LUDWIG INSTITUTE FOR CANCER RESEARCH LTD
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Cash
£12M
+1.5% vs 2023
Net assets
£1B
+7.2% vs 2023
Employees
—
Average over period
Profit before tax
£98M
+64.6% vs 2023
Name history
Renamed 1 time since incorporation
- LUDWIG INSTITUTE FOR CANCER RESEARCH LTD 2008-07-31 → present
- LUDWIG INSTITUTE FOR CANCER RESEARCH 1971-11-10 → 2008-07-31
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £1,928,958 | £1,451,202 | |
| Operating profit | -£58,520,818 | -£50,873,842 | |
| Profit before tax | £59,542,132 | £98,011,259 | |
| Net profit | £59,372,556 | £96,903,523 | |
| Cash | £11,663,748 | £11,838,030 | |
| Total assets less current liabilities | £1,354,090,087 | £1,448,983,695 | |
| Net assets | £1,347,391,255 | £1,444,304,881 | |
| Equity | £1,347,391,255 | £1,444,304,881 | |
| Average employees | — | — | |
| Wages | £17,086,875 | £9,818,938 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -3033.8% | -3505.6% | |
| Net margin | 3078.0% | 6677.5% | |
| Return on capital employed | -4.3% | -3.5% | |
| Gearing (liabilities / total assets) | 1.3% | 1.0% | |
| Current ratio | 87.29x | 106.44x | |
| Interest cover | -171113.50x | -343742.18x |
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.
Audit & accounting basis
- Accounting basis
- Swiss GAAP FER
- Reporting scope
- Consolidated group
- Auditor
- KPMG AG
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Institute's Board of Directors has reviewed the position considering the various on-going employment situations in the United Kingdom...the Board has concluded that there is no need to make provision for buyout-debt as at December 2024 and 2023.”
Group structure
- LUDWIG INSTITUTE FOR CANCER RESEARCH LTD · parent
- Universe Tankships, Inc. 100%
- Ludwig Technologies, Inc. 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
11 active · 21 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BORISSOV, Alexander | Secretary | 2018-12-01 | — | — |
| CHEN, Xing Ming | Director | 2024-06-25 | Oct 1970 | American |
| DANG, Chi Van, Dr | Director | 2017-06-27 | Nov 1954 | American |
| DAVIDSON, Nancy Ellen, Dr | Director | 2018-06-26 | Jan 1954 | American |
| GORDAN III, John Dozier | Director | 2003-06-25 | Sep 1945 | American |
| JOHNSON WILCKE, Alexandra Celine | Director | 2019-09-01 | Oct 1975 | Swiss |
| JONES, Barbara Sue, Judge | Director | 2016-12-01 | Dec 1947 | American |
| KILLEN, Nicolas Antoine | Director | 2023-01-01 | Dec 1964 | Swiss |
| MCDERMOTT, Edward | Director | 1995-02-22 | Dec 1948 | American |
| NOTTER, John Hans | Director | 2008-01-01 | Jan 1935 | Swiss |
| WOLCHOK, Jedd David, Dr | Director | 2023-01-01 | Jan 1965 | American |
Show 21 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MCDERMOTT, Edward | Secretary | 1988-06-29 | 1995-03-30 |
| WALKER, Richard Derek John | Secretary | 1995-03-30 | 2018-11-30 |
| BAKER, JR, Ray Palmer | Director | 1995-02-22 | 2006-06-21 |
| BERGER, Alfred | Director | 2005-04-22 | 2016-06-28 |
| BOLLENBACH, Stephen Frasier | Director | 2010-01-01 | 2016-10-08 |
| BROWNELL, Herbert | Director | 1977-11-29 | 1998-03-08 |
| BRUSCHEILER, Susanna | Director | 1999-01-01 | 2003-06-25 |
| CUENDET, Georges-Andre | Director | 1995-06-21 | 2006-06-21 |
| DUNANT, Olivier | Director | 1999-01-01 | 2022-12-31 |
| HELLMAN, Samuel, Dr | Director | 2009-01-01 | 2018-06-26 |
| KAMMERER, Adolf Eugen | Director | 1977-11-29 | 2018-10-05 |
| KERR, James R | Director | 1987-06-24 | 1995-02-08 |
| KROFF, Adalbert Richard Werner, Dr | Director | 1995-02-22 | 1998-06-30 |
| LANE, David Philip, Sir Prof | Director | 2013-06-26 | 2016-06-28 |
| LANGUETIN, Pierre | Director | 1987-06-24 | 2007-12-31 |
| OLD, Lloyd John, Dr. | Director | 1989-02-03 | 2009-06-24 |
| PHILIP, David Lane | Director | 2010-12-06 | 2012-06-12 |
| PIZZO, Phillip Anthony, Dr | Director | 2014-06-24 | 2022-09-01 |
| ROBERTS, Derek Harry | Director | 1998-12-08 | 2012-06-12 |
| ROYSTON, Jane, Prof | Director | 2003-06-25 | 2011-06-22 |
| SIMPSON, Andrew, Dr | Director | 2009-01-01 | 2013-06-25 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 178 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-08-28 OSCC01 Change constitutional documents overseas company with date
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-08-07 | AA | accounts | Accounts with accounts type group | |
| 2025-07-29 | OSCH03 | officers | Change person director overseas company with change date | |
| 2025-07-08 | OSCH03 | officers | Change person director overseas company with change date | |
| 2025-07-08 | OSCH03 | officers | Change person director overseas company with change date | |
| 2025-07-08 | OSCH05 | officers | Change person secretary overseas company with change date | |
| 2025-07-08 | OSCH03 | officers | Change person director overseas company with change date | |
| 2025-07-08 | OSCH03 | officers | Change person director overseas company with change date | |
| 2025-07-08 | OSCH03 | officers | Change person director overseas company with change date | |
| 2025-07-08 | OSCH03 | officers | Change person director overseas company with change date | |
| 2025-07-08 | OSCH03 | officers | Change person director overseas company with change date | |
| 2025-07-07 | OSCH03 | officers | Change person director overseas company with change date | |
| 2025-07-07 | OSCH03 | officers | Change person director overseas company with change date | |
| 2024-10-01 | AA | accounts | Accounts with accounts type group | |
| 2024-08-28 | OSCC01 | change-of-constitution | Change constitutional documents overseas company with date | |
| 2024-07-19 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2023-07-26 | AA | accounts | Accounts with accounts type group | |
| 2023-03-23 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2023-03-23 | OSAP01 | officers | Appoint person director overseas company with name appointment date | |
| 2023-02-28 | OSTM01 | officers | Termination person director overseas company with name termination date | |
| 2023-02-27 | OSTM01 | officers | Termination person director overseas company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-24.8%
£1,928,958 £1,451,202
-
Cash
+1.5%
£11,663,748 £11,838,030
-
Net assets
+7.2%
£1,347,391,255 £1,444,304,881
-
Employees
—
Not reported
-
Operating profit
+13.1%
-£58,520,818 -£50,873,842
-
Profit before tax
+64.6%
£59,542,132 £98,011,259
-
Wages
-42.5%
£17,086,875 £9,818,938
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