VECTOR X-CEL LTD
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Cash
£436K
+27.4% vs 2024
Net assets
-£4.1M
-379.1% lowest in 5 filed years
Employees
56
-9.7% vs 2024
Profit before tax
-£3.3M
-28,351.6% lowest in 4 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2020-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £8,278,980 | £6,669,753 | -19.4% | |
| Operating profit | — | — | — | £540,774 | -£2,827,481 | -622.9% | |
| Profit before tax | — | -£195,671 | -£628,788 | £11,634 | -£3,286,790 | -28,351.6% | |
| Net profit | — | — | -£930,854 | £7,826 | -£3,228,790 | -41,357.2% | |
| Cash | £21,008 | £63,906 | £853,447 | £342,152 | £436,043 | +27.4% | |
| Total assets less current liabilities | £1,335,582 | £721,452 | £604,541 | £227,104 | -£3,007,366 | -1,424.2% | |
| Net assets | £183,247 | £71,388 | -£859,466 | -£851,640 | -£4,080,430 | -379.1% | |
| Equity | £183,247 | £71,388 | -£859,466 | -£851,640 | -£4,080,430 | -379.1% | |
| Average employees | 68 | 55 | 62 | 62 | 56 | -9.7% | |
| Wages | — | £1,961,106 | £2,386,344 | £2,638,300 | £2,388,269 | -9.5% | |
| Directors' remuneration | — | £152,250 | £164,501 | £242,573 | £252,835 | +4.2% |
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 | 2020-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 6.5% | -42.4% | |
| Net margin | — | — | — | 0.1% | -48.4% | |
| Return on capital employed | — | — | — | 238.1% | — | |
| Current ratio | — | — | — | 0.75x | 0.51x | |
| Interest cover | — | — | — | 1.02x | -6.16x |
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.
Name history
Renamed 1 time since incorporation
- VECTOR X-CEL LTD 2019-01-23 → present
- LEDANTECH LTD 2019-01-07 → 2019-01-23
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BHP LLP
- Audit opinion
- Unqualified (clean)
Significant events
- “The Directors have decided that operating the Vector facility is not an ongoing viable option so we have started to transfer the modern profitable machinery and work across to X-Cel Superturn Limited at its facility at the Advanced Manufacturing Park in Rotherham.”
- “The sale of the Vector factory has been agreed and is due to complete in September 2025, Vector will continue to lease the facility until May 2026 by which time all ongoing production and modern machinery will have been transferred to X-Cel Superturn Limited.”
- “It is planned that Vector X-Cel will have ceased trading by December 2026 and will be wound up at this stage. All financial commitments and external creditors will be paid in full.”
- “This decision has resulted in a stock write down of £1.8m and a trading loss for the year of £3.2m.”
- “an impairment provision of £446,000 has been included in the financial statements this year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BARTON-PHILLIPS, David | Director | 2020-01-10 | May 1980 | British |
| HERON, Timothy Mark | Director | 2025-12-10 | May 1977 | British |
| STOCKS, Dale Graham | Director | 2025-12-10 | Dec 1979 | British |
| TOWNSEND, Lee Kevin David | Director | 2019-01-07 | Jul 1982 | British |
| WRAGG, Louis John | Director | 2025-12-10 | Mar 1993 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOOTH, Neil Michael | Director | 2019-01-07 | 2020-04-06 |
| GREENAN, David Philip | Director | 2019-01-07 | 2019-03-29 |
| HALL, Andrew James | Director | 2020-03-01 | 2025-11-28 |
| ROWLETT, Daniel | Director | 2023-06-22 | 2024-11-06 |
| STAVES, Christopher John | Director | 2019-01-07 | 2020-10-28 |
| TAYLOR, Andrew Nicholas | Director | 2019-01-22 | 2025-12-10 |
| WATSON, Ben Grant | Director | 2020-01-10 | 2025-08-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| X-Cel Superturn Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-01-31 | Active |
| Mr Andrew Nicholas Taylor | Individual | Shares 50–75% (as firm), Significant influence | 2020-01-10 | Ceased 2020-01-31 |
| Woodward Holdings Limited | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2019-01-22 | Ceased 2021-04-10 |
| Mr Christopher John Staves | Individual | Significant influence | 2019-01-07 | Ceased 2019-01-22 |
Filing timeline
Last 20 of 53 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-11 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-26 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-11-26 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-11-26 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-08-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-27 | AA | accounts | Accounts with accounts type full | |
| 2025-05-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-18 | AA | accounts | Accounts with accounts type full | |
| 2024-05-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-11-08 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-09-25 | AA | accounts | Accounts with accounts type full | |
| 2023-06-22 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 3
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.