VESTAL DEVELOPMENTS LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The board reviewed the Company's business plan in January 2025 and were content that these plans were affordable and that the accounts should be prepared on a going concern basis. The Board has a reasonable expectation that the company has adequate resources to continue to trade over the foreseeable future, being 12 months from the date of these financial statements. The directors are confident that trading performance will remain strong. For this reason, the financial statements have been prepared on a going concern basis.”

Significant events

• “We have successfully completed the development at Bury Farm and made significant progress at the Selborne Road and Hounsome Fields sites. We've sold 15 private market homes in the year and completed 126 affordable homes for VIVID Housing Limited ("VIVID").”
• “In 2024-25, we handed over 141 new homes as part of VIVID's comprehensive development strategy.”
• “The company is actively working on several projects across Hampshire to help VIVID achieve its goal of delivering 1,400 homes annually. Among these initiatives is our flagship development at Victory Quay in Portsmouth.”

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

1

last 24 months

Officers appointed

3

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  -29.9%

  £97,972,000 → £68,677,000

• Cash

  +12.9%

  £1,037,000 → £1,171,000

• Net assets

  +8,268.5%

  £108,000 → £9,038,000

• Employees

  —

  Not reported

• Operating profit

  +96.6%

  £1,394,000 → £2,741,000

• Profit before tax

  +70.7%

  -£3,650,000 → -£1,070,000

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