 | — | £4,067,238 | — | £3,173,278 | — | £1,604,144 | -£3,040,230 | |
| Equity | £1,898,523 | £1,898,523 | £3,675,382 | £3,675,382 | £4,067,238 | £4,067,238 | £3,173,278 | £3,173,278 | £1,604,144 | -£3,040,230 | |
| Average employees | 70 | — | 64 | — | 72 | — | 94 | — | 106 | 75 | |
| Wages | £2,818,771 | — | £2,848,110 | — | £3,690,409 | — | £4,659,209 | — | £5,061,394 | £3,868,150 | |
| Directors' remuneration | £154,639 | — | £199,281 | — | £233,455 | — | £338,840 | — | £364,000 | £443,726 |
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
-69.9%
£5,763,219 £1,733,741
lowest in 6 filed years
-
Cash
-18.9%
£2,071,694 £1,680,338
-
Net assets
-289.5%
£1,604,144 -£3,040,230
lowest in 6 filed years
-
Employees
-29.2%
106 75
-
Operating profit
-44.6%
-£3,205,566 -£4,636,816
lowest in 6 filed years
-
Profit before tax
-49.5%
-£3,248,857 -£4,856,265
lowest in 6 filed years
-
Wages
-23.6%
£5,061,394 £3,868,150
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 | 2019-12-31 | 2020-01-01 | 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 | -14.4% | — | -2.8% | — | 4.7% | — | -19.2% | — | -55.6% | — | |
| Net margin | -16.8% | — | -5.2% | — | 4.7% | — | -13.4% | — | -51.5% | — | |
| Return on capital employed | -26.0% | — | -3.4% | — | 5.6% | — | -27.4% | — | -47.9% | -92.2% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | — | — | — | 82.4% | 143.1% | |
| Current ratio | — | — | — | — | — | — | — | — | 1.92x | 1.25x | |
| Interest cover | -4.01x | — | -0.85x | — | 72.85x | — | -251.06x | — | -49.18x | -21.13x |
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 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Hurst Accountants Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Management have prepared forecasts which show the company is able to continue as a going concern for a period of at least 12 months from the date these financial statements have been approved. There are forward facing statements in the document, and the forecasts include material contract values now signed which span over 5 years.”
Significant events
- “In early 2024, NorthWest EHealth (NWEH) began a series of contract negotiations on the development of a groundbreaking obesity trial, resulting in the announcement made by Lilly's CEO in October of 2024 that this £40m, 5 year-long project was based in Greater Manchester. Subsequently, NWEH has secured the above mentioned 5-year commitment from Lilly that will significantly improve the outlook of the business in coming years.”
- “Liquidity risk has been addressed by taking on £3m convertible loan notes from shareholders in 2024, and further securing an additional £2m of investment in 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CLARE, Barry | Director | 2022-12-01 | Jun 1953 | British |
| GIBSON, John Martin, Professor | Director | 2016-11-01 | Nov 1957 | British |
| GUEORGUIEV, Stephan Emilov | Director | 2026-03-06 | Apr 1978 | British |
| KUMAR, Dev, Dr. | Director | 2022-09-21 | Jan 1974 | British |
| WOGEL, Jonathan Michael, Dr | Director | 2022-12-01 | Jan 1964 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AHMED, Mukhtar | Director | 2021-08-05 | 2022-01-05 |
| CLAYTON, Peter Ellis, Professor | Director | 2019-01-19 | 2021-06-01 |
| DIXON, Stephen Leslie | Director | 2016-11-01 | 2021-06-01 |
| GREER, Ian, Professor | Director | 2016-11-01 | 2018-02-28 |
| GUEORGUIEV, Stephan Emilov | Director | 2024-09-05 | 2025-10-31 |
| JAIN, Rajesh Kumar | Director | 2016-06-08 | 2021-06-01 |
| KANE, Marie | Director | 2018-03-01 | 2022-02-10 |
| LIVINGSTON, James Allan | Director | 2025-11-10 | 2026-03-06 |
| LUGER, Michael Ian, Professor | Director | 2021-08-05 | 2022-04-30 |
| MOLLOY, Christopher Richard, Professor | Director | 2019-11-01 | 2024-09-30 |
| REILLY, Christopher Fintan, Professor | Director | 2019-05-01 | 2021-06-01 |
| TASKER, Andrew Paul | Director | 2018-03-01 | 2018-12-31 |
| TASKER, Andrew Paul | Director | 2018-01-01 | 2018-12-31 |
| TURNER, David John | Director | 2021-09-16 | 2022-11-18 |
| WARDLE, Christopher Mark | Director | 2022-11-30 | 2024-06-21 |
| YADI, Hakim Adam, Dr | Director | 2018-03-01 | 2019-04-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Foresight Enterprise Vct Plc | Corporate entity | Shares 25–50%, Voting 25–50% | 2023-10-11 | Active |
| Foresight Vct Plc | Corporate entity | Shares 25–50%, Voting 25–50% | 2023-10-11 | Active |
| University Of Manchester | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-11-01 | Ceased 2021-05-28 |
| Salford Royal Foundation Trust | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-11-01 | Ceased 2021-05-28 |
Filing timeline
Last 20 of 102 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-01-02 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-06 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-09-28 | AA | accounts | Accounts with accounts type full | |
| 2025-06-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-10 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-01-02 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-20 | AA | accounts | Accounts with accounts type full | |
| 2024-11-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-16 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-12 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-08-09 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-08-09 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2024-08-09 | SH01 | capital | Capital allotment shares | |
| 2024-07-18 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 1
- Officers appointed
- 1
- 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.