VQ COMMUNICATIONS LTD Financials
- Company number
- 05318829CopyCopy
- Registered office
- Unit D2 Southgate, Commerce Park, Frome BA11 2RY
- Incorporated
- 22/12/2004
Company snapshot
- Status
- Active
- Employees
- 41 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
29.98%vs 20232023: £-2.60M
Total Assets
91.26%vs 20232023: £4.13M
Cash in Bank
108.51%vs 20232023: £3.11M
Total Liabilities
43.62%vs 20232023: £6.62M
Employees
+5vs 20232023: 36
In 2024, VQ COMMUNICATIONS LTD reported net assets of £-1.82M. The same filing shows total assets of £7.90M, cash in bank of £6.48M and total liabilities of £9.51M. Reported headcount was 41 in 2024. Total Assets rose from £4.13M in 2023 to £7.90M in 2024 (91.26%). Okredo holds filed figures for 2021–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
29.98%from £-2.60M in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures VQ COMMUNICATIONS LTD filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
Decreasedvs 2022Cash in Bank
+218%vs 2022+78.3% a year compound (CAGR)
Total Assets
+212%vs 2022+76.7% a year compound (CAGR)
Total Liabilities
+233%vs 2022+82.4% a year compound (CAGR)
Employees
+70.8%vs 2022+17Biggest increase
Total Liabilities+233%
£2.86M in 2022 to £9.51M in 2024
VQ COMMUNICATIONS LTD's filings pull in both directions between 2022 and 2024. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, with cash in bank, total assets and employee numbers climbing alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from VQ COMMUNICATIONS LTD's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- -23.09%2024
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 120.44%2024
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 68.14%2024
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 82.06%2024
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for VQ COMMUNICATIONS LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | -381.16K | -403.48K | -2.60M | -1.82M |
| Total Assets£ | 1.71M | 2.53M | 4.13M | 7.90M |
| Cash in Bank£ | 1.11M | 2.04M | 3.11M | 6.48M |
| Total Liabilities£ | 1.99M | 2.86M | 6.62M | 9.51M |
| Employees | 25 | 24 | 36 | 41 |
VQ COMMUNICATIONS LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for VQ COMMUNICATIONS LTD covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
VQ COMMUNICATIONS LTD reported net assets of £-1.82M for 2024. That compares with £-2.60M in 2023, a change of 29.98%.
VQ COMMUNICATIONS LTD reported total assets of £7.90M for 2024. That compares with £4.13M in 2023, a change of 91.26%.
VQ COMMUNICATIONS LTD reported cash in bank of £6.48M for 2024. That compares with £3.11M in 2023, a change of 108.51%.
VQ COMMUNICATIONS LTD reported 41 employees in 2024, compared with 36 in 2023.
Between 2022 and 2024, VQ COMMUNICATIONS LTD's cash in bank rose by 218%, total assets rose by 212%, total liabilities rose by 233% and employee numbers rose by 70.8%. Cash in bank compounded at 78.3% a year across the two years to 2024, from £2.04M to £6.48M. Reported headcount went from 24 in 2022 to 41 in 2024 (+17).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.