Pharmaceutical Research Associates Denmark ApS
Private limited companyCVR 33242840HellerupActive
Pharmaceutical Research Associates Denmark ApS is a private limited company, based in Hellerup, active in research and experimental development on natural sciences and engineering, founded in 2010. Net profit fell 14% from 2024 to 2025, ending at DKK 3.1m. With 50 employees, the company is about 10 times larger than the industry median. Gross profit is higher than that of 94% of the companies in the industry in the database.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit fell 15% (2024 → 2025), to DKK 61.6m.
- Net profit fell 14% (2024 → 2025), to DKK 3.1m.
- Equity rose 15% (2024 → 2025), to DKK 23.9m.
Employees
- 4 fewer employees than a year earlier: 50 (08/2026) against 54 (08/2025).
Registrations, last 24 months
- 17/09/2026: Moved to Strandvejen 102B, 5. tv, 2900 Hellerup
- 19/12/2025: Moved to H.C. Andersens Boulevard 48, 1, 1553 København V
- 01/01/2025: Industry changed to Research and experimental development on natural sciences and engineering (721000)
Calculated from the latest two annual reports in sequence and from registrations in CVR. A figure that is missing in either year gives no line, and we derive no figures.
Financial statements
Financial years 2020–2025 · amounts in DKK thousandEquity and net profit
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | not stated | not stated | not stated | not stated | not stated | not stated | – |
| Gross profit | 34,746 | 44,686 | 57,090 | 64,002 | 72,284 | 61,634 | −14.7% |
| Operating profit (EBIT) | 2,622 | 3,939 | 3,524 | 4,008 | 4,510 | 3,893 | −13.7% |
| Profit before tax | 2,637 | 3,846 | 3,493 | 4,002 | 4,563 | 3,930 | −13.9% |
| Net profit | 2,057 | 3,000 | 2,723 | 3,114 | 3,554 | 3,054 | −14.1% |
| Total assets | 13,971 | 17,630 | 18,398 | 39,034 | 46,592 | 47,334 | +1.6% |
| Equity | 8,501 | 11,501 | 14,224 | 17,338 | 20,892 | 23,946 | +14.6% |
| Liabilities | 5,470 | 6,129 | 4,174 | 21,696 | 25,700 | 23,388 | −9% |
| Cash and cash equivalents | 608 | 539 | 3,195 | 1,521 | 3,465 | 2,415 | −30.3% |
| Average number of employees | 37 | 47 | 57 | 63 | 72 | 58 | −19.4% |
Source: annual reports filed with the Danish Business Authority (XBRL). Figures for the company (not the group); change is the latest year against the year before. “–” means the figure is not stated in the annual report. Revenue is not stated for 2020, 2021, 2022, 2023, 2024, 2025: smaller companies may omit it, and we do not derive it from other figures.
Download the figures as CSV · free with an account, amounts in whole DKK
Signals from the financial statements
calculated from the 2025 figuresProfit for five years in a row
Net result has been positive in 2021–2025.
How is this calculated?
Net result is positive in the five latest annual reports in a row.
The signals are rules applied to the figures in the annual reports. They are not an assessment or credit rating of the company. See Data and method.
Annual reports
6 financial years| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 07/07/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 30/06/2025 | The company | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 21/06/2024 | The company | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 08/08/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 07/07/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 02/08/2021 | The company | PDFXBRL |
The figures from all the annual reports are shown on this page. The documents themselves (PDF and XBRL, the machine-readable edition) are downloaded with a Pro account: sign in or create a free account, and then choose Pro. XBRL is the edition the figures on the page are read from.
Employees
monthly figures from CVRPosition in the industry
431 companies in the databaseComparison with the other companies in research and experimental development on natural sciences and engineering based on the latest financial year.
Industry median: gross profit DKK 616k, net profit −DKK 892k, equity DKK 2m, 5 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with 50–199 employees4,467 companies in the comparison | No. 1,376of 4,412 Better than 69% | No. 1,989of 4,466 Better than 55% |
| Same industry and 50–199 employees27 companies in the comparison | No. 13of 26 Better than 52% | No. 20of 27 Better than 27% |
| Companies that are between 15 and 29 years old24,910 companies in the comparison | No. 1,162of 24,791 Better than 95% | No. 3,961of 24,909 Better than 84% |
| All companies of type ApS66,508 companies in the comparison | No. 557of 66,379 Better than 99% | No. 3,724of 66,505 Better than 94% |
The rank is calculated among companies in the database with a figure for the latest financial year, and is shown only for groups of at least ten companies.
