VISION ENGINEERING LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -11.6%

  £37,349,892 → £33,010,774

• Cash

  -31.8%

  £10,469,387 → £7,136,304

• Net assets

  -11.3%

  £43,421,751 → £38,525,561

• Employees

  +7.3%

  220 → 236

• Operating profit

  -394.9%

  £1,230,751 → -£3,628,971

• Profit before tax

  -363.1%

  £1,303,272 → -£3,428,641

• Wages

  +2.7%

  £13,070,509 → £13,428,518

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Azets Audit Services Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. VISION ENGINEERING LIMITED · parent
   1. Nippon Vision Engineering 90% · Japan
   2. Vision Engineering Inc 100% · United States of America
   3. Milturn Limited 100% · United Kingdom
   4. Milturn (Precision Engineers) Limited 100% · United Kingdom
   5. VE Quality Instrumentation Private Limited 100% · United Kingdom

Significant events

• “A key factor slowing global growth during the year was the general tightening of monetary policy, driven by high inflation. Weak business sentiment and cautious spending by business contributed to a subdued economic environment. Furthermore, geopolitical tension caused disruptions in supply chains, affecting trade and economic growth. Surges in imports were driven by companies trying to stock up on goods before the imposition of tariffs by the Trump Administration. The ongoing wars in Ukraine and Gaza significantly impacted economies creating instability in the regions, mounting debt and population displacement.”
• “The Board made a conscious decision to avoid cost cutting which would affect core capabilities and be very difficult to regain, when the global situation improves. Savings were made through natural wastage, stock and supplier control. The Board was clear that this would result in a controlled loss position.”
• “VE Engineering SE Asia Pte. Ltd was established in Singapore during the financial year to facilitate increased sales into the region. Vision Engineering will seek opportunities to expand further within Asia.”

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

Filings

6

last 12 months

Capital events

2

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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