Overview
-$15.3M Net income, fiscal 20244
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Ticker TCBP on NASDAQ1 Industry pharmaceutical industry1 Headquarters Edinburgh1 Website www.tcbiopharm.com Legal form private company limited by shares1 Incorporated in United Kingdom5 Business address Maxim 1, 2 Parklands Way, Holytown, X0 Ml1 4Wr5 Filer category Non-accelerated filer, Emerging growth company5 LEI 5493006WD64125Z37884 3 Status Active3 LEI status Issued and current3 Registered address C/O ALVAREZ & MARSAL EUROPE LLP, G2 5NW Glasgow, United Kingdom3 Registered with Companies House, SC7130983
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BioPharm (Holdings) Limited and, as a result, TC BioPharm Limited became a wholly owned subsidiary of TC BioPharm (Holdings) Limited.6 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in GBP, the currency the company reports in.
Key numbers, fiscal 2022 94.3% Revenue growth, 20224 -14.8M GBP Free cash flow7 Where the money goes Where each dollar of revenue went, fiscal 2022 Research and development Interest
Research and development 47¢ 7.6M GBP Interest 42¢ 6.8M GBP Income tax 11¢ 1.7M GBP Out of 3.8M GBP in revenue.4 7 The company lost money this year.
Financial statements
Income statement Balance sheet Cash flow
Annual Quarterly
Revenue8 7 4 3.8M GBP in 2022+12% since 2019 0 1.0M GBP 2.0M GBP 3.0M GBP 4.0M GBP 2019: 3.4M GBP 3.4M GBP 2019 2020: 2.0M GBP 2.0M GBP 2020 −42% 2021: 2.0M GBP 2.0M GBP 2021 +0% 2022: 3.8M GBP 3.8M GBP 2022 +94% Operating income8 7 4 -12.1M GBP in 2022+20% since 2019 -15.0M GBP -10.0M GBP -5.0M GBP 0 2019: -10.1M GBP -10.1M GBP 2019 2020: -8.3M GBP -8.3M GBP 2020 −17% 2021: -9.3M GBP -9.3M GBP 2021 +12% 2022: -12.1M GBP -12.1M GBP 2022 +29% Net income8 7 -1.4M GBP in 2022−77% since 2019 -15.0M GBP -10.0M GBP -5.0M GBP 0 2019: -6.1M GBP -6.1M GBP 2019 2020: -5.5M GBP -5.5M GBP 2020 −10% 2021: -13.6M GBP -13.6M GBP 2021 +149% 2022: -1.4M GBP -1.4M GBP 2022 −90%
Operating income9 -3.4M GBP in Q1 FY2024−17% since Q1 FY2023 -6.0M GBP -4.0M GBP -2.0M GBP 0 Q1 FY2023: -4.2M GBP -4.2M GBP Q1 FY2023 Q1 FY2024: -3.4M GBP -3.4M GBP Q1 FY2024 −17%
Fiscal year 2018 2019 2020 2021 2022 Revenue 3.4M GBP8 2.0M GBP7 2.0M GBP7 3.8M GBP4 Research and development 6.2M GBP7 7.6M GBP4 Operating expenses 15.9M GBP4 Operating income -10.1M GBP8 -8.3M GBP7 -9.3M GBP7 -12.1M GBP4 Interest 3.4M GBP7 6.8M GBP10 Income before tax -15.0M GBP7 -3.0M GBP4 Income tax -1.4M GBP7 -1.7M GBP4 Net income -6.1M GBP8 -5.5M GBP7 -13.6M GBP7 -1.4M GBP7 Earnings per share -14 GBP/shares7 -35 GBP/shares7 -2 GBP/shares4 Earnings per share (diluted) -2 GBP/shares4 Shares (weighted, basic) 687.2K shares4 Shares (weighted, diluted) 687.2K shares4
Total assets8 7 10 11.3M GBP in 2022+55% since 2020 0 5.0M GBP 10.0M GBP 15.0M GBP 2020: 7.3M GBP 7.3M GBP 2020 2021: 8.0M GBP 8.0M GBP 2021 +10% 2022: 11.3M GBP 11.3M GBP 2022 +41% Total liabilities8 7 10 11.0M GBP in 2022+3% since 2020 0 10.0M GBP 20.0M GBP 30.0M GBP 2020: 10.6M GBP 10.6M GBP 2020 2021: 24.6M GBP 24.6M GBP 2021 +132% 2022: 11.0M GBP 11.0M GBP 2022 −55% Shareholders’ equity8 7 -25.7K GBP in 2022−94% since 2018 -20.0M GBP -15.0M GBP -10.0M GBP -5.0M GBP 0 2018: -445.4K GBP -445.4K GBP 2018 2019: -2.5M GBP -2.5M GBP 2019 +470% 2020: -3.3M GBP -3.3M GBP 2020 +32% 2021: -16.6M GBP -16.6M GBP 2021 +395% 2022: -25.7K GBP -25.7K GBP 2022 −100% Cash8 7 4 4.8M GBP in 2022−28% since 2018 0 2.0M GBP 4.0M GBP 6.0M GBP 8.0M GBP 2018: 6.7M GBP 6.7M GBP 2018 2019: 956.5K GBP 956.5K GBP 2019 −86% 2020: 748.0K GBP 748.0K GBP 2020 −22% 2021: 1.6M GBP 1.6M GBP 2021 +109% 2022: 4.8M GBP 4.8M GBP 2022 +207%
