COMPEDICA LIMITED
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Cash
£25k
+2.8% vs 2024
Net assets
-£114k
+99% vs 2024
Employees
3
0% vs 2024
Profit before tax
-£3.2m
+0.4% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The Group is reliant on financial support from its parent and its ability to provide such support is dependent on further fund raising. There is a reasonable possibility that the parent may not be able to provide necessary funding or would not have a business rationale, constituting a material uncertainty that may cast significant doubt on the Group's ability to continue as a going concern.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | £6,378 | £9,161 | £1,433 | -84.4% | |
| Operating profit | — | -£3,477,965 | -£3,191,776 | -£3,179,238 | +0.4% | |
| Profit before tax | — | -£3,485,675 | -£3,191,776 | -£3,179,238 | +0.4% | |
| Net profit | — | -£3,485,675 | -£3,191,776 | -£3,179,238 | +0.4% | |
| Cash | — | £342,827 | £24,331 | £25,018 | +2.8% | |
| Total assets less current liabilities | — | — | -£10,965,089 | -£114,375 | +99% | |
| Net assets | £4,287,638 | £7,773,313 | -£10,965,089 | -£114,375 | +99% | |
| Equity | — | — | — | -£114,375 | — | |
| Average employees | 3 | 3 | 3 | 3 | 0% | |
| Wages | — | £278,243 | £268,452 | £280,125 | +4.3% | |
| Directors' remuneration | — | — | £268,452 | £280,125 | +4.3% |
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 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|
| Gearing (liabilities / total assets) | -2023.5% | -1444.8% | 6608.2% | 143.0% | |
| Current ratio | — | 0.06x | 0.01x | 0.56x |
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.
Name history
Renamed 3 times since incorporation
- COMPEDICA LIMITED 2022-02-08 → present
- COMPEDICA HOLDINGS LIMITED 2022-02-08 → 2022-02-08
- DBC MEDICAL LTD 2020-11-12 → 2022-02-08
- WOLSELEY MANAGERS LIMITED 2020-08-26 → 2020-11-12
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- KPMG Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The Group is reliant on financial support from its parent and its ability to provide such support is dependent on further fund raising. There is a reasonable possibility that the parent may not be able to provide necessary funding or would not have a business rationale, constituting a material uncertainty that may cast significant doubt on the Group's ability to continue as a going concern.”
Group structure
- COMPEDICA LIMITED · parent
- Compedica Inc 100%
Significant events
- “During March 2026, the company received confirmation from Even Keel Ltd, that Morgan Innovation and Technology Limited (the UK companies main Manufacturing partner) had entered into a Company Voluntary Arrangement.”
- “The effect of this announcement is that the Morgans will default on their manufacturing agreement to supply 1000 Optipulse unit to be used for Compedica future commercialisation activity”
- “As this agreement was partially prepaid by Compedica Ltd, there is a financial loss of £436,500 which has been accounted for in these year-end accounts ending December 31st 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| EKE, Denham Hervey Newall | Director | 2020-08-26 | Sep 1951 | British |
| GIBSON, Jamie | Director | 2022-01-05 | Mar 1966 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MELLON, James | Director | 2021-10-25 | 2021-10-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr James Mellon | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-02-05 | Active |
Filing timeline
Last 20 of 24 total filings
Material constitutional events — rename, articles re-file, resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-20 | AA | accounts | Accounts with accounts type group | |
| 2026-07-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-04 | SH01 | capital | Capital allotment shares | |
| 2025-10-24 | AA | accounts | Accounts with accounts type group | |
| 2025-07-16 | SH01 | capital | Capital allotment shares | |
| 2025-07-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type micro entity | |
| 2024-07-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-18 | AA | accounts | Accounts with accounts type group | |
| 2023-06-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-10-03 | AA | accounts | Accounts with accounts type group | |
| 2022-09-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-08 | CERTNM | change-of-name | Certificate change of name company | |
| 2022-02-08 | CERTNM | change-of-name | Certificate change of name company | |
| 2022-01-05 | AP01 | officers | Appoint person director company with name date | |
| 2021-12-15 | TM01 | officers | Termination director company with name termination date | |
| 2021-10-25 | AP01 | officers | Appoint person director company with name date | |
| 2021-09-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-09-04 | AA01 | accounts | Change account reference date company current extended | |
| 2021-02-09 | PSC01 | persons-with-significant-control | Notification of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 0
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.