VALNEVA SCOTLAND LIMITED
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Cash
£2.4m
-25.1% lowest in 3 filed years
Net assets
£15m
-11.7% vs 2024
Employees
140
-13% lowest in 3 filed years
Profit before tax
-£5.4m
-426.6% lowest in 3 filed years
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
3-year trend · vs Industrials 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 | £49,553,000 | £42,381,000 | £54,098,000 | +27.6% | |
| Operating profit | £6,006,000 | £6,255,000 | £115,000 | -98.2% | |
| Profit before tax | £1,543,000 | £1,667,000 | -£5,445,000 | -426.6% | |
| Net profit | -£960,000 | £1,700,000 | -£3,862,000 | -327.2% | |
| Cash | £4,691,000 | £3,257,000 | £2,440,000 | -25.1% | |
| Total assets less current liabilities | £85,952,000 | £98,805,000 | £86,256,000 | -12.7% | |
| Net assets | £14,157,000 | £17,219,000 | £15,207,000 | -11.7% | |
| Equity | £14,157,000 | £17,219,000 | £15,207,000 | -11.7% | |
| Average employees | 175 | 161 | 140 | -13% | |
| Wages | £9,168,000 | £9,152,000 | £8,844,000 | -3.4% | |
| Directors' remuneration | £271,000 | £567,000 | £734,000 | +29.5% | |
| Directors' pension contributions | £21,000 | £46,000 | £48,000 | +4.3% |
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 |
|---|---|---|---|---|
| Operating margin | 12.1% | 14.8% | 0.2% | |
| Net margin | -1.9% | 4.0% | -7.1% | |
| Return on capital employed | 7.0% | 6.3% | 0.1% | |
| Gearing (liabilities / total assets) | 85.7% | 84.7% | 83.4% | |
| Current ratio | 1.75x | 2.60x | 4.88x | |
| Interest cover | 1.32x | 1.33x | 0.02x |
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.
Name history
Renamed 2 times since incorporation
- VALNEVA SCOTLAND LIMITED 2013-08-30 → present
- INTERCELL BIOMEDICAL LIMITED 2004-02-11 → 2013-08-30
- PACIFIC SHELF 1251 LIMITED 2003-12-05 → 2004-02-11
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Constantin
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors of Valneva SE, Valneva Scotland's ultimate parent undertaking and controlling party, have confirmed that they will support the company to enable it to meet its third party liabilities as they fall due for a period of at least twelve months from the date of approval”
Significant events
- “Following an inspection of our Livingston manufacturing site in February 2026, the FDA informed the Company that it is unable to grant approval of the BLA supplement related to manufacture of IXIARO at the Almeida facility due to outstanding compliance issues associated with the inspection.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MFMAC SECRETARIES LIMITED | Corporate Secretary | 2005-04-27 | — | — |
| BÜHLER, Peter | Director | 2024-01-29 | Jul 1969 | Swiss |
| DEQUENNE, Vincent | Director | 2024-01-29 | Apr 1966 | Belgian |
| LINGELBACH, Thomas | Director | 2006-12-05 | Sep 1963 | German |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MD SECRETARIES LIMITED | Corporate Nominee Secretary | 2004-02-10 | 2005-04-27 |
| OSWALDS OF EDINBURGH LIMITED | Corporate Nominee Secretary | 2003-12-05 | 2004-02-10 |
| BUSCHLE, Michael, Dr | Director | 2004-04-20 | 2006-02-24 |
| GRIMAUD, Franck Charles Marie | Director | 2017-06-06 | 2025-06-25 |
| KANDERA, Reinhard, Dr | Director | 2004-02-10 | 2017-03-31 |
| LAWRENCE, David | Director | 2017-10-23 | 2020-09-29 |
| ROONEY, Greig Scott | Director | 2022-05-20 | 2025-12-31 |
| ZETTLMEISSL, Gerd Werner | Director | 2004-02-10 | 2004-04-20 |
| JORDANS (SCOTLAND) LIMITED | Corporate Nominee Director | 2003-12-05 | 2004-02-10 |
| MD DIRECTORS LIMITED | Corporate Nominee Director | 2004-02-10 | 2004-02-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Valneva Se | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-02-05 | Ceased 2025-05-13 |
| Valneva Austria Gmbh | Corporate entity | Shares 75–100%, Voting 75–100% | 2019-01-23 | Active |
| Biopharma Secured Investments Ii Holdings Cayman Lp | Corporate entity | Shares 75–100%, Voting 75–100% | 2018-05-09 | Ceased 2019-01-23 |
Filing timeline
Last 20 of 123 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-28 | AA | accounts | Accounts with accounts type full | |
| 2026-05-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-10 | CH01 | officers | Change person director company with change date | |
| 2025-11-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-26 | AA | accounts | Accounts with accounts type full | |
| 2025-07-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-23 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-05-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-03-18 | CH04 | officers | Change corporate secretary company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 14
- Capital events
- 0
- 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.