VISOR COMMERCE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-04 (in 4mo)
Last made up 2025-08-21
Watchouts
None on the register
Cash
£21M
Latest balance sheet
Net assets
£3M
Equity attributable
Employees
93
Average over period
Profit before tax
-£875K
Period ending 2024-12-31
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £21,567,592 | £20,087,939 | |
| Operating profit | -£9,004,484 | -£1,484,306 | |
| Profit before tax | -£8,725,073 | -£875,266 | |
| Net profit | -£7,667,465 | -£607,258 | |
| Cash | £16,985,978 | £21,170,335 | |
| Total assets less current liabilities | £2,606,856 | £3,454,899 | |
| Net assets | £2,178,572 | £2,674,775 | |
| Equity | £2,178,572 | £2,674,775 | |
| Average employees | 106 | 93 | |
| Wages | £8,083,161 | £4,962,262 | |
| Directors' remuneration | £573,119 | £354,178 |
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 2024-12-31 vs 2023-12-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -41.8% | -7.4% | |
| Net margin | -35.6% | -3.0% | |
| Return on capital employed | -345.4% | -43.0% | |
| Current ratio | 1.14x | 1.17x | |
| Interest cover | -874.99x | -1245.22x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis which assumes the Group will continue to operate for the foreseeable future and be able to meet its liabilities as they fall due.”
Group structure
- VISOR COMMERCE LIMITED · parent
- OnBuy Ltd 100%
- OnBuy (EU) Limited 100%
- OnBuy, Inc. 100%
Significant events
- “The business completed its migration to the cloud in Q1”
- “In February 2024, shares from a £1.2m net equity investment were issued.”
- “In 2024, to facilitate international expansion, the business separated out its platform development and trading functions into separate legal entities. In April 2024, OnBuy Ltd was incorporated as a subsidiary of Visor Commerce Ltd. OnBuy Ltd was formed to serve the UK market. In May 2024 OnBuy (EU) Limited was incorporated in Ireland as a subsidiary of Visor Commerce Ltd to serve the European market.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PATON, Cassion Lloyd Munro | Director | 2014-06-30 | Oct 1984 | British |
| PEARSON, Mark Alan | Director | 2020-02-03 | Apr 1980 | British |
| WATTS, James Andrew | Director | 2021-05-17 | Oct 1985 | English |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CODY-BOUTCHER, Aron | Director | 2021-05-17 | 2021-11-15 |
| HALLUMS, Shawn Michael | Director | 2014-06-30 | 2021-05-17 |
| LISTER, Mark | Director | 2021-05-17 | 2022-10-20 |
| PATON, Elizabeth Zoe | Director | 2014-06-30 | 2016-01-13 |
| STEVENSON, Jason Craig | Director | 2014-06-30 | 2021-05-17 |
| WILKINS, Daniel Robert | Director | 2014-06-30 | 2021-05-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Cassion Lloyd Munro Paton | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 93 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-03-12 RESOLUTIONS Resolution
- 2024-03-01 MA Memorandum articles
- 2024-01-19 RESOLUTIONS Resolution
- 2024-01-19 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-10 | AA | accounts | Accounts with accounts type group | |
| 2025-09-01 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-28 | CH01 | officers | Change person director company with change date | |
| 2025-08-12 | SH01 | capital | Capital allotment shares | |
| 2025-01-15 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-12-16 | SH01 | capital | Capital allotment shares | |
| 2024-11-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-07 | SH01 | capital | Capital allotment shares | |
| 2024-08-06 | SH01 | capital | Capital allotment shares | |
| 2024-07-31 | AA | accounts | Accounts with accounts type full | |
| 2024-03-12 | RESOLUTIONS | resolution | Resolution | |
| 2024-03-01 | MA | incorporation | Memorandum articles | |
| 2024-02-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-02-26 | SH01 | capital | Capital allotment shares | |
| 2024-02-05 | SH01 | capital | Capital allotment shares | |
| 2024-01-19 | RESOLUTIONS | resolution | Resolution | |
| 2024-01-19 | RESOLUTIONS | resolution | Resolution | |
| 2023-11-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-31 | SH01 | capital | Capital allotment shares | |
| 2023-10-19 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 4
- 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.