VERITON PHARMA LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. VERITON PHARMA LIMITED 2017-09-29 → present
2. SPECIAL PRODUCTS LIMITED 1997-01-21 → 2017-09-29

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

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.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Kreston Reeves Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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 Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. VERITON PHARMA LIMITED · parent
   1. Special Products Limited 100% · England · Dormant
   2. Veriton Pharma FZ LLC 80% · UAE · Sales office
   3. Veriton Pharma Pty Limited 100% · NSW · Dormant

Significant events

• “Revenues declined from £21,520,000 to £19,670,000 primarily due to supply challenges arising from the collapse into liquidation of one of the Company's suppliers, resulting in reduced sales of certain products in the portfolio while a new supplier was secured.”
• “During the year the US Dollar weakened significantly, having a negative impact on the Group's result due to its sales in that currency exceeding its costs.”
• “During the year, Special Products Limited entered into liquidation.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -8.6%

  £21,520,000 → £19,670,000

• Cash

  +45.3%

  £7,888,000 → £11,462,000

• Net assets

  +11.8%

  £11,236,000 → £12,562,000

• Employees

  0%

  26 → 26

• Operating profit

  -15.1%

  £7,440,000 → £6,316,000

• Profit before tax

  -16.7%

  £7,476,000 → £6,224,000

• Wages

  -5.9%

  £1,812,000 → £1,705,000

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