Total assets9 7.3M GBP in Q1 FY2024−19% since Q1 FY2023 0 2.5M GBP 5.0M GBP 7.5M GBP 10.0M GBP Q1 FY2023: 8.9M GBP 8.9M GBP Q1 FY2023 Q1 FY2024: 7.3M GBP 7.3M GBP Q1 FY2024 −19% Total liabilities9 6.2M GBP in Q1 FY2024−1% since Q1 FY2023 0 2.0M GBP 4.0M GBP 6.0M GBP 8.0M GBP Q1 FY2023: 6.2M GBP 6.2M GBP Q1 FY2023 Q1 FY2024: 6.2M GBP 6.2M GBP Q1 FY2024 −1% Cash9 981.0K GBP in Q1 FY2024−80% since Q1 FY2022 0 2.0M GBP 4.0M GBP 6.0M GBP Q1 FY2022: 4.8M GBP 4.8M GBP Q1 FY2022 Q1 FY2023: 5.7M GBP 5.7M GBP Q1 FY2023 +19% Q1 FY2023: 2.5M GBP 2.5M GBP Q1 FY2023 −57% Q1 FY2024: 981.0K GBP 981.0K GBP Q1 FY2024 −60%
Fiscal year 2018 2019 2020 2021 2022 Cash 6.7M GBP8 956.5K GBP7 748.0K GBP7 1.6M GBP4 4.8M GBP4 Receivables 882.0K GBP7 919.5K GBP7 Current assets 3.9M GBP7 7.4M GBP10 Property, plant and equipment 2.3M GBP7 1.8M GBP10 Intangible assets 483.6K GBP7 553.0K GBP10 Total assets 7.3M GBP8 8.0M GBP7 11.3M GBP10 Accounts payable 4.1M GBP7 2.2M GBP7 Current liabilities 20.6M GBP7 9.2M GBP10 Long-term liabilities 4.0M GBP7 1.8M GBP7 Total liabilities 10.6M GBP8 24.6M GBP7 11.0M GBP10 Retained earnings -33.5M GBP7 -33.4M GBP10 Shareholders’ equity -445.4K GBP8 -2.5M GBP7 -3.3M GBP7 -16.6M GBP7 -25.7K GBP7 Shares outstanding 19.5M shares8 950.0K shares7
Cash from operations8 7 -14.5M GBP in 2022+116% since 2019 -15.0M GBP -10.0M GBP -5.0M GBP 0 2019: -6.7M GBP -6.7M GBP 2019 2020: -3.4M GBP -3.4M GBP 2020 −49% 2021: -5.6M GBP -5.6M GBP 2021 +63% 2022: -14.5M GBP -14.5M GBP 2022 +160% Capital spending8 7 4 240.7K GBP in 2022−88% since 2019 0 1.0M GBP 2.0M GBP 3.0M GBP 2019: 2.0M GBP 2.0M GBP 2019 2020: 34.9K GBP 34.9K GBP 2020 −98% 2021: 20.0K GBP 20.0K GBP 2021 −43% 2022: 240.7K GBP 240.7K GBP 2022 +1102% Free cash flow8 7 -14.8M GBP in 2022+69% since 2019 -15.0M GBP -10.0M GBP -5.0M GBP 0 2019: -8.8M GBP -8.8M GBP 2019 2020: -3.5M GBP -3.5M GBP 2020 −60% 2021: -5.6M GBP -5.6M GBP 2021 +62% 2022: -14.8M GBP -14.8M GBP 2022 +164%
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Fiscal year 2018 2019 2020 2021 2022 Cash from operations -6.7M GBP8 -3.4M GBP7 -5.6M GBP7 -14.5M GBP7 Stock-based compensation 1.1M GBP4 Capital spending 2.0M GBP8 34.9K GBP7 20.0K GBP7 240.7K GBP4 Free cash flow -8.8M GBP -3.5M GBP -5.6M GBP -14.8M GBP Cash from investing -143.2K GBP7 -310.2K GBP4 Cash from financing 6.5M GBP7 18.7M GBP4
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Corporate structure
TC Biopharm sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of TC Biopharm
ARMISTICE CAPITAL, LLC Filed SC 13G/A on TC Biopharm, latest Nov 14, 2024 (3 filings since Feb 14, 2023) MEDINET Co., Ltd. Filed SC 13G/A on TC Biopharm, latest Jan 29, 2024 (2 filings since Jan 30, 2023) Nipro Filed SC 13G on TC Biopharm, latest Feb 28, 2023 Renaissance Capital Partners Ltd Filed SC 13D/A on TC Biopharm, latest Jan 11, 2023 (2 filings since Apr 27, 2022) Alta Partners LLC Filed SC 13G on TC Biopharm, latest Mar 17, 2022 Enterprise Scottish Filed SC 13D on TC Biopharm, latest Feb 22, 2022
