Hammersmith Medicines Research Limited
02779946
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/01/2024
group
Next accounts due
31/07/2026
Confirmation statement
Last: 15/01/2026
Due 29/01/2027
Industry
Officers
Persons with Significant Control
Nn Bidco Pty Ltd (Acn 623 536 247)
C/- Intertrust Australia Pty Ltd, Suite 2 Level 25 100 Miller Street, New South Wales
Reg: Acn 623 536 247 · Australian Securities And Investments Commission · Proprietary Limited Company
Notified 01/08/2025
Former PSCs
Dr Malcolm James Boyce
Ceased 01/08/2025
CompanyRankvs 16+ SIC 72190 peers80
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion. Material uncertainty relating to going concern We draw attention to Note 2 in the financial statements, which explains that the group has experienced a decline in new trials after the year end, resulting in significant cashflow issue
Key FinancialsYear ending 31/01/2024
Net Worth
£23.7M
Balance sheet strength
Cash
£3.7M
Cash in the bank
Net Current Assets
£14.3M
Working capital
Current Assets
£17.0M
Current Liabilities
£2.7M
Fixed Assets
£11.3M
Debtors
£9.6M
Profit After Tax
-£729k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 6.20 | -£730k |
| 2023 | 7.11 | -£1.3M |
| 2022 | 10.23 | — |
Derived from filed accounts. Not audited figures.