VALLECTRIC (HOLDINGS) LIMITED

1. VALLECTRIC (HOLDINGS) LIMITED 2006-09-22 → present
2. VITAL CHANGE LIMITED 2006-06-14 → 2006-09-22

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

Consolidated group

Auditor

Kirk Newsholme Ltd

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “Vallectric continues to operate from offices in Leeds and Greenwich and has recently relocated the business unit in Hull to a modern serviced facility at Cherry Tree Court on Ferensway in the City centre.”
• “Turnover for the year 2024/25 was reduced to £12.7m (previously £24.2m). We faced difficulties in securing a number of anticipated schemes due to the pressure on pricing levels, attributable to increases in labour and material costs, exacerbated by commencement delays due to the impact of Gateway 2 approval under the Building Safety Act.”
• “Securing satisfactory levels of work throughout 2025 remains a challenge, although we have recently been awarded a number of quick start refurbishment projects, which will alleviate the shortfalls in turnover during 2025 and contribute towards the value of secured new work that commences in early 2026.”
• “We continue to operate as a group under employee ownership via an employee ownership trust (EOT) and strive to provide an excellent working environment for our staff, whilst remaining committed to training for personal development, along with providing opportunities for progression within the business.”
• “The previous year's settlement of the outstanding debt from the transfer of shares has had a positive shift on the group's net asset value and this is reflected in these accounts. Employees have also benefited from enhanced profit share in the last year due to the ongoing success of the group and the group's ongoing excellent performance and profitability.”

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

Filings

7

last 12 months

Capital events

4

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -47.5%

  £24,151,168 → £12,676,395

• Cash

  +38.2%

  £2,429,947 → £3,358,178

• Net assets

  +165.4%

  £532,376 → £1,412,783

• Employees

  -4.9%

  41 → 39

• Operating profit

  -60.3%

  £2,948,453 → £1,171,535

• Profit before tax

  -58.3%

  £3,069,213 → £1,280,677

• Wages

  +15.1%

  £2,061,739 → £2,373,507

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