GRANDVISION TECH CENTRE UK LIMITED
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Cash
—
Latest balance sheet
Net assets
£997k
+241.4% vs 2024
Employees
267
-4% vs 2024
Profit before tax
£1m
-50% vs 2024
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £15,303,000 | £14,728,000 | -3.8% | |
| Operating profit | £2,171,000 | £1,051,000 | -51.6% | |
| Profit before tax | £2,020,000 | £1,009,000 | -50% | |
| Net profit | £1,598,000 | £705,000 | -55.9% | |
| Cash | — | — | — | |
| Total assets less current liabilities | £303,000 | £1,153,000 | +280.5% | |
| Net assets | £292,000 | £997,000 | +241.4% | |
| Equity | £292,000 | £997,000 | +241.4% | |
| Average employees | 278 | 267 | -4% | |
| Wages | £8,581,000 | £9,326,000 | +8.7% | |
| Directors' remuneration | £17,000 | £25,000 | +47.1% |
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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | 14.2% | 7.1% | |
| Net margin | 10.4% | 4.8% | |
| Return on capital employed | 716.5% | 91.2% | |
| Gearing (liabilities / total assets) | 93.5% | 77.4% | |
| Current ratio | 0.75x | 0.89x | |
| Interest cover | 14.38x | 25.02x |
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.
Name history
Renamed 1 time since incorporation
- GRANDVISION TECH CENTRE UK LIMITED 2015-05-11 → present
- CENTRAL LAB V.E. LIMITED 1999-04-08 → 2015-05-11
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Despite having net current liabilities at the year end, the financial statements have been prepared on the going concern basis on the grounds that the directors of EssilorLuxottica have confirmed their continued support for the period to 30 September 2027.”
Significant events
- “In 2025, the directors reviewed for appropriateness the classification of certain salary costs within the Statement of comprehensive income. As a result of this review, wages and salaries for a significant proportion of the employees of the company... were reclassified to cost of sales”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ABBEYFIELD VE LIMITED | Corporate Secretary | 1999-04-08 | — | — |
| COTON, Nicholas David | Director | 2019-04-29 | Apr 1982 | British |
| D'AGOSTINO, Antonio | Director | 2025-03-01 | May 1983 | Italian |
| ABBEYFIELD VE LIMITED | Corporate Director | 1999-04-08 | — | — |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HART, David | Director | 2013-04-07 | 2014-05-06 |
| MASON, Stephen Barry | Director | 1999-05-01 | 2013-01-04 |
| MCGHEE, Daniel | Director | 2023-04-13 | 2025-02-28 |
| MCGOWAN, Neil Edward Paul | Director | 2014-05-06 | 2019-04-06 |
| LINKMEL V.E. LIMITED | Corporate Director | 1999-04-08 | 2023-04-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Abbeyfield V.E. Limited | Corporate entity | Shares 50–75%, Voting 50–75% | 2016-04-06 | Ceased 2016-04-06 |
| Vision Express (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 92 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-28 | AA | accounts | Accounts with accounts type full | |
| 2026-04-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-02 | AA | accounts | Accounts with accounts type full | |
| 2025-04-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-28 | AA | accounts | Accounts with accounts type full | |
| 2024-04-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-06 | AA | accounts | Accounts with accounts type full | |
| 2023-07-12 | AD02 | address | Change sail address company with old address new address | |
| 2023-07-11 | AD04 | address | Move registers to registered office company with new address | |
| 2023-07-11 | AD03 | address | Move registers to sail company with new address | |
| 2023-05-15 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-15 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-05-04 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-10-01 | AA | accounts | Accounts with accounts type full | |
| 2022-04-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-19 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.