How much does VX Fiber Limited make?

VX Fiber Limited reported revenue of £4.6m and a loss of £12.3m in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does VX Fiber Limited have?

VX Fiber Limited reported an average of 116 employees in the year to 31 Dec 2023.

Is VX Fiber Limited profitable?

No — VX Fiber Limited reported a loss of £12.3m in the year to 31 Dec 2023.

Company No. 10556810 · Incorporated 10 Jan 2017

VX Fiber Limited

Registered name: VX FIBER LIMITED

Part of Aviva Group Holdings Limited group

VX Fiber Limited made £4.6m revenue and a £12.3m loss in the year to 31 Dec 2023.

VX Fiber Limited’s revenue grew 155% to £4.6m in the year to 31 Dec 2023, with a loss of £12.3m and 116 employees. The company is classified under “computer facilities management activities” and is based in Manchester; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 62030Computer facilities management activities SIC 62090Other information technology service activities

Status: Active
Location: Manchester, North West
Age: 9 yrs · since 2017
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “VX Fiber Holding 2 AB”

Latest accounts · year to 31 Dec 2023

Key figures

Doing more with less

Revenue

£4.6m

Growth ▲155.1%

Profit

−£12.3m

Growth —

Profit margin

−265.9%

Gross 75%

Employees

116

Change ▼0.9%

Profit / employee

−£106k

Revenue/employee £39.8k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£1.8m	£4.6m
Cost of sales	£1m	£1.2m
Gross profit	£804k	£3.5m
Operating profit	−£9.8m	−£11.3m
Profit before tax	−£10.2m	−£12.3m
Profit after tax	−£6m	−£12.3m
Profit (best available)	−£6m	−£12.3m
Staff costs	£2.8m	£3.1m
Employees (average)	117	116
Ratios
Profit margin	−331.3%	−265.9%
Gross margin	44.4%	75%
Revenue per employee	£15.5k	£39.8k
Profit per employee	−£51.3k	−£106k
Growth (year on year)
Revenue growth	—	▲155.1%
Headcount growth	—	▼0.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£383k	£143k
Net assets	£112m	£100m
Fixed assets	£132m	£142m
Current assets	£4.2m	£3.8m
Debtors	£764k	£231k
Deferred income	£149k	£703k
Source	Accounts · bulk data Jun 2024	Accounts · bulk data Jun 2024

Derived from the latest filing

How the business works

Profit margin: −265.9%; Profit ÷ revenue.
Gross margin: 75%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £39.8k; Revenue ÷ average employees.
Profit per employee: −£106k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3062%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 15.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 5%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▼11%; Now £100m
Cash at bank: ▼63%; Now £143k
Headcount: ▼1%; Now 116
Deferred income: ▲373%; Now £703k
Fixed assets: ▲7%; Now £142m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Aviva Group Holdings Limitedultimate parent75–100%
Aviva Investors Holdings Limited75–100%
Aviva Investors Real Estate Limited75–100%
Aviva Investors Infrastructure GP Limited50–75%
Aviva Investors Infrastructure Income No.6a1 Limited50–75%
Aviva Investors Infrastructure Income NO.6 Limited75–100%
Truespeed Holdings Limited75–100%
Truespeed Communications Group Limited50–75%
Freedom Holdco 2 Limited75–100%
Freedom Fibre Limited75–100%
VX Fiber Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (1)

Lilaconnect LimitedRev. £5.6m · Profit −£5.3m

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2023 (profit −£12.3m), from the Companies House accounts bulk data published Jun 2024. Spotted an error? Request a correction.

Updated from Companies House on 12 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.