Compare with the industry
Research and experimental development on natural sciences and engineering- Pharmaceutical Research Associates Denmark ApSDKK 61.6m
- Carlsberg A/SDKK 40.2bn
- Zealand Pharma A/SDKK 9.2bn
- Pharmaceutical Research Associates Denmark ApSDKK 3.1m
- Carlsberg A/SDKK 7bn
- Zealand Pharma A/SDKK 6.5bn
- Pharmaceutical Research Associates Denmark ApSDKK 23.9m
- Carlsberg A/SDKK 30.7bn
- Zealand Pharma A/SDKK 14.8bn
- Pharmaceutical Research Associates Denmark ApS50
- Carlsberg A/S107
- Zealand Pharma A/S569
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- Icon Clinical (uk) Limited100%
Management
4 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Thomas Noel O´Leary | Director | 15/12/2023 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Simon Peter Hollywood | Board member | 01/07/2021 |
| John Sheahan | Board member | 01/07/2021 |
| Thomas Noel O´Leary | Chair of the board | 15/12/2023 |
- Founders
- Pharm Research Associates (UK) Limited
Former management (7)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Colin Shannon | Board member | 07/10/2010 | 01/07/2021 |
| Colin Shannon | Director | 07/10/2010 | 01/07/2021 |
| Christopher John Gray | Board member | 07/10/2010 | 01/07/2021 |
| Susan Caroline Stansfield | Chair of the board | 07/10/2010 | 12/10/2011 |
| Timothy Jon McClain | Chair of the board | 12/10/2011 | 04/10/2018 |
| Robert James Leftwich | Chair of the board | 04/10/2018 | 15/12/2023 |
| Robert James Leftwich | Director | 01/07/2021 | 15/12/2023 |
Signing rule: Selskabet tegnes af bestyrelsesmedlemmerne i forening eller af et medlem af bestyrelsen eller en direktør hver for sig.
Address and production units
1 active production unitsStrandvejen 102B
2900 Hellerup
Gentofte Municipality · Postcode 2900
Other companies at the address (3)
- Docs International Nordic Countries A/STemporary employment agency activities and other staff provision
- Økonomisk Ugebrev A/SPublishing of journals and periodicals
- E. Callsen & Co. A/SAgents involved in the sale of a variety of goods
| Production unit | Address | Employees | P number |
|---|---|---|---|
| PHARMACEUTICAL RESEARCH ASSOCIATES DENMARK ApS | Strandvejen 102B, 5. tv, 2900 Hellerup | 50 | 1016364734 |
Purpose
Selskabets formål er at udføre generel klinisk forskning og hermed forbundet virksomhed efter bestyrelsens skøn.
The purpose is quoted from the register in Danish.
Changes year by year
33 registered events20262 changesaddress 1 · accounts 1
- AddressMoved to Strandvejen 102B, 5. tv, 2900 Hellerup
- AccountsAnnual report for 2025 published
20253 changesaddress 1 · accounts 1 · industry 1
- AddressMoved to H.C. Andersens Boulevard 48, 1, 1553 København V
- AccountsAnnual report for 2024 published
- IndustryIndustry changed to Research and experimental development on natural sciences and engineering (721000)
20241 changeaccounts 1
- AccountsAnnual report for 2023 published
20236 changesmanagement 4 · address 1 · accounts 1
- ManagementThomas Noel O´Leary appointed director
- ManagementThomas Noel O´Leary appointed chair of the board
- ManagementRobert James Leftwich stepped down as director
- ManagementRobert James Leftwich stepped down as chair of the board
- AddressMoved to Sankt Ols Gade 4, 4000 Roskilde
- AccountsAnnual report for 2022 published
20221 changeaccounts 1
- AccountsAnnual report for 2021 published
20217 changesaccounts 1 · management 6
- AccountsAnnual report for 2020 published
- ManagementRobert James Leftwich appointed director
- ManagementJohn Sheahan appointed board member
- ManagementSimon Peter Hollywood appointed board member
- ManagementColin Shannon stepped down as board member
- ManagementChristopher John Gray stepped down as board member
- ManagementColin Shannon stepped down as director
20182 changesmanagement 2
- ManagementRobert James Leftwich appointed chair of the board
- ManagementTimothy Jon McClain stepped down as chair of the board
20114 changesmanagement 2 · address 1 · industry 1
- ManagementTimothy Jon McClain appointed chair of the board
- ManagementSusan Caroline Stansfield stepped down as chair of the board
- AddressMoved to Havneholmen 29, 1561 København V
- IndustryIndustry changed to Forskning og eksperimentel udvikling indenfor bioteknologi (721100)
20107 changesaddress 1 · founded 1 · management 4 · ownership 1
- AddressMoved to Lautrupsgade 7, 2100 København Ø
- FoundedRegistered as PHARMACEUTICAL RESEARCH ASSOCIATES DENMARK ApS
- ManagementColin Shannon appointed board member
- ManagementSusan Caroline Stansfield appointed chair of the board
- ManagementChristopher John Gray appointed board member
- ManagementColin Shannon appointed director
- OwnershipICON CLINICAL (UK) LIMITED registered as owner (100%)
Related companies
Same industry in Gentofte
- Novo Nordisk Clinical Innovation Centre A/S32 employees
- Bioporto Diagnostics A/S28 employees
- NIVI Development A/S9 employees
- Bioporto A/S8 employees
- Protein Frontiers ApS4 employees
- Aetas Labs ApS4 employees
Largest in the industry
- Carlsberg A/SDKK 40.2bn
- Zealand Pharma A/SDKK 9.2bn
- Gubra A/SDKK 2.6bn
- Vestas Wind Systems A/SDKK 2.5bn
- Bang & Olufsen A/SDKK 1.4bn
- 3shape A/SDKK 1.3bn
Source and updates
The information comes from the Danish Central Business Register (Danish Business Authority) and from annual reports filed with the Danish Business Authority. Last synchronised 24/10/2026. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.