VISTAIR LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-16 (in 6mo)
Last made up 2025-11-02
Watchouts
Cash
—
Latest balance sheet
Net assets
-£6M
Equity attributable
Employees
5
Average over period
Profit before tax
-£97K
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The company owes its parent £22,836,635 (2023: £22,301,504) which could be required for repayment without notice. The company is therefore dependent upon the continued support of its parent. The directors do not consider the support of its parent likely to be withdrawn.
Name history
Renamed 1 time since incorporation
- VISTAIR LIMITED 2016-04-24 → present
- VIPER BIDCO LIMITED 2015-12-03 → 2016-04-24
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £2,003,614 | £1,383,339 | |
| Operating profit | £97,762 | -£96,539 | |
| Profit before tax | -£1,320,820 | -£96,539 | |
| Net profit | -£1,321,476 | £1,126,602 | |
| Cash | — | — | |
| Total assets less current liabilities | -£7,254,774 | -£6,128,172 | |
| Net assets | -£7,254,774 | -£6,128,172 | |
| Equity | -£7,254,774 | -£6,128,172 | |
| Average employees | 7 | 5 | |
| Wages | £976,869 | £1,319,138 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 4.9% | -7.0% | |
| Net margin | -66.0% | 81.4% | |
| Return on capital employed | -1.3% | 1.6% | |
| Current ratio | 0.07x | 0.15x | |
| Interest cover | 0.04x | — |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The company owes its parent £22,836,635 (2023: £22,301,504) which could be required for repayment without notice. The company is therefore dependent upon the continued support of its parent. The directors do not consider the support of its parent likely to be withdrawn.”
Group structure
- VISTAIR LIMITED · parent
- Vistair Systems Limited 100%
- Vistair Systems North America Inc. 100%
- Vistair Systems Australia Pty Ltd 100%
Significant events
- “On 21 December 2023, 8,805 share options were exercised, and the Capital Contribution was reclassified to the profit and loss account.”
- “Barings Finance LLC holds fixed and floating charges over all the property and undertakings of the company dated 2 February 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DREW, Adam Lee | Director | 2025-09-24 | Apr 1985 | British,Welsh |
| KOSTOV, Ilia Gueorguiev | Director | 2024-12-03 | Oct 1973 | American |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOWDEN, Alexander Charles Spencer | Director | 2015-12-03 | 2023-12-21 |
| BRAY, John Robert Alaric | Director | 2022-01-01 | 2025-12-10 |
| CLARKE, Dominic | Director | 2017-12-04 | 2023-12-21 |
| DAVIES, Philip Anthony | Director | 2016-04-21 | 2017-09-30 |
| ENIS, Wayne | Director | 2021-04-01 | 2023-12-21 |
| FAIRLIE, Scott Andrew | Director | 2015-12-11 | 2021-06-18 |
| HEDLEY, David Clifford Rhys, Dr | Director | 2015-12-11 | 2023-12-21 |
| HERBERT, Ian Paul George | Director | 2015-12-11 | 2023-12-21 |
| MORGAN, Robert Lloyd | Director | 2016-04-21 | 2024-10-31 |
| SAMUEL, Thomas Raj | Director | 2023-12-21 | 2025-08-31 |
| OVAL NOMINEES LIMITED | Corporate Director | 2015-12-03 | 2015-12-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Vistair Group Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 63 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-03-02 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-11 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-11-11 | CH01 | officers | Change person director company with change date | |
| 2025-10-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-07 | AA | accounts | Accounts with accounts type full | |
| 2025-01-02 | AA | accounts | Accounts with accounts type full | |
| 2024-12-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-11 | CH01 | officers | Change person director company with change date | |
| 2024-10-10 | CH01 | officers | Change person director company with change date | |
| 2024-10-10 | CH01 | officers | Change person director company with change date | |
| 2024-10-01 | CH01 | officers | Change person director company with change date | |
| 2024-09-05 | CH01 | officers | Change person director company with change date | |
| 2024-09-05 | CH01 | officers | Change person director company with change date | |
| 2024-09-05 | CH01 | officers | Change person director company with change date | |
| 2024-04-18 | AUD | auditors | Auditors resignation company | |
| 2024-04-09 | AA | accounts | Accounts with accounts type full | |
| 2024-03-02 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31