How much does VL Midco 2 Limited make?

VL Midco 2 Limited reported revenue of £0 and a loss of £100m in the year to 29 Feb 2024, according to its accounts filed at Companies House.

Is VL Midco 2 Limited profitable?

No — VL Midco 2 Limited reported a loss of £100m in the year to 29 Feb 2024.

Company No. 13569307 · Incorporated 17 Aug 2021

VL Midco 2 Limited

Registered name: VL MIDCO 2 LIMITED

Part of William Pears Group Limited group

VL Midco 2 Limited made £0 revenue and a £100m loss in the year to 29 Feb 2024.

VL Midco 2 Limited’s revenue was £0 in the year to 29 Feb 2024, with a loss of £100m. The company is classified under “activities of other holding companies” and is based in Ringwood; we hold 3 years of its filed accounts.

Full P&L filedSIC 64209Activities of other holding companies n.e.c.

Status: Liquidation
Location: Ringwood
Age: 5 yrs · since 2021
Type: Private Limited Company

Latest accounts · year to 29 Feb 2024

Key figures

Revenue

£0

Growth —

Profit

−£100m

Growth —

Profit margin

—

Employees

—

Change —

Profit / employee

—

Profitable streak

0yrs

Consecutive profitable years in our data

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	28 Feb 2022	28 Feb 2023	29 Feb 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£0	£0	£0
Cost of sales	£0	£0	£0
Gross profit	£0	£0	£0
Operating profit	£0	£0	−£100m
Profit before tax	£0	£0	−£100m
Profit after tax	£0	£0	−£100m
Profit (best available)	£0	£0	−£100m
Employees (average)	0	0	—
Ratios
Profit margin	—	—	—
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	Accounts · bulk data Mar 2025

Derived from the latest filing

How the business works

Profit margin: —; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: —; 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: —; Now —
Cash at bank: —; Now —
Headcount: —; Now —
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

William Pears Group Limitedultimate parent75–100%
William Pears Group Investments Limited75–100%
William Pears Group of Companies Limited(The)75–100%
Echoline Limited75–100%
VL Topco Limited75–100%
VL Midco 1 Limited75–100%
VL Midco 2 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).

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 29 Feb 2024 (profit −£100m), from the Companies House accounts bulk data published Mar 2025. Spotted an error? Request a correction.

Updated from Companies House on 19 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.