VIVA MIDCO LIMITED
Viva Midco Limited is an intermediate holding company and debt issuer, wholly owned by Viva Topco Limited, with loan notes listed on The International Stock Exchange.
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Cash
—
Latest balance sheet
Net assets
-£21m
+5.5% vs 2024
Employees
—
Average over period
Profit before tax
—
Period ending 2025-06-30
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Material uncertainty over going concern
As noted above, the Group H ’s current RCF matures on 31 October 2026. Whilst the external net debt has been reducing and a smaller facility is being sought, there means a risk that a new financing provider cannot be secured before the current facility matures. Should a new finance provider not be secured in time, depending on the actions of the current RCF lenders, or any other mitigating actions, the Group may be unable to continue to operate in its current form. This therefore constitutes a material uncertainty to the Group being able to continue as a going concern.
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Going-concern uncertainty disclosed
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Negative shareholders' funds
Net assets
3-year trend · vs Unclassified median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-06-30
| Metric | Trend | 2023-06-30 | 2024-06-30 | 2025-06-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £499,699,000 | £469,511,000 | — | — | |
| Operating profit | £56,679,000 | £20,622,000 | — | — | |
| Profit before tax | -£31,460,000 | -£94,814,000 | — | — | |
| Net profit | — | — | — | — | |
| Cash | £32,244,000 | £68,025,000 | — | — | |
| Total assets less current liabilities | £717,895,000 | £622,550,000 | £735,079,000 | +18.1% | |
| Net assets | -£20,332,000 | -£21,699,000 | -£20,503,000 | +5.5% | |
| Equity | -£20,332,000 | -£21,699,000 | -£20,503,000 | +5.5% | |
| Average employees | 678 | 978 | — | — | |
| Wages | £38,730,000 | £39,147,000 | — | — | |
| Directors' remuneration | £902,000 | £978,000 | — | — | |
| Directors' pension contributions | £0 | £0 | — | — | |
| Highest paid director | £601,000 | £601,000 | — | — |
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 | 2023-06-30 | 2024-06-30 | 2025-06-30 |
|---|---|---|---|---|
| Operating margin | 11.3% | 4.4% | — | |
| Return on capital employed | 7.9% | 3.3% | — | |
| Gearing (liabilities / total assets) | 102.1% | 103.0% | 102.5% | |
| Current ratio | 2.94x | 0.43x | 0.44x | |
| Interest cover | 0.65x | 0.18x | — |
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
- VIVA MIDCO LIMITED 2021-03-30 → present
- SHOO 652 LIMITED 2021-02-17 → 2021-03-30
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“As noted above, the Group H ’s current RCF matures on 31 October 2026. Whilst the external net debt has been reducing and a smaller facility is being sought, there means a risk that a new financing provider cannot be secured before the current facility matures. Should a new finance provider not be secured in time, depending on the actions of the current RCF lenders, or any other mitigating actions, the Group may be unable to continue to operate in its current form. This therefore constitutes a material uncertainty to the Group being able to continue as a going concern.”
Group structure
- VIVA MIDCO LIMITED · parent
- Viva Bidco Holdings Limited 100%
- Avant SA 100%
- Avant Homes Group Limited 100%
- Avant Homes Group No.2 Limited 100%
Significant events
- “1 May 2023 the Group has received a sign a Developer Remediation Contract (“DRC”) with the UK Government Department of Levelling Up, Housing and Communities (now known as the Ministry of Housing, Communities and Local Government) committing to: Identify and remediate life-critical fire-safety defects arising from the design and construction of buildings over 11 metres in height which we developed or refurbished in the last 30 years.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COWPER, Rachel Josephine | Secretary | 2023-03-03 | — | — |
| FAIRBURN, Jeffrey | Director | 2021-04-08 | May 1966 | British |
| STENHOUSE, Richard Paul | Director | 2024-03-21 | Jan 1971 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRIGGS, Simon Matthew | Director | 2021-02-17 | 2021-04-08 |
| COOK, Mark Anthony | Director | 2025-02-20 | 2025-10-02 |
| NEWETT, Daniel George | Director | 2021-04-08 | 2024-03-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Shoosmiths Nominees Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-02-17 | Ceased 2021-04-19 |
Filing timeline
Last 20 of 27 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-10 | AA | accounts | Accounts with accounts type group | |
| 2026-03-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-22 | CH01 | officers | Change person director company with change date | |
| 2025-08-05 | AA | accounts | Accounts with accounts type group | |
| 2025-03-18 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-09 | AA | accounts | Accounts with accounts type group | |
| 2024-04-05 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-10 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-03-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-17 | AA | accounts | Accounts with accounts type group | |
| 2022-03-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-09-24 | AA01 | accounts | Change account reference date company current extended | |
| 2021-07-22 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-07-22 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-04-21 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2021-04-21 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.