VECTONE INVESTMENT HOLDING LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-24
Confirmation statement due
2026-09-30 (in 4mo)
Last made up 2025-09-16
Watchouts
Cash
£96K
+1,213.8% vs 2023
Net assets
-£24M
+1.4% vs 2023
Employees
110
-23.6% lowest in 4 filed years
Profit before tax
-£545K
+89.7% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
We draw attention to note of going concern in the financial statements, which indicates that the group has incurred a net loss of £545,233 before taxation (2023: £5,306,989) and has net liability position of £23,646,551 (2023: £23,977,935) As stated in note of going concern, these events or conditions, along with the other matters as set forth in note of going concern, indicate that a material uncertainty exists that may cast significant doubt on the Group's or the parent Company's ability to continue as going concern. Our opinion is not modified in respect of this matter.
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
7-year trend · vs Telecommunications median
Accounts
7-year trend · latest reflected 2024-12-24
| Metric | Trend | 2019-01-01 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-24 | 2023-12-24 | 2024-12-24 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £3,250,785 | £1,759,454 | |
| Operating profit | — | — | — | — | — | -£3,501,242 | -£522,452 | |
| Profit before tax | — | — | — | — | — | -£5,306,989 | -£545,233 | |
| Net profit | — | — | — | £788,900 | — | -£5,306,831 | £238,024 | |
| Cash | — | — | £5,613,183 | £2,922 | £171,561 | £7,344 | £96,488 | |
| Total assets less current liabilities | — | — | -£9,235,994 | -£8,447,094 | — | -£23,595,327 | -£23,368,305 | |
| Net assets | — | — | — | — | — | -£23,977,935 | -£23,646,551 | |
| Equity | -£8,474,270 | -£9,682,663 | -£9,235,994 | -£8,447,094 | -£22,672,004 | -£23,977,935 | -£23,646,551 | |
| Average employees | — | — | 216 | 186 | — | 144 | 110 | |
| Wages | — | — | — | — | — | £2,011,305 | £1,238,495 | |
| Directors' remuneration | — | — | — | — | — | — | — |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-24 vs 2023-12-24
-
Turnover
-45.9%
£3,250,785 £1,759,454
-
Cash
+1,213.8%
£7,344 £96,488
-
Net assets
+1.4%
-£23,977,935 -£23,646,551
-
Employees
-23.6%
144 110
lowest in 4 filed years
-
Operating profit
+85.1%
-£3,501,242 -£522,452
-
Profit before tax
+89.7%
-£5,306,989 -£545,233
-
Wages
-38.4%
£2,011,305 £1,238,495
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-01-01 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-24 | 2023-12-24 | 2024-12-24 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | -107.7% | -29.7% | |
| Net margin | — | — | — | — | — | -163.2% | 13.5% | |
| Return on capital employed | — | — | — | — | — | 14.8% | 2.2% | |
| Current ratio | — | — | — | — | — | 0.07x | 0.08x | |
| Interest cover | — | — | — | — | — | -107.96x | -14.98x |
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 3 times since incorporation
- VECTONE INVESTMENT HOLDING LIMITED 2017-03-23 → present
- MUNDIO INVESTMENT HOLDING LIMITED 2007-03-26 → 2017-03-23
- MUNDIO LIMITED 2005-08-09 → 2007-03-26
- SCIENCE SERVICES LIMITED 2005-07-12 → 2005-08-09
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Arnold Hill & Co LLP
- Audit opinion
- Qualified
- Going concern
- Material uncertainty disclosed
“We draw attention to note of going concern in the financial statements, which indicates that the group has incurred a net loss of £545,233 before taxation (2023: £5,306,989) and has net liability position of £23,646,551 (2023: £23,977,935) As stated in note of going concern, these events or conditions, along with the other matters as set forth in note of going concern, indicate that a material uncertainty exists that may cast significant doubt on the Group's or the parent Company's ability to continue as going concern. Our opinion is not modified in respect of this matter.”