TC Biopharm Glasgow, United Kingdom
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What TC Biopharm reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment Item Latest A year before Change Property and equipment, before depreciation 5.5M GBP4 Dec 31, 2024 5.4M GBP4 Dec 31, 2023 +1.2% Accumulated depreciation 4.5M GBP4 Dec 31, 2024 4.2M GBP4 Dec 31, 2023 +9.2% Property and equipment, net 954.8K GBP4 Dec 31, 2024 1.3M GBP4 Dec 31, 2023 −25.1% Operating-lease assets (leased space) 1.1M GBP4 Dec 31, 2024 1.3M GBP4 Dec 31, 2023 −15.5%
Investments Item Latest A year before Change Cash and cash equivalents $1.5M4 Dec 31, 2024
Intangibles and goodwill Item Latest A year before Change Intangible assets, net (excluding goodwill) 466.3K GBP4 Dec 31, 2024 615.2K GBP4 Dec 31, 2023 −24.2% Finite-lived intangibles, gross 723.9K GBP4 Dec 31, 2024 860.6K GBP4 Dec 31, 2023 −15.9% Accumulated amortization 384.8K GBP4 Dec 31, 2024 245.4K GBP4 Dec 31, 2023 +56.8%
The story
Founded by Angela Scott in 2013.1
Leadership
Who has led TC Biopharm, and when. Pick a name to see everywhere that person has worked.
Named in SEC Form D filings People the company listed in its private-offering notices.
Executive Officer, Director Martin Thorp named Dec 13, 2022 11 Director Arlene Morris named Dec 13, 2022 11 Director Bryan Kobel named Dec 13, 2022 11 Director Edward Niemczyk named Dec 13, 2022 11 Director James Culverwell named Dec 13, 2022 11 Director Mark Bonyhadi named Dec 13, 2022 11 Director Michael Leek named Dec 13, 2022 11
Former names
TC BioPharm (Holdings) Ltd Jul 26, 2021 to Dec 23, 20215
Timeline
Jun 28, 2024 8-K Executive or director change12 May 29, 2024 8-K Listing notice or transfer13 May 20, 2024 8-K Other events14 May 8, 2024 8-K Entered a material agreement; Unregistered sale of shares; Other events15 May 6, 2024 8-K Other events16 Apr 4, 2024 8-K Other events17 Mar 19, 2024 8-K Shareholder vote18 Mar 18, 2024 8-K Unregistered sale of shares19 Mar 12, 2024 8-K Unregistered sale of shares; Executive or director change20 Mar 6, 2024 8-K Executive or director change21 Feb 14, 2024 8-K Regulation FD disclosure; Other events22 Jan 4, 2024 8-K Listing notice or transfer; Other events23 Feb 2022 Went public Listed on NASDAQ1 2013 Founded Founded1
Filings
192 filings to the SEC since October 2021: 5 annual reports, 1 quarterly reports, 12 major events, 10 insider forms, 10 large holders, 1 private raises, 153 other. The latest 20:
Dec 3, 2025 15-12G EDGAR Nov 17, 2025 6-K EDGAR Oct 7, 2025 6-K EDGAR Sep 2, 2025 6-K EDGAR Aug 5, 2025 6-K EDGAR May 27, 2025 6-K EDGAR May 9, 2025 20-F EDGAR May 6, 2025 6-K EDGAR Apr 30, 2025 NT 20-F EDGAR Mar 21, 2025 6-K EDGAR Feb 10, 2025 6-K EDGAR Jan 8, 2025 6-K EDGAR Jan 8, 2025 6-K EDGAR Dec 31, 2024 6-K EDGAR Dec 30, 2024 6-K EDGAR Dec 17, 2024 6-K EDGAR Dec 16, 2024 424B5 EDGAR Dec 16, 2024 6-K EDGAR Dec 11, 2024 EFFECT EDGAR Dec 9, 2024 CORRESP EDGAR
The 192 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized . The full record is on SEC EDGAR.
