SMC PHARMA SERVICES LTD
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Cash
£756K
+127.5% highest in 5 filed years
Net assets
-£35M
-34.4% lowest in 5 filed years
Employees
28
-56.9% vs 2023
Profit before tax
-£8.9M
+48.2% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £138,972 | £2,100,244 | +1,411.3% | |
| Operating profit | — | — | — | -£15,999,911 | -£7,509,057 | +53.1% | |
| Profit before tax | — | — | — | -£17,118,443 | -£8,873,953 | +48.2% | |
| Net profit | -£1,003,629 | -£2,498,546 | -£5,715,645 | -£17,181,896 | -£8,956,292 | +47.9% | |
| Cash | £414,600 | £62,730 | £128,853 | £332,371 | £755,993 | +127.5% | |
| Total assets less current liabilities | £3,328,278 | £1,589,732 | £24,188,864 | £13,790,757 | £9,789,422 | -29% | |
| Net assets | £3,328,278 | £829,732 | -£4,885,913 | -£26,011,490 | -£34,967,782 | -34.4% | |
| Equity | £3,328,278 | £829,732 | -£4,885,913 | -£26,011,490 | -£34,967,782 | -34.4% | |
| Average employees | 4 | 4 | 45 | 65 | 28 | -56.9% | |
| Wages | — | — | — | £4,675,432 | £2,439,999 | -47.8% | |
| Directors' remuneration | — | — | — | £88,593 | £134,924 | +52.3% |
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Return on capital employed | — | — | — | -116.0% | -76.7% | |
| Current ratio | — | — | — | 0.79x | 0.52x | |
| Interest cover | — | — | — | -14.30x | -5.50x |
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.
Name history
Renamed 1 time since incorporation
- SMC PHARMA SERVICES LTD 2024-04-23 → present
- CAMBRIDGE PHARMA LIMITED 2016-10-26 → 2024-04-23
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Price Bailey LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the basis that the Group is a going concern. In reaching this decision, the directors have considered projections of the cash flows of the Group for the next twelve months covering the existing commitments of the Group together with additional investment required to develop autoinjector technologies and that required to ensure the business completes the fit-out of its leasehold facility that will deliver pharmaceutical development and contract manufacturing services for small batch fill finish. The cash flows indicate that the Group may need additional finance during 2025 and 2026, which will be provided via a related Company, Scientific Molding Corporation Ltd. At the balance sheet date, as highlighted in Note 20, the Group had borrowed £43,521,366 via loan notes with Scientific Molding Corporation Ltd, over a 10-year term expiring 1 December 2031. Since the year end, in the first half of 2025, Scientific Molding Corporation Ltd have provided additional funding as required. Scientific Molding Corporation Ltd have confirmed they have sufficient funds to provide such further funding and their willingness to provide their continued financial support for a period of 12 months from the date of approval of these financial statements.”
Group structure
- SMC PHARMA SERVICES LTD · parent
- Oval Medical Technologies Limited 100%
Significant events
- “During the year, the Group continued the fit out of its leasehold facility that will deliver a pharmaceutical development and contract manufacturing service for small batch fill finish.”
- “The Group's employee numbers decreased to an average of 28 in 2024, down from an average of 65 in the 2023 period following a restructure of the Group's operations.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PATEL, Chetan Narendra | Director | 2016-10-26 | Sep 1959 | American |
| SCHICK, Michael | Director | 2016-10-26 | Aug 1958 | American |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JONES, Elizabeth Anne | Director | 2023-06-16 | 2025-04-25 |
| LEAD, Barbara Ann | Director | 2019-06-18 | 2023-01-23 |
| NUNES, Jawad | Director | 2016-10-26 | 2023-06-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs Meena Chetan Patel | Individual | Shares 25–50% (as trust) | 2016-12-29 | Active |
| Mr Chetan Narendra Patel | Individual | Shares 25–50% (as trust) | 2016-12-29 | Active |
| Mr Michael Schick | Individual | Significant influence, Significant influence (as trust) | 2016-10-26 | Ceased 2016-12-29 |
| Mr Jawad Nunes | Individual | Significant influence, Significant influence (as trust) | 2016-10-26 | Ceased 2016-12-29 |
Filing timeline
Last 20 of 38 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-04-23 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-29 | AA | accounts | Accounts with accounts type group | |
| 2025-05-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-06 | AA | accounts | Accounts with accounts type group | |
| 2024-04-23 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-10-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-27 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-10-27 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-10-27 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-10-27 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-08-04 | AA | accounts | Accounts with accounts type group | |
| 2023-06-20 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-20 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-01 | TM01 | officers | Termination director company with name termination date | |
| 2022-12-21 | AA | accounts | Accounts with accounts type group | |
| 2022-10-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-27 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2022-10-27 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2022-10-27 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- 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.