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Company No. 06077026 · Incorporated 1 Feb 2007

Vertical Pharma Resources Limited

Registered name: VERTICAL PHARMA RESOURCES LIMITED

Part of Ipsco Limited group

Vertical Pharma Resources Limited made £39.2m revenue and £5.3m profit in the year to 28 Feb 2025. read from filing text

Vertical Pharma Resources Limited’s revenue grew 66% to £39.2m in the year to 28 Feb 2025, with £5.3m profit and 89 employees. The company is classified under “manufacture of pharmaceutical preparations” and is based in West Molesey; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 21200Manufacture of pharmaceutical preparations
Status
Active
Location
West Molesey, London
Age
19 yrs · since 2007
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's immediate parent undertaking is Integrated Pharmaceutical Services (IPS) Limited. The company's ultimate parent undertaking is IPSCO Limited. Both are registered in England and Wales. Th”

Latest accounts · year to 28 Feb 2025

Key figures

Operating leverage
Revenue
£39.2m
Growth ▲66.3%
Profit
£5.3m
Growth ▲189.6%
Profit margin
13.6%
Gross 30.1%
Employees
89
Change ▲12.7%
Profit / employee
£59.9k
Revenue/employee £441k
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 to28 Feb 202228 Feb 202328 Feb 202428 Feb 2025
DisclosureFull P&Lread from filing textFull P&Lread from filing textFull P&Lread from filing textFull P&Lread from filing text
Profit & loss
Revenue (turnover)£16.3m£17.2m£23.6m£39.2m
Cost of sales£10.6m£11.5m£16.3m£27.4m
Gross profit£5.8m£5.7m£7.3m£11.8m
Operating profit£1.1m£307k£1.7m£4.5m
Profit before tax£1.3m−£98.7k£1.8m£5.5m
Profit after tax£1.3m£6.7k£1.8m£5.3m
Profit (best available)£1.3m£6.7k£1.8m£5.3m
Staff costs£3.3m£3.6m£3.7m£4.6m
Employees (average)79857989
Ratios
Profit margin8.1%0%7.8%13.6%
Gross margin35.3%32.9%31%30.1%
Revenue per employee£207k£202k£299k£441k
Profit per employee£16.7k£79£23.3k£59.9k
Growth (year on year)
Revenue growth—▲5.1%▲37.3%▲66.3%
Profit growth—▼99.5%▲27432%▲189.6%
Headcount growth—▲7.6%▼7.1%▲12.7%
Balance sheet — indirect signals, not revenue
Cash at bank£943k£646k£1.4m£2.5m
Net assets£1.6m£1.7m£3.5m£8.8m
Fixed assets£256k£318k£346k£3.9m
Current assets£6.2m£6.2m£9.9m£16.6m
Debtors£3.9m£2.7m£4.7m£8.2m
Deferred income£1.2m£1.4m£1.5m£3.5m
SourceFullAccounts · bulk data Dec 2023FullAccounts · bulk data Dec 2023FullAccounts · bulk data Jun 2024FullAccounts · bulk data Jul 2025
Derived from the latest filing

How the business works

Profit margin
13.6%
Profit ÷ revenue.
Gross margin
30.1%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£441k
Revenue ÷ average employees.
Profit per employee
£59.9k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
10.1%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
8.9%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
20.8%
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
▲153%
Now £8.8m
Cash at bank
▲81%
Now £2.5m
Headcount
▲13%
Now 89
Deferred income
▲134%
Now £3.5m
Fixed assets
▲1040%
Now £3.9m

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

  1. Ipsco Limitedultimate parent75–100%
  2. Integrated Pharmaceutical Services (Ips) Limited75–100%
  3. Vertical Pharma Resources Limitedthis company

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

Subsidiaries (1)

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

Same industry, similar size

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Industry benchmarks →

Sources

Latest figures from FullAccounts for the year to 28 Feb 2025 (profit £5.3m), from the Companies House accounts bulk data published Jul 2025. Spotted an error? Request a correction.

Updated from Companies House on 15 Oct 2026

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