UK Toremet Limited

Analysis

UK Toremet Limited is a registered charity in England and Wales, based in Hertfordshire. It was registered in March 2011, 15 years ago. Its declared purposes cover general charitable purposes, education/training, the advancement of health or saving of lives and disability, which this site groups under health and saving lives. Legally it is a charitable company (Companies House number 07278312). It says it makes grants to individuals, makes grants to organisations and provides services.

In the financial year ending March 2025, UK Toremet Limited reported income of £2.7m and spending of £2.5m, spending 94% of its income. Across the 5 years on record, from March 2021 to March 2025, income fell from £5.2m to £2.7m (-48%), an average of -15% a year. The sharpest change came in the year to March 2024, when income rose by 199%. Over the whole period it spent 95% of the income it received.

Among 24,651 England and Wales charities whose main cause is health and saving lives and that reported income, UK Toremet Limited sits at the 94th percentile: it is larger than about 94% of them. Against every charity in England and Wales with reported income it ranks in the 97th percentile. Charities of a similar size with the same main cause include The Montfort Missionary Society (£2.7m), Foundation of the Society of Retina Specialists (£2.7m) and Medical Schools Council (£2.7m).

In its latest detailed accounts, income came from donations and legacies 100%. Charitable activities took 100% of spending and raising funds 0.0%. Grants to other organisations totalled £2.2m. Reserves of £1.1m would cover about 5 months of spending at that rate. It employed 3 people.