LIFE SCIENCES HUB WALES LIMITED

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Adrian Crompton, Auditor General for Wales

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, I have concluded that the use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work I have performed, I have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the body's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “The Procurement Act 2023 came into force on 24 February 2025. A revised LSHW Procurement Policy was developed, supported by updated procurement processes to reflect the reforms.”
• “In July 2024 LSHW received a request for Evidence from the independent UK Covid-19 Public Inquiry. The request for evidence was in relation to Module 5 - Procurement - which examined the public procurement of key equipment and supplies across the UK public sector in relation to the Covid-19 pandemic and the onwards distribution of key equipment and supplies. The final witness statement and supporting evidence was produced and submitted to the Inquiry on 12 December 2024.”

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

  +13%

  £3,834,453 → £4,332,569

• Cash

  -1.6%

  £1,001,512 → £985,596

• Net assets

  0%

  £12,259 → £12,259

• Employees

  —

  Not reported

• Operating profit

  +386%

  £6,122 → £29,754

• Wages

  +5.9%

  £1,865,020 → £1,974,594

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