MEDIDATA SOLUTIONS INTERNATIONAL LTD

• ⚠

  Material uncertainty over going concern

  All Medidata UK companies, including Medidata Solutions International Ltd, are directly and indirectly funded by an intermediate parent Company, Medidata Solutions, Inc. through intercompany arrangements which are repayable on demand. No significant cash or external borrowings are held in the UK. Due to this, the Company is reliant on support and has received a letter of support from Medidata Solutions, Inc., indicating that it will provide financial support to the Company such that the Company is able to operate as a going concern and to settle its liabilities as they fall due. This will enable the Company to continue in operational existence for the foreseeable future. The letter covers a period of at least 12 months from the date of signing these financial statements. The Directors have assessed the ability of the parent to provide support and in doing so reviewed the going concern assessment of the group.

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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“All Medidata UK companies, including Medidata Solutions International Ltd, are directly and indirectly funded by an intermediate parent Company, Medidata Solutions, Inc. through intercompany arrangements which are repayable on demand. No significant cash or external borrowings are held in the UK. Due to this, the Company is reliant on support and has received a letter of support from Medidata Solutions, Inc., indicating that it will provide financial support to the Company such that the Company is able to operate as a going concern and to settle its liabilities as they fall due. This will enable the Company to continue in operational existence for the foreseeable future. The letter covers a period of at least 12 months from the date of signing these financial statements. The Directors have assessed the ability of the parent to provide support and in doing so reviewed the going concern assessment of the group.”

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

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

  -27.5%

  £24,503,481 → £17,769,847

• Cash

  —

  Not reported

• Net assets

  -34.9%

  £1,502,740 → £978,928

• Employees

  —

  Not reported

• Operating profit

  -188.3%

  £346,182 → -£305,719

• Profit before tax

  -250.9%

  £346,182 → -£522,500

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