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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2027-03-15 (in 10mo)

Last made up 2026-03-01

Watchouts

1 item

Cash

£5M

-32.2% vs 2023

Net assets

£1B

+4.5% vs 2023

Employees

273

+11% vs 2023

Profit before tax

Period ending 2024-12-31

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

Name history

Renamed 3 times since incorporation

  1. THE HEALTH FOUNDATION 2003-07-09 → present
  2. THE PPP FOUNDATION 2001-12-31 → 2003-07-09
  3. PPP HEALTHCARE MEDICAL TRUST LIMITED 1996-08-02 → 2001-12-31
  4. PPP MEDICAL TRUST LIMITED 1983-04-14 → 1996-08-02

Accounts

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

Metric Trend 2023-12-312024-12-31
Turnover
Operating profit -£44,162,000-£50,081,000
Profit before tax
Net profit £27,591,000£53,189,000
Cash £7,422,000£5,033,000
Total assets less current liabilities £1,190,934,000£1,238,024,000
Net assets £1,175,071,000£1,228,260,000
Equity £1,175,071,000£1,228,260,000
Average employees 246273
Wages £14,854,000£17,123,000

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 2023-12-312024-12-31
Return on capital employed -3.7%-4.0%
Gearing (liabilities / total assets) 2.9%1.9%
Current ratio -0.47x-0.47x

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 102
Reporting scope
Consolidated group
Auditor
UHY Hacker Young
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group or parent charitable company's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.”

Group structure

  1. THE HEALTH FOUNDATION · parent
    1. Medtrust Innovations Limited 100% · England and Wales · Intellectual property
    2. The Victoria Fund LP Incorporated · Guernsey · Investment fund vehicle
    3. THISLabs Limited 70.17% · England and Wales · Business and domestic software development

