THE FRANCIS CRICK INSTITUTE LIMITED

1. THE FRANCIS CRICK INSTITUTE LIMITED 2012-07-04 → present
2. UKCMRI LIMITED 2009-04-23 → 2012-07-04

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

Consolidated group

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The charity's ongoing operational mission is funded via grants from both shareholders and external grant providers, which it seeks to supplement with income from investments, philanthropy and commercial endeavours. Following the successful outcome of the quinquennial review concluded in 2022, the Crick continues to benefit from the seven-year funding package provided by its core funders, the £142.7m provided in 2024/25 accounting for over 58% of the charity's income. This provides a strong financial foundation for the charity. Recent years have seen a continued diversification of the Crick's income that is expected to be sustained in the near-term. While the growth in restricted grant income is expected to slow down as the portfolio reaches a steady state, there remains considerable scope to grow philanthropy and commercial income. We continue to work closely with colleagues at CRUK in the development and implementation of our fundraising strategy, while 2024/25 saw the development and letting of the 8th floor, and the creation of Crick Skyline Ltd which will work with commercial partners to take forward real estate development opportunities within the King's Cross area. The trustees consider that the charity has adequate resources to continue in operational existence for the foreseeable future. They have reached this position after having made appropriate enquiries including the review of cash flow forecasts covering the 12-month period subsequent to the date of signature of these accounts and having confirmed support from the shareholders. The trustees additionally consider that the charity will continue to have adequate resources through shareholders' committed funding to cover all existing capital commitments arising from their obligations. Accordingly, the trustees have concluded that there are no material uncertainties relating to going concern and continue to adopt the going concern basis in preparing these financial statements.”

Group structure

1. THE FRANCIS CRICK INSTITUTE LIMITED · parent
   1. Crick Skyline Limited 100% · England · to support the development of the life-science ecosystem
   2. Francis Crick Trading Limited 100% · England · to carry out various trading activities
   3. UKCMRI Construction Limited 100% · England · provided design and construction services

Significant events

• “Appointment of Professor Edith Heard to succeed Paul Nurse as Director and CEO of the Institute in September 2025.”
• “Sir Demis Hassabis, until recently a member of the Crick Scientific Advisory Board, for winning the 2024 Nobel Prize in Chemistry.”
• “The Crick's portfolio of 13 spin-out companies continues to mature, and has collectively created more than 500 jobs and raised more than £1bn in investment.”
• “Applications for our doctoral clinical fellow programme rose by an impressive 173%, reflecting growing awareness and interest.”
• “Summer 2024 saw the completion of Skylab, a brand new laboratory space in the Crick's roof space, which is currently occupied by researchers from industry.”
• “KQ Labs accelerator has now built an alumni network of 60 companies, who have collectively raised over £219m of funding since completing the programme (as at 9th April 2025).”
• “During the year the Crick invested £1,939k into Enara Bio and received 5,239,442 series B-1 preference shares.”

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

0

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

  +85.2%

  £8,390,000 → £15,538,000

• Cash

  +141.5%

  £11,092,000 → £26,786,000

• Net assets

  -1.5%

  £565,871,000 → £557,236,000

• Employees

  +4.1%

  1,593 → 1,659

• Operating profit

  -164.1%

  -£4,591,000 → -£12,125,000

• Profit before tax

  -330%

  -£2,008,000 → -£8,635,000

• Wages

  +11.9%

  £78,061,000 → £87,379,000

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