LEX DIAGNOSTICS LIMITED
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Cash
£719K
-71.3% vs 2024
Net assets
-£59M
-45.5% vs 2024
Employees
42
+31.3% vs 2024
Profit before tax
-£20M
-2.6% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
In the opinion of the directors, each of the two matters noted above represents a material uncertainty related to events of conditions that may cast significant doubt on the company's ability to continue as a going concern.
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
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Going-concern uncertainty disclosed
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Negative shareholders' funds
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | -£16,311,000 | -£15,510,000 | +4.9% | |
| Profit before tax | -£19,056,000 | -£19,549,000 | -2.6% | |
| Net profit | -£19,056,000 | -£18,460,000 | +3.1% | |
| Cash | £2,508,000 | £719,000 | -71.3% | |
| Total assets less current liabilities | -£11,060,000 | -£29,520,000 | -166.9% | |
| Net assets | -£40,585,000 | -£59,045,000 | -45.5% | |
| Equity | — | — | — | |
| Average employees | 32 | 42 | +31.3% | |
| Wages | £2,004,000 | £2,703,000 | +34.9% | |
| Directors' remuneration | £226,000 | £234,000 | +3.5% |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 523.1% | 1749.3% | |
| Current ratio | 0.45x | 0.09x |
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
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“In the opinion of the directors, each of the two matters noted above represents a material uncertainty related to events of conditions that may cast significant doubt on the company's ability to continue as a going concern.”
Significant events
- “During the year LEX Diagnostics finalised the development of the first generation of its instrument and consumables to enable fast, cost-effective PCR at point of care. A major focus for the year has been the verification and validation of the VELO system, including the management of clinical and usability studies in the United States in preparation for submission, in June 2025, of the product to the FDA for clearance.”
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 |
|---|---|---|---|---|
| CORKUM, Andrew Dwight | Director | 2026-04-17 | Apr 1968 | Canadian |
| FARRELL, Edward Joseph | Director | 2023-01-19 | Feb 1970 | Irish |
| ITANI, Salah | Director | 2026-04-17 | Nov 1984 | Lebanese |
| JENKINS, Richard John | Director | 2026-04-17 | Dec 1979 | British |
| MANNING, Alastair James | Director | 2026-04-17 | May 1974 | British |
| MOSELLE, Edward Steven | Director | 2026-04-17 | May 1980 | American |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HADDOW, Keith Alexander | Secretary | 2020-02-11 | 2023-10-17 |
| BAKER-CAMPBELL, Andrew Robert, Dr | Director | 2020-02-11 | 2026-04-17 |
| BULLIVANT, Harry Jethro | Director | 2021-06-28 | 2022-12-09 |
| DAY, Simon Christopher | Director | 2023-12-14 | 2026-04-17 |
| HADDOW, Keith Alexander | Director | 2020-02-11 | 2023-10-17 |
| HYDE, Samuel Charles William, Dr | Director | 2023-10-17 | 2023-10-17 |
| O'BRIEN, Scott | Director | 2023-01-19 | 2026-04-17 |
| SANDERS, Giles Hugo William, Dr | Director | 2023-01-19 | 2026-04-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ttp Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-02-11 | Active |
Filing timeline
Last 20 of 55 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-01-02 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-05 | SH01 | capital | Capital allotment shares | |
| 2026-04-27 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-04-27 | AA01 | accounts | Change account reference date company current shortened | |
| 2026-04-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-20 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-20 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-20 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-20 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-19 | AA | accounts | Accounts with accounts type full | |
| 2025-02-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-18 | AA | accounts | Accounts with accounts type full | |
| 2024-02-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-04 | AA | accounts | Accounts with accounts type full | |
| 2024-01-02 | SH02 | capital | Capital alter shares subdivision | |
| 2024-01-02 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 1
- Officers appointed
- 5
- Officers resigned
- 4
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.