How much does Morningside Pharmaceuticals Limited make?

Morningside Pharmaceuticals Limited reported revenue of £75.3m and £13.4m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Morningside Pharmaceuticals Limited have?

Morningside Pharmaceuticals Limited reported an average of 47 employees in the year to 31 Dec 2025.

Is Morningside Pharmaceuticals Limited profitable?

Yes — Morningside Pharmaceuticals Limited reported a profit of £13.4m in the year to 31 Dec 2025.

Company No. 02672877 · Incorporated 18 Dec 1991

Morningside Pharmaceuticals Limited

Registered name: MORNINGSIDE PHARMACEUTICALS LIMITED

Morningside Pharmaceuticals Limited made £75.3m revenue and £13.4m profit in the year to 31 Dec 2025. read from filing text

Morningside Pharmaceuticals Limited’s revenue fell 10% to £75.3m in the year to 31 Dec 2025, with £13.4m profit and 47 employees. The company is classified under “manufacture of pharmaceutical preparations” and is based in Northampton; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 21200Manufacture of pharmaceutical preparations SIC 32500Manufacture of medical and dental instruments and supplies SIC 46460Wholesale of pharmaceutical goods

Status: Active
Location: Northampton, East Midlands
Age: 34 yrs · since 1991
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The company is wholly owned by Aspire Bidco Limited, a company registered in Jersey. The smallest company within which the accounts are consolidated is Aspire Topco Limited, a company registered in Je”

Latest accounts · year to 31 Dec 2025

Key figures

Capital-lightCash flow filed

Revenue

£75.3m

Growth ▼10.4%

Profit

£13.4m

Growth ▼16.5%

Profit margin

17.7%

Gross 27.6%

Employees

Change ▼36.5%

Profit / employee

£284k

Revenue/employee £1.6m

Profitable streak

4yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£82.1m	£79.4m	£84m	£75.3m
Cost of sales	£56.8m	£57.1m	£59.3m	£54.5m
Gross profit	£25.3m	£22.3m	£24.7m	£20.8m
Operating profit	£14m	£14.4m	£17.3m	£13.7m
Profit before tax	£14m	£14.7m	£17.8m	£13.9m
Profit after tax	£11m	£14.3m	£16m	£13.4m
Profit (best available)	£11m	£14.3m	£16m	£13.4m
Staff costs	£4.3m	£3.4m	£3.3m	£2.4m
Employees (average)	102	93	74	47
Ratios
Profit margin	13.4%	17.9%	19.1%	17.7%
Gross margin	30.8%	28.1%	29.4%	27.6%
Revenue per employee	£805k	£854k	£1.1m	£1.6m
Profit per employee	£108k	£153k	£216k	£284k
Cash conversion	−78%	−40.9%	−21.1%	−198.9%
Growth (year on year)
Revenue growth	—	▼3.3%	▲5.8%	▼10.4%
Profit growth	—	▲29.8%	▲12.3%	▼16.5%
Headcount growth	—	▼8.8%	▼20.4%	▼36.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£2m	£5.7m	£1.4m	£100k
Net assets	£13.5m	£27.7m	£37.2m	£17.6m
Fixed assets	£4.6m	£4.4m	£6k	£402k
Current assets	£37.9m	£44.3m	£46.2m	£40.1m
Debtors	£19.1m	£16.5m	£17m	£15.4m
Deferred income	£3.6m	£5.1m	£5.5m	£3m
Cash from operations	−£10.9m	−£5.9m	−£3.7m	−£27.3m
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2025	FullAccounts · bulk data Aug 2026

Derived from the latest filing

How the business works

Profit margin: 17.7%; Profit ÷ revenue.
Gross margin: 27.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.6m; Revenue ÷ average employees.
Profit per employee: £284k; Profit ÷ average employees.
Cash conversion: −198.9%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 20.4%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▼53%; Now £17.6m
Cash at bank: ▼93%; Now £100k
Headcount: ▼36%; Now 47
Deferred income: ▼46%; Now £3m
Fixed assets: ▲6600%; Now £402k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £13.4m), from the Companies House accounts bulk data published Aug 2026. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.