ECONIC BIOSCIENCES LIMITED
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Cash
£1.9m
-68.8% lowest in 3 filed years
Net assets
£581k
-91.7% lowest in 3 filed years
Employees
17
+13.3% highest in 3 filed years
Profit before tax
-£7.3m
-19.6% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
These conditions indicate the existence of a material uncertainty that may cast significant doubt on the Group's ability to continue as a going concern and therefore, the Group may be unable to realise its assets and discharge its liabilities in the normal course of business.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Financials 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 | — | — | — | — | |
| Operating profit | -£3,476,103 | -£6,002,792 | -£7,160,757 | -19.3% | |
| Profit before tax | -£3,560,453 | -£6,103,195 | -£7,300,278 | -19.6% | |
| Net profit | -£3,216,019 | -£5,602,048 | -£6,539,934 | -16.7% | |
| Cash | £7,971,606 | £6,047,255 | £1,887,647 | -68.8% | |
| Total assets less current liabilities | £9,140,926 | £7,586,504 | £872,412 | -88.5% | |
| Net assets | £8,492,256 | £6,977,367 | £581,359 | -91.7% | |
| Equity | £8,492,256 | £6,977,367 | £581,359 | -91.7% | |
| Average employees | 6 | 15 | 17 | +13.3% | |
| Wages | £498,066 | £1,377,533 | £1,624,300 | +17.9% | |
| Directors' remuneration | £160,358 | £403,007 | £680,290 | +68.8% |
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 | -38.0% | -79.1% | -820.8% | |
| Gearing (liabilities / total assets) | 18.7% | 22.9% | 86.8% | |
| Current ratio | 6.67x | 4.85x | 0.85x | |
| Interest cover | -40.87x | -59.11x | -50.60x |
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 2 times since incorporation
- ECONIC BIOSCIENCES LIMITED 2023-02-27 → present
- AMZL THERAPEUTICS LIMITED 2022-01-11 → 2023-02-27
- AMZL LIMITED 2021-12-17 → 2022-01-11
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“These conditions indicate the existence of a material uncertainty that may cast significant doubt on the Group's ability to continue as a going concern and therefore, the Group may be unable to realise its assets and discharge its liabilities in the normal course of business.”
Group structure
- ECONIC BIOSCIENCES LIMITED · parent
- Econic Biosciences Inc 100%
Significant events
- “In March 2026 the Group secured £4.7m ($6.25m) of convertible loan notes all of which will be drawn down imminently.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| STEVENS, Josephine Angela | Secretary | 2023-01-19 | — | — |
| FOY, Shaun Patrick | Director | 2021-12-17 | Feb 1970 | Canadian |
| KUDARI, Mahesh | Director | 2025-07-17 | Jul 1984 | British |
| MUFTI, Iqbal | Director | 2025-07-17 | Jan 1975 | British |
| NOVAK, Rodger, Dr | Director | 2022-03-28 | Jun 1967 | German |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| OAKWOOD CORPORATE SECRETARY LIMITED | Corporate Secretary | 2021-12-17 | 2023-01-19 |
| FOY, Matthew | Director | 2022-04-08 | 2025-07-17 |
| GEORGE, Simeon John | Director | 2022-04-08 | 2025-07-17 |
| WALLACE, Owen | Director | 2024-05-21 | 2026-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Dr Rodger Novak | Individual | Shares 25–50%, Voting 25–50% | 2022-03-28 | Ceased 2022-04-08 |
| Shaun Patrick Foy | Individual | Shares 25–50%, Voting 25–50% | 2021-12-17 | Ceased 2022-04-08 |
Filing timeline
Last 20 of 44 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-05-09 RESOLUTIONS Resolution
- 2025-12-17 RESOLUTIONS Resolution
- 2025-01-02 RESOLUTIONS Resolution
- 2025-01-02 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-08 | AA | accounts | Accounts with accounts type group | |
| 2026-05-09 | RESOLUTIONS | resolution | Resolution | |
| 2026-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-17 | RESOLUTIONS | resolution | Resolution | |
| 2025-10-08 | AA | accounts | Accounts with accounts type group | |
| 2025-07-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-21 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-21 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-02 | RESOLUTIONS | resolution | Resolution | |
| 2025-01-02 | MA | incorporation | Memorandum articles | |
| 2024-12-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-19 | SH01 | capital | Capital allotment shares | |
| 2024-09-22 | AA | accounts | Accounts with accounts type full | |
| 2024-05-23 | SH01 | capital | Capital allotment shares | |
| 2024-05-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-11-04 | SH01 | capital | Capital allotment shares | |
| 2023-09-29 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 1
- Officers appointed
- 0
- 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.