VPlus Networks Ltd. was incorporated on 28th June 2001 . The financial year runs to 30th September. Turnover increased rapidly over the initial three years of VPlus Networks’ existence followed by a year of consolidation and reinvestment in its infrastructure and people which saw profit margins decrease slightly. This investment will be reflected positively in the results for the current year. The accounts for the last three years have been fully audited.
| |
Turnover(£) |
Profit / Loss(£) |
| Year 1 |
36,727 |
(61,312) |
| |
|
|
| Year 2 |
529,999 |
130,999 |
| |
|
|
| Year 3 |
1,115,780 |
141,853 |
| |
|
|
| Year 4 |
1,187,389 |
95,930 |
VPlus Networks’ credit rating has increased year on year. Dun & Bradstreet’s credit rating of VPlus increased from D1 to B1 last year. Only 9% of businesses on the Dun & Bradstreet UK database have a lower risk of failure compared with VPlus within the next twelve months. |
