NORGINE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-08 (in 3mo)
Last made up 2025-07-25
Watchouts
None on the register
Cash
£1M
-78.5% vs 2023
Net assets
£74M
+17.6% vs 2023
Employees
608
-5% vs 2023
Profit before tax
£13M
+78.4% vs 2023
Net assets
2-year trend · vs Health Care median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £107,149,000 | £113,294,000 | |
| Operating profit | £6,716,000 | £10,934,000 | |
| Profit before tax | £7,350,000 | £13,111,000 | |
| Net profit | £6,611,000 | £10,691,000 | |
| Cash | £4,673,000 | £1,004,000 | |
| Total assets less current liabilities | £66,709,000 | £80,360,000 | |
| Net assets | £63,209,000 | £74,351,000 | |
| Equity | £63,209,000 | £74,351,000 | |
| Average employees | 640 | 608 | |
| Wages | £40,945,000 | £44,697,000 |
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 | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 6.3% | 9.7% | |
| Net margin | 6.2% | 9.4% | |
| Return on capital employed | 10.1% | 13.6% | |
| Gearing (liabilities / total assets) | 43.5% | 46.6% | |
| Current ratio | 1.32x | 1.43x | |
| Interest cover | 4.75x | 4.42x |
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
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“the Directors are confident that the Group will have sufficient funds to continue to meet its liabilities as they fall due up to 30th September 2026 and therefore have prepared the financial statements on a going concern basis.”
Group structure
- NORGINE LIMITED · parent
- Norgine N.V. 0.17%
Significant events
- “On 15 February 2025, Spinnaker Debtco Limited, an indirect parent company of Norgine Limited completed a refinancing of its Senior Facility which resulted in €125m of additional borrowing at EURIBOR plus 500bps in addition to re-denominating the GBP 180m and AUD 100m tranches of the Term Loans to Euros, with interest also charged at EURIBOR plus 500bps. Norgine Limited is a guarantor for Spinnaker Debtco Limited's liabilities under the Senior Facility.”
- “On 11 April 2025, the Spinnaker Topco Limited Group signed a sale and purchase agreement to acquire all shares and convertible bonds in Theravia Pharma SAS, the holding entity of an international pharmaceutical company specialising in cutting-edge treatments for patients with rare and debilitating conditions. The transaction is subject to customary regulatory clearances and is expected to close during 2025. The total value of the transaction is €287m which includes the value of borrowings (which will require settlement by the Group on acquisition) and other debt like items (which will be assumed by the Group on acquisition).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 35 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARRETO MARTINIANO, Saulo | Director | 2024-09-01 | Dec 1972 | Brazilian |
| FINNEY, Gareth James | Director | 2020-11-04 | May 1980 | British |
| JONES, John Leighton, Dr | Director | 2020-03-13 | Aug 1977 | British |
| VAN DER KAMP, Hilde Johanna | Director | 2024-12-04 | Mar 1975 | Dutch |
Show 35 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BLACKMORE, Francis Andrew | Secretary | 2013-11-26 | 2021-04-30 |
| DEECH, John Stewart, Dr | Secretary | 1991-11-29 | 1992-03-01 |
| EKE, Frederick John | Secretary | 1992-03-01 | 1996-02-21 |
| LAWTHER, William Michael | Secretary | — | 1991-11-29 |
| MOSES, Alison Philamin | Secretary | 2021-04-30 | 2021-12-07 |
| RUELLE, Paul John | Secretary | 2009-01-22 | 2013-11-26 |
| TODD, David Robert | Secretary | 2006-03-27 | 2009-01-22 |
| ABOGADO NOMINEES LIMITED | Corporate Nominee Secretary | 1996-03-01 | 2006-03-27 |
| ANDRE, Georges | Director | 2006-03-27 | 2012-03-16 |
| BATH, Christopher William | Director | 2014-11-25 | 2024-09-30 |
| BUSSEY, Tara | Director | 2016-03-09 | 2020-10-14 |
| COX, Ian | Director | 2011-02-22 | 2014-10-15 |
| DOLLOW, Stuart Clive, Dr | Director | 2010-01-04 | 2011-02-21 |
| GALLINGTON, Martin Roy | Director | 2006-03-27 | 2007-08-24 |
| HARSANT, Peter Robert | Director | 1991-11-01 | 2005-02-21 |
| HEANEY, James Arnold | Director | 1997-03-01 | 2005-03-04 |
| HORGAN, William Joseph | Director | — | 1998-01-13 |
| LAWTHER, William Michael | Director | — | 1991-11-29 |
| LEDOUBLE, Jean-Roch Guy Nicolas | Director | 2017-12-15 | 2020-03-13 |
| LEONARD, Frank Herbert | Director | — | 1992-01-03 |
| MARTIN, Peter | Director | 2014-08-20 | 2020-06-30 |
| MARTIN, Peter | Director | 2004-06-30 | 2006-03-29 |
| MCVEY, Donna Louise, Dr | Director | 2012-04-04 | 2016-03-09 |
| PAY, Paul William | Director | 2017-12-15 | 2021-05-28 |
| PILLAI, Joanne Mary | Director | 2007-08-24 | 2015-11-30 |
| POULTON, Hugh Anthony | Director | — | 2005-04-18 |
| RICHARDS, Meirion Eric | Director | 2015-12-11 | 2016-07-08 |
| ROCHE, Lesley Sharon | Director | 2020-07-30 | 2023-04-30 |
| SCRIMGEOUR, Kenneth Eric | Director | 2016-08-10 | 2017-12-15 |
| STEIN, Peter Michael | Director | 2024-09-29 | 2024-11-15 |
| STEIN, Peter Michael | Director | — | 2014-08-20 |
| STEIN, Walter | Director | — | 1995-09-21 |
| TAYLOR, Malcolm Archibald | Director | 2014-08-20 | 2016-08-10 |
| TIMMINS, Dawn Lesley | Director | 2016-07-08 | 2017-12-15 |
| TODD, David Robert | Director | 2009-01-22 | 2014-08-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Spinnaker Debtco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-12-14 | Active |
| Mr Peter Michael Stein | Individual | Significant influence | 2016-04-06 | Ceased 2022-12-14 |
| Norgine B.V. | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2016-04-06 |
Filing timeline
Last 20 of 228 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-02 | MR05 | mortgage | Mortgage charge part both with charge number | |
| 2025-10-04 | AA | accounts | Accounts with accounts type full | |
| 2025-08-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-31 | AD02 | address | Change sail address company with old address new address | |
| 2025-03-04 | CH01 | officers | Change person director company with change date | |
| 2025-02-24 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-02-03 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-12-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-10 | AA | accounts | Accounts with accounts type full | |
| 2024-10-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-18 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-05 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2024-07-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-08 | CH01 | officers | Change person director company with change date | |
| 2024-05-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-10-06 | AA | accounts | Accounts with accounts type full | |
| 2023-08-08 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+5.7%
£107,149,000 £113,294,000
-
Cash
-78.5%
£4,673,000 £1,004,000
-
Net assets
+17.6%
£63,209,000 £74,351,000
-
Employees
-5%
640 608
-
Operating profit
+62.8%
£6,716,000 £10,934,000
-
Profit before tax
+78.4%
£7,350,000 £13,111,000
-
Wages
+9.2%
£40,945,000 £44,697,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers