VITEC LTD
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-18 (in 4mo)
Last made up 2025-09-04
Watchouts
None on the register
Cash
£4M
+139.4% vs 2023
Net assets
£8M
+43.3% highest in 3 filed years
Employees
118
+4.4% highest in 3 filed years
Profit before tax
£3M
+41.7% vs 2023
Net assets
7-year trend · vs Technology median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £18,270,880 | £20,482,554 | |
| Operating profit | — | — | — | — | — | £2,127,295 | £3,025,976 | |
| Profit before tax | — | — | — | — | — | £2,167,091 | £3,071,010 | |
| Net profit | — | — | £427,081 | — | — | £2,212,906 | £2,358,483 | |
| Cash | £2,960,360 | £2,422,756 | £3,875,878 | £4,336,705 | £3,116,227 | £1,598,951 | £3,827,837 | |
| Total assets less current liabilities | — | — | — | — | — | £7,237,611 | £10,077,997 | |
| Net assets | — | — | £5,517,619 | — | — | £5,450,231 | £7,808,714 | |
| Equity | — | — | — | — | £2,688,797 | £5,450,231 | £7,808,714 | |
| Average employees | — | — | 98 | — | — | 113 | 118 | |
| Wages | — | — | £5,338,124 | — | — | £8,180,152 | £8,853,305 | |
| Directors' remuneration | — | — | — | — | — | £204,396 | £184,511 |
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
-
Turnover
+12.1%
£18,270,880 £20,482,554
-
Cash
+139.4%
£1,598,951 £3,827,837
-
Net assets
+43.3%
£5,450,231 £7,808,714
highest in 3 filed years
-
Employees
+4.4%
113 118
highest in 3 filed years
-
Operating profit
+42.2%
£2,127,295 £3,025,976
-
Profit before tax
+41.7%
£2,167,091 £3,071,010
-
Wages
+8.2%
£8,180,152 £8,853,305
highest in 3 filed years
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 | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 11.6% | 14.8% | |
| Net margin | — | — | — | — | — | 12.1% | 11.5% | |
| Return on capital employed | — | — | — | — | — | 29.4% | 30.0% | |
| Current ratio | — | — | — | — | — | 3.28x | 3.51x |
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
- VITEC LTD 2022-05-04 → present
- EXTERITY LIMITED 2001-11-14 → 2022-05-04
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Thomson Cooper
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- VITEC LTD · parent
- Accommtec Ltd 100%
- VITEC PTY Ltd 100%
- VITEC Portugal LDA 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCCOLGAN, Sarah | Secretary | 2023-10-26 | — | — |
| FARQUHAR, Colin | Director | 2001-11-14 | Sep 1966 | British |
| PINET, Dominique | Director | 2021-03-31 | May 1961 | French |
| QUESNE, Nicolas | Director | 2021-03-31 | Nov 1975 | French |
| WETZEL, Caroline | Director | 2021-03-31 | Apr 1996 | French |
| WETZEL, Eric | Director | 2021-03-31 | Sep 1993 | French |
| WETZEL, Marine | Director | 2021-03-31 | Jul 1992 | French |
| WETZEL, Philippe | Director | 2021-03-31 | Jan 1960 | French |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FARQUHAR, Colin | Secretary | 2001-11-14 | 2004-06-21 |
| ROSS, Simon Robert Alexander | Secretary | 2004-06-21 | 2023-10-26 |
| OSWALDS OF EDINBURGH LIMITED | Corporate Secretary | 2001-11-14 | 2001-11-14 |
| ALLAN, Michael James | Director | 2002-04-05 | 2021-03-31 |
| CORFIELD, Christopher David | Director | 2004-02-12 | 2011-03-14 |
| FARQUHAR, Helen | Director | 2001-11-14 | 2002-04-05 |
| FERGUSON, Ian | Director | 2002-04-05 | 2002-08-12 |
| HOGARTH, Mark Stephen | Director | 2014-08-01 | 2021-03-31 |
| ROSS, Simon Robert Alexander | Director | 2004-06-21 | 2021-03-31 |
| STEWART, Hugh John Patrick | Director | 2014-06-01 | 2021-03-31 |
| THOMAS, David Owen | Director | 2004-06-11 | 2017-11-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Philippe Wetzel | Individual | ownership-of-shares-75-to-100-percent-as-firm | 2021-03-31 | Active |
| Shackleton Secondaries 3 Lp (Sl016534) | Corporate entity | Shares 25–50% | 2016-04-28 | Ceased 2021-03-31 |
Filing timeline
Last 20 of 143 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-05-04 CERTNM Certificate change of name company
- 2022-05-04 RESOLUTIONS Resolution
- 2021-05-14 MA Memorandum articles
- 2021-05-14 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-01 | AA | accounts | Accounts with accounts type group | |
| 2024-10-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-27 | AA | accounts | Accounts with accounts type group | |
| 2023-10-26 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-10-26 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-09-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-18 | AA | accounts | Accounts with accounts type group | |
| 2022-09-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-04 | CERTNM | change-of-name | Certificate change of name company | |
| 2022-05-04 | RESOLUTIONS | resolution | Resolution | |
| 2022-02-15 | AA | accounts | Accounts with accounts type group | |
| 2021-09-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-06-14 | SH01 | capital | Capital allotment shares | |
| 2021-05-14 | MA | incorporation | Memorandum articles | |
| 2021-05-14 | RESOLUTIONS | resolution | Resolution | |
| 2021-05-13 | SH08 | capital | Capital name of class of shares | |
| 2021-04-12 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2021-04-12 | AP01 | officers | Appoint person director company with name date | |
| 2021-04-12 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.