PFIZER DEVELOPMENT SERVICES (UK) LIMITED

• ⚠

  Material uncertainty over going concern

  As a result, the directors have prepared the financial statements on a basis other than going concern. No adjustments were necessary to the amounts at which the assets and liabilities are included in these financial statements.

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

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As a result, the directors have prepared the financial statements on a basis other than going concern. No adjustments were necessary to the amounts at which the assets and liabilities are included in these financial statements.”

Significant events

• “The decrease in revenue was as a result of generic competition entering the market following the High Court judgement on the Eliquis patent.”
• “Bristol-Myers Squibb (BMS), the company's co-promotion partner for Eliquis, was subject to litigation related to the validity of the Eliquis compound patent and its supplementary protection certificate (SPC). In 2022, the U.K. High Court issued a judgement finding invalid the patent and its SPC due to expire in 2026. In October 2023, the Supreme Court refused permission to appeal, and the invalidity judgement was final.”

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

Filings

2

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

  -99%

  £44,786,000 → £459,000

• Cash

  —

  Not reported

• Net assets

  -37%

  £265,052,000 → £167,094,000

• Employees

  —

  Not reported

• Operating profit

  -99.6%

  £39,249,000 → £153,000

• Profit before tax

  -71.9%

  £52,341,000 → £14,722,000

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