How much does Vpanel Limited make?

Vpanel Limited reported revenue of £46.7m and £1.3m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Vpanel Limited have?

Vpanel Limited reported an average of 62 employees in the year to 31 Dec 2025.

Is Vpanel Limited profitable?

Yes — Vpanel Limited reported a profit of £1.3m in the year to 31 Dec 2025.

Company No. 10893297 · Incorporated 1 Aug 2017

Vpanel Limited

Registered name: VPANEL LIMITED

Part of Vas Panel Limited group

Vpanel Limited made £46.7m revenue and £1.3m profit in the year to 31 Dec 2025.

Vpanel Limited’s revenue grew 34% to £46.7m in the year to 31 Dec 2025, with £1.3m profit and 62 employees. The company is classified under “other professional, scientific and technical activities” and is based in Middlesbrough; we hold 4 years of its filed accounts.

Full P&L filedSection M · Professional, scientific and technical activitiesSIC 74909Other professional, scientific and technical activities n.e.c.

Status: Active
Location: Middlesbrough, North East
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.

Latest accounts · year to 31 Dec 2025

Key figures

Capital-light

Revenue

£46.7m

Growth ▲34.3%

Profit

£1.3m

Growth ▲20.6%

Profit margin

2.7%

Gross 11.2%

Employees

Change ▲21.6%

Profit / employee

£20.2k

Revenue/employee £753k

Profitable streak

3yrs

Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Aug 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	No P&L	Full P&Lread from filing text	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£31.4m	£34.7m	£46.7m
Cost of sales	—	£27.6m	£31.3m	£41.5m
Gross profit	—	£3.7m	£4.1m	£5.2m
Operating profit	—	£941k	£1.3m	£1.5m
Profit before tax	—	£975k	£1.3m	£1.7m
Profit after tax	—	£836k	£1m	£1.3m
Profit (best available)	—	£836k	£1m	£1.3m
Staff costs	—	£1.8m	£1.9m	£2.5m
Employees (average)	33	41	51	62
Ratios
Profit margin	—	2.7%	3%	2.7%
Gross margin	—	11.9%	11.8%	11.2%
Revenue per employee	—	£765k	£681k	£753k
Profit per employee	—	£20.4k	£20.4k	£20.2k
Growth (year on year)
Revenue growth	—	—	—	▲34.3%
Profit growth	—	—	—	▲20.6%
Headcount growth	—	—	—	▲21.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.7m	£2.9m	£4.7m	£5.5m
Net assets	£509k	£866k	£1.3m	£1.7m
Fixed assets	£541k	£809k	£1.1m	£1.5m
Current assets	£3.3m	£4m	£6.7m	£7.9m
Debtors	£775k	£713k	£889k	£1.1m
Deferred income	—	£28.5k	£23.4k	£3.7m
Source	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Jul 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 2.7%; Profit ÷ revenue.
Gross margin: 11.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £753k; Revenue ÷ average employees.
Profit per employee: £20.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 2.3%; 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: ▲23%; Now £1.7m
Cash at bank: ▲18%; Now £5.5m
Headcount: ▲22%; Now 62
Deferred income: ▲15844%; Now £3.7m
Fixed assets: ▲36%; Now £1.5m

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

Vas Panel Limitedultimate parent75–100%
Vpanel Limitedthis company

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

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

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £1.3m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.

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