ST ANDREWS INNOVATION LIMITED

1. ST ANDREWS INNOVATION LIMITED 2023-02-27 → present
2. ST ANDREWS APPLIED RESEARCH LIMITED 2011-01-20 → 2023-02-27

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

Consolidated group

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“With the significant uncertainty that has been seen, management have taken steps to fully assess the group's going concern status. This has included the forecasting of multiple scenarios, including consideration of worst-case, and reverse stress testing in line with current best practice. From this, management are confident that the group has sufficient liquid assets to continue as a going concern without further external funding as detailed in note 3.”

Group structure

1. ST ANDREWS INNOVATION LIMITED · parent
   1. Actiframe Ltd 1% · UK · Research & development
   2. D'Arcy Thompson Simulator Centre Ltd 0.5% · Scotland · Model simulation
   3. Drochaid Research Services Ltd 1% · UK · Contract research
   4. Eden Campus Consultancy Ltd 1% · UK · Energy production
   5. Eden Campus Properties Ltd 1% · UK · Dormant
   6. Eden Campus Solar 1 Ltd 1% · UK · Electricity generation
   7. Eden Estuary Energy Ltd 1% · UK · Heat production
   8. Photosynergy Ltd 1% · UK · Sale of photonics equipment
   9. University of St Andrews Shop Ltd 1% · UK · Retail
   10. SOI Group Ltd 1% · UK · Holding company
   11. SMRU Ltd 1% · UK · Marine mammal consultancy
   12. University of St Andrews Consulting Services Ltd 1% · UK · Commercial consultancy
   13. SolOLED Ltd 1% · UK · Research & development
   14. StAAR Inc 1% · USA · Holding company
   15. SMRU (Hong Kong) Ltd 1% · Hong Kong · Marine mammal consultancy
   16. SMRU, LLC 1% · USA · Marine mammal consultancy
   17. SMRU Canada Ltd 1% · Canada · Marine mammal consultancy
   18. St Andrews Instrumentation Ltd 1% · UK · Marine instrumentation consultancy
   19. St Andrews Medical Innovations Ltd 1% · UK · Sale of research and medical equipment
   20. St Andrews West Properties Ltd 1% · UK · Investment company
   21. X-Genix Limited 1% · UK · Research & development

Significant events

• “Group turnover decreased to £10.83m (2024: £11.87m) largely due to lower energy generation in the year due to unplanned maintenance and reduced service income. As a result, operating profit excluding exceptional items decreased to £0.91m (2024: £1.56m). Group net assets decreased to £26.29m (2024: £26.73m).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -8.7%

  £11,868,227 → £10,830,089

• Cash

  -3.8%

  £5,656,443 → £5,443,524

• Net assets

  -1.6%

  £26,729,905 → £26,292,841

• Employees

  +11.3%

  71 → 79

• Operating profit

  -41.9%

  £1,557,769 → £905,135

• Profit before tax

  -56%

  £2,055,553 → £905,135

• Wages

  -0.9%

  £2,916,353 → £2,888,958

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