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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2026-05-03

Overdue

Watchouts

2 items

Cash

£3M

lowest in 5 filed years

Net assets

£6M

first positive since 2023

Employees

56

Average over period

Profit before tax

-£14M

Period ending 2024-12-31

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

Accounts

5-year trend · latest reflected 2024-12-31

Metric Trend 2020-03-312021-03-312022-03-312023-12-312024-12-31
Turnover
Operating profit -£12,632,908-£13,931,715
Profit before tax -£15,525,828-£13,903,882
Net profit -£14,527,287-£12,251,523
Cash £7,991,106£5,501,965£5,272,264£7,360,792£3,048,948
Total assets less current liabilities £8,302,109£6,291,812£9,383,894-£6,020,768£6,335,929
Net assets £8,296,862£6,291,812£9,383,894-£6,020,768£6,335,929
Equity £8,296,862£6,291,812£9,383,894-£6,020,768£6,335,929
Average employees 1118286356
Wages £4,232,414£5,321,999
Directors' remuneration £373,200£628,482

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

Year-on-year comparison hidden: this filing's period length differs materially from the prior year.

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2020-03-312021-03-312022-03-312023-12-312024-12-31
Return on capital employed 209.8%-219.9%
Current ratio 0.49x3.02x
Interest cover -28.78x-149.62x

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
RSM UK Audit LLP
Audit opinion
Unqualified (clean)
Going concern
Material uncertainty disclosed

“The directors acknowledge that there is no certainty over funding being secured. The directors consider it appropriate to continue to adopt the going concern basis of accounting with reference to their strong relationship with their existing investors. However, the circumstances noted above indicate the existence of a material uncertainty related to events or conditions which may cast significant doubt on the company's ability to continue as a going concern. The financial statements do not include any adjustments that would result from the basis of preparation being inappropriate.”

Significant events

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

6 active · 12 resigned

Name Role Appointed Born Nationality
STRANGE, Melissa Secretary 2026-04-20
BAIRD, Iain Director 2019-12-30 Apr 1968 British,American
BAMFORTH, Mark Director 2019-12-30 Jan 1963 British,American
MCILROY, James Roger, Dr Director 2017-03-02 Jan 1993 British
SCHNEE, Elmar Josef Director 2023-05-31 May 1959 Swiss
THOMSON, Douglas Campbell Director 2019-12-30 Oct 1964 British
Show 12 resigned officers
Name Role Appointed Resigned
LEA, Christopher Paul Secretary 2023-12-08 2024-09-26
BENNETT, Colin Christopher Director 2017-03-09 2019-12-30
BUTLER, Michael John Director 2019-09-11 2020-07-15
CLARK, Gavin David Director 2017-03-09 2019-06-13
CLARK, James Scott, Dr Director 2017-05-12 2019-07-31
COLEMAN, Andrew Alan Director 2017-05-31 2018-10-05
LAWRENCE, David Director 2022-03-17 2025-09-30
LEA, Christopher Paul Director 2024-02-27 2024-09-26
MCILROY, Roger, Dr Director 2017-03-09 2017-05-12
OLALE, Felix Andy Awili, Dr Director 2024-06-13 2025-12-31
RITCHIE, Lewis Duthie, Professor Sir Director 2017-05-12 2019-12-30
SCAMBLER, Carol Joyce Director 2018-10-05 2019-12-30

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Morag Bamforth Individual Significant influence 2020-01-21 Active
Mr Mark Bamforth Individual Shares 25–50%, Voting 25–50%, Appoints directors 2020-01-10 Active
Dr James Roger Mcilroy Individual Shares 50–75%, Voting 50–75%, Appoints directors 2017-03-02 Ceased 2020-01-10

Filing timeline

Last 20 of 104 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2026-04-02 MA Memorandum articles
  • 2026-04-02 RESOLUTIONS Resolution
  • 2025-07-15 RESOLUTIONS Resolution
  • 2025-04-10 MA Memorandum articles
  • 2025-04-10 RESOLUTIONS Resolution
  • 2025-03-13 RESOLUTIONS Resolution
Date Type Category Description
2026-04-22 AP03 officers Appoint person secretary company with name date PDF
2026-04-16 SH01 capital Capital allotment shares
2026-04-02 MA incorporation Memorandum articles
2026-04-02 RESOLUTIONS resolution Resolution
2026-01-19 TM01 officers Termination director company with name termination date PDF
2025-10-22 TM01 officers Termination director company with name termination date
2025-09-11 AA accounts Accounts with accounts type full
2025-07-28 SH01 capital Capital allotment shares
2025-07-15 RESOLUTIONS resolution Resolution
2025-06-06 CS01 confirmation-statement Confirmation statement with updates
2025-05-29 CH01 officers Change person director company with change date PDF
2025-04-30 SH01 capital Capital allotment shares
2025-04-10 MA incorporation Memorandum articles
2025-04-10 RESOLUTIONS resolution Resolution
2025-03-13 RESOLUTIONS resolution Resolution
2024-10-07 TM01 officers Termination director company with name termination date PDF
2024-10-07 TM02 officers Termination secretary company with name termination date PDF
2024-09-20 AA accounts Accounts with accounts type small
2024-06-17 AP01 officers Appoint person director company with name date PDF
2024-06-04 CS01 confirmation-statement Confirmation statement with updates

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
11

last 12 months

Capital events
3

last 24 months

Officers appointed
1

last 12 months

Officers resigned
2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page