VAPE SUPPLIER LIMITED
Operating via vapesupplier.co.uk, the company is a Birmingham-based wholesale distributor supplying vaping devices, e-liquids, and CBD products to domestic and international retailers.
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Cash
£1.7m
+37.8% highest in 6 filed years
Net assets
£13m
+90.3% highest in 6 filed years
Employees
364
+48.6% highest in 6 filed years
Profit before tax
£8.4m
+123.3% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
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 · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £148,650,152 | £224,708,247 | £282,447,659 | +25.7% | |
| Operating profit | — | — | — | £4,219,340 | £3,841,787 | £8,577,277 | +123.3% | |
| Profit before tax | — | — | — | £4,202,284 | £3,751,669 | £8,378,854 | +123.3% | |
| Net profit | — | — | — | £3,229,475 | £2,813,305 | £6,235,606 | +121.6% | |
| Cash | £260,672 | £73,588 | £146,352 | £899,900 | £1,228,043 | £1,692,146 | +37.8% | |
| Total assets less current liabilities | £608,139 | £847,724 | £870,417 | £4,128,477 | £6,968,063 | £13,486,143 | +93.5% | |
| Net assets | £603,377 | £843,505 | £866,198 | £4,095,673 | £6,908,978 | £13,150,262 | +90.3% | |
| Equity | £603,377 | £843,505 | £866,198 | £4,095,673 | £6,908,978 | £13,150,262 | +90.3% | |
| Average employees | 11 | 19 | 46 | 115 | 245 | 364 | +48.6% | |
| Wages | — | — | — | £3,156,557 | £6,406,858 | £11,776,845 | +83.8% | |
| Directors' remuneration | — | — | — | — | £0 | £0 | — |
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 | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 2.8% | 1.7% | 3.0% | |
| Net margin | — | — | — | 2.2% | 1.3% | 2.2% | |
| Return on capital employed | — | — | — | 102.2% | 55.1% | 63.6% | |
| Gearing (liabilities / total assets) | 24.5% | 36.3% | 80.5% | 71.1% | 82.1% | 77.7% | |
| Current ratio | — | — | — | 1.40x | 1.21x | 1.27x | |
| Interest cover | — | — | — | — | 42.63x | 42.13x |
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
- RMY Clements Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared the accounts on a going concern basis.”
Group structure
- VAPE SUPPLIER LIMITED · parent
- VSL Germany GMBH 75%
- New Nicotine Distribution Limited 60%
Significant events
- “The most notable operational undertaking was the handling of the Government's legislation on a Disposable Ban which came into effect on June 1st 2025.”
- “On 1 July 2026, subsequent to the reporting date, the majority share capital of the Company was acquired by Vessel Tech Holding Limited, resulting in a change in the ownership and control of the Company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JIANG, Long | Director | 2026-07-01 | Mar 1978 | Chinese |
| LU, Chao | Director | 2026-07-01 | Jun 1984 | Hong Konger |
| NATHWANI, Nikhil | Director | 2026-07-01 | Feb 1987 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BELLE, Jade | Secretary | 2020-10-13 | 2026-07-01 |
| ALIBHAI, Kazim Merali | Director | 2017-07-19 | 2026-07-01 |
| SALONNA, Ben | Director | 2017-09-05 | 2019-07-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Vessel Tech Holding Limited | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2026-07-01 | Active |
| Nikhil Nathwani | Individual | Shares 50–75%, Voting 50–75% | 2017-09-05 | Ceased 2026-07-01 |
| Kazim Merali Alibhai | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-07-19 | Ceased 2017-09-05 |
Filing timeline
Last 20 of 56 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-07-22 MA Memorandum articles
- 2026-07-22 RESOLUTIONS Resolution
- 2026-07-06 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-10 | AA | accounts | Accounts with accounts type full | |
| 2026-07-22 | MA | incorporation | Memorandum articles | |
| 2026-07-22 | RESOLUTIONS | resolution | Resolution | |
| 2026-07-20 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2026-07-14 | AA01 | accounts | Change account reference date company current extended | |
| 2026-07-14 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-14 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-14 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-14 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-07-14 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-07-14 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-07-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-07-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-07-06 | RESOLUTIONS | resolution | Resolution | |
| 2026-07-06 | SH02 | capital | Capital alter shares subdivision | |
| 2026-07-02 | RP01PSC01 | miscellaneous | Legacy | |
| 2026-05-08 | RPCH01 | miscellaneous | Legacy | |
| 2026-05-06 | RP01PSC01 | miscellaneous | Legacy | |
| 2026-03-26 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 1
- Officers appointed
- 3
- Officers resigned
- 2
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.