VPANEL LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-06-20 (in 1mo)
Last made up 2025-06-06
Watchouts
Cash
£5M
highest in 6 filed years
Net assets
£1M
highest in 6 filed years
Employees
51
highest in 6 filed years
Profit before tax
£1M
Period ending 2024-12-31
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 Industrials median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-08-31 | 2020-08-31 | 2021-08-31 | 2022-08-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £31,356,858 | £35,399,584 | |
| Operating profit | — | — | — | — | £940,574 | £1,245,938 | |
| Profit before tax | — | — | — | — | £974,917 | £1,347,279 | |
| Net profit | — | — | — | — | £836,382 | £1,038,898 | |
| Cash | £514,130 | £737,688 | £1,418,559 | £1,699,814 | £2,935,497 | £4,685,779 | |
| Total assets less current liabilities | £175,275 | £294,846 | £466,456 | £714,961 | £1,019,351 | £1,619,121 | |
| Net assets | £146,061 | £72,174 | £247,980 | £509,334 | £865,716 | £1,337,614 | |
| Equity | — | £72,174 | £247,980 | £509,334 | £865,716 | £1,337,614 | |
| Average employees | 12 | 19 | 23 | 33 | 41 | 51 | |
| Wages | — | — | — | — | £1,481,932 | £1,555,598 | |
| Directors' remuneration | — | — | — | — | £24,153 | £20,000 |
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 | 2019-08-31 | 2020-08-31 | 2021-08-31 | 2022-08-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 3.0% | 3.5% | |
| Net margin | — | — | — | — | 2.7% | 2.9% | |
| Return on capital employed | — | — | — | — | 92.3% | 77.0% | |
| Current ratio | — | — | — | — | 1.06x | 1.08x | |
| Interest cover | — | — | — | — | 387.55x | — |
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
- Xeinadin Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SOUTHALL, Lisa | Secretary | 2020-11-19 | — | — |
| MAY, Georgina Ellie | Director | 2017-11-15 | Jun 1982 | British |
| TODD, Stephen Robert, Mr. | Director | 2017-08-01 | Nov 1982 | British |
| WELHAM, Sean | Director | 2025-10-28 | Nov 1963 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Vas Panel Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-06-04 | Active |
| Vas Group Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-09-01 | Ceased 2024-06-04 |
| Miss Georgina Ellie May | Individual | Shares 25–50%, Voting 25–50% | 2017-11-15 | Ceased 2018-09-01 |
| Mr. Stephen Robert Todd | Individual | Shares 25–50%, Voting 25–50% | 2017-08-01 | Ceased 2018-09-01 |
Filing timeline
Last 20 of 44 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-15 | AA | accounts | Accounts with accounts type full | |
| 2025-06-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-30 | CH01 | officers | Change person director company with change date | |
| 2024-06-20 | AA | accounts | Accounts with accounts type small | |
| 2024-06-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-05 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-06-05 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-04-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-10-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-06-21 | AA01 | accounts | Change account reference date company current extended | |
| 2023-03-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-11-07 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-10-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-04 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2022-10-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-10-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-02-07 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-11-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-19 | AA | accounts | Accounts with accounts type total exemption full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- 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.