Group structure
- VECTONE INVESTMENT HOLDING LIMITED · parent
- Vectone Mobile Holding Ltd 100%
- Vectone Mobile Ltd 100%
- Vectone Network Ltd 100%
- Chillitalk Ltd 100%
- Vectone Mobile Austria Ltd 100%
- Vectone Holding Ltd 100%
- Vectone Ltd 100%
- Vectone Network Services Ltd 100%
- Worktual Ltd 100%
- Vectone Mobile Spain Ltd 100%
- Vectone Distribution GmbH 100%
- Vectone Mobile SAS 100%
- Vectone Distribution SAS 100%
- Vectone Mobile Belgium Sprl 100%
- Vectone Network SL 100%
- Vectone Solutions Pvt Ltd 100%
- Worktual Innovations Pvt Ltd 100%
Significant events
- “In 2024, the Group continued to reshape its strategy, moving beyond its historic reliance on MVNO operations and accelerating its position in the digital communications and enterprise technology market. The Group has made progress in discussions with network operators in the UK and Austria, laying the groundwork for future partnerships, while in Belgium and Spain contractual arrangements have been secured, with commercial launches planned in due course. These initiatives will allow the Group to re-enter telecom operations in a more sustainable and strategically aligned way. The primary focus of the Group is now its Worktual platform, which has launched successfully and is gaining traction. Worktual offers Unified Communications, Contact Centre, and CRM solutions, underpirned by AI-driven products such as advanced enterprise chatbots and intelligent automation tools. These solutions are already creating momentum with clients and establishing Worktual as a key growth driver for the Group.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALLIRAJAH, Baskaran | Director | 2017-12-26 | Aug 1966 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BALASINGHAM, Rajshankar | Secretary | 2006-03-16 | 2006-06-03 |
| BULL, Gordon Anthony | Secretary | 2012-06-25 | 2012-12-31 |
| GALVE, Miguel | Secretary | 2005-07-27 | 2006-03-16 |
| LIEBE-MUNOZ, Guy | Secretary | 2006-12-07 | 2009-09-22 |
| WIJERATHANE, Janaki | Secretary | 2006-06-03 | 2006-12-07 |
| INCORPORATE SECRETARIAT LIMITED | Corporate Nominee Secretary | 2005-07-12 | 2005-07-27 |
| ALLIRAJAH, Baskaran | Director | 2007-03-08 | 2013-10-23 |
| ALLIRAJAH, Baskaran | Director | 2005-07-27 | 2006-04-05 |
| DE COSTA, Anne Shanthini | Director | 2006-04-05 | 2007-03-08 |
| SUBRAMANIAM, Loganathan | Director | 2014-12-01 | 2017-12-26 |
| WICAKSONO, Andoko | Director | 2013-10-23 | 2016-08-24 |
| INCORPORATE DIRECTORS LIMITED | Corporate Nominee Director | 2005-07-12 | 2005-07-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Baskaran Allirajah | Individual | Significant influence | 2016-09-15 | Active |
Filing timeline
Last 20 of 106 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-29 | AA01 | accounts | Change account reference date company current extended | |
| 2025-09-26 | AA | accounts | Accounts with accounts type group | |
| 2025-09-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-03 | AA | accounts | Accounts with accounts type group | |
| 2025-01-27 | AA | accounts | Accounts with accounts type group | |
| 2024-10-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-25 | AA01 | accounts | Change account reference date company current shortened | |
| 2023-11-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-26 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-04-14 | AA | accounts | Accounts with accounts type group | |
| 2022-12-23 | AA01 | accounts | Change account reference date company previous shortened | |
| 2022-09-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-29 | AA | accounts | Accounts with accounts type group | |
| 2021-12-28 | AA01 | accounts | Change account reference date company current shortened | |
| 2021-09-29 | AA01 | accounts | Change account reference date company previous shortened | |
| 2021-09-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-29 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-04-22 | AA | accounts | Accounts with accounts type group | |
| 2021-01-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-12-30 | AA01 | accounts | Change account reference date company current shortened |
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.