VML(UK) LIMITED

1. VML(UK) LIMITED 2024-03-14 → present
2. WUNDERMAN THOMPSON (UK) LIMITED 2019-12-17 → 2024-03-14
3. J. WALTER THOMPSON GROUP LIMITED 1983-01-01 → 2019-12-17
4. TRUSHELFCO (NO. 478) LIMITED 1982-08-27 → 1983-01-01

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 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have assessed the ongoing business activities and the potential impact that the volatility of global economic conditions may have on the liquidity, performance and financial position of the Company for at least the next 12 months from the date of signing the financial statements. The Company has net current assets of £ 66,654,000 and net assets of £ 67,968,000 and can therefore meet its short and long-term obligations as they fall due. This net asset position is largely driven by the intercompany cash pool balance of £76,440,000. The conditions of these cash pooling arrangements, which are described in the Contingent Liability note, were considered by the Directors when assessing the appropriateness of the going concern basis of the Company. The Company remains in a profitable position with operating profit of £1,953,000 and is forecasted to remain profitable for the foreseeable future.”

Group structure

1. VML(UK) LIMITED · parent
   1. CCG Creative Communications Limited 32% · Republic of Ireland

Significant events

• “The company changed its name from Wunderman Thompson (UK) Limited to VML(UK) Limited on 14 March 2024.”
• “On 1 April 2024 WPP Brands (UK) Limited transferred various net assets (excluding certain balance sheet items) of its VMLY&R division into the company in return for 15,000,000 ordinary shares of £0.0001 each. The shares carry an aggregate premium of £9,938,093. The value of the net assets transferred is £9,938,243. The net assets of the company have increased by £9,938,243 in 2024.”
• “On 1 April 2024, in line with the corporate simplification strategy of the WPP group, an agreement was reached to transfer various net assets (excluding certain balance sheet items) of Public Relations and International Sports Marketing Limited) into the company for book value cash consideration of £676,824.”
• “Additionally, the company has borne a loss of £1,404,473 following the closure of its subsidiary company Cheetham Bell JWT Limited”
• “The company's defined benefit scheme was formally wound up on 30 November 2023.”
• “On 24 December 2024 Cheetham Bell JWT Limited was dissolved - the investment of £ 1,404,473 has thus been written off.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  +69.1%

  £52,549,000 → £88,865,000

• Cash

  —

  Not reported

• Net assets

  +29.7%

  £52,385,000 → £67,968,000

• Employees

  +64.9%

  359 → 592

• Operating profit

  -72.7%

  £7,161,000 → £1,953,000

• Profit before tax

  -52.5%

  £10,675,000 → £5,072,000

• Wages

  +76.3%

  £26,231,000 → £46,248,000

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