VALNEVA SCOTLAND LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-19 (this month)
Last made up 2025-05-05
Watchouts
Cash
£3M
-30.6% vs 2023
Net assets
£17M
+21.6% vs 2023
Employees
161
-8% vs 2023
Profit before tax
£2M
+8% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 2 times since incorporation
- VALNEVA SCOTLAND LIMITED 2013-08-30 → present
- INTERCELL BIOMEDICAL LIMITED 2004-02-11 → 2013-08-30
- PACIFIC SHELF 1251 LIMITED 2003-12-05 → 2004-02-11
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £49,553,000 | £49,770,000 | |
| Operating profit | £6,006,000 | £6,255,000 | |
| Profit before tax | £1,543,000 | £1,667,000 | |
| Net profit | -£960,000 | £1,700,000 | |
| Cash | £4,691,000 | £3,257,000 | |
| Total assets less current liabilities | £85,952,000 | £98,805,000 | |
| Net assets | £14,157,000 | £17,219,000 | |
| Equity | £14,157,000 | £17,219,000 | |
| Average employees | 175 | 161 | |
| Wages | £9,168,000 | £9,152,000 |
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 | 12.1% | 12.6% | |
| Net margin | -1.9% | 3.4% | |
| Return on capital employed | 7.0% | 6.3% | |
| Current ratio | 1.75x | 2.60x | |
| Interest cover | 1.32x | 1.33x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Constantin
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors of Valneva SE, Valneva Scotland's ultimate parent undertaking and controlling party, have confirmed that they will support the company to enable it to meet its third party liabilities as they fall due for a period of at least twelve months from the date of approval of these financial statement. In making their assessment of the going concern the directors have assessed the ability of the parent company to provide such support.”
Significant events
- “In January 2025, the company announced a restructuring exercise was going to be undertaken to right size the business for the future. The restructure concluded on 31 March 2025 and resulted in 14 roles being removed from the organisation.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MFMAC SECRETARIES LIMITED | Corporate Secretary | 2005-04-27 | — | — |
| BÜHLER, Peter | Director | 2024-01-29 | Jul 1969 | Swiss |
| DEQUENNE, Vincent | Director | 2024-01-29 | Apr 1966 | Belgian |
| LINGELBACH, Thomas | Director | 2006-12-05 | Sep 1963 | German |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MD SECRETARIES LIMITED | Corporate Nominee Secretary | 2004-02-10 | 2005-04-27 |
| OSWALDS OF EDINBURGH LIMITED | Corporate Nominee Secretary | 2003-12-05 | 2004-02-10 |
| BUSCHLE, Michael, Dr | Director | 2004-04-20 | 2006-02-24 |
| GRIMAUD, Franck Charles Marie | Director | 2017-06-06 | 2025-06-25 |
| KANDERA, Reinhard, Dr | Director | 2004-02-10 | 2017-03-31 |
| LAWRENCE, David | Director | 2017-10-23 | 2020-09-29 |
| ROONEY, Greig Scott | Director | 2022-05-20 | 2025-12-31 |
| ZETTLMEISSL, Gerd Werner | Director | 2004-02-10 | 2004-04-20 |
| JORDANS (SCOTLAND) LIMITED | Corporate Nominee Director | 2003-12-05 | 2004-02-10 |
| MD DIRECTORS LIMITED | Corporate Nominee Director | 2004-02-10 | 2004-02-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Valneva Se | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-02-05 | Ceased 2025-05-13 |
| Valneva Austria Gmbh | Corporate entity | Shares 75–100%, Voting 75–100% | 2019-01-23 | Active |
| Biopharma Secured Investments Ii Holdings Cayman Lp | Corporate entity | Shares 75–100%, Voting 75–100% | 2018-05-09 | Ceased 2019-01-23 |
Filing timeline
Last 20 of 121 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-10 | CH01 | officers | Change person director company with change date | |
| 2025-11-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-08-26 | AA | accounts | Accounts with accounts type full | |
| 2025-07-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-23 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-05-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-03-18 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-10-28 | CH01 | officers | Change person director company with change date | |
| 2024-10-16 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 17
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 2
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
+0.4%
£49,553,000 £49,770,000
-
Cash
-30.6%
£4,691,000 £3,257,000
-
Net assets
+21.6%
£14,157,000 £17,219,000
-
Employees
-8%
175 161
-
Operating profit
+4.1%
£6,006,000 £6,255,000
-
Profit before tax
+8%
£1,543,000 £1,667,000
-
Wages
-0.2%
£9,168,000 £9,152,000
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