Significant events

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

People

12 active · 62 resigned

Name Role Appointed Born Nationality
BEHAN, David, Sir Director 2025-07-09 Nov 1955 British
BLACKLOCK, Katherine Victoria Director 2021-03-12 Nov 1973 British
EDGE, Dawn Ethilda, Professor Director 2021-03-12 Jan 1957 British
GRAHAM, Kim Samantha, Professor Director 2025-08-16 Nov 1968 British
HAWKINS, Loraine Director 2017-04-13 Sep 1957 British
HUSSEY, Ruth Mary, Dr Director 2018-02-09 Apr 1956 British
NAJSAREK, Paul John Director 2023-03-01 Mar 1967 British
REID, Karen Director 2025-08-12 Nov 1969 British
SINKER, James Roland Director 2023-03-01 Dec 1970 British
SMART, David Eynon Director 2019-05-16 Jul 1961 British
WESTLAKE, Stian Director 2025-08-12 Dec 1977 British,Norwegian
WINTOUR, Rachel Director 2024-06-20 Nov 1969 British
Show 62 resigned officers
Name Role Appointed Resigned
DEEMING, Nicholas Secretary 1996-07-24 1997-12-11
LONG, John Herbert Secretary 1996-07-24
SHELDON, Jonathan Richard Secretary 2008-06-18 2012-01-18
STEPHENSON, Robin Secretary 1997-12-11 2007-05-18
THORNTON, Stephen Secretary 2007-05-18 2008-06-18
ASHER, Bernard Harry Director 1998-03-05 2006-09-15
BANKS, William Lawrence Director 1999-05-26 2003-05-13
BAUM, John David Director 1999-05-26 1999-09-05
BAYLISS, Richard Ian Samuel Director 1998-12-31
BLACK, Carol, Professor Director 2004-04-19 2007-09-19
BLAXLAND, Richard Bryan Director 1998-03-05 1999-09-23
CARTER, David Craig, Professor Director 2000-11-13 2008-12-04
CARTER, Yvonne Helen, Professor Director 1999-05-26 2007-09-19
CATTO, Graeme Robertson Dawson, Proffessor Director 2001-04-04 2002-06-28
COOKE, Richard William Ingram, Professor Director 1999-11-23 2005-09-16
DALTON, David Nigel, Sir Director 2014-01-06 2023-07-14
EASTON, James William Director 2006-12-13 2009-07-08
EASTON, Murray Simpson Director 2011-02-09 2017-02-02
FRESKO, Adrienne Sheila Director 2004-04-19 2013-11-26
GADSDEN, Peter Drury Haggerston, Sir Director 1996-07-24 1999-09-23
GIDOOMAL, Balram Director 1999-11-23 2005-09-16
GOLDMAN, Mark David Director 2007-12-13 2011-11-28
GOODWIN, Neil, Dr Director 2006-12-13 2008-10-07
GOOSE, Margaret Elizabeth Director 2006-12-13 2016-07-04
GRABHAM, Anthony Herbert, Sir Director 1998-03-05 2001-07-11
GREGORY, Eric Allan Director 2017-04-13 2025-06-30
GURUMURTHY, Ravi Krishnan Director 2021-03-12 2025-08-31
HAM, Christoper John, Professor Director 2006-01-09 2010-03-24
HOLE, Martyn Director 2012-06-01 2021-07-15
JEFFREYS, Branwen Director 2015-05-18 2024-07-11
KELLY, Deidre, Prof Director 2007-12-12 2016-07-04
KIDNER, Geoffrey Thomas Director 1992-10-20
LADY VALLANCE OF TUMMEL, Elizabeth Mary Director 1999-05-26 2008-06-18
LANGLANDS, Alan Robert, Sir Director 2008-12-04 2017-11-22
LORD, Peter Herent Director 2000-11-08
MACINTYRE, Sarah Jane, Professor Director 2000-11-07 2002-09-02
MARSHALL, Mary Tara, Professor Director 1998-03-05 2003-05-13
MCINTYRE, Bridget Fiona Director 2009-12-22 2019-07-12
MCNEILLY, Robert Henry, Dr Director 2003-07-29
MCPHERSON, Klim, Professor Director 2000-11-07 2006-09-15
MORRIS, Andrew, Professor Director 2007-12-12 2017-07-07
MORRIS, Peter John, Sir Director 1998-03-05 2003-05-13
NEBHRAJANI, Sharmila Director 2018-02-09 2021-07-30
NEWMAN, Lotte Therese, Dr Director 1996-07-24 1999-09-23
PECKHAM, Michael, Professor Sir Director 1998-03-05 1999-01-20
PENTECOST, Brian Leonard, Professor Director 1993-02-12 2004-06-16
PETERS, David Keith, Professor Sir Director 1998-03-05 2002-06-28
POOLE, Melloney Marina Caroline Director 2013-08-12 2021-12-31
POWER, Maxine, Dr Director 2009-06-18 2014-07-10
PROBERT, David Henry Director 1998-03-05 1999-09-23
RENFREW, Andrew Colin, Professor Lord Renfrew Of Kairnsthorn Director 1998-03-05 2002-06-28
ROQUES, David John Seymour Director 2001-11-06 2005-06-07
SAVILL, John Stewart, Professor Director 2001-04-04 2010-06-17
SAYERS, Michael Bernard Director 1998-03-05 2004-06-16
SAYERS, Michael Bernard Director 1995-03-27 1996-07-24
SHELDON, Mark Hebberton Director 1998-03-05 2002-06-28
SMYTH, Rosalind Louise, Professor Director 2016-04-04 2025-07-18
SOBIERAJ, Jan Janusz Director 2005-03-10 2014-07-10
SWALES, John Douglas, Professor Director 1999-05-26 2000-10-17
TAYLOR, Hugh Henderson, Sir Director 2017-04-13 2025-07-31
WILFORD, John Maxwell Ashby Director 2005-03-10 2014-07-10
ZAHN, David Director 2011-06-01 2020-07-09

Ownership

Persons with significant control

No persons with significant control on record.

Filing timeline

Last 20 of 269 total filings

Date Type Category Description
2026-03-17 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-09-01 TM01 officers Termination director company with name termination date PDF
2025-08-21 AP01 officers Appoint person director company with name date PDF
2025-08-21 AP01 officers Appoint person director company with name date PDF
2025-08-21 AP01 officers Appoint person director company with name date PDF
2025-08-04 AP01 officers Appoint person director company with name date PDF
2025-08-04 TM01 officers Termination director company with name termination date PDF
2025-07-28 AA accounts Accounts with accounts type group
2025-07-21 TM01 officers Termination director company with name termination date PDF
2025-07-02 TM01 officers Termination director company with name termination date PDF
2025-03-05 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-10-22 AP01 officers Appoint person director company with name date PDF
2024-09-09 AA accounts Accounts with accounts type group
2024-07-15 TM01 officers Termination director company with name termination date PDF
2024-03-12 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-08-17 CH01 officers Change person director company with change date PDF
2023-07-31 AA accounts Accounts with accounts type group
2023-07-25 TM01 officers Termination director company with name termination date PDF
2023-03-14 AP01 officers Appoint person director company with name date PDF
2023-03-09 CS01 confirmation-statement Confirmation statement with no updates PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
10

last 12 months

Capital events
0

last 24 months

Officers appointed
4

last 12 months

Officers resigned
4

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

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

Official Companies House page