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Cash

£4.2M

-22.2% lowest in 3 filed years

Net assets

£14M

-1.6% lowest in 3 filed years

Employees

211

+1.9% highest in 3 filed years

Profit before tax

£21M

-6.4% vs 2024

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31

Metric Trend 2023-12-312024-12-312025-12-31 Δ vs prior
Turnover £52,107,000£52,767,000£53,700,000 +1.8%
Operating profit £10,915,000£11,728,000£11,186,000 -4.6%
Profit before tax £19,024,000£22,860,000£21,408,000 -6.4%
Net profit £16,272,000£19,866,000£18,517,000 -6.8%
Cash £5,621,000£5,460,000£4,249,000 -22.2%
Total assets less current liabilities £15,425,000£14,819,000£14,584,000 -1.6%
Net assets £15,169,000£14,535,000£14,302,000 -1.6%
Equity £15,169,000£14,535,000£14,302,000 -1.6%
Average employees 210207211 +1.9%
Wages £9,290,000£9,750,000£10,134,000 +3.9%
Directors' remuneration £353,000£390,000£483,000 +23.8%

Values shown as filed in the company's annual accounts. indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show . About these numbers

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2023-12-312024-12-312025-12-31
Operating margin 20.9%22.2%20.8%
Net margin 31.2%37.6%34.5%
Return on capital employed 70.8%79.1%76.7%
Gearing (liabilities / total assets) 39.7%37.9%
Current ratio 1.76x1.67x1.71x

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Audit & accounting basis

Accounting basis
FRS 102
Reporting scope
Standalone (parent only)
Auditor
PricewaterhouseCoopers LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The Directors have prepared cash flow forecasts for a period of 12 months from the date of approval of these financial statements. These forecasts, which incorporate reasonable possible downsides, reflect the latest view of the Company's markets, and indicate that the Company will have sufficient funds to meet its liabilities as they fall due for that period. The Directors have also forecast a severe but plausible downside scenario (of 25% reduction in order intake value from the baseline forecast) which demonstrate the company will be able to meet its liabilities as they fall due in this scenario. On this basis the directors have prepared these financial statements on a going concern basis and believe that the Company will continue in operational existence for the foreseeable future.”

Group structure

  1. VI - SPRING LIMITED · parent
    1. E S Kluft & Company Inc. 100% · USA
    2. Kluft Investments Limited 100% · Hong Kong · investment holding company
    3. Luxurious Sleep (Dongguan) Co. Ltd 49% · China · distributor of its parents' luxury bed brands
    4. Shanghai Vispring Luxury Beds Co. Ltd 51% · China

Significant events

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

6 active · 32 resigned

Name Role Appointed Born Nationality
CATOVSKY, Michael David Secretary 2017-10-27
CATOVSKY, Michael David Director 2017-09-13 Feb 1976 British
GILL, Martin Muir Director 2023-01-01 Nov 1969 British
GONZALEZ BETERE, Rafael Director 2005-12-15 Jan 1961 Spanish
MORENO, Angel Director 2005-12-15 Jul 1961 Spanish
RAUH, Alain Director 2008-02-14 Jun 1963 French
Show 32 resigned officers
Name Role Appointed Resigned
CHAPMAN, Christopher John Secretary 1996-12-16 2000-04-10
JOHNSON, Jane Secretary 2016-01-07 2017-10-27
MEEHAN, Michael Secretary 2000-10-06 2016-01-07
PARSONS, Graham John Secretary 1992-09-25
PERKINS, Michael William Secretary 2000-04-10 2000-10-06
STRATTON, Malcolm Secretary 1992-09-25 1996-12-16
BOND, Stanley David Director 2003-10-15 2005-04-08
BROWNLOW, Ian David Director 2001-07-30
DAVIES, Michael Thomas Director 2003-08-06 2006-12-18
DAVIES, Michael Thomas Director 1996-12-16 2000-10-06
EDWARDS, Mark John Director 1996-12-16 2000-10-06
ESPANA, Gerardo Director 2008-07-15 2022-12-31
GERETY, James Anthony Director 2012-02-20 2024-11-09
GODDARD, David Peter Director 1995-11-20 2000-10-06
GROOS, Johannes Director 2007-01-02 2012-10-31
HARDING, Ian Director 1993-06-29
HARRISON, Christopher Director 2006-11-06 2022-12-31
HARRISON, William Director 1999-04-30 2011-12-31
HILLS, Andrew James Director 1995-08-24
JOHNSON, Jane Susanne Director 2006-11-06 2017-10-27
LAY, Trevor Director 2016-01-07
LOYNES, David Guy William Director 1995-04-05
MANT, John Stuart Director 1999-04-30 2002-11-27
MCARTHUR, Frances Helen Director 2003-10-15 2006-03-24
MEEHAN, Michael Richard Director 1995-11-20 2022-12-31
MITCHELL, Darryl Alan Leslie Director 1994-11-01
MOULDER, Robert Arnold Director 1994-04-30
ORTIZ, Jose Maria Director 2005-12-15 2008-01-14
PROVEDA, Jose Luis Director 2005-12-15 2008-05-16
SIMPSON, Robert Dermott Director 2000-11-01 2003-08-06
WESTMINSTER SECURITIES LIMITED Corporate Director 1996-12-16
WILLIAMS MANAGEMENT SERVICES LIMITED Corporate Director 1996-12-16

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Flex Equipos De Descanso S.A. Corporate entity Shares 75–100% 2017-04-30 Ceased 2022-04-29

Filing timeline

Last 20 of 246 total filings

Date Type Category Description
2026-05-27 AA accounts Accounts with accounts type full
2026-05-01 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-04-30 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-04-17 AA accounts Accounts with accounts type full
2024-11-11 TM01 officers Termination director company with name termination date PDF
2024-04-30 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-04-08 AA accounts Accounts with accounts type full
2023-05-02 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-04-14 AA accounts Accounts with accounts type full
2023-01-04 AP01 officers Appoint person director company with name date PDF
2023-01-04 TM01 officers Termination director company with name termination date PDF
2023-01-04 TM01 officers Termination director company with name termination date PDF
2023-01-04 TM01 officers Termination director company with name termination date PDF
2022-05-03 PSC08 persons-with-significant-control Notification of a person with significant control statement PDF
2022-05-03 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-05-03 PSC07 persons-with-significant-control Cessation of a person with significant control PDF
2022-04-12 AA accounts Accounts with accounts type full
2021-04-30 AA accounts Accounts with accounts type full
2021-04-30 CS01 confirmation-statement Confirmation statement with updates PDF
2020-12-22 CH01 officers Change person director company with change date PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
2

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page