VGC DEVELOPMENTS LIMITED

• ⚠

  Material uncertainty over going concern

  However, the conditions described above indicate the existence of a material uncertainty which may cast doubt regarding the future financial structure and condition of the Company. The financial statements do not include the adjustments which would result if the Company was unable to continue as a going concern.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. VGC DEVELOPMENTS LIMITED 2018-02-02 → present
2. GLOBAL GAMING VENTURES (DEVELOPMENTS) LIMITED 2014-05-23 → 2018-02-02

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

Brown Butler

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“However, the conditions described above indicate the existence of a material uncertainty which may cast doubt regarding the future financial structure and condition of the Company. The financial statements do not include the adjustments which would result if the Company was unable to continue as a going concern.”

Group structure

1. VGC DEVELOPMENTS LIMITED · parent
   1. VGC Leeds Limited 100% · England · Casino and gaming activities
   2. Multilinea Limited 100% · England · Dormant

Significant events

• “2024 was a difficult year for our business, although it was pleasing to see an improvement in trading in the last quarter. This improvement has continued into 2025.”
• “The July 2024 election delayed the implementation of many of the reforms which were set out in the 2023 government White Paper on the reform of gambling legislation.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -2.3%

  £11,115,071 → £10,854,007

• Cash

  +19.1%

  £4,814,585 → £5,736,578

• Net assets

  -12.7%

  -£48,987,877 → -£55,194,620

• Employees

  -1.4%

  143 → 141

• Operating profit

  -216%

  £152,593 → -£177,036

• Profit before tax

  -644.9%

  -£834,522 → -£6,216,145

• Wages

  +6.7%

  £3,063,700 → £3,270,231

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