VG SYSTEMS LIMITED
Get an alert when VG SYSTEMS LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
—
Latest balance sheet
Net assets
£62m
+11.2% highest in 3 filed years
Employees
26
-3.7% vs 2024
Profit before tax
£6.6m
-15.9% vs 2024
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 | £44,000 | £7,776,000 | £7,140,000 | -8.2% | |
| Operating profit | £4,153,000 | £5,580,000 | £4,449,000 | -20.3% | |
| Profit before tax | £5,695,000 | £7,793,000 | £6,557,000 | -15.9% | |
| Net profit | £5,152,000 | £7,673,000 | £6,381,000 | -16.8% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | £48,374,000 | £55,648,000 | £61,667,000 | +10.8% | |
| Net assets | £48,120,000 | £55,392,000 | £61,592,000 | +11.2% | |
| Equity | £48,120,000 | £55,392,000 | £61,592,000 | +11.2% | |
| Average employees | 24 | 27 | 26 | -3.7% | |
| Wages | £488,000 | £1,458,000 | £1,397,000 | -4.2% | |
| Directors' remuneration | £1,000 | £1,000 | — | — |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | — | 71.8% | 62.3% | |
| Net margin | — | 98.7% | 89.4% | |
| Return on capital employed | 8.6% | 10.0% | 7.2% | |
| Gearing (liabilities / total assets) | 3.4% | 2.3% | 1.2% | |
| Current ratio | 34.41x | 52.78x | 94.96x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- VG SYSTEMS LIMITED 1997-01-08 → present
- THERMO LABSYSTEMS LIMITED 1996-03-01 → 1997-01-08
- STATEAMBER LIMITED 1996-01-31 → 1996-03-01
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The company therefore continues to adopt the going concern basis in preparing its financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| OAKWOOD CORPORATE SECRETARY LIMITED | Corporate Secretary | 2009-11-01 | — | — |
| AHMED, Syed Waqas | Director | 2020-03-23 | Nov 1979 | British |
| CAMERON, Euan Daney Ross | Director | 2018-10-31 | Mar 1976 | British |
| GREEN, Georgina Adams | Director | 2024-04-18 | Mar 1970 | British |
| SMITH, Anthony Hugh | Director | 2018-11-12 | May 1962 | American |
| STARR, Alison Jane | Director | 2024-04-18 | Jan 1977 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GREGG, Rhona | Secretary | 2015-09-10 | 2026-03-31 |
| WARD, Nicola Jane | Secretary | 2003-06-30 | 2014-12-18 |
| A G SECRETARIAL LIMITED | Corporate Secretary | 2003-11-06 | 2009-10-31 |
| REED SMITH CORPORATE SERVICES LIMITED | Corporate Secretary | 1996-02-16 | 2003-06-30 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1996-01-31 | 1996-02-16 |
| ABEL, Allyson Renee | Director | 1996-02-16 | 1996-03-12 |
| COLEY, James Robert Ewen | Director | 2003-02-25 | 2012-04-18 |
| DEADY, Conan R | Director | 1996-03-12 | 1997-03-04 |
| GRANT, Lucie Mary Katja | Director | 2013-02-07 | 2019-12-03 |
| HERD, Roger | Director | 1996-03-12 | 2001-12-31 |
| INCE, Nicholas | Director | 2015-09-10 | 2018-10-31 |
| LEWIS, Earl Ray | Director | 1996-12-19 | 2000-07-10 |
| MOODIE, Iain Alasdair Keith | Director | 2012-04-18 | 2013-02-07 |
| NORMAN, David John | Director | 2015-11-16 | 2024-04-18 |
| PAZAK, Jeffrey Matthew | Director | 2001-08-07 | 2003-02-25 |
| PERKINS, James Ian | Director | 2003-02-25 | 2004-12-01 |
| WHEELER, Kevin Neil | Director | 2003-02-25 | 2015-11-16 |
| WILLIAMS, David, Dr | Director | 2001-03-02 | 2003-02-25 |
| WRIGHT, Katie Rose | Director | 2010-12-01 | 2015-09-04 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1996-01-31 | 1996-02-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Thermo Optek Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 153 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-15 | AA | accounts | Accounts with accounts type full | |
| 2026-04-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-02-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-22 | AA | accounts | Accounts with accounts type full | |
| 2025-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-21 | AA | accounts | Accounts with accounts type full | |
| 2024-04-23 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-19 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-09 | AA | accounts | Accounts with accounts type full | |
| 2023-02-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-26 | AA | accounts | Accounts with accounts type full | |
| 2022-02-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-14 | AA | accounts | Accounts with accounts type full | |
| 2021-02-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-10-15 | AA | accounts | Accounts with accounts type full | |
| 2020-03-24 | AP01 | officers | Appoint person director company with name date | |
| 2020-02-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-12-10 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.