How much does Medpharm Limited make?

Medpharm Limited reported revenue of £9m and a loss of £26.2m in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Medpharm Limited have?

Medpharm Limited reported an average of 78 employees in the year to 31 Dec 2024.

Is Medpharm Limited profitable?

No — Medpharm Limited reported a loss of £26.2m in the year to 31 Dec 2024.

Company No. 03783386 · Incorporated 7 Jun 1999

Medpharm Limited

Registered name: MEDPHARM LIMITED

Part of Medpharm Holdco Limited group

Medpharm Limited made £9m revenue and a £26.2m loss in the year to 31 Dec 2024.

Medpharm Limited’s revenue fell 20% to £9m in the year to 31 Dec 2024, with a loss of £26.2m and 78 employees. The company is classified under “research and experimental development on biotechnology” and is based in Guildford; we hold 3 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 72110Research and experimental development on biotechnology

Status: Active
Location: Guildford, South East
Age: 27 yrs · since 1999
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.

Latest accounts · year to 31 Dec 2024

Key figures

Revenue

£9m

Growth ▼20%

Profit

−£26.2m

Growth —

Profit margin

−289.8%

Gross −9.3%

Employees

Change ▼17%

Profit / employee

−£336k

Revenue/employee £116k

Profitable streak

0yrs

Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£18.7m	£11.3m	£9m
Cost of sales	£17.6m	£13.2m	£9.9m
Gross profit	£1.1m	−£1.9m	−£837k
Operating profit	−£5.4m	−£6.9m	−£5.1m
Profit before tax	−£5.4m	−£6.9m	−£26.1m
Profit after tax	−£4.9m	−£6.9m	−£26.2m
Profit (best available)	−£4.9m	−£6.9m	−£26.2m
Staff costs	£5.1m	£4.2m	£3.5m
Employees (average)	115	94	78
Ratios
Profit margin	−26.4%	−60.8%	−289.8%
Gross margin	5.7%	−16.5%	−9.3%
Revenue per employee	£162k	£120k	£116k
Profit per employee	−£42.9k	−£73k	−£336k
Growth (year on year)
Revenue growth	—	▼39.5%	▼20%
Headcount growth	—	▼18.3%	▼17%
Balance sheet — indirect signals, not revenue
Cash at bank	£977k	£576k	£217k
Net assets	£609k	−£6.3m	−£32.5m
Fixed assets	£3.2m	£3m	£2.3m
Current assets	£7m	£4.7m	£6.7m
Debtors	£2.5m	£1.4m	£1.5m
Deferred income	£3m	£2.1m	£2m
Source	FullAccounts · bulk data Apr 2025	FullAccounts · bulk data Apr 2025	FullAccounts · bulk data Jul 2026

Derived from the latest filing

How the business works

Profit margin: −289.8%; Profit ÷ revenue.
Gross margin: −9.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £116k; Revenue ÷ average employees.
Profit per employee: −£336k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 25.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 22%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 16.4%; 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: —; Now −£32.5m
Cash at bank: ▼62%; Now £217k
Headcount: ▼17%; Now 78
Deferred income: ▼6%; Now £2m
Fixed assets: ▼22%; Now £2.3m

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

Corporate ownership

Group structure

Ownership chain

Medpharm Holdco Limitedultimate parent75–100%
Medpharm Limitedthis company

Bands show the share of ownership each company holds in the one below it.

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£26.2m), from the Companies House accounts bulk data published Jul 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.