P2U HOLDINGS LIMITED

1. P2U HOLDINGS LIMITED 2018-04-03 → present
2. GSHPE BIDCO LIMITED 2018-03-02 → 2018-04-03

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

Consolidated group

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have performed a review of the Group's financial projections and cash flows, considering macro-economic factors such as inflation and interest rates together with the wider going concern status of the Group. The Group has traded strongly since the year-end and maintained a high growth rate. Operational performance and customer service levels have also remained very strong throughout this period. The directors have considered all possible outcomes of this review in the going concern assessment, including a range of downside scenarios for a period of at least 12 months from the date of approval of these financial statements and conclude that the business would remain a going concern with sufficient funds in all possible scenarios.”

Group structure

1. P2U HOLDINGS LIMITED · parent
   1. Pharmacy2U Limited 1% · Online pharmacy
   2. Expert Health Limited 1% · Online doctor services
   3. Medicines Management Solutions Limited 1% · Pharmacist services
   4. Algorithmic Health Ireland Limited 1% · Online doctor services
   5. ChemD Holdings Limited 1% · Holding company
   6. Metabolic Healthcare Limited* 1% · Dormant
   7. LPOD RX Limited 1% · Dormant
   8. Direct Healthcare Limited 1% · Dormant
   9. Private Meds Limited 1% · Dormant
   10. Prescriptions Online Limited 1% · Dormant
   11. Chem D Limited 1% · Dormant
   12. UK Pharmaceuticals Limited 1% · Dormant
   13. The PharmPet Co Limited 1% · Dormant

Significant events

• “On 5 October 2023 the Company acquired Metabolic Healthcare Limited, which traded as LloydsDirect. The acquisition united two of the UK's most trusted and experienced online pharmacies. The integration of Pharmacy2U and Lloyds Direct was completed before year-end which delivered targeted synergies and contributed to the improved financial performance in the year.”
• “On 26 April 2024 the Group acquired The PharmPet Co Limited. The acquisition brought the provision of pet prescriptions and online retail of non-prescription pet healthcare into the Group.”
• “On 22 October 2024 Medicines Management Solutions Limited was acquired. This business provides Pharmacist services to GPs and is closely aligned with the long-term NHS strategy to reduce pressure on GPs.”
• “On 25 February 2025 the Group acquired Expert Health Limited, which trades as Lloyds Pharmacy Online Doctor. This acquisition has accelerated growth in this rapidly expanding online doctor market and has resulted in targeted synergies being realised shortly after year-end.”

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

1

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

  +50.7%

  £258,656,000 → £389,711,000

• Cash

  +107.6%

  £2,695,000 → £5,596,000

• Net assets

  -14.3%

  £76,998,000 → £66,015,000

• Employees

  +82.9%

  630 → 1,152

• Operating profit

  +78.4%

  -£8,149,000 → -£1,760,000

• Profit before tax

  +1.8%

  -£13,570,000 → -£13,325,000

• Wages

  +32.1%

  £20,755,000 → £27,424,000

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