VALLECTRIC LIMITED

1. VALLECTRIC LIMITED 1987-09-09 → present
2. VALLANCE ELECTRICAL ENGINEERS LIMITED 1959-10-13 → 1987-09-09

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Kirk Newsholme Ltd

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 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.”

Significant events

• “Vallectric continues to operate from offices in Leeds and Greenwich and has recently relocated the business unit in Hull to a modern serviced facility at Cherry Tree Court on Ferensway in the City centre.”
• “Securing satisfactory levels of work throughout 2025 remains a challenge, although we have recently been awarded a number of quick start refurbishment projects, which will alleviate the shortfalls in turnover during 2025 and contribute towards the value of secured new work that commences in early 2026.”
• “The previous year's settlement of the outstanding debt from the transfer of shares has had a positive shift on the company's net asset value and this is reflected in these accounts.”

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

Filings

2

last 12 months

Capital events

2

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.

• Turnover

  -47.5%

  £24,151,168 → £12,676,395

• Cash

  +38.4%

  £2,419,701 → £3,348,186

• Net assets

  +95%

  £764,760 → £1,491,289

• Employees

  -6.7%

  30 → 28

• Operating profit

  -65%

  £2,756,137 → £964,944

• Profit before tax

  -62.7%

  £2,876,897 → £1,074,025

• Wages

  +16.8%

  £1,699,187 → £1,985,216

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