VIQ SOLUTIONS (UK) LIMITED

• ⚠

  Material uncertainty over going concern

  The group has made a loss during the period and relies on support from its parent for its ongoing operations, therefore, the director has concluded that there is a material uncertainty in relation to going concern. The group is reliant on support from its parent company and the wider group. It has received assurance from its parent company that it will continue to give financial support to the group for a period of at least twelve months from the date of approval of these financial statements. However, the wider group is also in a net liability position, therefore, there is a risk that this financial support mentioned above may not be forthcoming. The availability of the support is uncertain, and if this is support is not available, the going concern basis used in preparing the group's financial statements may be invalid and adjustments would have to be made should this basis not continue to be appropriate.

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

  +5.8%

  £1,047,250 → £1,108,005

• Cash

  +15%

  £40,393 → £46,451

  highest in 3 filed years

• Net assets

  -114.5%

  £376,679 → -£54,494

  lowest in 4 filed years

• Employees

  0%

  9 → 9

• Operating profit

  +16.3%

  -£514,926 → -£431,173

• Profit before tax

  +16.3%

  -£514,966 → -£431,173

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.

Accounting basis

FRS 102 §1A

Reporting scope

Consolidated group

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Buzzacott Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The group has made a loss during the period and relies on support from its parent for its ongoing operations, therefore, the director has concluded that there is a material uncertainty in relation to going concern. The group is reliant on support from its parent company and the wider group. It has received assurance from its parent company that it will continue to give financial support to the group for a period of at least twelve months from the date of approval of these financial statements. However, the wider group is also in a net liability position, therefore, there is a risk that this financial support mentioned above may not be forthcoming. The availability of the support is uncertain, and if this is support is not available, the going concern basis used in preparing the group's financial statements may be invalid and adjustments would have to be made should this basis not continue to be appropriate.”

Group structure

1. VIQ SOLUTIONS (UK) LIMITED · parent
   1. The Transcription Agency LLP 100% · England

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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