VIX AFC LIMITED

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +0.2%

  £62,343,575 → £62,465,426

• Cash

  -21.4%

  £2,933,393 → £2,306,197

• Net assets

  -14%

  £28,628,990 → £24,610,899

• Employees

  -8.1%

  372 → 342

  lowest in 3 filed years

• Operating profit

  -15.8%

  -£5,934,066 → -£6,873,739

• Profit before tax

  -15.7%

  -£6,256,261 → -£7,241,534

• Wages

  -10.8%

  £25,359,946 → £22,617,179

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.

1. VIX AFC LIMITED 2015-11-11 → present
2. VIX TECHNOLOGY (UK) LIMITED 2010-11-01 → 2015-11-11
3. ERG TRANSIT SYSTEMS (UK) LTD 1999-05-27 → 2010-11-01
4. AES PRODATA (UK) LIMITED 1994-09-01 → 1999-05-27
5. ERG ELECTRONICS (U.K.) LIMITED 1993-11-29 → 1994-09-01
6. AES SCANPOINT (UK) LIMITED 1992-07-13 → 1993-11-29
7. SCANPOINT TECHNOLOGY LIMITED 1991-09-26 → 1992-07-13

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

UHY Hacker Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Accordingly, the Directors believe there are sufficient internal controls in place, and with the continued support of shareholders, the Group is well-positioned to invest in and grow the business as it enters a new phase of profitability. Therefore, the Directors are confident that adopting the going concern basis is appropriate and that the Group will be able to continue trading for at least twelve months from the date of the financial report.”

Group structure

1. VIX AFC LIMITED · parent
   1. Vix Technology (Scandinavia) AB 100% · Sweden
   2. Vix Technology (Norway) AS 100% · Norway
   3. Vix Technology (Belgium) NV 100% · Belgium
   4. Vix Tech (France) SA 100% · France
   5. Vix Technology UK Ltd 100% · United Kingdom
   6. MyBus Germany 100% · Germany
   7. MyBus Iberia S.L 100% · Spain
   8. Vix AFC (Sing) Pte Ltd 100% · Singapore
   9. Vix Mobility Pty Ltd 100% · Australia
   10. Vix Transportation Systems Pty Ltd 100% · Australia
   11. Vix Technology (Aust) Pty Ltd 100% · Australia
   12. Vix Holdings Pty Ltd 100% · Australia
   13. Vix Engineering Pty Ltd 100% · Australia
   14. Vix IP Pty Ltd 100% · Australia
   15. Vix Technology (USA) Ltd 100% · United States
   16. Vix Technology (East Asia) Ltd 100% · Hong Kong SAR
   17. Vix Technology (Bangkok) Co., Ltd 100% · Thailand
   18. Bangkok Payment Solutions Company Limited 30% · Thailand
   19. Vix Technology (Malaysia) Sdn Bhd 100% · Malaysia

Significant events

• “Aaron Ross was appointed Group CEO during FY24, with a mandate to strengthen operational efficiency and commercial execution.”
• “The Brussels project was successfully transitioned into full operations during the year.”
• “Multiple phases of the Phoenix project were delivered, with full implementation expected in the first quarter of FY26.”
• “The final phase of open payments for Edmonton is also scheduled for delivery in FY26.”
• “In the UK, the integration of Pulse and Whisper for Known-Fare solutions was completed for Manchester following the year end, with open payments going live in March 2025.”
• “Revenue also began to flow from new offerings including next-generation Rail Gates, which were adopted by major clients Transport for Wales and Merseyrail.”
• “Vix successfully launched the Beacon ITS platform during the year and continues to invest in its development and enhancement as a next-generation Intelligent Transportation System.”
• “On 30 June 2023, the Group transferred Vix Technology Italia Srl, an ultimate subsidiary of Vix AFC Limited, for consideration of $3.2m, resulting in a profit on disposal before income tax of $584k to a related party (Kuba Group).”
• “On 31 August 2023, Vix Technology UK Ltd (100% subsidiary of Vix AFC Limited) acquired 100% of the issued share capital of MyBus GmbH and its 100% subsidiary myBus Iberia SL, a Barcelona-based transit SaaS provider.”
• “The investment in Vix Technology (East Asia) Ltd was fully impaired during the financial year, as the region's operations were largely closed or transitioned to other parts of the Group.”

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

Filings

7

last 12 months

Capital events

1

last 24 months

Officers appointed

1

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.