VEGWARE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-08 (in 5mo)
Last made up 2025-09-24
Watchouts
None on the register
Cash
£8M
+98.9% vs 2023
Net assets
£16M
+25.8% vs 2023
Employees
77
-7.2% vs 2023
Profit before tax
£5M
-37% vs 2023
Name history
Renamed 1 time since incorporation
- VEGWARE LIMITED 2007-12-17 → present
- MBM SHELFCO (53) LIMITED 2007-09-27 → 2007-12-17
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 | £56,902,837 | £48,509,518 | |
| Operating profit | £7,542,189 | £4,651,785 | |
| Profit before tax | £7,452,672 | £4,697,666 | |
| Net profit | £7,619,536 | £4,711,661 | |
| Cash | £3,949,616 | £7,854,751 | |
| Total assets less current liabilities | £12,597,982 | £15,843,648 | |
| Net assets | £12,431,521 | £15,643,182 | |
| Equity | £12,431,521 | £15,643,182 | |
| Average employees | 83 | 77 | |
| Wages | £3,549,066 | £3,485,828 |
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 | 13.3% | 9.6% | |
| Net margin | 13.4% | 9.7% | |
| Return on capital employed | 59.9% | 29.4% | |
| Current ratio | 2.52x | 3.03x | |
| Interest cover | 64.96x | — |
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
- Affirmed
“The directors are of the opinion that the company can meet its obligations as they fall due for the foreseeable future. The directors have prepared budgets and cash flow projections that show the company will be profitable for the foreseeable future. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.”
Significant events
- “UK sales fell by 11% driven by the introduction in the UK of a single-use plastics ban from 1 October 2023, significantly impacting sales of compostable cutlery.”
- “The Red Sea crisis has had a significant effect on ocean freight charges in 2024 with increases from Q2 onwards impacting profitability in the second half of the year and in the early months of 2025.”
- “In 2023, Vegware Limited became a Certified B-Corporation showing our commitment to being a business that is a force for good.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BURNESS PAULL LLP | Corporate Secretary | 2017-04-03 | — | — |
| BIKULEGE, Stanley Blaise | Director | 2021-08-05 | Jan 1964 | American |
| NORMAN, Dennis Edward | Director | 2021-08-05 | May 1974 | American |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CRAIG, Aidan | Secretary | 2007-12-03 | 2011-02-28 |
| MBM SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2012-12-05 | 2017-03-01 |
| MBM SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2007-09-27 | 2007-12-03 |
| CLEGG, Miranda | Director | 2018-12-31 | 2020-04-09 |
| DRURY, Irene | Director | 2016-06-10 | 2021-08-05 |
| FRANKEL, Jolyon Tobias | Director | 2007-12-03 | 2021-08-05 |
| FRANKEL, Lucy Genevieve | Director | 2016-06-10 | 2021-08-05 |
| GOLDIN, Lori Beth | Director | 2021-08-05 | 2023-04-25 |
| MARJORAM, Dominic | Director | 2007-12-03 | 2016-06-10 |
| MATHIESON, Helen | Director | 2019-03-01 | 2021-08-05 |
| MURPHY, Chris | Director | 2016-06-10 | 2018-05-08 |
| ROBB, David Angus | Director | 2012-03-22 | 2021-08-05 |
| SUTER, Justin Lewinus Wingate | Director | 2017-02-01 | 2021-08-05 |
| SUTER, Teresa Ann | Director | 2016-06-10 | 2021-08-05 |
| WILSON, Keith James | Director | 2009-10-08 | 2021-08-05 |
| MBM NOMINEES LIMITED | Corporate Director | 2007-09-27 | 2007-12-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Vegware Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-06-19 | Active |
Filing timeline
Last 20 of 130 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-08 | AA | accounts | Accounts with accounts type full | |
| 2025-09-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-04 | AA | accounts | Accounts with accounts type full | |
| 2024-09-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-21 | AA | accounts | Accounts with accounts type full | |
| 2023-04-26 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-12 | AA | accounts | Accounts with accounts type full | |
| 2021-09-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-12 | TM01 | officers | Termination director company with name termination date | |
| 2021-08-12 | TM01 | officers | Termination director company with name termination date | |
| 2021-08-12 | TM01 | officers | Termination director company with name termination date | |
| 2021-08-12 | TM01 | officers | Termination director company with name termination date | |
| 2021-08-12 | TM01 | officers | Termination director company with name termination date | |
| 2021-08-12 | TM01 | officers | Termination director company with name termination date | |
| 2021-08-12 | TM01 | officers | Termination director company with name termination date | |
| 2021-08-12 | TM01 | officers | Termination director company with name termination date | |
| 2021-08-11 | AA01 | accounts | Change account reference date company current shortened | |
| 2021-08-11 | AP01 | officers | Appoint person director company with name date |
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
-14.8%
£56,902,837 £48,509,518
-
Cash
+98.9%
£3,949,616 £7,854,751
-
Net assets
+25.8%
£12,431,521 £15,643,182
-
Employees
-7.2%
83 77
-
Operating profit
-38.3%
£7,542,189 £4,651,785
-
Profit before tax
-37%
£7,452,672 £4,697,666
-
Wages
-1.8%
£3,549,066 £3,485,828
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