THE FOUNDATION FOR LIVER RESEARCH

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

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Caton Fry & Co Ltd

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Foundation's financial position at the balance sheet date is sufficient to meet ongoing expenditure and existing plans and commitments. Accordingly, the financial statements are presented on a going concern basis.”

Group structure

1. THE FOUNDATION FOR LIVER RESEARCH · parent
   1. Liver Research and Development Limited · England and Wales · medical research into various causes of liver damage with a view to finding possible commercial collaborations.

Significant events

• “Professor Philip Newsome (appointed 3 June 2024) and Mr James Poynton (appointed 20 Feb 2024) were appointed. Professor Shilpa Chokshi (resigned 10 October 2024) and Miss Natalie Day (resigned 20 March 2024) left the key management team.”
• “In November 2022, the Trustees of the Foundation signed a partnership agreement with King's College London (KCL), committing to strengthen cooperation and to the appointment of a new jointly funded Director of the Institute, 100% employed by KCL.”
• “Professor Roger Williams CBE, founder and Director of the Foundation for Liver Research and the Institute of Hepatology, died in July 2020 and, in his honour, the Institute was subsequently renamed The Roger Williams Institute of Hepatology.”
• “The Trustees made the decision to revalue the Institute's premises at their meeting on 16th June 2021, on the recommendation of Mr Simon Wainwright, our Trustee with property expertise.”
• “The Trustees agreed to commence recruitment of additional trustees to develop a balance of skills across the Board. This commenced in June 2024 with an advert being placed for a treasurer-trustee.”
• “Natalie Day, the former long serving CEO of the Institute retired in March 2024.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  +10.5%

  £3,015,792 → £3,333,944

• Cash

  +24.6%

  £3,753,288 → £4,677,375

• Net assets

  -1.9%

  £50,860,985 → £49,879,212

• Employees

  +17.4%

  23 → 27

• Operating profit

  +19%

  -£234,028 → -£189,551

• Profit before tax

  +19%

  -£234,028 → -£189,551

• Wages

  +13.9%

  £1,339,433 → £1,526,189

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