MEDICINES EVALUATION UNIT LIMITED
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Cash
£8.1m
lowest in 6 filed years
Net assets
£13m
lowest in 6 filed years
Employees
160
Average over period
Profit before tax
£2.6m
Period ending 2025-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £14,709,377 | £17,147,512 | £17,573,750 | £18,166,529 | £18,188,618 | £12,834,578 | — | |
| Operating profit | £4,144,067 | £5,183,656 | £5,114,795 | £6,154,022 | £5,623,626 | £2,329,638 | — | |
| Profit before tax | £4,802,186 | £5,524,703 | £4,976,762 | £7,086,083 | £6,032,655 | £2,649,455 | — | |
| Net profit | £5,035,645 | £5,673,816 | £5,145,652 | £7,360,585 | £5,339,721 | £2,353,140 | — | |
| Cash | £11,879,257 | £12,612,851 | £16,627,503 | £19,504,181 | £33,216,149 | £8,102,097 | — | |
| Total assets less current liabilities | £22,149,821 | £26,325,005 | £30,297,400 | £34,068,307 | £38,345,116 | £12,674,312 | — | |
| Net assets | £22,086,762 | £26,283,526 | £30,226,961 | £34,020,086 | £38,296,895 | £12,650,035 | — | |
| Equity | — | — | — | — | £38,296,895 | £12,650,035 | — | |
| Average employees | 122 | 140 | 162 | 149 | 160 | 160 | — | |
| Wages | £4,468,093 | £5,288,243 | £5,862,295 | £6,181,738 | £6,874,030 | £5,274,329 | — | |
| Directors' remuneration | £313,182 | £388,331 | £387,070 | £483,116 | £663,735 | £293,716 | — | |
| Directors' pension contributions | — | — | — | — | £45,044 | £10,131 | — | |
| Highest paid director | — | — | — | — | £224,419 | — | — |
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 —. Year-on-year comparison hidden: this filing covers about 9 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 28.2% | 30.2% | 29.1% | 33.9% | 30.9% | 18.2% | |
| Net margin | 34.2% | 33.1% | 29.3% | 40.5% | 29.4% | 18.3% | |
| Return on capital employed | 18.7% | 19.7% | 16.9% | 18.1% | 14.7% | 18.4% | |
| Gearing (liabilities / total assets) | -12.1% | -13.7% | -8.0% | -15.3% | 6.4% | 19.1% | |
| Current ratio | — | — | — | — | 14.63x | 4.25x | |
| Interest cover | — | — | — | — | — | 45.23x |
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
- Mitchell Charlesworth (Audit) Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting...”
Significant events
- “Acquisition of Medicines Evaluation Unit Limited and its sister company CRO Solutions Limited by IQVIA in June 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 19 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JTC (UK) LIMITED | Corporate Secretary | 2025-06-27 | — | — |
| HIRA, Pauljit Singh | Director | 2026-08-18 | May 1976 | British |
| MORTON-MORYS, Andrea | Director | 2025-06-13 | Oct 1969 | British |
| RANDALL, Kerry Louise | Director | 2025-06-13 | Jul 1980 | British |
Show 19 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FIELDING, Benjamin James | Secretary | 2000-03-01 | 2001-05-21 |
| ROGERS, David | Secretary | 2001-05-21 | 2025-06-13 |
| WILLIAMS, Andrew James, Dr | Secretary | 1999-05-28 | 2000-03-01 |
| BRITANNIA COMPANY FORMATIONS LIMITED | Corporate Nominee Secretary | 1999-05-28 | 1999-05-28 |
| BARBER, Philip Vernon, Dr | Director | 2000-11-20 | 2025-06-13 |
| BATTY, Elizabeth Pamela | Director | 2024-01-23 | 2025-06-13 |
| BILYARD, Kevin George | Director | 2000-03-01 | 2001-03-30 |
| LANGLEY, Stephen, Dr | Director | 2003-09-08 | 2005-02-14 |
| MCNISH, Andrew Edward | Director | 2015-11-16 | 2025-06-13 |
| NIVEN, Robert Mclay, Dr | Director | 2005-01-01 | 2024-01-23 |
| PICKERING, Charles Anthony Cary, Professor | Director | 1999-05-28 | 2018-09-01 |
| ROGERS, David | Director | 2003-09-08 | 2025-06-13 |
| SINGH, Sukh Dave, Professor | Director | 2004-12-20 | 2025-06-13 |
| TURLAND, Kevin John | Director | 2025-06-13 | 2026-08-18 |
| VESTBO, Jorgen, Professor | Director | 2018-12-19 | 2025-06-13 |
| WEBB, Anthony Kevin | Director | 2000-11-20 | 2018-09-01 |
| WILLIAMS, Andrew James, Dr | Director | 1999-05-28 | 2001-01-19 |
| WOODCOCK, Ashley Arthur, Professor | Director | 2015-11-16 | 2025-06-13 |
| DEANSGATE COMPANY FORMATIONS LIMITED | Corporate Nominee Director | 1999-05-28 | 1999-05-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Iqvia Ltd. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-06-13 | Active |
| North West Lung Research Centre Charity | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2025-06-13 |
Filing timeline
Last 20 of 132 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-11-25 RESOLUTIONS Resolution
- 2025-10-28 MA Memorandum articles
- 2025-10-28 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-30 | AA | accounts | Accounts with accounts type full | |
| 2026-09-08 | TM01 | officers | Termination director company with name termination date | |
| 2026-09-08 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-17 | CH01 | officers | Change person director company with change date | |
| 2026-06-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-31 | AA | accounts | Accounts with accounts type medium | |
| 2025-11-25 | RESOLUTIONS | resolution | Resolution | |
| 2025-11-20 | SH08 | capital | Capital name of class of shares | |
| 2025-11-19 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-10-28 | MA | incorporation | Memorandum articles | |
| 2025-10-28 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-24 | AA01 | accounts | Change account reference date company current shortened | |
| 2025-09-03 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-09-03 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-07-03 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-06-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-19 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 1
- Officers appointed
- 1
- 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.