VCG TECHNOLOGY SERVICES 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

  -28.6%

  £29,380,521 → £20,980,894

  lowest in 4 filed years

• Cash

  -68.7%

  £2,167,270 → £677,591

  lowest in 4 filed years

• Net assets

  +14.7%

  £2,226,441 → £2,553,159

  highest in 4 filed years

• Employees

  -11.5%

  113 → 100

  lowest in 4 filed years

• Operating profit

  -14.6%

  £654,459 → £558,712

  first positive since 2022

• Profit before tax

  -16.4%

  £722,346 → £603,959

  first positive since 2022

• Wages

  -12.6%

  £5,820,662 → £5,089,716

  lowest in 4 filed years

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. VCG TECHNOLOGY SERVICES LIMITED 2021-04-01 → present
2. VODAT INTERNATIONAL LIMITED 2002-02-25 → 2021-04-01

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Hurst Accountants 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 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.”

Significant events

• “In a change to the Senior Leadership Team, the Sales Director has left the business, and this had led to a full review of the Sales function and go-to market strategy. The Company have now appointed a Chief Revenue Officer with clear objectives to achieve current revenue forecasts and deliver future growth.”
• “Recruitment has been strategically evaluated during the year. A number of roles have not been directly replaced following attrition, rather evaluating where best to deploy headcount to maximise the benefit to the Company and its customers.”

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

Filings

3

last 12 months

Capital events

0

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.