VECTOR X-CEL LTD

• ⚠

  Material uncertainty over going concern

  The directors intend to affect an orderly wind down of the company and will ultimately cease trading by December 2026 and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

• Turnover

  -19.4%

  £8,278,980 → £6,669,753

• Cash

  +27.4%

  £342,152 → £436,043

• Net assets

  -379.1%

  -£851,640 → -£4,080,430

  lowest in 5 filed years

• Employees

  -9.7%

  62 → 56

• Operating profit

  -622.9%

  £540,774 → -£2,827,481

• Profit before tax

  -28,351.6%

  £11,634 → -£3,286,790

  lowest in 4 filed years

• Wages

  -9.5%

  £2,638,300 → £2,388,269

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

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.

1. VECTOR X-CEL LTD 2019-01-23 → present
2. LEDANTECH LTD 2019-01-07 → 2019-01-23

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

BHP LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The directors intend to affect an orderly wind down of the company and will ultimately cease trading by December 2026 and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements.”

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

Filings

13

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.