VAPE SUPPLIER LIMITED
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-09-30
Confirmation statement due
2027-04-09 (in 11mo)
Last made up 2026-03-26
Watchouts
Cash
£1M
+36.5% highest in 6 filed years
Net assets
£7M
+68.7% highest in 6 filed years
Employees
245
+113% highest in 6 filed years
Profit before tax
£4M
-10.7% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2024-09-30
| Metric | Trend | 2019-09-30 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £148,650,152 | £224,708,247 | |
| Operating profit | — | — | — | — | £4,219,340 | £3,841,787 | |
| Profit before tax | — | — | — | — | £4,202,284 | £3,751,669 | |
| Net profit | — | — | — | — | £3,229,475 | £2,813,305 | |
| Cash | £58,998 | £260,672 | £73,588 | £146,352 | £899,900 | £1,228,043 | |
| Total assets less current liabilities | £424,708 | £608,139 | £847,724 | £870,417 | £4,128,477 | £6,968,063 | |
| Net assets | £419,689 | £603,377 | £843,505 | £866,198 | £4,095,673 | £6,908,978 | |
| Equity | £419,689 | £603,377 | £843,505 | £866,198 | £4,095,673 | £6,908,978 | |
| Average employees | 8 | 11 | 19 | 46 | 115 | 245 | |
| Wages | — | — | — | — | £3,156,557 | £6,406,858 | |
| 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 2024-09-30 vs 2023-09-30
-
Turnover
+51.2%
£148,650,152 £224,708,247
-
Cash
+36.5%
£899,900 £1,228,043
highest in 6 filed years
-
Net assets
+68.7%
£4,095,673 £6,908,978
highest in 6 filed years
-
Employees
+113%
115 245
highest in 6 filed years
-
Operating profit
-8.9%
£4,219,340 £3,841,787
-
Profit before tax
-10.7%
£4,202,284 £3,751,669
-
Wages
+103%
£3,156,557 £6,406,858
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 | 2019-09-30 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 2.8% | 1.7% | |
| Net margin | — | — | — | — | 2.2% | 1.3% | |
| Return on capital employed | — | — | — | — | 102.2% | 55.1% | |
| Current ratio | — | — | — | — | 1.40x | 1.21x | |
| Interest cover | — | — | — | — | 247.38x | 42.63x |
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
- Standalone (parent only)
- Auditor
- RMY Clements Limited
- Audit opinion
- Qualified
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “The UK government has announced a ban on single-use (disposable) vapes, effective from 1 June 2025, making it illegal for retailers to sell or supply disposable vapes. This presents uncertainty for VSL's product mix, future demand, inventory risk and shifts in consumption patterns.”
- “The UK government anticipates imposing a vaping duty from October 2026, which may increase prices to consumers and reduce demand.”
- “Preparation for the disposable vape ban (June 2025) via product line adjustments, retailer education, and inventory risk management.”
- “Scenario planning for vape duty implementation from 2026, including cost pass-through strategies, margin sensitivity modelling, and price elasticity analysis.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BELLE, Jade | Secretary | 2020-10-13 | — | — |
| ALIBHAI, Kazim Merali | Director | 2017-07-19 | May 1975 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SALONNA, Ben | Director | 2017-09-05 | 2019-07-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Nikhil Nathwani | Individual | Shares 50–75%, Voting 50–75% | 2026-03-18 | Active |
| Mr Kazim Merali Alibhai | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-07-18 | Ceased 2026-03-18 |
Filing timeline
Last 20 of 39 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-08 | RPCH01 | miscellaneous | Legacy | |
| 2026-05-06 | RP01PSC01 | miscellaneous | Legacy | |
| 2026-03-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-26 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-03-26 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-10-04 | AA | accounts | Accounts with accounts type full | |
| 2025-08-21 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-08-07 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-08-06 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2025-06-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-17 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-06-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-30 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-06-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-02 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-06-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-07 | DISS40 | gazette | Gazette filings brought up to date | |
| 2021-12-06 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-11-30 | GAZ1 | gazette | Gazette notice compulsory | |
| 2021-09-24 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- 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.