T.J.SMITH AND NEPHEW,LIMITED

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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2026-07-31 (in 2mo)

Last made up 2025-07-17

Watchouts

None on the register

Cash

£3M

-49.2% vs 2023

Net assets

£359M

+24% vs 2023

Employees

1,192

-11.4% vs 2023

Profit before tax

£67M

+134.6% vs 2023

Net assets

2-year trend · vs Basic Materials median

T.J.SMITH AND NEPHEW,LIMITED·Basic Materials median · n=623

Accounts

2-year trend · latest reflected 2024-12-31

Metric	2023-12-31	2024-12-31
Turnover	£562,811,000	£637,504,000
Operating profit	£25,748,000	£65,297,000
Profit before tax	£28,588,000	£67,077,000
Net profit	£27,464,000	£63,806,000
Cash	£6,182,000	£3,141,000
Total assets less current liabilities	£302,589,000	£380,535,000
Net assets	£289,520,000	£359,077,000
Equity	£289,520,000	£359,077,000
Average employees	1,346	1,192
Wages	£71,884,000	£67,358,000

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio	2023-12-31	2024-12-31
Operating margin	4.6%	10.2%
Net margin	4.9%	10.0%
Return on capital employed	8.5%	17.2%
Current ratio	2.30x	3.00x
Interest cover	96.07x	60.40x

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.

Audit & accounting basis

Accounting basis: FRS 102
Reporting scope: Standalone (parent only)
Auditor: Deloitte LLP
Audit opinion: Unqualified (clean)
Going concern: Affirmed
“The financial statements have been prepared on a going concern basis. The Company had net current assets of £220,110,000 and a profit for the year of £63,806,000. Received a letter of support from Smith & Nephew plc for 12 months. Directors have reasonable expectation Company has adequate resources.”

Group structure

T.J.SMITH AND NEPHEW,LIMITED · parent
1. Michelson Diagnostics Ltd 6.4% · United Kingdom

Significant events

“During 2024, the Group announced its intention to close the Warwick manufacturing site that manufactures Birmingham Hips Resurfacing (BHR) products.”
“In June 2023, the trustees concluded a full buy-in of the UK Defined Benefit Fund. The transaction resulted in a £51m loss being recognised in OCI with Nil cash impact. Following the conclusion of UK full buy-in, no decision on a future buy-out had been reached by the Company.”

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

People

4 active · 29 resigned

Name	Role	Appointed	Born	Nationality
BARRACLOUGH, Helen Louise	Director	2022-04-01	May 1978	British
MACKINNON, John Roderick	Director	2016-01-15	Apr 1966	British
SMITH, Alex	Director	2022-05-27	Nov 1982	British
TARRY, Simon Charles Clement	Director	2017-10-16	Jul 1967	British

Show 29 resigned officers

Name	Role	Appointed	Resigned
OLLIS, David	Secretary	—	2000-12-31
SMITH & NEPHEW NOMINEE SERVICES LIMITED	Corporate Secretary	2000-12-31	2015-11-01
BASRA, Deepak N/A	Director	2009-08-24	2009-09-30
BELL, Stewart William	Director	1995-02-16	2000-09-01
CHASE, James Ian Penn	Director	2014-05-21	2014-09-11
DICK, James Lawrence	Director	1995-02-16	2006-02-14
DICK, James Lawrence	Director	—	1992-11-20
FRYER, Alan Richmond	Director	—	2000-09-01
HAWKINS, David Collin	Director	—	1995-02-16
HILDYARD, Nicholas Alexander Cyril	Director	—	2002-03-31
HOLMES, Edward John	Director	—	1995-02-16
JENKINS, Darrell Kaye	Director	1998-04-28	2000-09-01
LOMAX, Clifford Kenneth	Director	2000-09-01	2007-12-31
MELLING, Ian Clifford	Director	2014-11-03	2022-05-27
O'DONNELL, Christopher John, Sir	Director	—	1997-10-28
OLLIS, David	Director	—	2000-12-31
SAHOTA, Bupinder Singh	Director	2014-09-11	2017-10-16
SIKORSKI, Jurek Stefan	Director	1993-08-09	1994-06-12
SWABEY, Susan Margaret	Director	2010-06-23	2022-04-01
TALYOR, Neil	Director	2013-09-02	2014-11-03
TEASDALE, Roger Peter	Director	2009-05-01	2014-03-07
TROLLOPE, David Alastair	Director	2000-09-01	2010-06-23
VAN TIGGELEN, Antonie Pieter	Director	2010-06-23	2013-09-09
WAIGHTS, Christopher Charles Bolingbroke	Director	2000-09-01	2007-03-30
WATERS, Henry Thomas Noel	Director	2014-07-30	2016-01-15
WEBSTER, David Fitzgerald, Dr	Director	1996-08-19	2002-12-31
WEBSTER, David Fitzgerald, Dr	Director	—	1995-02-16
WINTERBOTTOM, Peter Harry	Director	—	1994-12-31
WOODY, Joseph	Director	2006-02-14	2009-05-05

Ownership

Persons with significant control

Name	Kind	Nature of control	Notified	Status
Smith & Nephew Trading Group Limited	Corporate entity	Shares 75–100%, Voting 75–100%, Appoints directors	2016-04-06	Active

Filing timeline

Last 20 of 200 total filings

Date	Type	Category	Description
2025-09-30	AA	accounts	Accounts with accounts type full
2025-07-25	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2025-06-06	PSC05	persons-with-significant-control	Change to a person with significant control	PDF
2024-07-17	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2024-07-17	AA	accounts	Accounts with accounts type full
2024-05-22	AD01	address	Change registered office address company with date old address new address	PDF
2023-09-23	AA	accounts	Accounts with accounts type full
2023-08-02	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2022-10-05	AA	accounts	Accounts with accounts type full
2022-07-19	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2022-06-10	AP01	officers	Appoint person director company with name date	PDF
2022-06-09	TM01	officers	Termination director company with name termination date	PDF
2022-04-04	AP01	officers	Appoint person director company with name date	PDF
2022-04-01	TM01	officers	Termination director company with name termination date	PDF
2021-09-27	AA	accounts	Accounts with accounts type full
2021-07-19	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2021-01-09	AA	accounts	Accounts with accounts type full
2020-07-22	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2019-09-23	AA	accounts	Accounts with accounts type full
2019-08-23	AD03	address	Move registers to sail company with new address	PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings: 3
Capital events: 0
Officers appointed: 0
Officers resigned: 0

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

Year-on-year

FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31

Turnover

+13.3%

£562,811,000 £637,504,000
Cash

-49.2%

£6,182,000 £3,141,000
Net assets

+24%

£289,520,000 £359,077,000
Employees

-11.4%

1,346 1,192
Operating profit

+153.6%

£25,748,000 £65,297,000
Profit before tax

+134.6%

£28,588,000 £67,077,000
Wages

-6.3%

£71,884,000 £67,358,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Official Companies House page