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VFS FINANCIAL SERVICES LIMITED

#SC092026 · Active · Incorporated 1985-03-06 (41y 2m) · Last filing 2025-06-25 (11mo ago)
Financials · SIC 66190 · K Financial & Insurance Activities · Full accounts

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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2026-06-21 (in 1mo)

Last made up 2025-06-07

Watchouts

None on the register

Cash

£70M

+1.2% vs 2023

Net assets

£102M

+10% vs 2023

Employees

83

-2.4% vs 2023

Profit before tax

£12M

+28.7% vs 2023

Accounts

2-year trend · latest reflected 2024-12-31

Metric Trend 2023-12-312024-12-31
Turnover £102,783,000£110,164,000
Operating profit £41,318,000£53,493,000
Profit before tax £9,524,000£12,257,000
Net profit £9,651,000£9,224,000
Cash £69,000,000£69,860,000
Total assets less current liabilities £539,674,000£581,117,000
Net assets £92,687,000£101,911,000
Equity £92,687,000£101,911,000
Average employees 8583
Wages £5,458,000£5,313,000
Directors' remuneration £608,000£662,000

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

Year-on-year

FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31

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

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2023-12-312024-12-31
Operating margin 40.2%48.6%
Net margin 9.4%8.4%
Return on capital employed 7.7%9.2%
Current ratio 1.68x1.78x
Interest cover 1.19x1.20x

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 5 times since incorporation

  1. VFS FINANCIAL SERVICES LIMITED 2010-07-06 → present
  2. VFS FINANCIAL SERVICES (UK) LIMITED 2001-06-08 → 2010-07-06
  3. VOLVO CONTRACT SERVICES (UK) LIMITED 1997-01-01 → 2001-06-08
  4. VOLVO TRUCK FINANCE (GREAT BRITAIN) LIMITED 1991-10-16 → 1997-01-01
  5. AILSA TRUCK FINANCE LIMITED 1985-04-11 → 1991-10-16
  6. VOLVO TRUCKS FINANCE LIMITED 1985-03-06 → 1985-04-11

Audit & accounting basis

Accounting basis
FRS 101
Reporting scope
Standalone (parent only)
Abridged
Yes — abridged accounts (limited disclosure)
Auditor
Deloitte LLP
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The directors have concluded that they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being a period of at least 12 months from the date of this report. For this reason, they continue to adopt the going concern basis in preparing the financial statements.”

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

People

3 active · 32 resigned

Name Role Appointed Born Nationality
RUSHE, Stephen Secretary 2017-09-06 — —
ARMITT, Gavin Lewis Director 2011-01-12 Oct 1967 British
BRACE, Tabitha Jayne Director 2011-03-17 Dec 1977 British
Show 32 resigned officers
Name Role Appointed Resigned
BROWN, Karen Elizabeth Secretary 2014-03-31 2017-08-22
GORDON, William Secretary — 1991-08-15
GRAHAM, Brian Duncan Secretary 2000-03-10 2003-04-16
LANE, Julia Mary Secretary 2003-04-16 2014-03-31
MARTIN, Malcolm Secretary 1994-11-22 2000-03-10
PETTERSSON, Lars Ake Secretary 1991-08-15 1993-04-01
BRANDTZAEG, Bernt Director — 1998-04-06
CLOAD, Vernon Harold Barrie Director — 2001-03-20
CORCORAN, Michael John Director 2021-04-23 2023-12-21
CRIVEI, Cornel Stefan Director 1991-07-31 2000-03-10
DUMBILL, Brian James Director 2006-05-12 2008-07-01
DUMBILL, Brian James Director 2000-03-10 2003-09-03
ELMFELDT, Herbert Director 1990-04-19 1991-04-16
ENGSTROM, Jan Director — 1990-04-19
GISSLEN, Hakan Mikael Director 2000-03-10 2004-09-20
GORDON, William Director — 1990-04-19
GRAHAM, Brian Duncan Director 2001-03-20 2011-03-31
GURANDER, Jan Director 2000-03-10 2001-03-20
HERBERTS, Johan Peter Director 2004-09-20 2006-01-20
INGEMANSON, Bjorn Axel Director 2003-09-22 2006-01-20
JOHNSON, Stephen Andrew Director 1993-04-01 1998-03-31
LOFGREN, Anders Erik Director 1991-07-31 1992-11-20
MACDONALD, Thomas Andrew Director 2008-01-09 2011-01-12
MAURO, Salvatore Louis Director 2001-03-20 2002-01-02
NEVEN, Hans Peter Director 1991-10-01 1992-11-20
PETTERSSON, Lars Ake Director — 1994-11-22
PRIDMORE, Derek Charles Director 2003-09-03 2007-12-31
RACINE, Olivier Director — 1991-08-28
REBELING, Orjan Christer Ewald Director 1994-11-22 1997-05-30
RYDIN, Jan Staffan Director 1997-12-04 2000-03-10
SVENSSON, Tommy Ebenhard Director 1998-04-06 2000-03-10
TEFKE, Pekka Ferdinand Olof Director 2002-01-02 2003-09-22

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Aktiebolaget Volvo Corporate entity Shares 75–100%, Voting 75–100% 2016-04-06 Active

Filing timeline

Last 20 of 266 total filings

Date Type Category Description
2025-06-25 AA accounts Accounts with accounts type full
2025-06-10 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-04-04 MR04 mortgage Mortgage satisfy charge full PDF
2025-04-04 MR04 mortgage Mortgage satisfy charge full PDF
2024-07-16 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-06-18 AA accounts Accounts with accounts type full
2024-03-18 TM01 officers Termination director company with name termination date PDF
2023-07-13 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-07-13 CH01 officers Change person director company with change date PDF
2023-06-13 AA accounts Accounts with accounts type full
2022-10-07 AA accounts Accounts with accounts type full
2022-06-20 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-04-14 AAMD accounts Accounts amended with accounts type full
2021-10-08 AA accounts Accounts with accounts type full
2021-06-18 CS01 confirmation-statement Confirmation statement with no updates PDF
2021-04-23 AP01 officers Appoint person director company with name date PDF
2020-11-02 AA accounts Accounts with accounts type full
2020-06-17 CS01 confirmation-statement Confirmation statement with no updates PDF
2019-10-08 AA accounts Accounts with accounts type full
2019-06-12 CS01 confirmation-statement Confirmation statement with no updates PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
2

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

last 12 months

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

Official Companies House page