VIRTUSLAB LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-18 (in 11mo)
Last made up 2026-04-04
Watchouts
None on the register
Cash
£714K
-33.6% vs 2023
Net assets
£7M
+6.4% highest in 4 filed years
Employees
126
-16.6% vs 2023
Profit before tax
£669K
+1,379.2% vs 2023
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-09-30 | 2021-09-30 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £25,577,156 | £26,541,111 | |
| Operating profit | — | — | — | — | £610,045 | £1,265,416 | |
| Profit before tax | — | — | — | — | £45,236 | £669,147 | |
| Net profit | — | — | — | — | -£159,618 | £360,767 | |
| Cash | £855,024 | £94,975 | — | — | £1,075,597 | £713,814 | |
| Total assets less current liabilities | £286,066 | £319,110 | — | — | £13,242,243 | £12,207,501 | |
| Net assets | £286,066 | £116,942 | — | — | £6,898,452 | £7,342,358 | |
| Equity | £286,066 | £116,942 | £2,257,495 | £2,408,972 | £6,898,452 | £7,342,358 | |
| Average employees | 1 | 1 | — | — | 151 | 126 | |
| Wages | — | — | — | — | £4,175,006 | £3,921,405 | |
| Directors' remuneration | — | — | — | — | £136,096 | £165,027 |
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
-
Turnover
+3.8%
£25,577,156 £26,541,111
-
Cash
-33.6%
£1,075,597 £713,814
-
Net assets
+6.4%
£6,898,452 £7,342,358
highest in 4 filed years
-
Employees
-16.6%
151 126
-
Operating profit
+107.4%
£610,045 £1,265,416
-
Profit before tax
+1,379.2%
£45,236 £669,147
-
Wages
-6.1%
£4,175,006 £3,921,405
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 | 2020-09-30 | 2021-09-30 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 2.4% | 4.8% | |
| Net margin | — | — | — | — | -0.6% | 1.4% | |
| Return on capital employed | — | — | — | — | 4.6% | 10.4% | |
| Current ratio | — | — | — | — | 1.08x | 1.14x | |
| Interest cover | — | — | — | — | 1.07x | 2.09x |
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
- Champion Accountants LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. The group therefore continues to adopt the going concern basis in preparing its financial statements.”
Group structure
- VIRTUSLAB LTD · parent
- Virtuslab Sp. z o.o. 100%
- Virtuslab Gmbh 100%
- Sensinum Sp. z o.o. 100%
- SoftwareMill Sp. z o.o. 100%
- Reasonfield Lab Sp. z o.o. 100%
Significant events
- “At the end of first quarter of 2023 the Group acquired a new company, SoftwareMill Group (Poland) which became a subsidiary of Virtuslab Sp. z o.o. This was a strategic acquisition to increase the Group's position on the market especially in the area of Scala development language.”
- “Due to the dampened economic environment in 2023 and significant investments Virtuslab failed to meet its covenant obligations under the loan agreement. In April 2024, Virtuslab received an official waiver letter from ING in which the bank agreed not to enforce the rights it has under the Finance Documents. In 2024 the Group failed to meet covenant obligations in one quarter but at the end of the year they were met again and based on the current forecast the Group expects to meet covenants in following periods. In 2025, Virtuslab received an official waiver letter from ING in which the bank agreed not to enforce the rights it has under the Finance Documents.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MICHELMORES SECRETARIES LIMITED | Corporate Secretary | 2022-04-08 | — | — |
| FLUECKIGER, Daniel Pascal | Director | 2021-12-28 | Feb 1985 | Swiss |
| POKRYWKA, Rafal Piotr | Director | 2015-09-24 | Jun 1981 | Polish |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GREENBERG, Annabel Lee | Director | 2022-10-20 | 2023-07-13 |
| LA RUFFA, Vincenzo | Director | 2023-07-13 | 2024-05-14 |
| ORZECHOWSKI, Tomasz, Dr | Director | 2021-12-28 | 2022-04-06 |
| PAPPALARDO, Joseph Glen | Director | 2021-12-28 | 2022-10-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Aq Sphere Midco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-12-28 | Active |
| Mr Rafal Piotr Pokrywka | Individual | right-to-appoint-and-remove-directors-as-firm, Significant influence | 2016-09-01 | Ceased 2021-12-28 |
Filing timeline
Last 20 of 52 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-04-18 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-08 | AA | accounts | Accounts with accounts type group | |
| 2025-04-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-07 | AA | accounts | Accounts with accounts type group | |
| 2024-06-23 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-12 | AA | accounts | Accounts with accounts type group | |
| 2023-11-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-29 | CH01 | officers | Change person director company with change date | |
| 2023-11-29 | CH01 | officers | Change person director company with change date | |
| 2023-09-11 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2023-08-22 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-24 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2023-07-18 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-07-08 | AAMD | accounts | Accounts amended with accounts type total exemption full | |
| 2023-04-18 | RESOLUTIONS | resolution | Resolution | |
| 2023-04-04 | SH01 | capital | Capital allotment shares | |
| 2023-03-31 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-11-23 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.