Insider trades
7 open-market trades by officers, directors and large owners since October 2021: 7 buys and 0 sales. Grants, option exercises and gifts are left out.
Date Who Trade Shares Price Value Filing Nov 30, 2022 Randall Diana Elizabeth10% owner Buy 70,000 $5.00 $350.0K Form 4 Nov 30, 2022 Randall Mark Edward10% owner Buy 70,000 $5.00 $350.0K Form 4 Nov 30, 2022 Randall Kenneth Edward10% owner Buy 70,000 $5.00 $350.0K Form 4 Nov 30, 2022 Randall Mark Edward10% owner Buy 70,000 $5.00 $350.0K Form 4 Nov 30, 2022 Randall Kenneth Edward10% owner Buy 70,000 $5.00 $350.0K Form 4 Nov 30, 2022 Renaissance Capital Partners Ltd10% owner Buy 70,000 $5.00 $350.0K Form 4 May 24, 2022 Randall Kenneth Edward10% owner Buy 20,803 $1.15 $23.9K Form 4
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
ARMISTICE CAPITAL, LLC SC 13G/A, 3 filings Feb 14, 2023 to Nov 14, 2024 24 MEDINET Co., Ltd. SC 13G/A, 2 filings Jan 30, 2023 to Jan 29, 2024 25 Nipro SC 13G, 1 filing Feb 28, 2023 26 Renaissance Capital Partners Ltd SC 13D/A, 2 filings Apr 27, 2022 to Jan 11, 2023 27 Alta Partners LLC SC 13G, 1 filing Mar 17, 2022 28 Enterprise Scottish SC 13D, 1 filing Feb 22, 2022 29
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC,
federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA.
Each bar links to the records below.
Money received by year $7.3M 2022–2022Figures by year Year Private raises (Form D) Total 2022 $7.3M $7.3M
Private raises Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
Nov 30, 2022 Raised $7.3 million in a private offering of securities 11 Form D: 2 investors so far Form D
SEC filer profile
How TC Biopharm is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
Name on EDGAR TC BioPharm (Holdings) plc2 CIK 0001872812 Filer status Non-accelerated filer an emerging growth company; a shell company 6 Incorporated in X06 Fiscal year ends December 312 Industry code (SIC) 2836 Biological Products, (No Diagnostic Substances)2 SEC reviewing office Office of Life Sciences, Division of Corporation Finance2 Business address Maxim 1, 2 Parklands Way, Holytown, X0 ML1 4WR2 Phone 014143375572 Shares outstanding 1,991,478,441 shares as of Dec 31, 2024 6 Public float $3.1M as of Jun 30, 2023 30 Auditor Marcum LLP, New York, USA PCAOB ID 688 ; no auditor attestation of internal control over financial reporting6 On EDGAR since Jul 26, 20212 Filings 198 in all: 6-K (48), CORRESP (30), UPLOAD (13), 8-K (12), F-1/A (12), EFFECT (10), 424B4 (7), F-1 (7)2 All 39 form types 424B3 (6), 4 (5), SC 13G (4), 20-F (3), 3 (3), DRS (3), SC 13G/A (3), 4/A (2), DEF 14A (2), DRSLTR (2), F-1MEF (2), F-3 (2), NT 20-F (2), PRE 14A (2), SC 13D (2), 10-K (1), 10-K/A (1), 10-Q (1), 15-12G (1), 25-NSE (1), 424B1 (1), 424B5 (1), 8-A12B (1), CERT (1), D (1), DRS/A (1), F-3/A (1), POS EX (1), S-3 (1), S-3/A (1), SC 13D/A (1)
Latest filings Annual report (20-F) May 9, 2025 Quarterly report (10-Q) May 15, 2024 Proxy statement (DEF 14A) Jun 7, 2024 Latest 8-K (8-K) Jun 28, 2024