MOREDUN RESEARCH INSTITUTE
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Cash
£8.7m
-21% lowest in 3 filed years
Net assets
£16m
-1.4% vs 2025
Employees
106
-0.9% vs 2025
Profit before tax
-£233k
-142.7% lowest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Total income | £14,207,411 | £15,932,784 | £15,669,822 | -1.7% | |
| Operating profit | -£344,310 | -£732,702 | — | — | |
| Profit before tax | £2,026,850 | £545,933 | -£233,006 | -142.7% | |
| Net profit | £2,026,850 | £545,933 | -£233,006 | -142.7% | |
| Cash | £11,407,427 | £10,950,886 | £8,651,592 | -21% | |
| Total assets less current liabilities | £15,871,532 | £16,417,465 | £16,184,459 | -1.4% | |
| Net assets | £15,871,532 | £16,417,465 | £16,184,459 | -1.4% | |
| Equity | £15,871,532 | £16,417,465 | £16,184,459 | -1.4% | |
| Average employees | 98 | 107 | 106 | -0.9% | |
| Wages | £4,328,213 | £4,758,999 | £4,620,440 | -2.9% | |
| Directors' remuneration | — | £13,670 | £13,670 | 0% |
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 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | -2.4% | -4.6% | — | |
| Net margin | 14.3% | 3.4% | -1.5% | |
| Return on capital employed | -2.2% | -4.5% | — | |
| Gearing (liabilities / total assets) | 17.0% | 18.2% | 18.9% | |
| Current ratio | 4.28x | 3.84x | 3.21x |
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
- Henderson Loggie LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.”
Group structure
- MOREDUN RESEARCH INSTITUTE · parent
- Inocul8 Limited 100%
- Pentlands Immunologics Limited 100%
- Wormvax Limited 100%
- Evalu8 Science Limited 100%
- Gener8 Science Limited 100%
- Anticip8 Science Limited 100%
Significant events
- “We concluded the purchase of Firth Mains Farm in the year. This will be a key part of our sustainable farming research as well as being an exemplar 'living lab'.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 43 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SHANKEY, Rosemary Eva | Secretary | 2025-06-27 | — | — |
| BAILEY, Timothy George William | Director | 2024-06-13 | Jan 1973 | British |
| BLAKE, Damer Peter, Professor | Director | 2024-06-13 | May 1976 | British |
| BROOKES-WADE, Sharon Maree, Professor | Director | 2024-06-13 | Apr 1964 | British,Australian |
| FORDE, Taya Linden, Dr | Director | 2022-12-08 | Mar 1984 | Canadian |
| GRAY, William Gerald | Director | 2026-03-05 | Sep 1959 | British |
| LENNOX, Robert Allan | Director | 2022-09-08 | Apr 1954 | British |
| MORTON, Samuel Hamilton | Director | 2017-12-07 | Jun 1958 | British |
| ROWELL, Katherine Ann | Director | 2024-06-13 | Jun 1972 | Scottish |
Show 43 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BURNETT, Colin Neil | Secretary | 2017-06-08 | 2025-06-27 |
| RABY, Mairi | Secretary | 1998-02-10 | 2002-03-28 |
| RITSON, Isabell Robertson | Secretary | 1995-03-29 | 1997-03-17 |
| SCOTT, Kevin James | Secretary | 1997-03-17 | 1998-02-10 |
| VANDEPEEAR, Fiona | Secretary | 2002-03-19 | 2017-06-08 |
| TM COMPANY SERVICES LIMITED | Corporate Secretary | 1994-03-01 | 1995-03-29 |
| ARMOUR, James | Director | 1997-11-05 | 2006-09-06 |
| BELL, John Carnegie | Director | 2012-12-05 | 2022-09-08 |
| BIGGAR, Donald James | Director | 1997-05-07 | 1998-05-05 |
| BIGGAR, Walter Andrew | Director | 1994-03-01 | 1996-08-06 |
| CALMAN, Kenneth Charles, Sir | Director | 2006-12-06 | 2008-06-30 |
| DEVANEY, Eileen, Professor | Director | 2004-09-08 | 2016-09-08 |
| DIEUZY-LABAYE, Isabelle, Dr | Director | 2016-09-08 | 2022-09-08 |
| DONALDSON, Alexander Ivan, Professor | Director | 2006-12-06 | 2012-09-05 |
| DUNCAN MILLAR, Ian | Director | 2002-09-04 | 2012-09-05 |
| ELLIOTT, Richard Michael, Professor | Director | 2012-12-05 | 2014-12-04 |
| FELL, Fiona Catherine | Director | 1998-11-03 | 2007-09-05 |
| HOLMES, Peter Henry, Professor | Director | 2012-12-05 | 2022-09-08 |
| HOPKINS, David William, Professor | Director | 2015-03-05 | 2024-03-07 |
| IZAT, Alexander John Rennie | Director | 1994-03-01 | 2002-09-04 |
| JARRETT, James Oswald, Professor | Director | 1995-07-26 | 2005-09-07 |
| JEFFREY, John | Director | 2004-09-08 | 2011-12-08 |
| KINNAIRD, John | Director | 2008-06-11 | 2017-09-07 |
| LIVESEY, Kathleen Mary | Director | 2017-12-07 | 2022-02-15 |
| MASKELL, Duncan John, Professor | Director | 2006-12-06 | 2015-08-24 |
| MCBEATH, David George | Director | 1994-05-27 | 1996-08-06 |
| MILLER, Nigel Alexander | Director | 2015-03-05 | 2024-03-07 |
| MILNE, John Charles, Professor | Director | 2020-09-03 | 2024-01-25 |
| MILNE, John Charles, Professor | Director | 2009-09-09 | 2014-06-30 |
| PENNINGTON, Thomas Hugh, Professor | Director | 2002-12-04 | 2006-04-13 |
| RICHARDS, Katherine Anne, Dr | Director | 2022-09-08 | 2026-09-03 |
| RICHARDS, Randolph Harvey, Professor | Director | 2003-03-05 | 2012-09-05 |
| ROSS, John Alexander | Director | 1995-07-03 | 2004-09-08 |
| RUSSELL, Alastair Muir, Sir | Director | 2020-09-03 | 2026-09-03 |
| RUSSELL, Alastair Muir, Sir | Director | 2009-09-09 | 2018-09-06 |
| SORRIE, Rosemary Helen | Director | 1995-07-03 | 1999-05-11 |
| STEWART, William Duncan Paterson, Sir | Director | 1998-08-19 | 2002-08-01 |
| STOBO, James | Director | 1994-03-01 | 1997-08-29 |
| SUTHERLAND, Ian Hutchison | Director | 1999-05-11 | 2007-09-05 |
| TREES, Alexander John, Lord | Director | 2011-12-09 | 2020-09-03 |
| WAKELIN, Derek, Professor | Director | 1994-05-27 | 2003-09-03 |
| WILLIAMS, Diana Jane Lloyd, Professor | Director | 2016-09-08 | 2024-03-07 |
| WILSON, James Taylor | Director | 1994-05-27 | 2000-05-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Moredun Foundation | Corporate entity | Voting 75–100%, Appoints directors | 2018-11-09 | Active |
Filing timeline
Last 20 of 187 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-14 | AA | accounts | Accounts with accounts type full | |
| 2026-09-15 | TM01 | officers | Termination director company with name termination date | |
| 2026-09-15 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-06 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-06-27 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-06-27 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-03-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-01 | AA | accounts | Accounts with accounts type full | |
| 2024-07-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-29 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-24 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- 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.