VERTIGIS GROUP HOLDINGS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-16 (in 3mo)
Last made up 2025-08-02
Watchouts
None on the register
Cash
£23M
+4.1% vs 2023
Net assets
-£7M
+35.5% vs 2023
Employees
601
-6.1% vs 2023
Profit before tax
£10M
+1,021.7% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £92,474,861 | £104,938,454 | |
| Operating profit | £3,780,340 | £14,864,771 | |
| Profit before tax | -£1,090,499 | £10,051,144 | |
| Net profit | -£3,801,144 | £6,245,666 | |
| Cash | £21,881,068 | £22,784,327 | |
| Total assets less current liabilities | £63,191,748 | £6,374,827 | |
| Net assets | -£11,130,374 | -£7,182,732 | |
| Equity | -£11,130,374 | -£7,182,732 | |
| Average employees | 640 | 601 | |
| Wages | £39,338,592 | £37,403,779 |
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 | 4.1% | 14.2% | |
| Net margin | -4.1% | 6.0% | |
| Return on capital employed | 6.0% | 233.2% | |
| Gearing (liabilities / total assets) | 109.5% | 106.9% | |
| Current ratio | 0.82x | 0.46x | |
| Interest cover | 0.78x | 2.86x |
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
- Consolidated group
- Auditor
- Deloitte (NI) Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In preparing the Group and Company's financial statements on a going concern basis, the Directors have considered the financial position and circumstances of the Group and Company. The Directors assessment covers the period to 31 October 2026. On 8th September 2025 the terms of the group's existing debt facility were amended to extend the expiration date of all facilities from 31 December 2025 to 31 December 2027. The going concern assessment was carried out with reference to the amended debt facility. The Directors' assessment includes cashflow and covenant compliance forecasts that cover the period to 31 October 2026. These forecasts have also been stress tested, including a reverse stress test, to allow for the cash impact of reductions in revenue, and subsequently EBITDA against current operating plans. These scenarios include revenue reductions ranging from a 6% revenue reduction against plan and minimal growth through 2025 and 2026 (stress test), to a revenue reduction of 14% against plan with a continued decline in revenue through 2025 and 2026 (reverse stress test). The directors assessment has been mindful of both the impact of significant inflation and the current socio-political environment which are having an impact on the economies that the group operates within. The results of the sensitivity analysis demonstrated that because of the Group's strong cash position and highly secure existing and future revenue streams it is expected to maintain sufficient cash and covenant headroom to accommodate the above scenarios.”
Group structure
- VERTIGIS GROUP HOLDINGS LIMITED · parent
- VertiGIS Holdings Ltd 89.4%
- VertiGIS Ltd 100%
- AED GIS Holding GmbH 100%
- Dynamic Design North Africa SARL 100%
- VertiGIS North America Ltd 100%
- VertiGIS Pty Ltd 100%
- VertiGIS USA Inc 100%
- VertiGIS LLC 100%
- VertiGIS GmbH 100%
- VertiGIS GmbH 100%
- VertiGIS AG 100%
- VertiGIS AB 100%
- Ingenieurbüro Riemer Gesellschaft für Geoinformation GmbH 100%
- BARAL Geohaus-Consulting AG 50.6%
Significant events
- “On 8th September 2025 the group entered into an amendment of its senior facility agreement with its lender, HSBC innovation Bank. The amendment extended the current term of the loan facilities from 31 December 2025 to 31 December 2027.”
- “During 2024 the group settled deferred consideration of €2.15m relating to companies acquired in 2023. On 16th August 2024 TOPO graphics Geoinformationssysteme GmbH (TOPO Graphics) was legally merged into VertiGIS GmbH, the merger is effective from 1 January 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ELHAFED, Morad | Director | 2022-09-09 | Oct 1981 | American |
| EWEN, Zakary Scott | Director | 2022-09-09 | Jun 1989 | American |
| SMITH, Richard Paul | Director | 2022-09-09 | Nov 1964 | British |
Ownership
Persons with significant control
Filing timeline
Last 17 of 17 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-01-13 RESOLUTIONS Resolution
- 2023-01-13 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-22 | AA | accounts | Accounts with accounts type group | |
| 2025-08-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-13 | AA | accounts | Accounts with accounts type group | |
| 2024-04-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-04-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-02-26 | AD03 | address | Move registers to sail company with new address | |
| 2024-02-23 | AD02 | address | Change sail address company with new address | |
| 2024-02-06 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-09-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-08-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-02-03 | AA01 | accounts | Change account reference date company current extended | |
| 2023-01-13 | RESOLUTIONS | resolution | Resolution | |
| 2023-01-13 | MA | incorporation | Memorandum articles | |
| 2022-12-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-12-09 | SH01 | capital | Capital allotment shares | |
| 2022-09-09 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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
-
Turnover
+13.5%
£92,474,861 £104,938,454
-
Cash
+4.1%
£21,881,068 £22,784,327
-
Net assets
+35.5%
-£11,130,374 -£7,182,732
-
Employees
-6.1%
640 601
-
Operating profit
+293.2%
£3,780,340 £14,864,771
-
Profit before tax
+1,021.7%
-£1,090,499 £10,051,144
-
Wages
-4.9%
£39,338,592 £37,403,779
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