MOREDUN RESEARCH INSTITUTE

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 102

Reporting scope

Standalone (parent only)

Auditor

Henderson Loggie LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the trustees' (who are also the directors of the charitable company for the purpose of company law) use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”

Group structure

1. MOREDUN RESEARCH INSTITUTE · parent
   1. Anticip8 Science Limited 100% · Scotland · Dormant
   2. Evalu8 Science Limited 100% · Scotland · Dormant
   3. Gener8 Science Limited 100% · Scotland · Dormant
   4. Inocul8 Limited 100% · Scotland · Dormant
   5. Pentlands Immunologics Limited 100% · Scotland · Dormant
   6. Wormvax Limited 100% · Scotland · Wholly owned trading subsidiary
   7. Wormvax Australia Pty Ltd · Australia · manufactures and sells a vaccine, developed by Moredun Research Institute, to aid in the reduction of Haemonchus contortus egg shedding resulting in lower pasture larval contamination and reduced disease caused by Barber's Pole worms in lambs.

Significant events

• “A new £1.1 million research project is aiming to tackle Maedi-visna (MV), a serious disease affecting sheep across the UK and beyond.”
• “Moredun Research Institute has secured £1.2 million in funding to tackle a growing concern for UK sheep farmers resistance to macrocyclic lactone (ML) treatments in sheep scab mites.”
• “Scientists at the Moredun Research Institute and The Pirbright Institute have been awarded £1.7 million over three years by the Bill & Melinda Gates Foundation to develop a low-cost vaccine targeting the barber's pole worm.”
• “A project delivered by Moredun Research Institute, commissioned by Food Standards Scotland and the Scottish Government, explores the risk factors for foodborne pathogens on livestock farms and identifies potential interventions to reduce those risks.”
• “Investigating Foodborne Transmission of Toxoplasma gondii from Retail Meat in Scotland: Results revealed that T. gondii DNA was detected in 32% of venison samples, 7% of lamb samples, 5% of chicken samples, 4% of pork samples, and 0% of beef samples.”
• “On 6th September 2024, Moredun hosted a SEFARI-funded workshop focused on tackling the growing challenge of ticks and tick-borne diseases (TBDs).”

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

2

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

  +3.1%

  £14,207,411 → £14,654,149

• Cash

  -4%

  £11,407,427 → £10,950,886

• Net assets

  +3.4%

  £15,871,532 → £16,417,465

• Employees

  +2%

  98 → 100

• Operating profit

  -112.8%

  -£344,310 → -£732,702

• Profit before tax

  -73.1%

  £2,026,850 → £545,933

• Wages

  +10%

  £4,328,213 → £4,758,999

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