THE MOREDUN FOUNDATION
Get an alert when THE MOREDUN FOUNDATION files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-04-09 (in 11mo)
Last made up 2026-03-26
Watchouts
Cash
£19M
-3.8% vs 2024
Net assets
£44M
+1.4% vs 2024
Employees
197
0% vs 2024
Profit before tax
-£187K
-133.2% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Consumer Staples median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £8,554,309 | £8,297,827 | |
| Operating profit | £180,372 | -£604,714 | |
| Profit before tax | £564,306 | -£187,441 | |
| Net profit | £371,561 | -£271,541 | |
| Cash | £19,370,935 | £18,641,910 | |
| Total assets less current liabilities | £43,850,663 | £44,470,707 | |
| Net assets | £43,850,663 | £44,470,707 | |
| Equity | £43,850,663 | £44,470,707 | |
| Average employees | 197 | 197 | |
| Wages | £7,109,304 | £7,659,347 |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 2.1% | -7.3% | |
| Net margin | 4.3% | -3.3% | |
| Return on capital employed | 0.4% | -1.4% | |
| Gearing (liabilities / total assets) | 9.8% | 9.8% | |
| Current ratio | 5.10x | 4.98x | |
| Interest cover | 1279.23x | — |
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
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Henderson Loggie LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making reasonable enquiries the board are satisfied that the charity has adequate unrestricted resources, of which a high percentage is held in cash, to continue its objectives for the foreseeable future. The company continues to adopt the going concern basis in preparing these financial statements.”
Group structure
- THE MOREDUN FOUNDATION · parent
- Moredun Research Institute 100%
- Moredun Scientific Limited 100%
- Pentlands Science Park Limited 100%
- Moredun Animal Health Limited 100%
- Pentland Holdings Limited 100%
- Edinburgh Bio-parks Limited 100%
- Inocul8 Limited 100%
- Pentlands Immunologics Limited 100%
- Wormvax Limited 100%
- Evalu8 Science Limited 100%
- Gener8 Science Limited 100%
- Anticip8 Science Limited 100%
- Wormvax Australia Pty Ltd 100%
- Genomia Management Limited 25%
Significant events
- “The board were saddened to learn of the death of Dr Simon Doherty in December 2024.”
- “Our Group Finance Director and Company Secretary, Mr Colin Burnett, retired on 27 June 2025. Mr Burnett had been in post since June 2000 and the board thank him for all his contributions to Moredun. The board were pleased to appoint his successor, Ms Rosie Shankey.”
- “Genomia Management Limited, a jointly controlled entity, ceased trading on 6 December 2024 and was subsequently dissolved on 3 June 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
17 active · 60 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SHANKEY, Rosemary Eva | Secretary | 2025-06-27 | — | — |
| ACTON, Tabitha | Director | 2024-12-05 | Jul 1991 | British |
| ANGELL, Joseph William | Director | 2021-09-02 | May 1984 | British |
| BAIRD, Gareth Thomas Gilroy | Director | 2014-09-04 | May 1957 | British |
| BROWN, Scott Alexander | Director | 2022-09-08 | Jun 1969 | British |
| CAMERON, Ewan Robert, Professor | Director | 2023-09-07 | Mar 1961 | British |
| GRAY, William Gerald | Director | 2023-09-07 | Sep 1959 | British,Irish |
| JEFFRIES, Peter John, Doctor | Director | 2025-09-04 | Sep 1956 | British |
| KYLE, William Oswald | Director | 2024-12-05 | Sep 1963 | British |
| LOGAN, Anne | Director | 2020-03-05 | Jun 1954 | British |
| MURPHY, Alan Mark | Director | 2022-12-08 | Sep 1967 | British |
| ROWELL, Katherine Ann | Director | 2025-12-04 | Jun 1972 | Scottish |
| RUSSELL, Alastair Muir, Sir | Director | 2020-09-03 | Jan 1949 | British |
| SCOTT, William John Graham | Director | 2022-09-08 | Jun 1951 | British |
| SCOTT AITON, Peter Robert | Director | 2021-01-01 | Feb 1985 | British |
| TWEED, Campbell Wilson | Director | 2025-06-12 | Apr 1955 | British |
| YEOMANS, John | Director | 2021-09-02 | Jun 1962 | British |
Show 60 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BURNETT, Colin Neil | Secretary | 2000-12-13 | 2025-06-27 |
| MACKENZIE, Murdo John | Secretary | 1995-06-29 | 2000-12-13 |
| ADAM, Kay Jean Anne | Director | 2018-12-06 | 2022-09-08 |
| ARMOUR, James | Director | 1998-11-05 | 2004-09-09 |
| BEBBINGTON, Timothy John | Director | 2005-09-08 | 2011-09-08 |
| BIGGAR, Donald James | Director | 1994-09-28 | 2005-02-27 |
| BIGGAR, Walter Andrew | Director | 1994-06-30 | 1998-08-20 |
