VSI GROUP LIMITED

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

Menzies LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“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 Group's or the parent 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.”

Group structure

1. VSI GROUP LIMITED · parent
   1. Voice & Script International Limited 96% · London W1T 6AB · provision of dubbing, voice over, subtitling, translation and related post production services
   2. VSI Paris S.A. 96% · Paris, France · provision of dubbing, voice over, subtitling, translation and related post production services
   3. VSI Italia SRL 67% · Rome, Italy · provision of dubbing, voice over, subtitling, translation and related post production services
   4. Voice & Script International Inc. 96% · Sherman Oaks, CA · provision of dubbing, voice over, subtitling, translation and related post production services
   5. VSI Warsaw Sp. Z.o.o. 53% · Warsaw, Poland · provision of dubbing, voice over, subtitling, translation and related post production services
   6. VSI Berlin GmbH 96% · Berlin, Germany · provision of dubbing, voice over, subtitling, translation and related post production services
   7. Centro Integral de Video Sociedad Anonima 86% · Buenos Aires, Argentina · provision of dubbing, voice over, subtitling, translation and related post production services
   8. Sound Lab Latin America Sociedad Anonima 86% · Buenos Aires, Argentina · provision of dubbing, voice over, subtitling, translation and related post production services
   9. AT Lisboa Studios S.A. 65% · Carnaxide, Portugal · provision of dubbing, voice over, subtitling, translation and related post production services
   10. VSI Voice and Script International Tel-Aviv Ltd 96% · Tel Aviv-Jaffa, Israel · provision of dubbing, voice over, subtitling, translation and related post production services
   11. Voice & Script International Mexico, S.A De C.V 86% · Mexico City, Mexico · provision of dubbing, voice over, subtitling, translation and related post production services
   12. VSI Ordkedjan AB 77% · Stockholm, Sweden · provision of dubbing, voice over, subtitling, translation and related post production services
   13. Dawood Holdings B.V. 96% · Hilversum, Netherlands · provision of dubbing, voice over, subtitling, translation and related post production services
   14. VSI Netherlands Holding B.V. 96% · Hilversum, Netherlands · provision of dubbing, voice over, subtitling, translation and related post production services
   15. VSI Creative Services B.V. 96% · Hilversum, Netherlands · provision of dubbing, voice over, subtitling, translation and related post production services
   16. VSI Translation & Subtitling B.V. 96% · Hilversum, Netherlands · provision of dubbing, voice over, subtitling, translation and related post production services
   17. Vox Mundi Audiovisual Ltda 72% · São Paulo - SP, Brazil · provision of dubbing, voice over, subtitling, translation and related post production services
   18. VSI LATAM Limited 86% · London W1T 6AB · provision of dubbing, voice over, subtitling, translation and related post production services
   19. Voice & Script International Spain S.L 96% · Barcelona · provision of dubbing, voice over, subtitling, translation and related post production services
   20. VSI Malaysia Sdn.Bhd 96% · Kuala Lumpur, Malaysia · provision of dubbing, voice over, subtitling, translation and related post production services

Significant events

• “As part of its commitment to serving global clients and to meet the anticipated increase in demand, the Group consolidated its position in Germany and Sweden through the acquisition of minority interests during the year.”
• “The £8m bank loan taken during 2022 was fully repaid in May 2025.”
• “On 17th October 2024, Voice & Script International Limited aquired an additional 20% interest in VSI Ordkedjan AB, bringing the Group ownership to 77%.”
• “On 16th May 2024, Voice & Script International Limited aquired an additional 10% interest in VSI Berlin GmbH, bringing the Group ownership to 96%.”
• “On 17 January 2025 VSI Moscow Ltd, an associate of the Group incorporated in Russia, was liquidated.”
• “On 15 December 2025, a Group's subsidiary Voice & Script International Limited, aquired the remaining 20% shares in VSI Ordkedjan AB.”
• “On 31 December 2025, Voice & Script International Limited declared and settled an in specie dividend amounting to £7,542,843 (£531 per share). The dividend was satisfied by the reduction of the intra-group loan account with Voice & Script International Limited.”

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

Filings

18

last 12 months

Capital events

6

last 24 months

Officers appointed

4

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

  +6.8%

  £72,854,000 → £77,829,000

• Cash

  -27.8%

  £17,383,000 → £12,553,000

• Net assets

  -79.7%

  -£9,203,000 → -£16,534,000

• Employees

  -9.1%

  571 → 519

• Operating profit

  +38.8%

  -£5,710,000 → -£3,495,000

• Profit before tax

  +29.5%

  -£7,277,000 → -£5,133,000

• Wages

  +4.3%

  £19,638,000 → £20,491,000

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