JOHNSON & JOHNSON FINANCE LIMITED
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Next accounts due
2025-12-31
Overdue
Confirmation statement due
2026-12-21 (in 7mo)
Last made up 2025-12-07
Watchouts
Cash
£102K
+67.2% vs 2023
Net assets
-£39M
-277.6% vs 2023
Employees
—
Average over period
Profit before tax
-£66M
-6,362% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2025-12-31.
Name history
Renamed 2 times since incorporation
- JOHNSON & JOHNSON FINANCE LIMITED 1993-07-06 → present
- P. J. REYNOLDS INVESTMENTS LIMITED 1979-12-31 → 1993-07-06
- DEVICES LIMITED 1973-11-14 → 1979-12-31
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2023-12-31
| Metric | Trend | 2023-01-01 | 2023-12-31 |
|---|---|---|---|
| Turnover | £30,844,000 | £30,995,000 | |
| Operating profit | £2,297,000 | £2,942,000 | |
| Profit before tax | £1,052,000 | -£65,876,000 | |
| Net profit | £126,000 | -£61,426,000 | |
| Cash | £61,000 | £102,000 | |
| Total assets less current liabilities | £124,596,000 | £17,021,000 | |
| Net assets | £22,119,000 | -£39,293,000 | |
| Equity | £22,119,000 | -£39,293,000 | |
| Average employees | — | — | |
| Wages | — | — |
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 | 2023-01-01 | 2023-12-31 |
|---|---|---|---|
| Operating margin | 7.4% | 9.5% | |
| Net margin | 0.4% | -198.2% | |
| Return on capital employed | 1.8% | 17.3% | |
| Gearing (liabilities / total assets) | 84.8% | 145.9% | |
| Current ratio | 1.59x | 0.53x | |
| Interest cover | 1.84x | 2.47x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Notwithstanding net current liabilities of £32,559,000 (2022: net current assets of £12,413,000) and net liabilities of £39,293,000 (2022: net assets of £22,119,000) as of the balance sheet date, the directors believe that preparing the financial statements on a going concern basis is appropriate. The company has an intercompany loan agreement for a 10-year period, which has increased the liquidity. In 2024, the company received a cash contribution of USD 100,000,000 to support the company's going concern status. In addition, the company has access to the intercompany cash pool to borrow if required.”
Significant events
- “On 12th November 2021, Johnson & Johnson announced its intention to separate the Consumer Health business to create a new publicly traded company, with a new name now shared as Kenvue. The separation process was completed in 2023.”
- “In February 2024, the company's board approved the decision to sell its investment properties; the sale was finalized in August 2024.”
- “In June 2024, the company received a cash contribution of USD 100,000,000 from its parent company, Johnson & Johnson Management Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HASKELL, Elizabeth Kay | Director | 2021-08-23 | Dec 1970 | British |
| HEUDECKER, Candace Cnar | Director | 2022-12-31 | May 1983 | American |
| MCLEAN, James Angus | Director | 2021-08-23 | Jul 1968 | British |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOWLER, Warren Charles Ewart | Secretary | 2008-01-01 | 2021-02-09 |
| CHALLIS, Claudia | Secretary | 2006-10-22 | 2008-01-01 |
| GLENDINNING, Andrew Edward | Secretary | 2003-10-23 | 2006-10-22 |
| SCOONES, Barrie Mervyn | Secretary | — | 1993-07-04 |
| THORNBERRY, Robert Charles | Secretary | 2002-03-01 | 2003-10-23 |
| WILLIAMS, Malcolm Forbes | Secretary | 1993-07-05 | 2002-01-10 |
| BOWLER, Warren Charles Ewart | Director | 2013-11-01 | 2021-02-09 |
| CHARLES, Gerald Bruce | Director | 1993-07-05 | 1995-05-31 |
| CUNNINGHAM, James Stewart Foulds | Director | — | 1993-07-04 |
| DARVILL, Keith | Director | 1993-07-05 | 2000-07-07 |
| DAWKINS, Vanessa | Director | 2021-02-09 | 2021-08-23 |
| DENARSKI, Sandra | Director | 2005-11-01 | 2012-03-30 |
| DIDIER, Stephanie | Director | 2021-02-09 | 2022-12-31 |
| HINES, Richard L | Director | 1996-05-30 | 2001-05-31 |
| MURPHY, Hugh | Director | 2022-12-31 | 2023-05-17 |
| MYERS, Simon | Director | 2021-02-09 | 2022-05-03 |
| O'CALLAGHAN, Stephen Timothy | Director | 2000-07-07 | 2020-03-10 |
| RIFE, Dana | Director | 2001-06-01 | 2005-10-31 |
| SHAW, Jane Elizabeth | Director | — | 1993-07-04 |
| SIDEY, Kate | Director | 2021-02-09 | 2021-08-23 |
| VAUGHAN-READ, Charles | Director | 2021-08-23 | 2022-12-31 |
| WILLIAMS, Malcolm Forbes | Director | 1993-07-05 | 2002-01-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Johnson & Johnson Management Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 141 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-18 | AA | accounts | Accounts with accounts type full | |
| 2024-12-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-22 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-11-22 | AA | accounts | Accounts with accounts type full | |
| 2023-05-31 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-27 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-27 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-27 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-27 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-05 | AA | accounts | Accounts with accounts type full | |
| 2022-12-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-26 | TM01 | officers | Termination director company with name termination date | |
| 2022-01-05 | AA | accounts | Accounts with accounts type full | |
| 2021-12-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-11 | CH01 | officers | Change person director company with change date | |
| 2021-08-31 | AP01 | officers | Appoint person director company with name date | |
| 2021-08-26 | TM01 | officers | Termination director company with name termination date | |
| 2021-08-26 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- 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 → FY2023 · period ending 2023-12-31 vs 2023-01-01
-
Turnover
+0.5%
£30,844,000 £30,995,000
-
Cash
+67.2%
£61,000 £102,000
-
Net assets
-277.6%
£22,119,000 -£39,293,000
-
Employees
—
Not reported
-
Operating profit
+28.1%
£2,297,000 £2,942,000
-
Profit before tax
-6,362%
£1,052,000 -£65,876,000
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