PIRAMAL HEALTHCARE UK LIMITED

1. PIRAMAL HEALTHCARE UK LIMITED 2008-11-28 → present
2. NPIL PHARMACEUTICALS (UK) LIMITED 2005-12-05 → 2008-11-28
3. AVECIA PHARMACEUTICALS LIMITED 2005-04-19 → 2005-12-05
4. AVECIA (HUDDERSFIELD) LIMITED 2005-02-21 → 2005-04-19

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

FRS 102

Reporting scope

Standalone (parent only)

Auditor

KNAV Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Despite the company presenting net current liabilities of £33.7m. (2023: £6.9m) and experiencing a total comprehensive, loss for the last two years, the directors consider that the company will be able to meet its liabilities as they fall due for at least the next 12 months from the approval of the financial statements.. This confidence is based not only on the funds expected to be generated from the company's operations and the availability of non-group financing facilities but also due to the integral role the company plays within the group. The ultimate parent company has provided a confirmation that it will continue to support the company in meeting its liabilities and obligations for a period of no less than 12 months from the date of signing the finaricial statements. Whilst this does not constitute a formal guarantee, the probability of support not to continue is considered to be remote. Consequently, the financial statements have been prepared on a going concern basis, reflecting the directors' view of the company's ongoing viability with the backing of the ultimate parent.”

Group structure

1. PIRAMAL HEALTHCARE UK LIMITED · parent
   1. Piramal Healthcare Pension Trustees Limited 100% · England, UK · dormant company

Significant events

• “Turnover was up 6% from £87.8m to £93.3m compared to 2023, driven by the growth of the ADC business at Grangemouth following the opening of the new ADC manufacturing plant in Q1 2024, aligned to the global growth of the ADC sector. Both sites had operational challenges during 2024 due to a combination of supply chain and material availability challenges, equipment breakdowns and inefficiencies in production. As a result there was a backlog of orders at the end of the period that the business was not able to execute, resulting in a mismatch between operating costs and revenues culminating in an EBITDA loss of £9.5m. Headcount grew by 34 during the year, as Grangemouth opened up for the new ADC plant.”
• “External debt (Bank Loans, Bank Overdrafts and Invoice Financing Facilities less Cash at Bank) decreased from £26.3m.in: 2023 to £22.1m in 2024, but intercompany borrowings from the Piramal group increased by £30m to fund working capital, capital expenditure and operating costs in light of the challenges noted above.”

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

Filings

7

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

  +6.2%

  £87,812,080 → £93,271,417

• Cash

  +303.7%

  £105,663 → £426,526

• Net assets

  -42%

  £59,725,774 → £34,661,741

• Employees

  +9.2%

  638 → 697

• Operating profit

  -605.2%

  -£2,954,544 → -£20,835,052

• Profit before tax

  -513.4%

  -£4,073,763 → -£24,987,181

• Wages

  +17.6%

  £29,103,833 → £34,231,296

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