VIVO DEFENCE SERVICES LIMITED
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Cash
£61M
+30.7% vs 2024
Net assets
£32M
-4.2% vs 2024
Employees
1,549
-0.7% vs 2024
Profit before tax
£43M
-3.4% vs 2024
Watch the reel
Our short-form breakdown of VIVO DEFENCE SERVICES LIMITED's latest filing
VIVO Defence Services — the Serco and Equans JV — sees revenue drop but sweeps £33.5m in dividends back to the parents. 🪖
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £987,959,000 | £916,434,000 | £822,826,000 | -10.2% | |
| Operating profit | £35,834,000 | £43,705,000 | £41,236,000 | -5.6% | |
| Profit before tax | £34,784,000 | £44,381,000 | £42,867,000 | -3.4% | |
| Net profit | £26,897,000 | £33,526,000 | £32,128,000 | -4.2% | |
| Cash | — | £46,919,000 | £61,333,000 | +30.7% | |
| Total assets less current liabilities | — | £49,905,000 | £40,547,000 | -18.8% | |
| Net assets | — | £33,526,000 | £32,128,000 | -4.2% | |
| Equity | — | £33,526,000 | £32,128,000 | -4.2% | |
| Average employees | — | 1,560 | 1,549 | -0.7% | |
| Wages | — | £72,296,000 | £72,354,000 | +0.1% | |
| Directors' remuneration | — | £601,000 | £636,000 | +5.8% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 3.6% | 4.8% | 5.0% | |
| Net margin | 2.7% | 3.7% | 3.9% | |
| Return on capital employed | — | 87.6% | 101.7% | |
| Gearing (liabilities / total assets) | — | 85.0% | 84.9% | |
| Current ratio | — | 1.19x | 1.17x | |
| Interest cover | 22.27x | 47.10x | 78.85x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors believe that appropriate sensitivities have been reviewed in forecasting the Company's liquidity and have concluded that there is enough headroom in the liquidity assessments to provide assurance of the Company's ability to continue as a going concern.”
Significant events
- “VIVO has been awarded the Armed Forces Covenant Gold Award from the Defence Employee Recognition Scheme in recognition of its ongoing support to the armed forces community and alignment to the values of the Armed Forces Covenant.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| EQUANS HOLDING UK LIMITED | Corporate Secretary | 2019-04-17 | — | — |
| GRAHAM, James Peter Hamilton | Director | 2026-02-09 | May 1986 | British |
| MACPHERSON, Colin | Director | 2019-04-17 | Jan 1965 | British |
| MOENS, Pieter Marie Gustaaf | Director | 2023-04-25 | Oct 1974 | Belgian |
| REYNELL, Colin William | Director | 2019-04-17 | May 1969 | British |
| UMBERS, Douglas | Director | 2022-12-19 | Jul 1965 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CROSSLEY, Nigel | Director | 2024-02-21 | 2025-02-28 |
| DINGWALL, Alan | Director | 2019-04-17 | 2022-12-19 |
| HOCKMAN, Samuel | Director | 2019-04-17 | 2022-02-28 |
| IRWIN, Mark Winston | Director | 2021-07-22 | 2022-12-19 |
| LOISEAU, Jean-Philippe Marc Vincent | Director | 2021-09-27 | 2026-02-09 |
| POLLINS, Andrew Martin | Director | 2022-03-01 | 2023-02-21 |
| SHAW, Helen | Director | 2022-12-19 | 2026-06-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Equans Holding Uk Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2019-04-17 | Active |
| Serco Holdings Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2019-04-17 | Active |
Filing timeline
Last 20 of 41 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-29 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-18 | AA | accounts | Accounts with accounts type full | |
| 2026-04-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-09 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-30 | AA | accounts | Accounts with accounts type full | |
| 2025-04-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-23 | AA | accounts | Accounts with accounts type full | |
| 2024-04-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-26 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-19 | AA | accounts | Accounts with accounts type full | |
| 2023-08-15 | AA01 | accounts | Change account reference date company current extended | |
| 2023-05-10 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-05-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-01 | TM01 | officers | Termination director company with name termination date | |
| 2023-03-01 | CH04 | officers | Change corporate secretary company with change date | |
| 2023-01-04 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-04 | 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
- 1
- 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.