BIOPHORUM OPERATIONS GROUP LTD

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

Grant Thornton UK LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company's services are provided through annual membership arrangements with large companies operating in the biopharmaceutical industry. Payment terms for membership fees with the majority of members are annually in advance of renewal periods. As a result, the Company is highly cash generative and at 31 December 2024 cash balances were £5.0m. Management have prepared group financial forecasts for a period covering at least 12 months from the date of signature of these financial statements. In preparing the forecasts, management have considered historical membership attrition rates, projections of future membership fee increases, and the future expected growth rates of the Company. A sensitised version of the forecasts was also prepared, which considered a set of revenue downside scenarios, to demonstrate the impact on cash and lending covenant headroom. As the Company is the main trading entity within the Agora Topco group, consideration has also been given to the capacity of the group to meet the interest payments due on its third-party term loan and its ability to adhere to the lending covenant. The directors have received confirmation from the Group that it will provide ongoing financial support for a period of no less than 12 months from the date of signing of the financial statements in order for the Company to meet its liabilities as they fall due. Accordingly, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and have concluded that it is appropriate to prepare these financial statements on the going concern basis.”

Significant events

• “The Company has guaranteed bank loans of a parent company, Agora Bidco Ltd, amounting to £31.6m. The guarantee is secured by a charge on the Company's assets.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  +1.1%

  £15,634,408 → £15,811,773

• Cash

  -5.8%

  £5,361,916 → £5,048,265

• Net assets

  +27.3%

  £10,537,666 → £13,411,206

• Employees

  +6%

  84 → 89

• Operating profit

  -8.8%

  £4,350,218 → £3,968,145

• Profit before tax

  -9.9%

  £4,409,820 → £3,974,661

• Wages

  +15.2%

  £5,916,676 → £6,816,853

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