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Cash

£58M

+189.8% vs 2024

Net assets

£63M

+133.8% vs 2024

Employees

540

+4.4% vs 2024

Profit before tax

-£114M

-35.5% vs 2024

Watchouts

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

Accounts

2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31

Metric Trend 2024-03-312025-03-31 Δ vs prior
Turnover £29,209,369£29,937,552 +2.5%
Operating profit -£84,093,211-£113,960,907 -35.5%
Profit before tax -£84,093,211-£113,960,907 -35.5%
Net profit -£84,093,211-£113,960,907 -35.5%
Cash £19,990,675£57,929,110 +189.8%
Total assets less current liabilities £26,925,953£62,965,046 +133.8%
Net assets £26,925,953£62,965,046 +133.8%
Equity £26,925,953£62,965,046 +133.8%
Average employees 517540 +4.4%
Wages £40,137,582£42,768,989 +6.6%
Directors' remuneration £657,292£555,605 -15.5%

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 2024-03-312025-03-31
Return on capital employed -312.3%-181.0%
Gearing (liabilities / total assets) 45.2%28.8%
Current ratio 1.87x3.14x

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Audit & accounting basis

Accounting basis
FRS 102
Reporting scope
Standalone (parent only)
Auditor
Forvis Mazars LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The Directors have assessed the ability of the DHSC to provide the support and accordingly the financial statements have been prepared on a going concern basis.”

Significant events

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

People

11 active · 28 resigned

Name Role Appointed Born Nationality
MALTBY, Nicholas David Secretary 2013-05-14 British
BAJAJ, Vikram Director 2021-01-25 Jan 1978 Canadian
BIRNEY, John Frederick William, Prof Director 2016-07-01 Dec 1972 British
BLACKWOOD, Nicola, Baroness Director 2020-05-12 Oct 1979 British
JENKINS, Annalisa Mary, Dr Director 2021-01-25 Jun 1965 British
MARZETTI, Gail Elizabeth, Dr Director 2026-01-26 Jan 1962 British
NEBHRAJANI, Sharmila Director 2026-04-16 Mar 1966 British
PERRIN, Nicola May Roche Director 2022-07-18 Dec 1973 British
SCOTT, Richard Hywel, Dr Director 2023-09-04 Jun 1976 British
STEWART, Alexander Keith, Dr Director 2017-11-14 Sep 1961 American
YAKNEEN, Sergei Director 2025-12-11 Nov 1979 Canadian
Show 28 resigned officers
Name Role Appointed Resigned
BAIGENT, Andrew David Director 2014-04-29 2017-07-24
BELL, John Irving, Professor Sir Director 2013-08-13 2025-04-30
BROWN, Matthew Director 2021-11-08 2026-04-02
CAMPION, Rosalind Lucy Elizabeth Director 2022-01-24 2025-10-06
CAULFIELD, Mark Jonathan, Professor Sir Director 2013-07-08 2021-07-31
CHISHOLM, John Alexander Raymond, Sir Director 2013-07-08 2019-01-30
COATES, Peter Alexander Director 2013-04-17 2013-08-13
COOK, Gary Stephen Director 2019-03-25 2020-11-13
DAVIES, Kay Elizabeth, Professor Director 2014-04-29 2020-03-31
DAVIES, Sally Claire, Professor Dame Director 2013-08-13 2020-03-31
DEAN, Kevin John Director 2013-08-13 2016-05-10
ELAND, Andrew Director 2021-01-25 2024-01-25
FERRIS, Timothy Gregg, Dr Director 2022-09-12 2023-10-31
GRANT, Malcolm John, Sir Director 2013-12-06 2018-10-31
GURR, Douglas John, Dr Director 2024-03-20 2025-02-03
HARDING, Diana Mary, Baroness Director 2019-11-26 2020-09-03
KERR, Ronald James, Sir Director 2017-11-14 2020-03-31
MATTICK, John Stanley, Professor Director 2018-04-12 2019-01-23
MCKINLAY, Andrew Robert Director 2017-08-24 2018-03-31
MCLEOD, Kristen Director 2018-04-12 2021-11-12
MEDDINGS, Richard Henry Director 2023-12-04 2025-03-31
MOSES, Ed Director 2025-10-06 2026-01-22
OLDFIELD, Steven Director 2018-04-12 2020-03-31
PARKER, Michael John, Professor Director 2013-08-13 2022-07-31
PARRY, Vivienne Director 2013-08-13 2014-02-08
PRIOR, David Gifford Leathes, Lord Director 2019-01-29 2022-03-31
SYMONDS, Jonathan Richard Director 2013-10-22 2025-10-14
WIGLEY, Christopher Martin Director 2019-10-01 2023-10-31

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
The Secretary Of State For Health And Social Care Legal person Shares 75–100% 2016-04-14 Active

Filing timeline

Last 20 of 134 total filings

Date Type Category Description
2026-05-01 CS01 confirmation-statement Confirmation statement with updates PDF
2026-04-23 AP01 officers Appoint person director company with name date PDF
2026-04-07 TM01 officers Termination director company with name termination date PDF
2026-02-03 SH01 capital Capital allotment shares PDF
2026-01-27 AP01 officers Appoint person director company with name date PDF
2026-01-25 CH01 officers Change person director company with change date PDF
2026-01-25 CH01 officers Change person director company with change date PDF
2026-01-22 TM01 officers Termination director company with name termination date PDF
2025-12-16 AP01 officers Appoint person director company with name date PDF
2025-12-01 CH01 officers Change person director company with change date PDF
2025-10-20 TM01 officers Termination director company with name termination date PDF
2025-10-10 CH01 officers Change person director company with change date PDF
2025-10-10 AP01 officers Appoint person director company with name date PDF
2025-10-10 CH01 officers Change person director company with change date PDF
2025-10-10 TM01 officers Termination director company with name termination date PDF
2025-08-05 SH01 capital Capital allotment shares PDF
2025-07-24 AA accounts Accounts with accounts type full
2025-05-08 TM01 officers Termination director company with name termination date PDF
2025-04-23 CS01 confirmation-statement Confirmation statement with updates PDF
2025-04-01 SH01 capital Capital allotment shares PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
17

last 12 months

Capital events
3

last 24 months

Officers appointed
3

last 12 months

Officers resigned
4

last 12 months

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

Official Companies House page