VISLINK LTD

• ⚠

  Annual accounts overdue

  Due 2025-12-31.

• ⚠

  Material uncertainty over going concern

  The Company has reported a profit of £671,584 for the current period (2023 - loss of £7,949,314) and has net liabilities of £27,751,043 (2022 - £28,422,627). The Company has historically experienced net cash outflows, including in the current year, and therefore relies on its US parent company for both operational and financial support. The US parent is expected to continue providing support as it is required by the Company.

1. VISLINK LTD 2020-06-10 → present
2. INTEGRATED MICROWAVE TECHNOLOGY LTD 2016-12-13 → 2020-06-10

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

Ecovis Wingrave Yeats LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Company has reported a profit of £671,584 for the current period (2023 - loss of £7,949,314) and has net liabilities of £27,751,043 (2022 - £28,422,627). The Company has historically experienced net cash outflows, including in the current year, and therefore relies on its US parent company for both operational and financial support. The US parent is expected to continue providing support as it is required by the Company.”

Group structure

1. VISLINK LTD · parent
   1. Mobile Viewpoint Corporate B.V. 100% · Netherlands
   2. Mobile Viewpoint B.V. 100% · Netherlands
   3. IQ VideoSolutions B.V. 100% · Netherlands

Significant events

• “The Company began moving its United Kingdom manufacturing division to the United States in September 2023. The relocation to the United States is anticipated to result in approximately $1.0 million in annual savings. The relocation of our manufacturing division to the United States cost £161k in severance costs, which has been recognised as an expense in 2023.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  -6.5%

  £15,301,308 → £14,312,442

• Cash

  -23.6%

  £573,111 → £438,039

• Net assets

  +2.4%

  -£28,422,627 → -£27,751,043

• Employees

  +31.7%

  41 → 54

• Operating profit

  +107.5%

  -£7,860,793 → £591,923

• Profit before tax

  +105%

  -£8,168,299 → £405,337

• Wages

  -18.8%

  £2,785,356 → £2,263,022

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