TROPIC BIOSCIENCES UK LIMITED
Operating from the Norwich Research Park, this privately held biotechnology company focuses on the research and experimental development of tropical and subtropical crops.
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Cash
£41m
+176.7% highest in 3 filed years
Net assets
£42m
+268.1% highest in 3 filed years
Employees
156
-0.6% vs 2024
Profit before tax
£6.4m
+136.8% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
3-year trend · vs Consumer Staples 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 | £730,095 | £1,073,501 | £1,034,731 | -3.6% | |
| Operating profit | -£13,447,894 | -£15,935,529 | -£17,084,080 | -7.2% | |
| Profit before tax | -£16,738,526 | -£17,397,923 | £6,396,796 | +136.8% | |
| Net profit | -£15,509,450 | -£15,392,817 | £6,474,239 | +142.1% | |
| Cash | £17,266,076 | £14,861,493 | £41,114,883 | +176.7% | |
| Total assets less current liabilities | -£1,716,847 | -£24,886,372 | £41,835,527 | +268.1% | |
| Net assets | -£9,753,319 | -£24,886,372 | £41,835,527 | +268.1% | |
| Equity | -£9,753,319 | — | £41,835,527 | — | |
| Average employees | 142 | 157 | 156 | -0.6% | |
| Wages | £6,414,401 | £7,276,066 | £7,889,995 | +8.4% | |
| Directors' remuneration | £317,330 | £352,609 | £376,933 | +6.9% | |
| Directors' pension contributions | £13,152 | £34,741 | £19,200 | -44.7% | |
| Highest paid director | £180,012 | £225,208 | £218,417 | -3% |
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 |
|---|---|---|---|---|
| Return on capital employed | — | — | -40.8% | |
| Gearing (liabilities / total assets) | 131.1% | 227.6% | 4.9% | |
| Current ratio | 0.90x | 0.40x | 19.98x |
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
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Accordingly, the directors consider that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern, and they continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- TROPIC BIOSCIENCES UK LIMITED · parent
- Tropic Biosciences (SG) PTE. LTD. 100%
- Tropic Biosciences NL B.V. 100%
Significant events
- “In 2025, Tropic commercially launched its first product: a reduced-browning banana variety.”
- “On 5 December 2025, the Company successfully closed its Series C1 funding round, raising $54.4m (£40.5m) in new capital.”
- “On 16 February 2026, Tropic Supply UK Limited completed the acquisition of Rahan, a company registered in Israel, for a total cash consideration of $20 million.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ROWLES, Jamie Michael | Secretary | 2016-11-23 | — | — |
| BELLDEGRUN, Benjamin | Director | 2017-07-10 | Mar 1976 | Finnish |
| FAUCHER, Joy | Director | 2025-12-05 | Dec 1994 | French |
| GERSHON, Gilad Moshe | Director | 2016-07-11 | Jan 1982 | Israeli |
| GREENE, Thomas W. | Director | 2025-12-05 | Mar 1967 | American |
| MAORI, Eyal, Dr | Director | 2017-03-20 | Jun 1978 | Israeli |
| SHRIKANTH, Siddarth | Director | 2026-03-11 | Dec 1994 | British |
| VIGODMAN, Erez | Director | 2018-07-13 | Sep 1959 | Israeli |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ROWLES, Jamie Michael | Secretary | 2016-07-11 | 2016-11-01 |
| GRAICHEN, Ralph | Director | 2025-09-01 | 2025-12-05 |
| LAWRENCE, David Kenneth, Dr | Director | 2018-07-13 | 2025-12-05 |
| LI, Qi | Director | 2022-01-21 | 2025-09-01 |
| MANZONI, Niccolo | Director | 2018-07-13 | 2025-12-05 |
| PETIARD, Vincent, Dr | Director | 2017-07-10 | 2018-07-02 |
| THAKRAR, Hitesh | Director | 2017-04-20 | 2020-03-23 |
| VAGMAN, Adi | Director | 2017-07-10 | 2018-05-02 |
| WELCH, Ivo Icio Alexander, Professor | Director | 2017-07-10 | 2018-07-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Gilad Moshe Gershon | Individual | Shares 75–100%, Voting 75–100%, Appoints directors, Significant influence | 2016-07-11 | Ceased 2020-03-23 |
Filing timeline
Last 20 of 99 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-04-03 RESOLUTIONS Resolution
- 2026-04-03 MA Memorandum articles
- 2026-02-16 MA Memorandum articles
- 2026-02-16 RESOLUTIONS Resolution
- 2025-12-27 RESOLUTIONS Resolution
- 2025-12-27 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-01 | SH01 | capital | Capital allotment shares | |
| 2026-09-21 | AA | accounts | Accounts with accounts type group | |
| 2026-09-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-08-10 | SH01 | capital | Capital allotment shares | |
| 2026-04-29 | CH01 | officers | Change person director company with change date | |
| 2026-04-03 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-03 | MA | incorporation | Memorandum articles | |
| 2026-03-24 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-17 | SH01 | capital | Capital allotment shares | |
| 2026-02-17 | SH01 | capital | Capital allotment shares | |
| 2026-02-16 | SH08 | capital | Capital name of class of shares | |
| 2026-02-16 | MA | incorporation | Memorandum articles | |
| 2026-02-16 | RESOLUTIONS | resolution | Resolution | |
| 2026-02-15 | SH10 | capital | Capital variation of rights attached to shares | |
| 2026-01-23 | SH01 | capital | Capital allotment shares | |
| 2025-12-27 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-27 | MA | incorporation | Memorandum articles | |
| 2025-12-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-18 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 7
- Officers appointed
- 3
- Officers resigned
- 3
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.