VIPER INNOVATIONS LTD

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. VIPER INNOVATIONS LTD 2016-11-04 → present
2. VIPER SUBSEA TECHNOLOGY LIMITED 2011-07-06 → 2016-11-04
3. VIPER SUBSEA LTD 2007-04-16 → 2011-07-06

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

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company meets its day-to-day working capital requirements through its significant cash reserves. ... The Company is expected to continue to generate positive cashflows for a period of at least 12 months from the date of approval of these financial statements. The Company therefore continues to adopt the going concern basis in preparing its financial statements.”

Group structure

1. VIPER INNOVATIONS LTD · parent
   1. Livewire Innovations Inc. 30.4% · USA
   2. Viper Innovations Inc. 100% · USA

Significant events

• “On 15 July 2024, the shareholders of Viper completed the sale of their shares in the Company to a new owner led by the existing management team, Portcullis Bidco Limited, a company incorporated in England and Wales. ... This management buyout of Viper represents a very exciting opportunity for the future...”
• “In May 25, Viper was delighted to announce it had won the prestigious King's Award for Enterprise in International Trade, recognising Viper's success in promoting UK innovation worldwide.”

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

Filings

2

last 12 months

Capital events

3

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

  +10.7%

  £13,364,628 → £14,791,192

• Cash

  -25.6%

  £12,481,397 → £9,288,226

• Net assets

  -49.2%

  £21,202,735 → £10,776,077

• Employees

  +8.3%

  72 → 78

• Operating profit

  +6.5%

  £4,327,130 → £4,607,875

• Profit before tax

  -4.9%

  £5,097,131 → £4,847,942

• Wages

  -2.4%

  £3,784,310 → £3,692,276

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