Strong results for Sciontec Developments Ltd as latest accounts reveal increases in turnover, profit and property investment value. Tony McDonough reports
Sciontec Developments Limited (Sciontec), a spin-out from Knowledge Quarter Liverpool (KQ Liverpool), has reported an increase in turnover across both its own operations and those of its subsidiary, Liverpool Science Park (LSP), for the 2024 financial year.
A partnership between Liverpool City Council, Liverpool John Moores University, the University of Liverpool, and Bruntwood SciTech, Sciontec’s total turnover for both companies reached £3.4m (2023: £3.3m) with its pre-tax ‘group’ profits totalling £331,000 (2023: £131,000).
The company’s property investment value also grew from £13.8 million in 2023 to £15.5 million in 2024, reflecting the ongoing success of its asset management and development strategy.
In March Sciontec unveiled plans for HEMISPHERE Two, a second build at its site adjacent to The Spine in Liverpool’s Paddington Village.
HEMISPHERE Two will offer additional office and laboratory space following the successful take-up of around 75,000 sq ft of space at its flagship development site HEMISPHERE One.
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Sciontec anticipates continued growth in both turnover and profitability, following the transfer of ownership of Sensor City Liverpool Limited, relaunched as CENTRAL TECH earlier this year.
Chair of Sciontec and Vice-Chancellor at LJMU, Professor Mark Power, said: “This is another impressive set of results for Sciontec, which is still a relatively new business.
“Liverpool Science Park is thriving and the transformation of Sensor City into CENTRAL TECH is proving to be a great success, with further exciting plans to be announced in the coming year.”
On Thursday, Sciontec was named Developer of the Year for the second time at the Insider Media Liverpool City Region Property Awards.
CEO of Sciontec and KQ Liverpool, Colin Sinclair, added: “Our team works tirelessly to create and maintain the perfect environment for businesses to grow. From the one person tech start-up to the multinational life sciences company.
“Even in a tough economic climate there is opportunity – for both us and for our customers – and together we are transforming the commercial property landscape in Liverpool, making it a better place to work, start up, scale up and run a business.
“As we head into 2026 we are bringing forward even more exciting plans, including our new office and lab development, HEMISPHERE on Paddington Village, which includes much needed new bio labs.”