VERTICE GROUP LTD
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Cash
£58m
USD 77,490,526
+102.5% vs 2023
Net assets
£55m
USD 74,417,010
+97.9% vs 2023
Employees
175
+103.5% vs 2023
Profit before tax
-£9.9m
USD -13,280,989
-50.8% vs 2023
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £3,237,263 | £9,409,378 | +190.7% | |
| Operating profit | -£7,063,391 | -£11,040,569 | -56.3% | |
| Profit before tax | -£6,545,031 | -£9,870,672 | -50.8% | |
| Net profit | -£6,598,407 | -£9,986,184 | -51.3% | |
| Cash | £28,440,337 | £57,592,364 | +102.5% | |
| Total assets less current liabilities | £27,948,239 | £55,308,071 | +97.9% | |
| Net assets | £27,948,239 | £55,308,071 | +97.9% | |
| Equity | £27,948,239 | £55,308,071 | +97.9% | |
| Average employees | 86 | 175 | +103.5% | |
| Wages | £7,135,376 | £13,957,869 | +95.6% | |
| Directors' remuneration | £92,901 | £286,503 | +208.4% |
Figures converted to GBP from USD at 0.743 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 |
|---|---|---|---|
| Operating margin | — | -117.3% | |
| Net margin | — | -106.1% | |
| Return on capital employed | -25.3% | -20.0% | |
| Current ratio | 8.82x | 9.38x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- PKF Littlejohn LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have considered the Group's budgets and cash flow forecasts for a period of at least twelve months from the date of approval of the financial statements. Having made appropriate enquiries and considering available cash resources and forecasted performance, the Directors consider it appropriate to prepare the financial statements on a going concern basis.”
Group structure
- VERTICE GROUP LTD · parent
- Vertice Technology Inc 100%
- Vertice Technology Ltd 100%
- Vertice Technology Pty Ltd 100%
- Vertice Technology CZ SRO 100%
Significant events
- “In December 2024, the Group closed its Series C funding round, raising $50 million to support product development and international expansion.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BOWDEN, Laurel Charmaine | Director | 2021-12-23 | May 1965 | British |
| FISHER, Adam | Director | 2022-04-28 | Jan 1976 | Israeli,American |
| TUVEY, Eldar | Director | 2021-11-29 | Oct 1970 | British |
| TUVEY, Roy | Director | 2021-11-29 | Aug 1975 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lauderdale Technology Holdings Ltd | Corporate entity | Shares 25–50%, Voting 25–50% | 2021-11-29 | Active |
| Springfield Technology Holdings Ltd | Corporate entity | Shares 25–50%, Voting 25–50% | 2021-11-29 | Active |
Filing timeline
Last 20 of 28 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-11-20 RESOLUTIONS Resolution
- 2025-11-20 MA Memorandum articles
- 2024-05-02 MA Memorandum articles
- 2024-05-02 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-04 | AA | accounts | Accounts with accounts type group | |
| 2025-11-20 | RESOLUTIONS | resolution | Resolution | |
| 2025-11-20 | MA | incorporation | Memorandum articles | |
| 2025-11-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-11-17 | SH01 | capital | Capital allotment shares | |
| 2025-11-17 | SH01 | capital | Capital allotment shares | |
| 2025-11-17 | SH01 | capital | Capital allotment shares | |
| 2025-11-17 | SH01 | capital | Capital allotment shares | |
| 2025-11-17 | SH01 | capital | Capital allotment shares | |
| 2025-11-17 | SH01 | capital | Capital allotment shares | |
| 2025-07-21 | ANNOTATION | miscellaneous | Legacy | |
| 2025-01-03 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2024-11-28 | SH01 | capital | Capital allotment shares | |
| 2024-11-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-08 | SH01 | capital | Capital allotment shares | |
| 2024-05-02 | MA | incorporation | Memorandum articles | |
| 2024-05-02 | RESOLUTIONS | resolution | Resolution | |
| 2023-12-29 | AA | accounts | Accounts with accounts type unaudited abridged | |
| 2023-11-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-07 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 7
- 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.