VVB GROUP LIMITED
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Cash
£88K
+50% vs 2024
Net assets
-£38M
-16.4% lowest in 6 filed years
Employees
18
+12.5% vs 2024
Profit before tax
-£4.6M
+8% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The validity of the going concern basis is dependent on the continued support of the company's parent undertaking and ultimate controlling parties, who have confirmed that they will continue to provide the company with financial support for the foreseeable future and for not less than 12 months from the date of approval of these financial statements but only to the extent that money is not otherwise available to VVB Group Limited to meet such liabilities.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £1,214,792 | £38,215 | £206,314 | £137,340 | £609,062 | £1,268,021 | +108.2% | |
| Operating profit | -£14,909,774 | -£3,228,102 | -£11,755,202 | -£8,718,240 | -£2,370,162 | -£2,320,280 | +2.1% | |
| Profit before tax | -£15,104,602 | -£3,804,955 | -£12,527,350 | -£10,246,317 | -£4,997,048 | -£4,595,883 | +8% | |
| Net profit | -£15,104,602 | -£3,804,955 | -£12,527,350 | -£10,246,317 | -£4,997,048 | -£4,595,883 | +8% | |
| Cash | £122,595 | £209,324 | £175,449 | £77,717 | £58,668 | £87,985 | +50% | |
| Total assets less current liabilities | £1,828,248 | £3,907,478 | -£4,172,158 | -£4,325,713 | -£4,545,875 | -£6,876,020 | -51.3% | |
| Net assets | -£14,657,612 | -£18,151,429 | -£26,810,171 | -£35,230,254 | -£32,867,583 | -£38,258,634 | -16.4% | |
| Equity | -£14,657,612 | -£18,151,429 | -£26,810,171 | — | — | -£38,258,634 | — | |
| Average employees | 46 | 18 | 15 | 16 | 16 | 18 | +12.5% | |
| Wages | — | — | — | — | £1,425,574 | £1,863,939 | +30.8% | |
| Directors' remuneration | — | — | — | — | £747,237 | £889,543 | +19% |
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | -183.0% | |
| Return on capital employed | -815.5% | -82.6% | — | — | — | — | |
| Gearing (liabilities / total assets) | — | — | — | 2752.6% | 2814.3% | — | |
| Current ratio | — | — | — | 0.06x | 0.06x | 0.03x | |
| Interest cover | -76.53x | -5.60x | -15.22x | -5.71x | -0.90x | -1.02x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- VVB GROUP LIMITED 2021-05-21 → present
- VVB M&E LIMITED 2018-09-13 → 2021-05-21
- BROOMCO (4299) LIMITED 2018-09-04 → 2018-09-13
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Gerald Edelman LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The validity of the going concern basis is dependent on the continued support of the company's parent undertaking and ultimate controlling parties, who have confirmed that they will continue to provide the company with financial support for the foreseeable future and for not less than 12 months from the date of approval of these financial statements but only to the extent that money is not otherwise available to VVB Group Limited to meet such liabilities.”
Group structure
- VVB GROUP LIMITED · parent
- VVB Engineering (UK) Ltd 100%
Significant events
- “revenues in the Group undertakings have increased by 76% in the past year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BEEDLE, Nicholas James | Director | 2018-09-20 | May 1981 | British |
| JELLIS, Andrew | Director | 2019-05-13 | Mar 1979 | British |
| KORVYAKOV, Dimitri | Director | 2024-01-25 | Nov 1975 | American |
| NURICK, Rael | Director | 2020-04-03 | Aug 1975 | Dutch,American |
| RACE, Glyn John Alan | Director | 2018-09-20 | Aug 1966 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALEXANDER, Nicholas Robert | Director | 2018-09-04 | 2018-11-23 |
| BROWN, Ashley John | Director | 2019-05-13 | 2023-09-29 |
| BUNDY, Samuel Tobias | Director | 2023-09-29 | 2025-12-18 |
| GOUD, Naveen Atmakur | Director | 2024-10-01 | 2025-12-18 |
| KORVYAKOV, Dimitri | Director | 2018-09-04 | 2020-04-03 |
| MEEHAN, Matt Michael | Director | 2018-09-04 | 2020-04-03 |
| PEARSON, Andrew Mitchell | Director | 2018-11-27 | 2024-01-25 |
| RUSLING, Graham Gregory | Director | 2018-09-04 | 2021-12-31 |
| WILSON, Symon | Director | 2018-09-20 | 2019-05-13 |
| WOOD, Thomas | Director | 2018-09-04 | 2020-04-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sandton Europe Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-12-31 | Active |
| Vvb M&E Group Limited | Corporate entity | Shares 75–100% | 2018-10-24 | Ceased 2020-12-31 |
| Vvb Engineering Ltd. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-09-08 | Ceased 2018-10-24 |
| Broomco (4298) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-09-04 | Ceased 2018-09-08 |
Filing timeline
Last 20 of 67 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-09-26 RESOLUTIONS Resolution
- 2024-09-26 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-29 | AA | accounts | Accounts with accounts type full | |
| 2026-01-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-01-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-26 | AA | accounts | Accounts with accounts type full | |
| 2024-09-26 | RESOLUTIONS | resolution | Resolution | |
| 2024-09-26 | MA | incorporation | Memorandum articles | |
| 2024-09-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-30 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-08-20 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-02-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-27 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-02 | CH01 | officers | Change person director company with change date | |
| 2024-01-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-10 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-09-29 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- 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.