Vas Panel Limited
Registered name: VAS PANEL LIMITED
Vas Panel Limited made £46.7m revenue and £1.2m profit in the year to 31 Dec 2025. read from filing text
Vas Panel Limited’s revenue was £46.7m in the year to 31 Dec 2025, with £1.2m profit and 62 employees. The company is classified under “other professional, scientific and technical activities” and is based in Middlesbrough; we hold 6 years of its filed accounts.
- Status
- Active
- Location
- Middlesbrough, North East
- Age
- 9 yrs · since 2017
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 1 May 2022 | 30 Apr 2023 | 1 May 2023 | 30 Apr 2024 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|---|---|
| Disclosure | No P&L | No P&L | No P&L | No P&L | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||||
| Revenue (turnover) | — | — | — | — | £20.5m | £46.7m |
| Cost of sales | — | — | — | — | £18.2m | £41.5m |
| Gross profit | — | — | — | — | £2.3m | £5.2m |
| Operating profit | — | — | — | — | £1.1m | £1.5m |
| Profit before tax | — | — | — | — | £1.2m | £1.7m |
| Profit after tax | — | — | — | — | £280k | £1.2m |
| Profit (best available) | — | — | — | — | £280k | £1.2m |
| Staff costs | — | — | — | — | £0 | — |
| Employees (average) | — | — | — | — | 2 | 62 |
| Ratios | ||||||
| Profit margin | — | — | — | — | 1.4% | 2.6% |
| Gross margin | — | — | — | — | 11.5% | 11.2% |
| Revenue per employee | — | — | — | — | £10.3m | £753k |
| Profit per employee | — | — | — | — | £140k | £19.7k |
| Cash conversion | — | — | — | — | −58.1% | — |
| Balance sheet — indirect signals, not revenue | ||||||
| Cash at bank | £0 | £0 | £0 | £0 | £4.7m | £83.4k |
| Net assets | £100 | £100 | £100 | £100 | £700k | £586k |
| Fixed assets | — | — | — | — | £638k | £638k |
| Current assets | — | — | — | — | £74k | £90.5k |
| Debtors | — | — | — | — | £0 | £0 |
| Deferred income | — | — | — | — | £7k | £7k |
| Cash from operations | — | — | — | — | −£630k | — |
| Source | FullAccounts · bulk data Jan 2024 | FullAccounts · bulk data Jan 2024 | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Jun 2024 | FullAccounts · bulk data Jul 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 2.6%
- Profit ÷ revenue.
- Gross margin
- 11.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £753k
- Revenue ÷ average employees.
- Profit per employee
- £19.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 1.4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0%
- Money owed by customers. Low = customers pay quickly.
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
- —
- Now £586k
- Cash at bank
- —
- Now £83.4k
- Headcount
- —
- Now 62
- Deferred income
- —
- Now £7k
- Fixed assets
- —
- Now £638k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Subsidiaries (1)
- Vpanel LimitedRev. £46.7m · Profit £1.3m
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £1.2m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.
Updated from Companies House on 15 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.