COMPASS PATHFINDER LIMITED

1. COMPASS PATHFINDER LIMITED 2020-08-10 → present
2. COMPASS PATHWAYS LIMITED 2017-03-27 → 2020-08-10
3. COMPASS PATHWAYS TECHNOLOGIES LIMITED 2016-06-13 → 2017-03-27

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 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company has incurred a loss for the year after tax of £119.3 million and continued to incur losses after the balance sheet date. As of 31 December 2024, the Company was in a net assets position of £23.7 million, with net current liabilities of £8.9 million and a cash balance of £9.8 million. The Ultimate Parent company, Compass Pathways plc, has incurred a loss for the year after tax of $154.4 million with a consolidated cash balance of $165.1 million as of 31 December 2024. The existing cash and cash equivalents, together with the net proceeds raised to date during 2025, of $140.4 million, are expected to be sufficient to fund operations and capital expenditure requirements at least through the planned 26-week data read-out from our COMP006 study, which is expected in the second half of 2026. Given that the parent company has confirmed that it will continue to provide support to the company as required for at least 12 month's from approval of the accounts, the Directors are satisfied that the going concern basis is appropriate for the preparation of the financial statements.”

Group structure

1. COMPASS PATHFINDER LIMITED · parent
   1. Compass Pathways Inc. 100% · US · Staffing and General Administrative

Significant events

• “In the fourth quarter, the Ultimate Parent Company made the difficult to decision to implement a strategic reorganisation as a result of changing timelines and expected additional costs to complete our phase 3 trials. To further focus the organisation and its capital resources on successfully delivering our COMP360 pivotal programme, the Ultimate Parent Company made the decision to stop our non-COMP360 preclinical activities, to explore a potential externalisation for our digital health tools and related employees and intellectual property and to reduce the Group, and as a result, the Company's workforce by approximately 30%, including eliminating some senior management positions.”
• “On 31 December 2024, the company decided to make the Chief Legal Officer redundant as part of an organisational restructuring. The termination date is 30 September 2025 but under the redundancy agreement the following will be received at 31 December 2024: a salary through to the termination date of £314,691, a compensation payment for termination of the employment of £30,000 and a statutory redundancy payment of £3,150.”

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

Filings

5

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

  —

  Not reported

• Cash

  +76.4%

  £5,536,000 → £9,763,000

• Net assets

  -43.8%

  £42,216,000 → £23,732,000

• Employees

  -1.6%

  126 → 124

• Operating profit

  -34.9%

  -£100,746,000 → -£135,897,000

• Profit before tax

  -34.9%

  -£100,746,000 → -£135,897,000

• Wages

  +12.5%

  £10,848,000 → £12,199,000

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