SERUM LIFE SCIENCES LTD

1. SERUM LIFE SCIENCES LTD 2020-10-14 → present
2. COVICURE HOLDINGS LTD 2020-09-30 → 2020-10-14

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

KNAV Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

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

Group structure

1. SERUM LIFE SCIENCES LTD · parent
   1. Diamond Worldwide Finance Ltd 100% · British Virgin Islands · Property and related services company

Significant events

• “2024 revenues decreased due to expected decline in Covid-19 vaccine sales post public health emergency. This was largely replaced by traditional vaccine sales.”
• “The Company's preference shares were converted to ordinary and deferred shares as part of a capital restructuring during the year.”
• “An unquoted equity investment and convertible loan notes in an unrelated third-party entity remained under administration during the year.”

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

Filings

9

last 12 months

Capital events

3

last 24 months

Officers appointed

0

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

  -5.9%

  £255,039,629 → £240,060,386

• Cash

  -54.5%

  £535,808,225 → £243,808,536

• Net assets

  -19%

  -£485,766,781 → -£578,302,813

• Employees

  +5.3%

  19 → 20

• Operating profit

  -77.9%

  £42,691,920 → £9,433,701

• Profit before tax

  -64.2%

  £71,960,630 → £25,795,454

• Wages

  -14.3%

  £6,666,710 → £5,712,185

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