VISAVVI LIMITED

• ⚠

  Material uncertainty over going concern

  It is management's intention to transfer the trade and assets of the business to a fellow group company within 12 months of signing these financial statements. The business will then cease trading. These financial statements have therefore been prepared on a basis other than the going concern basis.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. VISAVVI LIMITED 2022-08-23 → present
2. THE SAVILLE GROUP LIMITED 1987-09-30 → 2022-08-23

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

Ormerod Rutter Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“It is management's intention to transfer the trade and assets of the business to a fellow group company within 12 months of signing these financial statements. The business will then cease trading. These financial statements have therefore been prepared on a basis other than the going concern basis.”

Significant events

• “Following on from the acquisition by SCC, Visavvi is aligning with SCC Collaboration business and there are plans to fully integrate Visavvi into the SCC operation, hiving up the net assets, transferring the employees, and novating the customers and suppliers over to SCC plc.”
• “It is management's intention to transfer the trade and assets of the business to a fellow group company, within 12 months of signing these financial statements. The business will then cease trading.”

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

Filings

9

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

  -40.3%

  £26,545,935 → £15,844,282

  lowest in 4 filed years

• Cash

  -1.3%

  £3,099,348 → £3,058,880

• Net assets

  -8.9%

  £9,239,826 → £8,416,147

• Employees

  -12.7%

  102 → 89

  lowest in 4 filed years

• Operating profit

  -155.9%

  £1,814,325 → -£1,014,528

  lowest in 4 filed years

• Profit before tax

  -157.2%

  £1,786,434 → -£1,022,529

  lowest in 4 filed years

• Wages

  -23.4%

  £5,182,560 → £3,971,844

  lowest in 4 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers