VACUUM ENGINEERING SERVICES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-25 (in 9mo)
Last made up 2026-02-11
Watchouts
Cash
£901K
-15.6% vs 2023
Net assets
£686K
-91.6% vs 2023
Employees
96
+6.7% vs 2023
Profit before tax
-£8M
-440.3% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
5 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £17,787,191 | £13,063,201 | |
| Operating profit | £2,588,515 | -£6,736,672 | |
| Profit before tax | £2,211,859 | -£7,527,306 | |
| Net profit | £1,837,067 | -£7,284,487 | |
| Cash | £1,066,532 | £900,681 | |
| Total assets less current liabilities | £8,327,651 | £4,456,944 | |
| Net assets | £8,173,350 | £685,773 | |
| Equity | £8,173,350 | £685,773 | |
| Average employees | 90 | 96 | |
| Wages | £4,361,482 | £4,563,348 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 14.6% | -51.6% | |
| Net margin | 10.3% | -55.8% | |
| Return on capital employed | 31.1% | -151.2% | |
| Current ratio | 1.77x | 0.81x | |
| Interest cover | 8.96x | -8.55x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, and notwithstanding the net current liabilities of £3,471,407, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- VACUUM ENGINEERING SERVICES LIMITED · parent
- Vacuum Engineering Services (USA) Inc 100%
- Fugani S. de R.L. de C.V. 100%
- West Technology Systems Limited 100%
- West Technology Systems Inc. 100%
Significant events
- “2024 was a challenging year as the Group embedded itself into new markets, executing large and technically challenging projects in those new markets. The Group also absorbed the acquisition of West Technology Systems Limited.”
- “The strategic investments made in 2024, particularly the acquisition of West Technology Systems Limited, will strengthen the Group's market position and provide a platform for sustainable growth in future years.”
- “On 31 May 2024 the group acquired 100% of the issued capital of West Technology Systems Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 25 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DERBYSHIRE, Steven | Director | 2026-02-04 | Apr 1966 | British |
| ELFSSON, Sara Helena | Director | 2026-04-16 | Apr 1974 | Swedish |
| HATFIELD, Warren Michael | Director | 2026-04-15 | Nov 1987 | British |
| TSAKOS, Georgios | Director | 2026-04-16 | Jan 1985 | Greek |
Show 25 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BENSON, George Edward | Secretary | 1994-02-11 | 1994-03-21 |
| DERBYSHIRE, Steven | Secretary | 2000-05-22 | 2018-10-18 |
| RATCLIFFE, Peter | Secretary | 1994-03-21 | 2000-05-19 |
| TEMPLE SECRETARIES LIMITED | Corporate Nominee Secretary | 1994-02-11 | 1994-02-11 |
| BENSON, George Edward | Director | 1994-02-11 | 2018-02-22 |
| CARTER, Laura Jayne | Director | 2016-07-04 | 2017-07-10 |
| DERBYSHIRE, Steven | Director | 2002-09-01 | 2018-02-22 |
| GARDNER, Derek | Director | 2014-03-21 | 2016-07-04 |
| GARDNER, Derek | Director | 1994-02-11 | 2012-07-10 |
| GARNER, Edward Paul | Director | 1994-03-18 | 2017-02-10 |
| JOHNSON, Martin Karl | Director | 2025-07-01 | 2025-12-01 |
| LUNDBERG, Johan | Director | 2023-03-03 | 2025-01-21 |
| MICHAEL, Daniel | Director | 2018-02-22 | 2026-04-15 |
| MURFITT, Stephen Allan | Director | 2014-03-20 | 2016-07-04 |
| MURFITT, Stephen Allan | Director | 1994-02-11 | 1997-10-17 |
| PRICE, Nigel William | Director | 2016-07-04 | 2018-09-24 |
| RATCLIFFE, Peter | Director | 2014-03-20 | 2016-07-04 |
| RATCLIFFE, Peter | Director | 1994-02-11 | 2000-05-19 |
| RICHARDSON, David Conway | Director | 2018-02-22 | 2025-07-11 |
| ROWLANDS, Peter Ian | Director | 2016-07-04 | 2022-10-05 |
| SANSBY, Luke Anthony | Director | 2017-10-23 | 2024-12-01 |
| STOLPE, Patrik | Director | 2018-09-20 | 2022-10-05 |
| STOREY, Tom | Director | 2024-12-12 | 2026-02-12 |
| VARLEY, Brian | Director | 2024-12-01 | 2025-06-23 |
| COMPANY DIRECTORS LIMITED | Corporate Nominee Director | 1994-02-11 | 1994-02-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Indutrade Uk Ltd | Corporate entity | Shares 75–100% | 2018-09-20 | Active |
| Indutrade Uk Limited | Corporate entity | Shares 75–100% | 2016-07-04 | Ceased 2025-03-13 |
Filing timeline
Last 20 of 141 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-23 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-15 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-15 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-16 | AA | accounts | Accounts with accounts type group | |
| 2026-02-12 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-13 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-12-10 | DISS16(SOAS) | dissolution | Dissolved compulsory strike off suspended | |
| 2025-12-02 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-07-15 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-14 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-25 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-03-17 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-02-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-18 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 15
- Capital events
- 0
- Officers appointed
- 4
- Officers resigned
- 5
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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-26.6%
£17,787,191 £13,063,201
-
Cash
-15.6%
£1,066,532 £900,681
-
Net assets
-91.6%
£8,173,350 £685,773
-
Employees
+6.7%
90 96
-
Operating profit
-360.3%
£2,588,515 -£6,736,672
-
Profit before tax
-440.3%
£2,211,859 -£7,527,306
-
Wages
+4.6%
£4,361,482 £4,563,348
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