ILC THERAPEUTICS LTD
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-06-30
Confirmation statement due
2026-07-27 (in 2mo)
Last made up 2025-07-13
Watchouts
Cash
£2M
+38.2% highest in 4 filed years
Net assets
£3M
+30.2% highest in 4 filed years
Employees
14
-6.7% vs 2023
Profit before tax
-£2M
+27.7% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
Our company, being a research and development organisation, is naturally reliant on continuous fundraising to sustain and advance our operations. This reliance inherently introduces a degree of material uncertainty regarding our ability to continue as a going concern. We are confident that our current funds will sustain our operations for the next three quarters without the need for additional fundraising. This also provides us with sufficient time to secure additional funding, ensuring continuity and progress in our development programs.
Net assets
5-year trend · vs Health Care median
Accounts
5-year trend · latest reflected 2024-06-30
| Metric | Trend | 2018-06-30 | 2019-06-30 | 2020-06-30 | 2023-06-30 | 2024-06-30 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | |
| Operating profit | — | — | — | -£3,138,495 | -£2,270,089 | |
| Profit before tax | — | — | — | -£3,138,495 | -£2,270,089 | |
| Net profit | — | — | — | -£2,749,965 | -£1,989,285 | |
| Cash | — | £6,923 | £380,541 | £1,410,164 | £1,949,203 | |
| Total assets less current liabilities | — | £96,518 | £532,200 | £2,048,501 | £2,666,150 | |
| Net assets | — | £96,518 | £532,200 | £2,048,501 | £2,666,150 | |
| Equity | — | £96,518 | £532,200 | £2,048,501 | £2,666,150 | |
| Average employees | — | 2 | 2 | 15 | 14 | |
| Wages | — | — | — | £783,657 | £637,298 | |
| Directors' remuneration | — | — | — | £439,862 | £226,275 |
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 2024-06-30 vs 2023-06-30
-
Turnover
—
Not reported
-
Cash
+38.2%
£1,410,164 £1,949,203
highest in 4 filed years
-
Net assets
+30.2%
£2,048,501 £2,666,150
highest in 4 filed years
-
Employees
-6.7%
15 14
-
Operating profit
+27.7%
-£3,138,495 -£2,270,089
-
Profit before tax
+27.7%
-£3,138,495 -£2,270,089
-
Wages
-18.7%
£783,657 £637,298
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 | 2018-06-30 | 2019-06-30 | 2020-06-30 | 2023-06-30 | 2024-06-30 |
|---|---|---|---|---|---|---|
| Return on capital employed | — | — | — | -153.2% | -85.1% | |
| Gearing (liabilities / total assets) | — | — | — | 11.7% | 16.3% | |
| Current ratio | — | — | — | 7.83x | 5.67x |
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.
Name history
Renamed 1 time since incorporation
- ILC THERAPEUTICS LTD 2019-07-26 → present
- ALFACYTE LIMITED 2012-06-21 → 2019-07-26
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Chiene + Tait LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“Our company, being a research and development organisation, is naturally reliant on continuous fundraising to sustain and advance our operations. This reliance inherently introduces a degree of material uncertainty regarding our ability to continue as a going concern. We are confident that our current funds will sustain our operations for the next three quarters without the need for additional fundraising. This also provides us with sufficient time to secure additional funding, ensuring continuity and progress in our development programs.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MBM SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2023-02-03 | — | — |
| BAINS, Peter James Jonathan | Director | 2021-05-12 | Jul 1957 | British |
| BRINSMEAD, Christopher David | Director | 2021-09-01 | Mar 1959 | British |
| GRAINGER, Kevin Gawn | Director | 2015-07-15 | Dec 1958 | British |
| HARRISON, David, Dr | Director | 2021-09-01 | Mar 1959 | British |
| KOPPLE, Robert | Director | 2021-09-02 | Mar 1944 | American |
| MILLINGTON, Owain Richard, Dr | Director | 2024-07-01 | Dec 1976 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALLEN, Hazel | Secretary | 2021-09-01 | 2023-02-03 |
| ALLEN, Hazel Anne | Director | 2019-12-10 | 2021-09-01 |
| BROWN, Gillian | Director | 2015-07-15 | 2019-07-31 |
| CLARK, Alan George | Director | 2016-12-14 | 2019-05-31 |
| FLOCKHART, Peter William Burnett | Director | 2022-11-15 | 2023-05-30 |
| HUNTER, Ian, Dr | Director | 2015-07-15 | 2017-09-14 |
| JERVIS, Karen Elizabeth, Dr | Director | 2012-06-21 | 2012-07-03 |
| MORGAN, Richard Cecil Eversfield | Director | 2021-05-12 | 2025-01-03 |
| NICOLSON, Magnus, Dr | Director | 2019-06-11 | 2022-03-11 |
| RAMSAY, Martin William | Director | 2017-03-15 | 2019-12-10 |
| STIMSON, William Howard, Professor | Director | 2012-06-21 | 2024-02-08 |
| STRACHAN, Alistair, Dr | Director | 2015-07-15 | 2016-12-01 |
| WALKER, Alan Keith, Dr | Director | 2020-05-28 | 2023-12-09 |
| WARDHAUGH, Christopher Thomas | Director | 2023-02-01 | 2025-12-15 |
| WATSON, Allan Mark | Director | 2021-09-01 | 2022-07-04 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Robert Kopple | Individual | Shares 25–50%, Voting 25–50% | 2022-10-13 | Active |
| Scottish Enterprise | Legal person | Shares 25–50%, Voting 25–50% | 2022-10-13 | Active |
| Professor William Howard Stimson | Individual | Significant influence | 2020-11-09 | Ceased 2024-04-24 |
| Scottish Enterprise | Legal person | Shares 25–50%, Voting 25–50% | 2018-07-09 | Ceased 2021-09-02 |
Filing timeline
Last 20 of 115 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-06-28 MA Memorandum articles
- 2024-06-28 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-22 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-07-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-31 | AA | accounts | Accounts with accounts type full | |
| 2025-01-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-24 | PSC03 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-07-19 | AA | accounts | Accounts with accounts type full | |
| 2024-07-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-28 | MA | incorporation | Memorandum articles | |
| 2024-06-28 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-28 | SH01 | capital | Capital allotment shares | |
| 2024-05-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-04-24 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-02-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-13 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-12 | TM01 | officers | Termination director company | |
| 2023-07-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-06-26 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-08 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 1
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.