GLAXOSMITHKLINE EXPORT LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-14 (in 3mo)
Last made up 2025-07-31
Watchouts
None on the register
Cash
£78M
-4.5% vs 2023
Net assets
£261M
+4.6% vs 2023
Employees
35
-84.6% vs 2023
Profit before tax
£15M
-37.1% vs 2023
Name history
Renamed 3 times since incorporation
- GLAXOSMITHKLINE EXPORT LIMITED 2001-12-20 → present
- GLAXO WELLCOME EXPORT LIMITED 1995-07-01 → 2001-12-20
- GLAXO EXPORT LIMITED 1989-12-01 → 1995-07-01
- STRONGHOT LIMITED 1989-10-18 → 1989-12-01
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £641,724,000 | £628,058,000 | |
| Operating profit | £23,131,000 | £15,656,000 | |
| Profit before tax | £23,130,000 | £14,543,000 | |
| Net profit | £14,156,000 | £11,550,000 | |
| Cash | £81,372,000 | £77,727,000 | |
| Total assets less current liabilities | £258,048,000 | £261,793,000 | |
| Net assets | £249,443,000 | £260,993,000 | |
| Equity | £249,443,000 | £260,993,000 | |
| Average employees | 228 | 35 | |
| Wages | £29,523,000 | £3,411,000 |
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 | 3.6% | 2.5% | |
| Net margin | 2.2% | 1.8% | |
| Return on capital employed | 9.0% | 6.0% | |
| Gearing (liabilities / total assets) | 25.1% | 23.3% | |
| Current ratio | 5.66x | 4.99x | |
| Interest cover | 300.40x | 14.00x |
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
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On the basis of those considerations, the Directors believe that it remains appropriate to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “The Company's offices in the Middle East were transferred to a new legal entity in the Group as part of a strategic decision of the Group.”
- “The amounts disclosed as discontinued operations in 2023 relate to the transfer of the Company's operations in the Middle East market to another Group entity.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| EDINBURGH PHARMACEUTICAL INDUSTRIES LIMITED | Corporate Secretary | 2006-09-04 | — | — |
| BRINGLOE, James, Dr | Director | 2025-11-01 | Nov 1974 | British |
| COLLIER, Andrew James | Director | 2025-01-01 | Sep 1966 | British |
| LUND, Simon David | Director | 2026-05-01 | Mar 1971 | British |
| LYNCH, Aidan | Director | 2019-03-26 | Feb 1964 | Irish |
| TOCZYSKI, Jerzy Radomir | Director | 2021-03-02 | Nov 1964 | Polish |
| GLAXO GROUP LIMITED | Corporate Director | 2021-03-08 | — | — |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BICKNELL, Simon Michael | Secretary | 1998-04-08 | 1998-11-19 |
| BOLTON, Jonathan Mark | Secretary | — | 1998-04-08 |
| STEPHENS, Richard James | Secretary | 2003-11-10 | 2007-03-05 |
| WHYTE, Victoria Anne | Secretary | 1998-11-19 | 2018-07-31 |
| ADAMS, Wendy | Director | 2021-03-08 | 2024-12-31 |
| ANSELL, Patrick | Director | 2005-08-01 | 2006-08-04 |
| BLACKBURN, Paul Frederick | Director | 2001-02-23 | 2016-03-01 |
| BURNS, Alan George | Director | 2012-12-03 | 2019-02-25 |
| COOMBE, John David | Director | — | 2005-03-31 |
| DAVIES, Derek | Director | 2010-09-07 | 2012-12-14 |
| DINGEMANS, Simon Paul | Director | 2011-04-01 | 2017-07-25 |
| DUBIANSKIJ, Oleg | Director | 2017-01-31 | 2018-09-01 |
| GRIST, Ashley Alexander | Director | 2006-10-02 | 2010-10-20 |
| HESLOP, Julian Spenser | Director | 2005-04-01 | 2011-03-31 |
| HESLOP, Julian Spenser | Director | 1998-07-30 | 2001-02-23 |
| HIGNETT, John Mulock | Director | — | 1993-05-20 |
| HUNTER, Emma | Director | 2025-03-27 | 2025-09-01 |
| HYDE, Jonathan Laurence Patrick | Director | — | 1992-11-03 |
| JACKSON, Dylan | Director | 2018-02-22 | 2023-05-01 |
| MEHEW, Anthony John | Director | 1992-11-05 | 1998-07-30 |
| PATTESON-BRENT, Erika | Director | 2023-05-01 | 2025-03-27 |
| REILLY, Michael Sean | Director | 2023-04-19 | 2025-11-01 |
| WALKER, Adam | Director | 2015-07-29 | 2020-03-02 |
| WHITMORE, Jane Mary | Director | 2018-10-08 | 2023-05-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Glaxo Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 178 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-07 | AA | accounts | Accounts with accounts type full | |
| 2025-04-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-14 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-07 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-02 | AD04 | address | Move registers to registered office company with new address | |
| 2024-09-24 | AD03 | address | Move registers to sail company with new address | |
| 2024-09-17 | CH01 | officers | Change person director company with change date | |
| 2024-09-17 | CH01 | officers | Change person director company with change date | |
| 2024-09-17 | CH01 | officers | Change person director company with change date | |
| 2024-09-17 | CH01 | officers | Change person director company with change date | |
| 2024-09-17 | CH01 | officers | Change person director company with change date | |
| 2024-09-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-09-11 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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
-2.1%
£641,724,000 £628,058,000
-
Cash
-4.5%
£81,372,000 £77,727,000
-
Net assets
+4.6%
£249,443,000 £260,993,000
-
Employees
-84.6%
228 35
-
Operating profit
-32.3%
£23,131,000 £15,656,000
-
Profit before tax
-37.1%
£23,130,000 £14,543,000
-
Wages
-88.4%
£29,523,000 £3,411,000
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