MASTERS PHARMACEUTICALS LIMITED
Get an alert when MASTERS PHARMACEUTICALS LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£570k
-42.1% lowest in 3 filed years
Net assets
£2.3m
+92.8% highest in 3 filed years
Employees
74
-7.5% lowest in 3 filed years
Profit before tax
£1.2m
+312.9% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-10-14.
Net assets
3-year trend · vs Health Care median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £26,133,644 | £26,067,236 | £30,696,738 | +17.8% | |
| Operating profit | -£1,038,708 | £509,349 | £1,329,980 | +161.1% | |
| Profit before tax | -£1,315,010 | £288,633 | £1,191,871 | +312.9% | |
| Net profit | -£1,474,641 | £97,047 | £1,165,331 | +1,100.8% | |
| Cash | £1,745,202 | £984,291 | £569,618 | -42.1% | |
| Total assets less current liabilities | £1,342,034 | £1,180,650 | £2,363,718 | +100.2% | |
| Net assets | £1,342,034 | £1,180,650 | £2,276,379 | +92.8% | |
| Equity | £1,342,034 | £1,180,650 | £2,276,379 | +92.8% | |
| Average employees | 78 | 80 | 74 | -7.5% | |
| Wages | £3,114,635 | £3,222,242 | £3,480,646 | +8% | |
| Directors' remuneration | £753,721 | £984,849 | £1,062,007 | +7.8% | |
| Directors' pension contributions | £11,768 | £33,368 | £33,442 | +0.2% | |
| Highest paid director | £392,000 | £392,000 | £443,203 | +13.1% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -4.0% | 2.0% | 4.3% | |
| Net margin | -5.6% | 0.4% | 3.8% | |
| Return on capital employed | -77.4% | 43.1% | 56.3% | |
| Gearing (liabilities / total assets) | 81.2% | 82.3% | 71.5% | |
| Current ratio | 1.14x | 1.14x | 1.37x | |
| Interest cover | -3.71x | 2.31x | 9.32x |
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.
Name history
Renamed 4 times since incorporation
- MASTERS PHARMACEUTICALS LIMITED 2014-05-12 → present
- MASTERS SPECIALITY PHARMA LIMITED 2014-03-28 → 2014-05-12
- MASTERS PHARMACEUTICALS LIMITED 2009-03-23 → 2014-03-28
- MASTERS INTERNATIONAL (UK) LIMITED 1992-03-20 → 2009-03-23
- MASTERS MARKETING CO. LTD 1984-10-17 → 1992-03-20
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors continue to have a reasonable expectation that the Group has resources to continue in operational existence for the foreseeable future. Hence they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Group structure
- MASTERS PHARMACEUTICALS LIMITED · parent
- Masters Medical Inc (USA) 100%
- Aregno S.A. (Uruguay) 100%
- Drogueria Masters S.A. de C.V (El Salvador) 100%
- Masters Pharmaceuticals Ltda (Brazil) 100%
- Masters Bio Pharmaceuticals (India) 100%
- Zenthique Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| IRWIN MITCHELL SECRETARIES LIMITED | Corporate Secretary | 2011-02-24 | — | — |
| CLARKE, Simon Owen | Director | 2022-02-01 | Feb 1970 | British |
| GOLDFARB, Robert Ira | Director | 2023-05-31 | Aug 1955 | American |
| MASTERS, Suzad | Director | 2017-06-05 | Sep 1958 | British |
| MASTERS, Zain | Director | 2022-06-27 | Nov 1989 | British |
| MASTERS, Zulfikar | Director | — | Feb 1956 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MASTERS, Zabeen | Secretary | — | 2010-06-16 |
| BURNS, William Murray | Director | 2010-06-01 | 2015-06-30 |
| CLARKE, Simon Owen | Director | 2012-01-26 | 2018-07-16 |
| ELDER, Andrew Murdoch | Director | 2010-06-16 | 2017-02-22 |
| FOSTER, Lynda | Director | 2010-09-01 | 2017-10-06 |
| KANABAR, Parul | Director | 2019-03-01 | 2021-10-04 |
| KUMAR, Ashok | Director | 1999-10-04 | 2006-02-28 |
| MASTERS, Suzad | Director | 1996-02-06 | 2010-06-16 |
| MASTERS, Suzad | Director | — | 1992-04-01 |
| MASTERS, Zabeen | Director | — | 2010-06-16 |
| MCCUTCHEON, James Gary | Director | 2010-11-25 | 2011-08-19 |
| MORAN, David John | Director | 2010-06-16 | 2012-07-31 |
| TITTERSHILL, Andrew David | Director | 2022-03-21 | 2023-02-28 |
| WATSON, William Patrick, Dr | Director | 2017-10-06 | 2018-08-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs Zabeen Masters | Individual | Shares 50–75% (as trust), Voting 50–75% | 2017-08-21 | Ceased 2017-11-09 |
| Mr Zulfikar Masters | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2017-08-21 |
| Mr Michael James Fattorini | Individual | Shares 25–50% (as trust), Voting 25–50% (as trust) | 2016-04-06 | Ceased 2017-07-19 |
| Mr Gregory George Robert | Individual | Shares 25–50% (as trust), Voting 25–50% (as trust) | 2016-04-06 | Ceased 2017-07-19 |
Filing timeline
Last 20 of 222 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-11-12 RESOLUTIONS Resolution
- 2025-11-12 RESOLUTIONS Resolution
- 2025-10-27 RESOLUTIONS Resolution
- 2025-10-27 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-16 | AA | accounts | Accounts with accounts type group | |
| 2025-12-02 | AA | accounts | Accounts with accounts type group | |
| 2025-11-12 | RESOLUTIONS | resolution | Resolution | |
| 2025-11-12 | RESOLUTIONS | resolution | Resolution | |
| 2025-11-10 | SH01 | capital | Capital allotment shares | |
| 2025-10-27 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-27 | MA | incorporation | Memorandum articles | |
| 2025-10-03 | RP01CS01 | confirmation-statement | Replacement filing of confirmation statement with made up date | |
| 2025-09-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-18 | AD02 | address | Change sail address company with old address new address | |
| 2025-01-06 | AA | accounts | Accounts with accounts type group | |
| 2024-10-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-08 | CH01 | officers | Change person director company with change date | |
| 2024-10-07 | CH01 | officers | Change person director company with change date | |
| 2024-10-07 | CH01 | officers | Change person director company with change date | |
| 2024-01-13 | AA | accounts | Accounts with accounts type group | |
| 2023-11-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-31 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-09 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 1
- 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.