VG SYSTEMS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-20 (in 9mo)
Last made up 2026-02-06
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
£55M
+15.1% vs 2023
Employees
27
+12.5% vs 2023
Profit before tax
£8M
+36.8% vs 2023
Name history
Renamed 2 times since incorporation
- VG SYSTEMS LIMITED 1997-01-08 → present
- THERMO LABSYSTEMS LIMITED 1996-03-01 → 1997-01-08
- STATEAMBER LIMITED 1996-01-31 → 1996-03-01
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 | £44,000 | £7,776,000 | |
| Operating profit | £4,153,000 | £5,580,000 | |
| Profit before tax | £5,695,000 | £7,793,000 | |
| Net profit | £5,152,000 | £7,673,000 | |
| Cash | — | — | |
| Total assets less current liabilities | £48,374,000 | £55,648,000 | |
| Net assets | £48,120,000 | £55,392,000 | |
| Equity | £48,120,000 | £55,392,000 | |
| Average employees | 24 | 27 | |
| Wages | £488,000 | £1,458,000 |
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 | 9438.6% | 71.8% | |
| Net margin | 11709.1% | 98.7% | |
| Return on capital employed | 8.6% | 10.0% | |
| Current ratio | 34.41x | 52.78x |
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
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As a participant in the cash sweep arrangement, a letter of support has been obtained from Thermo Fisher Scientific Inc., who have confirmed they will continue to support the company and provide any further intercompany financing, if required, for a period of at least 12 months from the date of approval of the financial statements.”
Significant events
- “There were no adjusting events arising after the financial year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| OAKWOOD CORPORATE SECRETARY LIMITED | Corporate Secretary | 2009-11-01 | — | — |
| AHMED, Syed Waqas | Director | 2020-03-23 | Nov 1979 | British |
| CAMERON, Euan Daney Ross | Director | 2018-10-31 | Mar 1976 | British |
| GREEN, Georgina Adams | Director | 2024-04-18 | Mar 1970 | British |
| SMITH, Anthony Hugh | Director | 2018-11-12 | May 1962 | American |
| STARR, Alison Jane | Director | 2024-04-18 | Jan 1977 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GREGG, Rhona | Secretary | 2015-09-10 | 2026-03-31 |
| WARD, Nicola Jane | Secretary | 2003-06-30 | 2014-12-18 |
| A G SECRETARIAL LIMITED | Corporate Secretary | 2003-11-06 | 2009-10-31 |
| REED SMITH CORPORATE SERVICES LIMITED | Corporate Secretary | 1996-02-16 | 2003-06-30 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1996-01-31 | 1996-02-16 |
| ABEL, Allyson Renee | Director | 1996-02-16 | 1996-03-12 |
| COLEY, James Robert Ewen | Director | 2003-02-25 | 2012-04-18 |
| DEADY, Conan R | Director | 1996-03-12 | 1997-03-04 |
| GRANT, Lucie Mary Katja | Director | 2013-02-07 | 2019-12-03 |
| HERD, Roger | Director | 1996-03-12 | 2001-12-31 |
| INCE, Nicholas | Director | 2015-09-10 | 2018-10-31 |
| LEWIS, Earl Ray | Director | 1996-12-19 | 2000-07-10 |
| MOODIE, Iain Alasdair Keith | Director | 2012-04-18 | 2013-02-07 |
| NORMAN, David John | Director | 2015-11-16 | 2024-04-18 |
| PAZAK, Jeffrey Matthew | Director | 2001-08-07 | 2003-02-25 |
| PERKINS, James Ian | Director | 2003-02-25 | 2004-12-01 |
| WHEELER, Kevin Neil | Director | 2003-02-25 | 2015-11-16 |
| WILLIAMS, David, Dr | Director | 2001-03-02 | 2003-02-25 |
| WRIGHT, Katie Rose | Director | 2010-12-01 | 2015-09-04 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 1996-01-31 | 1996-02-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Thermo Optek Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 152 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-02-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-22 | AA | accounts | Accounts with accounts type full | |
| 2025-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-21 | AA | accounts | Accounts with accounts type full | |
| 2024-04-23 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-19 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-09 | AA | accounts | Accounts with accounts type full | |
| 2023-02-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-26 | AA | accounts | Accounts with accounts type full | |
| 2022-02-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-14 | AA | accounts | Accounts with accounts type full | |
| 2021-02-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-10-15 | AA | accounts | Accounts with accounts type full | |
| 2020-03-24 | AP01 | officers | Appoint person director company with name date | |
| 2020-02-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-12-10 | TM01 | officers | Termination director company with name termination date | |
| 2019-10-11 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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
+17,572.7%
£44,000 £7,776,000
-
Cash
—
Not reported
-
Net assets
+15.1%
£48,120,000 £55,392,000
-
Employees
+12.5%
24 27
-
Operating profit
+34.4%
£4,153,000 £5,580,000
-
Profit before tax
+36.8%
£5,695,000 £7,793,000
-
Wages
+198.8%
£488,000 £1,458,000
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