UK Companies House feature
VR FINANCE COMPANY
Profile
- Company number
- 03428240
- Status
- Active
- Incorporation
- 1997-08-28
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 64999
- Hubs
- UK Fintech
Accounts
Pending extraction
No iXBRL extracted yet for this company.
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making due enquiries and considering the company's access to funds, including further cash pool facilities, if required, to meet its liabilities as they fall due, the director has a reasonable expectation that the company has adequate resources to continue in operation for the going concern assessment period to 31 December 2026. These considerations included the impact of the current global geo-political environment and economic pressures due to tariff wars and inflationary pressures, as well as the ongoing conflicts in Ukraine and the Middle East. These impacts were considered in respect of the company and also the wider UK and Danaher Corporation group. Accordingly, the financial statements have been prepared on the going concern basis.”
Subsidiaries
- Launchchange Instrumentation Limited · 100% held · United Kingdom
- Launchchange Limited · 100% held · United Kingdom
- Launchchange UK Holdco Limited · 100% held · United Kingdom
- LIL Holdco UK Limited · 100% held · United Kingdom
- Launchchange Operations Limited · 100% held · United Kingdom
- AB Sciex UK Limited · 100% held · United Kingdom
- Phenomenex Limited · 100% held · United Kingdom
- Launchchange Finance Limited · 100% held · United Kingdom
- Leica Biosystems Newcastle Limited · 100% held · United Kingdom
- Leica Microsystems (UK) Limited · 100% held · United Kingdom
- Pall Manufacturing UK Limited · 100% held · United Kingdom
- Pall Europe Limited · 100% held · United Kingdom
- KVF Finance ApS · 42% held · Denmark
- ID Business Solutions Limited · 100% held · United Kingdom
- IDBS (Hong Kong) Limited · 100% held · Hong Kong
- Sarbel UK Holding Company · 100% held · United Kingdom
- Pall Arabia for Trading · 70% held · Saudi Arabia
- DH Omega Limited · 100% held · United Kingdom
- Puridify Ltd. · 100% held · United Kingdom
- Asymptote Limited · 100% held · United Kingdom
- Stampede Acquisition Limited · 100% held · United Kingdom
- A/B Sciex ΟΥ · 100% held · Finland
- Leica Microsystems Cambridge Limited · 100% held · United Kingdom
- Cytiva Ireland Limited · 37% held · Ireland
Significant events
- “On 16 August 2024 the Company received a cash dividend of £415,000,000 from Launchchange Instrumentation Limited (2023: £1,935,245,994 dividend in specie).”
- “On 21 March 2025, VR Finance Company declared and paid a cash dividend of £270,000,000 to Launchchange Holding Company.”
- “On 21 March 2025, VR Finance Company received a cash dividend of £80,000,000 from Launchchange Instrumentation Limited.”
- “The Board conferred and agreed on extending loan terms for a further 5 years for an intercompany loan held with its immediate parent company. In doing so, it considered the company's own solvency concerns.”
- “The 8% unsecured loan note 2024, repayable on 12 August 2024 was extended to 12 August 2029 and the rate adjusted from 26 June 2024 to UK bank base rate plus 1%. This note was issued to VR Finance Company by a fellow group undertaking, Launchchange Holding Company”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
1 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BELL, Joe Anthony | Director | 2026-02-14 | Apr 1988 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DITKOFF, James Howard | Secretary | 1997-08-28 | 2007-06-06 |
| TUNLEY, David William | Secretary | 2007-05-03 | 2012-06-29 |
| WARD, Keith Graham | Secretary | 1998-09-15 | 2007-05-03 |
| COMLAW SECRETARY LIMITED | Corporate Secretary | 1997-08-28 | 1997-08-28 |
| ALLENDER, Patrick William | Director | 1997-08-28 | 2005-05-31 |
| DITKOFF, James Howard | Director | 1997-08-28 | 2008-11-28 |
| MASON, Antony Paul | Director | 2023-09-22 | 2026-02-15 |
| MCFADEN, Frank Talbot, Mr. | Director | 2008-09-18 | 2014-10-24 |
| STONE, Derek Charles | Director | 2012-06-29 | 2014-10-24 |
| TUNLEY, David William | Director | 2008-11-26 | 2012-06-29 |
| WARD, Keith Graham | Director | 1998-09-15 | 2021-03-31 |
| WEST, Simon Gordon Edward | Director | 2020-12-30 | 2023-09-28 |
| COMLAW DIRECTOR LIMITED | Corporate Director | 1997-08-28 | 1997-08-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Launchchange Holding Company | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-08-28 | Active |
Filing timeline
Last 20 of 111 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-02-23 | TM01 | officers | termination director company with name termination date |
| 2026-02-23 | AP01 | officers | appoint person director company with name date |
| 2025-09-30 | AA | accounts | accounts with accounts type full |
| 2025-09-05 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-09-23 | AA | accounts | accounts with accounts type full |
| 2024-08-29 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-01-10 | RESOLUTIONS | resolution | resolution |
| 2023-10-10 | AA | accounts | accounts with accounts type full |
| 2023-10-05 | TM01 | officers | termination director company with name termination date |
| 2023-10-05 | AP01 | officers | appoint person director company with name date |
| 2023-10-03 | AD01 | address | change registered office address company with date old address new address |
| 2023-09-01 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-09-09 | CS01 | confirmation-statement | confirmation statement with updates |
| 2022-08-30 | AA | accounts | accounts with accounts type full |
| 2022-05-10 | RESOLUTIONS | resolution | resolution |
| 2021-10-07 | AA | accounts | accounts with accounts type full |
| 2021-09-10 | CS01 | confirmation-statement | confirmation statement with updates |
| 2021-04-09 | TM01 | officers | termination director company with name termination date |
| 2021-02-05 | AP01 | officers | appoint person director company with name date |
| 2020-09-22 | AA | accounts | accounts with accounts type full |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Credit score requires extracted accounts data.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory
Activity Score not yet computed for this company.