VAULTEX UK 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

  -4.4%

  £93,549,000 → £89,450,000

• Cash

  +52.3%

  £3,790,000 → £5,772,000

• Net assets

  +1.5%

  £13,713,000 → £13,916,000

• Employees

  -5.6%

  1,202 → 1,135

• Operating profit

  -14.2%

  £10,293,000 → £8,828,000

• Profit before tax

  0%

  £1,500,000 → £1,500,000

• Wages

  -5.3%

  £39,579,000 → £37,466,000

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. VAULTEX UK LIMITED 2007-10-30 → present
2. HAWTHORN CASH MANAGEMENT LIMITED 2007-08-30 → 2007-10-30

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company has a clear view of the longer-term cash industry volumes and have aligned financial forecasts appropriately. The directors (after having taken into consideration the reliance placed on the shareholder banks for their continued support, business and funding as outlined in the Cash Services Agreements in place with each of them) have reasonable expectations that the business will continue to operate as a going concern for the foreseeable future so have adopted this basis when preparing these accounts. The Cash Services Agreements have, been renegotiated for a period of three years and are now in place until at least 31st January 2027.”

Significant events

• “Revenue decreased due to the transition away from offering Managed Services and continued focus on cost efficiencies.”
• “Cash volumes declined in the year by 4.0% due to reductions in Shareholder Bank branch volumes.”
• “The Company continues to consolidate its market position through high retention of its current Shareholder bank customers and seeks to increase market share through new business acquisition.”
• “The shareholder banks long-term investment in the on-going project to replace the Cash Centre System (CCS) completed during the year.”
• “Implementation of the new Bank of England Oversight Regime for Wholesale Cash Distribution (Company formally recognised in June this year).”
• “Decision to apply to the Bank of England in June for NCS status at Kilmarnock, estimated to go live in March 2026.”
• “Energy efficiency initiatives undertaken, including replacement of air conditioning units, chiller unit, and gas heaters.”
• “CSR team implemented several waste trial initiatives with a focus on reducing incineration and landfill.”

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

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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