DIAGNOSTICS FOR THE REAL WORLD (EUROPE) LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

Peters Elworthy & Moore

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have prepared the financial statements on a going concern basis which assumes that the Company will be able to continue in operational existence for the foreseeable future, being a period of not less than 12 months from the date of approval of the financial statements. The ultimate parent undertaking, Diagnostics for the Real World Limited, has provided written confirmation that it will provide the necessary financial support to allow the Company to continue in operational existence and enable it to meet its liabilities for a period of not less than 12 months from the date of approval of these financial statements. In auditing the financial statements, we have concluded that the Director's 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.”

Significant events

• “The Company saw turnover increase in the year to £14m (2023 – £6.4m) and loss before tax of £0.4m (2023 – loss before tax of £8.8m). This reflected the end of the Phase 3 contract with the UK Health Security Agency (previously the DHSC) in March 2024 which resulted in the recognition in full of £14m of deferred revenue associated with the minimum agreed order size under this contract. As agreed under the terms of this contract, DRW delivered to hospitals all tests called down by customers and subsequently recycled or disposed of all raw materials and finished goods associated with any remaining tests which were not called down.”

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

Filings

6

last 12 months

Capital events

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +118%

  £6,403,755 → £13,957,724

• Cash

  -98.6%

  £3,435,842 → £46,494

• Net assets

  -31.9%

  £8,025,376 → £5,462,702

• Employees

  -38.5%

  26 → 16

• Operating profit

  +95%

  -£9,073,431 → -£453,830

• Profit before tax

  +95.7%

  -£8,825,758 → -£382,134

• Wages

  -25.9%

  £967,897 → £717,496

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