| BODEN, Lisa Anne, Professor | Director | 2016-12-08 | 2023-06-15 |
| BRAMLEY, Paul Scotson, Dr | Director | 2001-09-27 | 2009-09-10 |
| BROOKE, Alexander Keith | Director | 1994-09-28 | 1996-11-05 |
| CAMPBELL, John Park | Director | 2013-09-05 | 2020-03-31 |
| CAMPBELL, Joseph | Director | 1994-06-30 | 2002-09-05 |
| CHARNLEY, Judith Gwendolene | Director | 2002-12-05 | 2006-09-07 |
| COLSTON, Matthew William | Director | 2006-09-07 | 2015-09-03 |
| DOHERTY, Simon, Dr | Director | 2023-09-07 | 2024-12-17 |
| DUNCAN MILLAR, Ian | Director | 2012-06-14 | 2020-12-31 |
| ELLIOT, Walter | Director | 1994-06-30 | 2004-09-09 |
| ELLIOTT, Thomas | Director | 1994-06-30 | 1998-05-29 |
| FELL, Fiona Catherine | Director | 1996-11-05 | 2002-12-05 |
| GAMMELL, Philippa Mary | Director | 2002-09-05 | 2012-06-14 |
| GILMOUR, John, Sir | Director | 1994-06-30 | 2013-02-09 |
| GUTHRIE, Hugh | Director | 1999-08-05 | 2008-09-04 |
| GUTHRIE, Mungo | Director | 2013-09-05 | 2022-09-08 |
| HAGAN, Dennis Hamill | Director | 1999-01-27 | 2000-09-28 |
| HALL, Rachel Louise | Director | 2024-12-05 | 2025-12-04 |
| HAMILTON, Loudon Pearson | Director | 1998-11-05 | 2004-09-09 |
| HELM, James Sommerville | Director | 1994-12-14 | 1999-08-05 |
| IZAT, Alexander John Rennie | Director | 1994-06-30 | 2002-09-05 |
| JEFFREY, John | Director | 1996-11-05 | 2011-12-08 |
| JONES, Gareth Pierce | Director | 2010-09-09 | 2021-09-02 |
| LANGRISH, Frank Richard | Director | 2013-09-05 | 2022-09-08 |
| LAWRIE, Susan Elizabeth | Director | 2022-12-08 | 2023-09-07 |
| LENNOX, Robert John | Director | 1994-06-30 | 2005-09-08 |
| LEWIS, Christopher James | Director | 2001-05-24 | 2010-09-09 |
| LINKLATER, Karl Alexander, Professor | Director | 1994-06-30 | 2009-12-10 |
| LOWRIE, Colin | Director | 2008-12-04 | 2018-09-06 |
| MACKINNON, John Duncan, Dr | Director | 2016-09-08 | 2025-09-04 |
| MASON, Keith David | Director | 2013-09-05 | 2019-11-26 |
| MATTS, John Wager | Director | 1994-06-30 | 2014-09-04 |
| MCKEEVER, Declan James, Professor | Director | 2007-09-07 | 2008-09-05 |
| MCLAREN, Henry Bell | Director | 1994-06-30 | 1996-11-05 |
| NOLAN, Andrea Mary, Professor | Director | 2013-09-05 | 2022-09-08 |
| PHILP, Neil | Director | 2001-09-27 | 2002-12-05 |
| RICHARDS, Katherine Anne, Dr | Director | 2012-12-06 | 2022-09-08 |
| RICHARDS, Randolph Harvey, Professor | Director | 2014-09-04 | 2023-09-07 |
| ROBB, Andrew | Director | 2009-12-10 | 2016-09-08 |
| ROSS, John Alexander | Director | 2002-09-05 | 2012-12-06 |
| SANDERSON, Frances Elizabeth, Lady | Director | 1994-06-30 | 2000-09-28 |
| STEWART, William Black | Director | 2014-09-04 | 2021-09-02 |
| STOBO, James | Director | 1994-06-30 | 2000-09-28 |
| STUBBINGS, Lesley Ann | Director | 1995-06-29 | 2005-09-08 |
| SWANSON, Alistair Clyne | Director | 2005-09-08 | 2014-09-04 |
| TAYLOR, Bridget Claire | Director | 2015-12-03 | 2024-09-05 |
| TREES, Alexander John, Professor | Director | 2011-12-08 | 2020-09-03 |
| TUDOR, Thomas Richard | Director | 1994-09-28 | 2001-05-24 |
| TULLOCH, William Alexander | Director | 2021-09-02 | 2024-12-05 |
| WEIR, Robert Matthew | Director | 2004-09-09 | 2013-09-05 |
| WELLS, Peter William, Professor | Director | 1994-06-30 | 2016-09-08 |
| WELSH, Louise | Director | 2016-12-08 | 2024-04-03 |
| TM COMPANY SERVICES LIMITED | Corporate Nominee Director | 1994-06-30 | 1995-06-29 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 241 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-09-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-27 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-06-27 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-06-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-07 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-01 | AA | accounts | Accounts with accounts type group | |
| 2024-10-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-04 | RP04AP01 | officers | Second filing of director appointment with name |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 4
- Officers resigned
- 3
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-3%
£8,554,309 £8,297,827
-
Cash
-3.8%
£19,370,935 £18,641,910
-
Net assets
+1.4%
£43,850,663 £44,470,707
-
Employees
0%
197 197
-
Operating profit
-435.3%
£180,372 -£604,714
-
Profit before tax
-133.2%
£564,306 -£187,441
-
Wages
+7.7%
£7,109,304 £7,659,347
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