MAYO CLINIC HEALTHCARE LLP
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-27 (in 4mo)
Last made up 2025-09-13
Watchouts
None on the register
Cash
£990K
-89.8% vs 2023
Net assets
-£27M
-40.9% vs 2023
Employees
57
+11.8% vs 2023
Profit before tax
-£10M
-21.7% vs 2023
Name history
Renamed 3 times since incorporation
- MAYO CLINIC HEALTHCARE LLP 2020-05-13 → present
- MAYO CLINIC LONDON LLP 2020-04-22 → 2020-05-13
- MAYO CLINIC HEALTHCARE IN PARTNERSHIP WITH OXFORD UNIVERSITY CLINIC LLP 2018-03-20 → 2020-04-22
- OM TOWER LLP 2017-09-14 → 2018-03-20
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 | £6,168,053 | £6,655,230 | |
| Operating profit | -£6,538,107 | -£8,357,630 | |
| Profit before tax | -£8,184,129 | -£9,959,653 | |
| Net profit | -£8,184,129 | -£9,959,653 | |
| Cash | £9,730,910 | £989,995 | |
| Total assets less current liabilities | £8,307,963 | -£474,271 | |
| Net assets | -£19,304,760 | -£27,199,413 | |
| Equity | -£69,285,946 | -£79,245,599 | |
| Average employees | 51 | 57 | |
| Wages | £3,396,511 | £3,314,647 |
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 | -106.0% | -125.6% | |
| Net margin | -132.7% | -149.7% | |
| Return on capital employed | -78.7% | 1762.2% | |
| Gearing (liabilities / total assets) | 271.9% | 1079.6% | |
| Current ratio | 8.08x | 1.97x | |
| Interest cover | -3.97x | -5.09x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Saffery LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The LLP has net current liabilities of £474,271 (2023: £8,307,963 net current assets) and generated a net loss of £9,959,653 (2023: £8,184,129) during the year. Members are confident the LLP will continue to receive support from its parent undertaking, Mayo Clinic, to cover operating losses and meet liabilities for at least 12 months.”
Significant events
- “An impairment charge of £836,510 (2023: £59,193) was recorded as an exceptional item in the statement of comprehensive income, due to the carrying amount of the business as a whole not being fully recovered.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MAYO CLINIC (UK) 2 LTD | Corporate Llp Designated Member | 2020-03-17 | — | — |
| MAYO CLINIC (UK) LTD | Corporate Llp Designated Member | 2017-09-14 | — | — |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PROJECT TOWER INVESTMENT SUB LLP | Corporate Llp Designated Member | 2017-09-14 | 2020-03-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Project Tower Investment Sub Llp | Corporate entity | voting-rights-25-to-50-percent-limited-liability-partnership, right-to-share-surplus-assets-25-to-50-percent-limited-liability-partnership | 2017-09-14 | Ceased 2020-03-17 |
| Mayo Clinic (Uk) Ltd | Corporate entity | voting-rights-75-to-100-percent-limited-liability-partnership | 2017-09-14 | Active |
Filing timeline
Last 20 of 35 total filings
Material constitutional events — rename, articles re-file, resolution
- 2020-05-13 LLNM01 Change of name notice limited liability partnership
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-22 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-11 | AA | accounts | Accounts with accounts type full | |
| 2025-05-16 | LLAD01 | address | Change registered office address limited liability partnership with date old address new address | |
| 2024-09-25 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-30 | AA | accounts | Accounts with accounts type full | |
| 2024-03-05 | AA | accounts | Accounts with accounts type full | |
| 2023-10-30 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-23 | AA | accounts | Accounts with accounts type full | |
| 2022-09-13 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-08 | AA | accounts | Accounts with accounts type full | |
| 2021-09-14 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-03-17 | ANNOTATION | miscellaneous | Legacy | |
| 2021-03-17 | ANNOTATION | miscellaneous | Legacy | |
| 2021-03-17 | ANNOTATION | miscellaneous | Legacy | |
| 2021-03-17 | ANNOTATION | miscellaneous | Legacy | |
| 2021-03-17 | ANNOTATION | miscellaneous | Legacy | |
| 2021-03-17 | ANNOTATION | miscellaneous | Legacy | |
| 2021-03-16 | AA | accounts | Accounts with accounts type full | |
| 2020-10-23 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-05-13 | LLNM01 | change-of-name | Change of name notice limited liability partnership |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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
+7.9%
£6,168,053 £6,655,230
-
Cash
-89.8%
£9,730,910 £989,995
-
Net assets
-40.9%
-£19,304,760 -£27,199,413
-
Employees
+11.8%
51 57
-
Operating profit
-27.8%
-£6,538,107 -£8,357,630
-
Profit before tax
-21.7%
-£8,184,129 -£9,959,653
-
Wages
-2.4%
£3,396,511 £3,314,647
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