VPI IMMINGHAM B LIMITED
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Cash
£5.1m
+0.2% vs 2024
Net assets
-£21m
+1.4% vs 2024
Employees
—
Average over period
Profit before tax
£429k
+102.7% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Utilities median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | -£2,497,000 | -£15,893,000 | £491,000 | +103.1% | |
| Profit before tax | -£2,497,000 | -£15,991,000 | £429,000 | +102.7% | |
| Net profit | -£2,497,000 | -£18,564,000 | £296,000 | +101.6% | |
| Cash | £23,655,000 | £5,047,000 | £5,058,000 | +0.2% | |
| Total assets less current liabilities | £82,186,000 | -£15,898,000 | -£13,883,000 | +12.7% | |
| Net assets | -£2,500,000 | -£21,064,000 | -£20,768,000 | +1.4% | |
| Equity | -£2,500,000 | -£21,064,000 | -£20,768,000 | +1.4% | |
| Average employees | 0 | 0 | — | — | |
| Wages | — | — | — | — | |
| 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. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Return on capital employed | -3.0% | — | — | |
| Gearing (liabilities / total assets) | 102.7% | 117.4% | 114.7% | |
| Current ratio | 3.14x | 0.09x | 0.04x | |
| Interest cover | — | — | 7.92x |
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 101
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Therefore, the directors conclude there are no material uncertainties relating to events or conditions that may cast significant doubt over the ability for the Company to continue as a going concern and hold a reasonable expectation that the Company can continue to meet its obligations. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “The directors are aware of the political and economic matters that have arisen in the Middle East and the impact the conflict is having on the regional and global economy. The directors consider that the overall impact is difficult to fully assess in terms of duration and severity as the situation is still developing.”
- “Subsequent to the year end a contractual claim with the Company's 'EPC' (Engineering, Procurement and Construction) disclosed in the prior year financial statements was settled. As the claim was not settled by 30 April 2025, as outlined in the immediate parent undertaking's projects finance document, lender consent must be sought to amend the facility agreement. An amendment request has been submitted but until approval is received the project lenders have a right to declare £50.0m of the loan balance immediately due and payable.”
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 |
|---|---|---|---|---|
| BRIGGS, Jonathan Michael | Director | 2023-06-20 | Oct 1967 | British |
| HUGHES, Iwan Tudur | Director | 2026-03-18 | Jul 1980 | British |
| MAINO, Matteo Maria | Director | 2026-03-18 | Jun 1965 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ESSEX, Elizabeth Jane | Secretary | 2017-02-21 | 2025-01-30 |
| BRIGNALL, David, Mr. | Director | 2017-02-21 | 2023-06-20 |
| HALE, Simon Robert | Director | 2017-02-21 | 2022-12-16 |
| HAUXWELL, Philip | Director | 2022-12-20 | 2026-03-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Vpi Flex Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-04-03 | Active |
| Vpi Holding Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-02-21 | Ceased 2023-02-24 |
Filing timeline
Last 20 of 40 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-06-18 RESOLUTIONS Resolution
- 2024-06-18 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-17 | AA | accounts | Accounts with accounts type full | |
| 2026-03-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-18 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-18 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-29 | AA | accounts | Accounts with accounts type full | |
| 2025-02-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-06 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-01-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-11-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-03 | AA | accounts | Accounts with accounts type full | |
| 2024-06-18 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-18 | MA | incorporation | Memorandum articles | |
| 2024-02-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-16 | AA | accounts | Accounts with accounts type full | |
| 2023-09-04 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-04 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-03 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-04-03 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-04-03 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 1
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.